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Supply Chain Management News

26 Feb 2024

New Agreement to Kickstart Salem Offshore Wind Terminal

(Image: Crowley)

The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement will kickstart the transformation of the site into the second port built specifically to support the construction of offshore wind farms in Massachusetts. The Salem Offshore Wind Terminal will also support the construction and installation…

03 Jan 2024

Ocean Cargo Rates Climb After New Red Sea Ship Attacks

© Sergey Novikov / Adobe Stock

Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route.Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November in a show of support for Palestinian Islamist group Hamas fighting Israel in Gaza. It has forced ships to reroute around the southern tip of Africa…

05 Dec 2023

Austal USA Names Blastos VP of Supply Chain Management

(Photo courtesy of Austal USA)

Austal USA has named Jim Blastos as vice president supply chain management, with responsibility for the company’s procurement, strategic sourcing, warehousing, logistics, material management and production control activities.Blastos has over 25 years of experience in developing strategic organizational transformation, collaborative solutions and operational processing. He has held leadership positions in supply chain and operations in the U.S. Navy and industry, including Overhead Door Corporation…

08 Nov 2023

3D Printed Spare Part Cuts Downtime for Wallenius Wilhelmsen's RoRo Vessel

CAPTION Pelagus 3D delivered a Return Oil Standpipe at Kobe, Japan, to be installed on vessel TYSLA - Credit: Pelagus

Pelagus 3D said Wednesday it had delivered a Return Oil Standpipe at Kobe, Japan, to be installed on Wallenius Wilhelmsen's RoRo vessel TYSLA. The collaboration involved Kawasaki Heavy Industries and Wilhelmsen Ship Management.Traditionally, the procurement, fabrication, and delivery of specific spare parts has been a time-consuming process, often leading to costly downtime for the maritime and offshore industries. However, with the advent of Additive Manufacturing (AM), also known as 3D Printing…

17 Oct 2023

Rolls-Royce to Cut Up to 2,500 Jobs

© thomathzac23 / Adobe Stock

Rolls-Royce (RR.L) said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to revamp one of Britain's most prestigious engineering companies.Over the last decade, Rolls-Royce, whose engines and systems are used on the Airbus A350 and Boeing 787 as well as ships, submarines and in power generation, has been through several restructurings, axing more than 13,000 jobs.Tufan Erginbilgic, who took over in January, is the latest CEO to try to tackle the company's inefficiencies.

22 Sep 2023

Shapoorji Pallonji Energy Unveils 'Sterling Streamline' FPSO Hull Design

Ravi Shankar, Director & CEO of Shapoorji Pallonji Energy Private Limited - Image Credit:Shapoorji Pallonji Energy Pvt Ltd (SPE)/AdobeStock

Shapoorji Pallonji Energy Pvt Ltd (SPE), on Friday unveiled a new generation of its standardized newbuild Hull concept design for large FPSOs called Sterling Streamline."SP Energy, India’s sole specialist in designing, building, owning and operating Floating Production Storage and Offloading (FPSO) units, is developing this new hull design that it believes would be an appropriate off-the-shelf solution for the offshore industry," the company said.“The new FPSO hull design signifies SPE’s commitment to drive efficiency across all aspects of the project.

25 Aug 2023

Meyer Appoints Group CEO

Bernd Eikens

Meyer Group has appointed Bernd Eikens as Group CEO starting in December 2023.Eikens has worked in different management positions for UPM-Kymmene for 25 years, since 2013 as a member of the group executive team. His international career includes positions in the US, China, Germany and Finland. Most recently, he headed the successful implementation of a pulp mill project in Uruguay with an investment volume of $3.5 billion.He has been a member of the Meyer Turku advisory board since 2019 and…

26 Jun 2023

Taylor Named Austal USA COO for Transformation

Austal USA promoted Christy Taylor to the newly established position of Chief Operating Officer for Transformation.  Photo courtesy Austal USA

