Future supply chain companies will suffer from a poorly-developed workforce if companies do not adapt to digitalization and enable younger generations to fill supply chain roles, according to a recent survey from DHL.
FMC reviews 6 OTI license applications
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
Executive Moves: Port of Long Beach, MacroPoint and Union Pacific
The Long Beach Board of Harbor Commissioners elects new board president, vice president, and secretary; MacroPoint hires chief financial officer; and Union Pacific appoints board member.
Diana Containerships stock plummets amid 2nd reverse stock split this month
The Athens, Greece-based containership lessor on July 26 said it would initiate a 1-for-6 reverse split “on or around” July 27, just a few weeks after another 1-to-7 reverse split went into effect July 5.
Port groups, financial lessors form Yangtze River alliances
The non-profit Yangtze River Economic Belt Shipping Alliance, which was established in Shanghai on July 20, is made up of nine port operators, while the Yangtze River Economic Belt Financial Leasing Alliance consists of five financial leasing companies.
Port of NY/NJ on pace for record cargo volumes in 2017
Data show that between January and June of this year, the East Coast’s busiest seaport handled 3.2 million TEUs, compared to 3.0 million units during the same period in 2016.
SeaIntel: 18,000-TEU vessels could double Asia-North Europe market share
Copenhagen-based consulting firm SeaIntel predicts that ultra-large vessels, in excess of 18,000 TEUs, will double their market share on east-west routes by the end of 2018.
Matson to launch new loop between Hawaii and Marshall Islands
The Honolulu-based cargo carrier’s new biweekly service is scheduled to call at three Marshall Islands ports — Kwajalein, Ebeye and Majuro — beginning in the first quarter of 2018.
Special Coverage: How ocean carriers can return to profitability
Rather than focusing on building bigger ships and capturing market share, container lines should seek to become trusted advisors to shippers, accelerate the adoption of new technology, and use analytics to better manage their assets.
Crowley overcomes legal challenge to $2b DoD logistics contract
Crowley Logistics has been awarded a multi-year, $2.3 billion contract to provide transportation and related services supporting U.S. Department of Defense activities in the U.S. and Canada.