The Port of Los Angeles’ Port Optimizer™ technology data portal will receive a series of major enhancements, thanks to an $8 million grant from the California Governor’s Office of Business and Economic Development (GO-Biz).The award was the…
Due to rising temperatures, droughts, floods and other climatic events, the logistics sector is requiring greater attention and adaptation from companies around the world. The potential for interruptions in the supply chain is sizeable and has become one of the sector's biggest concerns…
Shell inaugurated on June 17, 2024, its first self-developed megawatt charger for dual use by both electric trucks and shipping vessels at the Energy Transition Campus Amsterdam (ETCA). The capacity of the megawatt charger corresponds to about three 350 kW…
Global supply chains are braced for further disruption and increasing costs after US President Joe Biden announced new tariffs on Chinese imports on Tuesday.The tariffs will be imposed on a wide range of Chinese imports including semi-conductors…
The western oil- and grain-producing province of Alberta on Monday urged Canadian Prime Minister Justin Trudeau to do all he could to head off potentially devastating strikes by railway and port workers.Staff represented by the Teamsters union…
DP World on Monday announced it has completed its acquisition of Savan Logistics, which operates the Savannakhet dry port in the Savannakhet Special Economic Zone (SEZ) in Laos, the first SEZ in the country. Savan Logistics has been operating the dry port since 2016…
State, city and Port of Long Beach officials Thursday joined Toyota Motor North America and FuelCell Energy to celebrate the grand opening of the first-of-its-kind “Tri-gen” system to generate renewable hydrogen, electricity and water to support…
CPC Coli Project Cargo in Istanbul reports it has started out 2024 strong with a positive first quarter.The company said it contracted a continuous flow of industrial project cargo shipments. The full subsidiary of COLI Group (Germany) handled projects consisting of more than 10…
“Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen…
Danish shipping and logistics firm DFDS said on Tuesday it has agreed to buy the international transport network of Turkey's Ekol Logistics for 1.9 billion crowns ($277 million) and lifted its sales growth forecast for the year.The network connects…
DP World announced it is investing US$50 million (approximately ₩66 billion) to develop a new logistics center in Busan New Port.Construction of the facility in the 75,000-sqm land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026…
SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million…
Denmark-headquartered transportation and logistics company Blue Water announced the opening of its new project logistics hub in Bremen, Germany, a move that targets regional growth and aims to help expand the company's energy, ports and projects division…
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…
The EU Commission on Friday said it had cleared the acquisition of the logistics operations of conglomerate Bollore by shipping group CMA CGM, subject to a number of conditions proposed by the companies.The commission, which oversees competition policy in the 27-nation European Union…
