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CEVA signs deal to acquire Borusan Tedarik

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CEVA Logistics, a subsidiary of the CMA CGM Group, will strengthen its global footprint in a key market as the company announced today the signing of a binding agreement to acquire 100 percent of Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi.

The signed share transfer agreement lists a total transfer price of $440 million (USD) subject to ordinary net cash and working capital adjustments. Privately held Borusan Holding has 69.47 percent of Borusan Tedarik’s shares, while the remaining 30.53 percent is held by publicly traded Borusan Yatırım. The deal, which includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China, remains subject to customary closing conditions and regulatory approvals.

With roots going back more than 50 years, Borusan Tedarik offers comprehensive logistics solutions in Turkey, including contract logistics, finished vehicle logistics (FVL), full truckload (FTL) and less than truckload (LTL) ground transport, as well as air and ocean freight and customs. With 2024 gross revenue of $567 million (USD), Borusan Tedarik serves a diversified customer base of global customers, as well as domestic leaders who would benefit from CEVA’s strong global network.

CEVA Logistics would welcome approximately 4,000 employees working with Borusan Tedarik. Adding the logistics activities of Borusan Tedarik would strengthen CEVA’s current position in Turkey, with a strong offering in each of its core products—air, ocean and ground transport, contract logistics and FVL.

The acquisition would nearly double the size of CEVA’s domestic warehousing and distribution operations, adding approximately 570,000 square meters to its existing 620,000 square meters of warehouse space. In addition, the combined ground transport activities would execute nearly 1 million domestic transports per year, while Borusan Tedarik’s activities would also strengthen CEVA’s existing network connecting with Europe. Borusan Tedarik’s relationships in the automotive industry would boost CEVA’s domestic FVL operations into a Top 3 position. Finally, CEVA’s ocean capacity would increase by 25 percent, while its air capabilities would rank among the Top 5 in Turkey.

CEVA Logistics continues its growth trajectory following its 2019 acquisition by the CMA CGM Group. As the Group’s strategic logistics pillar, CEVA has integrated large logistics players, including Ingram Micro’s CLS division, GEFCO, and most recently, Bolloré Logistics. CEVA has also made numerous domestic bolt-on acquisitions and launched joint ventures to accelerate its growth in key geographies or market sectors.

Mathieu Friedberg, CEO, CEVA Logistics, said: “As a Top 5 global logistics player, we have identified Turkey as one of our strategic geographies where we expect to grow significantly. Complementing our existing presence in Turkey with the reputable experts and operations of Borusan Tedarik would put us in a position to offer even greater value to our combined customers and, as a result, grow faster than the market organically. CEVA is becoming bigger, stronger and smarter, so that we can then grow faster.”

Erkan Kafadar, CEO Borusan Group, said: “We have initiated the transfer process of Borusan Tedarik—one of our investments that adds significant value to our country and sector—to CEVA Logistics, a global provider of integrated logistics services. Founded 52 years ago to meet the internal logistics needs of our Group, the company’s evolution into a global player is a source of immense pride for us. We consider this transaction not only as a business deal but also as a strong expression of international trust in Turkiye. As Borusan Group, operating under a dynamic portfolio strategy, we will continue to contribute to the economic and social development of our country through new investments.”

29 April 2025 |

DEME supports new maritime simulator for students

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Students at the Maritime Institute Mercator in Ostend can now gain additional practical experience thanks to a new maritime simulator.

Unveiled this week in the presence of Flemish Minister of Fisheries Hilde Crevits, this innovative simulator enables students to practice navigating in poor weather conditions as well as other challenging scenarios without having to actually go out to sea.

The simulator represents a valuable addition for students in the maritime navigation, maritime fishing, and maritime techniques deck programs. Thanks to this simulator, students from the Maritime Institute in Ostend will get to experience realistic scenarios and should immediately be able to improve their skills in terms of navigation, communication, and decision-making at sea. In addition to gaining practical experience, the students will also earn partial certificates that will assist them in their future careers. Furthermore, the simulator will allow them to practice both simple scenarios for learning basic skills and complex situations that will help them master crisis management and navigation.

