World's largest container ship docks at Vizhinjam in first South Asian call
The MSC IRINA, the world's largest container ship by Twenty-foot Equivalent Unit (TEU) capacity, arrived at Vizhinjam International Seaport on Monday morning, marking its maiden call at a South Asian port. The vessel will remain berthed at the port until Tuesday, underscoring Vizhinjam's growing prominence in handling Ultra-Large Container Vessels (ULCVs).This significant docking represents a major milestone for the port and India's maritime infrastructure. The MSC IRINA boasts an impressive capacity of 24,346 TEUs, underscoring its scale and importance in global trade logistics. A Twenty-foot Equivalent Unit, or TEU, is the standard unit used to measure a ship's cargo capacity. It refers to a single 20-foot-long container, the most commonly used size in global shipping. A 40-foot container, by comparison, equals 2 TEUs. The MSC IRINA's full capacity, therefore, means it can carry the equivalent of 24,346 standard 20-foot containers at one time.
advertisementThe arrival of the MSC IRINA represents a significant milestone for the Vizhinjam seaport. With a capacity of 24,346 TEUs, the ship stands out as one of the most formidable vessels in global shipping. Measuring 399.9 metres in length and 61.3 metres in width, it is nearly four times the length of a standard FIFA-designated football field.
Built to transport large volumes of cargo between Asia and Europe, the MSC IRINA plays a crucial role in enhancing trade connectivity and improving logistical efficiency. The vessel sails under the Liberian flag and is designed to stack containers up to 26 tiers high, offering exceptional volume and vertical capacity in global maritime logistics.Launched in March 2023 and commencing its maiden voyage in April of the same year, the MSC IRINA joins other Icon-class vessels such as MSC Trkiye and MSC Michel Cappellini that have recently berthed at Vizhinjam. These arrivals further consolidate the port's status as a strategic hub in international maritime trade.advertisement
IN THIS STORY#Kerala
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Watch Messi for just $4? FIFA slashes prices for Club World Cup opener
Football fans could watch Lionel Messi for as little as $4 as FIFA slashed ticket prices for the opening game of the 2025 Club World Cup in the United States. Messi-led Inter Miami will take on Egyptian club Al-Ahly at Hard Rock Stadium in Miami on June 14. FIFA extended an offer to Miami Dade College students, providing a single ticket at $20 with an additional benefit of receiving up to four free tickets, as reported by The Athletic. Email promotions are currently being distributed to Miami Dade College affiliates, following their partnership with FIFA announced in April 2024. The collaboration enables students to undertake internships at FIFA's Miami office, while the college receives exhibits on loan from FIFA's museum. According to FIFA's partnership announcement from the previous year, Miami Dade College maintains an enrolment exceeding 100,000 students. ALSO READ: Can the US successfully deliver FIFA Club World Cup 2025? Live Events When a student obtains five tickets, they can watch Messi perform at a remarkably low cost of $4 per seat. This pricing structure benefits the locals significantly, yet falls considerably short of FIFA's initial vision for this competition, which they had positioned as the premier club football tournament globally. FIFA has been selling general tickets for the newly expanded 32-team Club World Cup using a dynamic pricing model, where ticket prices rise or fall based on demand. The noticeable drop in prices for certain matches highlights FIFA's ongoing challenges in filling stadiums for the tournament, despite its global appeal. ALSO READ: Messi in spotlight as FIFA's Club World Cup 2025 set to kick off in US According to The Athletic, as of last Tuesday, ticket prices for Inter Miami's match against Al-Ahly have fallen to $55 on Ticketmaster, FIFA's official ticketing platform for the tournament. The current price represents a 50% reduction from May's rates, while January's lowest-priced seats were $230, and December's post-draw prices stood at $349. ALSO READ: FIFA Club World Cup 2025: Complete schedule, dates, timings, groups - All you need to know FIFA anticipates that these lower prices, combined with increased promotional efforts in the week leading up to the tournament, will boost attendance and excitement for the newly revamped tournament. FIFA hopes the affordable pricing will attract new fans and create a vibrant atmosphere for the tournament's debut in North America, where soccer continues to grow in popularity. But, the big question is whether this pricing strategy for the locals will succeed in attracting a larger audience or not. Economic Times WhatsApp channel )
Mint
3 hours ago
- Mint
Rupee aided by foreign banks dollar sales; Asia FX in holding pattern
MUMBAI, June 11 (Reuters) - The Indian rupee nudged higher in early trading on Wednesday, aided by mild U.S. dollar sales by foreign banks, while Asian currencies were steady after the U.S. and China agreed on a framework to ease trade tensions. The rupee was at 85.46 as of 10:00 a.m. IST, up about 0.2% from its close at 85.6025 in the previous session. The South Asian currency, alongside its regional peers, has witnessed range-bound price action over recent trading sessions as concerns over a trade war between the world's two largest economies eased, cooling volatility. At the end of two days of negotiations, U.S. and Chinese officials said on Tuesday the framework also included removing China's export restrictions on rare earths. U.S. Commerce Secretary Howard Lutnick said the framework deal puts "meat on the bones" of an agreement reached last month in Geneva to ease bilateral retaliatory tariffs. "The latest talks appear to be a constructive step forward, reducing the risk of a full-blown trade war," MUFG Bank said in a note. The positive conclusion of the talks "could help Asian currencies to consolidate their recent gains against the US dollar," the note added. Meanwhile, Indian and U.S. officials also made progress in bilateral trade talks in New Delhi, according to Indian government sources. On the day, modest dollar sales from at least two large foreign banks, likely on behalf of custodial clients, helped the rupee out, a trader at a state-run bank said. U.S. consumer price inflation data will be in focus later on Wednesday for cues on the future path of the Federal Reserve's benchmark policy rates. Interest rate futures are currently pricing in about 43 basis points worth of rate cuts over the remainder of 2025. (Reporting by Jaspreet Kalra; Editing by Harikrishnan Nair)
&w=3840&q=100)
Business Standard
4 hours ago
- Business Standard
India's state oil refiners may order tankers worth $600 mn for domestic use
The South Asian nation is seeking to bolster its domestic building capacity, with ships increasingly viewed globally as national strategic resources for energy, trade and defense. India currently has at least 40 yards, but only four have the ability to make vessels that are bigger than the medium-range tankers. Still, refiners are lukewarm to the idea of owning and operating tankers, and have approached the government for financial support, according to the people. It's more economical for the processors to charter ships, they said. Indian Oil Corp., BPCL and HPCL didn't reply to emails seeking comment. The medium-range tankers will be in the range of 50,000 to 60,000 deadweight tons, and the tender could price the ships at $55 million to $60 million each, the people said. Indian Oil Corp. is expected to own six of the vessels, while BPCL and HPCL will each own two, they said.
