DSC Dredge CEO Wetta Delivers Ghana Fact-Finding Trip Report

As a member of the President’s Advisory Council – Doing Business in Africa (PAC-DBIA), Bob Wetta attended the September 26, 2018 Fact-Finding Trip Report meeting in Washington, D.C., with U.S. Secretary of Commerce Wilbur Ross and 13 other U.S. Government officials. Their purpose was to deliberate and adopt the final report of the 2016-2018 term of the PAC-DBIA. Prepared by IBM’s Takreem El-Tohamy, but unfortunately unable to attend the meeting, Bob Wetta presented the Ghana information…

SeaCube Commits to Digital Transformation

SeaCube Container Leasing said it plans to provide its customers with access to leading-edge technology without the burden of a major capital financial investment.SeaCube offers a menu of options that affords customers the flexibility to develop customized solutions as well as select the technology and telematics vendor that fits their needs.“Our customers want to enhance their standard equipment offering with innovation and technology, but the initial capital outlay can often times be cost-prohibitive.

The 2020 Global Sulphur Cap: ABS Aid for Greek Shippers

Leading Greek shipping industry stakeholders joined ABS, a global provider of classification and technical advisory services to the marine and offshore industries, for a workshop on drafting 2020 sulfur limit Ship Implementation Plans (SIP).Intended to help shipping companies and crew ready their vessels for compliance with the required sulfur content limit of 0.50% by 1 January 2020, the ABS workshop identified risks associated with design and operations of vessels in relation to the IMO regulation, including a HAZID study.

Nor-Shipping Appoints First Sustainability and Technology Chief

Nor-Shipping is continuing its mission to build ‘your arena for ocean solutions’ with the recruitment of its first Head of Sustainability and Technology, Silje Bareksten.A press release stated that the development marks another step in an evolution that aims to realign the event week to support, serve and enable the maritime industry of tomorrow."Over the course of 2018 Nor-Shipping has rebranded, repositioned to help its maritime base exploit the potential of increasing ‘ocean industry’ activities and announced that its exhibition Hall A will now focus on the Blue Economy…

Seabury Maritime Expands Executive Team

The global maritime and transportation investment bank and industry advisory Seabury Maritime PFRA (SMPFRA), a division of Seabury Capital Group, announced the appointment of Fernando Lehrer as Executive Director, Head of Marine Services, and Nikos Petrakakos as Vice President, Head of Maritime Environmental Innovation.Lehrer and Petrakakos are joining the SMPFRA’s leadership to further advance the company’s strategy to provide an integrated platform to its clients that delivers…

GNS, SIRM Join to Povide Cloud-based Services for Ship Managers

The  maritime technology company Global Navigation Solutions (GNS) and the supplier of navigation and telecommunications equipment and services SIRM have announced a new strategic partnership.The new partnership will combine GNS’s expertise in data intelligence, back of bridge software and navigation with SIRM’s cloud-based services and telecommunications capability to deliver a new generation of ship-shore technology solutions and enhance office-based situational awareness."Agreement…

Georgia Moves 630K Cars, Trucks and Tractors in FY18

GPA details plan to double Brunswick capacity to 1.5 million units.At the Brunswick State of the Port today, Georgia Ports Authority (GPA) Executive Director Griff Lynch detailed Fiscal Year 2018 successes, including 630,000 units of cars, trucks and tractors handled through Georgia terminals. "The Port of Brunswick achieved a solid performance across all cargo categories over the last fiscal year," Lynch said. "As GPA adds new terminal space, we will expand our service area in the Southeast and beyond." During the event hosted by the Brunswick Golden Isles Chamber of Commerce…

Hurtigruten Orders New Hybrid Powered Expedition Ship

Hurtigruten continues to push the borders for green travel – and orders new, groundbreaking hybrid powered expedition cruise ship.Hurtigruten, an expedition cruise operator, has signed a memorandum of understanding with Norway’s Kleven Verft AS for the construction of their third hybrid powered expedition cruise ship.The new ship’s design, construction, engineering and advanced technology will be based on Hurtigruten’s two next-generation ships, MS Roald Amundsen and MS Fridtjof Nansen…

Shanghai Lingang Invests in Zeebrugge Port

Chinese investment by the Shanghai Lingang Overseas Development  in the port of Zeebrugge was officially signed in Brussels by Liu Jiaping, Chairman of Lingang, and Coens Joachim, CEO of Port of Zeebrugge.The agreement was signed in the presence of the prime minister of the People’s Republic of China, Ki Keqiang, and the prime minister of Belgium, Charles Michel.Port of Zeebrugge already announced the investment by the Chinese group Lingang in the Maritime Logistic Zone to establish a service and distribution park.

