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A.P. Moller – Maersk completes acquisition of Pilot Freight Services

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A.P. Moller - Maersk completes acquisition of Pilot Freight Services. Image: Maersk
A.P. Moller - Maersk completes acquisition of Pilot Freight Services. Image: Maersk
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A.P. Moller-Maersk has announced the completion of its acquisition of Pilot Freight Services, a leading U.S.-based international and domestic supply chain provider with cross-border solutions into Canada and Mexico. Pilot Freight Services will be rebranded to Pilot – A Maersk Company.

The strategic and highly complementary acquisition will benefit customers by offering customized international, domestic and cross-border logistics to Maersk’s North America landside logistics capabilities for business-to-business and business-to-consumer distribution models. Equally important, new supply chain capabilities for the big and bulky sector with white glove home delivery service are added.

Maersk is constantly working with its global supply chain to accelerate solutions for customers that support their strategic business ambitions. With Pilot – A Maersk Company, Maersk extends its end-to-end offerings deeper into the North America supply chain of its customers, adding important supply chain infrastructure capacity and scale. The combined Pilot and Maersk scale will offer customers approximately 150 facilities in the U.S., including distribution centers, hubs and stations.

“Our customers are looking for us to accelerate their supply chain speed, remove handoffs and constantly improve their end-to-end, omni-channel business model to reach their financial growth goals. Pilot’s expertise and existing infrastructure enables us to achieve these goals by creating more agile, nimble supply chains to serve customers the way they want to be served.” said Narin Phol, Regional Managing Director of Maersk North America.

Pilot brings customized shipping and logistics expertise with a network of 190 global partners and a North American facilities-based network of 87 stations and hubs through which freight is transported and distributed to end customers. The company uses mainly third-party providers of trucking and has access to controlled capacity which includes full truckload (FTL) and less-than-truckload (LTL) for both B2C and B2B distribution including heavy and bulky shipments with white glove service for expedited and time definite services.

“Teaming up with an industry leader like Maersk is a natural fit and will enable our company to tap into significant, new future growth opportunities for our customers and employees. We like Maersk’s continuous improvement mindset and active investment pattern in expanding supply chain solutions so we’re excited to work together in our expanded role.” commented Zach Pollock, Pilot Freight Services CEO.

The transaction price of USD 1.68bn equals to an enterprise value of USD 1.8bn post IFRS-16 lease liabilities.

Maersk continues its ambitious plan integrating North American supply chain infrastructure and solutions for customers, adding new end-to-services and scale on an annual basis.

In 2022, Maersk invested in over 400 electric trucks to lead the sustainable transport sector in the U.S. with fleet orders from Volvo Trucks and Einride. Also ahead in 2022, Maersk North America customers will tap into more transatlantic air freight cargo capacity when the acquisition of Hamburg, Germany-based Senator International is completed in Q2 2022, pending all regulatory approvals. In 2021, Maersk E-Commerce Logistics acquired Salt Lake City, Utah-based Visible Supply Chain Management – a leading U.S.-based E-commerce fulfillment provider to strengthen the company’s business model – with emphasis on B2C and B2B e-fulfillment. In 2020, El Segundo, California-based Performance Team – A Maersk Company was acquired, operating over 60 distribution and fulfillment center locations and Transportation services. In 2019, Maersk Customs Services USA, Inc. acquired Vandegrift Inc., adding important U.S. Customs Brokerage services, expertise and scale to customers looking to optimize their Customs compliance and reduce financial risks.

Pilot Network locations

A.P. Moller - Maersk completes acquisition of Pilot Freight Services. Image: Maersk

A.P. Moller – Maersk completes acquisition of Pilot Freight Services. Image: Maersk

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Container Shipping Lines

Wan Hai Lines establishes its new office in India

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Wan Hai Lines establishes its new office in India. Image: Unsplash
Wan Hai Lines establishes its new office in India. Image: Unsplash
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Aiming to further enhance service quality and gain a stronger foothold in the Indian sub-continent, Wan Hai Lines has established its India new office in Kolkata in July 2023. Contact details for the new office are as follows: WAN HAI LINES (INDIA) PVT. LTD 3rd Floor, Block C, Apeejay House, 15 Park Street, Kolkata, West Bengal, 700016 TEL: 91-33-4450 4500 According to the 2023 Foreign Trade Policy announced by the Indian Ministry of Commerce and Industry, India’s export trade volume will reach 2 trillion US dollars in 2030.

