Puerto Rico News

  Early businesses operated on the simplistic theory of demand and supply. High demand meant increased production and low demand meant reduced production. As trade grew complex, businesses started focusing on other crucial details like storage costs and proximity to markets. These helped them in devising advanced inventory solutions and efficient supply chain planning methodologies. Maersk's customer, a polymer producer, and distributor (based out of the Middle East), was struggling wit...

Ocean Infinity, the pioneer marine robotics company, is excited to announce the appointment of DebraAnn Braun as Chief Information Officer (CIO) based in the company’s HQ in Austin, Texas. DebraAnn joins a well-established technology team to be responsible for leading the digital aspects of the business including the delivery of high-quality data to clients in the most efficient and technologically advanced ways possible. Advanced ways possible DebraAnn has successfully led many technol...

HMM, the South Korean shipping company, launches the first in a series of 12 ultra-large containerships that will each feature individual MAN B&W G95ME-C10.5 low-speed main engines. At 23,964 teu, the ‘HMM Algeciras’ is the world’s largest containership and is bound for a working life between Asia and Europe. While the engine’s power delivery has been adjusted downwards to achieve optimal fuel consumption, the ME-C Mk 10.5 type is capable of delivering 6,870 kW per c...

PIL announces the launch of its new India service – China India Express (CIX) with effect from June 2020. This new service will provide a direct service from Tianjin and Qingdao in North China and Kaohsiung into India West Coast and Sri Lanka, calling Nhava Sheva, Mundra, and Colombo. Rotation of CIX Tianjin - Qingdao - Kaohsiung - Singapore - Port Klang (West) - Nhava Sheva - Mundra - Colombo - Port Klang (West) - Singapore - Tianjin Maiden Voyage: TXG, 5th Jun 2020 Service highl...

A top tier General Merchandise importer into North America selected Maersk Customs Services to optimise vessel level clearance. The importer was paying a high amount of Merchandise Processing Fees (MPF) on an annual basis. Administration costs and reconciliation were increasing as the company grew its imports year-on-year. A.P. Moller – Maersk (Maersk) took on the challenge and provided an efficient solution. The challenge The importer was paying a high amount of Merchandise Processin...

The challenge for the customer was to reduce vendor created errors in the invoice process, minimise the amount of manual updates required by the broker and eliminate the impact of potential delays in clearances, due to manual errors. The challenge Reduce vendor created errors in the invoice process, Minimise the amount of manual updates required by the broker, and Eliminate the impact of potential delays in clearances, due to manual errors. The customer is a long-term Maersk customer, i...

DP World, a renowned enabler of global trade, has completed the early stages of integration with TradeLens, a blockchain-based digital container logistics platform, jointly developed by A.P. Moller - Maersk and IBM. The collaboration between DP World and the TradeLens platform will help accelerate the digitisation of global supply chains. DP World aims to connect all its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens. In 2019 DP Worl...

A.P. Moller - Maersk, DSV Panalpina, DFDS, SAS, and Ørsted have formed the first partnership of its kind to develop an industrial-scale production facility to produce sustainable fuels for road, maritime, and air transport in the Copenhagen area. The partnership brings together the demand and supply side of sustainable fuels with a vision to realise what could become one of the world’s largest electrolyser and sustainable fuel production facilities. The project can spearhead the ma...

Pakistan is a thriving agricultural state wherein agriculture sector contributes more than a quarter of the country’s Gross Domestic Product (GDP). Among the large exports from agricultural produce, the exports of citrus fruits alone generate multi-million US dollar revenues in a year for Pakistan. Exports of perishable goods, such as fruits, vegetables, pharmaceuticals, fresh produce among others requires high levels of expertise during its transportation in refrigerated containers (Reef...

As part of Wrist’s commitment to support the Global Goals (Sustainable Development Goals) in reducing food loss by 50% by 2030, some of our branches tell us how they are taking action. Their branches in Long Beach and Strachans are donating excess food provisions to food banks, people experiencing food insecurities and to individuals in the local community. Their warehouse at the Aalborg branch have partnered with Nordjysk Fødevareoverskud, a Danish non-profit organisation that red...

