Logistics News

 

US Offshore Wind: Figuring Out the Business

Apr 07, 2022

If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors.Consider:Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids…

CMA CGM to Buy Auto Logistics Firm Gefco

Apr 01, 2022

Shipping group CMA CGM is set to buy auto transport company Gefco, French paper Les Echos reported on Friday, citing sources close to the matter.CMA CGM declined to comment.Gefco, in which French-Italian carmaker Stellantis holds a 25% stake…

Port Capacity in Question as UK Offshore Wind Expands

Apr 01, 2022

U.K. port bosses are scratching their heads as to how to meet demand as offshore wind, including new floating projects, ramps up around the country’s coastline.The U.K. government is pushing this source of energy and has a 40-gigawatt (GW) by…

COVID Curbs Bite at Chinese Ports, Threatening Global Supply Chains

Mar 16, 2022

The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say…

White House Aims to Boost Supply Chain Information Sharing

Mar 15, 2022

The White House on Tuesday unveiled a new pilot effort to help clear supply chain bottlenecks at congested U.S. ports by getting truckers, shippers, wholesalers, retailers and other businesses to share information.U.S. Transportation Secretary…

ZIM Announces Record Financial Year in 2021

Mar 09, 2022

Net Income of $4.65 Billion, Adjusted EBITDA  of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated…

Containershipping: VCFI Index Falls for First Time in nearly Two Years

Mar 04, 2022

Russia's war in the Ukraine and spiraling oil and marine fuel prices have conspired to drive the VCFI indes to its first loss in 18 months.Change of trend in the indicators that measure the evolution of container transport costs. Valencia Containerized Freight Index (VCFI) fell by 0…

Crowley Takes Large & Leading Role In U.S. Offshore Wind

Mar 03, 2022

There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization…

Recap: Container Logistics Implications of War in Ukraine

Mar 03, 2022

The following is a recap of the containershipping logistics challenges for the the Black Sea, Ukraine and Russia from Christian Roeloffs, co-founder and CEO, Container xChangeParts of the Black Sea and Sea of Azov are now dangerous or unpassable…

Maersk Suspends All Container Shipping to Russia

Mar 01, 2022

Shipping group Maersk will temporarily halt all container shipping to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, the company said on Tuesday.The move follows similar decisions by Singapore-headquartered Ocean Network Express (ONE)…

TRAC Intermodal, ZEBOX team to foster Logistics Innovation

Feb 28, 2022

TRAC Intermodal, a marine chassis provider, announced its new partnership with ZEBOX, an accelerator and innovation hub created in 2018 by Rodolphe Saade, Chairman and CEO of the CMA CGM group, for the supply chain, logistics and Industry 4…

Ceres to Lease and Modernize Jacksonville Container Terminal

Feb 14, 2022

The JAXPORT Board of Directors on Monday unanimously approved a 20-year, $60 million agreement between Ceres Terminals and JAXPORT for the lease and modernization of the TraPac Jacksonville container terminal in Jacksonville, Fla.In a separate transaction…

Demand Shock Behind Global Bottlenecks Should Ease in Months -WTO

Feb 14, 2022

Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization's chief economist said on Monday.The WTO had thought in October that demand for goods would slow early in 2022…

Top European Shippers Warn Freight Costs to Stay High

Feb 09, 2022

Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year, offering no relief to customers including the world's biggest retailers, though they said bottlenecks should ease later in the year.Pandemic…

US Posts Record Trade Deficit in 2021

Feb 08, 2022

The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand.The sharp widening in the trade gap reported by the Commerce Department on Tuesday…

Logistics News

Africa’s Mining Industry Providing Opportunities for Bulk Shipping

Africa’s Mining Industry Providing Opportunities for Bulk Shipping

Saudi Global Ports Adds New Cranes

Saudi Global Ports Adds New Cranes

DP World Romania Doubles Container Shipping Capacity in Black Sea Port

DP World Romania Doubles Container Shipping Capacity in Black Sea Port

India Approves $9-billion Port to Boost Trade with Europe

India Approves $9-billion Port to Boost Trade with Europe

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