CMA CGM, Google Partner to Deploy AI Across Shipping and Logistics
CMA CGM and Google announced a partnership to accelerate the integration of artificial intelligence (AI) across CMA CGM's operations globally.“By combining CMA CGM’s deep expertise in shipping and logistics with Google's AI tools and secure infrastructure we can help CMA CGM digitally transform its own operations and those of its customers," said Sundar Pichai, CEO of Google and Alphabet. "This partnership is a prime example of how AI can assist employees…
Dry Bulk Newbuild Contracting Falls 34%
“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15.2% y/y, the number of sales still increased 11.7% y/y. Other factors, such as limited shipyard availability and uncertainty on fuels and demand outlook could be contributing to this hesitation…
NYK Acquires Multiple Segments of ENEOS Ocean’s Shipping Business
NYK and ENEOS Ocean Corporation have agreed to NYK’s acquisition of 80% of the shares of a new company to be established by ENEOS Ocean Corporation. The new company will take over ENEOS Ocean's shipping business through an absorption-type company split that will include the company’s LPG carriers, chemical tankers, product tankers, and dry bulk carriers.The demerger will not include ENEOS Ocean’s crude oil tanker business.The new company will operate 49 vessels…
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