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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:  


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


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.


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


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.  


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 –


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


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


Grand Bahama Shipyard Stayed Busy in 2016

V Ships USA LLC Boston - CSL Acadian (Photo: Grand Bahama Shipyard)

Grand Bahama Shipyard said it enjoyed a busy 2016, performing repairs, refurbishments and retrofits on vessels from all segments of the commercial maritime industry   The Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) worked on 49 commercial vessels and 20 cruise ships throughout


Laugfs Buys Third LPG Carrier Vessel

Photo: LAUGFS Holdings

 Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas,  has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports  Lanka Business Online quoting company sources.  


Solstad Wins Contract with CUEL Thailand

Photo: Solstad Offshore ASA

 Norway’s Solstad Offshore ASA has been been awarded a contract with CUEL Limited, Thailand for the derrick lay barge DLB Norce Endeavour in the Gulf of Thailand.   According to the contract the 2011-built unit will be used for the provision of transportation and installation for


APM Terminals Mumbai Mulls DPD Service

Photo: APM Terminals

 APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ (DPD)service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance India’s access to the global logistics chain. 


Maersk, Alibaba Team up to offer Online Booking

File Image: A maersk vessel alongside working cargo (Maersk)

Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms.  


Chakraborty Appointed Branch Manager, GAC Bangalore

Mukesh Chakraborty Photo GAC

GAC Shipping (India) Pvt Ltd has appointed Mukesh Chakraborty as the Branch Manager, Logistics Services for its Bangalore office. Mukesh brings 13 years of experience in freight forwarding, customs clearance, transportation and warehousing and distribution to his new role.


ISS Expands Business with Team Tankers International

Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has greatly expanded its European business with Team Tankers International with a new port agency contract across the region.   Under the new agreement with the chemical tanker specialist


COSCO Container Lines Renamed COSCO Shipping Lines

Courtesy COSCO

COSCO Container Lines Co., Ltd. has changed its company name to  COSCO Shipping Lines Co., Ltd. (“Our Company”).   Our Company changed its official company name from COSCO Container Lines Co., Ltd. to COSCO Shipping Lines Co., Ltd. on November 18, 2016.  


TFI Acquires National Fast Freight

Image: National Fast Freight

 TFI International Inc., formerly known as TransForce Inc., a North American leader in the transportation and logistics industry, has announced that a wholly-owned subsidiary of TFI International has acquired Brampton, Ontario based National Fast Freight (NFF) from Calyx Transportation Group


Daewoo to Develop Iranian Shipyard

Image: Industrial Development and Renovation Organization of Iran

 South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) and the Industrial Development and Renovation Organization of Iran (IDRO) have signed an outline agreement to cooperate on developing the shipbuilding Industry in Iran.  


Sino-Global Shipping Enters Agreement With COSCO

Image: Sino Global

 Sino-Global Shipping America, a non-asset based global shipping and freight logistic integrated solution provider,  has announced the signing of an Inland Transportation Agreement  with COSCO Beijing International Freight Co in which COSFRE Beijing will utilize the Company's


Just One Bid So Far for STX France

Only one bid has been received so far for shipping group STX France, said a Korean court on Tuesday.   A spokesman for the Seoul court overseeing STX Offshore's receivership had said earlier in November that four parties had expressed interest in buying one or both of South Korea's STX


Wilhelmsen, Wallenius One Step Closer to Merger

Thomas Wilhelmsen, group CEO Photo Wilhelmsen

Wilhelmsen and Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier. Signing the transaction agreement is an important milestone in the merger as


NYK to Jointly Own LNG Carrier for Cameron Project

New liquefied natural gas (LNG) vessel for the Cameron LNG project photo NYK

NYK, the Mitsubishi Corporation (MC), Toho LNG Shipping Co., Ltd. (Toho LNG Shipping), and Tohoku Electric Power Co., Inc. (Tohoku Electric Power) will participate in the joint ownership of a new liquefied natural gas (LNG) vessel for the Cameron LNG project in the U.S


Incheon Port Emerges as Port for Government’s Stockpiles

Photo: Incheon Port Authority

 Korea's Incheon Port is rapidly emerging as a port for government stockpile imports due to a significant increase in imports of US edible soybeans.   Incheon Port Authority (IPA) announced  that the Korea Agro-Fisheries & Food Trade Corporation (aT) designated Incheon Port as






 
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