This project was partially made possible thanks to the support of DEME, which is one of the sponsors of this advanced maritime simulator. “Supporting this initiative is crucial for us at DEME because it aligns with our commitment to fostering the next generation of maritime professionals. By providing students with access to cutting-edge technologies, we are helping to ensure they are well-prepared for the challenges of the maritime industry and that they can contribute to its future success,” said Hans Casier (Chief HR Officer).

28 April 2025 |

Balena completes movement in Baltimore

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Balena Projects would like to share another project that they successfully completed involving the movement of a transformer.

The cargo, along with its accessorial pieces, weighed 138 metric tons.

This operation involved rolling the transformer onto a Mafi trailer from the vessel, which was executed with precision, coordination, and efficiency.

Balena Projects successfully discharged the cargo from a RO/RO vessel at the Port of Baltimore, MD.

An independent surveyor was present on-board to oversee the entire discharge process, and confirmed that all units were handled properly and arrived in good condition with no damage reported.

Balena Projects excel at a range of project logistics services, which includes management & planning, surveys & studies, heavy haulage, ocean freight, barge operations, ground transportation by rail, urgent air freight, multimodal transportation, transport engineering, lashing, loading & unloading and warehousing.

28 April 2025 |

ABL awarded contract in the USA

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Energy and marine consultancy ABL has been awarded a contract in the USA to provide dynamic positioning (DP) trials and failure mode and effects analysis (FMEA) for towing, salvage and rescue ships.

In addition to FMEA and DP trials, ABL will provide critical systems documents, periodic safety testing procedure (PSTP), quantitative failure analysis (QFA), motor control centre manual, and design verification testing procedure (DVTP).

The project is managed and executed by ABL’s USA DP and critical systems’ team, based in Houston, USA.

These new vessels will provide ocean-going tug, salvage, and rescue capabilities to support a multi mission common hull platform capable of towing heavy ships. These ships will also be able to support current missions, including oil spill response, humanitarian assistance, and wide area search and surveillance.

“The project is a testament to the market-leading reputation that ABL is known for in managing, supporting and inspecting DP and marine critical systems. Our coast-to-coast US presence means we are also able to easily deploy the relevant marine surveyor to site with minimum travel and time.” Steven Mason, Marine Assurance Manager, ABL Americas.

ABL offers a comprehensive global technical offering to support DP and critical systems throughout their lifecycle. Services include DP trials and assurance, feasibility studies, FMEA and FMECA expertise, engineering, design and analysis of DP systems, investigation in maritime casualties, as well as project management.

Annually, ABL carries out more than 600 DP trials worldwide, with experienced marine surveyors based across more than 40 countries in the Americas, Europe, Africa, Middle East, and Asia Pacific.

ABL is the energy and marine consultancy branch of Oslo-listed consultancy ABL Group. Its US operations are coast-to-coast with offices in Houston, New York, Boston and Providence, and further presence in San Francisco, San Diego, Seattle, New Orleans and Fort Lauderdale.

28 April 2025 |

Blu Logistics rebrands to Rhenus Logistics

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The Rhenus Group, a global logistics solutions provider, has announced the official rebranding of Blu Logistics LATAM to Rhenus Logistics, following its acquisition in 2023.

The rebranding will enhance the Group’s footprint and operational integration across Latin America, as BLU Logistics LATAM will now commercially operate under the Rhenus Logistics name in Argentina, Colombia, Ecuador, Mexico, Paraguay, and Uruguay. This transition complements and strengthens Rhenus existing operations in Argentina, Brazil, Chile, Colombia, and Mexico, while further expanding its service portfolio in the region with a focus on Air & Ocean services and warehousing solutions. The unified brand identity of the two family-owned companies will offer customers greater consistency, connectivity and access to the Groups global standards, capabilities, and service portfolio.

