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- Wild Swings in Freight Rates the New Normal Amid Uneven Recovery July 4, 2020By Ann Koh (Bloomberg) –Sharp swings in container freight rates are likely to continue this quarter as shipping companies struggle to gauge demand amid an uneven global recovery from the coronavirus. The cost to ship containers slumped earlier this year as the pandemic pummeled demand, with rates bottoming out in late April. They rebounded steadily […]Bloomberg
- Total Sends Oil Rig to South Africa for Rare Frontier Drilling July 3, 2020By Paul Burkhardt (Bloomberg) –Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Energy Corp., Total’s partner in the project, […]Bloomberg
- Höegh Xiamen Declared a Total Loss After Fire in Jacksonville July 3, 2020The car carrier Höegh Xiamen has been declared a total loss following a fire that broke out onboard last month in Jacksonville, Florida, its owner announced Friday. Norway-based Ocean Yield ASA said it expects to receive insurance proceeds in Q3 2020 of about USD 26 million, which is close to the book value of the vessel. Net […]Mike Schuler
Green marine – Offshore Energy
- Kleven Verft files for bankruptcy after loan termination July 6, 2020Management of the Norwegian shipbuilder Kleven Verft AS, and its two subsidiaries Kleven Maritime […] The post Kleven Verft files for bankruptcy after loan termination appeared first on Offshore Energy.Jasmina Ovcina
- Log carrier loses power off New Zealand coast July 6, 2020A Singaporean-registered log carrier has suffered engine failure in the shipping channel at Port of Tauranga between Mauao (Mount Manganui) and Matakana Island, New Zealand. The post Log carrier loses power off New Zealand coast appeared first on Offshore Energy.Naida Hakirevic
- Maersk to acquire Swedish customs service specialist July 6, 2020A.P. Moller – Maersk has reached an agreement with Bridgepoint Development Capital to acquire […] The post Maersk to acquire Swedish customs service specialist appeared first on Offshore Energy.Jasmina Ovcina
The Loadstar
- PR: AP Møller Mærsk to acquire European specialist KGH Customs Services July 6, 2020PRESS RELEASE Copenhagen, 6 July 2020. AP Møller Mærsk announces that it has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. This will further enhance Maersk’s capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to […]LoadstarEditorial
- Air cargo market: ‘the first steps towards a structural market recovery?’ July 3, 2020Air freight volumes are on the rise – but forwarders remain concerned about capacity and airport congestion. The latest data from Clive Data Services show June volumes were 6% up on May, while the last week of the month saw volumes 12% higher than the last week of May. With the demand for PPE slowing, […]Alex Lennane
- Container freight rates still on the up – a peak season after all? July 3, 2020The Shanghai Containerized Freight Index (SCFI) comprehensive index continued its positive run this week, rising 5.4% to 1,055.13 as the major tradelanes all registered gains. The Asia-US west coast component of the SCFI recorded another 8.5% jump in container spot rates, to $2,920 per 40ft, while rates to the US east coast increased by 4.7% […]Mike Wackett
Air Cargo World
- Clive: Air cargo is ‘slowly getting back on its feet’ July 2, 2020The latest air cargo market analysis from CLIVE Data Services suggests air cargo is taking its first steps toward structural market recovery. Air cargo has continued to see unexpected levels of activity throughout the pandemic, creating an atypical peak season. As the changes caused by the pandemic, including an increased demand for personal protective equipment, […]Ashley Mowreader
- ANA Cargo appoints new EMEA VP July 2, 2020Japan-based All Nippon Airways (ANA) has appointed Sadami Sugimoto as its new vice president of cargo and mail in the Europe, Middle East and Africa (EMEA) region, effective July 1. According to ANA, Sugimoto takes over from Kiyohisa Nakazawa, who will take up another role in the ANA Group. “In this new era of living […]Jeff Lee
- Washington cherries hit a few bumps on the way to airports July 2, 2020Each summer the Pacific Northwest sees a glimmer of sunshine and a large number of cherry exports to Asia. This year’s crop may take a different route from orchard to export as a decrease in passenger flights requires shippers to explore different transport options. Cherry season starts in California in mid-May and is followed by […]Ashley Mowreader
Global Logistics
- Virus Update: Airlines Get U.S. Loans, June Jobs Rise Above Forecast July 2, 2020The latest supply-chain news and insights on the novel coronavirus and global response to the outbreak.
- Commodity Freighters Are Shrugging Off COVID-19 for Now July 2, 2020The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question.
- Top Five Challenges for Automakers Looking to Mitigate Supply-Chain Risk July 1, 2020This year has served as a potent reminder that we live in a VUCA (volatile, uncertain, complex and ambiguous) world. The vulnerability of supply chains to major global events has become the subject of daily mainstream news reports. While the automotive manufacturing and after-market supply chain isn’t as high-profile as those involved in food or […]
Express/Small Shipments
- Walmart’s Self-Driving Partner Is Changing E-Commerce Economics June 22, 2020For a self-driving vehicle startup, Gatik has an odd mantra: Don’t agonize over autonomy, worry about delivery.