Austal USA promoted Christy Taylor to the newly established position of Chief Operating Officer for Transformation. She will report to Austal USA president Rusty Murdaugh, and oversee Human Resources, Production Control, IT and Supply Chain Management operations in addition to other business integration, leadership, and strategy roles. Her focus will be developing and integrating companywide systems and processes while identifying and enabling synergies across these functions…

21 Jun 2023

K+S and Swire Bulk Commit to Emissions Reduction

(Photo: Swire Bulk)

Mining company K+S Aktiengesellschaft and shipping company Swire Bulk announced a formal partnership to develop decarbonization solutions in an effort to decarbonize their operations and drive reductions in greenhouse gases in the maritime supply chain.Patrick Lieberam, Senior Vice President Supply Chain Management of K+S, shared, “As a mining company, K+S is aware of its responsibility and in the area of logistics, will stand by the side of its long-term partner Swire in the implementation of zero emissions and provide support in all areas.

08 May 2023

CMA CGM to Buy Bollore Logistics Unit for $5.5 Billion

© Björn Wylezich / Adobe Stock

French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.CMA CGM granted the Bollore group an option to sell it the logistics business, which generated more than 7 billion euros in revenue last year and employs 13,500 people.Bollore said it would decide whether or not to exercise the option after consulting employee representatives.The…

18 Apr 2023

CMA CGM Offers $5.5 Billion for Bollore Logistics Unit

© dbvirago / Adobe Stock

French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday.For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid to offer end-to-end transportation services and supply chain management.The business posted more than 7 billion euros in revenue last year and has 15,000 employees.News of the indicative offer, made on a cash free and debt-free basis, boosted Bollore's shares.Bollore disclosed it following a report in shipping publi

12 Apr 2023

Crowley Invests in Asset-Sharing Logistics Platform Start-Up

Source: Crowley

Crowley has invested in REPOWR, a logistics-technology start-up, bringing a technology platform for equipment and asset usage and sharing to the supply chain industry.The platform enables companies to seamlessly share logistics equipment, increasing performance while reducing the environmental impact of ownership. Through the partnership, the companies will advance sustainable solutions for supply chain management for a wider market.REPOWR has developed the collaborative asset-sharing platform to connect logistics companies with more data and analytics to reduce underutilized assets.

18 Jan 2023

Crowley, ESVAGT to Build Service Operation Vessel for U.S. Offshore Wind Ops

©Crowley

U.S. maritime services company Crowley and Danish offshore service company ESVAGT will jointly build and operate a service operations vessel (SOV) under a long-term charter with Siemens Gamesa Renewable Energy. The vessel will serve in the U.S. offshore wind market.Under the new contract, Crowley will manage and crew the SOV to support Siemens Gamesa’s service operations on the Dominion Energy Coastal Virginia Offshore Wind (CVOW) project. ESVAGT, based in Denmark, will support Crowley with design…

09 Jan 2023

Some Ocean Shipping Rates Collapsing, but Real Price Relief is Months Away

© angeldibilio / Adobe Stock

Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said.Spot rates, which cover anywhere from 10% to 40% of ocean container shipments and are considered a key indicator of the industry's health, are in free fall as recession looms and the pandemic-fueled U.S. import bubble deflates.The cost to send a container from Asia to the United States on the demand-sensitive spot market has tumbled more than 80% from its September peak above $20…

09 Sep 2022

MacGregor to Supply Deck Handling Solutions for Van Oord's New WTIV

(Image: Van Oord)

MacGregor, part of Cargotec, has been chosen to supply two auxiliary offshore telescopic cranes for Van Oord’s new generation wind turbine installation vessel. The new vessel will mainly operate to support European wind farms.The vessel is being built by Yantai CIMC Raffles Offshore Ltd, and is a new generation of wind turbine installation vessel (WTIV). The 175-meter offshore installation vessel will be purpose-built for the transport and installation of foundations and turbines at offshore wind farms. The main crane lifting capacity is more than 3,000 tonnes.