The rebrand comes amid a period of significant growth across the region. In 2024, the combined operations of Rhenus Logistics LATAM and BLU Logistics LATAM handled over 210,000 TEUs in full container load (FCL) shipments, a 16.67% increase compared to the 180,000 TEUs managed by BLU Logistics LATAM alone in 2023. This growth was driven by the capacity, service solutions, and operational efficiencies enabled through the Rhenus global network. As a result of its strong positioning and ranking in ocean freight, particularly on the Far East Asia to LATAM trade lane, Rhenus Logistics is recognized as a leading freight forwarder in the region. To continue supporting customer and market demands, the company has expanded its regional footprint with new office openings. Most recently, in March, Rhenus Brazil inaugurated a new branch in Belo Horizonte, strengthening its presence in key logistics hubs throughout the country. LATAM’s growing relevance in global trade is evident through increasing cargo volumes from Asia, India, Europe, and the United States.

“For the Rhenus Group, this rebranding marks a new era in Latin America and reinforces our long-term commitment to the region,” said Tobias Bartz, CEO of the Rhenus Group. “It reflects both our local success and our global ambition. We’ve seen remarkable growth and continue to identify strong opportunities across the region. This rebranding connects the shared identity of two family-owned companies unifying as one. It strengthens our footprint in Latin America and offers our customers greater efficiency, visibility, and the opportunity to grow their business with us, now fully integrated into our global network, portfolio of services and capabilities.”

“Over 30 years as Blu Logistics we are entering a new chapter as part of Rhenus,” said David Kassin, CEO of Rhenus Air & Ocean LATAM. “Our Blu family has become much stronger now that we are fully integrated and rebranded under the Rhenus name, where we get to fully benefit the global infrastructure, technology, services of the Rhenus Group, while continuing to offer the same local knowledge and trusted relationships with our customers, partners and employees that have defined our continued success in the region.”

Rhenus Logistics will continue to provide a full suite of solutions in Latin America, including air and ocean freight, customs brokerage, warehousing, and project logistics. Blu Logistics offices will now operate under the Rhenus brand name and benefit from the Rhenus Group’s global infrastructure, systems, and technology, ensuring enhanced efficiency and service delivery. This rebranding reflects the company’s strategic focus on expanding its Air & Ocean division in high-growth markets such as Latin America and delivering fully integrated, end-to-end supply chain solutions worldwide.

24 April 2025 |

BV reinforces commitment to sustainable shipping

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Bureau Veritas Marine & Offshore (BV) is reinforcing its commitment to sustainable shipping by classing a series of methanol-ready oil and chemical tankers for Union Maritime, which are currently being equipped with wind propulsion systems, including Norsepower Rotor Sails™ (NPRS™).

The first two vessels in this series, Buran and Ostro, have been delivered in February and April 2025 respectively, following their construction at Fujian Southeast Shipbuilding. Union Maritime have two additional 18,500 dwt tankers currently under construction at Fujian Southeast Shipbuilding and two more at Wuhu Shipyard Co., Ltd, which will all be equipped with Norsepower Rotor Sails™, with deliveries scheduled throughout 2025.

These six vessels mark the first wave of a broader new build programme for Union Maritime under BV class. More than 25 additional tankers are scheduled for delivery between 2026 and 2028, including a significant series at Wuhu Shipyard, with further vessels being built at other major Chinese shipyards. These vessels will either be delivered with wind propulsion systems installed or prepared for future integration, using technologies from various suppliers such as Norsepower.

By incorporating wind propulsion systems and methanol-ready configurations, Union Maritime is aiming to improve energy efficiency and support long-term emissions reduction across its expanding fleet.

BV supports the integration of these systems by conducting evaluations on the vessels to assess compliance with the relevant rules and notations to help ensure they meet the latest standards for both wind propulsion and alternative fuels, like methanol. This includes its Rules for Wind Propulsion Systems (NR 206), the Wind Propulsion 1 and Wind Propulsion 2 notations for vessels equipped with wind propulsion systems, as well as the METHANOLFUEL-PREPARED notation. BV has provided comprehensive support throughout the project, including an efficient and thorough review of the upgraded design to meet class requirements and delivery schedules.