Shipping accounts for 2.2% of global greenhouse gas emissions. Norwegian shipping companies are now taking a leading role in the fight against climate change. The goal is for the entire Norwegian fleet to be climate neutral by 2050. The aim of the Paris Agreement is to limit global warming to 1.5 degrees. The UN Intergovernmental Panel on Climate Change has given the world ten years to halve the total greenhouse gas emissions and maintains that they must drop to net-zero emissions by 2050. Clim...

To meet the shipping needs of the market and customers, CULINES is upgrading its South China-Taiwan direct container service (STD) from May 29, adding a call to Nansha Port. The STD will call at the Nansha Container Terminal III every Saturday, so the new port rotation will be Kaohsiung – Taichung – Huizhou – Yantian –Nansha – Shantou – Kaohsiung. Providing two direct sailings With this upgrade, CULINES will be providing two direct sailings per week between...

In May 2019, Maersk released Maersk Spot. It didn’t happen overnight, but something needed to be done about the everyday inefficiencies it was experiencing within shipping. Instant gratification is something users are used to in most aspects of their lives, but why not within the shipping industry? Imagine adding something to the basket on Amazon without knowing the price, how much delivery would cost, or how long it would take to arrive? Users wouldn't accept this in everyday life so why...

The latest vessel of Kongsberg Maritime design to enter service, an 81.80m NVC 375 WP freezer trawler named Ilivileq, has just been delivered to its working domain in the Arctic waters. Ilivileq, freezer trawler Ilivileq typifies the principles upon which the NVC range was conceived, combining an economical and environmentally beneficial foundation of low emissions and fuel-efficient operation, with a freeboard of optimal height, in order to ensure crew safety, teamed with modern, responsible...

Kongsberg Digital has signed a MUSD 25 agreement for the delivery of real-time data aggregation and visualisation software, and various domain specific services for a major energy company. The agreement includes an upside potential of up to MUSD 5, over the next five years, should the customer decide to expand delivery to all installations. Software services The agreement is covering a portfolio of software services for data aggregation, visualisation and decision support. These services are...

SBM Offshore CEO Bruno Chabas commented: “SBM Offshore delivered a good set of results during the first quarter of 2020, in line with expectations. The Company’s results, dividend track record and completed share repurchase exemplify SBM Offshore’s robust business model. At the same time, SBM Offshore is also impacted by the combined demand and supply crises in the oil and gas market and is taking measures to evolve and adapt with the uncertain dynamic market conditions."...

The annual accounts for Blue Water Holding, which comprises the transport group’s total activities, showed a magnificent profit of 25,7 m EUR before tax for 2019. This is an improvement of just over 24 m EUR compared to 2018, where the result before tax was 1,3 m EUR. The turnover increased by DKK 112 m EUR and consequently rose from 746 m EUR to 858 m EUR which is a 15 percent rise. Significant rise We are satisfied that we have managed to improve operations by optimising and enhancing...

Leading Classification Society ClassNK granted an Approval in Principle (AiP) to Nippon Yusen Kabushiki Kaisha (hereinafter referred to as NYK Line) and MTI Co., Ltd. (hereinafter referred to as MTI) for their joint project on the concept design of an autonomous ship framework (development code “APExS”). Guidelines The AiP was granted upon confirming the feasibility of the framework through safety evaluation in line with the guidelines ClassNK is involved in various demonstrati...

In continuous efforts to serve customers better, PIL highlights the enhancement in its West Africa weekly services that feature one of the fastest transit times to Tema, Onne & Tincan in the market as well as improved schedule reliability with 15 vessels deployed. SWS Features  South West Africa (SWS) Service, the new features are: Provide the fastest transit from China's main ports direct to Tema, Ghana. Offer one of the fastest transit times from China's main ports to Onne,...

A.P. Moller - Maersk. had a financially strong start to the year. Despite the COVID-19 pandemic’s profound impact on global trade the company kept the momentum in its strategic transformation and demonstrated robustness to weather the crisis.  First-quarter results  “In the first quarter of the year, A.P. Moller - Maersk again delivered profitable growth. Operating earnings increased by 23% year-on-year, and cash return on invested capital increased by 3.5 percentage po...

