World's largest container ship MSC IRINA arrives at Vizhinjam International Seaport
Thiruvananthapuram (Kerala) [India], June 9 (ANI): The world's largest container ship, MSC IRINA, on Monday arrived at the Vizhinjam International Seaport in Thiruvananthapuram, Kerala. The berthing process for the vessel has begun at the port.
MSC IRINA is recognised as the world's largest container vessel by TEU (Twenty-foot Equivalent Unit) capacity.
Vizhinjam International Seaport, which is managed by the Adani Group, was recently inaugurated by Prime Minister Narendra Modi on May 2. The arrival of MSC IRINA marks a significant milestone for the newly opened port.
The MSC IRINA boasts an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping. With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times longer than a standard FIFA-designated football field.
Explicitly designed to facilitate the transportation of large volumes of containers between Asia and Europe, the MSC IRINA is pivotal in enhancing trade routes and logistics efficiency.
This vessel will be visiting a South Asian port, highlighting Vizhinjam's capabilities in handling Ultra-Large Container Vessels (ULCVs).
The port has recently welcomed other Icon-class vessels, including MSC Turkiye and MSC Michel Cappellini, further establishing its reputation as a key hub in maritime trade.
The MSC IRINA was launched in March 2023 and embarked on its maiden voyage in April of the same year.
It sails under the Liberian flag and is engineered to stack containers up to 26 tiers high, offering unparalleled capacity in container stacking.
Notably, the MSC IRINA surpasses its predecessor, OOCL Spain, by a margin of 150 TEUs. In alignment with contemporary environmental standards, the vessel is equipped with energy-saving features that contribute to reducing carbon emissions by up to 4 per cent, significantly lowering its carbon footprint while maintaining operational efficiency.
The docking of the MSC IRINA at Vizhinjam International Seaport not only highlights the port's strategic importance in global shipping but also represents a leap forward in sustainable maritime practices, setting a benchmark for future developments in the industry. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
MSC IRINA docks at Vizhinjam: World's largest container ship gets water salute; major boost for India's new deep water port
(Photo crredit: PTI) NEW DELHI: The world's largest container ship by capacity, MSC IRINA, docked at Vizhinjam International Seaport on Monday morning. Its arrival marks a significant milestone for the newly inaugurated India's first deep water port, opened by Prime Minister Narendra Modi on May 2. The vessel arrived at Vizhinjam port at 8 am and was welcomed with a traditional water salute. The ship will remain docked until Tuesday, according to port authorities. The massive MSC IRINA, with a capacity of 24,346 TEUs (twenty-foot equivalent units), reflects the growing scale of global trade and India's rising role in international commerce, according to news agency PTI. Measuring 399.9 metres in length and 61.3 metres in width, the ship is nearly four times longer than a standard FIFA football field, according to a port statement. Sharing a post on X, Karan Adani, Managing Director of Adani ports and SEZ Ltd, said, "Proud to welcome MSC Irina, the world's largest container ship with a capacity of 24,346 TEUs, to our Vizhinjam port." "This marks the vessel's maiden visit to the South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global transshipment. A bold vision now in motion," he added. The MSC IRINA, specifically constructed for transporting large container volumes between Asia and Europe, plays a crucial role in optimising trade routes and logistics efficiency. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Built with eco-friendly technology, the ship includes energy-saving systems that reduce carbon emissions by up to 4%, helping lower its environmental impact without compromising efficiency. Its arrival at Vizhinjam International Seaport highlights the port's growing global significance and marks a step forward in promoting greener shipping practices, the release noted. This inaugural visit to a South Asian port showcases Vizhinjam's ability to accommodate Ultra-Large Container Vessels (ULCVs). The port has recently serviced other Icon-class vessels, including MSC Turkiye and MSC Michel Cappellini, strengthening its position in maritime commerce. The MSC IRINA began operations in March 2023, with its first journey commencing in April 2023. The vessel can stack containers 26 tiers high, providing exceptional storage capacity. The MSC IRINA, now the world's largest container ship, is 150 TEUs larger than the previous record-holder, OOCL Spain. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
an hour ago
- Mint
RBI's rate cut bonanza, ₹26,000 crore G-Sec buyback likely to lower bond yields