Bhuvnesh Dogra, Head of Technical at Union Maritime: “The deliveries of Buran and Ostro mark an exciting first step in our broader new build programme under Bureau Veritas class. These six vessels represent the beginning of an ambitious plan to modernize our fleet with advanced wind propulsion systems. Bureau Veritas’ expertise in classing these vessels helps ensure that we meet the highest safety and regulatory standards, while also positioning ourselves at the forefront of sustainable shipping. This collaboration with Bureau Veritas is critical as we continue to build a fleet that not only meets the evolving demands of the industry but also leads the way in emissions reduction and energy efficiency.”

Matthieu de Tugny, President of Bureau Veritas Marine & Offshore, said: “BV is delighted to support Union Maritime with the integration of sustainable shipping solutions into its fleet. Safety remains paramount in the adoption of new technologies, and our classification framework helps ensure that the innovations meet safety and regulatory standards. By classing these vessels, we support ship owners and operators in navigating the transition to more sustainable operations, while maintaining the safety and reliability of their fleets.”

Heikki Pöntynen, CEO, Norsepower, said: “We’re proud that six of Union Maritime’s new methanol-ready tankers are being equipped with Norsepower Rotor Sails™, marking a strong commitment to wind propulsion as a key decarbonization solution. This growing fleet demonstrates how wind-assist technologies can be scaled in parallel with alternative fuels to deliver immediate and long-term emissions reductions. Having the classification of Bureau Veritas — one of the most respected classification societies — is a clear validation of the quality, reliability, and safety of our technology. It’s an exciting milestone, and one that reinforces wind propulsion as a core component of sustainable shipping.”

24 April 2025 |

Total Movements completes high-stakes shipment to India

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Total Movements, member to the Worldwide Project Consortium (WWPC) in India, has successfully executed a complex port-to-port shipment of over 10,000 cbm of critical break bulk cargo for a major steel plant project in India.

Secured after intense competition and multiple rounds of bidding, this shipment required precise logistical coordination and strategic planning to overcome significant challenges.

Key highlights of the shipment: Large-scale single shipment exceeding 10,000 cbm; Strict deadline requiring meticulous scheduling; Oversized cargo dimensions, with diameters surpassing 7 meters; Congested port operations, adding to the complexity of execution.

Company spokesperson adds: “With detailed planning and close coordination, the shipment was delivered in a safe and timely manner. Kudos to all teams and partners involved for their excellent support and coordination!”

24 April 2025 |

Central Oceans expands operations in Houston

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Central Oceans are thrilled to bring their customer-first, boots-on-the-ground project management model to the nation’s largest breakbulk port, where they look forward to building their brand and enhancing their service offerings to clients in the region.

Additionally, Central Oceans are proud to announce that the Houston office has secured a new contract for the complete logistics of a turnkey project that will involve transporting goods from various locations in Europe and Asia into Ohio. This project will showcase their multimodal expertise and their unwavering commitment to delivering the highest level of logistics excellence.

With this expansion, Central Oceans looks forward to providing its customers with the same level of service and trusted professional advice they have come to expect.

Central Oceans – Your trusted partner in logistics and supply chain solutions.

24 April 2025 |

Huisman to deliver cranes for Capital Offshore

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Huisman has signed a contract with Greek shipowner Capital Offshore for the delivery of four state-of-the-art Knuckle Boom Cranes.

These cranes will be integrated into the new MMC-designed platform supply vessels (PSVs), currently under construction at the Fujian Mawei shipyard, and destined for operations in the Brazilian market.
Huisman to deliver Knuckle Boom Cranes for Capital Offshore’s new platform supply vessels
The cranes boast a lifting capacity of 100mt each, and are designed to operate at depths of up to 3,000 meters, ensuring optimal performance in demanding offshore environments.

Equipped with Huisman’s proprietary Active Heave Compensation (AHC) System, which connects the crane’s electric setup to the vessel’s DC grid, enabling efficient interaction with the vessel’s electrical energy storage system. This integration significantly reduces the net energy consumption of offshore lifting operations.

The cranes will be integrated with the Kongsberg-designed power grid onboard the vessels. This integration maximises the cranes’ power performance while significantly reducing net energy consumption, thanks to Huisman’s proprietary energy recovery management system.

