CN Rail Acquires Trucking Company TransX
Canadian National Railway (CN) has signed a deal to acquire the Winnipeg-based TransX Group of Companies, one of Canada’s largest and oldest transportation companies.“We are pleased to have concluded this important transaction that allows us to deepen our supply chain focus and to continue to offer the best services to our customers, from the first mile to the last mile. This transaction will support the safe and efficient movement of our customers’ goods to their end markets in a fast-growing consumer economy…
Vancouver Port Cargo Volumes Hit Record in 2018
The Vancouver Fraser Port Authority has released the 2018 year-end statistics for cargo through the Port of Vancouver. The second consecutive year of record cargo volumes reflects Canada’s growing trade, said a press release.Overall cargo volume through Canada’s largest port reached a record high of 147 million tonnes, up 3.5 per cent from 2017, it said."One of the port’s biggest strengths continues to be the ability to accommodate the most diversified range of cargo of any port in North America.
Global Shipbuilding Market to Grow 2% by 2023
Analysts forecast the global shipbuilding market to grow at a CAGR of over 2% during the 2019-2023 period.According to Technavio analysts, one of the key factors contributing to the growth of the global shipbuilding market is the increasing seaborne trading."In the last couple of decades, the shipping industry has recorded an increase in the total trade volume. Rapid industrialization and the liberalization of economies are the prominent factors propelling trade volumes between two countries…
Chinese Imports to US Ports Peaking Early
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs"…
China's Export Growth Steady, Import Growth Faster
China maintained solid export growth of 12.6 percent in May, slightly slower than in April, but still providing good news for Beijing's policymakers as they deal with tough trade negotiations with Washington.Imports also rose more than anticipated in May and at the fastest pace since January, with the data coming at a time when China has pledged to its trade partners - including the United States - that steps would be taken to increase imports.China, the world's largest exporter…
New Venture Aims to Uproot Shipping’s Status Quo
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…
Hanjin Says US-bound Ship is Being Held 'Hostage'
A lawyer for Hanjin Shipping Co Ltd , the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea. "There is no clear visibility yet on what will happen with this business," Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating. Hanjin, the world's seventh-largest container line, filed for bankruptcy last month, leaving more than 100 ships and their cargo at sea and threatening to snarl U.S. freight traffic as the year-end shopping season approaches. Some ships chartered to Hanjin have been sold and more are up for sale.
Port of NY/NJ Deepened for Larger Box Ships
The Port of New York & New Jersey, in partnership with the U.S. Army Corps of Engineers, has completed a $2.1 billion Main Navigation Channel Deepening Program in order to facilitate the next generation of larger containerships calling the port following the expansion of the Panama Canal. The Port of New York and New Jersey serves as the gateway to one of the most concentrated and affluent consumer markets in the world. The Main Navigation Channel Deepening Program creates a safe…
Retlif Expands Into North Carolina
Independent compliance and testing organization Retlif Testing Laboratories announced it has expanded with a new location in Concord, North Carolina to answer a growing regional need for testing services. The new laboratory, established after two years of searching for an ideal location, will initially offer pre-compliance evaluation Electromagnetic Interference/Electromagnetic Compatibility services, including EMI, EMC, Lightning testing and Electrostatic Discharge (ESD). The EMI test standard for the Department of Defense is MIL-STD-461, while the EMI test standard for the Commercial Aviation Industry is RTCA DO-160. Other available services include ESS regulatory consulting and documentation, as well as extensive engineering services.
DSM Dyneema Names President’s Successor
Gerard de Reuver has elected to step down as President of DSM Dyneema on August 1, 2015 after five years in the post, the company announced today. He will be succeeded by Golnar Motahari Pour, a German national with extensive global management experience. The transition will begin immediately, and be completed by the end of next month. As of August 1, 2015, Gerard will take on a new role in a corporate culture project, reporting to Dimitri de Vreeze, member of the DSM Managing Board. Gerard, a Dutch national, joined DSM in 2002 as Business Unit Director for Anti-Infectives.
Say No to Maritime Silk Road China: Indonesian leader
Sultan of the Yogyakarta Sultanate in Indonesia Sri Sultan Hamengkubuwono X asked President Joko Widodo to reject the Chinese government bid to link the World Maritime Axis (Indonesia) with the Maritime Silk Road (China), reports Antara News. Chinese offer for cooperation in the Maritime Silk Road framework could make the Indonesian nation become consumers of their products, he said. "Maritime Silk Road from China is the logistics of the country's path to another country, therefore if their bid is accepted, then it would make Indonesia into China's consumer products forever," said Sri Sultan.
CMA CGM Takes Delivery of its Largest Ship
The CMA CGM Group last week received the largest vessel of its fleet, a 17,722 TEU containership CMA CGM Kerguelen, to be christened May 12 in Le Havre. CMA CGM Kerguelen measures 398 meters long and 54 meters wide, making it the largest container ship in the CMA CGM fleet. It has capacity for 17,722 twenty-foot equivalent containers. CMA CGM KERGUELEN will be positioned in the shipper’s French Asia Line, which links Europe to Asia. Thus, the ship will export consumer products (fruit…
Senate Subcommittee Holds Hearing on U.S. Ports
The U.S. Senate Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety, and Security held a hearing on U.S. The hearing comes during a labor standoff between shipping companies and port workers that shut down 29 West Coast ports over the weekend. The ports have since resumed operations. "We need to explore the policy options to support port growth and future volumes of freight to keep goods moving," Chairman Deb Fischer (R-NE) said during the hearing.
