A.P. Moeller-Maersk will take a share in the second phase of a $12 bn deep-water port in Shanghai, reports Reuters. Maersk planned to move some of its shipping line services to the Yangshan port when the first phase of the Yangshan container terminal project starts up this month, other Maersk executives said without elaborating.
First Orders From New Lion Apparel Logistics Center Support U.S. First Responders In Middle East. Dayton, Ohio-based Lion Apparel opened its new 200,000 square foot Hazel Green Distribution Center (HGDC) yesterday. The official grand opening, with a ribbon-cutting ceremony, is scheduled later this month.
Ozburn-Hessey Logistics announced the start of the first phase of a multi-phase implementation for Zildjian, the worldwide manufacturer of premiere cymbals, drumsticks and other percussion products.
Danish shipping giant A.P. Moeller-Maersk will take a share in the second phase of a $12 billion deepwater port being built in Shanghai, a senior executive said on Tuesday.“We will be a partner in the new terminal,” said Knud Pontoppidan, executive vice president of the shipping firm.
Leading supply chain solutions provider, Manhattan Associates, Inc. (NASDAQ: MANH - News), and UPS, the world’s largest package delivery company, have further strengthened their offerings through the UPS Ready(TM) Program.
Tishman International Companies, based in Los Angeles, announced a large investment in Bulgaria. The project, named Sofia Airport Center will be constructed over the next two years in partnership with the German Contractor Lindner AG. It is proposed to develop corporate offices, a logistic centre and other business facilities on the site consisting of approximately 1.4 million sq ft with a projected built up area of about 1.1 million sq ft.
P&O announces that it has today agreed to sell its cold logistics business to Versacold Holdings Corp. of Canada for $323.7 mn. The consideration is approximately equal to the book value of the net assets being sold. The sale proceeds comprise approximately $149 million in cash and $34 million in the form of convertible debentures.
GE to Supply China's Ministry of Railways with 300 Locomotives. Delivery of Units to Begin in 2007. General Electric today announced that it has signed a contract worth more than $450 million with the Chinese Ministry of Railways (MoR). Under the agreement, GE, in an industrial cooperation with Qishuyan Locomotive and Rolling Stock Works (QLW), will supply three hundred 6,000-horsepower locomotives.
Intermodal Freight Service to Eastern Europe Launched from Shandong The first sea and rail intermodal container shipping service from China to Eastern Europe has been launched in Shandong province amid growing economic ties between China and Russia.The service is being offered by Russian Siberian International Transport Company, a Russia-based company, which has recently appointed a domestic firm in Shandong as its general agent for north China.
The fire destroyed the Primark warehouse in Lutterworth.Up to half of the stock of a major UK clothing retailer has been destroyed in a fire at a huge distribution centre. Dozens of firefighters tackled the massive blaze at the 440,000 sq ft TNT Primark warehouse in Lutterworth, Leicestershire, on Tuesday evening. A Primark UK spokesman said the damage to the building and stock was being assessed, adding it was fully insured.
TNT Logistics To Deliver Real-Time Visibility and Synchronized Assembly Processes to Automotive Manufacturers Using TIBCO's RFID Software. TIBCO Software Inc., a leading business integration and process management software company that enables real-time business, announced that it will provide TNT Logistics with complex event processing (CEP) and real-time visibility software for its RFID initiative. This will help prevent interruptions and manual interventions in the automotive supply chain for increased efficiency and delivery of what is referred to as "perfect orders."
A South Korean ferry carrying 347 passengers and crew members collided with a South Korean cargo ship early Thursday in the Kammon Strait between Japan's Honshu and Kyushu islands, reports Kyodo News.
Maersk is poised to tighten its stranglehold on container shipping with a new generation of ships able to load up to 15,000 TEU, according to Lloyd's List. The first of this revolutionary series, probably a shortened version, will be delivered in early 2006, giving Maersk a lead time of at least four years over any other line.
