Latest news with #shipping
Yahoo
an hour ago
- Business
- Yahoo
Shipping company unveils game-changing vessel that will traverse seas using ancient tech: 'The beginning of a new era'
Shipping company unveils game-changing vessel that will traverse seas using ancient tech: 'The beginning of a new era' Ingenious modern-day ship sails are again making headlines. This time, London's Union Maritime is outfitting its Brands Hatch tanker with 123-foot-tall windcatchers that are projected to cut dirty fuel consumption by more than 1,320 tons each year, according to Renewable Energy Magazine and a news release from Lloyd's Register. The London firm specializes in maritime classification and compliance services and was involved with this project from "design to delivery." The massive 114,000 deadweight-ton tanker is now the most powerful wind-assisted ship on the seas. Union's plan is for 34 ships to eventually be aided by the wind, with 14 featuring WindWings designed by the United Kingdom's BAR Technologies. Brands Hatch's sails were manufactured by CMET, according to Renewable Energy Magazine. The sails aren't something Blackbeard would find familiar. They are tall, rigid rectangles made from "robust marine steel and advanced industrial composite construction materials," per BAR's website. Cargill's Pyxis Ocean, which set sail in 2023, is outfitted with two of the giant BAR-made structures. The tech is part of innovations aimed at cleaning up sea travel, which also includes fascinating kites. Shipping produces about 3% of global planet-warming pollution, according to the European Federation for Transport and Environment. Concerningly, NASA reported that our vast oceans have absorbed 90% of the Earth's warming that has happened in recent decades. The experts noted that coral bleaching, accelerated ice sheet melting, and intensified hurricanes are some of the repercussions. The severe weather is also impacting home insurance coverage and costs. As a result, shippers are working to limit non-renewable fuel use with sails, as well as hydrogen and ammonia fuels. The latter two can have health risks as well, depending on how they are used, per the Massachusetts Institute of Technology and Sierra Club. For WindWings' part, the contraptions can make intelligent aerodynamic adjustments in angle and camber for improved efficiency and thrust. But the cargo is apparently going to be counter to the cleaner travel. Lloyd's suggested the tanker will be carrying oil. Do you think governments should ban the production of gas-powered lawn equipment? Absolutely Yes — but not yet I don't know Heck no Click your choice to see results and speak your mind. Exploring environmental concerns in our oceans can help you make informed decisions about what companies are working toward a cleaner future. You can invest in the ones that are making legitimate progress, which can be profitable, too. Choosing planet-friendlier transportation, even riding the bus a little more instead of driving, can also cut pollution and save you cash. "The upcoming delivery of Brands Hatch is a powerful example of how Union Maritime is responding to the evolving regulatory landscape by putting smart and sustainable technologies into action," Laurent Cadji, managing director at Union Maritime, told Renewable Energy Magazine. "It marks the beginning of a new era for Union Maritime and the global shipping industry." Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet. Solve the daily Crossword
Yahoo
5 hours ago
- Business
- Yahoo
China could block sale of port terminals: Report
The sale of global port facilities to U.S.-based investor BlackRock and Mediterranean Shipping Company by Hong Kong's CK Hutchison could be blocked by China, unless shipping company Cosco is included, according to a Wall Street Journal report citing anonymous sources. Hutchison said in March it planned to sell its 80% share of port terminals through subsidiary Hutchison Port Holdings at 43 ports in 23 countries for $22.8 billion. The company is controlled by billionaire Li Ka-shing. The prospective sale would include terminals near the Panama Canal, the waterway President Donald Trump said is a strategic priority for the United States. Based in Geneva, MSC is the world's largest container shipping line, with more than 800 ships and capacity of 5.6 million twenty foot equivalent units (TEUs). The newspaper reported that BlackRock, MSC and Hutchison are amenable to a Cosco stake. Hutchison, BlackRock, and MSC did not immediately respond to requests for comment. Messages left for the White House and Chinese media office were not immediately returned. The report added an agreement is not expected before a July 27 deadline for exclusive talks among BlackRock, MSC and Hutchison, the report added. Find more articles by Stuart Chirls uncertainty, sliding Asia-US container rates are a sure thing Report: White House maritime chief leaving Ports back bill to limit Customs charging for inspection services FMC investigating Port Houston pacts with container carriers The post China could block sale of port terminals: Report appeared first on FreightWaves.