ShipMoney Announces New Appointments in Europe

Specialized global maritime payments provider ShipMoney has announced a series of high level appointments to its European operations team.Roula Zachariou joins the ShipMoney team as Vice President of Business Development and Client Management. She brings with her over 20 years of local knowledge and relationships in the Greek and Cypriot maritime markets which will immediately boost ShipMoney’s ability to support clients locally as well as continue to develop and grow business…

Abu Dhabi Ports, MSC Join with Silsal for Blockchain Solution

Abu Dhabi Ports subsidiary Maqta Gateway said that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics.Silsal provides a seamless and secure link between stakeholders across the trade community using the electronic ledger system.As a major carrier, MSC will provide vital information and feedback on the international pilot project…

COSCO Makes Liverpool Call

The Port of Liverpool welcomed a vessel call from COSCO on Wednesday.The MV Jork called at Liverpool after a stop in Rotterdam before returning with U.K. exports. In Liverpool it unloaded mainly high value Asian goods for fast delivery into the supply chain across the U.K.The Port of Liverpool boasts a consistent truck turnaround time of less than 40 minutes, unrivaled by its peers in the South – meaning cargo is expected to be at its final destination hours after discharge on…

China Unveils Plan for Hainan Free Trade Zone

China on Tuesday granted the southern province of Hainan free trade zone (FTZ) status, vowing to significantly ease restrictions on foreign investment on the island in sector from agriculture to medical services.Known for its sandy beaches and resort-lined coast, Hainan is the headquarters of China's aviation-to-financial services conglomerate HNA.President Xi Jinping first said in April China would set up a free-trade pilot zone and build an international free trade port in Hainan.Spanning 35,400 square kilometers, the Hainan FTZ would be much bigger than China's eleven existing FTZs, which a

Polish Maritime Industry Gathers for Annual Maritime Economy Forum

More than 600 maritime professionals have gathered for the 18th annual Maritime Economy Forum, in the port city of Gdynia in Poland.The forum held at the Pomeranian Science and Technology conference center is now one of the biggest and most influential maritime events in Poland. The event saw representatives from Poland’s ship-building, ports, shipping, manufacturing and small business sectors attend. The forum hosted 30 speakers and witnessed a number of hard-hitting speeches…

Abu Dhabi Ports, Etisalat Annouce Partnership

Abu Dhabi Ports and Emirates Telecommunication Group Company(Etisalat) have signed a memorandum of understanding (MoU) focused on advancing technological capabilities and business opportunities in support of Abu Dhabi Economic Vision 2030.The partnership focuses on building shared electronic projects and networks, exchanging knowledge, simplifying procedures, securing fixed and wireless telecommunications coverage, and managing operational risk.Etisalat will also help Abu Dhabi Ports to adapt to the latest telecommunications technologies, business models, and customer behaviours.

U.S. Coast Guard's Maritime Commerce Strategic Outlook released

U.S. Coast Guard Commandant Admiral Karl L. Schultz has issued the Coast Guard's 40-paged document that outlines their "VISION for Enabling Maritime Commerce." He introduces the new paper in an open letter to industry, as shown below:America is a maritime Nation. It is a Nation shaped by seafarers who recognized the tremendous economic potential derived from unrestricted access to the oceans, internal waterways, deep-water ports and protected straits and bays. This geostrategic advantage favorably shapes our Nation’s security…

Long Beach Moves 8 Mln TEUs in Fiscal Year

The Port of Long Beach closed out the 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months, the most ever, representing a 10.7 percent increase over fiscal year 2017. The port's fiscal year is October 1 to September 30.“We are poised to break our calendar year record at the end of December,” said Port of Long Beach Executive Director Mario Cordero. “Despite the tariffs imposed by Washington and Beijing, international trade is showing resilience…