Therefore, benefiting from government policy incentives and the shifting trend of the global supply chain, India’s status in global manufacturing and international trade is increasing, which is conducive to maintaining long-term high economic growth. And the proportion of global exports has increased significantly. In addition, the continuous economic stimulus policy will help revitalize the domestic economy, and domestic demand is expected to increase significantly. Therefore, Wan Hai is optimistic about India’s future import and export situation. And also through the establishment of a new office to improve the overall operating efficiency.

Wan Hai India Kolkata office held a grand opening reception in the evening of 27th July. During the banquet, there were many important customers & guests. The Kolkata Port Authority, Kolkata terminal operators, feeder operators and important local customers were invited to send representatives to attend the meeting to express their blessings to Wan Hai’s opening of the Kolkata market. At present, Wan Hai has six owned offices in India, namely Mumbai, Chennai, Mundra, and Vizag, Delhi and the sixth office Kolkata office. In addition to directly providing river port services, it will also simultaneously strengthen service links between India and neighboring countries, such as Nepal and Bhutan. It is expected to pursue customer first through continuous expansion in the future and sustainable business philosophy.

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World’s Largest Container Ship, MSC MICHEL CAPPELLINI

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World's Largest Container Ship, MSC MICHEL CAPPELLINI. Image: MSC
World's Largest Container Ship, MSC MICHEL CAPPELLINI. Image: MSC
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More than 800 guests gathered in a custom-made tent at the MSC Gate Terminal in Bremerhaven to witness the naming ceremony of the latest edition to Mediterranean Shipping Company’s fleet, MSC MICHEL CAPPELLINI, with the ship as the backdrop. Prior to the naming ceremony, MSC signed a Memorandum of Understanding with the Free and Hanseatic Cities of Bremen and Hamburg and their ports, agreeing on the use of shore power for MSC’s vessels in both ports.

MSC MICHEL CAPPELLINI is one of the world’s largest and most fuel-efficient container ships by design. At 400 metres in length and with a 61.5 metre beam, it has a capacity of up to 24,346 TEUs. Despite her magnificent size, her design and technical specifications enable the shipment of more cargo at the lowest carbon footprint per container carried.

The vessel employs a small bulbous bow, large diameter propellers and energy-saving ducts, which will help to further reduce fuel consumption and associated greenhouse gas emissions.

MSC MICHEL CAPPELLINI and her sister ships are also built with an air lubrication system to reduce drag on the hull, as well as shaft generators to yield additional power.

In his welcome speech, MSC CEO Soren Toft highlighted the importance of Bremerhaven to MSC as a European cargo hub: “The ports in Bremen are such an important cargo hub for us in Germany and in Northwest Europe. It is truly a strategic location for MSC, and home to over 370 of our colleagues. However, our connection with Germany goes deeper than trade. This is the third naming ceremony of an MSC vessel since 2015, and the second in Bremerhaven. It is therefore by no surprise that we continue to grow with our customers in Germany.”

Soren continued: “Efficiency and innovation are two drivers that led to the development of the MSC MICHEL CAPPELLINI. Through innovation we seek to shift the boundaries of what is possible and surpass our own industry-breaking milestones, a process of continuous evolution. Both, as a family company and as the leader of our industry, we are very mindful of MSC’s key role in decarbonizing the logistics value chain, and the benchmark we set for others in our industry.”

MSC Germany Managing Director Nils Kahn also highlighted the importance of the ports of Bremen as an MSC location: “We handle more than 1 Mio TEU per year here and run dedicated trains to and from many domestic locations. We are connecting the world from exactly this location with a weekly service to the Eastern Mediterranean, two weekly services to the Far East, three weekly services to South America and Mexico and an impressive five weekly services to North America.”

The ship’s blessing was conducted by Provost Dr. Bernhard Stecker, who has led the Catholic Community Association Bremen since 2019 and is the head of the Catholic Office in Bremen, the liaison office of the Catholic Church to the Bremen Senate and the Bremen Parliament in the state. After the blessing, Godmother Cindy-Jo Cappellini performed the christening of the ship by cutting the ribbon and smashing a bottle of champagne against the hull.

Yellow confetti streamed down, the ship’s horns sounded and MSC MICHEL CAPPELLINI can now travel the world’s oceans.

Memorandum of Understanding on Shore Power Infrastructure

Shortly before the naming ceremony started, Kai Stuehrenberg, State Secretary for Economic Affairs of the Free Hanseatic City of Bremen, Andreas Dressel, Senator for Finance of the Free and Hanseatic City of Hamburg and MSC CEO Soren Toft met for the signing of a Memorandum of Understanding (MoU) agreeing on the use of shore power for MSC container vessels in both ports.

