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CMA CGM, Nike Partner on Sustainable Shipping

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 ... [+]

Wen-Parker Logistics, 4ocean Partner

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 ... [+]

Industry Shows Progress on Sustainability

The International Air Cargo Association’s fourth comprehensive study on the air cargo industry’s sustainability position shows progress, but “we still have quite a bit of work to do,” said TIACA Chairman Steven Polmans.The survey, which involves supply chain partners from across the globe and from ... [+]

Siemens Taps Charlotte for Transformer Plant

Siemens Energy, a leading energy technology company, has selected Charlotte as the location for its advanced manufacturing facility to produce large power transformers.With an energy hub already located in Charlotte, Siemens Energy is expanding its operations with the US$149.9 million project, which will bring 475 ... [+]

BIMCO: Red Sea, Gulf of Aden Cargo Down 21%

Cargo volumes to and from ports in the Gulf of Aden and Red Sea during the first seven months of 2024 declined 21 percent compared to the year-earlier period, according to BIMCO the international association for shipowners.“The number of ships arriving in these ports significantly ... [+]

Intermarine Joins Jumbo, SAL in JSI Alliance

After three years as a joint venture, the Jumbo-SAL-Alliance said Feb. 28 it is bringing American multipurpose and liner operator Intermarine into the group, which is renamed JSI Alliance.Dutch maritime heavy-lift transport and engineering contractor Jumbo Shipping and German breakbulk and project cargo specialist SAL ... [+]

FMC Demurrage, Detention Rules Favor Fleets

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 ... [+]

CMA CGM Closes Bolloré Purchase

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 & ... [+]

CMA CGM Looks Back on ‘Year of Contrasts’

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 ... [+]

Maersk Delivers Solid 2023 Financial Results

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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