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- Company Enjoying Solid Reputation in Chinese Logistics Market - TOKYO, Dec. 9, 2024 /PRNewswire/ -- Nippon Express (China) Co., Ltd. (hereafter "NX China"), a group company of NIPPON EXPRESS HOLDINGS, INC., was ranked 20th overall and 1st among Japanese companies in the 2023 fiscal year rankings of forwarders in China announced at the "2024 China International Freight Forwarder Logistics Industry High Quality Development Forum and China International Freight Forwarder Logistics Industry Development Blue Book Press Conference" held in Beijing on Monday, November 25, 2024. Logo: https://kyodonewsprwire.jp/img/202412041109-O2-lNrN1i8t Award ceremony: https://cdn.kyodonewsprwire.jp/prwfile/release/M103866/202412041109/_prw_PI1fl_2K8s4WI8.jpg This forum was organized by the China International Forwarders Association (CIFA), an international forwarding business group with about 600 member companies in Mainland China, Hong Kong SAR, and elsewhere, and was held as a related support activity for the 2nd "China International Supply Chain Expo" (November 26-28), in which NX China also participated. The event was attended by relevant ministries/agencies and research institutions as well as international freight forwarding, logistics, port service and marine transport companies. It featured lectures and discussions on developments and trends in China's international freight forwarding/logistics industry. The top 100 ranked international forwarders for fiscal 2023* were announced at the event. NX China placed 20th overall (13th for air freight, 20th for ocean freight, 18th for trucking, and 2nd for warehousing), making it the top Japanese company on the list. The NX Group will be helping develop its customers' business activities by further enhancing its logistics functions in China in addition to providing international transport utilizing its global network to realize its long-term vision of becoming a logistics company with a strong presence in the global market. *This ranking of international forwarder companies in China, including foreign-owned companies, is based on performance data compiled by China's Ministry of Commerce for fiscal 2023. About the NX Group:https://kyodonewsprwire.jp/attach/202412041109-O1-xoFoK3Y3.pdf NX Group official website: https://www.nipponexpress.com/ NX Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/
SANYA, China, Dec. 4, 2024 /PRNewswire/ -- On the 5th Symposium on Global Maritime Cooperation and Ocean Governance, which was held by Huayang Center for Maritime Cooperation and Ocean Governance, National Institute for South China Sea Studies, China Oceanic Development Foundation and Hainan Free Trade Port Research Institute, speakers expressed their views on maritime dispute settlement and maritime cooperation. Professor Philip Saunders from Dalhousie University of Canaca thinks that resource and territorial disputes are rarely resolved through arbitration. Even if arbitration proves somewhat effective in resolving such disputes, it cannot address all aspects of the conflict. Wu Shicun, Chairman of Huayang Center for Maritime Cooperation and Ocean Governance believes that the current tension in the South China Sea is primarily caused by multiple factors. Oh Ei Sun, Malaysia think tanker advocates resolving territorial disputes through dialogue rather than confrontation. The advantage of dialogue in resolving disputes is that even if differences arise, expressing mutual concerns can significantly ease tensions. He believes that when senior officials from the disputing countries sit down to negotiate and establish dialogue mechanisms, three outcomes may arise: first, the disputing parties reach a bilateral agreement; second, while no bilateral agreement is reached, they agree to submit the matter to an international dispute resolution mechanism; third, the dispute is left unresolved and reconsidered when future conflicts emerge. Yi Xianliang, former Ambassador of China to Norway believes that disputes should be resolved through two main approaches: "mechanisms" and "rule of law." Regarding the issue of mechanisms, he argues that countries need to establish high-level mechanisms capable of making political decisions, as well as a mechanism for scientific and technological exchange. Regarding the rule of law, he points out that there are currently no relevant legal rules among coastal states, nor is there a foundation for establishing such rules. Yan YAN, academic of National institute for South China Sea Studies, suggests that countries better to view maritime security as an inclusive maritime interest rather than an exclusive one, so that countries can better reach to maritime cooperation and build trust before dispute is finally settled.
