Category Archives: Supplier

Easterly Asset Management’s Maritime Logistics Equity Partners (MLEP), formed last year to invest in critical maritime shipping assets, announced today that it has acquired three additional vessels through MLEP I, its first chemical tanker investment tranche. The newly purchased vessels are all 24,000 dwt coated chemical tankers, larger than the four J19 stainless steel chemical tankers previously acquired by MLEP I. “The new acquisitions through MLEP I show the appeal of our focus on benefitting from the substantial dislocations and opportunities in international shipping markets by acquiring and making available for hire pre-owned chemical tankers,” said Darrell Crate, Managing Principal of Easterly Asset Management and MLEP’s Chief Executive Officer. “We’ve seen that the demand for such tankers has the potential to generate a high level of income for investors, and we continue to seek new investment opportunities in the shipping sector.” Launched in September 2021, MLEP is taking advantage of the limited supply and growing demand for chemical tankers, a low future orderbook for new ship construction, and increases in trade. In addition to the four J19 stainless steel chemical tankers previously purchased, MLEP has acquired three coated tankers: Easterly Hawk (built in 2008) Easterly Osprey (built in 2009) Easterly Falcon (built in 2009) In November 2021, Easterly launched MLEP II, which has a goal of raising $150-250 million of equity. It plans to acquire all sizes of chemical tankers, including both stainless and coated MRs and handysize tankers, with the target of acquiring 15–25 vessels. Both of MLEP’s investment tranches capitalise on shortages in tanker capacity brought about by growing global demand for the transport of bulk liquids such as palm oil, molasses, feedstock, and other commodities and the limited construction of vessels …

GEODIS has committed to offering humanitarian aid to the people of Ukraine. This aid will be provided through the mobilisation of the group’s logistics capabilities for the transportation of essential goods, alongside a fundraising initiative in collaboration with the French Red Cross. GEODIS will provide free transport and storage of goods from France and other European Union countries to the regions that have taken in Ukrainian refugees. To deliver these services, the group will rely on its local teams, who are already setting up the appropriate transport and logistics resources to support the humanitarian aid and relief efforts. In particular, GEODIS will provide warehouse sites in strategic locations close to the Ukrainian border. The management of GEODIS has also decided to support the French Red Cross in its operations through a fundraising campaign that will be open for all employees of the group to contribute to. Every euro donated will be matched by GEODIS on a one-for-one basis. All donations received by the French Red Cross will be used to support people directly affected by the conflict by helping to meet their needs for water, basic necessities, medical supplies, first aid, and psychological and social support. Marie-Christine Lombard, Chief Executive Officer of GEODIS, said: “We want to express our support for the Ukrainian people, who are experiencing the horror of the conflict. In addition to financial donations, the entire GEODIS Group has decided to contribute to the humanitarian effort by exercising its expertise in organising transport and storage. Our network and our teams, whether at the head office or at the local level, are fully dedicated to facilitating the flow of goods linked to international solidarity.”

At the inauguration of the 3rd edition of LOGIX India in Dubai, H.E. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE, said: “The India-UAE Comprehensive Economic Cooperation and Partnership Agreement (CEPA) shall result in accelerated trade and investment and shall open a new world of opportunities.” Dr. Thani Al Zeyoudi said India is the UAE’s largest non-oil trade partner and the future is bright for India-UAE collaborations in global supply chain logistics. Thanking H.E. Dr. Thani Al Zeyoudi for inaugurating the event, Dr. A Sakthivel, President, FIEO, said, “India is committed to spending US $1 trillion on various infrastructure in the next 5 years, which will facilitate our logistics by bringing efficiency and reducing its cost.” “Logistics is an important component of the economy, and its role in manufacturing and exports can hardly be undermined. The logistics cost in India is about 14% of GDP, as against the international benchmark of 8-9%. However, the focus of the government on addressing the cost through various measures has already started yielding results. The government is implementing the dual Bharatmala (road network) and Sagarmala (waterways network) to improve the logistic backbone,” added Dr. A. Sakthivel. HE Ahmed Mahboob, Director General of Dubai Customs and the CEO of Ports, Customs and Free Zone Corporation, said, “UAE has made significant progress in technology upgradation in customs and the logistics sector and looks forward to supporting India in its mission for logistics sector transformation.” Complementing FIEO on organising LOGIX India in the UAE, Sandeep Kumar Bayyapu, Deputy Chief of Mission, Indian Embassy, UAE, mentioned, “The Indian economy is on the upswing. We have become the fastest-growing major economy in the world. …

