CMA CGM Forms Venture with MACCFA
France's CMA CGM has signed a letter of intent to form a joint venture with Ethiopian company MACCFA, as well as a letter of intent with ESLSE to manage Ethiopia's Modjo port, according to a document made available by the French President's office.Marseille-based CMA CGM, one of the world's largest container shipping lines, recently became the core shareholder in Ceva Logistics, with the company looking to expand in non-maritime freight services. (Reuters, Reporting by John Irish; Editing by Sudip Kar-Gupta)
Missouri River: Open for Business & Business is Booming
On February 12th and 13th, the Missouri River Stakeholders converged on Kansas City, Missouri to discuss current challenges and opportunities for growth. The main message echoed repeatedly, is the Missouri River is open for business, and business is booming.Over the course of the two-day event, the U.S. Army Corps of Engineers and the U.S. Coast Guard worked with the river’s commercial navigators to address areas of concerns as well as plan for the future growth of transportation on one of the nation’s most vital freight corridors.Record attendance was seen at the Annual U.S. Army Corps/U.S.
CMA CGM Aims for Ceva Logistics Breakeven in 2019
CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.CMA CGM's public tender will offer other shareholders 30 Swiss francs ($29.75) per share, valuing Ceva at 1.67 billion francs, a price agreed after Ceva rejected a takeover bid in October from Danish freight firm DSV.Marseille-based CMA CGM, one of the world's largest container shipping lines, became Ceva's core shareholder when the Swiss company floated on the Zurich stock market last year, as p
"Saint John Paul II" Delivered to Virtu Ferries
Incat delivered its latest large fast ferry, a 110-meter catamaran for Virtu Ferries of Malta dubbed Saint John Paul II.Saint John Paul II is the 44th large commercial fast ferry delivered by Incat and the sixth in excess of 5,500gt in the past decade; a decade also shared with 19 other Incat newbuilds of smaller passenger ferries and support vessels.“Using the latest computational fluid dynamics (CFD) and hydrodynamic free-running model test techniques, the well proven Incat Wave Piercing Catamaran hullform has been further developed for Mediterranean winter conditions…
GAC Forwarding & Shipping Renamed GAC Shanghai
GAC Forwarding & Shipping (Shanghai) has changed its name to GAC (Shanghai) after more than a decade since its establishment, said a press release.Managing Director Simon Xu says the renaming comes after the company has established a firm foothold in the country’s competitive shipping and logistics sectors. The name change is timely, riding the wave of a rising demand for ship agency and logistics services.“Over the years, our range of services has evolved to meet the changing needs of our customers,” he adds.
Irish Ferries Set To Launch WB Yeats
Irish Ferries’ flagship craft, the WB Yeats, is finally due to set sail after months of delays that disrupted much of the company’s schedule this year.The maritime transport company that operates passenger and freight services on routes between Ireland, Britain said in a press note that this vessel will provide passengers with a unique and memorable cruise-style travel experience. Offering up to four sailings a week directly from Dublin to France, this flagship cruise ferry will travel 125…
Renault to Use NEOLINE Sailboats
French automaker Groupe Renault partners with NEOLINE, designer and operator of cargo sailing ships, to experience a new maritime transport solution and reduce the carbon footprint of the Group’s supply chain.Groupe Renault announced the signing of a 3-year partnership with Nantes start-up NEOLINE to develop a more sustainable maritime transport service powered by wind, and to contribute to the environmental management of its logistics chain while nearly 60% of the Group's parts and vehicles are transported by sea.Jean-Philippe Hermine…
MSC Annouces Container Train between Trieste and Giengen
Global container shipping lines MSC Mediterranean Shipping Company (MSC) has announced the launch of a new dedicated train set-up between Giengen (a.d. Brenz) and Trieste, starting mid of November 2018.This stand-alone solution finally offers an A-B connection between metropolitan area of Ulm and the Adriatic, as the fastest gateway to/from Asia and the Mediterranean.The terminal in Giengen is operated by the leading European home appliance manufacturer BSH Hausgeräte GmbH. BSH…
INSIGHTS: Rear Admiral Mark H. Buzby, USN (Ret)
Rear Admiral Mark Buzby is the Maritime Administrator, U.S. Maritime Administration.Rear Adm. Mark H. Buzby was appointed by President Donald Trump and sworn in as Maritime Administrator on August 8, 2017. Prior to his appointment, Buzby served as president of the National Defense Transportation Association, a position he has held since retiring from the U.S. Navy in 2013 with over 34 years of service. A 1979 graduate of the U.S. Merchant Marine Academy, Buzby earned his Bachelor of Science in Nautical Science and U.S. Coast Guard Third Mate License.
Tallinna Sadam, Alexela Invest Sign MoU
AS Tallinna Sadam and AS Alexela Invest signed a Memorandum of Understanding (MOU) for finding the best solutions for the development and implementation of LNG terminal and servicing LNG tankers and bunkers; and establishing port facilities for loading and unloading LNG on the Pakri peninsula by the Lahepere bay in Paldiski.Tallinna Sadam and Alexela will continue to negotiate the conditions for joint activities with the aim of reaching the contract by the end of 2020.According to the MOU…
Port of Hamburg, Metrans Group Join for Intermodal
The Port of Hamburg and Metrans Group are intensifying their links with Lithuanian Railways. Axel Mattern, Joint CEO of Port of Hamburg Marketing, and Egidijus Lazauskas, Deputy Director-General and Director Freight Traffic for Lithuanian Railways, have signed a Memorandum of Understanding in Vilnius to strengthen cooperation on the routes to and from the Port of Hamburg.In addition, Hamburger Hafen und Logistik AG - HHLA’s intermodal subsidiary Metrans, and Lithuanian Railways signed a Letter of Intent to promote and improve cross-border freight flows.For years…
Kalmar Fleet Solution for Australian Container Freight Services
Kalmar, part of Cargotec, has won an order to provide Kalmar Fleet Solution of mobile equipment to Australian Container Freight Services (ACFS) operations in Adelaide, Fremantle and Melbourne.This order, comprising a total of three units of DCG100 Empty Container Handlers and two units of DRG450- Reachstackers, has been booked into Cargotec 2018 Q2 order intake.ACFS is the largest privately owned Container Logistics operator in Australia. With extensive knowledge and experience across the warehousing, transport and freight logistic sectors.
