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Sunday, April 11, 2021

Logistics Services News

(Photo: GAC)

GAC Opens Office in Shenzhen, China

GAC has opened a new office in Shenzhen, China. Having its own Non-Vessel Operating Common Carrier (NVOCC) license and Ship Agency license, GAC (Shenzhen) Ltd will handle the croup’s shipping and logistics operations in South China.GAC Shenzhen’s coverage extends to the international airports in Shenzhen and Guangzhou, as well as the main logistics seaports including Yantian, Shekou, Chiwan, Huangpu, Nansha, Zhongshan, Foshan, Jiangmen, Guangxi, Shantou, Zhanjiang, Zhuhai, Haikou…

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Crowley Forms 'New Energy' Division to Focus on Offshore Wind, LNG

Crowley Shipping announced Wednesday it has formed a New Energy division to focus on offshore wind and liquefied natural gas (LNG) services in the U.S. and adjacent regions.The Jacksonville, Fla.-based maritime transportation and services firm, a longtime supporter of the oil and gas industry, said many of its U.S.-flag vessel assets, engineering and logistics services could quickly and easily pivot to support the emerging energy sectors.“At Crowley, we have a strong company culture of environmental stewardship and sustainability in not only our own operations…

Peter Finstad (Photo: Gulf Marine Contractors)

Gulf Marine Contractors Names Finstad Executive VP

Gulf Marine Contractors (GMC) said it has appointed Peter Finstad as the company's new executive vice president. Finstad's focus will be expanding GMC's logistics services to the offshore energy industry and providing commercial and operations management services to independent vessel owners and charterers."Peter has a wealth of knowledge and experience that we can't wait to tap into," said Clark Buffam, Chief Operating Officer at GMC. "As a business mentor of mine, Peter has been an integral part of developing this organization…

James Gundy (Photo: Braemar Shipping Services)

Braemar Shipping Services Names Gundy CEO

Shipbroking, financial advisory and logistics services provider Braemar Shipping Services said Wednesday it has appointed James Gundy as group CEO, effective January 1.Gundy has been the CEO of Braemar’s Shipbroking Division, the group’s largest operation, since joining the company in 2014 following the merger with ACM Shipping Group. He has been a shipbroker for 35 years specializing in tankers and sale and purchase projects. He was the CEO of ACM before the merger with Braemar.Gundy will continue to lead the shipbroking division and remain fully operational in that role…

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Maersk to Lay Off 2,000 in Business Shake-up

The world's biggest container shipping line, Maersk, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans to cut 2,000 jobs as it streamlines to cut costs.Maersk, which handles about one in five containers shipped worldwide, said that though cargo volumes were still down on last year they had picked up more than forecast after falling sharply at the height of the coronavirus pandemic a few months ago."A.P. Moller - Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses…

Bleu Hilburn (Photo: Crowley)

Hilburn Rejoins Crowley Solutions as VP, Business Development

Logistics executive Bleu Hilburn is returning to Crowley Solutions as vice president of business development for all government services. In this role, Hilburn will develop strategies to build a customer pipeline, qualify opportunities and manage all aspects of marketing, bid and capture management to drive growth and build deep relationships with government customers for Solutions.Hilburn, a 2015 Thomas Crowley Award winner, the company’s highest honor for employees, will start Aug.

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Maersk Acquires Customs Broker KGH

Maersk said on Monday it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.Maersk since 2016 has sold its oil and gas business and focussed on its container and logistics business for customers including Walmart and Nike.It handles about one in five containers shipped by sea worldwide and is seeking to speed up investments in in-land logistics services.Last year…

Neptune Pacific Acquires Pacific Direct

Neptune Pacific Line, the provider of ocean freight services between Australia, New Zealand and Fiji, said that it has acquired Pacific Direct Line(PDL) from its Singapore based parent holding company, Pacific International Lines (PIL).The acquisition makes Neptune the new owners of all of PDL’s regional and Fiji based companies. The combined business will seamlessly link transport, warehousing, depots and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets…

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FMC Commissioner Sees Some Normalcy Returning to Shipping