Kongsberg Maritime is pleased to report that its K-CAT (KONGSBERG Competence Assessment Tool) is receiving positive reports from the global oil & gas fleet supplier Siem Offshore, consolidating a deal between the two companies worth in the region of 700,000NOK. Innovative digital tool An innovative digital tool that enables personnel assessments to be carried out online, K-CAT’s abilities range from pre-employment evaluation through to crew competence verification. It is availabl...

SEARCH, Inc. (SEARCH), the largest underwater and terrestrial archaeology firm in the United States, and Ocean Infinity, the marine robotics company, are pleased to announce the discovery of USS Nevada (BB-36), one of the U.S. Navy’s longest-serving battleships, and viewed as the epitome of American resilience and perseverance. Deep-water search capability USS Nevada was located 65 nautical miles southwest of Pearl Harbor at a depth of over 15,400 feet. The discovery is the result of a...

The order backlog remained high and the cash flow was solid as a result of both a strong positive contribution from the operations and the sale of underwater technology company Hydroid. The financial effect of the COVID-19 pandemic was limited in the first quarter. However, the situation is creating increased market uncertainty going forward, especially in the maritime industry. WEBCAST: Recording of online presentation of KONGSBERG's 1st quarter 2020  Key figures: The order intak...

To offset the scarcity of reefer containers in South Africa, ahead of the upcoming citrus season and to support the nation’s agricultural sector, A.P. Moller – Maersk (Maersk), the world’s renowned integrated container logistics company, has brought 1,800 empty refrigerated 40-foot containers from the Middle East, as additional stock to serve customers. Refrigerated containers delivery There is additional supply to come and this will complement the refrigerated containers tha...

Wan Hai Lines is pleased to announce its plan to expand its existing service network between China and Southeast Asia by launching a new weekly service from Central China to Thailand & Vietnam on 15th May 2020. The service, named CTV by WHL and IAL, IA-98 by Sealand Maersk Asia will be operated with 3 vessels with an intake of 1,200 TEU. Comprehensive service coverage Wan Hai Lines will deploy 1 vessel while its partners Interasia Lines and Sealand Maersk Asia will operate the other two v...

Tokyo – Leading Classification Society, ClassNK has granted an Approval in Principle (AiP) to Imabari Shipbuilding Co., Ltd., for their concept design of a 180,000 DWT LPG dual fuelled bulk carrier, developed in cooperation with Mitsubishi Shipbuilding Co., Ltd. Approval in Principle (AiP) The AiP was granted to the concept design, based on ClassNK’s Guidelines for Ships Using Low-Flashpoint Fuels and its Rule Part GF (regulation for ships using low-flashpoint fuels), incorporating...

HMM held a naming ceremony for a 24,000 TEU-class containership ‘HMM Algeciras’, the world’s largest containership, at the DSME (Daewoo Shipbuilding & Marine Engineering)’s Okpo shipyard in Geoje, Korea. Distinguished guests attending the ceremony  About 160 distinguished persons attended the ceremony, including Moon Jae-in (President of the Republic of Korea), Hong Nam-ki (Deputy Prime Minister and Minister of Economy and Finance), Moon Seong-hyeok (Minister o...

In this webinar on ‘Improving inventory availability in a volatile supply chain’ hosted by MIT University and delivered by Dr. Erez Agmoni, Head of Supply Chain Warehousing and Distribution, North America at Maersk, on 7 April 2020, we discussed how Maersk and its customers can ensure their supply chains are kept moving and improving even during volatile times. Webinar Agenda Reasons for supply chain volatility How to prepare for supply chain disruptions Innovational approaches...

The rise in demand for bottled water in domestic and international markets provides a growing avenue for FMCG companies to expand their business. However, in a relatively seasonal market, companies require fast-moving supply solutions capable of meeting different requirements. The customer Maersk’s customer is the third largest non-alcoholic beverage company in the US and is also a part of the world’s leading bottled water company. Its product portfolio comprises various brands f...

PIL announces that its independently run weekly East Africa Service (EAS) will operate with 9 PIL vessels. Commencing from 15th May 2020, this service will introduce a direct call from Dalian to East Africa, with full rotation as follows: Dalian- Qingdao - Shanghai - Ningbo - Nansha - Singapore - Mombasa - Dar-es-Salam - Singapore - Nansha - Dalian PIL's Independent EAS service will replace the current joint service operated with Cosco and our East Africa 2 (EA2) service will cease.