A criminal probe is examining legal “irregularities” over Cargill’s acquisition of disputed land in Brazil’s Amazon rainforest.
The post Signal: Brazilian prosecutors investigate Cargill over Amazon port project appeared first on Ship Technology.
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Salvage of Fremantle Highway moves to Rotterdam
The next phase of the salvage operation of fire-damaged car carrier Fremantle Highway (IMO 9667344) has begun. Netherlands-based Koole Contractors has taken control of the Fremantle Highway from the Japanese owners. Koole was the company that carried out the salvage and removal of the wreck of the...
Tysers P&I Clubs Report 2022/23: Skuld
Self-managed Gross Tonnage Owned 103,300,000 Chartered 69,000,000 Standard & Poor’s Rating A Free reserves 2023 444,626,000 2022 430,063,000 2021 459,079,000 2020 465,845,000 2019 452,723,000 Vessel type by tonnage Bulkers 39% Tankers 35% Containers 16% General Cargo 4% Other 6% Vessel...
https://insurancemarinenews.com/insurance-marine-news/tysers-pi-clubs-report-2022-23-skuld/
Air Canada Cargo to provide year-round capacity in Europe
AIR Canada Cargo is extending year-round cargo operations to key European cities previously only served during the summer, reports London’s AviationSource. This decision by Air Canada’s cargo division mirrors a similar move to extend passenger services to a year-round basis. A noteworthy development in the strategy of Canada’s national airline is the commitment to providing year-round capacity on specific routes. For instance, the Montreal to Rome route will continue operating year-round....
https://www.seanews.com.tr/air-canada-cargo-to-provide-year-round-capacity-in-europe/198518/
Noatum Announces the Divestment of Minority Shares in Barcelona Container Depot Service Group
AD Ports Group (ADX: ADPORTS) announces that Noatum, which now leads its Logistics Cluster operations, completed the divestment of its 27.9% stake in Barcelona Container Depot Service Group (BCDS) for an equity value of EUR 11 million, resulting in a one-off capital gain of EUR 10 million. BCDS is...
Transit Reservation System Rule Changes
A Norton Lilly news source deals with the modifications to the rules that govern the transit reservation system.
Modifications to the Rules that Govern the Transit Reservation SystemDue to the ongoing water crisis currently experienced in the Canal watershed, the Panama Canal Authority (ACP) finds it necessary to implement additional changes to the Transit Reservation System rules, based on the reduction in daily transit capacity.
Therefore, effective November 1,...
Baltic Index Ticks Down as Panamax Losses Outweigh Capesize Gains
The Baltic Exchange’s main sea freight index edged down on Wednesday, as panamax rates hit a three-week low, offsetting a rise in capesize vessel rates.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels…
https://www.marinelink.com/news/baltic-index-ticks-down-panamax-losses-508513
3 Supply Chain Security Trends
The supply chain is aptly-named; it’s an intricate weave of interconnected links, each one reliant on the security of the whole. This vast network, stretching from raw materials to consumption, has vulnerabilities at every point of the chain.
Recognizing and mitigating these vulnerabilities is essential to ensure the seamless flow of goods and services. Here, we look at three supply chain security trends that are helping to protect the resilience of this critical part of global commerce.
Importanc...Exxon Mobil Finds Buyer for Adriatic LNG Terminal Stake
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy’s main liquefied natural gas (LNG) import terminal, the U.S. oil producer said in a statement.The stake sale drew interest from infrastructure funds and…
https://www.marinelink.com/news/exxon-mobil-finds-buyer-adriatic-lng-508514
Shein changes to bring Chinese goods closer to US shoppers
SHEIN, the prominent e-commerce giant recognised for its affordable clothing and home goods, expedites shipping for US customers by importing more low-priced products directly into American warehouses from China, reports Reuters. This development revealed through data provided exclusively by global trade analysis firm ImportGenius, signifies a strategic move by Shein to reduce delivery times. Previously, Shein customers in the United States often experienced waiting periods of two weeks or...
https://www.seanews.com.tr/shein-changes-to-bring-chinese-goods-closer-to-us-shoppers/198514/