SANYA, China, Dec. 4, 2024 /PRNewswire/ -- On the 5th Symposium on Global Maritime Cooperation and Ocean Governance, which was held by Huayang Center for Maritime Cooperation and Ocean Governance, National Institute for South China Sea Studies, China Oceanic Development Foundation and Hainan Free Trade Port Research Institute, speakers expressed their views on Order in the South China Sea. Dang Dinh Quy, Former vice Minister of Foreign Affairs of Vietnam, believes that the South China Sea is currently facing traditional challenges such as excessive maritime claims and militarization, as well as non-traditional challenges such as piracy, illegal, unreported, and unregulated (IUU) fishing, and environmental pollution. Countries surrounding the South China Sea need to reach a consensus on ensuring maritime security. The United Nations Convention on the Law of the Sea (UNCLOS) should serve as the legal foundation for addressing maritime security challenges. Siswanto Rusdi, Founder and Director of National Maritime Institute, Indonesia, pointed out that China is Indonesia's largest trading partner, and therefore, the two countries must adhere to cooperation, Indonesia may consider establishing a traditional maritime police force by drawing on the experiences of neighboring countries in the future. Zheng Zhihua, Associate Professor of Japan Research Center of Shanghai Jiao Tong University, pointed out that most countries in the South Pacific have completed maritime boundary delimitation based on regional commonalities, with numerous practices involving claims of exclusive economic zones (EEZs) and continental shelves based on coral reefs. The United States, France, and the United Kingdom also have similar practices in the South Pacific. These practices related to maritime rights claims can serve as a reference for the South China Sea region. Zou Keyuan, Professor of Law School of Dalian Maritime University, China pointed out that there are various ways to resolve disputes, and legal means are only one of the available options. The diverse cultural differences in East Asia have resulted in the absence of a regional legal dispute resolution mechanism in the Asia-Pacific region to date. Therefore, it is not advisable to overly emphasize legal methods to resolve the South China Sea dispute. Natalie Klein, Professor of Faculty of Law, University of New South Wales, Australia, outlined specific rules related to the freedom of navigation, including those concerning territorial seas and the high seas, and attempted to explain the meaning and scope of freedom of navigation.
Fully Integrated 30-foot Electric Pontoon Platform Designed for Commercial and Recreational Markets Showcases Commitment to Innovation and Sustainability GARLAND, Texas, Dec. 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company's marine division, Massimo Marine, entered into a partnership with Vision Marine Technologies Inc (Nasdaq: VMAR) ("Vision Marine"), a pioneer in electric marine propulsion. This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer complete electric boats directly to consumers, this partnership is expected to be a key step in rapidly delivering high-quality electric marine products to market. As part of the agreement, Massimo Marine will supply pontoon boats to be equipped with Vision Marine's E-Motion™ 180E Powertrain System, a complete turnkey electric powertrain solution. The U.S. pontoon boat market is a growing one, reaching sales of 115,000 units in 2023, a 5% increase over 20221, reflecting robust demand for versatile and family-friendly watercraft. Vision Marine brings extensive expertise to this partnership with years of experience successfully integrating electric propulsion systems into multiple boat designs. This knowledge ensures that the new electric pontoon platform will meet the highest standards of performance, efficiency, and reliability for both recreational and commercial use. "This product is the result of years of requests from nautical bases and operators who have been asking for a reliable, turn-key electric solution," said Alexandre Mongeon, CEO of Vision Marine. "With this partnership, we aim to bridge the gap efficiently, delivering what the industry has long demanded. By combining our world-record-breaking, third party-tested technology with Massimo Marine's manufacturing capabilities, we're creating a solution that we believe is as dependable as it is innovative." Massimo Marine's advanced production facilities in Garland, Texas, is expected to play a pivotal role in delivering these electric pontoons to market efficiently and at scale," added David Shan, CEO of Massimo Group. "We're proud to be partnering with Vision Marine's innovative propulsion solution in bringing truly efficient electric propulsion systems to the commercial and recreational space. This collaboration showcases our shared commitment to innovation and sustainability, providing customers with high-performance