business

Feedership Proprietor Witnesses Murky Market With Plunging Charter Rates!

  • MPCC had been affected in the course of the interval by the fast decline in day by day rent charges within the sector.
  • In Q1, MPCC’s common day by day rent charge throughout its fleet stood at a wholesome $8,969 of the ultimate quarter of final 12 months.
  • The margin between day by day rent charges and working prices is more likely to erode significantly.

Oslo-listed feedership proprietor MPC Container Ships (MPCC) has posted a web lack of $10.7m for the primary quarter and warned traders of...

https://mfame.guru/feedership-proprietor-witnesses-murky-market-with-plunging-charter-rates/

HHI Clinches $388 Million Green Syndicate Loan

  • HHI has bagged a green syndicated loan worth $388 million from KDB.
  • HHI signed an agreement in Seoul with South Korea state bank KDB.
  • Green loans are used for financing projects that support the shift to a low-carbon future.
  • Hyundai Heavy will use the funding to develop technologies for LNG carriers.

According to an article published in Offshore Energy and authored by Naida Hakirevic, Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the...

https://mfame.guru/hhi-clinches-388-million-green-syndicate-loan/

Envase Technologies multiplies intermodal TMS by three

Newly formed Envase Technologies will take the intermodal container and drayage expertise of three long-time transportation management systems (TMS) and integrate them into one.

“We are building the next generation intermodal drayage TMS platform that will leverage the ‘best in class’ from each of these solutions,” Larry Cuddy, Envase’s newly appointed head, told FreightWaves.

The three TMS platforms that now make up Envase include Profit Tools, Compcare Services and GTG Technology Group, which...

https://s29755.pcdn.co/news/envase-technologies-multiplies-intermodal-tms-by-three

Update: Trucking employment lags broader increase in U.S. economy

(This is a follow to an earlier story that ran after the unemployment figures were released).

The nation’s unemployment rate may have shocked the world by declining in May, but it doesn’t appear to have helped the rate of employment in the trucking sector.

While equity markets soared at the shocking report that the U.S. unemployment rate declined to 13.3% in May, a drop of 1.4 percentage points, total employment declined in the sector that the Bureau of Labor Statistics (BLS) calls Truck...

https://s29755.pcdn.co/news/update-trucking-employment-lags-broader-increase-in-u-s-economy

Commentary: How digital transformation builds supply chain resilience

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

Meta-description: C-suite executives often use supply chain resilience, agility and flexibility interchangeably, but what do they mean and have to do with digital transformation?

How often do you really think about digital transformation? Digital transformation is everywhere – even in the palm of your hand. But, its true applications continue to fall short of what...

https://s29755.pcdn.co/news/commentary-how-digital-transformation-builds-supply-chain-resilience

Commentary: Uber Freight shows importance of people in logistics

Uber Freight tractor-trailer

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

The recent announcement of massive layoffs and the closure of 45 offices at Uber Technologies – and in particular, its CEO’s stated commitment to re-evaluating non-core, cash-burning businesses like Uber Freight – set the logistics world abuzz.

However, I would argue that it’s not in the way contributor Ryan Schreiber described. As he makes the case for Uber as an...

https://s29755.pcdn.co/news/commentary:-uber-freight-shows-importance-of-people-in-logistics

Breaking: Truck transportation jobs dropped slightly in May

The number of workers employed in the Truck Transportation sector tracked by the Bureau of Labor Statistics (BLS) fell slightly in May, to 1,431,600 from 1,432,800 the month before.

That figure was reported in the monthly unemployment statistics released today by BLS. The BLS reported that total non-farm payroll employment in May was up by 2.5 million, with the unemployment rate falling to 13.3%. That is down 1.4 percentage points.

The monthly BLS survey also reported that rail industry...

https://www.freightwaves.com/news/breaking-truck-transportation-jobs-dropped-slightly-in-may

GECAS readies 777-300 freighter conversion program

GE Capital Aviation Services (GECAS) said it delivered its first former Boeing 777-300 passenger plane to Israel Aerospace Industries this week for conversion to all-cargo service.

The GECAS-owned aircraft, which was flown from Dubai to Tel Aviv airport, was initially part of Emirates’ passenger service.

Converting the 2005-built aircraft to a freighter will require extensive work, including the addition of a main deck cargo door, window plugs, modified crew compartment and a reinforced fuselage.

S...

https://s29755.pcdn.co/news/gecas-readies-777-300-freighter-conversion-program

Easing of some PPP rules approved in Congress, awaits Trump signature

Changes in the Paycheck Protection Program (PPP) have been approved by both houses of Congress and have the potential to make the COVID-related aid effort more beneficial.

“The legislation provides borrowers greater flexibility with respect to the PPP loan forgiveness process,” the law firm of Scopelitis Garvin Light Hanson Feary said in an email about the changes approved by the Senate in unanimous consent with changes already approved by the House of Representatives. 

A significant change...

https://www.freightwaves.com/news/easing-of-some-ppp-rules-approved-in-congress-awaits-trump-signature

US customs brokers, forwarders cautiously trickle back to offices

After several months of stay-at-home orders, America’s customs brokerage and freight forwarding firms are preparing to reopen their offices in the weeks and months ahead. However, these companies do not anticipate a return to pre-coronavirus conditions, industry experts say.

“Our return-to-office plan considers that the future of work, as we have known it for all companies around the world, is shifting,” Marcia Lyssy, chief human resources officer for BDP International, told American Shipper.

Phil...

https://s29755.pcdn.co/news/us-customs-brokers-forwarders-cautiously-trickle-back-to-offices

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.