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Transportation & Distribution: Page 42

Toyota Subsidiary Shuts Down Factories for Safety Test Investigation

The shutdown comes about a week after Daihatsu said it was suspending all vehicle shipments after it was found that the organization used improper testing for 64 vehicle models.

Photo: iStock.com/Muhammad Labib Adilah

Capital Product Partners Finalizes $3B Acquisition of 11 LNG Vessels

Capital Product Partners entered into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, 2023 to acquire 11 LNG vessels from Capital Maritime.

Photo: iStock.com/Автор

Gebrüder Weiss Opens Third Australian Location

The company said that it is planning to open additional locations in northern and western Australia in order to provide “blanket coverage” for the entire continent.

Brisbane, Australia. Photo: iStock.com/f11photo

DTN Aims to Improve Safety and Efficiency with Optimal Speed Routing

DTN said the feature will allow ship owners and charterers to better plan for and adapt to potential voyage disruptions that can affect a company’s performance, bottom line or emissions.

Photo: iStock.com/SHansche

Red Sea Crisis Disrupts Ikea, Abercrombie & Fitch Shipments

Ikea said it’s looking for other options to secure the availability of its products, many of which normally pass through the Red Sea and the Suez Canal.

Photo: iStock.com/Berezko

U.S. Chipmaker to Sell Chinese Factories to Local Company

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

San Jose, California. Photo: iStock.com/Sundry Photography

Shipbuilder Samsung Ordered to Pay $290M Over Defects

Samsung Heavy Industries said an arbitration tribunal ruled during the week of December 12 that SHI must pay $290 million to SHIKC1 Shipholding S.A. and SHIKC2 Shipholding S.A.

Klaipeda, Lithuania. Photo: iStock.com/Natallia Pershaj

China Produces Over Half the World’s Deadweight Tonnage

China’s shipbuilding output increased by 12% year-on-year to 38 million dwt during the period running from January 2023 to November, making up50.1% of the planet’s total output.

An LNG carrier vessel. Photo: iStock / nikkytok

Nominations Opened for WIT 2024 Driver of the Year Award

The finalists and the award winner will be recognized at the 2024 Salute to Women Behind the Wheel in Louisville, Kentucky on March 22, 2024.

Photo: iStock.com/ronnachaipark

Maersk Stops All Red Sea Container Ship Traffic

Maersk said December 14 that its vessel, Maersk Gibraltar, was targeted by a missile when traveling from Salalah, Oman to Jeddah, Saudi Arabia.

Photo: iStock / Marina113

Star Bulk and Eagle Bulk Shipping Agree to $2.1B Merger

Star Bulk Carriers' shareholders will own 71% of the company while the remaining 29% will be owned by Eagle Bulk shareholders.

Photo: iStock.com/liorpt

Drayage Business at Technological Crossroads, Software Exec Says

People in trucking have been doing the same thing the same way for a long time, so getting them to commit to new technology is a little bit of a challenge.

Technology could alleviate truck backups at ports. Photo: PortPro

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Photo: iStock/Anastasiia Yanishevska

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