Maersk to Split Into Two Divisions
It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses. Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate to generate growth, as it battles with the worst shipping downturn in years and a historic oil-price rout. "As announced on 23 June 2016, the Board of Directors has tasked the management of A.P. Møller - Mærsk A/S to perform a review focusing on the strategic and structural options for the Maersk Group with the objective of generating growth…
Toll to Build Two New Ships
Toll Group announced it is investing $170 million to build two new ships to support trade between Victoria and Tasmania and to meet the demands of continued growth. The new, purpose-built ships, operating between Burnie, Tasmania and Melbourne, Victoria, will provide 40 per cent more freight capacity, more opportunities to transport refrigerated freight for Tasmania’s growing chilled export market and more flexibility for customer deliveries. The new vessels will be available in late 2018 and will replace Toll’s existing ships, continuing to operate overnight services, six days per week.
Agility, Maersk Join to Slash CO2 Emissions
Agility Logistics, a leading global logistics provider, has signed an agreement with Maersk Line, to cut CO2 emissions by 15% per container transported for Agility shipments by 2020. The agreement is part of Maersk’s Carbon Pact Challenge, an initiative under which Maersk Line and its key customers work together to drive down harmful emissions and reduce the environmental impact of container shipping. As part of the agreement, Agility and Maersk will look for ways to cut emissions by shipping cargo on more fuel efficient ships…
A.P. Moeller Strategizes Purchase of DSL's Assets
The transport unit of Danish oil and shipping group A.P. Moeller, Maersk Logistics, said on Thursday it planned to buy certain activities and assets of global logistics company Distribution Services Ltd (DSL). "The deal is not yet closed and the amount would be undisclosed," Maersk Logistics said. DSL, with headquarters in both the U.S. and Hong Kong, has 200 operating offices in 60 countries and 1,500 employees. Maersk Logistics would acquire the activities, assets and related operations of DSL's storage and warehouse operations, ocean transport intermediary activities and consolidation business, it said. The takeover would significantly…
Hamburg Süd is Ocean Supplier of the Year
In August 2016, CEVA Logistics honored Hamburg Süd with the Ocean Supplier of the Year award for 2015. CEVA is one of the world’s leading non-asset-based supply chain management companies. Hamburg Süd was recognized for its strong global relationship with CEVA in combination with its dedication to ongoing operational excellence. “This award is in recognition of Hamburg Süd’s exceptional carrier services at a global and local level. The line has reinforced CEVA’s commitment to…
$70 Million Loan Facility for Navios
Navios Maritime Acquisition Corporation, announced today that it has agreed to provide a $70 million secured loan facility maturing in November 2018 to Navios Maritime Holdings Inc. The Loan Facility bears interest of 8.75%, compounded semi-annually and is secured by (1) all of Navios Holdings’ interest in Navios Acquisition, composed of 65,301,220 shares of common stock and 1,000 preferred shares (convertible into 7,676,000 shares of common stock) and (2) 78.5% of Navios Holdings’ interest in Navios South American Logistics, Inc.
Wilhelmsen Appoints Hole Business Director
Wilhelmsen Ships Service has appointed Vidar Hole to the position of Business Director responsible for the Maritime Logistics Services portfolio. Hole will drive the design, development and launch of new offers in line with the company’s strategy and identified market and customer needs, across its range of logistics services. This includes developing new services, with particular focus on more complex logistics projects to ensure that they respond to customers’ needs. In addition…
Wallenius Wilhelmsen Logistics: No Change in Long Term Ownership Structure
* The Norwegian Wilhelmsen family sees no change in the planned ownership structure in Wilh. * The current plan is that Wilh. * "I don't think their plan is to sell shares (from the planned 40 percent). There has been no indication on that. We both have good long term systems and we want to the see the effects of this in the merger and to improve the constellation", chief executive officer Thomas Wilhelmsen in Wilh.
Construction of Stockholm Norvik Port Begins
The start of construction of the Stockholm Norvik Port and Norvik Logistics and Business Park was celebrated on 16th September. The ceremony was a well-attended and festive event for both commerce and the general public. Stockholm is one of Europe’s most rapidly growing capital cities and freight volumes are constantly increasing. To facilitate the sustainable and efficient supply of goods to the region Ports of Stockholm is building a new port for rolling goods and container traffic at Norvik, close to Nynäshamn.
GT USA Adds Warehouse At Port Canaveral
GT USA, operators of Canaveral Cargo Terminal, has expanded its supply chain capabilities to serve shipping lines, along with domestic customers, with the addition of more than 40,000 square feet of covered storage now available at the Marlin Street Warehouse at Port Canaveral. The facility serves as a secure location for general warehousing, providing a full range of logistics services, including trucking, cross docking, storage and inventory control and last mile distribution.
Fitch: Maersk Gets Little Solace from Sectoral Diversification
The decision by A.P. Moeller-Maersk A/S to split into two separate divisions - Transport & Logistics and Energy - reflects the challenging fundamentals in the sectors in which it operates, and diminishing counter-cyclical benefits of operating in them in the current economic cycle, Fitch Ratings says. We do not expect the split to significantly improve the performance of the group's separate units, although the increased focus may help long-term strategy execution. We believe…
Wilhelmsen and Wallenius to Merge
Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures. “The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model. In addition to establishing a common owner and governance structure…
MN100: West Kentucky Community & Technical College
West Kentucky Community & Technical College is a SACS accredited college with an annual enrollment of 6,500 traditional and 2,897 online, long distance students that has achieved the ASPEN Institute Award on three occasions. The school is recognized as one of the leading colleges in developing and teaching degree programs through online technology to long distance learners and working from one main campus and 7 satellite campuses. This school’s Marine Technology and Logistics program is designed to be taught in an innovative environment.