Soren Toft said: “I am particularly proud that we signed a Memorandum of Understanding between MSC, the Free and Hanseatic Cities of Bremen and Hamburg, and their port administrations, to partner and collaborate on the implementation of shore power taking us one step closer to ensuring a decarbonized supply chain for global trade.”

MSC Germany Managing Director Nils Kahn also called on German authorities in Berlin to ensure closer collaboration between German ports on the topic of infrastructure development, citing the MoU signed between MSC and the port authorities as an example of what private-public partnership means for MSC.

Additional speeches were given by Kai Stuehrenberg, State Secretary for Economic Affairs of the Free Hanseatic City of Bremen, Andreas Dressel, Senator for Finance of the Free and Hanseatic City of Hamburg.

The Naming Ceremony

The ceremony was a celebration, highlighting MSC’s commitment to sustainability, sports and the arts. It was moderated by German TV presenter, Jule Gölsdorf. She introduced Boris Herrmann, Germany’s leading yachtsman, world record holder and skipper of sailing team Team Malizia. Boris Herrmann shared his experience from the recent Ocean Race. MSC is a sponsor of Team Malizia and one of the six Official Founding Partners. In front of the 800-guest crowd Boris expressed his gratitude for MSC’s sponsorship and dedication to net zero commitments.

Guests included representatives of local authorities and businesses, customers and journalists. They enjoyed a spectacular performance by Andrea Casta, the famous Italian crossover electric violinist, and Sarah Voss, Germany’s artistic gymnast, all-around national champion and bronze medal winner in the team competition at the 2022 European Championships. The live music and the acrobatic gymnastic performance expressed the very concept of balance between progress and sustainability, humans and nature, present and past.

MSC CEO Soren Toft concluded: “Global trade is crucial for maintaining peace, economic development and growth, and we are serving as a neutral force in the face of the political and diplomatic adversity we see today. Our new 24,000 TEUs-class ships, some of the world’s largest currently on the water, are essential for facilitating and enabling effective global trade. Ultimately connecting cultures, people and continents.“

 

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ONE announces FLX, a new service for South American reefer shipments

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ONE announces FLX, a new service for South American reefer shipments. Image: ONE
ONE announces FLX, a new service for South American reefer shipments. Image: ONE
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Ocean Network Express Pte. Ltd. announces FLX, a new service connecting the West Coast of South America to the East Coast of North America. The service is set to launch in September 2023. With an emphasis on innovative and efficient transportation solutions, FLX caters to customers looking for reliable South American reefer container shipments.

Flavorful South American Delights Reach New Shores

Many Latin American fruits, vegetables and seafood, such as mangoes, asparagus, shrimp, have been gaining popularity worldwide. As a result, Latin American reefer container transportation has seen a remarkable growth, nearly doubling over the past few years.

Strengthening Our Commitment to South America and Reefer Services

With our reefer services, we have established ourselves as a significant player on the Latin America-Asia route, for which we have earned praise from our customers over the years. To further improve the quality of our transportation services, we are redoubling our efforts by investing in state-of-the-art equipment, including Control Atmosphere (CA) containers and telematics devices.

Unveiling FLX: Expanding New Horizons for Shipments

FLX provides exclusive service, connecting the South America West Coast to the North America East Coast (Florida) with our own dedicated fleet of vessels. The service aims to offer fresh options to our valued customers, including those previously engaged in Asia-bound shipments, while expanding shipping possibilities and streamlining supply chain processes. FLX will launch in September 2023 in preparation for the harvest and shipping season.

Service Details

The FLX service will deploy four vessels in order to ensure schedule stability. This service will connect Callao and Paita (Peru), and Guayaquil (Ecuador) to South Florida with one of the fastest transit times on the market. With excellent options for the transportation of refrigerated cargo, the direct routes include Callao-South Florida in 11 days, Paita-South Florida in 9 days, and Guayaquil-South Florida in 8 days.

Furthermore, FLX provides a direct connection from South Florida to Honduras, in addition to destinations in Colombia, Ecuador and Peru. With hub ports like Cartagena (Colombia) and Callao (Peru), ONE services can be seamlessly connected with other services to/from the United States, East Coast South America, Europe, Caribbean and Asia.

Chilean exporters can also conveniently connect their cargoes via Callao, adding to the route’s accessibility. In summary, the FLX route offers multiple connection options:
Callao – Paita – Guayaquil – Cartagena – South Florida – Puerto Cortés – Cartagena – Callao.

Yu Kurimoto, Managing Director of ONE said, “We aim to share South America’s distinctive flavors with people across the globe. With our FLX and LUX services, we are excited to open new doors for businesses and individuals, enabling them to enjoy the authentic tastes of this vibrant region.”

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