Konecranes wins order for fleet of Konecranes Noell Sprinter Carriers

The HDC Hyundai Development Company of Korea has ordered a fleet of 28 Konecranes Noell Sprinter Carriers for Busan New Port 2-4 in Busan, Korea. The Sprinter Carriers will be delivered as part of the port’s expansion project 2-4. The order was booked in August 2020.

“The HDC Hyundai Development Company is a renowned developer of container terminals and we are proud to have received this repeat order as Busan New Port continues to expand,” said Peter Kania, Head of Sales for Straddle Carriers, Konecranes Port Cranes. “We delivered Sprinter Carriers as part of Busan New Port’s earlier growth phase. This further order is a vote of confidence and trust in the performance and reliability of these machines as horizontal transport vehicles from the quayside, working closely with the automated stacking cranes in the container yard,” continued Kania. When the Sprinter Carriers on order are delivered and working, Busan New Port will have a Konecranes Noell Sprinter Carrier fleet of 64 machines.

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The Sprinter Carriers on order are man-driven, diesel-electric machines stacking containers 1-over-1 as part of swift container transfer between the quayside and container yard. The order will be delivered in three batches starting at the end of 2021 and ending by July 2022. All of the machines will be equipped with Stage IV diesel engines, and they will all have 8 wheels by special customer request to reduce ground pressure. The standard Konecranes Noell Sprinter Carrier has 6 wheels.

All of these Konecranes Noell Sprinter Carriers will have built-in readiness for automation. This puts Busan New Port on Kone­cranes’ path to port automation, where container terminals improve productivity and safety in manageable steps. The path to port automation applies to all container handling equipment brands. Full automation can be the final goal but it doesn’t have to be. Flexibility is the key.

Further information:
Peter Kania, Head of Sales for Straddle Carriers, Konecranes Port Cranes
Email: or phone: +499312053216

Further information for investors and analysts:
Kiira Fröberg, Director of Investor Relations, Konecranes
Email: or phone: +358 20 427 2050

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2019, Group sales totaled EUR 3.33 billion. Including MHE-Demag, the Group has around 17,300 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).


New alliance boost for strategic port equipment procurement

iSpec creator Remy InfoSource and Trent Port Services have signed a partnership agreement to offer port operators a turnkey procurement solution that reduces costs and frees up in-house resources for core operations

Two global leaders in maritime procurement and project management have joined forces to offer port and terminal operators a turnkey solution – iSpec Plus – which cuts procurement costs, overheads and increases staff productivity.

Lifecycle contract management specialist and iSpec creator Remy InfoSource is now partnering with Trent Port Services, an international port services and solutions company, to offer port companies a combined service solution which enables them to easily establish and oversee a single capital expenditure (Capex) budget for all equipment procurement, third party factory inspections and project management requirements.

“By outsourcing complex equipment projects to our new partnership, large and small port companies can reduce the in-house time, costs and resources usually allocated to manage a complex expansion project from idea to completion,” said Pieter Boshoff, CEO of Remy InfoSource.

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When a port procures, for example, a Ship-to-Shore crane, it usually allocates a percentage of that Capex to Third Party Inspections (TPI), design review meetings and periodic project manager visits to the crane factory. In addition, overhead costs not included in Capex numbers usually include maintenance and refurbishment of systems used for project management, corporate headcounts for managing strategic projects, and office overheads to support a larger corporate team.

“All of this adds significant extra costs – often hidden – onto most port expansion or upgrade projects, taking the delivered price beyond the original budget,” said Boshoff.

“Under this new business model we are offering with Trent Port Services, we can take on all your turn-key equipment procurement, taking away these additional costs and distractions for a small percentage of the overall Capex budget, enabling customers to outsource projects, reduce management costs and free up in-house resources for core operations.”

The turnkey product offered by Remy InfoSource and Trent Port Services combines the deployment of iSpec, Remy InfoSource’s innovative web and mobile-based software procurement solution for buyers of capital-intensive equipment, with the renowned port project management expertise of Trent Port Services.

“This solution enables port operators and their employees to focus on what they do best – managing ports, operations and their customers,” said Jon Arnup, Founder & CEO of Trent Port Services. “We take on the entire project using a single Capex budget approach. This cuts down management AND procurement costs with payment milestones aligned to the deliverables of each individual project”.

When a port is not buying equipment, it therefore has zero overheads and costs. In other words, you only pay when you need something. This reduces corporate costs on labour, systems maintenance, corporate server farms and other overheads.

“For larger port operators, this tangibly improves project visibility and collaboration between corporate, regions and individual terminals, while reducing costs. For smaller ports, the overhead and manpower savings are substantial.”

Remy InfoSource and Trent Port Services are longstanding collaborators, not least because Trent Port Services is one of iSpec’s foremost customers. Complex port expansion or upgrade projects can take many years to plan and complete, and cost overruns, delays and implementation failures are common. Most project management systems aim to support this process. However, unlike iSpec, they focus on the vendor/provider instead of the buying organisation.

iSpec’s web and mobile-based software has continuously been developed over the past 15 years specifically for buyers of capital-intensive outsourced projects. The software provides a unified platform for tender management with dedicated accounts for all relevant parties including all contract terms as well as technical specifications. After awarding the contract to one or multiple vendors, a seamless transition to the implementation phase prevents vendors renegotiating or claiming to not have been aware of detail requirements.

