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Wednesday, December 11, 2019

Logistics Services News

Photo: Maersk

Maersk, Syngenta in New 4PL Contract

Extending their partnership with a contract for fourth-party logistics (4PL), Maersk and  Syngenta highlight their joint commitment to responsible logistics based on continuous supply chain optimization and innovation.As a  player in the agrochemical industry, Syngenta continuously looks for ways to optimise its supply chains to deliver on its ambition of producing food efficiently and responsibly and thus increasing productivity without harming the planet. A long-term cooperation with Maersk…

GE Hires Maersk's CFO as Finance Chief

General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S.

Image: G2 Ocean

G2 Ocean Targets New Markets

G2 Ocean,  a joint venture of two of the world's leading breakbulk and bulk shipping companies - Gearbulk and Grieg Star, has opened a new office in Hamburg, Germany, to achieve a stronger market position, and in response to increasing demand for project cargo services.“Germany is the manufacturing and engineering capital of Europe, and by establishing a base here, we are able to further enhance our business and service offerings in the region,” Vice President Innovation/Project Cargo Leif Arne Strømmen in G2 Ocean said.G2 Ocean’s newest addition to the team…

(Left to Right): Tien Tai, HFW; Capt. S.R. Patnaik, International Shipping & Logistics; Zhang Wei, Industrial and Commercial Bank of China Limited (ICBC); Bobby Varghese, Abu Dhabi Port; Chris Peters, Emirates Ship Investment Company LLC; Martin Aarup, Abu Dhabi Ports; Clive Woodbridge, The Maritime Standard; Trevor Pereira, The Maritime Standard; Capt. Mohamed Juma Al Shamisi, Abu Dhabi Port; H.E. Eng. Ahmed M. Shareef Alkhoori, Federal Transport Authority-Land & Marine; Capt. Abdulkareem Al Ma

Maritime Leaders Calls for Collaborative Spirit

The fifth annual Maritime Standard Ship Finance and Trade Conference highlighted the importance of the shipping, ports and other maritime sectors working more closely with the financial services sector, as well as the growing influence of green issues and digitalization.The tone was set by the keynote speaker, Ahmed Shareef Alkhoori, Director General, Federal Transport - Land & Maritime. He said: “Financial institutions have a key role to play in helping to unlock the barriers that can exist to the development of maritime businesses.

Abdullah Aldubaikhi, CEO. Photo: Bahri

Bahri Profits Up in Q3

The owner and operator of very large crude carriers Bahri announced strong financial results for the third quarter ended September 30, 2019, on the back of solid growth in the logistics services sector.The National Shipping Company of Saudi Arabia said that its net profits soared 80.52 percent to SAR 146.73 million (USD 39.12 million), from SAR 81.28 million in the corresponding quarter in 2018, primarily due to an increase in returns of several operating segments.Bahri’s revenues during the three-month period between July and September jumped 6.28 percent to SAR 1.48 billion…

Pic: Maersk

Maersk Upgrades its Digital Warehousing

A.P. Moeller – Maersk will extend its end-to-end container logistics services with JDA Software Inc.’s Warehouse Management solutions, further building its warehousing and distribution services.American software and consultancy company providing supply chain management said Maersk will gain support in its ambition to provide visibility throughout the supply chain to improve on-time performance, adapt to real-world disruptions and simplify its customers’ supply chains.Today Maersk…

© currahee_shutter / Adobe Stock

Aurelius Backs Ardent Buyout

Alternative direct lender AURELIUS Finance Company has provided financing to support the buy-out of emergency management and offshore decommissioning company Ardent from co-owners Svitzer, a global towage operator, and Crowley Holdings, a holding company of international marine and logistics services provider Crowley Maritime Corporation.The deal will see Ardent’s senior management team acquire a shareholding in the company. The financial terms of the deal have not been disclosed…

Photo: V.Group

V.Group to Manage ADNOC's 93 Offshore Vessels

Ship management and services major V.Group has signed a contract with Abu Dhabi-based ADNOC Logistics & Services to provide crew management services to 93 offshore support vessels.The ship management company said that to support the contract, and to enable further expansion in the region, it has opened a new Abu Dhabi office, which began operations in early August.The office and service function was successfully delivered within a 90-day period, as part of a formal agreement between…

Pic: Maersk

Maersk Q2 Beats Expectations Amid Trade War

The world's biggest container shipping company AP Moller-Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year.Revenue grew slightly to USD 9.6bn, which is on par with last year, and the underlying profit increased to USD 134mln from USD 15mln in Q2 2018.“Q2 was a quarter of solid progress. EBITDA was up 17% and cash flow improved 86% year on year, driven by continued recovery in Ocean,” says Søren Skou, CEO of A.P. Moller – Maersk.

