Unmanned Piracy Detection Vessel Launched

A new unmanned surface vessel (USV) launched by U.K.-based marine and offshore services firm Star International has been designed for use by shipping operators to identify piracy threats and inform evasive actions.The Narwhal Star USV is an…

FedEx reports very solid fiscal first quarter earnings numbers

Revenue—at $19.3 billion—was up 13% annually, and operating income—at $1.59 billion—headed up 63%. The company’s quarterly net income on an adjusted basis—at $1.25 billion—outpaced the $745 million recorded for the same quarter last year. Adjusted earnings per share—at $4.87—outpaced the $3.05 per share, from a year ago, and topped Wall Street expectations, of $2.54 per share.

Canada’s TFI to acquire US 3PL DLS for $225 million

Canada’s largest trucking operator, TFI International, is acquiring third-party logistics provider (3PL) DLS Worldwide from R.R. Donnelley & Sons for $225 million — TFI’s largest brokerage acquisition to date. The deal...

DP World to Partner with Israeli Firm in Bid for Haifa Port

Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and…

CROE to Fit Its Scrubbers with Oberlin Filters

CR OCEAN ENGINEERING L.L.C. (CROE) and Oberlin Filter Company are partnering to provide an automatic, low-maintenance washwater filtration system to supplement CROE’s closed loop and hybrid exhaust gas cleaning systems (also known as scrubbers).

East Mediterranean Dispute: Cyprus Willing to Talk with Turkey 'Without Threats'

Cyprus is ready to engage in talks with Turkey to resolve differences but only "without blackmail and threats", President Nicos Anastasiades said on Wednesday.The two countries are locked in a dispute over drilling rights in the Mediterranean…

Families of Sunken Livestock Carrier Crew Plead for Search to Resume

Families of 39 Filipino crewmen who were aboard a cattle ship that sank during a typhoon are pleading for a search to continue and to expand into uninhabited islands and nearby waters, two weeks after their vessel capsized off Japan.In tears during an online news conference…

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany…

Improving 3PL Management: Digital transformation

The future of the third-party domestic transportation management market is now centered on creating digital experiences, workflow automation, and optimizing customer and carrier focused service performance. Here’s a breakdown of what’s happening in what many call the most dynamic segment in logistics.

Petronas CEO Sees Number of LNG-Fueled Ships Doubling by 2030

The number of ships fuelled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday.Currently…