PM hails role of Unified Logistics Interface Platform (ULIP) in transforming India’s logistics sector

NEWDELHI:ThePrimeMinister,ShriNarendraModihashailedthe role of Unified Logistics Interface Platform (ULIP) in transforming India’slogisticssector.

Sharing a tweet by Union Minister for Trade and Commerce, ShriPiyushGoyal,thePrimeMinistertweeted:

MSC builds 1 million TEU lead over Maersk : Alphaliner

LONDON: Mediterranean ShippingCompany(MSC)hasextendeditscapacitylead over Maersk Line, 1.5 years after surpassing its Danish rivalasthelargestlineroperator.

Following aggressive newbuilding orders, long-term vessel charters and acquisitions of secondhand vessels, MSC’s fleet now stands at around 5.13 million TEUs, nearly 1 million TEUs more than Maersk Line’s 4.14millionTEUs.

In its report, Alphaliner said that on average, MSC’s lead over Maersk has grown by a whopping 12,800TEUeveryweeksinceJanuary2022.

Orderbook projections suggest that MSC will further expand its lead at the top of the mainline operators’ leagueovertherestof2023.

Currently, the Swiss-Italian carrier is one of the main driversofoverallfleetgrowth.

Encouraged by the Covid-19-induced boom, the overordering of container ships in 2021 and 2022 is beginning to manifest itself in ever-increasing tonnage deliveries, with June setting a record for deliveries in a single month. Of the 277,873 TEU delivered in June, MSC alone accounted for 39% of this at 111,474 TEU, including two 24,000 TEU ships and five 15,000-16,000 TEUships.

Alphaliner noted that MSC has steadily expanded both fleet and network since the company was established in 1970, but the carrier’s growth has accelerated notably in the late 2010s and it went into overdrive in 2020, when Covid-19-related logistical bottleneckspushedfreightratestohistoricalhighs.

Alphaliner said, “Not only does MSC have the largest vessel orderbook (1.5 million TEUs) of all carriers, but it also acquired far more secondhand vessels than any othershippingline.MSCboughtwellover300shipsinthe last three years. About two-thirds of this capacity came asanetadditiontoMSC’sfleet.”

Newbuilding deliveries are expected to remain high in 2023 and 2024, fuelled by an orderbook of 7.6 million TEUs–or28.5%oftheexistingfleet.

Alphaliner continued, “Although new environmental regulations have created some ’artificial’ tonnage demand though mandated slow-steaming, cargo volumeswillmostcertainlynotgrowenoughtoabsorball of these new ships. Alphaliner therefore believes that large chunks of today’s vessel newbuilding pipeline will beforfleetrenewal,ratherthanfleetgrowth.”

Maersk : Whatever the budget, your cargo will fly

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COPENHAGEN:

Maersk believes in the efficient and timely transport of cargo, no matter which channel it is transported. Using Air Export Consolidation, we are able to do this using cost-saving strategies that are advantageous toourcustomers.

Our processes optimise cargo routing and expected timelines to create the perfect flow of cargo based on their destinations. Now, you can avail of this service to transport your shipmentinacost-effectiveandtimelymanner.

Additionally, we provide sea/land-air and airland/sea operations through Kuala Lumpur, Penang, Jakarta, Singapore and Manila, which make shipping anywhere in Asia a streamlined process.

With our in-house import and export customs clearance capabilities, you can save time and effort on paperworkaswell.

What is air consolidation?

Similar to other types of freight consolidation, wherein businesses consolidate their cargo via ocean or truck, air consolidation follows thissameidea.

If you don’t have enough cargo to fill a plane, the air consolidation service combines multiple shipments so customers can experience the combined efficiency and speed of air freight and the cost-effectiveness of consolidation.