Logistics Solutions News

20 Mar 2019

JAXPORT Receives Largest Ever Box Ship

Image: Jacksonville Port Authority

The Jacksonville Port Authority (JAXPORT) and terminal operator SSA Atlantic on Monday afternoon welcomed the largest container ship to ever visit Jacksonville.JAXPORT set a new port record today with the arrival of the ZIM vessel Cape Sounio, the largest container ship to ever call Jacksonville, claimed a press release.The 11,000-TEU (container) vessel is operated by ZIM on a service offered by the 2M alliance. The 2M alliance is comprised of Maersk, MSC, Hamburg Süd and strategic partners HMM and ZIM.The vessel, which transited the Panama Canal from Asia before reaching the U.S.

27 Feb 2019

APM Terminals Pushes Solar Energy in India

Image: APM Terminals

South Asia's APM Terminals Inland Services, operator of port and integrated inland service networks, is helping set up solar power plants in deep pockets of India.The global terminal network company is providing tailor-made logistics solutions to help overcome transport, technical and procedural challenges.The company is now offering a new end-to-end solution for major solar projects, which includes receiving cargo at the sea-port, facilitating customs inspection and clearance…

23 Jan 2019

Dubai Port Raises Stake in Australian Port

Image: DP World Australia

Dubai-based port operator DP World says it has acquired additional assets in DP World Australia (DPWA), giving the firm a majority stake in its Australian terminals.The percentage of what has been acquired from Gateway Infrastructure Investments and other financial investors is still being finalized and subject to regulatory approval. However, it valued DPWA at an enterprise value of approximately AU$1.4 billion (US$ 997 million).Following the closure of the transaction, DP World…

17 Jan 2019

CMA CGM Unifies Containerships and MacAndrews Brands

 Image: MacAndrews

CMA CGM will retain the only Containerships brand for its intra-European operations, giving up MacAndrews, which had already erased OPDR."Containerships: from April 1st, 2019 a single brand resulting from the union of two experts of intra-European transport CMA CGM reinforces its strategy aimed at densifying its regional coverage to the benefit of its clients," said a press release from MacAndrews.According to the French container transportation and shipping company, by joining the forces of two recognized experts of intra-European multimodal transport…

11 Dec 2018

AET Grows in Brazil

Eagle Paraiba. Photo: AET_Tankers

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.

02 Dec 2018

Denmark Mulls Most Modern Container Port

Pic:  Copenhagen Malmö Port (CMP)

Copenhagen Malmö Port said that Denmark’s most modern container port will be completed by the end of 2021 – the futureproof, modern, sustainable and automated container terminal in Copenhagen. The terminal substantially strengthens CMP’s role as the leading actor within freight handling in the capital region and throughout Eastern Denmark.The area in Outer Northern Harbour is fairly anonymous, however, the on-going groundworks are a reminder that this is where the container terminal of the future will be just three years from now.“We are making a major investment.

26 Nov 2018

CEVA Logistics Acquires CMA CGM Log

Pic: CMA CGM

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…

19 Nov 2018

EC Selects Enagás Initiative to Boost LNG

Image: Enagas

The ‘LNGHIVE2: Infrastructure and Logistics Solutions’ project, coordinated by Enagás, has been selected by the European Commission ‘Connecting Europe Facility’ (CEF) for funding.The initiative aims to boost the use of liquefied natural gas (LNG) as a fuel for maritime and rail transport. The total investment in the project will be around EUR14 million, of which close to EUR3 million will be financed by European funds.The initiative, coordinated by Enagás and promoted by Puertos Del Eastado…

02 Nov 2018

Teekay Offshore Settles Dispute with Petrobras

Arendal Spirit. Image: Teekay Offshore Partners

Bermuda-based marine services company Teekay Offshore Partners announced that certain of its subsidiaries have entered into a settlement agreement with Petrobras with respect to various disputes relating to the previously-terminated charter contracts of the HiLoad DP unit and Arendal Spirit unit for maintenance and safety (UMS). As part of the settlement agreement, Petrobras - on behalf od its subsidiaries Petróleo Brasileiro and Petroleo Netherlands - has agreed to pay a total amount of $96 million to Teekay Offshore…

