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iCargo Launches EU-Funded Logistics Program

iCargo web.jpg

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:  


STX Shipbuilding Wins $199m Deal

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.


IHI Cuts 1,200 Jobs

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


Huntington Ingalls Subsidiary Partners With HHIC Holdings

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


Chinese Shipyard Inks Creon Jack-up Rig Order

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.


Sharp Surge in Russian Traffic via Hamburg

Feederschiff auf dem Köhlbrand

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


Management Dynamics Hires Three Regional Sales Directors

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


Tschudi Shipping Considers Alaska Port Possibilities

Lieutenant Governor Mead Treadwell

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


General Mills Strategically placed in Port Salford

Courtesy Port Salford

  General Mills UK & Ireland – responsible for a range of market-leading brands, including Old El Paso, Green Giant, Betty Crocker and Nature Valley – is to be the first tenant at a new state-of-the-art distribution hub that will save 600,000 road haulage miles each year whilst providing a “future proof” solution to market trends.   The 280,000 sq. ft. site at Port Salford – which will be run by food and drink logistics expert Culina Group –


Massive Explosions at Port of Tianjin Kill 44

Picture: Xinhua

 A series of huge explosions shook  the warehouse at Tianjin Port International Logistics Center in the northern Chinese city of Tianjin late Wednesday, killing at least 44 people and injuring hundreds more, according to officials and state media.   The People's Daily newspaper said at least 520 people were injured, more than 60 of them seriously. As of Thursday morning, an unknown number of people remained unaccounted for in the wreckage.  


Spot Freight Rates Soar from North Europe to Asia

Photo: Maersk Line

 Spot container freight rates from North Europe to China increased by 45 percent this week, reaching a four-year high.   The “World Container Index assessed by Drewry” market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container today


Vinalines, Vinacomin Sign MoU

Photo: Vietnam National Shipping Lines

 Vietnam National Shipping Lines (Vinalines) and Vietnam National Coal - Mineral Industries Group (Vinacomin - TKV) signed a memorandum of understanding (MoU) for a strategic co-operation agreement, Viet Nam News reported.   As per the agreement


Shreyas Shipping Acquires Balaji Shipping

Image: Transworld

 India’s Shreyas Shipping and Logistics has approved plans for its subsidiary Shreyas Relay Systems (SRS) to acquire 99.9% of Balaji Shipping Lines from Transworld Holding (TWH).   Shreyas Shipping said that consequent to the said issue


MOL Promotes 'Project & Heavy Cargo'

MOL booth at Breakbulk CHINA 2016. Photo: Mitsui O.S.K. Lines Ltd

 Mitsui O.S.K. Lines (MOL) plans to further promote "MOL Project & Heavy Cargo," its brand for plant/heavyweight cargo transport services.   The MOL Group will expand "MOL Project & Heavy Cargo" activities in both Asia and Europe to enhance its initiatives


Haropa Ports sees double digit maritime trade with India

HAROPA is positioned as a major maritime hub in Europe, equipped with a competitive and sustainable logistics system. Photo HAROPA

France-based Haropa port expects maritime trade with India to grow at double digit this calendar year after having reported 7% growth in 2016, said Herve Martel, , CEO - Port of Le Havre & President- HAROPA ports.   “We have received encouraging response from the Indian policy


Newbuild Suezmax Tanker Delivered to NAT

Nordic American Tankers Limited (NAT) said it has taken delivery of Nordic Space, its second Suezmax newbuilding tanker of 158,000 deadweight tons, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea. The Nordic Space has started on her maiden voyage.


DFDS Sees Little Effect from Brexit So Far

Photo: DFDS Seaways

Ferry and logistics operator DFDS has many activities and 2,200 employees in the U.K., placing it at the heart of the ongoing “Brexit” process following the U.K.’s vote to leave the EU and making the firm an early indicator of changes in trade and passenger movements.  


d’Amico Delays Delivery of LR1 Tankers

Photo:  d’Amico ​Società di Navigazione SpA

 Tanker shipping company d’Amico Tankers agreed with Hyundai Mipo Dockyard Co.Ltd. – South Korea to postpone the delivery of its first newbuilding LR1 (Long Range – 75,000 dwt)from April 2017 to October 2017.   This agreement follows a specific request of an oil major


Fibria Inks $636 mln Ship Deal with Pan Ocean

Brazil's Fibria Celulose SA , the world's largest producer of eucalyptus pulp, signed a $636 million shipping deal with South Korea's Pan Ocean Co Ltd, according to a securities filing on Friday.   The deal, approved by Fibria's board in November


MarineLink's Joe Keefe Sounds off on Oregon Public Broadcasting

MarineNews and Maritime Logistics Professional Editor Joseph Keefe

MarineNews and Maritime Logistics Professional Editor Joseph Keefe on Thursday spent ten minutes with Oregon Public Broadcasting to discuss the fate and the future of Oregon's only deep water port. Listen in to find out more.   As ICTSI Oregon, Inc


Vard Bags Norwegian Coast Guard Maintenance Deal

Vard Langsten has delivered newbuildings and conversions for the Norwegian Defense Logistics Organization for many years. The first vessel was delivered in 1993, and the latest in 2015. (Archive photo: Norwegian Armed Forces)

Vard Holdings Limited said it has secured a framework agreement for the maintenance of five Coast Guard vessels for the Norwegian Defense Logistics Organization.  The framework agreement, assigned to Vard Langsten in Norway, includes ship maintenance and corrective maintenance of the


Marine Link's Joe Keefe Sounds off on Oregon Public Broadcasting

Marine News and Maritime Logistics Professional editor Joseph Keefe

Marine News and Maritime Logistics Professional editor Joseph Keefe last week spent 10 minutes with Oregon Public Broadcasting to discuss the fate and the future of Oregon's only deep water port. Listen in to find out more. As ICTSI Oregon, Inc


The Perfect Storm of Digitalization and Commoditization

Frank Coles, Transas CEO (Photo: Transas)

Frank Coles, Transas CEO, delivered the keynote speech at the Transas Global Conference in Malta.   We are faced with the perfect storm in the next few years. Many will conclude it is all the fault of President Trump, but in fact it is actually nothing to do with him


Myanmar Study Looks at Port Data Exchange

Photo:  International Maritime Organization (IMO)

 A feasibility study looking into the possible expansion of the Northeast Asia Logistics Information Service Network (NEAL-NET) has been undertaken in Myanmar, as part of a project co-funded by  International Maritime Organization (IMO) and China.   


Stena Impeccable Delivered to Stena Bulk

Stena Impeccable (Photo: Stena Teknik)

 Sten Bulk has taken delivery of Stena Impeccable, the 10th of 13 new IMOIIMAX tankers ordered from Guangzhou Shipbuilding International (GSI) in China.   The tanker, which is wholly owned by Stena Bulk, will be operated by Stena Weco and will sail in the company’s logistics






 
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