A U.S. Federal Maritime Commissioner said he sees some normalcy returning to trans-Pacific shipping amid widespread upheaval brought on by the coronavirus outbreak.Many Chinese manufacturing and logistics services have been severely hampered by the COVID-19 pandemic, in some cases forcing ocean carriers to cancel services to and from China and the U.S.The Federal Maritime Commission (FMC) said it has been monitoring levels of blanked sailings and conferring with ocean carrier representatives about levels of service and the potential resumption of normal trade…

Busan Builds Logistics Center in Rotterdam

South Korean port company Busan Port Authority (BPA) said that it signed a contract with Samsung SDS to operate a logistics center in Rotterdam.BPA will begin a construction of the logistics center in September this year and complete and operate it in around June 2021.Samsung SDS, a subsidiary of Samsung group has been providing information technology services,  will provide comprehensive logistics services for small and medium-sized companies conducting business between Europe…

Vinalines to Join Global Shipping Alliances

The Vietnam National Shipping Lines Corporation (Vinalines) has set sights on joining the global shipping alliances (GSA).As part of this move, Vinalines will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services.According to Acting General Director of Vinalines Nguyen Canh Tinh, the firm will focus resources on these three decisive fields, which are expected to create breakthrough development for the…

Bahri Posts 172% Surge in Q4 Net Profit

The National Shipping Company of Saudi Arabia (Bahri) has reported strong financial results for the quarter and the full year ended December 31, 2019, underpinned by an increase in returns of several business units.The transportation and logistics company said in a press release that its fourth-quarter net profit surged 172.48 percent to SAR 249.08 million ($66.4 million) from SAR 91.41 million reported in the same period in 2018.Total revenue came in at SAR 1.93 billion, up 8.85…

Sri Lankan Supercar's Journey in Maersk

The  container logistics company A.P. Moller - Maersk has embarked on a journey that covers the end-to-end logistics of first-ever Sri Lankan made electric supercar Vega EVX that will be unveiled at the Geneva Motor Show 2020 later this year in March.The car built in Colombo, started its journey from the Vega Innovations workshop in the heart of the city and is currently en route Port Rotterdam in the Netherlands from where it will continue all the way to Geneva, Switzerland.Maersk…

Yang Ming to Launch Taiwan - Japan Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that it continues to enhance its Intra-Asia service network by launching a new Taiwan–Japan service (JCH) effective from January 26th, 2020.The JCH service will provide weekly direct service between Kaohsiung, Osaka, Kobe and Hakata, said the largest Taiwan-based global shipping logistics services company, operating a fleet of more than 100 vessels.The launch of JCH service will expand Yang Ming’s existing services between Taiwan and Japan…

P&O Ferrymasters Expands in Turkey

European providers of transportation and logistics services P&O Ferrymasters has announced plans to open five new offices across Turkey over the next two years as it continues the expansion of its pan-European logistics services into Asia.In addition to its existing base in Istanbul, P&O Ferrymasters will develop a comprehensive network across the strategically vital country by opening offices in Izmir on the Aegean coast, the capital city Ankara, Mersin on the south coast, Bursa in the Marmara region and Gaziantep near the border with Syria.Murat Bog…

Bob Wellner, LGL President, second from the left, accepts the 2019 Outstanding Performance Excellence Award for “Ocean Carrier of the Year” on behalf of Liberty Global Logistics. Image Credit: LGL

Liberty Global Logistics bags Performance Award

Liberty Global Logistics Awarded FCA Ocean Carrier of the Year for 2019Liberty Global Logistics LLC (LGL) was recently awarded the 2019 Outstanding Performance Excellence Award for “Ocean Carrier of the Year” at the Fiat Chrysler Automobiles (FCA) event held in Detroit, Michigan on Wednesday, 6 November 2019.Bob Wellner, President of LGL, who received the award said, “This award is representative of continuous performance excellence and an important benchmark of customer satisfaction that we endeavor to achieve for all of our customers.

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.

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…

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.

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…

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…

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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…

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…

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.

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…