26 Oct 2018

Golten's Strand: Get on the Scrubber Retrofit Wave

Goltens COO Roy Strand said “When emissions regulations are applied globally, the investment in exhaust cleaning will make more sense to many operators. Photo: Goltens

As shipowners mull the technical and logistics solutions to meet the IMO's 2020 deadline regarding sulfur emissions, Goltens COO Roy Strand said “When emissions regulations are applied globally, the investment in exhaust cleaning will make more sense to many operators. There will be more customers who choose to invest in scrubber technologies due to the clear payback.”Strand and Goltens have a stake in the solution, as Goltens Green Technologies is a leader in supplying emission  control solutions.

25 Oct 2018

EU Okays CMA CGM’s takeover of Containerships

Pic: Containerships

European Commission’s competition regulators has approved CMA CGM acquisition of Container Finance, the holding company that controls regional container operator Containerships.CMA CGM, the world’s fourth largest carrier by capacity, agreed in June to acquire Finland-based Containerships and its logistics operations."A combination agreement between Container Finance Ltd Oy and CMA CGM, signed on 20th June 2018, has been accepted unconditionally by all relevant competition authorities meaning CMA CGM is free to take over short sea carrier Containerships…

22 Oct 2018

Cosco Shipping Begins Shipment of Toyota Exhibits

Image: Cosco Shipping

China Ocean Shipping (Group) Company (Cosco Shipping) started shipment of Toyota exhibits, which will be displayed at the 1st China International Import Expo (CIIE), at Honmoku Pier, Yokohama in Japan.Cosco Shipping (Japan) and Cosco Shipping Lines (Japan) provided transport service for these exhibits, the company said in its press release.This first batch of exhibits, which are the latest models of Toyota, were loaded in flat rack containers and carried by M.V. China Shipping Tokyo from Yokohama to Shanghai.To ensure smooth transportation for this Expo…

21 Oct 2018

POTAC Signs Dock Usage Pact with Port of Corpus Christi

Pic: Port Corpus Christi

POTAC (Pin Oak) announced the execution of a ten year exclusive use agreement for Suezmax vessels at Public Oil Dock 14 with the Port of Corpus Christi, including extension options, exercisable by the Company, which could extend the agreement for up to an additional ten years.In addition to Suezmax vessels, Pin Oak will be able to efficiently load / unload Aframax, Panamax, and other smaller vessels and barges. This agreement follows the commencement of construction on Pin Oak's nine pipelines crossing under the Corpus Christi Ship Channel…

23 Sep 2018

ABB Acquires Logistics Tech Firm intrion

Image: ABB

Swedish-Swiss multinational corporation ABB has completed its acquisition of intrion, with the aim of boosting its expertise in fast-growing logistics automation market.intrion is a privately owned company headquartered in Huizingen, close to Brussels, with approximately 120 employees and over a decade of experience in logistics automation solutions and services for the logistics, food and beverage and pharmaceutical industries.The acquisition was announced on July 24, 2018. The…

09 Sep 2018

CMA CGM Margin Hit in Q2

Photo: Port of Hamburg

French shipping liner CMA CGM said that rising oil price impacted its operating income in second quarter of 2018. "Volume growth and positive net income in a market environment affected by rising fuel costs," said a press statement from the company.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, commented on the results:"Over the second quarter CMA CGM has recorded a core EBIT margin close to the first quarter as well as a positive net income in spite of a sharp increase in fuel prices.

