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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


Elemica to Acquire Optimum Logistics

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


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


Trafigura Consolidating Operations in 3 Locations

Commodity trader Trafigura said on Monday its logistics and warehouse unit Impala Terminals plans to focus its refined metals business in Antwerp, Dubai and China, exiting several sites to concentrate on places where it has greater control. Trafigura, one of the world's largest commodities traders, said Impala planned to cease operation in Taiwan, South Korea, Malaysia, Vietnam, Thailand, Turkey and Italy by the end of 2014.


Port of Amsterdam, Gujarat Strengthen Cooperation

Pic Courtesy: Port of Amsterdam

Port of Amsterdam signed a Letter of Intent (Lol) with Gujarat Ports Infrastructure & Development Co. Ltd, a subsidiary of Gujarat Maritime Board. The intention is to enhance trade between Gujarat and Amsterdam and intensify existing cooperation.  


Imabari to Construct Newbuilding Dry Dock

  In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth), Imabari Shipbuilding Co., Ltd. has decided to construct a large newbuilding dry dock of about 600m length x 80m


ISS Palumbo UK Acquires Union Transport

ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd.   The merger of the Union Transport business with ISS Palumbo and its worldwide network will enhance the combination of


Imabari to Build 20,000TEU Containerships

Imabari Shipbuilding Co., Ltd. announced it has secured newbuild orders with the cooperation of Marubeni Corporation for 11 units of 20,000TEU Ultra-Large Container Carriers, the largest type containerships in the world as of today. The new ships


Port of Indiana-Mount Vernon Sets Record

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.


Port of Indiana-Mount Vernon Bests Tonnage Records

Photo: Ports of Indiana

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.   


MOL’s Newbuilding Yahagi Maru Delivered

Shin Yahagi Maru

Mitsui O.S.K. Lines, Ltd. today announced the delivery of the coal carrier Shin Yahagi Maru, which will serve Chubu Electric Power Co., Inc. The vessel was delivered at Imari Shipyard and Works of Namura Shipbuilding Co., Ltd.  on January 22, 2015.


CEVA Opens 4th Chicago Office

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  CEVA Logistics, one of the world's leading supply chain management companies, has expanded its market presence in Chicago with the opening of a fourth facility. The company's Chicago operations near O'Hare International Airport (ORD) now encompass four facilities totaling over 650,000 sq


Taiwan Naval Fleet Adds Home-Grown Vessel

Panshih (Source: Ministry of National Defense, Taiwan)

Taiwanese Navy formally took delivery Friday of a new locally designed supply vessel that it said will help enhance Taiwan's maritime combat capabilities.   In a ceremony hosted in the harbor in Kaohsiung, the vessel was formally turned over to the Navy from local shipbuilder CSBC Corp


China's COSCO Group Returns to Profit

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China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman. The state-backed shipping conglomerate, which controls China COSCO Holdings Co Ltd , had a profit of 5.04 billion yuan ($809


DB Schenker, Maersk Line to Cut CO2 Emissions

Pic by Maersk Line

DB Schenker Logistics and Maersk Line have signed a six-year strategic agreement on reducing CO2 emissions from ocean freight. The partnership emphasizes the companies' shared commitment to sustainable growth, says a press release by DB Schenker.


Sino-Global to Acquire Tanker

RONG ZHOU

  Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the "MOU"), between the Company and Rong Yao International Shipping Limited


AsiaBio Buys Two Shipping Firms

Image by Asia Bioenergy Technologies Bhd

Asia Bioenergy Technologies Bhd's (AsiaBio) has signed a heads of agreement (HOA) with Hoe Leong Corp Ltd (HCL), Sumatec and Reachmont Logistics Sdn Bhd (RLSB) to facilitate the acquisition of Semua Shipping Sdn Bhd (SSSB) and Semado Maritime Sdn Bhd (SMSB) by the group. 


AAL Launches New Operation in Japan

Wolfgang Harms (right), Managing Director, AAL Japan, receiving AAL’s award at the 2014 AFSCAs:  ‘Best Shipping Line – Project Cargo 2014’

AAL has announced the launch of a new operation in Japan AAL said the move aims to provide services and on-ground operational support directly to customers in the country, building on AAL’s presence in Asia and driving its continued international development as a global carrier.


MOL, Mitsui Ink Charter Deal

Courtesy  Cameron LNG

  Mitsui O.S.K. Lines, Ltd. signed a contract with Mitsui & Co., Ltd. today (January 29) to charter a new 177,000m3 liquefied natural gas (LNG) carrier. This is the third newbuilding vessel chartered by Mitsui & Co., following a contract signed last September 26 for two carriers






 
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