New Mental Wellbeing Guide for Seafarers

In a joint initiative, the American Club and Seamen's Church Institute (SCI) have cooperated to produce a new guide, Caring for Seafarers’ Mental Wellbeing, due for release on October 10 in recognition of World Mental Health Day, 2018.The document provides guidance on responding to both routine and extreme stressors impacting the quality of life and safety of seafarers both ashore and afloat, and seeks to promote awareness generally of the importance of seafarer mental well being.Numerous…

Maersk Launches Startup Accelerator

AP Moller - Maersk has launched India-focused OceanPro, a 120-day accelerator program to give shipping and logistics startups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers and further accelerate global digital transformation.“We recognize the immense potential of India’s technology and digital talent and are looking to capitalize on these capabilities to help the logistics industry worldwide, to reinvent itself,” said Søren Skou, CEO, A.P.

APM Terminals Starts Direct Rail Connection with Venlo

APM Terminals Maasvlakte II has set up a new rail shuttle to the Cabooter Terminal in Venlo. Under the new schedule, a total of three trains will be loading and unloading at this terminal every week.The trains will carry both import and export cargo. The new initiative doubles the number of rail connections between Rotterdam and Venlo’s Cabooter Terminal.“The shuttle to Venlo will help us to move containers more quickly from Rotterdam to the hinterland,” says Roy de Haan, APM’s Head of Commerce Management. “Venlo is an important logistics hub.

Avondale Yard to Be Repurposed as a Multimodal Hub

The former Avondale Shipyard facility in Louisiana will be redeveloped into a logistics and intermodal hub under a joint venture group that took ownership of the shuttered shipyard today.The Avondale site, located just upriver from New Orleans, built and repaired commercial and military vessels for more than 75 years, most recently as part of Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division, until the facility ceased operations in December 2014.New development plans announced today will see the 254-acre site repurposed as a multimodal…

ABB Acquires Logistics Tech Firm intrion

Swedish-Swiss multinational corporation ABB has completed its acquisition of intrion, with the aim of boosting its expertise in fast-growing logistics automation market.intrion is a privately owned company headquartered in Huizingen, close to Brussels, with approximately 120 employees and over a decade of experience in logistics automation solutions and services for the logistics, food and beverage and pharmaceutical industries.The acquisition was announced on July 24, 2018. The…

Global Blockchain Technology Market in Logistics to Grow 82.86% by 2022

The global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022.Blockchain technology is a cryptographically managed, distributed ledger system offered by vendors such as IBM, Microsoft, Oracle, SAP, and Tata Consultancy Services.The latest trend gaining momentum in the market is the advent of blockchain as a service (BaaS) which will lead to the growth of the market, according to Global Blockchain Technology…

Golden Ocean Group Appoint Two New Board Members

Norway based dry bulk shipping company Golden Ocean Group Limited IGOGL) has announced that Ulrika Laurin and James O'Shaughnessy have been elected as new board members.Ulrika Laurin has been the Executive Chairman of ship-owning company Anglo-Atlantic Steamship Co. Ltd. and the Chairman of Laurin Shipping AB, an international ship-management company.She has served as the CFO of Anglo-Atlantic Steamship Co. Ltd. and as Commercial Manager of Laurin Maritime (UK) Ltd. Prior to that, she worked with fund manager Tufton Oceanic Ltd. and with management consultant Karlöf & Partners.

DeNike Presented with Connie Award

Edward Anthony DeNike, president of SSA Containers, a division of Carrix, received the 2018 Connie Award presented by the Containerization & Intermodal Institute (CII) in Long Beach, Calif., on Tuesday. DeNike was honored for his contributions to containerization and international trade and transportation industry over the course of the last five decades.The dinner event honoring DeNike was held in conjunction with the IANA Intermodal EXPO and attracted more than 250 people."It is no surprise that our recipient, Ed DeNike – an industry legend – has attracted a record-breaking crowd.

