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Logistics Supply Chain News

25 Dec 2023

Institute of Chartered Shipbrokers Welcomes New Senior Officers

Pictured l-r: Krishnan Subramaniam, Luis Bernat, Kevin Shakesheff and Punit Oza.

The Institute of Chartered Shipbrokers has officially welcomed its new senior officers at a Controlling Council meeting held in Athens, Greece.Taking over from Glenn Murphy as International Chair of the Institute is Luis Bernat. Prior to his election as Chair, Bernat has held the position of Vice Chair since 2021. He brings to the role extensive experience gained over almost 50 years in the industry. This includes, most recently, his role as Chartering Manager for TSL Shipping & Trading.

23 Dec 2022

Two Offshore Drilling Firms Set to Merge

Credit: Aquadrill

Offshore drilling firms Seadrill Limited and Aquadrill (ex-Seadrill Partners) on Thursday announced a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. When the transaction is completed, Seadrill shareholders and Aquadrill unitholders will own 62% and 38% of the common shares in the new company, respectively. Based on Seadrill's 30-day volume-weighted average share price of US$31.25 on the NYSE as of December 22, 2022, the deal…

04 May 2021

How Event-driven Technologies Can Transform the Shipping Industry

Š Wolfgang / Adobe Stock

The Suez Canal blockage laid bare many of the challenges being faced by the global shipping industry today. With 12% of global trade passing through the canal each day, the total revenue lost from delayed, damaged or lost goods due to its blockage is estimated to be up to $10 billion. Many of the organizations that faced a logistical nightmare in the face of the Ever Given blockage struggled to respond to things as they happened and make informed predictions about future occurrences…

09 Feb 2021

Crowley, Watco Team Up to Support Growing U.S. Offshore Wind Industry

Credit: Crowley

Two U.S.-based maritime & offshore services and logistics companies Crowley and Watco, are teaming up in the space of the emerging offshore wind industry in the country.In a statement on Tuesday, the two firms said they'd create a single-source terminal and supply chain management solution to support the emerging offshore wind industry."With the growing number of wind projects planned for U.S. waters, the partnership brings together industry-leading project management and logistics experts who can provide a “one-stop-shop” for owners…

24 Aug 2020

Hilburn Rejoins Crowley Solutions as VP, Business Development

Bleu Hilburn (Photo: Crowley)

Logistics executive Bleu Hilburn is returning to Crowley Solutions as vice president of business development for all government services. In this role, Hilburn will develop strategies to build a customer pipeline, qualify opportunities and manage all aspects of marketing, bid and capture management to drive growth and build deep relationships with government customers for Solutions.Hilburn, a 2015 Thomas Crowley Award winner, the company’s highest honor for employees, will start Aug.

06 Aug 2020

Insurers Discuss Container Casualty Causes

Copyright: donvictori0/AdobeStock

Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships. A recent webinar organized by the Thomas Miller managed insurance mutuals, container freight specialist TT Club and protection & indemnity insurer, UK P&I Club, revealed the diverse range of factors important to safe container ship operations and the security of the container stacks they carry.

27 Jul 2020

DP World Acquires Majority Stake in UNICO Logistics

(Photo: DP World)

Dubai-based DP World said it has agreed to acquire a 60% stake in South Korea's UNICO Logistics Co. Ltd. as the firm continues its expansion across the worldwide end-to-end logistics supply chain. The transaction, subject to regulatory clearances, is expected to close in the fourth quarter of 2020.Established in 2002 by H.J. Park and headquartered in South Korea, UNICO is one of the largest independent NVOCC (Non-Vessel Operating Common Carrier) in South Korea, with a global footprint of 25 subsidiaries in 20 countries.

13 Jul 2020

COSCO Teams up with Alibaba on Shipping Blockchain

(Photo: COSCO Shipping)

COSCO SHIPPING has signed a cooperation agreement with e-commerce company Alibaba and its FinTech affiliate Ant Financial to digitalize the shipping supply chain.The Chinese firms will research and promote the deployment of shipping blockchain in China, working to facilitate the connection of shipping, ports, logistics and finance based on the technology, and to realize data connectivity through cross chain cooperation to build a platform for systematic cooperation between the upstream and downstream industrial chains.

