Logistics Industry News

Mitsui O.S.K. Lines (MOL) has acquired 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief (LBC), one of the world’s largest independent tank terminal operators primarily handling and storing chemicals in Europe and the United States.With the acquisition, MOL aims to strengthen its chemical logistics business.The sale and purchase agreement was signed on March 7, 2025, with the acquisition price expected to be approximately $1.7 billion.The…

Swedish shipping company WALLENIUS SOL has acquired British Mann Lines, expanding its customer base, service offerings and presence in key markets.WALLENIUS SOL, based in the Bay of Bothnia, has acquired Mann Lines, a provider of liner RoRo and container vessel services, logistics and forwarding.The acquisition reinforces WALLENIUS SOL’s platform for growth, supporting the development of a more sustainable and digitally driven shipping and logistics industry.“This acquisition strengthens WALLENIUS SOL's position as a reliable partner for customers in our key operating regions…

International freight insurer, TT Club, announces the appointment of Kamel Tlili as Chief Executive of its Singapore branch as Yiah Soon Ng retires after leading Thomas Miller’s Singapore office since 2009.After five years as Chief Executive for TT Club and having led Thomas Miller’s Singapore operations for 15 years, Yiah Soon (YS) Ng has announced his retirement. He is succeeded as Chief Executive by Kamel Tlili, TT Club’s Regional General Manager Asia Pacific, who took over…

Montréal-based marine and environmental services provider LOGISTEC announced it has appointed Cleidy Liborio Fernandes as chief commercial officer.Liborio Fernandes brings her leadership skills in international business and strategic development to drive growth for the company’s marine services sector throughout North America, Latin America and internationally.“As a transformational leader with in-depth supply chain knowledge and solid experience in large commercial organizations in the marine and logistics industry…

Danish shipping group Maersk has agreed to join a study by maritime services firm Lloyd's Register (LR) and UK-based Core Power, that will assess the potential for nuclear-powered container shipping in Europe, LR said on Thursday.The maritime industry has been exploring whether nuclear fuel can be used to power commercial ships as technological advancements have opened up such options, but industry officials last year said nuclear fuel solutions for ships were at least a decade away.Maersk, LR and Core Power will assess the regulatory feasibility and frameworks that would be needed for a conta

Transport and logistics insurer TT Club announced Thursday that Kevin King has stepped into the role as CEO, succeeding Charles Fenton effective August 1.Originally based in the U.S., King has long held positions within Thomas Miller managed businesses, and transferred to London in 2015 to lead the Europe, Middle East and Africa region at TT. More recently he served as the insurer’s Chief Operating Officer and acted as deputy CEO to over the last year.Fenton said, “Kevin is well-positioned to lead TT into a challenging future.

A.P. Moller - Maersk (Maersk) announced it has appointed Charles van der Steene as the new Regional President for North America, effective February 1, 2024. With the move, van der Steene will join the company’s Executive Leadership Team.A logistics industry veteran, van der Steene joined Maersk in 2011 with deep global experience in commercial leadership, operations and general management. He previously led Maersk’s commercial organization in North America and most recently headed up Maersk’s Global Commercial Excellence and Transformation organization.Narin Phol…

Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea.Suppliers for the likes of IKEA, Home Depot, Amazon and retailers around the world are doing the same as businesses grapple with the biggest shipping upheaval since the COVID-19 pandemic threw global supply chains into disarray, sources in the logistics industry said.Florida-based Basic Fun usually ships all Europe-bound toys from its China factories via the Suez Canal…

Cargo owners seeking to determine their Scope 3 emission liabilities from the logistics chain must contend with multiple calculation methods from different shipping lines that will affect their costs exposure to the EU ETS for shipping. To resolve this conundrum for its clients, pure car and truck carrier (PCTC) owner and operator UECC has adopted a standardised methodology based on an existing and trusted industry framework.The EU Emissions Trading System (EU ETS), set to be phased in for shipping from January 1…

UAE-based logistics giant DP World announced its BOXBAY high-bay storage system will be installed to boost container handling efficiency at its terminal in Busan, South Korea.BOXBAY was developed by DP World in a joint venture with German plant technology supplier SMS group, who first created and proved the system for handling heavy metal coils. Refined for port logistics, the fully automated rack-like container storage system allows direct access to each container at any time…

CMA CGM expects the marked slowdown seen in the fourth quarter of 2022 to continue in the current year, the French transport and shipping group said on Friday, citing inflationary pressures weighing on consumption.The company based in Marseille and privately controlled by the founding Saade family, said it expects balance between supply and demand to remain challenging in 2023, as capacity is expected to increase in both maritime shipping and air freight.Demand prospects seem uncertain, CMA CGM added, citing dealer inventory destocking in the United States as consumer purchasing power has come

In his annual New Years' address to employees, NYK President Hitoshi Nagasawa warned that while markets, particularly the containershipping market, will be more challenging in 2023 compared to the past two years, overall the group has "long anticipated that the strong tailwind would not last long," and in turn has "implemented structural reforms in the dry bulk business as well as cost reductions in various areas," to help ensure profitable operations.He cited the prolonged impact of COVID-19…

