News

Air Van acquires fellow 3PL G&C Cartage

Third-party logistics provider Air Van announced Monday it has acquired fellow Jacksonville, Florida-based company G&C Cartage.

Founded in 1971, G&C Cartage provides warehousing and transportation services to clients out of a lone facility with more than 35,000 square feet of space. The company recently underwent an overhaul, allowing it to reduce costs by more than one-third while doubling profitability.

Financial terms of the transaction were not provided.

Air Van said the additional space will...

https://www.freightwaves.com/news/air-van-acquires-fellow-3pl-gc-cartage

CMB.TECH to own world’s first ammonia-powered container vessel

CMB.TECH announces the order of the world’s first ammonia-powered container vessel in partnership with Yara Clean Ammonia, North Sea Container Line and Yara International through a 15-year deal.

The vessel, to be named Yara Eyde, is a 1,400 TEU ice-class container ship to be built at Qingdao Yangfan Shipbuilding (Qingdao, China). Expected to be delivered by mid-2026, the Yara Eyde is set to become the world’s first ammonia-powered container vessel and will run on clean ammonia, serving routes...

https://container-news.com/cmb-tech-to-own-worlds-first-ammonia-powered-container-vessel/

Eidesvik orders world’s first methanol-fueled CSV

Two CEOs talk up propsects for methanol-fueled CSV

Norwegian shipowners Eidesvik Offshore and Agalas have placed an order at Turkey’s Sefine Shipyard for a state-of-the-art, battery-hybrid methanol-fueled CSV (construction support vessel). It will be owned by an entity to be named Eidesvik Agalas AS, with Eidesvik holding a 50.1% majority stake, with the remainder owned by Agalas, which last year ordered its first vessel, an advanced offshore cable layer, at Sefine.

Set for deliver in 2026, the newly-ordered methanol-fueled CSV will be equipped...

https://www.marinelog.com/offshore/eidesvik-orders-worlds-first-methanol-fueled-csv/

War risk exclusions by insurers heighten stakes in Red Sea attacks

In early February, oil markets were lulled by hope of a now-unlikely ceasefire in the Israel-Hamas war. But a recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.

The Iran-aligned Houthis claimed responsibility for Friday’s attack on oil tanker M/T Pollux, which was bound for India. No injuries were reported.

This and other recent Houthi attacks, which followed a brief pause in early February, led major maritime insurer Steamship...

https://www.freightwaves.com/news/war-risk-exclusions-by-insurers-heighten-stakes-in-red-sea-attacks

WEC Lines enhances its reefer container fleet

WEC Lines has decided to enter the refrigerated container market by adding 45ft reefer boxes to its container fleet. The company has added the first batch of 50 brand new 45ft High-Cube Pallet-Wide refrigerated container units.

The carrier says the demand for reefer containers has been rising steadily across various industries, including food & beverage, pharmaceuticals, and healthcare, driven by the need for reliable and secure transport of temperature-sensitive goods.

According to the...

https://container-news.com/wec-lines-enhances-its-reefer-container-fleet/

SeaLead unveils new ownership structure and management leadership shift

SeaLead, a rapidly expanding global shipping line, has announced a shift in its ownership structure and management leadership, reflecting a strategic move to fortify its market position and bolster operational and commercial capabilities.

SeaLead is now owned by a consortium of investors, which includes:

  • Eurasia Capital: A Singapore-based equity and debt multi-purpose fund with a broad investment focus spanning multiple industries, including maritime and logistics. Leveraging its deep industry...

https://container-news.com/sealead-unveils-new-ownership-structure-and-management-leadership-shift/

MPCC, Unifeeder partner on dual-fuel methanol boxship construction

MPC Container Ships (MPCC) has entered into joint retrofit agreements with various charter customers. Under these agreements, both the charterer and MPCC will share the costs of retrofit investments followed by an extension of the vessels’ time-charter contracts.

“This collaborative effort reduces open charter positions, increases contract coverage for 2024 and beyond and enhances the overall efficiency of the fleet,” said MPCC in its announcement.

In an initiative, MPCC has partnered with...

https://container-news.com/mpcc-unifeeder-partner-on-dual-fuel-methanol-boxship-construction/

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