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Transportation & Distribution: Page 51

Hapag-Lloyd Left Out of Second Round of Bidding for HMM

Hapag-Lloyd, the only foreign company involved in HMM's bidding, was ruled out of the privatization process by creditor banks Korea Development Bank and Korea Ocean Business Co.

Photo: iStock.com/eyewave

HD KSOE Delivers LNG Tanker with an AI Engineer

The AI engineer is equipped with two engine automation systems that operate in real-time to diagnose the condition of important ship equipment and detect potential emergencies.

Photo: iStock.com/ricardoreitmeyer

Bottoming Out: Freight Rate Rebound Poses Risk for Shippers

While they still have some operating leverage, shippers should start preparing for the market turn.

Photo: iStock.com/monticelllo

MSC Signs Second Vessel-Sharing Agreement with ZIM

The agreement will involve five vessels of 6,700 TEUs each, with MSC managing three of the ships.

Stade, Germany. Photo: iStock.com/eyewave

Over 40% of Safety Professionals in the Transportation Sector Are Now Women

Almost 30% of the companies that participated in the study (29.1%) said that 20% to 49% of their safety positions were held by women in 2023.

Photo: iStock.com/Smederevac

Sugar Heads Toward Two-Month High on Concern Over Indian Exports

India has recently ramped up restrictions on rice exports as the nation tackles rising food costs before an election in 2024, prompting speculation about which commodity might be next.

Johor, Malaysia. Photo: Bloomberg

Retailers Gearing Up for Halloween Earlier Than Normal

U.S. seaborne imports of Halloween products were down 6% when compared to the same peak three-month period in 2022.

Photo: iStock.com/Lakshmi3

Gebrüder Weiss and Atinkana Ship Coffee Beans via Sailing Ships

In order to reduce carbon emissions, Atinkana will transport the beans from Colombia to Amsterdam on sailing ships.

Photo: iStock.com/CASEZY

OPEC May Need to Cut Again as Fragile Members Recover, Citi Says

Iran, Iraq, Libya, Nigeria and Venezuela will add roughly 900,000 barrels a day of production this year and at least the same in 2024, the bank estimates.

El Tigre, Venezuela. Photo: Bloomberg

Ocean Carrier EBIT Fell by 90% Year-on-Year During Q2 2023

Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.

Photo: iStock.com/SHansche

India's Modi Calls for Greater Supply Chain Resiliency

Modi said the COVID-19 pandemic emphasized the importance and need for resilient and inclusive supply chains during the 15th BRICS Summit in Johannesburg, South Africa.

Photo: iStock.com/JIRAROJ PRADITCHAROENKUL

Port of LA Cargo Volumes Fell in July After Near Record-Breaking June

Through the first seven months of 2023, the Port of Los Angeles has processed 4,821,670 TEUs, a 24% drop from the same period in 2022.

The Port of Los Angeles, Los Angeles, California. Photo: iStock.com/viavado

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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