A public-private partnership between the state of Louisiana, the Port of New Orleans and two global maritime industry leaders will build a $1.8 billion container facility on the Lower Mississippi River, Gov. John Bel Edwards announced.The new Louisiana International Terminal (LIT) in St. Bernard Parish will be able to serve vessels of all sizes, increasing Louisiana’s import and export capacity and stimulating the creation of more than 17,000 new jobs statewide by 2050, Port NOLA estimates.New Jersey-based Ports America…

U.S.-based shipping and logistics company Crowley and energy major Chevron are among investors backing maritime hydrogen technology company Zero Emission Industries (ZEI). California-based ZEI on Thursday announced the first close of its Series A funding round led by Chevron New Energies with additional investment from Crowley. The company, which produces marine-specific turn-key fuel cell power and hydrogen storage systems, said the funds will help it to roll out its next generation…

Xeneta, a leader in ocean and air freight rate benchmarking, market analytics platform and container shipping index, announced the appointment of two new sales executives. Scott Irvine joins Xeneta as VP of Freight Forwarding and Laura Finbow will serve as Director of Sales Enablement. Scott Irvine has worked in the logistics industry for over two decades holding senior leadership roles across both shippers and freight forwarders. Most recently Scott was the VP of Air & Ocean for Zencargo, a leading digital freight forwarder.

German heavy lift and project logistics company Combi Lift said  its expanding its business into the Americas through the opening of a new office in Houston. “Houston is the perfect location in the U.S.A. It is one of the main project capitals in the world,” explained Klaus Hilpert, Managing Director and Chairman of the Board of Directors at Combi Lift. “Solutions are becoming more complex and project risk profiles are increasing. Clients are looking for trusted and globally connected partners who can leverage their assets and drive risk sharing throughout project delivery.

President Joe Biden said U.S. actions to eliminate supply-chain snarls have staved off a pre-Christmas crisis, ahead of a meeting with U.S. officials and private-sector companies, including FedEx, on Wednesday.Biden created a task force in June to address high prices and shortages of consumer goods and crucial components, thanks to pandemic-related labor and demand issues.After pushing for round-the-clock port operations, new transport rules and enlisting the help of big retailers including Walmart Inc.

The TOTE Group announced it is expanding its leadership team. Mike Noone, President of TOTE Maritime Puerto Rico, LLC is being promoted to a new role as the company’s chief operating officer for TOTE Group. Kevin D. Kendrick will be named the new president of TOTE Maritime Puerto Rico and Alex Hofeling will be named president of TOTE Maritime Alaska, LLC.“The TOTE organization welcomes Mike to this newly created role, where he will help drive the future of our companies,” said TOTE Group President & CEO Tim Nolan.

Shipping firm Trans-Asia Shipping Lines has launched its new RoPax vessel MV Trans-Asia 21 which will serve the Cebu-Cagayan De Oro-Cebu route in the Philippines.The company, part of Chelsea Group, said that the Japan-built newbuild was part of the group's program to move forward with its commitment "to provide Filipinos a fleet of modern, fuel efficient, clean, and superior quality ships."MV Trans-Asia 21 which measures 123 meters in length and with GRT of approximately 8,800 tons, is Trans-Asia’s 15th vessel and can carry 1,051 passengers.

The construction of a new inland port at the confluence of the Mississippi and Ohio Rivers took another step forward on Tuesday as the Alexander Cairo Port District completed a project labor agreement (PLA) with the Illinois AFL-CIO. The project labor agreement ensures that more than 500 jobs created by the construction of the Cairo port will be filled by local Illinois union workers.The Alexander-Cairo port represents one of the largest investments in Southern Illinois in decades.

The Suez Canal blockage laid bare many of the challenges being faced by the global shipping industry today. With 12% of global trade passing through the canal each day, the total revenue lost from delayed, damaged or lost goods due to its blockage is estimated to be up to $10 billion. Many of the organizations that faced a logistical nightmare in the face of the Ever Given blockage struggled to respond to things as they happened and make informed predictions about future occurrences…

On May 2, Tina Benjamin-Lea will take up the position as new COO in Svitzer’s AMEA region, reporting to Svitzer AMEA’s managing director, Nicolai Vinther Friis. Benjamin-Lea brings with her a wealth of experience within logistics after having worked for more than 30 years in the industry, focusing on cargo operations, chartering, ISPS and terminal operations.Nicolai Vinther Friis, managing director for Svitzer AMEA, said, “I am very pleased that Tina Benjamin-Lea is joining Svitzer AMEA as our new regional COO…

BIMCO's longtime chief shipping analyst Peter Sand is departing the trade organization to take up the chief analyst role at ocean and air freight rate benchmarking, market analytics platform and container shipping index Xeneta, the Olso-based company announced on Wednesday.Sand joins Xeneta after over a decade at BIMCO, where he was responsible for analyzing commercial markets based on the global economic situation and its influence on trade. Prior to BIMCO, he worked with Danish shipping company D/S NORDEN as a senior analyst.