ARENA Seeks Input for R&D
ARENA’s Research and Development (R&D) program supports R&D projects that will advance the commercial deployment of renewable energy technology in Australia. ARENA is providing $21.5 million funding for 12 cutting edge projects through the first round of the R&D program, which is focused on solar excellence. ARENA is keen to facilitate greater collaboration between the research sector and industry in the next round of the R&D program in 2015. ARENA CEO Ivor Frischknecht said building and maintaining strong links between researchers and industry – including manufacturers…
Madsen to Head Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. announced today that Drew Madsen has joined the company as president and chief operating officer of Norwegian Cruise Line. Madsen brings more than 30 years of leadership experience in the hospitality and consumer products industry, most recently as president and chief operating officer at Darden Restaurants, Inc. Prior to Darden, Drew held leadership and marketing positions at James River Corporation and General Mills, among others. "Having delivered exceptional results during his tenure at Darden…
MOL Issues Environmental and Social Report 2014
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the publication of the English version of its Environmental and Social Report 2014, which introduces the MOL Group's perspectives and latest initiatives regarding corporate social responsibility (CSR) and the environment. The report provides a broad range of information based on the viewpoints of the environment, society, and governance (ESG), which support MOL's sustainability, and focuses especially on issues the MOL Group should emphasize to ensure continued growth while meeting the needs of its various stakeholders.
BV Opens doors to Their Testing Labs in Germany
Bureau Veritas Consumer Products Services (CPS) have successfully opened the doors to their testing laboratories in Hamburg and Schwerin on the 9th and 10th July. The event, which was themed around new chemical requirements for consumer products, attracted over 100 clients coming not only from Germany, but also from France, Belgium, Spain, Turkey, Brazil, Austria and the United Kingdom. The event was the opportunity to celebrate the 20th anniversary of the Schwerin laboratory, one of the most modern laboratories within the Bureau Veritas network. At this location, around 150 employees are specialised in chemical testing of virtually all types of consumer products.
OceanLED Appoints Marketing Director & Sales Manager
OceanLED, the global leader in LED marine lighting technology, announces today that it has appointed Nicole Squartino as its new creative Marketing Director and Oscar Socarras as Territory Sales Manager. Both will be working closely with the US General Manager, Don DeMott, to strengthen the Company’s strategy, sales and further develop their growing portfolio of accounts. “Nicole and Oscar’s addition to the OceanLED team signals the Company’s continued growth and investment in hiring leaders,” said DeMott. In this role, Ms.
CaroTrans Launches Direct Le Havre to Houston
Strategic European hub location offers fastest transits from France to U.S. Gulf. CaroTrans announced a new, weekly LCL export service from Le Havre, France to Houston which will commence April 5. This direct service shortens shipping time by 5-11 days for freight moving from France to the U.S. Gulf region including: Houston, Dallas, San Antonio, El Paso, Laredo Austin, New Orleans, Tulsa, Oklahoma City, as well as Los Angeles on the West Coast. The Le Havre departure point eliminates the congestion, delays and additional handling associated with routing via Antwerp and Rotterdam.
Myanmar Grants Maersk Permanent License
The A.P. Moller – Maersk Group has received a permanent license to operate container business activities in Myanmar. The business will encompass the three brands Maersk Line, MCC Transport and Safmarine and the agency in Yangon will be officially opened in May 2014. "We are pleased to be granted a permanent business license to operate our own agency in Myanmar. Since the European Union and United States eased sanctions in 2012, we have experienced a surge in interest in sourcing goods to and from Myanmar," said My Therese Blank, Myanmar Country Manager.
Hazardous Area Safe Smartphone Launched by Gentay
From Singapore, Gentay Pte Ltd announce the launch of what they claim to be the world’s first Intrinsically Safe Smartphone with ATEX/IECEx Zone 1/21 Approval. They explain that the INNOVATION 2 incorporates Android™ 4.2.1 Jellybean with all the familiar functionality that is in demand by users, including internet access compatibility with Microsoft Exchange, and access to the Android™ Play Store to download apps. The product also includes a Dual SIM Card, is WiFi enabled, with a capacitive touchscreen and is Dust and Waterproof protected to IP68 standards.
Globalstar Satcom Network Completed
Globalstar, Inc. announce that all second generation satellites are now in full commercial service, completing the world's most modern satellite communications mobile network. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. The company's new network supports its current lineup of voice…
Intertek Addresses Global Mercury Pollution
Intertek will tackle the issue of mercury pollution across industries during the “International Conference on Mercury as a Global Pollutant” (ICMGP) in Edinburgh, Scotland, July 28 to August 2, 2013. Intertek will showcase expertise in detecting, monitoring and controlling mercury, supporting industries such as food, consumer products and oil and gas. Recent Harvard studies have shown that mercury is a long term problem, as past accumulations built over thousands of years could persist for centuries.