electric pontoons through Vision Marine's factory-direct distribution along with our networks." By offering a turn-key product through Vision Marine's direct-to-consumer approach and Massimo Marine's extensive distribution network, Massimo and Vision Marine believe that this partnership will greatly enhance accessibility to electric boating solutions. This collaboration is more than a production partnership— Massimo and Vision Marine believe that it's a leap toward transforming the marine industry. By addressing the growing demand for zero-emission solutions and offering eligibility for grants and incentives at city, state, and federal levels, this electric pontoon platform can position itself as a cornerstone in sustainable marine transportation. 1) https://pontoonboatguy.com/ About Vision Marine Technologies Inc. Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer in electric boating, recognized for its innovative E-Motion™ Electric Marine Powertrain Technology that offers a superior, zero-emission boating experience. With proprietary, turn-key electric solutions, Vision Marine combines cutting-edge technology, high-performance propulsion, and eco-friendly systems. The company has broken multiple electric world speed records, showcasing its commitment to pushing the boundaries of performance. Vision Marine is leading the transformation of the marine industry with unmatched power and efficiency for a cleaner future on the water. For more information, visit visionmarinetechnologies.com. About Massimo Marine Massimo Marine, a subsidiary of Massimo Group (NASDAQ: MAMO), was established in Garland, Texas, in 2020. Massimo Marine manufactures and sells Luxury Pontoon and Tritoon boats. Massimo Marine is dedicated to innovative design, quality craftsmanship, and great customer services. Massimo Marine is changing the game in the pontoon, and tritoon world when it comes to innovation and features, all of which have helped make Massimo Marine a growing player in the industry. Every year, Massimo Marine introduces new features, designs, and standard options for its boats that it believes sets it apart, while always ensuring it offers its customers pricing advantages that will allow them to have the best boating experience possible. About Massimo Group Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Founded in 2020, Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo Group is also developing electric versions of UTVs, golf-carts and pontoon boats. The company's 376,000 square foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, market positions, business plans and future financial results; and any other statements that are not historical facts. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Annual Report on Form 10-K for the year ended December 31, 2023, as updated by Massimo's subsequent filings, with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact Information Vision Marine Technologies Inc.Bruce Nurse303-919-2913bn@v-mti.com Massimo GroupDr. Yunhao ChenChief Financial OfficerMassimo Groupir@massimomotor.com Massimo Group Investor Relations Chris Tyson Executive Vice President MZ North AmericaDirect: 949-491-8235MAMO@mzgroup.us
New strategic partnership to integrate BBTruck's globally pioneering supply chain and logistics technology platform with Haulio's container haulage platform TAIPEI, Dec. 2, 2024 /PRNewswire/ -- BBTruck, a global leader in supply chain and logistics technology, has announced a strategic partnership with Haulio, Singapore's largest and fastest-growing logistics tech startup in Southeast Asia. This collaboration aims to strengthen the region's logistics ecosystem by integrating BBTruck's supply chain platform with Haulio's container haulage services, enhancing logistics efficiency across both long- and short-haul routes. BBTruck and Haulio Partner to Deliver Seamless, End-to-End Supply Chain Logistics from Sea to Shore BBTruck provides a one-stop B2B supply chain logistics technology platform, enabling precise capacity calculations and resource allocation, optimizing logistics management. Haulio, Singapore's largest B2B truck transportation digital platform, focuses on matching port container transport for port operators, trucking companies, and customers. Haulio currently collaborates with about 90% of Singapore's container logistics companies. By integrating with Haulio's platform, BBTruck will automate fleet assignments upon container arrival, minimizing empty trips and delivering enhanced supply chain logistics management. This partnership also marks BBTruck's expansion into Southeast Asia, opening new market opportunities for its customers. BBTruck and Haulio Deliver Seamless Transport From Sea to Shore, Enhancing Global Logistics and Supply Chain Efficiency International maritime shipping plays a critical role in global trade, accounting for about 85% of global commerce, with an annual compound growth rate of over 5%. As Southeast Asia