SSI: Green Steel Could Be Added to Decarbonization Targets
The Sustainable Shipping Initiative (SSI) has published a green steel and shipping report calling for circularity in shipbuilding. Steel is the primary shipbuilding material, making over 75% of a vessel by weight, and the steel industry is responsible for 7-9% of global GHG emissions. Addressing steel emissions is critical to decarbonizing across the ship lifecycle, says SSI, and provides opportunities for collaboration with the steel sector and other steel demand sectors. The report identified drivers and barriers to closing the loop on steel in shipping…
German Regulators Probe Sale of Maersk Container Maker to China's CIMC
Germany's Federal Cartel Office is taking a closer look into the planned sale of Maersk's refrigerated containers maker to China International Marine Containers, a spokesman for the office said on Thursday.The office has opened an investigation into the effects the takeover of Maersk Container Industry by CIMC could have on the affected markets, it said.The Danish shipping company signed an agreement to divest its container manufacturer to CIMC in September for $987.3 million.However, regulatory authorities still need to approve the plans.
Maersk to Merge Damco, Ocean Product Units
A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.Maersk said its latest change would take effect on January 1…
Hamburg Süd Ugrades for Pharmaceutical Reefer Market
The transportation of pharmaceutical products in reefer equipment is subject to the particularly strict guidelines of the Good Distribution Practice (GDP) scheme. Hamburg Süd will be meeting the requirements with regard to calibration processes as of July and therefore be able to respond flexibly to corresponding customer wishes. The guidelines for GDP are specified by the World Health Organization as well as the European Commission. They stipulate that the temperature-regulating sensors of the reefer machinery not only monitor each other automatically, but also that calibration has to take place, and be documented, at regular intervals.
Singamas Container: Profit Down in 2014, Bullish for 2015
The world’s second-largest container manufacturer Singamas Container reported 2014 net profit which is lower than the previous year, but is expecting a better 2015 bolstered by pent-up demand from shipping lines and the firm’s investment in a gateway province between China and Southeast Asia. The Hong Kong-listed box-maker saw net profit fall 21 per cent to US$28 million (HK$217miilion), falling short of an estimated US$36.5 million in a Bloomberg poll of three analysts. Revenue jumped 20 per cent to US$1.5 billion, but this failed to translate into a higher bottom-line due to the lower selling price of the standard 20-foot dry freight containers, the firm’s main product used to carry industrial and consumer goods such as apparel, rubber and toys.
Container Manufacturer Reports Profit Plunge
World-leading container manufacturer and logistics services provider Singamas Container Holdings Limited (Singamas) has announced its unaudited interim results for the six months ended 30 June 2014. Net profit were down almost 52 per cent to US$13.28 million for the six months to June from US$27.49 million a year earlier because of unstable demand. The Group recorded consolidated revenue of US$678,745,000 for the six months ended 30 June 2014, 16.9% higher than the corresponding period of last year (1H2013: US$580,854,000). Consolidated net profit attributable to owners of the Company amounted to US$13,275,000 (1H2013: US$27,492,000), while basic earnings per share were US0.55 cent (1H2013: US1.14 cents). Mr.
US Container Manufacturer Listed Among Fastest Growing
Hoover Container Solutions, provider of liquid & bulk container systems, listed as one of Houston's top 100 fastest growing companies. Houston Business Journal's "Fast 100 List" ranks the fastest-growing private companies in the Houston area by percentage of growth in revenue from 2010-2011. Hoover has experienced 30% or greater annual revenue growth for three years in a row which is a direct result of its efforts to provide greater value to its customers. This was accomplished by expanding its product line to include larger format containers , opening new facilities closer to customers in Louisiana, Western Australia and Brazil, adding new services in tank cleaning and inventory management and technologies solutions for remote level monitoring and GPS asset tracking…
