Logistics Industry News Dated 30th March 2017

Logistics Industry News

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World’s Largest Containership Delivered:

The world’s largest containership, MOL Triumph, was delivered to Mitsui O.S.K. Lines (MOL) from Samsung Heavy Industries.

MOL’s newest vessel, the first of a fleet of six 20,000 TEU-class containerships for the company, was named MOL Triumph in a ceremony at SHI in South Korea on March 15, 2017. At 400 meters in length and 58.8 meters in width, MOL Triumph is currently the world’s largest containership. With a capacity of 20,170 TEU, the vessel is the first 20,000 TEU-class containership deployed in THE Alliance’s Asia to Europe trade via the FE2 service.

MOL Triumph will set off on her maiden voyage from Xingang in April 2017 and will sail to Dalian, Qingdao, Shanghai, Ningbo, Hong Kong, Yantian and Singapore. She will then transit through the Suez Canal and continue on to Tangier, Southampton, Hamburg, Rotterdam and Le Havre. She will then call at Tangier and Jebel Ali on the way back to Asia (read more)

 

Adani Ports Soon to Exceed JNPT as the Largest Container Handler in India:

Adani Ports and Special Economic Zone (APSEZ) is eyeing to take additional cargo at its flagship Mundra Port on the event of completing new projects dedicated to double the container handling capacity. Earlier this week, a trade summit was set up at Shanghai; China to bring capabilities and developments achieved for Mundra at its private harbor, and progress over its rivals in India, to light.

However, Mundra is a bit critical for expanding container handling footprint of APSEZs because of traffic gains causing bottlenecks at direct rival JNPT and its nearness to northern hinterland market (read more)

 

Kerry Logistics signs up homeware retailer Lakeland:

Kerry Logistics, one of Asia’s leading logistics services providers, has been awarded a contract by UK-based homeware retailer, Lakeland. Kerry Logistics will provide Lakeland with global freight forwarding services including ocean freight and supply chain solutions, as well as buyer’s consolidation services.

The logistics provider will assist Lakeland with purchase order management and supply chain visibility solutions via the Virtual Buying Office (VBO). Kerry Logistics said that its distribution network in China will play a key role in driving international growth for the retailer, which recently announced its expansion into the Australian market with the launch of 13 new locations (read more)

 

‘With GST, contract logistics business will get a boost’:

The Chief Operating Officer of Allcargo Logistics Ltd, Prakash Tulsiani is bullish on the implementation of the Goods and Services Tax (GST) regime. He hopesthe tax will bring in a new paradigm for the logistics company to operate. Excerpts from an interview.

With GST coming in, the whole of the country will become one big business unit, the artificial divisions will vanish. In the GST regime, the location of warehouses would be governed by proximity to the manufacturing facilities and not by State government taxes. Earlier manufacturers’ thinking was governed by taxes but after GST, logistics will get prominence in the entire supply chain (read more)

 

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