Mitigating Maritime Risk
“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater. It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving. The world economy has surged over the last half century, and that growth has been largely driven by globalization and the consequent reduction in barriers to trade. Any operational disruptions in maritime transportation have wider consequences for society…
NASCENT Appoints Teti President, CEO
Fabio Teti, Chairman of the Board of NASCENT Technology, has announced the appointment of Ray West to President and CEO effective August 5, 2019.West is an experienced executive with a 30-year successful track record in the transportation industry. After a tour in the United States Marine Corps, West worked for the US Navy as a Machinist, taught apprentice Machinists, and, subsequently, worked his way into the software industry. He founded Thoroughbred Systems, Inc., served as VP of Development for Atlas Van Lines at their headquarters in Evansville…
Fourth Global Regulatory Summit Held at FMC
Senior government officials from the European Union (EU), the People’s Republic of China (PRC), and the United States met Wednesday at the Washington, D.C. headquarters of the Federal Maritime Commission (FMC) to participate in the Fourth Global Regulatory Summit.Attendees represent the competition authorities responsible for regulating international liner shipping in the world’s largest liner trade lanes. The delegations were led by Director Henrik Morch from the Directorate General for Competition of the European Commission and Deputy Director-General YI Jiyong of the Water Transport Bureau…
JAXPORT Adds Wheldon to Commercial Team
The Jacksonville Port Authority (JAXPORT), the No. 1 port by container volume in the State of Florida, has announced that transportation industry professional Lisa Wheldon has joined the organization as Director, Cargo & Intermodal Rail. Wheldon will be responsible for developing containerized cargo business in major regional markets and for managing JAXPORT’s relationships with rail service providers.Wheldon has more than 20 years of experience working in the transportation and logistics industry, most recently serving as the Director of BCO Sales for Direct ChassisLink, Inc.
INSIGHTS: Transportation Industry Outlook 2019
The driver shortage will once again shape the trucking industry in the coming year. For ocean shipping, that’s a real problem. Any transport mode is only as good as the one that immediately follows or precedes it in the intermodal supply chain.For trucking, the outlook hasn’t changed much in the last two years: Too much freight and not enough drivers to haul it. It’s both the best and worst of times all at once. True, this means the U.S. economy is still very healthy. But, it also means that carriers struggle to recruit and retain quality drivers – and that can be frustrating.
JAXPORT Unveils New Logo
The Jacksonville Port Authority (JAXPORT) unveiled its new brand today to more than 350 transportation industry professionals from across North America at the JAXPORT Logistics and Intermodal Conference in Ponte Vedra Beach, Florida.JAXPORT reimagined its brand with a new logo, new website and updated social media, positioning the Florida port as a premier, global gateway that delivers a world-class customer experience.The new logo reflects JAXPORT’s worldwide trade lanes including connections with Asia…
Ruhl Named CEO of Algoma
Ken Bloch Sørensen has stepped down as president and CEO of Canadian shipowner Algoma Central Corporation after leading the company for four years. Gregg A. Ruhl, the current Chief Operating Officer, has been named President and Chief Executive Officer and will assume that role immediately.Soerensen is said to want to spend more time with his family in Europe. He joined Algoma in April 2015 and was charged with redefining the strategic focus of the Company to include growth markets beyond North America.
MatchBack Systems, Trinium Technologies Partner
MatchBack Systems, Inc., a leading software as a service (SaaS) solution to plan, optimize and automate street-turns, and Trinium Technologies, a leading provider of enterprise software to the intermodal trucking and container drayage industries, hasannounced a technology partnership between the two companies.“It’s a logical partnership for two leading platforms to collaborate to benefit a common customer base”, said Dennis Lane, Chief Commercial Officer of Trinium Technologies. “We like the traction that MatchBack Systems has achieved in the marketplace.
Ardmore Shipping Appoints Curtis McWilliams as Chairman
The US-based chemical tanker company Ardmore Shipping Corporation announced that Reginald L. Jones is stepping down as Chairman of the Board of Directors of the Company effective December 31, 2018. Curtis McWilliams has been appointed as Chairman of the Board effective January 1, 2019, said a stock exchange announcement from the company.Jones will remain as a director until the Company's annual general meeting in 2019, when he does not intend to stand for re-election. He is a co-founder and Managing Partner of Greenbriar Equity Group LLC…
Waterson Enters Green Marine Environmental Certification Program
Waterson Terminal Services is joining Green Marine environmental certification program for its stevedoring and terminal operations at ProvPort. Green Marine is a leading North American environmental certification program for the maritime transportation industry. The program is a voluntary initiative to surpass regulatory requirements within the maritime industry.Waterson is the first terminal operator from Rhode Island to join Green Marine’s environmental certification program.
Port Oakland Opens Cold Storage Facility
Lineage Logistics and Dreisbach Enterprises announced the official opening of Lineage Cool Port Oakland, the world’s latest next-generation cold storage and logistics facility.Set on 25 acres at the Port of Oakland’s waterfront, Cool Port will serve as the newest hub for temperature-controlled cargo transitioning through Northern California.Cool Port is a collaboration between warehousing and logistics industry leaders Lineage and Dreisbach, with additional funding and support from the Port of Oakland and the State of California.
Bahri Highlights Growing US Presence
Highlighting its growing presence in the U.S., global logistics and transportation company Bahri, represented by its Bahri Logistics business unit, participated at Breakbulk Americas 2018 exhibition for the project cargo and breakbulk industry, held October 2-4 in Houston.The three-day event attracted a number of visitors and exhibitors, including specialized ocean carriers, freight forwarders, ports and terminals, logistics providers, export packers, and road, rail, barge and air transportation companies, among many others.
