Supply Chain Networks News

HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on the supply of methanol and LNG at Shanghai Port.HMM has committed to achieving net-zero emissions target for the entire business by 2050.HMM is also working on eco supply chain networks at Singapore and Busan. HMM also signed new building contracts for nine 9,000TEU vessels powered by methanol, and plans to operate two 7,700TEU LNG-powered vessels by the end of this year.Since 2022, SIPG has provided bonded LNG bunkering services for many shipping companies worldwide.

The historically high pressures on global supply chain networks that have contributed to shortages of key goods and materials and a surge in inflation may have peaked, according to a new index released by the New York Federal Reserve on Tuesday.The Global Supply Chain Pressure Index (GSCPI) surged early in the pandemic when China imposed lockdown measures. Pressures eased as production resumed but picked back up during the winter of 2020 as COVID-19 infections jumped."More recently…

Two U.S.-based maritime & offshore services and logistics companies Crowley and Watco, are teaming up in the space of the emerging offshore wind industry in the country.In a statement on Tuesday, the two firms said they'd create a single-source terminal and supply chain management solution to support the emerging offshore wind industry."With the growing number of wind projects planned for U.S. waters, the partnership brings together industry-leading project management and logistics experts who can provide a “one-stop-shop” for owners…

Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn. Container lines, facing their worst ever downturn due to a glut of ships and weaker demand, are pursuing several measures such as vessel-sharing arrangements or mergers and acquisitions to ride out the current slump. A growing number of logistics firms are going online to buoy their business. In December, Maersk - the world's largest container shipping line and a unit of Denmark's A.P. Moller-Maersk - started offering online booking services to Chinese shippers on Alibaba's OneTouch website.

Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms. Maersk, a unit of Denmark's A.P. Moller-Maersk, began offering the service to Chinese shippers on Alibaba's OneTouch booking website on Dec. 22, a spokeswoman for the shipping line said on Wednesday. Shippers traditionally go through freight forwarders to book space for goods on container vessels, but lines such as Maersk are allowing cargo owners to book directly via the internet. For their part, e-commerce companies are increasingly venturing into logistics activities to try to gain better control over their supply chain networks.

The construction of a deepwater berth at the NUTEP terminal in the Black Sea port of Novorossiysk will allow Russia to offer regular year-round ice-free calls for vessels up to 10,000 TEU for the first time. NUTEP, a subsidiary of DeloPorts and sister company to multimodal transport specialist Ruscon, is already the largest container terminal in the port but currently handles most deepsea cargo via transshipment at Istanbul or Piraeus. Konstantin Kalugin, CCO of NUTEP, said, “The new deepwater quay will alter the status quo on the Black Sea and change existing supply chain networks in the region. The first piles have been driven for the new 341-meter quay after two years of planning and approvals, with completion scheduled for late 2018.

NSL Engineering Pte. Ltd., a spreader bar manufacturers, and VeriTainer Corporation, a crane mounted maritime security solutions, are on schedule to complete manufacturing of the first RAM VeriSpreader by Q2 2009. "The development of the RAM VeriSpreader addresses NSL Engineering's significant global customer base that requires a security scanning and compliance solution for their transshipped cargo and global supply chain networks." said John Alioto, CEO of VeriTainer. Through this collaboration, NSL Engineering will manufacture VeriSpreaders which will include VeriTainer's proprietary shock absorption system and will run on VeriTainer Minds, VeriTainer's exclusive software suite featuring the Minds isotope identification software algorithm.