emerges as a key logistics hub, the demand for streamlined supply chains is increasing. A Forbes Insights report highlights that two-thirds of logistics companies see "technological innovation" as key to productivity and performance. "As international maritime shipping continues to thrive, container throughput at ports will inevitably increase. We are very optimistic about the global growth potential of major commercial ports in Southeast Asia," said Steven Chou, CEO and co-founder of BBTruck. "The majority of traditional logistics companies worldwide still rely too heavily on communicating with ports with paper and phones, manually arranging transport and routes, and keeping manual records after containers successfully reach port. We are happy to partner with Haulio to help traditional logistics providers address the long-standing pain points of fragmented and hard-to-integrate information, thereby enhancing global companies' international trade competitiveness and supply chain management flexibility." BBTruck Integrates Haulio's Container Haulage Platform To Optimize Both Long and Short Supply Chain Logistics Journeys BBTruck creates a transparent supply chain logistics management platform for businesses and logistics providers, integrating key data on various truck sizes, equipment, real-time orders, carrying capacity, and addresses to significantly reduce logistics costs and delivery times. Through the integration of Haulio's "Haulio Connectivity System," which matches port container transport, BBTruck will deepen its presence in existing markets including Taiwan and North America while officially expanding into the Southeast Asia market for maritime container logistics services, building a comprehensive world-class logistics ecosystem. With Haulio's technology enhancing international shipping container data integration, fleet management, and matching, BBTruck's global customers will be able to match available trucks for container transport as soon as containers arrive at the delivery port, using BBTruck's supply chain and logistics technology platform. From port to final destination, BBTruck will offer a convenient API integration interface and comprehensive data exchange framework, enabling full monitoring of capacity data and tracking of shipment status and routes, providing businesses with a seamless, more efficient logistics journey that covers both sea and land transportation. "The logistics industry is at the heart of global trade and key supply chains, and the role of the Southeast Asian market is becoming increasingly important, said Alvin Ea, Co-Founder and CEO of Haulio. "Haulio has long focused on the Singapore and Southeast Asian markets, and through our automated container haulage platform, traditional container transport companies can improve their transport efficiency. BBTruck's vision of revolutionizing supply chain logistics through technology aligns perfectly with our core values. This strategic partnership marks a new milestone in realizing seamless connectivity between ocean and land transport. We believe this will lead more global supply chain and logistics companies toward successful digital transformation." Through this strategic partnership, BBTruck will accelerate its expansion into Southeast Asian markets, including Singapore, Indonesia, Malaysia, Thailand, and Vietnam. Building on Haulio's years of market presence and operational capacity in Southeast Asia, BBTruck will establish local transport fleets and partner ecosystems, providing global customers with more efficient and transparent logistics services. BBTruck aims to revolutionize supply chain logistics in Southeast Asia, balancing flexibility and efficiency in every delivery. About BBTruck Founded in 2019, BBTruck is a pioneering one-stop platform for supply chain and logistics technology. Our mission is to build a transparent, shared global logistics ecosystem that simplifies supply chain management. As a leader in logistics technology, BBTruck uses cutting-edge solutions for precise capacity calculation and allocation, ensuring efficient, flexible, and sustainable logistics. Since launch, BBTruck has served over 50 top-tier enterprises in technology, healthcare, international logistics, and retail. BBTruck is also the first to achieve carbon-neutral transportation, driving the green logistics revolution and advancing toward a zero-carbon future. For more information, visit BBTruck's official website: https://bbtruck.cc/index_en.html About Haulio Haulio is Singapore's fastest-growing container haulage platform, with the greater vision of connecting global trade to local first-mile transportation across ASEAN. The company believes in uplifting the industry by empowering its ecosystem of users with its technology. Through the optimisation of resources, Haulio aims to revolutionize international freight logistics towards a collaborative and sustainable future. For more information, visit www.haulio.io.