David Roodenburg, CEO of Huisman: “We are pleased to announce our new cooperation with Capital Offshore through this initial order, which marks an important milestone for us. We are proud to have earned Capital Offshore’s confidence in our capabilities. Our cranes are engineered to deliver exceptional performance and reliability in the most demanding offshore environments, and we look forward to supporting Capital Offshore in their operations. We see this as the start of a strong and lasting partnership, built on a shared commitment to quality, innovation, and operational excellence.”

23 April 2025 |

Mammoet makes HVO commitment

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Mammoet today announced that it will be implementing HVO fuel across the Netherlands, UK and Canada from Q2 2025.

The move demonstrates that the company is leading the market in developing more sustainable ways of conducting heavy lifting and transport.

This investment in HVO has been driven by higher demand for lower carbon solutions from Mammoet’s customers, and sits within the organization’s wider carbon reduction program.
Hydrotreated Vegetable Oil (HVO) is a diesel replacement fuel made from vegetable oils and animal fats. It can reduce up to 90% of greenhouse gas (GHG or CO2) emissions over its lifecycle when compared to diesel.

By embracing HVO, a significant impact can be made on carbon reduction today. Meanwhile, solutions including grid power, battery operation and – in the case of large projects at remote locations – hydrogen are helping the organization to move closer to zero emissions on site.

Mammoet’s goal is to use HVO100 – which is made from 100% renewable raw materials – as much as possible. Mixable with existing fuel stocks, this alternative fuel is compatible with most diesel engines, and so can begin to be used immediately.

The adoption of HVO has been facilitated by significant change management programs within the affected local organizations; both in process and in infrastructure. For example, Mammoet’s own network of fueling stations that serve its fleet of trucks, mobile cranes and SPMTs.

HVO will be delivered to Mammoet fuel stations in the Netherlands, its UK bases in Hixon and Teesside, and branches in Canada. Besides reducing its own impact, this transition will enable Mammoet to create specific offerings for customers where a reduction in emissions is needed.

This innovation joins other recent investments by Mammoet in sustainable operations, including the electric powered SPMT, battery operation for even its largest ring cranes, and various investments in electric equipment.

Pascal Eeken, Improvement and Innovation Manager at Mammoet Europe, said: “This is a significant step we are taking to reduce our carbon footprint. By being the first large heavy lifting and transport company to commit to this new fuel at scale, we will drive down our emissions and showcase that we are also the market leader on this front.”

23 April 2025 |

“K” LINE to support earthquake victims in Myanmar

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Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has decided to provide a monetary donation of 2 million yen through the Japanese Red Cross Society toward relief efforts in the areas damaged by the earthquake that hit the central Myanmar on March 28, 2025.

“K” LINE would express its most sincere sympathy to all those affected by the earthquake and pray for the soonest recovery of the damaged area.

22 April 2025 |

Falcon delivers helicopter to Luxembourg

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Falcon International, a member of the Project Logistics Alliance representing Canada, has successfully managed the transport of a helicopter from Calgary, Canada, to Luxembourg, showcasing the company’s expertise in handling complex cargo moves.

During the Helicopter Convention in Dallas, Texas, a representative from Hong Kong-based Heli Cargo Services (HCS) approached Emad from Falcon’s project department. HCS needed a quick quote for transporting a helicopter from Calgary to Luxembourg. The request came in on a Wednesday, with the helicopter required to arrive in Luxembourg by the following Wednesday, meaning it needed to depart Calgary on Tuesday.

True to Falcon International’s reputation for efficiency, the team promptly submitted a detailed quote, and by Thursday, the go-ahead was confirmed. Falcon’s team then conducted an on-site inspection at the client’s hangar in Calgary. By Friday, the helicopter had been moved to Calgary International Airport, and it was successfully loaded onto the flight from Calgary International Airport to Luxembourg the following Tuesday, exactly as requested by HCS.

This swift and seamless execution highlights Falcon International’s ability to streamline operations and deliver top-tier logistics services under tight deadlines.

22 April 2025 |

MS Global transports columns to Panjang

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MS Global are proud to report on a successful shipment they recently completed involving columns, which were transported to Indonesia.

