Sticky News

Associated British Ports appoints new Chair

The Board of Associated British Ports (ABP), the UK’s largest port operator, has announced the appointment of Jonathan (Jon) Lewis as its Chair in succession to Dr Phil Nolan who has decided to stand down from the role.

Lewis brings decades of business leadership experience in major infrastructure sectors such as energy, engineering and construction. He has held CEO roles at AmecFosterWheeler plc and, most recently, Capita plc, where he led both organisations through periods of growth and...

https://container-news.com/associated-british-ports-appoints-new-chair/

Global bunker indices continue moderate decline

In the 30th week of the year, the Marine Bunker Exchange (MABUX) global indices maintained their moderate downward trend.

The 380 HSFO index dropped by US$11.25 to US$541.69/MT, thus breaking below the US$550 mark. The VLSFO index decreased by US$9.58 to US$643.10/MT, falling below US$650. The MGO index declined by US$12.29 to US$825.51/MT.

“At the time of writing, the world bunker indices demonstrated a slight upward correction,” mentioned a MABUX spokesperson.

The MABUX Global Scrubber Spread...

https://container-news.com/global-bunker-indices-continue-moderate-decline/

BIFA and TT Club provide advices on container shipping safety

The British International Freight Association (BIFA) used the latest episode in its 2024 webinar series to provide crucial advice on safety in container shipping.

The keynote speaker, Mike Yarwood, managing director of loss prevention at TT Club—a global leader in insurance and risk management services for the international transport and logistics industry—was joined by Robert Windsor, BIFA’s member policy & compliance director.

Windsor provides advice and information on maritime, road, and...

https://container-news.com/bifa-and-tt-club-provide-advices-on-container-shipping-safety/

Southeast Toyota Distributors makes progress on new auto processing facility in Jacksonville

Contractors for Southeast Toyota Distributors, the largest independent distributor of Toyotas worldwide, are making significant progress on a new 31,587 m² auto processing facility at JAXPORT’s Blount Island Marine Terminal.

According to a statement, J.E. Dunn Construction, the project’s contractor, has finished the foundations and is now constructing the concrete walls. The installation of structural steel framing is scheduled to begin in late July.

“We are proud of the partnership we have built...

https://container-news.com/southeast-toyota-distributors-makes-progress-on-new-auto-processing-facility-in-jacksonville/

Ocean rates dip on capacity increase and early peak

The massive IT outage caused by the CrowdStrike update led to thousands of delayed or cancelled flights worldwide over the weekend as airport and airline systems went black.

Though many – but not all – carriers were able to restore operations relatively quickly, delays are expected for impacted shipments as the backlog is cleared. Though some container ports and carriers also had outages, the impact on ocean freight was minimal. Houthis in Yemen continued their attacks on vessels in the region...

https://container-news.com/ocean-rates-dip-on-capacity-increase-and-early-peak/

Ports of Indiana and Antwerp-Bruges partner on container trade and green shipping

Representatives from the Ports of Indiana and Port of Antwerp-Bruges met in Antwerp to sign a Memorandum of Understanding (MOU) aiming to advance critical economic and environmental initiatives for the ports.

This significant agreement formalizes a commitment from the partners to collaborate on enhancing economic growth, container shipping, decarbonization, port security, and technology integration.

The meeting featured Jody Peacock, CEO of Ports of Indiana, Wim Dillen, International Development...

https://container-news.com/ports-of-indiana-and-antwerp-bruges-partner-on-container-trade-and-green-shipping/

AI roadmap takes trucking from chaos to control in 2024

You’re a logistics manager. Fuel costs are skyrocketing, drivers are hard to find, and regulations keep changing. How do you keep your fleet efficient and profitable?

The American Transportation Research Institute reported a 6.6% increase in truck operating costs for 2023. This rise coincides with a significant financial burden: deadhead mileage reached an average of 16.3% for non-tank operations. Additionally, five in every 100 drivers quit. These combined pressures, coupled with low freight...

https://container-news.com/ai-roadmap-takes-trucking-from-chaos-to-control-in-2024/

Global IT Outage: CrowdStrike and Microsoft Stocks Plunge, Scammers Exploit Crisis

Following the global IT outage, which has caused disruptions at several European container terminals, worldwide searches for “CrowdStrike stock” and “Microsoft stock” have surged 3,054% and 981%.

However, each corporation’s daily stock value dropped on 19 July, when a software update “triggered a logic error”, as Crowdstrike said in a statement. George Kurtz, CEO & Founder of CrowdStrike confirmed the outage was caused by a bug in the update and not a cyber-attack.

Marc Porcar, CEO of QR Code...

https://container-news.com/global-it-outage-crowdstrike-and-microsoft-stocks-plunge-scammers-exploit-crisis/

Survey: More Than 15 Years Needed for Transportation Sector to be Fully Powered by Sustainable Fuel Sources

Almost half the respondents who took part in a survey spearheaded by Reed Smith revealed that they expect it to take more than 15 years for the sector to be powered by 100% sustainable fuel sources.

These insights were gathered from nearly 50 of Reed Smith’s clients in the transportation sector, including global companies in aviation, shipping, logistics, manufacturing, utilities, and environmental services.

The International Maritime Organization’s (IMO’s) ambitious target of reaching net-zero...

https://container-news.com/survey-more-than-15-years-needed-for-transportation-sector-to-be-fully-powered-by-sustainable-fuel-sources/

Canada invests in green ship technology

In response to the intense climate change, Transport Canada aims to address the environmental impact of marine shipping through its Green Shipping Corridors Program.

“Canadians across the country rely on marine shipping to deliver products we use every day in an affordable, safe, environmentally friendly, and efficient way. The projects will grow a strong economy and get people the goods they need while protecting our environment,” stated Pablo Rodriguez, Canada’s Minister of Transport.

Vance...

https://container-news.com/canada-invests-in-green-ship-technology/

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