Pharmaceutical News

Marine towage provider Svitzer Australia announced it has appointed Veronica Jensen as its new chief commercial officer (CCO) for the Australia/PNG region.Jensen started in the role in March and is based out of Svitzer Australia’s Sydney head office. She brings commercial leadership experience across a range of industry sectors including industrial consumables, engineering solutions, the pharmaceutical industry and in shipping with more than 11 years’ previous experience with Maersk.Svitzer Australia managing director Videlina Georgieva said…

France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore, announced last year, closed on Thursday at a final price of 4.85 billion euros ($5.25 billion) after debt and cash adjustments.The deal will extend the reach of CMA CGM's CEVA Logistics unit into areas such as freight management for pharmaceutical, cosmetics and luxury firms.CMA CGM, based in Marseille and privately controlled

The U.S. trade deficit unexpectedly narrowed in November as imports of consumer goods fell to a one-year low amid slowing domestic demand, a trend that, if it persists in December, could result in trade having no impact on economic growth in the fourth quarter.The report from the Commerce Department on Tuesday also showed exports declined in November amid cooling demand overseas. Demand is slowing both in the United States and abroad following hefty interest rate increases by global central banks since 2022 to tackle rampant inflation.The Federal Reserve's rate hiking cycle has likely ended…

Aussie Pumps introduced a new desalination pump, capable of both high pressure and high flows. Manufactured by Bertolini in Northern Italy, it features heavy duty AISI 316 stainless steel construction,  which makes it suitable for reverse osmosis, desalination, food industry, pharmaceutical, marine and even chemical applications. The pump can be used as a direct drive with electric motor in the 1,450rpm range (4 pole), and alternatively, can be close coupled to a gearbox, or pulley’s or driven by a gasoline or diesel engine.Called the Big Berty KA4815…

More than 1,900 workers at Britain's biggest container port, Felixstowe, have begun eight days of strike action that will cause disruption to trade and supply chains.The staff at Felixstowe, on the east coast of England, are taking industrial action in a dispute over pay, becoming the latest workers to strike in Britain as unions demand higher wages for members facing a cost-of-living crisis. read moreBelow is a look at Felixstowe's operations and the possible impact from the strike:How big is the port?About 48% of all containers brought into the UK are transported through the Felixstowe port…

The Suez Canal blockage laid bare many of the challenges being faced by the global shipping industry today. With 12% of global trade passing through the canal each day, the total revenue lost from delayed, damaged or lost goods due to its blockage is estimated to be up to $10 billion. Many of the organizations that faced a logistical nightmare in the face of the Ever Given blockage struggled to respond to things as they happened and make informed predictions about future occurrences…

The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic, so the vaccines are being shipped by air to international destinations. Delivering them by sea is a longer-term strategy; certainly, the present urgency would have to calm considerably before enough confidence could be built to support delivery times in weeks…

The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic, so the vaccines are being shipped by air to international destinations. Delivering them by sea is a longer-term strategy; certainly, the present urgency would have to calm considerably before enough confidence could be built to support delivery times in weeks…

Pirate attacks against merchant ships off the African coast have been reported regularly over the past decade. And despite measures to suppress it, Somalia-based piracy remains a concern. On the other side of the continent, the Gulf of Guinea is now viewed as presenting a much more serious piracy problem.Last year a record 130 crew members were kidnapped in 22 separate incidents, according to the International Maritime Bureau. The cluster of attacks in November and December has…

RLS PhotoNorway-based krill extraction and processing company Rimfrost has awarded Kongsberg Maritime a contract to design and equip a new 120-meter krill harvesting vessel destined for operations in Antarctica.The vessel will be built by Westcon in Norway, and Tersan Shipyard in Turkey. Westcon will complete the vessel at its facility in Norway after initial construction at the Tersan Shipyard in Turkey. It is expected that the 120m ship will be ready to begin operations in 2022.Kongsberg Maritime said that the contract has been awarded in several stages during 2020…

Customs officials at Chennai, one of India’s biggest ports, have held shipments originating from China for extra checks, sources aware of the delays told Reuters, amid a backlash against China over a border clash in which 20 Indian soldiers died.The increased scrutiny on shipments from China at Chennai Port, which handles various cargo including automobiles, auto components, fertilizers and petroleum products, could disrupt supply chains.While there is no official order from the government yet…

Crowley Logistics announced it has promoted Bob Goldenberg to vice president, commercial operations, responsible for providing strategic direction and oversight to the entire commercial logistics team, including U.S. and offshore locations.In this new position, Goldenberg will report to Steve Collar, Crowley’s senior vice president and general manager, logistics, and will continue to be based in the company’s Miami office. Goldenberg will use his experience, technology and industry…

