Cargo Transportation News

CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S. trade, CMA CGM transports over 5 million shipping containers to and from the country each year.Rodolphe Saadé, Chairman and CEO of CMA CGM Group…

Damen Shipyards Group has announced the introduction of a new range of naval support vessels, set to improve replenishment and logistical capabilities.The Logistics Support Ship (LSS) series will play an important role in extending the operational reach of naval forces, enabling sustained deployment and enhancing logistical support capabilities.The LSS range consists of two vessel types, the LSS 9000 and LSS 11000, 127 and 140 meters in length, respectively.Damen has designed the vessels to meet the diverse needs of the modern navy.

Thecla Bodewes Shipyards  signing of a shipbuilding contract with Navigare Shipping, a family-owned shipping company from the Faroe Islands four new vessels, the start of a fleet renewal process for Navigare Shipping. This is the first newbuild series order for the shipowner.The GADUS 5600, designed by Thecla Bodewes Shipyards, is designed and built to revolutionize cargo transportation and embodies efficiency, sustainability, and versatility, sporting a diesel-electric propulsion system to deliver performance and fuel efficiency.

Rand Logistics, a dry bulk shipping group operating on the Great Lakes, announced on Wednesday that it has reached a deal to acquire Andrie from Auxo Investment Partners, marking the company's expansion into liquid bulk shipping. Financial terms were not disclosed.Andrie, based in Muskegon, Mich., transports specialty liquid products such as asphalt, cement, refined oil products and calcium chloride, connecting North American production assets with distribution networks throughout the Great Lakes region.

EST-Floattech will be providing the battery system for the purpose-built electric-landing utility vessel (E-LUV) to be built at Coastal Workboats’ new yard Stornoway. The company will also provide the shore-based power supply system.The collaboration with Coastal Workboats Scotland is realized due to Coastal Workboats receiving a £6 million (€7 million) grant to demonstrate the UK's first commercial electric workboat and charging station from the Clean Maritime Demonstration Competition.The BV-classed E-LUV is set to be the UK's first commercial electric workboat.

Caterpillar Marine announced it is working with Serco Inc., a provider of professional, technology, engineering and management services, to advance the use of autonomous vessels for naval applications. The initiative supports the Defense Advanced Research Projects Agency’s No Manning Required Ship (NOMARS) project.Autonomous unmanned vessels represent an opportunity to protect crews from the inhospitable, dangerous environment encountered at sea. This technological advancement not only promotes safety but also cost savings…

As zero carbon cargo efforts are progressing, it is becoming more apparent that the lowest hanging fruit is in the last few miles. This is where a large amount of carbon is expended in delivering small parcels to stores and consumers’ doors.This is particularly apparent in dense pack cities like New York City, where delivery vans clog streets and water crossings. The NYC Economic Development Commission recently issued a Request For Expression of Interest in waterborne micro cargo delivery.

Swire Projects, the projects and heavy lift shipping arm of Swire Shipping, has officially launched a dedicated semi liner service connecting East Asia with the West Coast of North America.Previously offered on an ad hoc basis, the service will provide enhanced cargo connectivity and support the growing demand for reliable breakbulk and project cargo transportation into the West Coast and a gateway to the interior of the Continent avoiding the need to route cargo via the Panama Canal.Swire Projects' semi liner service connects the base ports of Qingdao and Taicang in China and ports en route…

Dutch marine services provider Seacontractors announced it has acquired two secondhand anchor handling tugs from Boskalis.Classed by Bureau Veritas with an unrestricted sailing area, the 2013-built Seraya and Sentosa each offer 120 tons bollard pull capability. They are able to carry 860m3 of fuel and provide a generous deck space of 200m2. Both 51.8-meter-long vessels have accommodation on board for 24 persons. Moreover, their fully integrated fire fighting systems enhance their…

DNV has released the 7th edition of its Energy Transition Outlook highlighting that global energy-related emissions are still climbing and are only likely to peak in 2024. “The pace of the transition is far from fast enough for a net-zero energy system by 2050,” states the report.Over the last five years (2017–2022) renewables met 51% of new energy demand and fossil sources 49%. In absolute terms, fossil-fuel use is still growing.“Our prediction is that emissions from oil use will peak in 2025 and those from natural gas in 2027,” says Remi Eriksen, Group president and CEO.

SAL Heavy Lift said Friday it had chartered two modern semi-submersible deck carriers, the “Zhong Ren 121” and “Zhong Ren 122” on a long-term basis together with its partner Shanghai Salvage (China). "Both ships will be delivered in Shanghai between December 2023 and February 2024 and marketed through the Jumbo-SAL Alliance," Sal Heavy Lift said.“We don’t use the term ‘milestone’ lightly – but, in this case, it’s more than appropriate. This project is extremely important to us as a group, both commercially and strategically,” says Dr Martin Harren, CEO of SAL Heavy Lift and the Harren Group.

