Logistics News

 

Hapag-Lloyd to Acquire SAAM's Terminal Business for $1 Billion

Oct 04, 2022

Hapag-Lloyd AG and SM SAAM have signed a binding agreement under which Hapag-Lloyd will acquire 100 % of the shares of SAAM Ports S.A. and SAAM Logistics S.A. and thereby the entire company’s terminal business and associated logistics services…

Sanmar, Igus Team on Shore Electric Bunkering System

Sep 19, 2022

Sanmar Shipyards and IGUS joined forces to develop and build a new electric bunkering system that is designed to be compact and able to supply a variety vessel types with onshore power.To this end, the companies have designed and built the Shore…

duisport and Port of Antwerp-Bruges Partner on Energy Transition, Infrastructure

Sep 15, 2022

duisport and Port of Antwerp-Bruges signed a long-term cooperation agreement establishing avenues for cooperation on energy transition, hinterland connections and infrastructure as the partners aim to help stabilize and improve supply chains…

Hapag-Lloyd Buys Stake in Spinelli Group

Sep 15, 2022

German container liner-shipping company Hapag-Lloyd on Thursday announced it has acquired a minority stake in Italy-based logistics group Spinelli Group.Hapag-Lloyd said it purchased a 49% stake in the Spinelli Group from existing shareholders…

NVOCCs Caught in the Middle of Ocean Shipping Reform Act

Sep 13, 2022

NVOCCs are caught in the middle of the Ocean Shipping Reform Act of 2022 requirements for reporting demurrage and detention; FMC needs to pump the brakes and allow the industry to catch upThe Ocean Shipping Reform Act of 2022, passed by Congress without industry input and signed into law on June 16…

PASSER SIDC Aims to Double Production at New Plant

Sep 13, 2022

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 Introduces Measures to Help Clear Backed Up Ports

Aug 30, 2022

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 Tokyo Container Terminal Begins Ops with New Transfer Cranes

Aug 17, 2022

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…

US Works with Firms in Supply Chains to Ease Port Congestion

Aug 10, 2022

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…

Empty Containers in East Coast Ports enter FMC's Crosshairs

Aug 09, 2022

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…

Maersk to Acquire Logistics Firm Martin Bencher Group

Aug 05, 2022

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…

Port Report: Rotterdam Throughput Stays Strong Despite Russia Decline

Jul 26, 2022

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…

Protests Halt Cargo Movement at Port of Oakland

Jul 21, 2022

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…

Ocean Shipping Reform Act of 2022: Long Term Fixes, But What’s in It for the Short Term?

Jun 17, 2022

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…

Biden Signs Ocean Shipping Reform Act Into Law

Jun 16, 2022

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…

Logistics News

JF Fendercare to Supply Equipment for Terminal Expansion in Singapore

JF Fendercare to Supply Equipment for Terminal Expansion in Singapore

As Shale Oil Gains Slow, Deepwater Port Struggles for Customers

As Shale Oil Gains Slow, Deepwater Port Struggles for Customers

China's Imports of Russian Oil Near Record High

China's Imports of Russian Oil Near Record High

Port of Detroit Unveils Plan to Decarbonize Operations

Port of Detroit Unveils Plan to Decarbonize Operations

Subscribe for Maritime Logistics Professional E‑News