24 Aug 2022

Chinese Yard Orders ABB Propulsion System for Giant Offshore Wind Installation Vessel

Van Oord offshore wind installation Jack Up vessel. Image credit: Van Oord

China's Yantai CIMC Raffles Shipyard has ordered an integrated power, automation, and propulsion system from ABB for a newbuild offshore wind installation jack-up vessel (JUV) being built for the Dutch marine contractor Van Oord.The vessel, Boreas, is due for delivery to the owner in the second part of 2024, and it is said that it will be one of the largest and most technologically advanced hybridized units of the type in operation, measuring 175 meters in length. It will be able to lift over 3…

21 Aug 2022

Conflict in the South China SeaThreatens Australia’s Fuel Imports

© Patrick / Adobe Stock

China’s saber-rattling around Taiwan underlines the need for Australia to be prepared for conflict in the South China Sea.With its growing navy and air force, and the bases it has built throughout the area, China is increasingly capable of disrupting shipping lanes crucial to Australia’s exports and imports.Chinese military bases across the South China Sea (© OpenStreetMap contributors)Of particular concern is our reliance on liquid fuels imported via South China Sea shipping routes. This reliance has become more pronounced over the past few decades as all but two local refineries have closed.

04 Aug 2022

Shift Clean Energy Names Hughes COO

Mark Hughes (Photo: Shift Clean Energy)

Energy storage solutions company Shift Clean Energy announced it has named Mark Hughes to its its executive team as chief operating officer.Hughes brings a background in manufacturing and supply chain management, and a wealth of international experience growing companies and leading operational improvement programs across a range of industries from automotive to aerospace. He will support Shift in its growth to provide the marine and industrial industries with energy storage solutions…

04 Aug 2022

Nautilus Labs Hires Sundsted as CTO

Todd Sundsted (Photo: Nautilus Labs)

Nautilus Labs, the technology firm unlocking commercial decarbonization for the ocean supply chain, announced the designation of Todd Sundsted as Chief Technology Officer (CTO).In his new role, Todd Sundsted, who is based in New York, will lead product development, engineering, and data science, including the enhancement of Nautilus’s AI capabilities and best-in-class machine learning models. Prior to joining Nautilus Labs, Sundsted was CTO at Odeko, which builds smart mobile ordering and supply chain management software for coffee shops and cafés…

20 Jul 2022

Newport News Shipbuilding Announces Leadership Changes

Left to right: Matt Needy, Bryan Caccavale and Cullen Glass (Photo: HII)

HII’s Newport News Shipbuilding division announced several promotions “designed to optimize its shipyard operations and accelerate execution”.“We have been on an aggressive journey to transform the way we run our business. Accomplishing this transformation while running our complex business is not a simple task,” said Jennifer Boykin, president of Newport News Shipbuilding. “Our Navy customer expects us to deliver ships on time and on budget so they can meet the evolving demands of the global security environment.

20 Jun 2022

Digitalization: Leveraging Digital Innovation in Offshore Energy

Copyright Gorodenkoff/AdobeStock

There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations, today’s offshore energy markets are fluid and fast-changing, and the ‘business as usual’ model will not necessarily yield the best future results.AI, automation and data-driven solutions are helping companies across industries to reduce costs, improve efficiency and cut emissions.

10 May 2022

DB Schenker to Launch Un-Crewed Coastal Container Feeder in Norway

Credit: Naval Dynamics AS

Supply chain management and logistics solutions firm DB Schenker plans to build a fully-electric, zero-emission, un-crewed coastal container feeder to serve the route between Ikornnes quay and the Port of Ålesund in Norway. DB Schenker, and its cooperation partners, the furniture giant Ekornes and vessel designers Naval Dynamics, in addition to KONGSBERG and Massterly, aim to replace the traditional feeder vessels utilized along this stretch of the Norwegian coastline.The new autonomous and electric…

25 May 2022

World’s Biggest Port is Returning to Normal, but Supply Chains Will Get Worse Before They Get Better

Credit: evening_tao

Shanghai is slowly emerging from a grueling COVID lockdown that has all but immobilized the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been canceled, postponed, or rerouted to other Chinese mega-ports such as Ningbo-Zhousan.With the city due to fully reopen on June 1, the port is going to be in overdrive as manufacturers try to fulfil backlogs, with serious knock-on effects around the world.