Maritime

J.B. Hunt Signs Long-Term Intermodal Agreement With Walmart

Retrieved on: 
Thursday, February 22, 2024

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart, in an arrangement that includes J.B. Hunt’s purchase of Walmart’s intermodal assets.

Key Points: 
  • J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart, in an arrangement that includes J.B. Hunt’s purchase of Walmart’s intermodal assets.
  • In connection with the service agreement and increased commitments, J.B. Hunt will acquire Walmart’s operational intermodal container and chassis fleets.
  • Hunt always said ‘Good partners attract good partners,’" said Spencer Frazier, executive vice president of sales and marketing at J.B. Hunt.
  • In 2023, J.B. Hunt and its long-time joint service provider BNSF Railway launched Quantum, a breakthrough intermodal service to convert service-sensitive highway freight to intermodal.

MRS Orders 30 Wabtec Evolution Series Locomotives

Retrieved on: 
Wednesday, February 21, 2024

MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives.

Key Points: 
  • MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives.
  • According to Guilherme Segalla de Mello, president of MRS Logística, the fleet renewal is crucial for the company to improve efficiency and safety.
  • “By using a modern fleet of locomotives, we promote better energy efficiency in rail transport and contribute to improving our country’s logistics.
  • “This long-term contract highlights our vision of a greener railway network for Brazil.”
    Launched in 2022, the ES44ACi model locomotives are equipped with Evolution Series diesel engines, which produce 4,500 horsepower with just 12 cylinders.

Eutelsat Group’s ADVANCE Maritime Offer Supporting Universal Satcom to Consolidate and Extend Its Service Offering

Retrieved on: 
Wednesday, February 21, 2024

Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) (Paris:ETL) (LSE:ETL), has extended its partnership with Universal Satcom, the Dubai-based satellite communication system integrator.

Key Points: 
  • Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) (Paris:ETL) (LSE:ETL), has extended its partnership with Universal Satcom, the Dubai-based satellite communication system integrator.
  • Eutelsat and Universal Satcom have been collaborating for some time, and this recent multi-year deal will enable Universal Satcom to leverage Eutelsat’s Geostationary ADVANCE maritime packaged solutions in Ku-band to extend its coverage in MENA and globally.
  • Reema El Omari, Chief Executive Officer of Universal Satcom, commented: “Universal Satcom is well established in the MENA region where we offer support to ships that provide services to large barges or oil rigs.
  • ADVANCE Maritime is specially designed to meet the connectivity needs of mobile users in the most remote areas of the world.

 PHINIA Reports Solid Q4 and Full Year 2023 Results, Introduces 2024 Outlook

Retrieved on: 
Wednesday, February 21, 2024

Q4 2023 segment adjusted operating margins were healthy at 12.6%, 90 bps ahead of the average segment adjusted operating margin for the first 9 months of the year.

Key Points: 
  • Q4 2023 segment adjusted operating margins were healthy at 12.6%, 90 bps ahead of the average segment adjusted operating margin for the first 9 months of the year.
  • I’m pleased with our teams’ focus on serving our customers while closing out 2023 with solid cost and margin performance.
  • The Company will host a conference call to review fourth quarter 2023 results and full year 2024 outlook and take questions from the investment community at 8:30 a.m.
  • This call will be webcast at PHINIA Q4 2023 Earnings Call.

Poland Construction Market Forecast Report: Average Annual Growth Rate of 3.4% is Predicted During 2025-2027, Under the Kolej Plus Program, the Government Plans to Spend PLN6.6 billion by 2028 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 21, 2024

The construction industry in Poland was forecast to grow by 1.3% in real terms in 2023, owing to government efforts to increase investment in transport and energy infrastructure projects.

Key Points: 
  • The construction industry in Poland was forecast to grow by 1.3% in real terms in 2023, owing to government efforts to increase investment in transport and energy infrastructure projects.
  • In June 2023, the country received PLN4.4 billion ($906.8 million) in funding from the European Union's Connecting Europe Facility (CEF) to implement transport infrastructure projects.
  • Under the Kolej Plus program, the government plans to spend PLN6.6 billion ($1.7 billion) by 2028 to develop railway infrastructure in cities that currently do not have access to railway transport.
  • It provides -
    Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Poland, featuring details of key growth drivers.

Spire Global Awarded €8.4M by the European Maritime Safety Agency for Provision of SAT-AIS Data Services

Retrieved on: 
Wednesday, February 21, 2024

Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics and space services, has been awarded two framework contracts by the European Maritime Safety Agency (EMSA) with a maximum overall budget of €8.4 million.