Received in Port Klang, Malaysia, this delivery by MS Global consisted of 12 packages, weighing a total 100,132 kg with a volume of 796 cbm.

The largest item of cargo measured 11.3 (W), 4.69 (H), 4.95 (L) meters and weighed 26,500 kg by itself!

This shipment was moved safely overseas to Panjang, Indonesia thanks to the diligence of MS Global’s team.

MS Global Freight Solution, located in Port Klang, Johor Bharu and Penang, Malaysia, can handle air & sea heavy lift project cargo from/to Malaysia including East Malaysia (Borneo Island).

“We provide feasibility study, road survey, method of statement, execution and supervision of packing, transportation, loading, lashing, unloading and placement at consignee’s site. We arrange for breakbulk vessels, open tops, flat racks and maintain close relationship with many ship owners.”

 
 

MS Global are proud to report on a successful shipment they recently completed involving columns, which were transported to Indonesia.

Received in Port Klang, Malaysia, this delivery by MS Global consisted of 12 packages, weighing a total 100,132 kg with a volume of 796 cbm.

The largest item of cargo measured 11.3 (W), 4.69 (H), 4.95 (L) meters and weighed 26,500 kg by itself!

This shipment was moved safely overseas to Panjang, Indonesia thanks to the diligence of MS Global’s team.

MS Global Freight Solution, located in Port Klang, Johor Bharu and Penang, Malaysia, can handle air & sea heavy lift project cargo from/to Malaysia including East Malaysia (Borneo Island).

“We provide feasibility study, road survey, method of statement, execution and supervision of packing, transportation, loading, lashing, unloading and placement at consignee’s site. We arrange for breakbulk vessels, open tops, flat racks and maintain close relationship with many ship owners.”

 
 

21 April 2025 |

ABL partners with Xerafy

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ABL has joined forces with Xerafy, a leader in RFID engineering, to accelerate digital transformation in asset-intensive industries using ABL’s asset-tracking software, AssetVoice.

The partnership delivers a seamless, end-to-end RFID asset tracking solution designed to meet the complex needs of sectors such as Oil & Gas, Renewables, Healthcare, and Manufacturing—helping organisations streamline operations, improve asset utilisation, and ensure regulatory compliance.

The partnership brings together Xerafy’s field-proven RFID tagging solutions and ABL’s award-winning AssetVoice asset tracking software. This integrated solution empowers businesses with real-time asset visibility and intelligent automation across critical workflows.

With support for RFID, IoT sensors, and cloud-based services, AssetVoice enables low-code, fully customisable workflows tailored to each organisation’s operational needs. Companies can configure the platform to track assets by location, condition, and usage—reducing manual workload, minimising asset loss, improving compliance, and cutting operational costs.

As part of the SAP and IBM ecosystems, AssetVoice has been deployed in 49 countries across hundreds of asset types, making it a versatile, all-in-one asset tracking platform trusted by global enterprises.

Xerafy and ABL bring together deep domain expertise in delivering scalable RFID asset tracking software across critical sectors: Energy: Boosting asset utilisation, customising workflows, eliminating bottlenecks, minimising downtime, improving digital traceability, and enhancing safety compliance.

Healthcare: Streamlining the tracking of medical equipment and devices to prevent loss, meet regulatory requirements, and enable data-driven resource allocation for direct patient care.

Manufacturing: Enabling end-to-end asset visibility across production lines to improve efficiency, reduce manual effort, and support lean operations.

“RFID has the power to transform asset tracking, yet many organisations still encounter friction and barriers to adoption,”

“Our partnership with ABL brings together deep domain expertise and a seamless end-to-end solution that simplifies digitisation. Together, we’re enabling businesses to gain real-time visibility, boost operational efficiency, and maximise asset utilisation.” said Michel Gillmann, Chief Marketing Officer at Xerafy.

“Asset-intensive industries need smarter ways to manage critical assets to prevent loss, unnecessary overstocking, and time wastage,”

“Our partnership with Xerafy facilitates a seamless integration between their RFID technology and our intelligent asset tracking platform for management of change.” said Peter Adam, Group Managing Director AIM at ABL Group.

21 April 2025 |
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