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Maersk Offshore Wind will provide installation services to the offshore wind market based on a new innovative offshore Wind Installation Vessel, or Maersk WIV.The design and concept are estimated to substantially reduce the installation time of offshore wind turbines compared to conventional methods, thereby lowering the overall installation cost for the developers, Maersk said.The Maersk WIV is developed to be permanently stationed at the wind farm to conduct successive installations, ...
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The Port of New Orleans said it has purchased the 210,000 square foot warehouse located at 5200 Coffee Drive in the Uptown section of its Port of New Orleans Terminal.The acquisition is supported by a new, 10-year lease with The Kearney Cos. Inc., a subsidiary ...
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Though the Georgia Ports Authority benefitted greatly from roll-on, roll-off cargoes diverted from the Port of Baltimore following the closure of that shipping channel, the Port of Brunswick is on pace to handle more than 860,000 ro-ro units at Colonel’s Island Terminal in fiscal year ...
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South Carolina Ports makes an US$87 billion economic impact in South Carolina each year, and more than half of that economic benefit occurs in the Upstate in the state’s northwest corner, the port authority said.A recent study by research economist and University of South Carolina ...
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Supply chain solutions provider NFI said it has acquired the freight brokerage operation of Transfix, a digital freight platform.Transfix will pivot its core business to solely focus on software and data solutions for brokers, shippers and carriers, with NFI to be the first third-party customer ...
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Shipping line Hapag-Lloyd said it will begin to apply a booking cancellation fee, or BCF, for North American exports, starting July 1.The carrier will charge a US$25 fee per container if customers cancel, reduce or roll bookings three calendar days or less prior to the ...
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Galveston Wharves said is spending more than US$90 million to update decaying or underused infrastructure and to maximize undeveloped acreage to grow its cargo business, as part of its 20-year strategic master plan.“We’re on the cusp of a new era of cargo growth for Galveston,” ...
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A bipartisan U.S. Senate bill would create a government-wide approach to monitoring, tracking and strengthening U.S. supply chains.The Promoting Resilient Supply Chains Act, introduced by Sen. Maria Cantwell (D-Wash.), chair of the Senate Committee on Commerce, Science and Transportation; and Sen. Marsha Blackburn (R-Tenn.), a ...
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Swiss WorldCargo, the cargo unit of Swiss International Air Lines (SWISS), has launched a new route between Zurich and Toronto, Canada, as part of expanding its long-haul network served by SWISS and Swiss WorldCargo.The addition of Toronto to its international network will support SWISS airfreight ...
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A.P. Moller – Maersk, or APMM, reported that its first quarter 2024 topline fell 13 percent year-over-year to US$12.4 billion, and EBIT slumped 92.4 percent to US$177 million.However, EBIT re-entered the positive territory (from an EBIT loss of US$537 million in the further quarter of ...
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