Antonio Scalisi, new LSCT General Manager. Photo: Contship Italia

Contship Appoints Alfredo Scalisi

Italian container terminal, intermodal & logistics operator Contship Italia Group has appointed Alfredo Scalisi as the new General Manager of its flagship container terminal at La Spezia. His appointment was effective on July 1, 2019.Scalisi will report directly to Group President Mrs. Cecilia Battistello, who is currently covering an interim corporate role as managing director of Operations and Sales of Contship Italia Group.Scalisi previously held the role of Deputy General…

Image: A.P. Moller – Maersk

Maersk Adds APM in Logistics Division

A.P. Moller - Maersk said it will integrate APM Terminals' Inland Services division into Maersk's Logistics and Services division beginning August, providing customers with seamless access to a wider range of logistics & services offerings."This is a next step for A.P. Moller - Maersk in the implementation of our strategy to offer end-to-end solutions to our customers," said a press release.The Inland Services portfolio is a network of inland terminals around the globe consisting of 36 business units with over 100 locations.

Image: Cosco Shipping Holdings Co.

Cosco Eyes PIL Takeover

After buying several container factories from its smaller competitor Singapore-based shipping company Pacific International Lines (PIL), China’s Cosco Shipping Holdings Co. is eyeing it as a potential takeover target.The Chinese state-run ocean carrier  had bought part of debt-ridden PIL’s container-manufacturing business, and executives at the Chinese carrier believe they could wrap up a deal for the entire business if family-owned PIL’s owners decide to sell, reported WSJ.Cosco…

Photo of Tom Crowley and Will Jenkins  (Photo: Crowley)

Coast Guard Foundation Presents Award to Crowley

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, recently recognized Chairman and CEO Tom Crowley Jr. and Crowley Maritime Corporation for more than 30 years of support at its 25th Tribute to the Coast Guard Seventh District event in Fort Lauderdale, Fla. The event, originally scheduled for late January but postponed due to the partial government shutdown, was held April 18. The rescheduled date did nothing to dampen spirits…

Photo: Bahri

Bahri Expands Footprint in Asia-Pac

The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry.The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region, said a press release from the logistics and transportation company.The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company…

Kristen DeMarco, JAXPORT Chief Commercial Officer

INSIGHTS: Kristen DeMarco, JAXPORT Chief Commercial Officer

Kristen DeMarco is JAXPORT’s Chief Commercial Officer. She is responsible for leading JAXPORT’s international cargo sales and marketing initiatives as well as tracking trends and issues related to maximizing the port’s business potential. DeMarco has nearly two decades of business development experience in the logistics industry, with a track record of successfully negotiating multi-million dollar deals and building relationships with decision-makers from some of the world’s largest companies.

CMA CGM Group vessel © CMA CGM

Partnership to Test Sustainable Marine Bio-Fuel Oil

IKEA Transport & Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam have announced they will cooperate in a first of its kind partnership to test and scale the use of sustainable marine bio-fuel oil. The test will commence with a landmark bunkering of the marine bio-fuel oil on a CMA CGM container vessel on March 19th, representing a major step towards the decarbonization of ocean freight.The test is being facilitated by the GoodShipping Program, a sustainable initiative dedicated to decarbonizing ocean freight…

Pic: DP World Southampton

New COSCO Service Between UK, Europe, Russia

Chinese state-owned shipping and logistics services supplier company COSCO Shipping Lines announced a new COSCO feeder service from St Petersburg, Russia will begin calling at DP World Southampton."COSCO is to introduce a new weekly call at DP World Southampton, as part of a rotation including St Petersburg, Russia; Kotka, Finland; Southampton, UK; and Rotterdam, Netherlands," said a press release.The news comes after COSCO confirmed in February that DP World Southampton will be a permanent call on its feeder service.