MSC is pleased to be part of the Freight Logistics Optimization Works (FLOW) data-sharing initiative, launched at the White House on March 15, 2022. This major project will help to clear supply chain bottlenecks by improving freight information exchange between key stakeholders and consumers, leading to faster delivery times and reduced costs for consumers. A diverse taskforce representing many stakeholders FLOW includes 18 initial participants, with the aim of welcoming more in the future. Representing diverse perspectives across the supply chain, partners include US-based port authorities, terminal operators, private businesses, logistics, and warehousing companies, as well as the ocean carriers MSC and CMA CGM. The FLOW partners will work together with the US Administration to develop a more efficient and transparent way of sharing information. The idea is to create a new digital tool where each company can share accurate, cargo-related data in real-time. “We are pleased to join and support the FLOW initiative led by the US Department of Transportation, as we strongly believe that a common and interoperable digital infrastructure throughout the container shipping industry is a critical step to making supply chains more efficient, secure, and resilient. Collaboration with governments and other key industry stakeholders is of paramount importance to MSC, and there is no doubt that this initiative will strengthen the foundation for the seamless, end-to-end exchange of information we all need to keep global trade moving today – and tomorrow,” said André Simha, Chief Digital and Information Officer at MSC. Shaping the future, together MSC is committed to building strong, cross-industry partnerships that pave the way towards a better future for shipping by taking advantage of digitalization opportunities. Examples of the company’s recent collaborations include …

The Dredging Corporation of India has signed a historic Ship Building Agreement for the first Make in India project for the construction of the first Beagle Series 12 Trailing Suction Hopper Dredger of 12000 Cubic Meter capacity at Cochin Shipyard Limited today in the presence of Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, MoS Shripad Naik, and Secretary for Ports, Shipping and Waterways, Dr Sanjeev Ranjan. Speaking on the occasion, Sarbananda Sonowal said the Ministry, noting the importance of dredging for the operation of ports, has issued Dredging Guidelines for Major Ports. He said the need for sufficient dredgers is of utmost importance for timely completion of dredging and that the new dredgers would be able to bring in the much-needed efficiency and timely completion of dredging. He said this in turn would enable the smooth operation of vessels. Sonowal said the dredger built under the ‘Atma Nirbhar Bharat’ concept is one of the largest initiatives under Atmanirbhar Bharat and is a true reflection of international collaboration for Make in India. He said the Ministry, under the guidance of Prime Minister Narendra Modi, would be able to fulfill the objectives of the Maritime India Vision 2030 with well-equipped dredgers for the operation of ports to bring down the logistical cost of the cargo. Sonowal said that this Ship Building Agreement would also benefit from the Shipbuilding Financial Assistance Policy (SFAP) (2016) of the Ministry of Ports, Shipping & Waterways for Indian Shipyards for shipbuilding contracts secured between 01.04.2016 and 31.03.2026. Financial assistance is granted under this policy to Indian shipyards equal to 17 per cent of the lower of “contract price” or “fair price” or “actual payments received”, …

The FIATA Multimodal Transport Institute (MTI) gathered to address the implications of the ongoing events in Ukraine for freight forwarding and logistics spanning sea, rail, and road transport. Aside from the catastrophic human repercussions, which the industry is particularly sensitive to, global supply chains, which have already been weakened by the effects of the pandemic and the current maritime crisis, are being severely disrupted. Driver shortages, difficulty transporting freight within the impacted zone, and capacity challenges have all been cited. Rising fuel prices are projected to be a concern for the whole industry. It was observed that multimodal solutions are critical to guaranteeing the movement of commodities throughout the impacted area during this war, with border crossings apparently feasible by rail transit via Moldova and the Port of Galati, or via Romania, which gives port access. Trans-Caspian routes are projected to be crucial. Members of FIATA should be aware of the sanctions imposed by certain countries in reaction to the conflict, and should visit the appropriate government pages on a regular basis. Countries currently enforcing relevant sanctions include, among others, Australia, the European Union, the United Kingdom, and the United States. It is understood that more sanctions are being considered.

