ABB Rolls Out Blended Learning Program for Azipod Users

ABB Marine & Ports said it has developed a new Blended Learning program for Azipod propulsion in response to customers’ requests for safe and efficient training of crews during global travel restrictions.The new program combines traditional…

Fincantieri Q1 Profit Jumps 27%

Italian shipbuilder Fincantieri on Thursday reported a 27.3% rise in first-quarter core profit to 101 million euros ($122.06 million) and confirmed its guidance for the full year.Revenue stood at 1.43 billion euros, a 9.1% increase compared to the first quarter last year when production at the group

Hapag-Lloyd Reports Strong First Quarter

German container shipper Hapag-Lloyd said on Wednesday it increased its net profit in the first quarter to 1.2 billion euros ($1.45 billion) and kept up its guidance for "clearly higher" full year earnings."We concluded the first quarter with a very positive financial result and look back overall on

JLL report highlights a strong Q1 for U.S. industrial real estate market

In its “Q1 Industrial Outlook,” JLL Director of U.S. Industrial Research Mehtab Randhawa wrote that e-commerce continues to be a trending topic of discussion, with demand from this industry driving the bulk of industrial leasing, with the caveat that leasing volumes are starting to normalize following an anomaly year.

New Prologis report drives home the need for more warehouse space

The most recent edition of the Industrial Business Indicator (IBI), which was issued by San Francisco-based real estate investment trust company Prologis points to the need for more warehouse, due to various factors, including rising consumer confidence, retailers restocking inventories, and higher sales numbers. The IBI was featured in the firm’s report, entitled “Customer Activity Surges on Strong Retail Sales and Inventory Restocking.”

Optimal Dynamics lands big investment for fleet decision making

A logistics technology startup aiming to improve the coordination of supply chain assets announced on Thursday an $18.4 million round of venture...

JGC Lands Pre-FEED Deal for Nigeria's First FLNG Project

Japan's JGC has been awarded the Pre-Front End Engineering and Design (Pre-FEED) contract for an FLNG facility project in Nigeria.The project is being run by UTM Offshore Limited, a Nigerian private company engaged primarily in crude oil sales and construction equipment leasing…

Golar Taps Karl Fredrik Staubo as CEO

Golar LNG announced on Thursday it has appointed appointed Karl Fredrik Staubo as CEO, filling the void left by prior chief executive Iain Ross, who stepped down in April.Staubo has since May 2020 been the chief executive officer of Golar LNG Partners LP, recently sold to New Fortress Energy.

Barge Traffic Backs Up Near Memphis Amid Mississippi River Closure

More than 700 barges are delayed on the lower Mississippi River on Thursday after a structural crack in the Hernando de Soto Bridge prompted the U.S. Coast Guard to halt vessel traffic on a portion of the crucial trade artery.The Coast Guard…

CSX signals intent to acquire Quality Carriers

CSX said the acquisition of Quality Carriers is aligned with the company’s long-term strategy to accelerate growth by deepening its relationships with its customers and providing them with more comprehensive transportation services throughout their supply chains