Key Points: 
  • Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics and space services, has been awarded two framework contracts by the European Maritime Safety Agency (EMSA) with a maximum overall budget of €8.4 million.
  • Under the contracts, Spire will provide space-based automatic identification system (SAT-AIS) data services for ship tracking over a four-year period, including real-time, standard and high-density backup SAT-AIS.
  • Spire’s data will play a key role in enhancing global vessel tracking and maritime domain awareness, supporting EMSA’s mission.
  • “Ensuring accurate vessel monitoring is vital for maritime safety, security, and global environmental protection,” said John Lusk, general manager of maritime, Spire.

M2X Energy & Element 1 Corp Partner to Demonstrate New Pathway to Hydrogen From Stranded Gas, Through Methanol Carrier

Retrieved on: 
Tuesday, February 20, 2024

Element 1 is demonstrating the viability of low-carbon methanol produced by M2X’s gas-to-methanol unit as a feedstock for its hydrogen generation unit, and subsequent conversion to electricity.

Key Points: 
  • Element 1 is demonstrating the viability of low-carbon methanol produced by M2X’s gas-to-methanol unit as a feedstock for its hydrogen generation unit, and subsequent conversion to electricity.
  • Early testing of methanol produced by M2X Energy shows promising results for unlocking hydrogen as a cost-competitive and low-carbon chemical sourced from stranded gases.
  • Serving as a supplier of low-carbon methanol for Element 1’s process equipment demonstrates our product market fit and the value of M2X low-carbon methanol as an attractive, low-cost hydrogen carrier, especially during the energy transition,” commented Paul Yelvington, Chief Science Officer at M2X.
  • It lays the groundwork for future commercial partnerships for the supply of M2X Energy’s low-carbon methanol in deployed hydrogen generation equipment using the Element 1 technology.

Brenock Technology and Shoretime Announce Integration and Deal with Norwegian Cruise Line Holdings to Enhance Excursion Management

Retrieved on: 
Tuesday, February 20, 2024

Brenock Technology, LLC (Brenock), a leading provider of software applications and consulting services for marine, cruise and hospitality sectors, in collaboration with Shoretime LLC , a Software as a Service (SaaS) provider of Shoretime, an end-to-end shore excursion management solution for the cruise industry, today announced their official partnership and first contract with Norwegian Cruise Line Holdings (NCLH) .

Key Points: 
  • Brenock Technology, LLC (Brenock), a leading provider of software applications and consulting services for marine, cruise and hospitality sectors, in collaboration with Shoretime LLC , a Software as a Service (SaaS) provider of Shoretime, an end-to-end shore excursion management solution for the cruise industry, today announced their official partnership and first contract with Norwegian Cruise Line Holdings (NCLH) .
  • The platform will enhance excursion development and management for NCLH and its global tour operators.
  • "We are proud to launch Shoretime, a ground-breaking excursion management tool that reflects our dedication to leading through innovation and superior quality.
  • This platform transforms the tour management process, optimizing interactions with tour operators, content management, and revenue efficiency, all through state-of-the-art technology with a user-first approach.

Carlos Merino Appointed CEO of DP World in Peru

Retrieved on: 
Tuesday, February 20, 2024

DP World , a global leader in logistics and trade solutions, announces that it has appointed Carlos Merino as CEO of DP World in Peru.

Key Points: 
  • DP World , a global leader in logistics and trade solutions, announces that it has appointed Carlos Merino as CEO of DP World in Peru.
  • The appointment expands Merino’s current role as CEO of DP World Ecuador, as he will now lead DP World’s operations in both countries.
  • Morten Johansen, Chief Operating Officer of DP World Americas, “Carlos Merino's elevation to CEO for DP World in Peru reflects his strong performance as CEO of DP World Ecuador and extensive experience in supply chain solutions throughout his career in Peru and beyond.
  • Carlos Merino, CEO of DP World in Ecuador and Peru, said, “I am deeply honored to take on the role of CEO for DP World in Peru.

Fueltrax Wins Major Series of Contracts with Southeast Asian Vessel Operators

Retrieved on: 
Tuesday, February 20, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240220658768/en/
    The Tegas Madani, a Malaysian offshore tug/supply ship, relies on the Fueltrax Electronic Fuel Management System to ensure accurate fuel usage transparency and emissions tracking.
  • It measures direct fuel consumption and transfers on board, enabling vessel operators to reduce operational and fuel costs.
  • “Our system’s hardware reliability, durability, and accuracy were the keys to these vessel operators’ choice,” Azani added.
  • Fakhrurrazi Mat Hassan, COO of vessel operator Tegas Navigation, noted how impressed he was with Fueltrax as a leading provider of vessel fuel monitoring systems.