Keppel Partners GTT on LNG Solutions

Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies to jointly market liquefied natural gas (LNG) solutions leveraging GTT's membrane containment systems and Keppel's shipyard expertise.Keppel O&M's network of global yards will be able to offer GTT's LNG systems in the design, construction and maintenance of LNG carriers, LNG Bunker vessels, LNG-fuelled vessels, and floating storage and regasification units (FSRU).Since completing its first LNG carrier repair in 1990…

Kings Point Alumni Release Commemorative Video

Video marks Academy's 75th year and those who made the ultimate sacrifice.Alumni of the United States Merchant Marine Academy (USMMA) released an inspiring video to commemorate the 75th anniversary of the institution and memorialize midshipmen who have died in service to the nation. Over the summer, the USMMA Alumni Association and Foundation (USMMA-AAF) has been executing a multi-faceted campaign to mark the federal academy's decades of service and the foundational role it plays…

New Report Highlights Positive Impact of Illinois International Port District

The Great Lakes Seaway Partnership announces the release of Economic Impacts of the Port of Chicago, a report documenting the many contributions made by the Illinois International Port District (IIPD) and Great Lakes Seaway Shipping to the City of Chicago, Cook County, State of Illinois and Great Lakes region.The study reports that in 2017 the IIPD and maritime commerce supported:6,381 jobs$820.4 million in economic activity$514.8 million in personal income and local consumption…

Volvo Shows Off Self-driving Truck With No Cab

Sweden's Volvo, the world's second-biggest truck maker, presented a new self-driving electric truck on Wednesday, which it said should help respond to the boom in ecommerce and a shortage of freight drivers.Volvo said the truck, which does not have a driver's cab, was still under development and declined to say when it would be available commercially. It expects the vehicle to be deployed first in places like ports and large logistics centers."We believe there will be a driver behind the steering wheel for the foreseeable future…

China Launches New Marine Satellite

China successfully launched a new marine satellite into orbit yesterday (Friday) to help improve understanding of maritime waters and study the impact of climate change, Xinhua reported.A Long March-2C rocket carrying the HY-1C satellite took off at 11:15 a.m. from the Taiyuan Satellite Launch Center in north China's Shanxi Province.The satellite will assist in monitoring ocean colour and water temperatures, providing basic data for research on the global oceanic environment, reports Xinhua…

Sea Machines Moves to Larger, Waterfront Location in Germany

U.S. based Sea Machines announced that it has moved its team in Hamburg, Germany to a larger waterfront work space in the Hammerbrook area.The company said the move supports growing in interest in its autonomous controls and advanced perception technology in European markets ahead of an upcoming product release. The new location more than triples the space Sea Machines had previously and provides dockage for the company's test vessels. The space also accommodates the locally expanding team…

CMA CGM Launches New Reefer Tech

Shipping group CMA CGM has launched an advanced technology for the transportation of highly sensitive fruits and vegetables by active controlled atmosphere.CLIMACTIVE, unveiled at the 2018 edition of the Asia Fruit Logistica fair, is the latest and most advanced solution to maintain sensitive commodities’ freshness to destination, by faster reducing the level of oxygen inside the container equipped with DAIKIN Active CA.CLIMACTIVE is created for highly sensitive commodities that require special attention due to their biological specificities and maturation time.

DNV GL Rolls-out Digital Hub in Singapore

DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security and digital development – including support for DNV GL’s open industry platform Veracity.The digital hub, part of DNV GL – Digital Solutions…

Rolls-Royce Health Management Solutions to Harness Power of Data

Rolls-Royce continues to develop its ship intelligence offerings to the market, and now introduces a pioneering new solution for Health Management of ship equipment.The technology is aimed at elevating the way in which customers manage and maintain the equipment and systems onboard their ships.Health Management is designed to provide ship operators with an unsurpassed level of understanding of the operational health and performance of all the machinery installations onboard.Developed by the Ship Intelligence team at Rolls-Royce…

ABS: New Technology to Support Drilling Riser Programs

ABS announced it has issued the first “Concept Verified” Statement of Maturity to Stress Engineering Services (Stress) for its riser CBM program using Real Time Fatigue Monitoring System (RFMS) with Subsea Vibration Data Logger (SVDL) technology, and to LaserStream, LP (LaserStream) for its Bore Erosion Measurement and Inspection System (BEMIS).This is the second of five technology qualification stages to be completed by Stress and LaserStream for new technology that supports…

