Your midweek round-up of news from the world of heavy lift and project forwarding.
Amber Road has recently said that low oil prices, new markets, extraction breakthroughs and shifting geopolitical relationships have resulted in market volatility within the oil and gas sector, affecting financial returns.
The leading provider of on-demand global trade management software and solutions adds that this is forcing the energy sector to rein in costs. And one area in which this is happening is within the supply chain as energy companies seek to maximise their supply chain efficiencies as they face a wide range of logistics challenges in both the upstream and downstream sides of the business.
Amber Road says logistics service providers active in the sector can expect to see demands for greater supply chain visibility to give a clear view into the operations of the suppliers, projects, customers, and business processes, ensuring complete tracking and monitoring of the movement of goods. There will also be an ongoing demand for evidence of improved compliance processes and enhanced supplier collaboration, such as the development of interactive supplier portals.
Amber Road concludes that applying these three techniques can lower costs and flatten the variables in a supply chain.
Pan Ocean intends to raise USD785 million through a new share sale, while reducing payments to its creditors, as part of a major restructuring programme.
Group Desarrollo Infaestructura (GDI) has awarded a contract to Erickson for a new rural infrastructure pipeline project that will bring clean-burning natural gas to Mexico.
Mitsui O.S.K. Lines (MOL) subsidiary, Mitsui O.S.K. Kinkai (MOK), has placed an order for three 17,500 dwt multipurpose vessels from Honda Heavy Industries.
Nordic and US-based SSAB is launching Strenx, a new high-strength structural steel product brand.
Three sailings by Fednav from the German port of Brake to the North American Great Lakes opened the season for the shipping company's FALLine (Federal Atlantic Lakes Line) service.
On the move
Tuscor Lloyds has moved into new headquarters in Manchester, UK.
C.H. Robinson has opened new global forwarding offices in Antwerp and Ho Chi Minh City.
Able UK has appointed Neil Jarvis as a special projects manager to work on the company's developments in both the North East and the Humber.
India's MFC Transport has transported a 437-tonne unit from Godrej Industries' plant in Vikhroli to Mumbai port.