19 Dec 2019

The Future of Maritime Navigation

Photo: Northrop Grumman Sperry Marine

It is 70 years since the launch of the first radar under the Decca brand and today’s Sperry Marine is marking the anniversary by looking to a future that would have been hard to imagine in 1949 – or even as little as 10 years ago.Yet the changes of the last decade will be eclipsed by the transformation in the decades to come, which will accelerate as the shipping industry embraces greater digitalization and moves towards an era of smart and connected operations.In the course of 70 years…

03 Oct 2019

"Green" Ammonia's Future as a Marine Fuel

Ammonia, the same pungent solution used in fertilizers and cleaning agents, may one day be the key to transporting renewable energy around the world. There are currently a number of government and corporate projects assessing the feasibility of converting excess renewable energy from sources like wind, solar, tidal and nuclear into ammonia and then back into usable energy.In its purist form, ammonia or NH3 is composed of one nitrogen and three hydrogen atoms making it an ideal candidate to chemically bind excess renewable energy. Like several other chemical compounds, ammonia can be transported by chemical tanker in liquid form to end-users. Based on its near ambient liquification point, it may be more appealing to transport ammonia over longer distances than hydrogen.

14 Feb 2019

Inmarsat in IoT Start-Up Initiative

The provider of global mobile satellite communications Inmarsat has joined forces with two start-up programmes including Rainmaking’s Trade and Transport Impact (T&TI) and Bluetech Accelerator.The purpose is to create initiatives that directly support start-ups focused on IoT and big data innovation for improved safety, efficiency and sustainability in the maritime, ports and logistics supply chain.The programmes will fund, support and mentor start-up’s developing applications that aim to harness the power of IoT and big data to enhance safety, efficiency and sustainability. Inmarsat will collaborate with those start-ups to find a route to market via its global…

14 Dec 2018

Containerships Receives First LNG-powered Boxship

Multimodal transporter Containerships Plc announced the delivery of its first LNG-powered container vessel, M/S Containerships Nord. She was delivered to Containerships at Wenchong Shipyard, China, on 12.12.2018.A press release from the Finland-headquartered shortsea specialist said that its LNG-story started in 2013, when the decision to build the new environmentally-friendly LNG-powered vessels was taken.LNG is a relatively new fuel source, and these vessels would be the first newbuilds based on this technology to serve regularly European ports and trade, Containerships said.“By taking this decision, we accepted the challenge of building with a new technology.

26 Nov 2018

CEVA Logistics Acquires CMA CGM Log

CMA CGM is selling its freight management company CMA CGM Log for $105 million to the Swiss company CEVA Logistics. Recently CMA CGM has acquired a 30% stake in Ceva Logistic. CEVA will remain an independent and standalone listed company. This strategic partnership is aligned with CMA CGM's strategy to offer end-to-end logistics solutions to its customers, pioneering the development of integrated logistics solutions, while retaining an arm's length business relationship with CEVA.The deal is expected to close in the second quarter of 2019 pending regulatory approval.A press release from the global logistics supply chain company in both…

23 Nov 2018

CMA CGM to Accelerate Logistics Strategy with CEVA

French container transportation and shipping company CMA CGM said that by strengthening the partnership with the global logistics supply chain company CEVA Logistics,  it is actively engaging its logistics strategy.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group said: "Our ambitious development project for CEVA was approved by its Board of Directors. Subject to approval from the regulatory authorities, this project will accelerate CEVA’s transformation, making it a more efficient logistics leader, to the benefit of its customers, employees and shareholders.""Via a takeover bid, we hope to obtain the majority of CEVA's share capital and unleash its full potential…

12 Nov 2018

Yang Ming Cuts Losses, Optimizes Fleet

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation  said that its 3rd quarter net loss after tax for Q3 was USD 30 million, a reduction of 76.16% compared to last quarter, and USD 220 million for the nine-month period.However, in Q3 2018, Yang Ming posted consolidated revenues of USD $1.3 billion, a growth of 15.2% compared to the second quarter of the year.According to a press statement Yang Ming, one of the main reasons for the loss was an “unfavourable supply-demand balance”, with weakening freight rates and escalating bunker prices adding $134 million to the carrier’s operating costs.Meanwhile, the Keelung-based shipper said that it will introduce four 14…

12 Apr 2018

Africa’s Ports Can Accelerate Growth: PWC

Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to advance trade and promote overall economic development and growth is therefore vital – particularly in emerging economies that are currently under-served by modern transportation facilities. However, port investment must be channelled appropriately to ensure financial sustainability and economic growth. Investment is not always about building new ports or…

