Maersk to Buy U.S. Warehousing and Distribution Firm
Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics solutions.Maersk said the the value of the deal is $545 million, including lease liabilities of around $225 million.The world's largest container shipping firm aims to boost its earnings from its inland logistics operations, or non-ocean business. In 2018, the ocean transport business accounted…
CMA CGM Welcomes 4th LNG-Powered Ship
CMA CGM's Containerships has announced delivery of its fourth container ship powered by liquefied natural gas (LNG), the 1,380-TEU Containerships Arctic.After the introduction of its three sister ships, the CMA CGM Group took delivery of the Containerships Arctic, on December 10th, 2019. Once it will have made its way from Guangzhou Wenchong Shipyard to Europe, the vessel’s first LNG bunkering will be carried out in Rotterdam. There, it will fuel an approximate of 200 metric tons…
MOL Turns 50 in Thailand
Mitsui O.S.K. Lines (MOL) celebrated the 50th anniversary for the establishment of Mitsui O.S.K. Lines (Thailand).On November 13, it held a party in Bangkok for customers, business partners, and others, marking the event and the centennial anniversary for the opening of liner service to and from Thailand by its predecessor, Osaka Shosen.Around 500 guests attended the event including Arkhom Termpittayapaisith, Minister of Transport, and Shiro Sadoshima, Japanese Ambassador to Thailand.
Shanghai NYK-ANJI Logistics Begins Operations
Shanghai NYK-ANJI Logistics - a joint venture operated by Nippon Yusen Kabushiki Kaisha (NYK), Yusen Logistics and ANJI Automotive Logistics (ANJI) - has begun service under a new name.NYK and Yusen Logistics will use this collaboration to begin efforts to expand their supply chain logistics, particularly in the areas of auto parts logistics and finished car logistics.Until recently, the company had been known as NYKANJI Car Transportation Co. Ltd., a joint venture founded in 2004 by ANJI (51%) and NYK (49%).Over the past decade, NYKANJI Car Transportation Co. Ltd.
Van Niekerk Takes the Helm of GAC Nigeria
Rudi van Niekerk has been tapped as the new Managing Director of GAC Nigeria, charged with the continuing development of its core shipping and liner agency business and building on four decades' operational presence in the country.Prior to his appointment, van Niekerk served as Regional Business Controller for GAC’s Africa Regional Office. He supported several offices across the Africa region and was responsible for implementing Group strategy for accounting, treasury and audit…
National Maritime Day Celebrates the Benefits of Waterborne Transportation
The maritime industry is the lifeblood of United States trade, delivering goods throughout North America and around the world. National Maritime Day, Tuesday, May 22, 2018, recognizes the benefits the maritime industry provides in the U.S. and celebrates those who work on the water. Members of the Great Lakes-St. Lawrence Seaway shipping industry are among those celebrating National Maritime Day. The Chamber of Marine Commerce is honored to represent American and Canadian shippers, ports, terminals and marine service providers who work to keep domestic and international trade afloat.
DP World to Develop Egypt Port Terminal
A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will bid for the government contract for the project later this year. The proposed ICD will increase the flow of cargo between ships and major land transportation networks in the country, creating a central distribution point.
DP World, Egypt & Suez Canal Authority To Develop Infrastructure
MOU has been signed to collaborate on development of new inland container terminal, promoting Egypt's sustainable economic growth. The three partners will bid for a government contract for the project, later this year. The proposed inland container depot (ICD) will increase the flow of cargo between ships and major land transportation networks in the country, creating a central distribution point. Under the terms of the MOU, DP World will lead and represent the alliance in the bidding process and become the ICD operator, if the tender is won. source: Reuters
Port Tech, Info Sharing Discussed
A group of leading ports from around the globe wrapped up a two-day meeting in Los Angeles this week as part of a maritime collaboration called chainPORT, a global initiative established in 2015 to digitally connect ports worldwide and boost efficiency within the global maritime supply chain. The chainPORT initiative is led by the Ports of Los Angeles and Hamburg Port Authority in Germany, in collaboration with the Global Institute of Logistics. Other ports participating in the third annual meeting are Shanghai, Antwerp, Barcelona, Montreal, Felixstowe, Indonesia and Shenzhen.
Turnkey Logistics: The Crowley Way
60 years of experience in the Puerto Rico trade corridor provides Crowley with the knowhow, means and staying power for the 60 that will surely follow. In March, the announcement that three new, ship-to-shore container cranes were scheduled for delivery to Crowley Puerto Rico Services’ Isla Grande Terminal in San Juan would normally qualify as routine logistics PR. In this case, the electric-powered cranes will be used to load and discharge containerized cargo being carried aboard Crowley’s two new liquefied natural gas (LNG)-powered, Commitment Class ConRo ships.