BEIJING, Nov. 29, 2024 /PRNewswire/ -- Prior to China's Baiheliang inscriptions gaining widespread attention in recent years due to its joint World Heritage application with Egypt's Rawda Island Nilometer, this hydrological heritage that submerges 40 meters beneath the Yangtze River in Fuling district, Chongqing, had already begun to reveal its mysteries since 2009. In 2009, a design called the "pressure-free cabin" started operating at the Underwater Museum of Baiheliang. This cabin, resembling an immovable submarine, was remarkably ahead of its time and was innovated by China. It epitomizes the country's scientific ingenuity and its tradition of safeguarding cultural heritage.Immovable submarine "Baiheliang," literally meaning the "white crane ridge," was originally a natural stone ridge that has a history of 1,200 years. It measures 1,600 meters long and is located in the middle of the Yangtze River. The ridge was engraved with more than 160 inscriptions, which showcase ancient hydrological data, particularly the Yangtze River's low water levels for continuous 72 years starting from the Tang Dynasty (618-907). "Baiheliang is unique because the ridge's hydrological data is complete and uninterrupted over time. Such a reference has inspired modern projects like the Gezhouba Hydropower Station," Jiang Rui, the museum's director, told the Global Times. Aiming at preserving the Baiheliang records beneath the river, a total of seven conservation plans have been offered by Chinese scientific teams in early 2000s. Some of these proposals recommend pulling out the stone ridge from water to land, others too costly, but the "pressure-free cabin" that was proposed by rock mechanics expert Ge Xiurun stood out as the most suitable and pioneering. "Pressure-free cabin" involves constructing a protective cabin covering the original Baiheliang ridge. It equips with water-cleaning and pressure-evening systems to filter and channel Yangtze River water in and out, maintaining balanced pressure inside and outside of the cabin. The whole cabin connects two 90-meter-long elevators that can send visitors down into the water. It looks like a futuristic submarine with a silver corridor. Ancient inscriptions are only few meters away when one looks out from circular windows on the wall. The implementation of the "pressure-free cabin" plan has made the Baiheliang site the only underwater heritage museum in the world accessible without diving. "The underwater scenes are beyond imaginable. The inscriptions are still so clear and they made me appreciate the richness of ancient Chinese culture," Grace, a visitor from Kenya, told the Global Times. Noting the device operates like a "never-stopping machine," Liu Bin, head of the museum's equipment division, said that inside the cabin, there are more intricate systems designed for lighting, gas supply and relics cleaning. Although the "submarine" can no longer undergo major rebuilt, its facilities have been improved over the years to offer better experiences to visitors. Taking the circular window as an example, the current window glass has been updated to the same kind of material used on the J-20 stealth fighter. To reduce the growth of underwater organisms on the ridge, the lighting system has been updated. Jiang, the director, said that the team is now incubating a latest lighting plan, to make the ridge "become a stage-like and major inscriptions will be highlighted.""It is because of such scientific preservation measures, the humanistic value of Baiheliang inscriptions can be recognized by the world," Jiang emphasized. A visitor observes stone fish inscriptions at the Underwater Museum of Baiheliang. Photo: IC 'Romantic spirit' Although Baiheliang inscriptions were used documenting water data, many legacies on the ridge actually hold artistic details; revealing how ancient Chinese people expressed their sentiments through connecting with nature. On one of the stone steles, Northern Song Dynasty (960-1127) intellectual and calligrapher Huang Tingjian inscribed on the ridge to express his reluctance to leaving Fuling.On another stele, Huang Shou, the ancient governor of Fuling district during the Ming Dynasty (1368-1644), engraved a poem on Baiheliang. Huang Shou used the classic stone fish pattern on the ridge as a symbolic representation to express his will of being an honest governor. Not far from Huang Shou's underwater poetry is the museum's pearl, the stone fish inscriptions. This group of stone fish inscriptions were created in two different dynasties of the Tang and Qing. By observing the position of those fishes' eyes and fins, the ancient people were able to accurately track the river's low-water data. Compared to many hydrological heritage sites such as the Rawda Island Nilometer that is focused on pragmatism, the Baiheliang's poetry and calligraphic legacies have made it a good representation of "ancient China's unique romantic spirit," Jiang said. "When I walked underwater and saw these inscriptions, I felt the unique ways how ancient Chinese people expressed themselves. China is an ancient civilization, so it possesses many cultural heritage sites. These treasures belong to China, but they offer inspiration to people around the world," Nicolas Deschamps, a French documentary director at the museum, told the Global Times. In 2023, China and Egypt reached an official agreement to launch a joint World Heritage application featuring the Baiheliang inscriptions and the Nilometer at the Rawda Island. This application is now at a stage of discussing core issues such as "their similarities" as well as conducting an "comparative analysis" between the two sites. Jiang revealed to the Global Times that by the end of 2024, China and Egypt will sign a Memorandum of Understanding to facilitate more details. "Our collaboration with Egypt enhances the developing countries' discourse power in interpreting their importance in protecting cultural heritages worldwide," Jiang emphasized.
Maritime/Shipbuilding
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