20 Apr 2017

New Venture Aims to Uproot Shipping’s Status Quo

Nisomar CEO Captain Claus Hyldager (Photo: Nisomar)

With a belief that innovation in shipping has fallen well behind other sectors, new entrant into the maritime industry Nisomar has launched a range of services for ship owners, operators, brokers, charterers and financial institutions. Nisomar said it has pioneered a method of collecting global shipping data and created proprietary technology, based upon technology that generates highly accurate business-critical data. The firm will derive insights from big data to offer analytics that support business decisions…

02 Mar 2017

JNPT to Support Direct Port Delivery Facility

Indian government is exhorting importers to use the Direct Port Delivery (DPD) facility, an initiative aimed at reducing dwell time and transaction costs, reported PTI. According to Ministry of Shipping, the Direct Port Delivery (DPD) is a major initiative of the Centre under programmes like Make in India and Ease of Doing Business and very important drive for reduction of dwell time and transaction cost. In a workshop on “Direct Port Delivery at Indian Ports-Challenges & Opportunities”, organized by Bureau of Research on Industry & Economic Fundamentals (BRIEF) in New Delhi, Neeraj Bansal, Dy.Chairman, Jawaharlal Nehru Port (JNPT) gave presentation on “ Initiatives and roadmap towards Direct Port Delivery at JNPT”. Bansal highlighted that DPD is a major initiative of Govt.

05 Jan 2017

APM Terminals Mumbai Mulls DPD Service

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. The streamlined Direct Port Delivery protocol can result in substantial savings of time and money for importers by reducing container dwell times after vessel discharge. In the past, import containers were sent to Container Freight Stations (CFS) 1-1.5 days after arriving by vessel. Next, depending on the completion of import procedures and clearances with shipping lines, custom house agents, Customs, consignees and CFS operators, the cargo was then delivered to the end user after an average dwell time of 9- 10 days.

09 Dec 2016

India for Optimum Utilization of Shipping Sector

The Ministry of Shipping, India has prepared a Vision Document for “Coastal Shipping, Tourism and Regional Development” for optimum utilization of the shipping sector and coastal resources. The document envisages increasing the share of Coastal/Inland water transportation, development of coastal shipping as part of an end to end logistics supply chain, integration of inland waterways with the coastal routes and development of regional centers to generate cargo for coastal traffic. Further, a National Perspective Plan for comprehensive development of India’s coastline and maritime sector has also been prepared under the Sagarmala Programme. The development of National Waterways will also take place in a phased manner.

05 Oct 2016

Maersk Supply Service Names Karstensen CEO

Steen S. Karstensen (Photo: Maersk)

Steen S. Karstensen has been appointed CEO of Maersk's offshore services arm, Maersk Supply Service, with effect from October 24. Karstensen comes from a position as Chief Procurement Officer and takes over from Jørn Madsen, who was recently appointed CEO of Maersk Drilling, effective November 7. Karstensen joined the Maersk Group in 1986 and has had led a 30-year-career with the company in procurement, logistics, supply chain, in-house consultancy and other cross-functional areas.

16 Jun 2016

PSA Singapore Named Best Seaport in Asia

Port operator PSA International was named the best global container terminal operating firm for the second year running, in the 2016 Asian Freight, Logistics & Supply Chain Awards held in Shanghai. PSA also received the “Best Container Terminal – Asia (Over 4 million TEUs)" award. “The Port of Singapore clinched the award for its leading performance on a range of criteria including cost competitiveness, container shipping-friendly fee regime, provision of suitable containing shipping-related infrastructure, timely and adequate investment in new infrastructure to meet future demand and the facilitation of ancillary services,” the Maritime and Port Authority of Singapore (MPA) said in a press release.

17 May 2016

Matson Launches China to New York LCL Service

Matson Logistics Supply Chain Services is expanding its less-than-container-load (LCL) capabilities by offering direct fast transit from China to the New York and New Jersey markets. The service is based on Matson’s China-Long Beach Express (CLX) service, which offers express Transpacific trade, and partners with JAD International for expedited coast-to-coast transport. “We listened to our clients’ needs and in collaboration with JAD International, we are proud to bring this premium service to the market,” said Jeffrey Ivinski, director of sales and marketing for Matson Logistics Supply Chain Services. “Matson created an alternative to costly air freight to the West Coast and now we are bringing expedited service to the important New York metro market.