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Logistics

Felbermayr Acquires Austrian Equipment Unit

Austria-based logistics and heavy transport group Felbermayr Group has expanded its heavy assembly and engineered solutions capabilities through the acquisition of specialized equipment from Hoffmann Spezialtransporte. The transfer of assets was completed in mid-March following the retirement of company founder Olaf Hoffmann. The equipment will be integrated into Felbermayr’s heavy installation and engineered solutions operations, as well as subsidiaries Jozef Hermans and Wimmer Maschinentransporte. The acquisition includes two heavy-duty lifting gantries with ... [+]

Hormuz Crisis Limits Gulf Alternatives, Drewry

Container shipping disruptions linked to tensions around the Strait of Hormuz are testing whether Gulf states can reroute cargo through alternative ports and inland corridors, but structural constraints limit short-term options, according to Drewry Maritime Research. The chokepoint handles a relatively small share of global container ... [+]

Yang Ming Orders Six 13,000-TEU LNG Boxships

Yang Ming Marine Transport Corp. is moving ahead with a fleet renewal program that underscores the dual pressures of decarbonization and network optimization in the container shipping sector. The carrier said it has approved plans to order six 13,000-TEU LNG dual-fuel containerships, with procurement to proceed ... [+]

San Pedro Ports Study Zero-emission Equipment

The twin ports of Port of Los Angeles and Port of Long Beach have issued a final assessment examining the feasibility of battery-electric and hydrogen fuel-cell cargo-handling equipment as the gateways move toward their zero-emissions goals. The report, released March 10 under the ports’ Clean Air ... [+]

Global Container Order Book Tops 11.8M TEUs

The global container ship order book has climbed to a record 11.8 million twenty-foot equivalent units despite falling freight rates and rising trade tensions, according to shipping association BIMCO. The order book now totals more than 1,350 vessels, said Niels Rasmussen, reflecting continued fleet expansion by ... [+]

Air Cargo Lithium-ion Battery Incidents Rise

A new report from UL Standards & Engagement says incidents involving lithium-ion batteries in air cargo have increased 40 percent since 2021, highlighting growing safety concerns as global demand for battery-powered products continues to surge. The study, released March 10, draws on incident reports from airlines ... [+]

ILO, BIMCO Launch Pilot Insurance Program

The International Labour Organization and shipping association BIMCO have launched a pilot insurance program aimed at improving compensation and protections for workers in Bangladesh’s ship recycling industry. The Employment Injury Scheme will provide financial compensation for workers and their families in cases of permanent injury or ... [+]

IATA Expands Use of AI in Air Cargo Operations

The International Air Transport Association said it is expanding the use of artificial intelligence in air cargo operations through a series of initiatives aimed at improving efficiency, safety and collaboration across the industry. The airline trade group announced three programs designed to help airlines, freight forwarders ... [+]

Iran has Container Carriers Scared Strait

Major container shipping lines are imposing emergency surcharges, restricting bookings and rerouting vessels as Iran’s threat to disrupt traffic through the Strait of Hormuz sends shockwaves through global energy and shipping markets. The narrow waterway between Iran and Oman is one of the world’s most critical ... [+]

First New Gulf Oil Refinery in 50 Years Proposed

The Port of Brownsville said March 11 that a company called America First Refining plans to build what officials describe as the first new oil refinery on the U.S. Gulf Coast in nearly 50 years, a project expected to process domestic shale crude and create ... [+]

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