U.S. based shipping and logistics company Crowley announced it has acquired Tamarind Consolidated, a logistics services company serving the U.S. to the British Virgin Islands.The acquisition will transition Tamarind’s operations and services, including warehousing and non-vessel operating common carrier (NVOCC) services, to Crowley. According to Crowley, the expansion complements its existing maritime and logistics solutions and will expand solutions for customers in Virgin Gorda and surrounding BVI locations.

Florida Marine Transporters LLC Holdings has completed a refinancing with  a unit of TCW Asset Management Company LLC.Investment bank Carl Marks Advisors announced it facilitated the transaction.FMT, headquartered in Mandeville, La., is one of America’s largest independent, family-owned, Jones-Act-compliant marine transportation companies, providing liquid petrochemical, chemical cargo, and dry cargo transportation services in the inland waterways of the United States, primarily the Gulf intercoastal Waterway and Mississippi River System.

Yinson GreenTech (YTG), a green tech investment branch of the Malaysian FPSO giant Yinson, has announced its strategic investment in a Norwegian startup specializing in autonomous solutions for the maritime industry called Zeabuz."The investment provides the foundation for YGT to work closely with Zeabuz in the development of autonomous solutions for YGT’s future fleet of electric vesselsm," Yinson said, without sharing info on the size of the investment.Eirik Barclay, Chief Executive Officer of YGT…

Ammonia power solutions company Amogy announced it is partnering with Southern Devall to trial its ammonia-to-power technology for the first time in the maritime market as the industry strives to reduce its vessel emissions.Amogy’s proprietary ammonia-to-power system converts ammonia into hydrogen for use in fuel cells or as a more energy dense method of long-distance hydrogen transportation. The system, already demonstrated in a farming tractor and aerial drone, is now being scaled for use in larger applications…

Rarely does a vessel come along with the potential to radically change the way an industry operates, but one such vessel is set to hit the water in 2023.This new vessel, a towboat named Hydrogen One, is being developed by Louisiana-based Maritime Partners, the largest lessor of marine equipment in the U.S. It will be the first of its kind globally to run on emissions-reducing methanol-to-hydrogen generator technology—no diesel propulsion on board—as the maritime industry continues…

Jeffersonville, Ind.-headquartered marine transportation company American Commercial Barge Line (ACBL) is expected to operate Hydrogen One, a first-of-its-kind towboat that will run on emissions-reducing methanol-to-hydrogen generator technology—without diesel propulsion.The groundbreaking vessel is being developed by Louisiana-based Maritime Partners, the U.S.' largest lessor of marine equipment, and will be built by Intracoastal Iron Works in Bourg, La. for launch in 2023 as…

Nippon Yusen Kabushiki Kaisha has upgraded its financial outlook for the fiscal year ending March 2023, projecting higher revenue and operating profits across the board in light of changing market conditions across multiple sectors it serves, inculding containershipping and bulk carriers. In a statemetn the company said:"The forecast at the beginning of the current fiscal year assumed a decline in demand related to general consumer goods considering lockdowns in China, the turmoil of the situation in Russia and Ukraine, and the acceleration of global inflation.

Indonesia's state oil company Pertamina's new unit, Pertamina International Shipping (PIS), is looking to spend $4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday.The new unit plans to replace 23 vessels and expand its fleet, to ensure compliance with the latest International Maritime Organization standards and eventually serve other regional companies, said its director of business planning, Wisnu Medan Santoso."There are many oil and gas players in ASEAN who do not have their own shipping arm, we see this as an opportunity," Wisnu told Reuters, referring to countries of the Association of Southeast Asian Nations."We have a large captive cargo, we have a large economy of scale.

Finnish marine equipment and technology company Wärtsilä said on Thursday it is working to develop an autonomous, emissions-free intra-port, inter-terminal container shuttle that would help address the emerging capacity bottleneck for internal container transportation.The project is part of an international alliance headed by the Port of Rotterdam Authority, which has this month been awarded nearly €25 million in EU funding to implement projects aimed at sustainable and smart port logistics.

Stena Bulk invests in the future, a future defined by decarbonization in the shipping sector. Erik Hånell, President & CEO, Stena Bulk discusses the plan, the path and the costs.While the majority of shipowners still struggle to pick the technological path toward meeting emission reduction targets in the coming 30 years, one company, Stena Bulk which today has about 110 tankers (30% owned, 70% managed) generating about $1.4B in revenue annually, recently unveiled its roadmap toward decarbonization…

MSC Mediterranean Shipping Company is introducing the electronic bill of lading (eBL) for its customers globally following a successful pilot phase of the independent blockchain platform.The eBL enables shippers and other supply chain stakeholders to receive and transmit the bill of lading document electronically, without any change or disruption to day-to-day business operations, potentially saving the industry billions of dollars, the Swiss-headquartered container shipping giant…

As shipping companies face mounting societal and regulatory pressure to decarbonize, innovative alternative designs are expected to become the norm rather than the exception. Stena Bulk unveiled the InfinityMAX hybrid bulk carrier concept, intended to push the boundaries for zero carbon, multi-modal vessel design. It is electric and modular, designed to enable sustainable, zero carbon, efficient and flexible seaborne transportation.The concept is designed to carry both dry and wet cargoes in modular compartments…