Port of Antwerp Introduces Fully Automatic Sounding Boat

Port of Antwerp reached a new milestone with the introduction of a fully automatic sounding boat that employs unique technology. The vessel, named the Echodrone, is a prototype that is currently being developed to supplement the other operational sounding boat, the Echo.Both of these carry out measurements of the water depth everywhere in the port so as to guarantee safe passage for shipping. The cloud-based technology – a first – has been developed in partnership between the…

Kalmar to Open North American Customer Experience Center in North Charleston

Kalmar, part of Cargotec, broke ground on a Class A industrial build-to-suit project in North Charleston, S.C., with developer Landmark Enterprises on August 15, 2018. The new Customer Experience Center (CEC) will serve as a showroom, training facility, demonstration area and customer service center for Kalmar's North American mobile equipment business, including counterbalance and container handling products."The Kalmar sales team is eager to open this facility in the critical Charleston market," said Steve Cianci, Vice President, Mobile Equipment Solution Sales.

NYK, Toyokoh to Address Steel Corrosion on Ships

NYK has signed a memorandum of understanding with Toyokoh Inc. to examine a joint business development utilizing Toyokoh’s "CoolLaser" technology in the maritime field.NYK aims to reduce the maintenance workload of crew on deck, in addition to dry-dock costs for repairs, and will discuss development of a business to provide a more efficient and environment-friendly maintenance method using Toyokoh’s epoch-making laser technology.Steel used on a ship’s deck is always susceptible to rust due to the harsh outdoor ocean environment that can lead to corrosion arising from severe salinity…

Mississippi River Ship Channel Deepening Project Moves Forward

The Mississippi River Ship Channel could be the first port complex on the Gulf Coast to reach a depth of 50 feet now that the Director’s Report has been signed by the U.S. Army Corps of Engineers. Elected officials and industry leaders have long worked to increase the channel’s depth to 50 feet, which is the same depth of the expanded Panama Canal.In signing the Report, Corps of Engineers Director of Civil Works James C. Dalton stated the project is “economically justified and…

Port Manatee, Carver Maritime Ink Long-term Terminal Deal

Port Manatee and Carver Maritime LLC have entered a long-term marine terminal operating agreement for a 10-acre aggregate offloading facility at the Florida Gulf Coast port.The agreement, for as many as 20 years including options, was approved Thursday by the Manatee County Port Authority and ensures property lease payments totaling $1.8 million for the initial five-year term, in addition to wharfage payments for annual cargo throughputs.Carver Laraway, president of Altamont,…

Hapag-Lloyd Investing in East Africa

German shipping company Hapag-Lloyd is continuing to focus on the growing market in East Africa, where annual growth rates of approximately six percent lead the African continent.In April 2018 Hapag-Lloyd launched the East Africa Service (EAS), its first dedicated service to East Africa. The weekly service sails from Jeddah to Mombasa, and from there to Dar es Salaam, in Tanzania, and directly back to Jeddah. The service will be expanded in September with a weekly connection to and from Nhava Sheva, Mundra, Khor Fakkan, Jebel Ali, Mombasa and Dar es Salaam.

XLProjects Gains ISS in United Arab Emirates

Inchcape Shipping Services (ISS) serves Dubai with regular scheduled airfreight consolidations, handling a wide variety of cargo’s with the greatest ease. Their logistics professionals specialize in servicing all your airfreight needs, from documentation to communications to worldwide shipment tracking. Focused but not confined to import/export to the whole of GCC, their air cargo operation is streamlined to make trade and commerce easy for importers and exporters of the Arabian Peninsula. ISS handles all aspects of ocean bound cargo on behalf of importers and exporters worldwide.

Strong July Across Great Lakes Gets Seaway Tonnage

Great Lakes-St. Lawrence shipping continues to bounce back after a slow start. With strong tonnage numbers in July, particularly shipments of U.S. grain, liquid bulk and project cargo, the 2018 shipping season is right on par with the healthy statistics posted last year.Overall cargo shipments on the St. Lawrence Seaway between March 29 and July 31 totaled 16.5 million metric tons. Areas of strength included U.S. grain shipments totaling 888,000 metric tons, up 32 percent over last year. Liquid bulk shipments totaled 2.3 million metric tons, an increase of 25 percent.

