Shipping News
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Construction of 43,000 sqm Maersk Flow Warehouse to begin in Duisburg
Duisburg – A.P. Moller – Maersk is continuously expanding its network of logistics and distribution warehouses in order to offer even more end-to-end logistics solutions of the highest quality to its customers worldwide. Now that the building permit has been issued, the construction of a new Flow Warehouse will begin in…
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YILPORT HOLDING APPOINTS BORIS WENZEL AS CO-CEO
Global ports and container terminals operator Yilport Holding has announced the appointment of Boris Wenzel as its co-CEO (co-Chief Executive Officer) and Chief Strategy & Investment Officer, effective on 1 September 2022, according to the company’s release. Mr. Wenzel’s last post before joining Yilport was at CMA CGM as Managing…
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DP World first-half profit jumps 52% to record $721m
Sultan Ahmed Bin Sulayem : Our strategy to focus on high margin cargo and to offer customised supply chain solutions World trade volume (goods and services) is forecast global growth at 3.2 per cent in 2022 and 2.9 per cent in 2023 DP World, one of the world’s largest port…
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Ardmore Shipping expands presence in Singapore to support energy transition plan
Ardmore Shipping has announced that it is expanding its presence in Singapore this year. Due to its global business and operations, Ardmore is formulating a more geographically balanced senior management team to serve the needs of its customers and partners. As part of this change, Mark Cameron, Ardmore’s Chief Operating…
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Adani Logistics to buy inland container depot for $105m
ALL will acquire an operational ICD with the capacity to handle 0.5 million TEUs. Adani Logistics (ALL), a wholly-owned subsidiary of Adani Ports and Special Economic Zone (APSEZ), has agreed to buy an inland container depot (ICD) in the Indian state of Gujarat. The deal will see ALL take over…
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Building Materials Manufacturer YKK AP America Expands Residential Window Production Capabilities with New Facility in Bibb County
Today Governor Brian P. Kemp announced that YKK AP America Inc. (YKK AP), a technology-oriented manufacturer of commercial façade systems and residential windows and doors, will invest up to $125 million in an expansion that will include a new manufacturing facility and additional machinery and equipment in Bibb County. The…
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Port of Long Beach releases the Deep Draft Navigation Integrated Feasibility Report
This Final Integrated Feasibility Report with Environmental Impact Statement/Environmental Impact Report (IFR) presents a summary of the planning process, describes the affected environmental resources and evaluates the potential impacts to those resources as a result of constructing, operating and maintaining the Port of Long Beach Deep Draft Navigation Project. The…
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Philippine Ports Authority net income up 9% in 1H 2022
The Philippine Ports Authority (PPA) continues to rebound from the effects of the global pandemic as net income increased by 9% in the first six months of the year, according to PPA’s release. The agency’s net income is now only 13% down compared to the pre-pandemic figure. PPA‘s net income…
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Sea‑Intelligence : NAWC volume growth slowing in 2022-Q2
The topic of record profits of container shipping companies is returning to the center of debate in the sector after the publication of the new exceptional results for the second quarter of the year. Maersk, for example, reported profits of 8.6 billion dollars (about 8.46 billion euros), while for colleague…
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