Exel, the world leader in supply chain management, has announced that Makro, the leading cash and carry company for food and non-food products in Asia, has signed a contract with Exel for the ongoing management of its warehousing and distribution operations in the Philippines.
The Spanish subsidiary of French group Geodis, which specialises in logistics and distribution services, has moved to the next level in terms of its expansion plans with the launch of a new platform at El Prat de Llobregat logistics park II (close to Barcelona's key port and airport zones). The new site has been constructed on a plot measuring 25,000m² and comprises 12,000m² of operating space and 1,500m² of offices. It will bring Geodis Iberia's site surface area in Catalonia to a total of 40,000m².
Vopak takes full ownership of DUPEG (Hamburg) storage companyKoninklijke Vopak N.V. announces its agreement with its partner Lehnkering GmbH, to acquire the latter’s 50% interest in DUPEG Tank-Terminal Deutsch-Ueberseeische Petroleum GmbH & Co (DUPEG). Following this acquisition, Vopak takes full ownership of this terminal established in Hamburg (Germany).
TNT sells GlobalCollect to management and private equity providers.GlobalCollect, the leading international electronic payment processor for Internet and Direct Marketing transactions, announces a management buyout from TNT to accelerate international growth, backed by Waterland Private Equity Investments and Prime Technology Ventures.
Russia and the European Union have agreed to raise quotas for the import of Russian steel to Europe by 11 percent next year, further opening Russian producers' access to lucrative Western markets, the Economic Development and Trade Ministry said Thursday. Under agreements with the EU, Russian steelmakers had been allowed to export 2 million tons of steel.
On 28 October, Hutchison Port Holdings' (HPH) Group member port, Hutchison Busan Container Terminal (HBCT), operated by Hutchison Korea Terminals (HKT), achieved a Korean stevedoring productivity record when it moved 260 boxes in an hour from the vessel, KMTC Shanghai. This achievement surpassed HBCT's past record of 182 boxes obtained in June this year, through the deployment of four quay cranes with twin-lifting capabilities.
MAERSK HOLYHEAD, a 20,900 cbm semi-ref liquefied petroleum gas carrier (lpg-carrier), on Sunday 6 November 2005 about 17.45 local time collided with the Liberian panamax bulk carrier PEQUHT 53-55 miles off the Maracaibo Lake channel (South america). MAERSK HOLYHEAD is carrying about 11,200 metric tons propane.
Kewill Acquires Interchain to Extend Global Leadership in Supply Chain Execution, Together Companies Create End-to-End Global Trade Execution Solution Offering for 3PL and 4PL Customer Base. Kewill Systems plc (LSE: KWL) ("Kewill" or "the "Group"), provider of supply chain control software and solutions, today announces the acquisition of Interchain Holdings B.V.Interchain is a privately-owned, Netherlands-based leading provider of sophisticated, integrated, multi-modal supply chain management software to the European market.
Two of Shanghai's neighboring cities are building their first container ports. New ports are to be built in Jiaxing and Hangzhou, Xinhua reported, and are being constructed as those locations are said to be more convenient for companies which currently ship containers via Shanghai or Ningbo.
RailPower Technologies Corp. announced that it has signed a Memorandum of Understanding with Mitsui Bussan Transportation System Co., Ltd ('Mitsui') to explore the market potential for RailPower's hybrid locomotive technology with Japan Freight Railway Company ('JRF').
EWS Holdings Ltd (EWSH) has today agreed to purchase the entire shareholding of Marcroft Engineering Limited, a well-established UK supplier of freight wagon maintenance services.The date for legal completion is yet to be confirmed but is expected during the next few weeks.The company will continue to operate as a free standing, independent business, trading as Marcroft Engineering Limited.
TTI Asia announces the expansion of its newest Regional Logistics Center in Hong Kong. "The major expansion of this center will allow us to effectively service our customers in the Pearl River Delta region with our passive components and state-of-the-art logistics services," said John Davidson, President, TTI Asia.