- Podcast | How USMCA Impacts Shipping Between the U.S. and Canada May 8, 2020Exit NAFTA. Enter USMCA — the new United States-Mexico-Canada Trade Agreement. How does it affect shipments between the U.S. and Canada?
- Business Continuity in the Age of COVID-19 April 23, 2020Working from home, employees may be wasting time and money mailing contracts to customers, sending samples to prospects or managing even routine shipments — while businesses quickly lose enterprise visibility. A cloud-based multi-carrier management solution can help maintain centralized control.
Last Mile Delivery
- FarEye Announces Partnership with Blue Yonder June 30, 2020FarEye, a predictive logistics SaaS platform, has announced a partnership with Blue Yonder, a digital fulfilment platform provider.
- Scaling Up Delivery Operations Safely and Efficiently June 17, 2020Growing too quickly can cause delayed deliveries, inefficient inventory management, overworked drivers and disappointed customers.
- Watch: Answering the Challenge of Modern Order Fulfillment June 11, 2020The evolution of e-commerce, with the need to meet customer demands for ever-faster delivery, requires a whole new approach to local fulfillment, says Jake Heldenberg, senior sales consultant with Vanderlande.
Rail & Intermodal
- One Network Enterprises and PSA Cargo Solutions Partner to Expand Services for Global Terminal Operations June 16, 2020One Network Enterprises, a provider of solutions for autonomous supply chain management, and PSA Cargo Solutions, a unit of global port group PSA International, announced a strategic partnership to expand services for Global Terminal Operations and Logistics.
- At Ag Exporters’ Meeting, the Chassis Debate Rages On June 15, 2020Ocean carriers, shippers and truckers can’t stop bickering over an issue that has plagued the transportation industry for years, and shows no sign of being easily solved: the ownership and management of chassis.
- Historic EU Recovery Plan Has Green Strings Attached May 29, 2020Meeting the climate-neutrality goal is a key pillar of a 750 billion-euro ($824 billion) economic recovery plan unveiled by the European Commission.
Transportation & Distribution
- Commodity Freighters Are Shrugging Off COVID-19 for Now July 2, 2020The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question.
- Urged by Trump to Decouple, U.S. Companies Want More China Faster June 29, 2020Just as President Trump urges American companies to ditch China, many of them can’t get more of China fast enough.
- To Save the Supply Chain, Send in the Robotrucks June 24, 2020Automated vehicle technology could emerge a vital tool in global supply chains during the pandemic.
Supply Chain Visibility
- IBM Introduces Sterling Inventory Control Tower to Help Organizations Manage Inventory July 2, 2020IBM announced the launch of IBM Sterling Inventory Control Tower to further help companies manage inventory and build resilient supply chains.
- Watch: Managing Assets in the Age of Big Data July 2, 2020Asset management and data optimization are crucial tools for companies looking to managing multiple parts of their supply chains, says Peter Nilsson, chief marketing officer with Mobilogix.
- Top Five Challenges for Automakers Looking to Mitigate Supply-Chain Risk July 1, 2020This year has served as a potent reminder that we live in a VUCA (volatile, uncertain, complex and ambiguous) world. The vulnerability of supply chains to major global events has become the subject of daily mainstream news reports. While the automotive manufacturing and after-market supply chain isn’t as high-profile as those involved in food or […]
Aviation Week Network
- DARPA Eyes New Weapon Concepts In 2021 Program Plans February 17, 2020DARPA Eyes New Weapon Concepts In 2021 Program Plans [email protected]… Mon, 02/17/2020 - 09:45 A multi-target air-to-air weapon and gun-armed close-support missile are among new projects DARPA plans to launch in fiscal 2021. New approaches to communicating in contested environments, attacking signals and countering laser weapons are also on the list. The Defense Department is […][email protected]
- New Positions, Promotions, Honors And Elections (Feb. 10, 2020) February 7, 2020New Positions, Promotions, Honors And Elections (Feb. 10, 2020) [email protected]… Fri, 02/07/2020 - 09:00 Surrey Satellite Technology Ltd. has hired Phil Brownnett as managing director. He had been UK managing director of geointelligence at Airbus Defense and Space. He succeeds Sarah Parker, who has left the company. Brownnett has extensive experience in oil exploration and […][email protected]
- Upcoming Events January 25, 2020Upcoming Events amy.hardcastle… Sat, 01/25/2020 - 01:36 To list an event, send information in calendar format to Donna Thomas at [email protected] For a complete list of Aviation Week Network’s upcoming events, and to register, visit www.aviationweek.com/events (Bold type indicates new calendar listing.) Jan. 27-30—Helicopter Association International Expo (HAI HELI-EXPO) Anaheim Convention Center, Anaheim, California, https://www.rotor.org/events/events-listing […][email protected]