A new partnership is set to transform South Korea’s offshore wind sector, focusing on providing innovative heavy lifting and transport solutions. This collaboration will establish Offshore Service Port (OSP) facilities at the ports of Busan and Masan, catering primarily to offshore wind projects while supporting the broader Asia-Pacific region. The partnership aims to deliver a…
A recent study has highlighted the significant advantages of utilizing compressed hydrogen for regional marine transport, showcasing its impressive energy efficiency and cost-effectiveness within the supply chain. The research, which focused on a 540 MW capacity export site producing 10 tonnes of hydrogen per hour, demonstrated that the energy required for storage and loading compression…
The shipping industry is making notable strides toward greater supply chain transparency and ethical practices, driven by evolving regulations and a growing emphasis on environmental, social, and governance (ESG) standards. This shift is transforming how maritime organizations approach labor practices, human rights, and environmental stewardship. As global regulations tighten and ESG reporting becomes more prevalent,…
The shift towards digital supply chains is making a substantial impact on sustainability in the least developed countries (LDCs). The integration of advanced technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) is enhancing supply chain efficiency and reducing environmental footprints. Recent initiatives in various LDCs highlight the transformative power of…
In a strategic advancement within the battery sector, a prominent automotive firm has announced the formation of an independent Electric Vehicle Systems division. This new entity will operate independently while remaining under the ownership of its parent company, signaling a new phase of growth and opportunity. The newly established division has appointed a dynamic leadership…
In a competitive e-commerce landscape, major players are significantly boosting their logistics capabilities and infrastructure in Brazil. A prominent Singaporean e-commerce company has announced the opening of six new logistics hubs in Minas Gerais and Bahia states, expanding its network to over 100 units nationwide. These new facilities are designed to enhance last-mile delivery efficiency,…
A leading investment firm has recently secured an 80% stake in a significant European warehouse portfolio, valued at approximately $1.2 billion. This strategic move underscores the ongoing demand for logistics spaces fueled by the e-commerce sector’s rapid expansion. The portfolio, which spans seven countries including Germany, France, and the Netherlands, was previously managed by a…
China’s import logistics sector has shown impressive growth in the first seven months of 2024, reflecting the country’s dedication to enhancing its logistics capabilities and contributing positively to global trade. Recent data highlights a 6.7% surge in the value of import logistics for July, signaling a strong rebound from the slight dip in June. From…
The global logistics market is poised for remarkable growth, with projections indicating it will expand from USD 277.11 billion in 2023 to an impressive USD 450.83 billion by 2030. This anticipated growth, reflecting a robust compound annual growth rate (CAGR) of 7.2%, underscores the dynamic nature of the logistics sector and its increasing importance in…
A major logistics provider has introduced a groundbreaking express cross-border courier service, offering next-day delivery for international parcels within China. The service features an optimized route that streamlines transportation from Hong Kong to Zhuhai and then to Hangzhou, significantly reducing delivery times. Parcels are initially stored in a warehouse near Hong Kong International Airport, then…