Feature
Global apparel and sportswear industry leader Nike has recently entered into an agreement with CMA CGM to purchase sustainable biofuel for a part of their maritime transport. This initiative will make an important contribution to the decarbonization of Nike’s supply chain.From July 1, 2023, to May 31, 2024, Nike will use sustainable biofuel for the transportation of 36 percent of their volume with CMA CGM. Through this action, Nike will ...
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Wen-Parker Logistics and 4ocean have formed a partnership to fund a worldwide cleanup initiative of ocean and coastline wastes with a flip of the wrist.Elmont, NY-based Wen-Parker, a supply chain services provider since 1997, will take advantage of 4ocean’s process to converting recyclable materials into ...
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Maryland’s Port of Baltimore handled record cargoes in 2023, as the region rebounded from pandemic impacts and worldwide supply chain issues.The 52.3 million tons of foreign cargo for 2023 was 18.3 percent higher than the previous record of 44.2 million tons in 2019, while value ...
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The U.S. Federal Maritime Commission on Feb. 23 established new requirements for how common carriers and marine terminal operators (MTOs) must bill for demurrage and detention charges, providing clarity on who can be billed, within what timeframe, and the process for disputing bills.The Ocean Shipping ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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