HudsonAnalytix and SQE Marine Team Up
SQE Marine of Piraeus, Greece, and HudsonAnalytix, headquartered in the Philadelphia, announced they have formed a Teaming Agreement between their respective organizations for collaboration in the broad area of maritime risk management. They will be working jointly to offer one another’s services and products to the shipping industry and to develop new offerings encompassing compliance, training and consulting.HudsonAnalytix and SQE Marine boast both diverse and complimentary capabilities and regional strengths.
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.
CMA CGM Celebrates 40 Years of Entrepreneurialship
40 years ago, on September 13th, 1978, Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. The day marked the beginning of an extraordinary humane and entrepreneurial adventure, said a press release.According to the statement, 40 years later, CMA CGM has become a recognized world leader, with 34,000 employees and a presence in more than 160 countries. History: It is amid the Lebanese war that Jacques R. Saadé decided to settle in Marseilles to protect his family.
Partners to Leverage AI to Optimize Maritime Logistics
Transmetrics’ digital solution optimizes marine logistics using AI technologies and Marlink’s global multi-band networkMarlink has signed an agreement with Transmetrics to establish a strategic business partnership aimed at predictive logistics optimization for maritime customers. The agreement will enable Transmetrics, a Forbes-awarded start-up, to leverage Marlink’s broadband satellite communications network, digital solutions and contacts to further develop maritime logistics innovations.
Laino Named Chembulk CCO
Chembulk Tankers named Steve Laino its Chief Commercial Officer, based out of the Southport office and responsible for all facets of our commercial strategy worldwide, including chartering, projects and client relations. Laino comes to Chembulk with more than two decades of diverse experience in the maritime transportation industry, with experience in the chemical tanker sector. Laino has held roles in operations both at sea and ashore, in commercial capacities as a tanker broker, projects broker and shipowner.
TRAC Intermodal Joins Blockchain Initiative
TRAC Intermodal has joined the Blockchain in Transportation Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry, with the goal of bringing together leading companies that are committed to developing blockchain technology. “TRAC Intermodal has joined BiTA to better understand the role that blockchain can play in improving transparency and creating greater efficiencies among all the stakeholders in chassis provisioning,” said Keith Lovetro, President and Chief Executive Officer at TRAC Intermodal.
Bahri Adds New VLCC Khurais
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92,further enhancing its market-leading capabilities in crude oil transportation. The new addition is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries (HSHI), the world’s largest shipbuilding company.
King Abdullah Port 8th Fastest Growing Port in the World
King Abdullah Port landed the eighth spot among the world’s fastest growing ports for 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development. The new ranking comes after King Abdullah Port had previously announced a 21% increase in its annual throughput in 2017, making it the second largest port in the Kingdom in terms of container handling. In a related context, King Abdullah Port moved up to 87th place among the world’s 100 biggest container ports for 2017, after ranking 98th in 2016.
In 1951, under the leadership of Capt. Fred’s son, Morton S. Bouchard Sr., (A.K.A. “Buster” Bouchard), the company builds three 20,000 barrel oil barges and three accompanying tugboats, which ran the New York State Barge Canal. The construction of these vessels would then, in the years that followed, lead to Buster’s position as a prominent figure within the oil transportation industry. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co. Celebrates 100 Years” magazine.
Bahri Adds VLCC 'Lawhah' to its Fleet
The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named “Lawhah” on Thursday, the company said. "Continuing its strong start to 2018, Bahri accepted the delivery of ‘Lawhah to further cement its market-dominant position in crude oil transportation," said a press release. The vessel, which lifts the total number of the company’s multipurpose fleet to 90, is the second of five VLCCs to be received this year from Hyundai Samho Heavy Industries (HSHI), the world’s largest shipbuilding company based in South Korea.
CMA CGM Unveils Startup Incubator Ze Box
French container shipping giant CMA CGM has set up a new global startup incubator to drive its digital strategy. Based in Marseilles, France, the incubator Ze Box is set to house a dozen of startups from around the world, starting in June this year. Located in Le Castel building, it will cover a surface of 800m² and will house, starting June 2018, a dozen of startups coming from all around the world to develop their potential. A call for applications will be launched shortly. The creation of Ze Box is part of CMA CGM’s strategy to make digitalization one of the pillars of its development.
New Digital Marketplace for Supply Chain Management
Mitsui & Co., Ltd. and Weathernews Inc. have joined forces to create a new digital marketplace for the maritime industry, called maruFreight. maruFreight operations will benefit from the financial support and expertise of Mitsui, one of the largest trading and investment companies in the world, and Weathernews, the largest weather routing company in the world. Based in Stamford, Connecticut, maruFreight will provide ship and cargo owners with an efficient, cost-effective platform for matching cargoes with suitable ships.
WFW Advises BPM on Navigazione Refinancing
International law firm Watson Farley & Williams (WFW) advised Banca Popolare di Milano S.p.A. (BPM) regarding a US$28.8m loan facility granted to L.G.R. di Navigazione and secured by, inter alia, mortgages over two medium range ice class tankers, the “Cenito” and “Posillipo”. Founded in 1865 by future Italian Prime Minister Luigi Luzzatti, BPM was Italy’s second co-operative bank. It merged with Banco Populare on 1 January 2017, to form Banco BPM, Italy’s third largest retail and corporate banking conglomerate. Naples-headquartered L.G.R.
Bahri Showcases Latest Technologies and Achievements
Global transportation and logistics company Bahri said it participated in the General Directorate of Border Guards’ celebrations of the 87th National Day and the World Maritime Day. The celebrations included a range of events and special programs for this patriotic occasion, which coincides with the Kingdom’s nomination for membership of the International Maritime Organization’s (IMO) Executive Council. During the program that was organized for the IMO Secretary General, Bahri Acting CEO, Ali Al-Harbi received IMO Secretary-General, H.E. Adm.