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On September 12 2023, Japan Suiso Energy, Ltd. (JSE)*, and three Japanese shipping companies, Kawasaki Kisen Kaisha, Ltd. (“K”LINE), Mitsui O.S.K. Lines, Ltd. (MOL), and Nippon Yusen Kabushiki Kaisha … |
https://maritime-professionals.com/japan-establish-global-liquefied-hydrogen-supply-chain/
Portugal-based energy and tech company Wavelength Technology Center has secured a contract for a methanol marine fuel supply system.
The post Wavelength secures methanol fuel supply deal in China appeared first on Offshore Energy.
https://www.offshore-energy.biz/wavelength-secures-methanol-fuel-supply-deal-in-china/
Current market conditions are caused by a huge surge in the demand for container transport. On the supply side, box port congestion and poor container port performance are reducing the supply of shipping. The costs to operate a ship are massively escalating.
COVID has induced a demand-squeeze. In such a squeeze, demand increases massively and rapidly while supply (which involves the physical building of, and...
Shipping companies have steamed out of 2020 in ship shape as freight rates hit highs. The rollout of vaccines around the world will eventually tame high shipping costs, but even then the industry may fare better than in previous down cycles, reports The Wall Street Journal.
Shipping rates have skyrocketed since the middle of last year on strong demand from the developed world for personal protective equipment and stay-at-home goods, after the initial shock from Covid-19....
https://mfame.guru/2021-starts-off-well-for-shipping-companies-with-high-shipping-rates/
Former Maersk coo Toft will oversee MSC’s global cargo businesses including ocean liner and logistics, and be a member of the board of directors of Terminal Investment Ltd (TiL). Toft’s appointment to the role of ceo was announced by MSC in November 2019 shortly after a surprise announcement that he was quitting Maersk.
He will report directly to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman.
https://www.seatrade-maritime.com/containers/soren-toft-starts-ceo-role-msc
XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.
“By uncoupling our transportation and logistics segments, we intend to create two high-performing, pure-play companies to serve the best interests of all our stakeholders,” Brad Jacobs, chairman and chief executive officer of XPO Logistics, said in a Dec. 2 statement.
https://www.ttnews.com/articles/xpo-logistics-plans-split-two-companies
Manufacturing growth remained intact in November, for the sixth consecutive month, according to data issued today by the Institute for Supply Management (ISM).
n its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 57.5 (a reading of 50 or higher indicates growth), which was 1.8% below October’s 59.3, while the overall economy expanded for the seventh consecutive month.
https://www.logisticsmgmt.com/article/manufacturing_growth_remains_intact_in_november_reports_ism
In a report conducted by HSBC tohe company reports that over two thirds of UK companies are maintaining positivity when it comes to international trade for the next two years, despite the challenges faced due to COVID-19.
The bank’s latest ‘HSBC Navigator’ report surveyed over 10,000 companies in 39 markets. Of those 10,000, 1,000 were from the UK.
MacGregor, part of Cargotec, has received an order from VT Halter Marine Inc to supply deck machinery and cargo handling equipment for the first 460’x88′ Coast Guard Polar Security Cutter (PSC).
The scope of the equipment to be supplied includes anchor windlass, mooring winches and capstans, main towing winch, offshore cranes, oceanographic winch, hanger overhead crane and cargo access equipment. The contract also provides for two further options for delivery to a second PSC in 2025, and the...