26 Aug 2018

Georgia's New Inland Terminal Begins Business

Gov. Nathan Deal, center, cuts a ribbon during the Grand Opening of the Appalachian Regional Port near Chatsworth, Ga.  Photo: Georgia Ports Authority / Stephen B. Morton

Gov. Nathan Deal, state officials and more than 350 business and civic leaders were on hand today to officially open the Appalachian Regional Port (ARP) in Northwest Georgia.“The Appalachian Regional Port is a powerful new gateway to the Port of Savannah that extends the efficiencies of Georgia’s superior port operations to new markets,” Deal said. “It will also serve as an economic development magnet, drawing business and industry to the Southeast U.S.”Located in Murray County…

22 Aug 2018

MOL Invests in PKT Logistics

The 12 Waves warehouse in One Auto Hub. Photo: Mitsui O.S.K. Lines, Ltd.

Mitsui O.S.K. Lines (MOL) announced that it completed the acquisition of 14.27% shares in PKT Logistics Group, a Malaysian logistics company. MOL's stake will rise from the current 20.86% to 35.13%.PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors.PKT owns and operates warehouses hub in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total.

31 Jul 2018

PSA International Acquires Majority Stakes in Canada Port

Fock Siew Wah, Group Chairman. Photo: PSA International

PSA International through its subsidiary has acquired 60 per cent of Ashcroft Terminal (AT) , an inland port facility about 300km east of the Port of Vancouver in western Canada, making its first foray into Canada.AT is an inland port facility located approximately 300 kilometres east of the Port of Vancouver (POV).Comprising 320 acres of free-hold industrial land, it is the only major privately-owned industrial property in Canada where both Class 1 railroad lines – including Canadian National (CN) Railway and Canadian Pacific Railway – run through…

08 Jul 2018

Wallenius Wilhelmsen Acquires Syngin Technology

Håkan Larsson, Chairman. Photo: Wallenius Wilhelmsen

Wallenius Wilhelmsen, the global finished vehicle logistics provider, has signed an agreement to acquire 70% of the membership interest in Syngin Technology  for an initial purchase price of USD 22 million on a cash and debt free basis. "The future of logistics lies in combining digital services, physical assets and a deep understanding of logistics flows. With Syngin we boost our digital capabilities, setting us up to better support the changes we see in our customers' needs for the future", says Craig Jasienski, President and CEO of the Wallenius Wilhelmsen group.

19 Jul 2018

DP World Acquires India's Continental Warehousing

Photo: Continental Warehousing Corporation (Nhava Seva) Limited

Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed.CWCNSL’s founders, the Reddy family, will retain the remaining 10% shareholding and will remain involved in the business operations. It is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF to invest up to US$ 3 billion in ports…

24 Jul 2018

ABB Accelerates Logistics Growth with Acquisition of Intrion

Image: Intrion

ABB will acquire Intrion, a privately owned company headquartered in Huizingen, close to Brussels, with approximately 120 employees and over a decade of experience in logistics automation solutions and services for the warehouse and distribution, food and beverage, and pharmaceutical industries.Its expertise covers a full spectrum of logistics automation solutions including inline checking, product picking, packing, palletizing, conveying, storage, sorting and sequencing, and order picking.

04 May 2018

Stena Oil Rolls Out Scandinavia's Largest Bunkering Terminal at Frederikshavn

Photo: Stena Oil

Stena Oil has signed an agreement to create a new marine fuel terminal in the Port of Frederikshavn. The facility will be fully adapted for the new Sulphur Directive 2020 and its location will reduce the distances travelled by bunkering vessels. The oil terminal will be the largest of its kind in Scandinavia, with a capacity of 75 000 cubic metres. "We are delighted to be developing our business in Frederikshavn. We will create a state-of-the-art terminal that can handle all fuel types that meet the IMO’s global sulphur directive, which comes into effect in 2020.

08 May 2018

SMT Shipping, CSL Rolls out Joint Venture

SMT Shipping and CSL Team Up in Global Cement Shipping Joint Venture. Photo: CNW Group/The CSL Group Inc.

SMT Shipping  and The CSL Group announced they have entered into an agreement for CSL to acquire 50% of Eureka Shipping, SMT's pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative technologies to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world. CSL's Australian cement shipping business is not included in the joint venture. "The joint venture represents an important step in CSL's strategy to increase its presence in the global construction material sector…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News