Page 23 - Ocean Network News Today

Investment to fund expansion and new product development CORAL GABLES, Fla., June 15, 2022 /PRNewswire/ -- Logistics payments and data infrastructure platform PayCargo has announced a new investment of up to $130M from funds managed by Blackstone Growth (BXG). BXG's investment will support the company's continued expansion both domestically and internationally, development of new products, as well as potential growth opportunities through M&A. "PayCargo is a category leader, ope...

Investment to fund expansion and new product development CORAL GABLES, Fla., June 15, 2022 /PRNewswire/ -- Logistics payments and data infrastructure platform PayCargo has announced a new investment of up to $130M from funds managed by Blackstone Growth (BXG). BXG's investment will support the company's continued expansion both domestically and internationally, development of new products, as well as potential growth opportunities through M&A. "PayCargo is a category leader, ope...

Cop-outs.

Automation is shaping up to be a key flashpoint in high-stakes contract negotiations under way between unionized dockworkers and the shipping lines and cargo handlers at U.S. West Coast seaports. The ocean carriers and terminal operators that control some of the country’s busiest gateways for seaborne container trade are pushing for greater use of robotic ...

The pathway to decarbonize shipping is fraught with various hurdles but some strides are being made, with the need to build a circular carbon economy, achieve heightened collaboration, and develop scalable zero-carbon fuels while also enhancing energy efficiency of ships being increasingly recognized as vital steps to achieve that goal, industry experts said at an ...

A Singapore company has sued Omaha-based Union Pacific over packages it says were lost or stolen last year, when train traffic slogged amid supply-chain slowdowns caused by the pandemic.

DBS has completed its first live transaction on the Singapore Trade Data Exchange (SGTraDex), a digital data exchange.

Japanese shipping line Ocean Network Express (ONE) has placed an order for ten large containerships with delivery in 2025. Shipbuilding contracts for the vessels have been signed with South Korea’s...

The Ship It Zero coalition sent an open letter to shipping companies, including CMA CGM Group, A.P. Moller-Maersk, MSC Mediterranean Shipping Company, Evergreen Marine, and Ocean Network Express. Executive Director Alex Levinson of Pacific Environment and Executive Director Todd Paglia of Stand.earth sent a letter to shipping companies urging the company to order book and ...

America’s seaports are stretched to their limit just as retailers and manufacturers are set to begin their seasonal rush of importing ahead of the fall and end-of-year holidays. With shippers seeking to avoid the risk of delays, this year’s peak shipping season is expected to start weeks earlier than usual, at the end of June, ...