Skip to content
Search AI Powered

Latest Stories

Crowley Maritime joins effort to reveal ship recycling policies

Florida firm is first U.S. company to join Ship Recycling Transparency Initiative.

crowley-Image-6-10-21-at-1.35-PM.jpg

Container shipping firm Crowley Maritime Corp. is boosting its sustainable logistics practices by joining an international effort to publicly disclose the industry’s ship recycling policies, the company said Monday.

Jacksonville, Fla.-based Crowley will become the first U.S.-owned and 13th overall ship owner-operator to adopt the processes set by the Ship Recycling Transparency Initiative (SRTI). Under that framework, members disclose data on five topics: ship recycling policies and standards; selling owned vessels for further trading; ship recycling contracts; ship recycling documentation; and policy and standard implementation.


In Crowley’s case, the firm operates more than 160 commercial and public-sector vessels globally, including container ships, tank vessels, tugboats, and barges. According to the company, this move marks a step toward its ambition of becoming the most sustainable and innovative maritime and logistics solutions provider in the Americas by 2025.

“Ship recycling is a material issue for all shipowners – whether they own a vessel at the beginning or end of life, and regardless of geography, size, or type of vessel,” Andrew Stephens, executive director of the SRTI, said in a release. “Ensuring responsible, transparent recycling is a shared responsibility for the industry, and we are glad to welcome Crowley Maritime Corporation, which brings a unique perspective as a shipowner with a largely U.S.-Jones Act compliant fleet.”

Tracking the complete lifecycle of a ship has taken on growing significance in recent years as container lines continue to replace their older vessels with ever larger boats, such as Evergreen Marine’s 20,000 twenty foot equivalent unit (TEU) “Ever Given” ship that was infamously stuck in the Suez Canal in March and CMA CGM’s “Marco Polo” container ship, which weighed in at 16,022 TEUs when it became the largest ever to call on the U.S. East Coast in May.

As each new generation of jumbo boats replaces the last, those smaller ships are sent to the junk heap, also known as “ship breaking yards” where they are cut into smaller pieces to recycle their metal hulls under working conditions that are often criticized by labor groups. In contrast, the SRTI says its approach offers a voluntary, market-driven way to support responsible ship recycling practices through transparency; and subsequently to inform decision-making and create fair competition across the shipping industry.

Recent

More Stories

AI image of a dinosaur in teacup

Amazon to release new generation of AI models in 2025

Logistics and e-commerce giant Amazon says it will release a new collection of AI tools in 2025 that could “simplify the lives of shoppers, sellers, advertisers, enterprises, and everyone in between.”

The launch is based on “Amazon Nova,” the company’s new generation of foundation models, the company said in a blog post. Data scientists use foundation models (FMs) to develop machine learning (ML) platforms more quickly than starting from scratch, allowing them to create artificial intelligence applications capable of performing a wide variety of general tasks, since they were trained on a broad spectrum of generalized data, Amazon says.

Keep ReadingShow less

Featured

Logistics economy continues on solid footing
Logistics Managers' Index

Logistics economy continues on solid footing

Economic activity in the logistics industry expanded in November, continuing a steady growth pattern that began earlier this year and signaling a return to seasonality after several years of fluctuating conditions, according to the latest Logistics Managers’ Index report (LMI), released today.

The November LMI registered 58.4, down slightly from October’s reading of 58.9, which was the highest level in two years. The LMI is a monthly gauge of business conditions across warehousing and logistics markets; a reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
chart of top business concerns from descartes

Descartes: businesses say top concern is tariff hikes

Business leaders at companies of every size say that rising tariffs and trade barriers are the most significant global trade challenge facing logistics and supply chain leaders today, according to a survey from supply chain software provider Descartes.

Specifically, 48% of respondents identified rising tariffs and trade barriers as their top concern, followed by supply chain disruptions at 45% and geopolitical instability at 41%. Moreover, tariffs and trade barriers ranked as the priority issue regardless of company size, as respondents at companies with less than 250 employees, 251-500, 501-1,000, 1,001-50,000 and 50,000+ employees all cited it as the most significant issue they are currently facing.

Keep ReadingShow less
diagram of blue yonder software platforms

Blue Yonder users see supply chains rocked by hack

Grocers and retailers are struggling to get their systems back online just before the winter holiday peak, following a software hack that hit the supply chain software provider Blue Yonder this week.

The ransomware attack is snarling inventory distribution patterns because of its impact on systems such as the employee scheduling system for coffee stalwart Starbucks, according to a published report. Scottsdale, Arizona-based Blue Yonder provides a wide range of supply chain software, including warehouse management system (WMS), transportation management system (TMS), order management and commerce, network and control tower, returns management, and others.

Keep ReadingShow less
drawing of person using AI

Amazon invests another $4 billion in AI-maker Anthropic

Amazon has deepened its collaboration with the artificial intelligence (AI) developer Anthropic, investing another $4 billion in the San Francisco-based firm and agreeing to establish Amazon Web Services (AWS) as its primary training partner and to collaborate on developing its specialized machine learning (ML) chip called AWS Trainium.

The new funding brings Amazon's total investment in Anthropic to $8 billion, while maintaining the e-commerce giant’s position as a minority investor, according to Anthropic. The partnership was launched in 2023, when Amazon invested its first $4 billion round in the firm.

Keep ReadingShow less