Norway’s PASSER Group AS acquired SIDC Group UAB in 2020 with the goal to transform the Klaipeda-based company into a full-service EPCI provider with complete control of the value chain. “The deciding factor for PASSER was that SIDC was a perfect match for their targeted development strategy…
Egypt's finance ministry has put in place a package of measures to clear a backlog of goods piled up in port, a ministry statement said on Tuesday.A severe shortage of foreign currency in Egypt over the last six months has sent banks and importers…
NYK Line and UNI-X NCT Corporation (UNI-X) have begun operation of four state-of-the-art transfer cranes developed by Mitsui E & S Machinery Co., Ltd.The four cranes are based at the NYK Tokyo Container Terminal (NYTT), and each comes equipped…
The U.S. Transportation Department (USDOT) said on Wednesday a supply chain pilot data-sharing project aimed at easing bottlenecks at congested U.S. ports has begun exchanging data and doubled in size.USDOT announced the planned project in March with truckers…
While there are many layers to the continued container shipping supply chain woes, and the U.S. Federal Maritime Commission has set its sites on the nuisance of empty containers clogging traffic, on the heals of FMC Chairman Maffei's visit to the Port Authority of New York/New Jersey…
Shipping group A.P. Moller-Maersk said on Friday it had agreed to buy Danish logistics company Martin Bencher Group in a deal valued at $61 million.'Martin Bencher will be an excellent fit to Maersk and our integrator strategy, strengthening…
The volume of total cargo throughput in the port of Rotterdam was 0.8% higher in the first half of the year (233.5 million tonnes) than in the same period in 2021 (231.6 million tonnes). In many segments, the war in Ukraine led to significant changes…
Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor law that makes it harder for independent truckers to operate.Drivers picketed…
The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules related to certain fee assessments…
President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week…
Montréal-based marine logistics company LOGISTEC Corporation announces it has appointed Dany Trudel, CPA, auditor, as Vice-President and Corporate Controller, as of May 9. He succeeds Carl Delisle, CPA, auditor, who is now the Chief Financial Officer…
Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022…
DP World is to operate a logistics park at the Saudi Arabian port of Jeddah, according to the kingdom's port authority which on Monday invited media to the contract signing on June 19.The invitation said it was DP World's first logistics park in Saudi Arabia…
Dave Clark, the Amazon.com Inc executive who built a delivery arm to rival major cargo companies, will join logistics technology startup Flexport as chief executive in September, he said Wednesday in a LinkedIn post.Amazon announced last week…
On June 7, 2022 Wilhelmsen launched its Port Services, according to the company setting a unique course for the future of the ships agency industry and the entire port ecosystem. One of the key steps taken already is to establish and internal incubator for new innovations and solutions…
