iCargo, the pan-European cargo and logistics project part funded by the EU, has formally launched its three and a half year framework program. The project, formally titled “Intelligent Cargo in Efficient and Sustainable Global Logistics Operations” includes research, development, demonstration and dissemination elements designed to improve the performance of real-world logistics. Building on the success of the previous Freightwise and e-Freight frameworks, iCargo will develop an affordable, open information architecture that allows real world objects, existing systems, and new applications to efficiently co-operate. This will enable more cost effective and lower-CO2 logistics, through improved synchronisation and load factors across all transport modes including contributing to a reduction in the number of freight vehicles in urban traffic David Quesada, Co-ordinator of iCargo commented: “By ensuring extensive dissemination of research results, demonstration and pilot cases, validation activities, the results of iCargo will be transferred to the international transport logistics community immediately after the project. This will ensure that the value generated by iCargo can be adopted and utilised in the commercial cargo and logistics domain.” iCargo is a consortium of 29 European organisations including:
Ishikawajima-Harima Heavy Industries Co. Ltd. (IHI) will cut its work force by 1,200 from the current 13,200 by the end of March 2001. A spokesman said the company plans reduce its 560 administrative staff by 30 percent, including those in finance and general affairs. The comprehensive heavy machinery manufacturer will focus on aerospace, environment protection equipment, logistics and other areas that have large potential for growth, he said
SEOUL, Sept 29 Asia Pulse - South Korea's STX Shipbuilding Co. said Friday it has won a $198.6m deal to build four container carriers for a Japanese company. STX Shipbuilding will deliver the vessels for NYK Line, Japan's leading logistics company, by the end of 2009, the company said in a regulatory filing. The company, ranked seventh in the world by order backlog, earlier this week revised its order target for this year upward to 73 ships from 54 vessels.
Management Dynamics, Inc. the market leader in tariff and contract management solutions for the ocean transportation industry, today announced that the company has hired three regional U.S. sales directors to support the company's continued expansion into the shipper, freight forwarder, and Non-vessel operating common carrier (NVOCC) markets. Michael Roberts will be responsible for Rate Explorer® product sales in the Southeast region; Patrick Taylor will lead Management Dynamics' sales
Virginia Beach, Va. - Huntington Ingalls Industries announced that its subsidiary, AMSEC, has signed an agreement with Hanjin Heavy Industries and Construction Philippines Inc., a subsidiary of HHIC Holdings Co. Ltd., to work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the western Pacific region. The agreement with HHIC-PHIL allows AMSEC to benefit from Hanjin's state-of-the art shipyard at Subic Bay, Philippines
Jiangsu Yangzijiang Offshore Engineering Co. Ltd. signs contract for the rig with Creon associate company Explorer 1. The directors of Creon the resources infrastructure investment company, announce that Jiangsu Yangzijiang Offshore Engineering Co. Ltd. has entered into a contract valued at US$170-million with Explorer I Limited to construct and deliver a Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig.
GAC Group (GAC) has launched its new global supply chain management service to meet the demand for fast and efficient delivery of ship spares and marine parts. By leveraging on the group's combined infrastructure and core expertise in logistics, ship agency and marine services, GAC has created GAC Marine Logistics Inc (GML), a company dedicated to offering ship owners and spares suppliers an integrated and seamless door-to-vessel solution.