Yahoo
6 hours ago
- Business
- Yahoo
WWEX Group Voted a Top 10 3PL in Inbound Logistics' 2025 Excellence Awards
Company makes top 5 debut in annual reader-voted rankings. DALLAS, July 17, 2025 /PRNewswire/ -- WWEX Group, the third-party logistics (3PL) provider behind Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics, has been voted #5 in Inbound Logistics' 2025 Top 10 3PL Excellence Awards in its first time appearing on the prestigious list. This debut highlights WWEX Group's mission to make it right for its customers by empowering its people to take ownership of outcomes and challenge themselves to create outstanding experiences for shippers. "Our team is deeply honored by this recognition, especially because it comes from the customers we serve every day," said Tom Madine, CEO of WWEX Group. "We've built WWEX Group on the belief that logistics should make business easier, not harder. And it's our scale, people, tech and carrier partnerships that turn shipping into a real advantage for our customers." A Full-Service 3PL Built for Modern Shipping WWEX Group is one of the fastest growing logistics providers in the country, with deep expertise across small package shipping, less-than-truckload (LTL), truckload (TL) and specialty freight. As the largest non-retail authorized reseller of UPS®, the company delivers enterprise-grade parcel solutions to businesses of all sizes. This means WWEX Group is one of the only 3PLs to offer every shipping mode. Through proprietary technology, WWEX Group also helps customers quote, book, track and analyze shipments in real time — creating visibility, control and actionable insights that transform logistics from an obstacle into a strategic advantage. WWEX Group has previously been recognized by Transport Topics as the #4 Top Freight Brokerage and one of the Top 100 Logistics Companies for 2025, ranked at #17. The company is also the #2 largest privately held freight broker in the U.S. "This ranking reflects the trust our customers place in us and the dedication of our teams across all our prestigious brands," said Joel Clum, COO of WWEX Group. "We're building a customer experience that delivers speed, scale and simplicity. And this award validates that we are succeeding." About the Awards The Inbound Logistics Top 10 3PL Excellence Awards are determined entirely by reader votes, with thousands of shippers and carriers nominating the logistics providers that deliver outstanding service, reliability and innovation. To enter the rankings in the top five is a strong recognition of WWEX Group's reputation as one of the most trusted names in logistics. About WWEX Group The WWEX Group family of brands, which includes Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics, offers full-service logistics expertise to more than 113,000+ customers across the country while helping move more than 53 million+ shipments per year. With access to industry-leading small package, truckload, less-than-truckload and managed transportation solutions, its customers benefit from enhanced visibility and value for their supply chains. In 2024, the company had an annual systemwide revenue exceeding $4.4 billion through a network of company-owned, franchise and agent locations. A highly selective carrier portfolio, proprietary technology, unique data assets and business intelligence capabilities provide clients with unmatched options and flexibility to meet their shipping needs. To learn more about WWEX Group, visit View original content to download multimedia: SOURCE WWEX Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
12 hours ago
- Business
- Zawya
DP World halves Romania-Turkey shipment times as it bolsters Black Sea assets
Dubai-owned ports and logistics company DP World has cut shipping times between Romania and Turkey by half, a senior executive said, as it expands its Black Sea operations at the European Union's eastern border. DP World more than doubled its container shipping capacity at Romania's largest Black Sea port of Constanta last year, with the addition of a roll-on, roll-off (Ro-Ro) terminal, and a logistics hub in western Romania. It has this year added an integrated European logistics service out of Romania offering road, sea, air and rail services, initially for clients in neighbouring Bulgaria, Moldova, Serbia and Turkey. "We have made huge strides in optimising maritime trade between Turkey and Constanta, improving the transit time by sea by 50%," DP World Eastern Europe Vice President Kris Adams told Reuters. "Istanbul-to-Bucharest shipments have been cut to under 30 hours, creating a viable alternative to road transport." A new scanner at DP World's Constanta Ro-Ro terminal has reduced truck inspection times from 5-7 hours to 2 minutes, he added. The upgrades cost a total of 130 million euros, but Adams said more would follow as there is growth potential in automotive, e-commerce and renewable energy cargo. "We're looking at ultimately investing over 200 million euros, there will be more in staff, in a digital platform and ... we have an ambition to operate contract logistics, so that means that we will at some stage be operating warehouses but it is too early to comment." Investment in infrastructure and exports of Ukrainian grain through Constanta in the wake of Russia's 2022 invasion helped boost operations at the port, which is a gateway to Central Asia and provides access to the Danube river and Western Europe. Its importance has also grown as companies relocate operations to Eastern Europe's low-cost manufacturing hubs to shorten supply chains. Adams said the company's investment plans would continue regardless of pending tax hikes by Romania's broad coalition government, although he noted the rises could dampen trade. (Reporting by Luiza Ilie; Editing by Kirsten Donovan)
South China Morning Post
14 hours ago
- Business
- South China Morning Post
Maersk downplays hit from US port fees as doubts swirl over anti-China plan
When the United States unveiled plans to charge hefty fees to any China-built or operated ship entering an American port earlier this year, the shipping industry appeared to face a stark choice: cut Chinese vessels out of their fleets or see their costs soar. But months ahead of the charges coming into force, the global shipping giant Maersk insists that it will be able to avoid making that decision, casting further doubt over the US' ability to curtail the dominance of China's shipbuilders. Maersk will not raise prices for its clients due to the US port fees; nor will it exclude Chinese shipyards and shipbuilders from consideration when ordering future vessels, according to Silvia Ding, the company's Greater China president. 'Maersk has 10 per cent of its fleet that will be subject to the port fee, and we can reassign our vessels to avoid the extra cost,' she told the Post on Wednesday on the sidelines of the 2025 China International Supply Chain Expo in Beijing. Ding added that Maersk would consider multiple factors when placing shipbuilding orders, including cost and technical requirements. The comments are the latest sign that the port fees – which are due to come into force in October – may have a more limited impact than some initially thought, after several moves by US officials to scale back the policy amid industry backlash.
