Gary G Burrows
CMA CGM on Feb. 29 said the French shipping and logistics company has completed the purchase of The Bolloré Group for 4.85 billion euros, based on estimated debt and cash on the completion date.Bolloré Logistics, the transport and logistics business unit of Bolloré Transport & Logistics, reported 2022 turnover of 7.1 billion euros, 710,000 20-foot equivalent units of containers and 390,000 tons of air freight.“We are proud to welcome a ...
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French-based CMA CGM Group said 2023 was a year of transition and normalization in the transport and logistics industry, and the company is positioning itself to weather an “uncertain 2024.”After “extraordinary years” in 2021 and 2022, CMA CGM said 2023 was marked by major inventory reductions as supply chains readjusted, ...
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Danish container line giant A.P. Moller – Maersk reported solid financial results for 2023, in line with the company’s financial guidance.Though volumes were up across most products and cost controlled efforts helped improve results, rates continued to erode, particularly in ocean. The company reported EBITDA of US$9.8 billion with revenue ...
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Elmont, New York-based Wen-Parker Logistics have announced a partnership with 4ocean.Founded in 2017, 4ocean was created with the mission to sell a product that would enable the company to fund a worldwide cleanup initiative.From this, their first product, the 4ocean bracelet, was born. Crafted using recycled materials, each bracelet purchase ...
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United Heavy Lift’s latest addition to its fleet, the multipurpose heavy-lift vessel UHL Fresh, has begun its maiden voyage, carrying project cargo from Tianjin in China to Vaasa in Finland.Delivered to UHL on Jan. 24, It is the 18th vessel in the Hamburg-headquartered operator’s F900 Eco-Lifter fleet, and enters service ...
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The Port of South Louisiana said Life for Tyres Group Ltd. will invest US$46 million to establish its first U.S. processing facility on 10 acres of port property in the port’s Globalplex.The recycling and manufacturing plant, L4T Louisiana LLC, will convert end-of-life tires into high-quality sustainable commodities such as advanced ...
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The Port of Corpus Christi set a new high mark for annual tonnage, topping more than 200 million tons of goods through the Corpus Christi Ship Channel for the first time in its history.The 203 million tons moved in 2023 was an 8.1 percent increase from 2022. Growth can be ...
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Eight months after the Brownsville Navigation District Board of Commissioners, or BND, broke ground on the Port of Brownsville’s business park, prospective businesses are lining up to negotiate lease agreements with the port.At a regular board meeting Feb. 7, the board unanimously approved leasing rates for the business park, aiming ...
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Port Canaveral has added a second mobile harbor crane to its landside cargo operations, significantly expanding the port’s ability to handle an increasingly diverse cargo platform.The 320-foot-tall Liebherr LHM 600 evo 6 mobile harbor crane joins the Liebherr LHM 600 evo5, which was placed into service in January 2019The crane ...
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Amidst third-quarter losses, Japanese shipping and logistics company NYK Line anticipates the Red Sea crisis giving lift to its bottom line in its fiscal fourth quarter.NYK Line reported a net loss of US$1.04 billion for its third quarter ending Dec. 31, down US$5.18 billion from the year-earlier quarter. Revenue fell ...
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