By Áine Quinn (Bloomberg) An international trader, backed by Canadian pension funds and Glencore Plc, is still exporting large volumes of Russian grain as Moscow wages war in Ukraine. Viterra…
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Quadrise and MSC partner on trials of low carbon fuels
Quadrise has entered a framework agreement with MSC Mediterranean Shipping Company’s 100% subsidiary, MSC Shipmanagement Limited of Cyprus, for the testing of lower-carbon fuels on one or more container vessels.
As part of the deal, proof-of-concept (POC) tests and subsequent operational trials will be conducted using both bioMSAR and MSAR fuel on one or more container ships.
These tests are expected to support the commercial use of the fuels by MSC’s global fleet.
Expected to begin by the end of...
https://www.ship-technology.com/news/quadrise-msc-trials-carbon-fuels/
Flytrex grows drone delivery service 150% with new FAA approval
Sixty thousand people just became eligible to have chicken wings, submarine sandwiches, ice cream and more air-dropped straight into their backyards.
Israeli drone delivery firm Flytrex, which operates commercial services in both Texas and North Carolina, on Thursday announced that the Federal Aviation Administration has approved the doubling of its delivery radius from 1 to 2 nautical miles. That opens the service up to 100,000 people, a 150% increase over the 40,000 who were previously...
https://www.freightwaves.com/news/flytrex-grows-drone-delivery-service-150-with-new-faa-approval
Axle Logistics recognized for employee satisfaction, standout culture
Over the past several years, “culture” has become something of a buzzword in the corporate world. Despite this trending vernacular, the things that make up a company’s culture – energy, diversity and values – are the same things that determine whether or not people want to work there. At Axle Logistics, the answer is a resounding “yes.”
The Tennessee-based company was recently named a 2022 Knoxville Top Workplace for the fourth consecutive year. Winning companies were selected based on...
Kirby reports increased earnings
Houston-headquartered Kirby Corporation (NYSE: KEX) today reported net earnings for second quarter ended June 30, 2022, of $28.5 million or $0.47 per share, compared with earnings of $10.2 million, or $0.17 per share for the 2021 second quarter.
Excluding one-time non-recurring items in the 2022 second quarter, net earnings were $29.8 million or $0.49 per share. Consolidated revenues for the 2022 second quarter were $698.0 million compared with $559.6 million reported for the 2021 second...
https://www.marinelog.com/inland-coastal/inland/kirby-reports-increased-earnings/
Navios Maritime to purchase 36-vessel drybulk fleet
Dry cargo and tanker vessels operator Navios Maritime Partners (Navios Partners) has agreed to buy a 36-strong drybulk fleet from Navios Maritime Holdings (Navios Holdings) for $835m.
The consideration includes the assumption of $441.6m of bank liabilities and bareboat obligations, as well as finance leasing obligations.
Having a total capacity of 3.9 million deadweight tonnage (dwt) and average age of 9.6 years, the acquired fleet includes 26 owned vessels and ten chartered-in vessels.
Next year,...
https://www.ship-technology.com/news/navios-maritime-purchase-drybulk-fleet/
Trailer maker Wabash pulls ahead despite signs of cooling economy
A renamed and reorganized Wabash sees signs of economic weakening, but nothing preventing optimism for its trailer and last-mile equipment business.
“We appreciate the warning signs in the broader environment,” Wabash CEO Brent Yeagy told analysts Wednesday following the release of second-quarter earnings.
Strong industrial production and demand for big-ticket durable goods offset tighter credit, weakening consumer sentiment and persistent supply shortages. The Federal Reserve on Wednesday...
https://www.freightwaves.com/news/trailer-maker-wabash-pulls-ahead-despite-signs-of-cooling-economy
Modern laker Mark W. Barker embarks on maiden voyage
Nearly three years after the first cut of steel for the first Great Lakes freighter in nearly 40 years, the 639-foot modern laker M/V Mark W. Barker has completed sea trials and yesterday embarked on her maiden voyage from Fincantieri Bay Shipbuilding.
“This is a monumental day for our company and the U.S. flag fleet as our much-anticipated freighter departs on her first voyage in what will be a long life of service on the Great Lakes,” said Mark W. Barker, president of The Interlake Steamship...
Tour the Sea Change ferry at Marine Log’s FERRIES 2022
SWITCH Maritime’s landmark Sea Change hydrogen-powered ferry project got a lot of attention at Marine Log’s FERRIES 2021 held last November along the New York Harbor. This year, the conference heads to the West Coast on November 1-2, where the ferry is on the water in the San Francisco Bay.
Up to 75 attendees will get the chance to tour and ride the innovative new ferry. Guests are encouraged to register soon, as the tour will be on a first-come-first-serve basis. The conference agenda and...
https://www.marinelog.com/passenger/ferries/tour-the-sea-change-ferry-at-marine-logs-ferries-2022/