The pandemic has brought about sudden changes for cargo transportation, impacting shippers and transport companies around the world and potentially increasing the risk environment, particularly for high-value and temperature-sensitive goods. In a new risk bulletin AGCS highlights steps for cargo owners to consider when developing contingency plans.While in most cases initial government directives have established cargo transportation as an essential activity, permitted during any quarantine period…

In a few short months, the mayhem wrought by coronavirus has changed the world. Our response to the epidemic [more than the virus itself] has the potential to permanently alter the balance of the global economy. But it might be the kind of Black Swan event that we need to trigger real change in the shipping industry – and in particular its approach to digitalization of vessel operation.Like the worldview bubbles created by social media algorithms and fake news, the maritime industry is living in its own digitalization fantasyland - one fueled by vendor delusion and media misinformation.

Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most affected areas, such as Italy.While China's draconian steps to stop the spread of the virus are now allowing its economy slowly to come back online, supply chains are backing up in other parts of the world.Problems ranging from finding enough truck drivers to restrictions on seafarers and a lack of air freight are hitting the smooth flow of goods…

A cruise ship with 609 people on board has been isolated in Brazil's northeastern port of Recife since Thursday morning after a passenger showed symptoms similar to those of the new coronavirus, according to the Department of Health in Pernambuco state.A 78-year-old Canadian man with fever, coughing and breathing difficulties was sent to a private hospital in the state capital Recife after disembarking.The remaining 318 passengers and 291 crew members will be kept in isolation…

South Korea's SK Chemicals Co has introduced a project to use bio heavy oil as vessel fuel amid rising demand for cleaner energy sources.The chemical and pharmaceutical unit under South Korean conglomerate SK Group has started safety and feasibility tests on bio heavy oil for powering large vessels like container ships, said a report in Pulse News.Bio heavy oil is environmentally-friendly fuel for power generation, made from animal fat, leftover cooking oil, and by-products of bio-diesel processing.According to the media outlet, SK Chemicals started bio heavy oil business in 2006.The company is the first in Korea to supply bio heavy oil to local power plants including state-run Korea Midland Power Co. in 2014.

China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.The Phase 1 deal was announced last week after more than two years of on-and-off trade talks, although neither side has released many specific details of the agreement.Both the Chinese and U.S. trade teams are in close communication, Gao Feng…

Klüber Lubrication, a manufacturer of specialty lubricants, introduces industrial gear oils to their maintenance, repair and operations (MRO) portfolio.There is a current demand for the transmission of ever-growing power and torque in gears of all performance grades. This demand, combined with reduced gear size and weight, requires the application of mineral and synthetic high-performance lubricants.The MRO gear oils from Klüber Lubrication are designed to optimize gearbox performance across many industries…

Britain said on Friday it had signed deals worth 86.6 million pounds ($109.50 million) with shipping firms to ensure the supply of vital medicines in the event of border chaos after the country leaves the European Union.The country's transport ministry said the six-month contracts meant that Brittany Ferries, DFDS, P&O and Stena Line would be ready to deliver capacity equivalent to thousands of lorries each week from the Oct.

The results of a recent survey conducted by financial services company Bankrate, LLC show that naval architecture and marine engineering take the top spot as the most valuable college degrees in which to major.A total of 162 degrees were covered in the company’s research. Drama and theater arts, on the other hand, were shown to be the least valuable degrees in terms of earning power after graduation. The survey revealed that the overall median income for those trained to build, design and maintain maritime vessels was $90,000 and that less than 2 percent of degree holders were unemployed.

Swiss-based global container shipping company MSC Mediterranean Shipping Company announced that MSC Gülsün, the world’s largest container ship, has arrived in Europe after completing its landmark maiden voyage from the north of China.MSC Gülsün is the first of a new class of 23,000+ TEU vessels to be added in 2019-2020 to the global shipping network of MSC, a world leader in transportation and logistics.According to a press release from the world's second-largest shipping line in terms of container vessel capacity, built at the Samsung Heavy Industries (SHI) Geoje shipyard in South Korea, MSC Gülsün sets a new standard in container shipping…

The 23,656 teu MSC Isabella became the largest containership to call the Port of Singapore when it berthed on 10 November 2019.The MSC’s Gülsün-Class of container vessels is currently the world’s largest series of container ships.To date, MSC Isabella is the biggest container ship to call at Singapore, the world’s top transshipment hub. Measuring around 400 meters long and 61 meters wide, the ship can carry up to 24 rows of containers, with a height of 13 tiers on deck. Its total capacity is 23,656 TEU (Twenty-foot Equivalent Units). Its length exceeds that of the Eiffel Tower and it can transport the equivalent of about 384 million pairs of shoes.Singapore is the ship’s first port-of-call in Asia after sailing back from Europe. The ship was delivered to MSC in August 2019.