Elemica has signed a definitive agreement to acquire Stolt-Nielsen’s subsidiary Optimum Logistics Ltd. Under the terms of the agreement, Elemica will acquire the full technology platform and the ongoing business operations of Optimum Logistics. Elemica will integrate Optimum's technology into the current Elemica platform to launch a global ground, rail, container, and marine logistics solution for Elemica Network companies and will expand its Network to include logistics service providers
Russia is the second-most important trading partner for the Port of Hamburg in terms of seaborne container handling. With a total volume of approx. 675,000 standard containers (TEU) handled between Hamburg and the Russian ports, the volume of container traffic was up by a further 13.3 per cent in 2012, consolidating the lead in foreign trade with Europe and overseas via Hamburg. This positive trend is also attributable to Russia’s decision to join the WTO
Tschudi Shipping Co., one of Norway's oldest shipping firms, will begin exploring the possibility of establishing a transshipment port in western Alaska, Lt. Governor Mead Treadwell said today. Treadwell, who leads the state's work with the eight-nation Arctic Council, applauded Tschudi's decision, saying it is a tremendous step toward developing Alaska's economic opportunities related to Arctic shipping. Tschudi Shipping Co
According to a recent report from PwC, transportation & logistics, CEOs are more optimistic this year compared to last despite having some big worries, like transport infrastructure readiness. Theyre currently focusing on developing a strong workforce, where they need it
VSE Corporation informs that its International Group has received several delivery orders totaling more than $13.4M to continue work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet
Oil major BP said it entered into a joint partnership with New Zealand Refining Co Ltd and Z Energy to procure and process crude oil through New Zealand's only refinery, according to a report on Voxy's website. BP and Z Energy, the refinery's two largest customers
An £8 million investment in the Port of Liverpool’ animal feed warehouse facility makes it the largest of its type in the U.K., increasing capacity by 60% to 400,000sq.ft, allowing Peel Ports Group to add value to its customer supply chains and create effective logistics solutions
Since January 2014, the marine lubricant specialist LUKOIL Marine Lubricants Ltd. offers bulk supply of lubricant main grades in Novorossiysk, Russia’s main port on the Black Sea. On January 15, 2014 the first large order of Navigo 70 MCL was successfully delivered by barge.
The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World into London Gateway, while visiting the recently opened deep-sea container port and Europe’s largest logistics park.
Group narrows net loss; lifted by $470 million (USD) cost savings and building sale. NOL Group today reported a 2013 net loss of $76 million, improving 82 percent from a $412 million loss the previous year. The group’s full year financial results were helped by a non-recurring $200
Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won two orders worth a total of US$640-million to build eight very large gas carriers (VLGCs) for two unidentified Asia-based firms reports Reuters. The South Korean shipbuilder said in a statement both firms had ordered four gas
Crowley inform that Scott Hoggarth has been promoted to vice president, West Coast harbor ship assist and tanker escort services. He has assumed new overall responsibilities for marine operations and engineering functions, as well as commercial results for Crowley’s tug services offered in
The 12,000 barrel-per-day (bpd) Harding oil platform in the UK North Sea is being shut down as a precaution after a worker fell off and died early on Thursday, a spokesman for operator TAQA said. "Production is being shut down," the spokesman for the Abu Dhabi National Energy Co
Reuters - Yangzijiang Shipbuilding Holdings Ltd, a top Chinese shipbuilder, plans to build more mega container ships for shipowners eager to cut operating costs. Yangzijiang is China's third-largest listed shipbuilder by market capitalisation and has boasted profit margins that dwarf those of
MacGregor, part of Cargotec, says it has acquired Norwegian privately-owned Deep Water Solutions AS, a company specialising in lifting applications utilising electric multi-drive technology. "Customer requirements for environmentally friendly solutions are increasing in offshore load
ISS-Tositti, the joint venture formed at the beginning of 2005 between the independent marine services organization, Inchcape Shipping Services (ISS), and Venice-based Tositti & C., is teaming up in a new strategic partnership with the Koper-based port agency, Navigo Logistika
Reuters - South Korea's STX Offshore & Shipbuilding Co Ltd said on Monday it won a 413.8-billion won ($387.63 million) order to build eight tankers from from Navig8 Product Tankers Inc. The South Korean shipbuilder said in a statement the contract includes an option for four more tankers
American independently owned oceangoing petroleum barge company, Bouchard Transportation, has promoted Captain Robert W. Glas to Vice-President of Regulatory Affairs. Captain Glas will interact with regulatory committees and trade organizations on behalf of Bouchard Transportation Co, Inc