By Todd Maiden Prologis Ventures has committed to co-anchor the launch of TMV Logistics, a new $200 million venture fund dedicated to maritime and logistics innovation and safety. With over $235 billion in assets under management, Prologis (NYSE: PLD) holds a critical position in global trade. Anchoring the TMV Logistics fund will allow the company… Read More
By Stuart Chirls It’s CMA CGM’s turn in the barrel. The world’s third-largest container carrier saw core earnings (EBITDA) plunge to $1.5 billion in the first quarter, down 41.3% from $2.53 billion a year ago, as modest volume growth failed to offset a weak rate environment. Marseilles-based CMA CGM said volumes improved 1.5% y/y to 5.9… Read More
Crowley mariners who served aboard the U.S.-flagged tanker Stena Immaculate were honored with the U.S. Maritime Administration’s (MARAD) Gallant Ship Award during the U.S. Department of Transportation’s National Maritime Day observance in Washington, D.C. The award, one of the maritime industry’s highest distinctions, recognizes the 23-member crew’s extraordinary professionalism, courage and commitment to safety. The award recognizes the crew’s actions during… Read More
Technology group Wärtsilä will invest approximately EUR 90 million to further expand its technical production capacity by 30% at its Sustainable Technology Hub (STH) in Vaasa, Finland and across its associated global supply chain. This expansion follows the 35% increase in technical production capacity, announced in February 2026, bringing the total planned increase to 65%… Read More
Dr. Maximilian Rothkopf, Chief Operating Officer (COO) of Hapag-Lloyd AG, will step down from the company’s Executive Board by mutually amicable agreement on June 30, 2026. He will remain with the company in an advisory capacity for a transitional period to ensure a successful and seamless transition. Dr. Rothkopf was appointed to the Group Executive… Read More