Bond yields in India are expected to go down following the recent frontloaded rate cut by the Reserve Bank of India (RBI), says economists ANI spoke with. The economists noted that a rate cut is likely to influence the market to adjust to a revised and more accommodative interest rate outlook, pushing dated government securities (G-sec) yields down further. Debopam Chaudhuri, Chief Economist at Piramal Group told ANI "The frontloaded rate cut is likely to drive a further easing in dated G-sec yields as markets adjust to a revised interest rate trajectory. The RBI's shift to a neutral stance could be initially interpreted as a signal of a pause in the rate-cut cycle". He further stated that "these are likely to be short-term adjustments, and bond yields are expected to resume their downward trend once market volatility subsides". However, in the near term, some upward pressure on yields may emerge as investors may look to book profits after the rally in bond prices. Moreover, the RBI's shift to a neutral policy stance may be initially read by markets as a pause in the rate-cut cycle, which could also cause some temporary volatility in yields. Additionally, the US Federal Reserve is also anticipated to lower its terminal interest rate to around 4 per cent, creating more room for the RBI to continue with its rate-cutting approach. Dipanwita Mazumdar, Economist specialist at Bank of Baroda told ANI "India's long end yields especially the 10Y part of the curve has priced in the rate cut. Thus we expect it to be largely capped as the change in stance has hinted lesser scope for future monetary policy easing. Hence we do not expect much momentum. However, the short run part of the curve will be more susceptible to the liquidity support given by RBI especially through CRR cut. Thus we expect some prevalence of a steeper yield curve for India in the near term". In a parallel move aimed at managing its debt portfolio and supporting the bond market, the Government of India has announced a buyback of dated securities worth ₹ 26,000 crore (face value). The buyback will be conducted through an auction on June 12, 2025. It will include five securities maturing in 2026: 5.63 per cent GS 2026 (maturing on April 12), 8.33 per cent GS 2026 (July 9), 6.97 per cent GS 2026 (September 6), 5.74 per cent GS 2026 (November 15), and 8.15 per cent GS 2026 (November 24). There is no notified amount for individual securities within the ₹ 26,000 crore ceiling. The auction will be held on RBI's E-Kuber system between 10:30 a.m. and 11:30 a.m., and the results will be declared the same day. Settlement will take place on June 13, 2025. With the rate cut and the government's buyback initiative, economists believe bond yields will continue their downward trend in the medium term, providing further support to market liquidity and helping lower borrowing costs for the government.
India Today
an hour ago
- India Today
Gautam Adani earned Rs 10.41 crore in FY25: Who earned more than him?
Gautam Adani, chairman of the Adani Group, earned Rs 10.41 crore in the financial year 2024–25. This marks a 12% rise from the previous year, as per annual reports of the group's listed companies. However, even with this increase, his earnings were lower than many top executives in the corporate world, including some within his own 62, received his salary from two of the nine listed firms in the Adani Group. He earned Rs 2.26 crore in salary and Rs 28 lakh in allowances from Adani Enterprises Ltd (AEL). From Adani Ports and Special Economic Zone (APSEZ), he drew Rs 1.8 crore in salary and Rs 6.07 crore as commission, totalling Rs 7.87 the previous financial year, his total salary stood at Rs 9.26 crore, Rs 2.54 crore from AEL and Rs 6.8 crore from APSEZ. This means his earnings have gone up by over Rs 1 crore this EARNED MORE THAN GAUTAM ADANI?Despite the hike, several leading business heads in India earned much more than Adani. In FY24, Sunil Bharti Mittal of Bharti Airtel earned Rs 32.27 crore, Rajiv Bajaj of Bajaj Auto earned Rs 53.75 crore, and Pawan Munjal of Hero MotoCorp received Rs 109 FY25, Larsen & Toubro (L&T) Chairman SN Subrahmanyan took home Rs 76.25 crore, while Infosys CEO Salil S Parekh earned Rs 80.62 Ambani, chairman of Reliance Industries and the richest man in India, has not taken a salary since the Covid-19 pandemic. Before that, he had capped his salary at Rs 15 GROUP EXECUTIVES WHO EARNED MORESome of Adani's own group executives received more pay than him in FY25. Vinay Prakash, CEO of AEL, earned Rs 69.34 crore, which includes Rs 4 crore as salary and Rs 65.34 crore in perquisites and S Jaain, Managing Director of Adani Green Energy Ltd (AGEL), earned Rs 11.23 crore, while the group's Chief Financial Officer Jugeshinder Singh received Rs 10.4 APSEZ, Gautam Adani's son Karan Adani earned Rs 7.09 crore. The company's CEO Ashwani Gupta received Rs 10.34 crore. Both Karan and Gupta will get their variable pay in members of the Adani family also figure in the list of high earners within the group. Rajesh Adani, Gautam's younger brother, earned Rs 9.87 crore from AEL. His nephew Pranav Adani took home Rs 7.45 crore, and another nephew, Sagar Adani, earned Rs 7.50 crore from to the Bloomberg Billionaire Index, Gautam Adani's net worth is currently $82.5 billion. He had briefly become the richest person in Asia in 2022, but a sharp fall in Adani Group's share prices followed a report by US short-seller Hindenburg Research in regained the top spot in Asia on two occasions in 2024 but is once again behind Mukesh Ambani.(With inputs from PTI) advertisement