The Major Port Authorities Act, 2021 regulates, operates, and plans major ports in India and vests administration, control, and management of such ports in Major Port Authorities Boards. The legislation enables these ports to operate more efficiently as a result of improved decision-making autonomy and modernisation of their institutional framework. These ports have been given the authority to establish a scale of rates for port services and assets. Tariffs can be set by PPP concessionaires based on market conditions, for example. The compact Board of Directors, comprised of experienced independent members, is capable of boosting decision-making and strategic planning. Prior to the implementation of the Act, the overall capacity of major ports and the volume of cargo handled were as follows: *million tonnes per annum Connectivity is a vital enabler for ports since it is the end-to-end efficacy of the logistics chain that promotes industrial competitiveness. The Sagarmala initiative features a particular pillar of port connection projects to improve connectivity between ports and domestic production and consumption hubs. Under Sagarmala, 190 road and rail connectivity projects costing Rs 1.22 lakh crore have been identified for execution, with an emphasis on connecting large and minor ports. Fifty of these projects have been finished, while the remaining 140 are in different phases of development and execution. The Ministry of Road, Transport, and Highways (MoRTH), major port authorities, and other state organisations are principally in charge of implementing these projects. The government has launched a number of programmes aimed at port modernisation, automation, and digitalisation, with a focus on ease of doing business. This includes the implementation of web-based e-forms, direct port delivery, container scanners, radio frequency identification-based technologies for gate automation, a …

In the two weeks since Russia’s invasion of Ukraine, there seems to be a negligible impact on container prices and leasing rates in China. Container availability has improved from soon after the Chinese New Year until Friday across key ports in China. However, with the announcement of nationwide lockdowns, the supply chain must prepare for more turmoil in the coming months, impeding the flow of container movement as importers worldwide prepare for the peak season later this year. At the port of Ningbo, average prices for a 40-foot high cube container fell by 10%, approximately from $5930 on February 14th to $5329 on February 27th. As of March 10, this price stood at $5248. Similarly, average prices fell by 10–15% at the ports of Shanghai, Qingdao, and Shenzhen till March 11. Shenzhen witnessed a drop of 8% in the past two weeks. However, the lockdowns in Shenzhen, Zhejiang, Shanghai, Jilin, Suzhou, Guangzhou, and Beijing (19 provinces as of Sunday, probably more to come in a few days) imposed now will clearly heavily restrict container movement at these ports, which will, as we’ve seen in the past, prove to be further damaging to the global supply chain. Clearly, 2022 has not brought any cheer to the supply chain industry. On top of this, war will just prove to be another disruption amongst the other innumerable factors for China’s supply chain. Freight rates and container prices were already at a record high even before the invasion started, and what happened immediately due to the war was that the Russian ports were not being called by the national shipping lines anymore, the Black Sea being somehow closed, and the Asia-European railway being quite …

GEODIS has obtained Good Distribution Practice (GDP) Accreditation in China as the company ramps up its logistics services to meet the demands of the growing healthcare market. With COVID-19 exposing the emerging risks and weaknesses of the pharmaceutical industry’s supply chain, this accreditation underscores GEODIS’ commitment to ensuring the quality and integrity of pharmaceutical products for its customers across the logistics ecosystem.  The implications of the accreditation are extensive, given the stringent requirements published by the Chinese Ministry of Health (MOH) in 2013. The GDP certification requires comprehensive audits of all operational procedures in warehouses, ensuring that they are compliant with the highest industry standards for handling pharmaceutical products. This review process further highlights the role that logistics service providers play as vital partners in the healthcare supply chain.  “GEODIS is fully committed to ensuring our pharmaceutical and healthcare customers’ success in maintaining their delivery standards and reputation for high-quality products,” said Onno Boots, President and Chief Executive Officer, Asia Pacific, GEODIS. “This GDP accreditation demonstrates our continued dedication to providing industry-leading solutions and services in every aspect to meet the high standards set by China’s Ministry of Health.”  India, Korea, Thailand, and Singapore are also in the process of receiving certification from the IATA Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma), which ensures international and national compliance to safeguard product integrity, whilst specifically addressing the requirements for air cargo handling and transport.

To further meet the demand for its specialist aerospace logistics services award-winning B&H Worldwide has moved its New Zealand operation to a new on-airport site at Auckland Airport. The company has been operating in the country since 2012. Now located in the Airport Industrial Precinct, a highly desirable industrial area, the B&H team will be situated alongside some of the world’s largest freight and logistics companies, and will have easy access to all facilities at the largest and busiest airport in the country. In addition to warehousing and offices, the new site also has ample yards for devanning. Alongside manned 24/7 global AOG and aerospace logistics, the experienced B&H team in Auckland led by Country Manager, Lee Hedges will also offer specialist Dangerous Goods services. Says B&H’s Head of Operations, Oceania – Colin Kaltner: “Auckland is becoming an important forward stocking location for a number of our customers and the move to this on-airport site enables us to cater to their ongoing requirements. And of course, they will be able to have global visibility of their inventory through our unique, cloud-based track and trace platform FirstTrac.” The new operation is located at: B&H Worldwide Unit D, 6 Percival Gull Place Mangere Auckland 2022 New Zealand