Business
The Galveston Wharves ended 2020 with a positive cash flow despite the pandemic and the related suspension of the port’s cruise business.
Officials attribute this to fewer expenses and success in generating additional revenues. In 2020 income from operations, grants and investments totaled $29 million, while expenses totaled just over $27 million, leaving Galveston Wharves with a positive cash flow of $2 million.
This is important because the port is a ...
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Alpha Ori Technologies (AOT) has signed a strategic partnership agreement with the ship management division of Saudi Arabian national carrier Bahri. The deal includes the installation of AOT’s patented SMARTShip™ digital platform across a substantial part of the Bahri fleet.
AOT, the world’s leading provider of ...
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CMA CGM Group announced on February 8 the following Peak Season Surcharge update:
This PSS will apply as follows:
• Origin : From North Europe & the Mediterranean (excluding Spain & Turkey)
• Destination : To Australia
• Cargo ...
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A container repair depot operated by Ports America Chesapeake at
the Helen Delich Bentley Port of Baltimore’s Seagirt Marine Terminal has been
being relocated to an off-dock location to accommodate the Port’s surging
growth in container volume. The move of the container repair depot provides
more space for container ...
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QuantumID Technologies, Inc. recently announced that SpiceJet has renewed its contract with SmartKargo to continue the delivery of real-time shipment data and innovative air cargo technology that powers key operations for the carrier’s air cargo business arm, Spice Xpress. This comes just as the airline ...
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Vivo Life has partnered with SEKO Logistics to scale its 100% plant-based health and fitness supplements business in North America as it aims to achieve the most positive impact on both people’s physical and mental wellbeing, and the planet. With SEKO’s help, the Glastonbury, United ...
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EVA Air has signed a new three-year cargo handling contract with Worldwide Flight Services (WFS) in Seattle, extending the two companies’ more than 15 years of partnership in North America. The agreement sees WFS take responsibility for handling all cargo onboard the Taiwanese airline’s daily ...
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Kerry Logistics Network announced in mid-December the development of a bonded logistics center in the Haikou Integrated Free Trade Zone in the Hainan Free Trade Port to support the Chinese government’s new policy. The 538,200 sq ft facility, expected to complete in 2023 Q1, will ...
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DB Schenker collaborates with Microsoft to accelerate the logistics service provider’s transformation towards becoming a leading global digital logistics company. Within this collaboration, DB Schenker has set the next milestones for the evolution of its future “logistics-as-a-service” approach.
Markus Sontheimer, CIO/CDO at DB Schenker: “We ...
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The Georgia Ports Authority moved more than 4.68 million TEUs in 2020, up 1.8%over its 2019 total of 4.59 million. Total cargo crossing all docks in 2020 reached 38.4 million tons.
The Port of Savannah achieved its busiest December ever last month, moving 447,525 TEUs, an ...
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