Pic: Yang Ming

Yang Ming Reports $219mln Loss for 2018

Taiwanese global shipping and logistics services company Yang Ming Marine Transportation Corp. it had a net loss of $218.5 million in 2018, with operating results significantly impacted by higher fuel prices.According to a stock exchange annoucement from the ocean shipping company based in Keelung, its consolidated revenues of 2018 totaled NTD 141.83 billion (USD 4.70 billion), up 8.21 % compared with NTD 131.08 billion (USD 4.35 billion) in revenue from previous year.Volumes in 2018 increased to 5…

Marshall Islands-flagged LNG carrier ‘LNG/C Golar Snow’  (Photo: GAC Group)

GAC Handles First Tanker at New LNG Terminal

GAC has handled the first tanker to berth at the newly constructed Liquefied Natural Gas (LNG) terminal inside Kamarajar Port, Ennore in Chennai, India. The Marshall Islands-flagged LNG carrier ‘LNG/C Golar Snow’ was carrying the first consignment of 78,037m³ of LNG from Ras Laffan in Qatar for the commissioning of the terminal.Agency operations were overseen by Captain Srinivasan Sethumadhavan, General Manager of Shipping Services at GAC’s Chennai Office, who is optimistic about…

Pic: APM Terminals

APM Costa Rica Enhances Reefer Services

APM Terminals Inland Services in Costa Rica has worked closely with one of the world’s largest producers and exporters of tropical fruit.The Hague-based international container terminal operating company  said in a press release that among other things, the solution has helped optimize the flow of containers to fruit plantations on the Caribbean coast, increase efficiency and lower reefer inventory.With a large number of refrigerated containers (reefers) being shipped to global markets by Costa Rican tropical fruit exporters…

Pic: Kalmar

Kalmar Bags Uruguay Terminal Order

The provider of lifting solutions Kalmar has agreed a deal to supply seven terminal tractors and six forklift trucks to the Rio Estiba terminal in Nueva Palmira, Uruguay.The Cargotec group company said that the order was booked in Cargotec's 2018 Q4 order intake with delivery scheduled to take place in Q2 of 2019.Rio Estiba provides port logistics services, including loading and unloading of cargo, coordination of intra-port operations, in-terminal transport, and administration and cargo handling in port warehouses.

Image: Orient Overseas (International) Limited

OOIL, JD, Cosco JV for Logistics

Gold Talent, Cosco Shipping Logistics and JD Logistics  entered into a cooperation agreement to jointly invest in online logistics platform EShipping through a joint venture (JV) formation.Gold Talent is a wholly-owned subsidiary of Hong Kong-based logistics major Orient Overseas (International) Limited (OOIL). Cosco Shipping Logistics is an affiliate of Chinese state-owned Shipping and logistics services supplier company China Cosco Shipping Corporation Limited. JD Logistics…

Image: Port of Rotterdam

New Intermodal for Fresh Produce

A new dedicated perishables reefer train link between Spain and the Netherlands opened on Moday (May 06, 2019) and could save up to thousands of trucks trips a year.CoolRail, the new direct rail connection set up especially for fresh produce, will be transporting cargo between Valencia and Rotterdam three times a week.While transporting products to the Netherlands takes just as long via the temperature-controlled train as road haulage, trains are far more sustainable – with a CO2 reduction of 70 to 90% compared to trucks.CoolRail is an initiative of Euro Pool System…

Ravi Edirisinghe, Director/Chief Executive Officer - GAC Sri Lanka (Photo: GAC)

GAC Sri Lanka Taps Edirisinghe as Director

Business veteran Ravi Edirisinghe has been appointed Director/Chief Executive Officer of GAC Group of companies in Sri Lanka.He brings to his new role 27 years of knowledge and experience in strategic planning, business development and re-engineering, supply chain management, logistics and project management in diverse industries to this role. He is responsible for the strategic growth and business direction of the Group comprising GAC Shipping Ltd, GAC Marine Services Pvt Ltd and GAC Logistics Ltd.

The CMA CGM refueling operation (CREDIT: GoodFuels Marine

CMA CGM Boxship Refuels with Bio-Fuel

Previously announced IKEA, CMA CGM, GoodShipping Program and Port of Rotterdam pilot celebrates milestone moment in industry-first partnership.IKEA Transport & Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam announced the successful refueling on Saturday, March 23 of the CMA CGM White Shark with sustainable marine bio-fuel oil.The test, which represents a major step for the decarbonization of ocean freight, saw the companies work together in a first-of-its-kind partnership for the shipping industry.

Photo courtesy of Konecranes

Konecranes Delivers Reach Stackers to Ethiopia

Through distributor QOPH Engineering Enterprise, Konecranes has delivered 13 reach stackers to Ethiopian Shipping and Logistics Services Enterprise (ESLSE). This order has put 10 reach stackers at Modjo Port & Terminal, Ethiopia’s main dry port which handles most of the country’s trade, with the smaller inland terminals of Kaliti, Mekelle and Kombolcha to get one new reach stacker each. With a capacity of 45 tons, the stackers will be used to handle 20-foot and 40-foot containers at the dry ports.Every reach stacker in the order features a smart MD4 display and multifunctional joystick…