Transinsular Reinforces Connection Between Europe and Africa

The Lince Class service from Transinsular, a GRUPO ETE company, will start to call Total Terminal International Algeciras (TTI) from August 23, 2018, opening a direct link from the Spanish mainland to Cape Verde (Praia and Mindelo), that will also serve as a cargo transshipment hub for the Mediterranean, namely other ports in Spain, as well as Italy, Greece and Turkey.The strengthening of the Lince Class with a new call in the European continent (it already links Leixões and Lisbon to Cape Verde)…

Port of Antwerp Tests Autonomous Sounding Boat

Port of Antwerp has reached a new milestone with the introduction of a fully automatic sounding boat that employs unique technology. The vessel, named the Echodrone, is a prototype that is currently being developed to supplement the other operational sounding boat, the Echo.Both of these carry out measurements of the water depth everywhere in the port so as to guarantee safe passage for shipping. The cloud-based technology – a first – has been developed in partnership between…

Deep Casing Tools Re-enters Canada

Aberdeen-based oil field technology firm Deep Casing Tools (DCT), which specialises in the design and manufacture of casing and completion tools, has agreed a pact with a Canadian distributor, ProTorque Connection Technologies (PTCT).The partnership with ProTorque, a tubular running service business, will see Deep Casing Tools re-enter the Canadian market, which historically was a successful region for the company.Deep Casing Tools previously had an office in Alberta, Canada, but during the more challenging times of the oil and gas industry downturn and a reduction in drilling activity…

Auto Collision Avoidance Project for Vessel Safety

Mitsui E&S Shipbuilding (MES-S), Mitsui O.S.K. Lines (MOL), Tokyo University of Marine Science and Technology (TUMST), Akishima Laboratories (Mitsui Zosen)  announced that on July 25, their proposed joint demonstration project related to the safety of vessels' auto berthing and un-berthing was selected for Japan's Ministry of Land, Infrastructure, Transportation and Tourism (MLIT)'s FY2018 autonomous vessel demonstration project.Human errors account for 80% of marine accidents…

Eidesvik Offshore, Wärtsilä Norway and DNV GL Celebrate FellowSHIP

Project partners Eidesvik Offshore, Wärtsilä Norway and DNV GL have announced the closure of the FellowSHIP research project. The cooperation has explored the use of battery, hybrid and fuel cell technology in the maritime industry for over 15 years.“FellowSHIP has been a flagship research project,” states Bjørn-Johan Vartdal, Maritime Programme Director for Technology and Research in DNV GL Group. “The results from FellowSHIP have shaped our knowledge of battery and hybrid power…

Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries

Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021, bringing the Partnership’s orderbook to six shuttle tankers.These newbuildings will be constructed based on Teekay Offshore’s New Shuttle Spirit design which incorporates proven technologies to increase fuel efficiency and reduce emissions, including LNG propulsion technology.Upon expected delivery in late-2020 through early-2021…

Iran Naval Drills Underway Amid Tensions with U.S.

The United States believes Iran has started carrying out naval exercises in the Gulf, apparently moving up the timing of annual drills amid heightened tensions with Washington, U.S. officials told Reuters on Thursday.One U.S. official, speaking on condition of anonymity, said possibly more than 100 vessels were involved in the drills, including small boats. A second official expected the drill could be wrapped up this week.Iran has been furious over U.S. President Donald Trump's decision to pull out of an international nuclear deal and reimpose sanctions on Tehran.

XPO profit buoyed by strength in 'last-mile' deliveries

XPO Logistics, one of the largest global freight transportation and warehousing companies, reported a jump in quarterly profit on Wednesday, fueled by shipments of heavy and bulky items and strong demand for e-commerce order fulfillment.Greenwich, Connecticut-based XPO is North America's largest provider of "final-mile" deliveries of heavy goods like Home Depot barbecue grills and Best Buy televisions from warehouses direct to homes.

