Transportation News, Logistics, Ports and Trade

MOL becomes new strategic shareholder in Odfjell Oceanwind

Following a recent private placement, Mitsui O.S.K. Lines, Ltd. (MOL) has become a shareholder in Odfjell Oceanwind, thus becoming an important strategic partner to the company. MOL is one of the largest shipping companies in the world with headquarter in Tokyo, Japan.

Rafeek & Moore and Bertling Logistics form joint venture company in Guyana

AJOT Newsroom | October 05, 2023 | Logistics

Logistics

Bloomberg | October 05, 2023

Saudi Cargo firm SAL draws $49 billion of orders for IPO

Cargo firm SAL Saudi Logistics Services Co. received orders worth $48.6 billion for its $678 million initial public offering, which is set to be the kingdom’s second-largest this year.

Tai Software’s best-in-class automation and Ai tools revolutionizing freight broker processes

Tai Software | October 05, 2023 | Shipping Technology

-Tai’s industry-leading Ai tools save brokers an average of 11 hours per week while securing their networks and improving data quality-

West Michigan Transport is in high-growth mode with Turvo’s collaborative TMS

AJOT Newsroom | October 05, 2023 | Logistics | Shipping Technology

Drewry World Container Index - 05 Oct

AJOT Newsroom | October 05, 2023 | Maritime | Liner Shipping

Drewry’s World Container Index decreased by 1.1% to $1,389.5 per 40ft container this week.

Sweden’s Preem is on track to cut crude consumption from 2024

Bloomberg | October 05, 2023 | Energy

Savage named General Manager of Aeronet Savannah

AJOT Newsroom | October 05, 2023 | Logistics

Peak hourly U.S. electricity demand in July was the second highest since 2016

AJOT Newsroom | October 05, 2023 | Energy

On July 27, 2023, peak hourly electricity demand in the continental United States reached 741,815 megawatthours (MWh). This peak was the second highest since we began collecting this data in 2016, just under the all-time high of 742,704 MWh recorded on July 20, 2022.

Drewry Multipurpose Time Charter Index

AJOT Newsroom | October 05, 2023 | Maritime | Breakbulk News

IAG Cargo expands services to Africa this winter

AJOT Newsroom | October 05, 2023 | Air Cargo | Freighters

• IAG Cargo will boost its services between Ghana and the United Kingdom from daily to 10 weekly flights beginning at the end of October • Services between London and Cape Town will soon have more than double the current freight capacity. • Additional capacity set to support global trade for the perishables, pharmaceutical and electronics industries

WinGD issues NOL for Chevron’s Taro Ultra Advanced 40 for both VLSFO and LNG general use

AJOT Newsroom | October 05, 2023 | Energy | Green Shipping

Chevron Marine Products’ Taro Ultra Advanced 40 oil has successfully passed NOL (No Objection Letter) requirements by engine manufacturer WinGD.

Exotec reaches over 100 customer sites accelerating the adoption of warehouse robotics and automation around the world

Exotec | October 05, 2023 | Logistics

The company is on track to hire 200+ employees globally by the end of the year as it continues to expand its presence across APAC, Europe, and North America

AECOM appoints Kurth as LA Metro Executive and Strategy + Growth Leader

AJOT Newsroom | October 05, 2023 | Project / Heavy Lift

CMA CGM announces the creation of ZEBOX UK, a global startup accelerator, in Manchester

AJOT Newsroom | October 05, 2023 | Maritime | Liner Shipping

ORTEC announces beer and beverage distribution solution suite for end-to-end supply chain optimization

AJOT Newsroom | October 05, 2023 | Shipping Technology

Technology investment on the rise to de-risk supply chains, according to latest FourKites research

AJOT Newsroom | October 05, 2023 | Shipping Technology

CMA CGM preparing for the EU Emissions Trading System application to shipping

AJOT Newsroom | October 05, 2023 | Green Shipping | Maritime | Liner Shipping

Bay & Bay recognized as Carrier of the Year by largest flooring manufacturer in the U.S.

AJOT Newsroom | October 05, 2023 | Trucking

Bay & Bay Transportation has been named “Carrier of the Year” by Shaw Floors, the largest flooring manufacturer in the United States.

Experience the future of less-than-truckload at new Mastermind event: “LTL Playbook LIVE”

Understand LTL | October 05, 2023 | Trucking

Less-than-truckload education and consultancy firm, Understand LTL, announces first-ever in-person event,"LTL Playbook LIVE," for November 9-10, 2023 in High Point, North Carolina.

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