DP World Signs MOU With Summa Group In Russia
Global trade enabler DP World and the Summa Group, a diversified business with significant infrastructure investments in Russia, have signed a Memorandum of Understanding (MoU) to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation. According to the MOU, the parties have decided to enter into preliminary discussions to consider the potential of a relationship between them to develop investment opportunities in ports…
DP World London Gateway Adds New Shipping Service
DP World London Gateway Port has announced a new shipping service to Australia, the Mediterranean and other key markets. CMA-CGM’s NEMO (North European Mediterranean Oceania) and Hapag Lloyd’s EAX (Europe, Australia Express) combined service will begin calling at DP World London Gateway Port in early January 2017, with CMA CGM’s Rossini as the first to call on the service. The new business will mean DP World London Gateway is handling all of the UK’s direct services to Australia.
New Marine Terminal for Delaware River
Holt Logistics Corp. says it has entered into a partnership with the South Jersey Port Corporation (SJPC) for the construction of a new, state-of-the-art marine terminal in Paulsboro, New Jersey. The announcement was made at a press conference attended by Governor Chris Christie, Senate President Stephen Sweeney, the Board and staff of the South Jersey Port Corporation, various Gloucester County executives and representatives of Holt Logistics at the future site of the facility, located at the former Paulsboro BP refinery on the banks of the Delaware River in Paulsboro, Gloucester County.
GAC, Forth Join Forces to offer Mooring, Terminal Solutions
GAC UK and Forth Logistics Marine Services (FLMS) have formed a partnership to provide mooring and related terminal services around the UK. Formed on the back of a long term contract in the River Forth with an oil major to be announced later in the year, the pairing combines FLMS’s years of marine experience with GAC’s expertise and reputation for integrity as the leading ship agent in the UK and in the River Forth. According to GAC UK MD Herman Jorgensen, the winning combination will provide “safe, strong operations with unrivalled 24/7 customer focus”.
Supply Chain & Logistics Excellence Awards A Big Hit
CII-Institute of Logistics, as a part of its continuous endeavor in driving excellence and enable in sharing best practices in logistics and supply chain management organized the maiden Supply Chain And Logistics Excellence (SCALE) Awards on 21 & 22 May 2014 at Mumbai. The Award comprised 10 categories in logistics service industry and 4 in user industry. Awards list enclosed. R Dinesh, Chairman, CII Institute of Logistics Advisory Council, Chairman SCALE Awards & JMD, TVS Sons…
ASNE will Remember Geiger, Naval Leader
ASNE Naval Logistics Symposium will include a memorial tribute to Clifford G. Geiger, Jr. Geiger was a former ASNE Vice President, longtime leader of the ASNE Logistics Committee and ASNE Gold Medal Award Winner who passed away on January 12, 2009. Geiger had a long and distinguished career in federal service with the U.S. Navy. Widely regarded for his expertise in the field of logistics; he rose to the highest rank for career executives and his positions included Senior Acquisition Logistician in the Naval Material Command, Deputy Commander for Fleet Logistics Support in the Naval Sea Systems Command and Assistant and Acting Deputy Chief of Naval Operations for Logistics.
GAC is ExxonMobil's logistics partner for Mid East
GAC Logistics, part of the world's largest independent shipping and logistics services provider, GAC Group, has signed a contract with ExxonMobil, to provide the petrochemical company with total logistics solution across the Middle East. With the signing of the contract, GAC's scope of services to ExxonMobil expands from the distribution of bulk lubricants in Fujairah to become a fully-fledged regional logistics operation providing ExxonMobil with seamless supply chain management, says Mr Dag Bore, General Manager, GAC Dubai, Logistics Services.
Crowley Merges Jarvis International Freight into Crowley Logistics
Business Unit to Now Offer Project Logistics and Global Freight Management Services to New Industries and more Geographic Locations. Crowley Maritime Corporation announced today that its recently acquired Houston-based, freight forwarding, export packing and logistics company, Jarvis International Freight, Inc., will transition into the company as a new branch of Crowley Logistics, offering project logistics and global freight management services to a wider array of industries and in more geographic locations.
Canada's Descartes Systems Acquire Dutch Software Provider
Infodis provides a rich, functional transportation management network-based solution that handles specific European logistics requirements. The solution manages both inbound and outbound purchased transportation for more than 5 million shipments per year to and from Europe, with particular strength in Europe/Asia Pacific shipping. "Logistics is a global business where local considerations play a key role in the efficiency of logistics operations," said Edward Ryan, Chief Commercial Officer at Descartes. Through the acquisition, more than 200 carriers in Europe and Asia, and some of the world's leading high-tech companies, will be connected to Descartes' Logistics Technology Platform, where more than 35,000 trading partners connect and collaborate to improve logistics operations.
CACI Named MSC Logistics Prime Contractor
CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide Logistics Services (WLS) contract. The five-year (one base plus four option years) multiple-award indefinite delivery/indefinite quantity (IDIQ) contract has a ceiling value of $37 million and represents continuing work in CACI’s Logistics and Material Readiness market area. Military Sealift Command is the leading provider of ocean transportation for the Navy and the rest of the Department of Defense (DoD)…