Cruise Industry Embraces Transcritical CO2 Technology

International technology group GEA signed a contract for its new transcritical CO2 industrial refrigeration technology, with P&O Cruises, part of Carnival Corporation & PLC.The green refrigeration technology has already been installed on board P&O Cruises 2,000-passenger ship Arcadia, where it will deliver the energy-efficient cooling supply for all of the ship’s food and beverage refrigeration units. Discussions between GEA and P&O Cruises are ongoing with a view to rolling out the state-of-the-art transcritical CO2 refrigeration plants to additional cruise ships in the existing fleet…

Port of Corpus Christi Raises USD 216mln for Ship Channel Expansion

Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port.Wells Fargo Securities acted as Lead Manager of a syndicate of underwriters including JP Morgan, Citigroup, and Frost Bank.“We are pleased with the level of interest the institutional investment community demonstrated for both series of our bonds.” said Sean Strawbridge, CEO of the Port of Corpus Christi.

Quadrise Fuels Signs MoU with Freepoint Commodities

Fuel oil technology firm Quadrise Fuels International said it had signed a non-binding memorandum of understanding with commodities trader Freepoint Commodities to provide commercial opportunities for its MSAR fuel technology product.The Synthetic fuel developer said that this followed the effective end of a trial in Saudi Arabia for a combustion boiler project that would have used MSAR due to the lack of an agreement between the utilities involved. MSAR is a low viscosity oil in water emulsified synthetic HFO.Freepoint…

ZF Appoints New Board Members

ZF Friedrichshafen AG's Supervisory Board has appointed Sabine Jaskula and Dr. Holger Klein to the company's Board of Management.Jaskula, an experienced HR manager and lawyer, will be responsible for Corporate HR and Legal functions from latest January 1, 2019. In this function, she will also be in charge of compliance. Dr. Klein has been appointed to ZF's Board of Management with effect from October 1, 2018. His responsibilities will include Car Chassis Technology and Aftermarket (service and parts business).

Great Lakes-Seaway Shipping Boosted in June

United States grain exports via the St. Lawrence Seaway are up 32.1 percent this season compared to 2017. Construction materials were also heavily influential in the latest results with a nearly 38 percent increase in asphalt from the same time last year, as well as increases in cement and stone.“Summer is the season for construction projects and ships have been delivering materials for major building projects across the region,” says Bruce Burrows, President of the Chamber of Marine Commerce. “U.S.

Navis Taps Krishnamoorthy to Drive Tech Development

Terminal operating systems (TOS) provider Navis, part of Cargotec Corporation, announced that former Sabre and PayPal leader Lakshmanan “Laks” Krishnamoorthy has joined the company as Vice President and General Manager of Engineering.In his new post, Krishnamoorthy is tasked with driving technology innovation and leading product and service development for the N4 TOS, XVELA, Navis Carrier and Vessel Solutions (NCVS) and future business lines. He is the latest technology leader…

Multipurpose Cargo Berth Construction Moves Ahead at Port Canaveral

Work is underway on a multipurpose cargo berth project at Port Canaveral that also will accommodate facilities for the growing commercial space industry.Scheduled for completion in mid-2019, North Cargo Berth 8 (NCB8) on the port’s north side will provide the infrastructure and capabilities to handle a growing portfolio of heavy and oversized cargo, including commercial spacecraft components for such companies as SpaceX. NCB8 is designed and engineered as a multimodal/intermodal…

ABB Accelerates Logistics Growth with Acquisition of Intrion

ABB will acquire Intrion, a privately owned company headquartered in Huizingen, close to Brussels, with approximately 120 employees and over a decade of experience in logistics automation solutions and services for the warehouse and distribution, food and beverage, and pharmaceutical industries.Its expertise covers a full spectrum of logistics automation solutions including inline checking, product picking, packing, palletizing, conveying, storage, sorting and sequencing, and order picking.

Great Lakes Shipping Supports 237,000 Plus Jobs

The new study by the Department of Transportation Great Lakes - Saint Lawrence Seaway says that shipping  supports more than 237,000 jobs and billions in economic activity.A year-long study of the economic impacts of the entire Great Lakes-St. Lawrence Seaway navigation system is a definitive and detailed report documenting the many contributions made by the Great Lakes Seaway system to federal, state/provincial and local economies.The study reports that in 2017 maritime commerce supported: 237…