Montgomery McCracken Adds 2 Maritime Attorneys
The firm welcomes Stephen H. Montgomery McCracken has added two attorneys to the Maritime and Transportation practice group in the firm's New York office. Stephen H. Vengrow joins the firm as a partner and Eric Chang joins as an associate. Both were previously at the maritime law firm of Cichanowicz Callan Keane Vengrow & Textor, LLP. “We are continuing to expand the capabilities of Montgomery McCracken's Maritime and Transportation Practice Group, having grown significantly over the past 10 years, with prospects for additional growth in the next few months,” said Vincent M.
Evergreen Group Chairman Dies at 88
Evergreen Group founder and Group Chairman Dr. Yung-Fa Chang passed away at the age of 88 in Taipei on January 20, 2016. Dr. Chang was born in 1927. He founded Evergreen Marine Corporation in 1968 with just one secondhand general cargo vessel, and by 1985, the company had become the world's largest container shipping line. In 1989 he established EVA Air, extending his global business empire from shipping to airline and land transportation. Dr. Chang devoted much of his efforts to charity and social welfare, primarily through the Chang Yung-Fa Foundation.
CSX Plans $272 Million Intermodal Rail Terminal in NC
Florida-based transportation giant CSX Corp. is planning a $272 million intermodal rail terminal in North Carolina serving the Raleigh region that it envisions as a major transportation hub to make the state’s ports more competitive. The major freight rail infrastructure project in the Triangle project will spur economic development and help position the region as a major transportation logistics hub, says the company. Wilmington could reap significant benefits if the intermodal freight rail hub is built in Johnston County, state transportation officials said Thursday.
K-Line Rolls Out UAE Logistics Firm
Japan-based Kawasaki Kisen Kaisha (“K” Line) and Sharaf Group have established a new firm, K Line Shipping & Logistics (KLSL). Based in Dubai, UAE, KLSL will carry out businesses in the fields of marine transportation, logistics, land transportation, air cargo transportation, warehousing and supply chain solutions. The company will aim to develop new businesses through a network actively, "K" Line and Sharaf Group. K Line Shipping & Logistics (KLSL) is said to be the first affiliate of a Japanese shipping line to operate in the Middle East.
Giga Maritime Group Expands to Hone Competitive Edge
Automotive shipping and logistics provider Giga Maritime Group (GMG) has announced plans to invest in new IT infrastructure, the expansion and replacement of fleets, assets and vehicles as well as developing new car terminals, in an effort to hone the group's competitive edge and meet the demands of Malaysia's growing automotive industry. Datuk Kumar Prabakaran, the managing director of GMG companies Giga Shipping Sdn Bhd and Nexus Mega Carriers Sdn Bhd, said these investments…
Crowley & Titan Salvage Complete 'Sandy' Relief Projects
Crowley Maritime Corp. & subsidiary TITAN Salvage look back on their comprehensive work in response to Hurricane 'Sandy'. The storm devastated the U.S. Northeastern coast in late October 2012, and the companies were fully involved in support of relief organizations working in the areas hardest hit by 'Sandy'. The combined response efforts provided by Crowley and TITAN were extensive. Shortly after the storm, the S.S. Wright, a Crowley-managed, Maritime Administration (MARAD) Ready Reserve Force ship…
Container Tracking: Market Leader States Strategy
Gatekeeper USA, Inc. explains its marketplace and its innovation in container tracking and security. Containers account for 95% of U.S. import-export shipboard cargo. It is estimated there are 200 million shipboard trips annually among seaports around the world. The market is expanding at a rate of 10% annually. Nearly 90% of the world's manufactured goods are moved by containers. Radio Frequency Identification (RFID) is the current standard, but must be placed within 30 meters of a reader device to be effective.
'Door-to-Deck' Crew Transportation Service Launched
Marine services specialists GAC & crew travel providers Griffin team up as G2 Crew Services Ltd. to integrate crew joining services. The joint venture combines the expertise of Griffin, which coordinates the on-time arrival of 750,000 crew each year, with the local knowledge, contacts and resources of the GAC network covering more than 1,000 ports around the world. G2 Crew Services aims to provide a total transportation package for crew members joining ships worldwide, including the 'last mile' between their arrival airport and their vessel.
Horizon Delivers Two Vessels in Three Days
Horizon Shipbuilding, Inc., Bayou La Batre, Ala., has met a major corporate milestone by delivering the M/V John Grimsley #59 on Saturday, October 10, 2009 and the M/V Isla San Luis on Tuesday, October 13, 2009. The M/V John Grimsley #59 designed by John Gilbert, is a 140-ft long by 42-ft wide, 9.2-ft draft, towboat vessel that is four-decked and is outfitted for service in areas restricted to overhead clearances and draft limitations. She is powered by two EMD 710 12 CYL engines driving 99” propellers through Nico MGN 5023Z gearboxes. There are two Cummins generators to support ship’s power.