business

[Watch] The Next Gen Automated Vacuum Mooring Solution

Cavotec launches its next generation automated vacuum mooring solution, MoorMaster NxG, says a press release published on their website.

Reduce fuel consumption

Shipping companies and ports worldwide can now make every minute matter. 

With a simpler and faster implementation of Cavotec’s next generation automated vacuum mooring solution “MoorMaster NxG”, companies can significantly reduce fuel consumption and increase port productivity. 

About MoorMaster NxG

Reduced docking times

MoorMaster NxG will...

https://mfame.guru/watch-the-next-gen-automated-vacuum-mooring-solution/?amp;amp;

GECAS to lease first 777-300 converted freighters to Kalitta Air

Kalitta Air

GECAS Cargo, a subsidiary of General Electric (NYSE: GE), said Kalitta Air will be the launch customer for its Boeing 777-300 converted freighter program.

Financial terms of the deal were not disclosed, but GECAS said the planes will be delivered to Kalitta in 2023.

The 777-300ERSF, called the “Big Twin,” will be the largest twin-engine aircraft conversion to cargo service and is viewed as an excellent replacement for the aging four-engine 747 freighters.

GECAS delivered its first 777 passenger...

https://s29755.pcdn.co/news/gecas-to-lease-first-777-300-converted-freighters-to-kalitta-air

TuSimple teams with Hillwood on Texas logistics hub

  • TuSimple has secured property for a logistics hub in an innovation zone located near the Fort Worth Alliance Airport.
  • The 9,600-square-foot facility represents a “significant investment” for the San Diego-based startup.
  • The project, to be developed by Hillwood, the development firm founded by Ross Perot Jr., will house autonomous truck operations, service and administrative support.

TuSimple has secured property for a logistics hub in an innovation zone located near the Fort Worth Alliance...

https://s29755.pcdn.co/news/tusimple-teams-with-hillwood-on-new-texas-logistics-hub

Weekly Bulk Report – Week 43, 2020

The Baltic Briefing has released a report about the dry bulk market for the 43rdweek of shipping activities of this year. The report dated 23rdOctober highlights the plight of the dry bulk market at the on-sight of the 43rd  week.

Capesize

The tide turned positive on the Capesize market this week bringing with it a sense relief and optimism. It both stemmed the mounting losses of late and gave some hope for a year-end rally.

High fixtures on West Australia to China

Dropping to a recent low of...

https://mfame.guru/weekly-bulk-report-week-43-2020/?amp;amp;

Earlier Ryder writedowns on used fleet value positive for bottom line

The aggressive approach Ryder has taken toward writing down the value of its used vehicle fleet is paying off on the company’s bottom line, as evidenced by a big shift in net earnings for the third quarter.

Even as net income rose to $35.8 million from a loss of $91.5 million in the third quarter of last year, overall revenue was down. The Fleet Management sector’s total revenue declined 7%, to $1.3 billion from $1.4 billion. Fleet Management includes the businesses Ryder is most known for:...

https://www.freightwaves.com/news/earlier-ryder-writedowns-on-used-fleet-value-positive-for-bottom-line

What shippers must know before packing containers

Jim Allen/FreightWaves

What constitutes a suitable ocean container for shipping is largely in the eyes of the shipper/packer and the product that it ships.

American Shipper recently discussed this topic with Technical Services Director Luiz Gonçalves of the Washington-based Institute of International Container Lessors (IICL).

Gonçalves said the practice of inspecting containers requires knowledge and experience on behalf of the shipper/packer, as well as a technical understanding of the International Maritime...

https://s29755.pcdn.co/news/what-shippers-must-know-before-packing-containers

Covenant stock hammered on earnings, but execs affirm support for transition

A quarterly earnings report in the middle of a company transition can always be tricky, as the short-term focus on earnings and revenue can obscure that management is trying to implement a plan to get to a different place.

In that sense, the third-quarter report of Covenant Logistics could be viewed as a success. An adjusted earnings per share of 56 cents beat consensus by 1 cent, according to SeekingAlpha. And revenue of $210.8 million was better than consensus by $3.36 million. And it was...

https://www.freightwaves.com/news/covenant-stock-hammered-on-earnings-but-execs-affirm-support-for-transition

Maersk Bags 3-Well Deal from Total Angola

  • Total E&P Angola has awarded Maersk Drilling a three-well contract for the Maersk Voyager drillship.
  • Under the estimated 140-day contract, the Maersk Voyager will drill three development wells in Angola’s Block 17, Maersk Drilling reported.
  • The drilling contractor added the approximate firm value of the contract is US$30 million, including integrated drilling services.

Maersk Drilling gets awarded with new drillship contract in Angola by Total, reports Yahoo Finance.

Three-well contract

Maers...

https://mfame.guru/maersk-bags-3-well-deal-from-total-angola/?amp;amp;

Supply chain veteran leading Denver’s Transportation Institute

University of Denver Transportation Institute

The University of Denver has appointed David Fisher to executive director of its Transportation Institute (DTI), a graduate education program designed for transportation, logistics and supply chain executives.

Fisher brings more than 30 years of supply chain experience to the position.

“We sought a leader with a strong business acumen, industry insight and collaborative spirit, someone who can further the DTI mission of developing the future leaders of transportation, logistics and supply chain,”...

https://s29755.pcdn.co/news/supply-chain-veteran-leading-denvers-transportation-institute

Crowley readies dive into offshore wind farm work

Crowley

Crowley has spent the past 53 years providing U.S.-flag vessel assets and logistics support to the offshore oil and gas industry and now is gearing up to provide that same transportation skill set to the burgeoning offshore wind farm industry in America.

Bruce Harland, vice president of business development for Crowley offshore services (Photo: Courtesy)

It is forecast that as many as 2,000 gigantic, multi-megawatt wind turbines will be generating 29 gigawatts of electricity off the U.S. coast...

https://s29755.pcdn.co/news/crowley-readies-dive-into-offshore-wind-farm-work

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