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…
As zero carbon cargo efforts are progressing, it is becoming more apparent that the lowest hanging fruit is in the last few miles. This is where a large amount of carbon is expended in delivering small parcels to stores and consumers’ doors…
A.P. Moller-Maersk will consider whether to buy Germany's DB Schenker, the logistics arm of Deutsche Bahn which was put for sale last year, its CEO said on Thursday.'It will have consequences whether we do the deal or don't do the deal because it changes the landscape in logistics…
Effective February 14, 2024, ESL’s flagship GALEX service will provide direct connections between key Chinese ports and the newest addition – the dynamic Saudi Arabian maritime hub of Dammam. In addition, the modified port rotation reduces transit time between key ports in China and Jebel Ali…
Gateway Zero, a developer and investor focused exclusively on next-generation energy ports infrastructure, has launched. Its mission is to unblock the path to net zero through the continued expansion of global offshore wind, and by harnessing…
Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline…
Urban Logistic Solutions (ULS) has been selected by Haropa Port in France to undertake projects that promote river transport as an alternative to road haulage and foster last-kilometer decarbonised delivery.ULS will be setting up a logistics base in Charenton (Val-de-Marne)…
deugro reports that it has delivered a 15.8 x 13.2 x 17.2-m, 392-metric ton CO2 removal system from Rizhao to the COSCO Shipyard Qidong, China.The journey began in Rizhao, China and concluded at the COSCO Shipyard Qidong, spanning a domestic…
Shipments of iron ore on the Great Lakes totaled 4.5 million tons in November, an increase of 1.5 percent from 2022. Shipments were below the month’s 5-year average by 1.7 percent.Year-to-date the iron ore trade stands at 46.3 million tons, an increase of 20…
South Africa's citrus exports remained flat during the 2023 season, missing an industry target as the country's electricity and logistics problems worsened, the national growers' association said on Wednesday.The world's second biggest citrus exporter after Spain shipped 165…
Erika Graziuso, Chief Information Officer, Crowley, brings a breadth and depth of non-maritime experience to bear in her quest to drive Crowley’s digital transformation in the name of decarbonization, holistic transportation efficiency and crew attraction and retention…
Bolloré Logistics announced Jean-Baptiste Rambaud has been appointed as CEO of Bolloré Logistics Middle East.Based in Dubai, he will work toward the development of the region. He also aims to launch new projects to drive the company’s growth in several key sectors such as aerospace…