Crowley Launches New Caribbean Shipping Service
Crowley Maritime Corp.’s liner services group announced today that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the U.S. Virgin Islands (USVI).With the new service, vessels depart Rio Haina on Sundays and arrive in San Juan on Tuesdays. After departure on Thursdays, cargo arrives in St. Thomas and St. Croix on Fridays, before the vessel moves to the Dominican Republic again for Sunday operations.
World's Largest Short Sea Ro-Ro Vessel Named in Dublin
MV Celine, the world’s largest short sea Ro-Ro ship, will today be christened in a ceremony at Dublin Port with guest of honour, An Taoiseach, Leo Varadkar TD, Godmother to the new ship, Geraldine O’Reilly, and the port’s chaplains. The formal ceremony is a long-held tradition intended to bring good fortune to the ship and involves breaking a champagne bottle against the hull as the ship is christened. To mark today’s occasion, new Irish music commissioned by Dublin Port and performed by John Sheahan of the Dubliners and Colm Mac Con Iomaire of the Frames will premiere at the ceremony…
Grindrod Sells Off Bunker Division
South African ship owner Grindrod has sold its bunker division, Unicorn Bunker Services (Pty) Ltd., for an undisclosed sum to new co-owners WOESA (Women in Oil and Energy South Africa) and Linsen Nambi.Financed through the Industrial Development Corporation (IDC), the deal creates the nations first 100 percent black ship owners and facilitates the participation of black women and black youth in the maritime sector.Unicorn Bunker Services was established in 2006 a division of Grindrod Freight Services and operates three bunker tankers in the ports of Durban and Cape Town under contract to BP…
DP World, Tata Group Mull Cooperation Opportunities
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jafza, and Mahmood Al Bastaki, CEO, Dubai Trade. Bin Sulayem outlined DP World’s operations across 40 countries…
DP World Acquires Cosmos Agencia Maritima in Peru
Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal. "CAM owns a fully integrated logistics service business (Neptunia S.A and Triton Transport S.A)that offers end-to-end solutions to its customers. The logistics division offers an integrated platform of solutions in activities related to foreign trade…
Chainalytics and Drewry Partner to Create Ocean Buying Group
Chainalytics, a global leader in supply chain consulting, and Drewry, the global shipping consultancy, have partnered to launch an innovative ocean freight procurement solution for shippers. The Chainalytics Ocean Buying Group, in partnership with Drewry, will provide participating Beneficial Cargo Owners (BCOs) with enhanced purchasing power, service monitoring and cost transparency. The new strategic partnership delivers a pioneering ocean freight procurement platform that will…
Taking the Plunge into Digital
It’s a matter of when – not if. Digital is with us, and while many industries have embraced its potential, there is still some reticence in the shipping sector to take the plunge. Norwegian navigation expert Nautisk has rethought its entire product offering to embrace digital, so what have they learned? Nautisk’s head of marketing, John Dawson, explains. Nautisk has been a specialist chart agent for more than 100 years, and our core product base has been paper charts and printed publications for the shipping sector.
Antwerp-German Freight Services Grow
68.1 million tonnes of cargo were transported between the seaport of Antwerp and Germany during 2016. This represents growth of approx. 4 million tonnes or 6.1 percent compared to the previous year. Thus Europe’s second-largest seaport is continuing its growth course as an important hub for German industry. While truck traffic rose by 4.3 percent in terms of tonnage, transportation by inland waterway vessel increased by 7.3 percent and railway transport services grew by as much as 8.3 percent.
Rolling on the River with CORBA
As the Central Ohio River Business Association (CORBA) pushes commerce on the Ohio River, stakeholders are beginning to take notice. On January 19, in an office tower overlooking the Ohio River, Eric Thomas convened the first meeting of 2017 for a business group working in the 13th largest port in the U.S.: the Ports of Cincinnati and Northern Kentucky (PCNK). Thomas serves as the Executive Director of CORBA – the Central Ohio River Business Association. PCNK’s high rank is likely a surprise to many.
Insights: Margo Marks -President, Beaver Island Boat Company
Margo S. Marks is President/General Manager of Beaver Island Boat Company, Beaver Island, Mich. The company has provided passenger, vehicle and freight services, between Beaver Island and Charlevoix, Mich. since 1984. The first ferry service to the island began in 1890. B.I. Boat Company operates two subchapter K vessels with a capacity of up to 294 passengers and 16 vehicles on the larger vessel, and 172 passengers and 9 vehicles on the smaller vessel. Notably, Margo has deep roots in the Gresat Lakes community and graduated from the Great Lakes Maritime Academy in 1983…
Laugfs Buys Third LPG Carrier Vessel
Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas, has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports Lanka Business Online quoting company sources. The 1998-built 3,500-cbm Lady Martine was bought from Ultragas at a price of $2.875m and will be renamed Gas Courage. It will be reflagged to Sri Lanka. Laugfs Maritime Services private limited operates with Board of Investments of Sri Lanka approval to carry out a business of sea cargo operation services.