“At Trent, we have been using iSpec for the last 15 years to supplement our own project management and procurement projects,” said Arnup.

“As ports and port operators start to see past the fact that their strategic equipment is in fact similar or the same as their competitors, the need to do things differently, smarter, cheaper and more collaboratively will become ever more apparent. By combining our expertise and deploying iSpec, we believe our turnkey offering can offer great value to port companies both large and small.”

About iSpec

iSpec is the world’s leading web and mobile-based software procurement solution for buyers of capital intensive outsourced projects such as ports. It has already processed over $10 billion in tendering volumes for Remy InfoSource clients.

iSpec provides a unified platform for tender management with dedicated accounts for all relevant parties including all contract terms as well as technical specifications. It was developed by Remy InfoSource specifically to manage the procurement of complex outsourced projects such as the acquisition by port and terminal operators of Quay Cranes and RTGs.

After awarding the contract to one or multiple vendors, a seamless transition to the implementation phase prevents vendors renegotiating or claiming to not have been aware of detail requirements. iSpec’s iNspect mobile inspection app supports ongoing delivery and ensures specification compliance, dramatically increasing chances of successful end-to-end project delivery. iSpec is also continuously updated based on the global needs of customers.

iSpec is continuously updated based on the global needs of clients. One leading client is DP World, one of the world’s foremost terminal and logistics operators which has been a user of  iSpec since 2006.

About Remy InfoSource

Remy InfoSource specializes in providing cutting edge technology for complex environments with a special focus on procurement and document management systems. To ensure it designs the best possible software for the real world, Remy InfoSource leverages a broad group of industry experts and advisors via its advisory board. Members ensure the company continuously develops the right software to enable clients to stay one step ahead of the competition.

For further information contact:

Pieter Boshoff
Remy InfoSource Pte Ltd
Mobile:+66 891 083244
Singapore:+65 3158 1448


AFRY further strengthens its presence in Vietnam by establishing AFRY Vietnam Limited

AFRY has strengthened its presence in the growing Vietnamese consulting engineering market by establishing a new local subsidiary, AFRY Vietnam Limited.

2019 11 25 090513AFRY’s long history in Vietnam goes back to its first project in Hanoi in 1978 and the establishment of a Representative Office in 1997. However, it is in the last twenty years that AFRY has grown to be one of the leading providers of international consulting engineering services in Vietnam. With the establishment of the local subsidiary, AFRY is now taking the next step in strengthening its local presence in this growing market. Vietnam is one of the most dynamic consulting engineering markets in Asia due to the significant industrial and commercial development taking place. Vietnam is expected to continue to be one of the fastest growing economies, with further acceleration from the EU free trade agreement, which was finalised by August 1st 2020, as well as from the relocation of industries taking place in Asia.

In Vietnam, AFRY is active in power generation (including renewable wind and solar power), waste-to-energy, LNG, pulp and paper, forestry, automotive, infrastructure, water and wastewater, environmental and management consulting sectors, and its service provision covers the whole project life cycle from early phase development through construction and commissioning, as well as operations support. AFRY currently employs 40 personnel in Vietnam, with staff numbers projected to continue growing in 2020 and 2021.

Contact information

Tomas Camen
Managing Director, AFRY Vietnam Ltd.
Tel. +46 723 700 750

Jacques de Beer
General Director, AFRY Vietnam Ltd.
Tel. +84 904 116 168

Did you know?

  • In Vietnam, AFRY combines the ÅF Consult and Pöyry operations in the country.
  • Altogether, AFRY has executed over 150 consulting engineering assignments in Vietnam.
  • In the energy field, AFRY has an overall track record of providing owner’s engineering services for construction of over 10,000 MW of thermal, hydro, wind and solar power in Vietnam, representing over 15% of the installed power generation capacity. In addition, AFRY has been Lenders Technical Advisor in 5,000 MW of power generation projects in Vietnam.
  • In the renewable energy field, AFRY has been involved in over 2,200 MW of solar and 2,000 MW of wind power projects in Vietnam. In addition, AFRY is involved in some of the first waste-to-energy projects in the country.
  • In urban infrastructure development and engineering, AFRY has completed over 20 assignments with different cities and municipalities throughout Vietnam, particularly in the water/ wastewater/ sanitation and solid waste management sectors providing a range of services from technical support with project and contract management, planning, design review and procurement, construction supervision, operation and maintenance, to capacity building and institutional strengthening.
  • In the environmental and social sectors, AFRY has undertaken over 10 assignments assessing environmental and social impacts, their monitoring during project implementation, together with social surveys and community development.
  • AFRY is supporting the first domestic car company of Vietnam in research and development projects for future products.

About AFRY

AFRY is an international engineering, design and advisory company. We support our clients to progress in sustainability and digitalisation.

We are 17,000 devoted experts within the fields of infrastructure, industry and energy, operating across the world to create sustainable solutions for future generations.

Making Future


LBS start-up CarbonChain secures investment from VC fund Y Combinator

CarbonChain, a UK government backed software as a service company that helps companies automate the accounting of the carbon emissions in their supply chain, has secured investment from the prestigious San Francisco based venture capital fund, Y Combinator.

Established in 2017, CarbonChain has a mission to make ‘supply chains green’. The company’s products enable companies in some of the most polluting industries, such as oil & gas, mining, agriculture, and logistics, to measure and reduce greenhouse gas emissions

2020 08 30 115927A distinguished product of the London Business School’s Institute of Innovation and Entrepreneurship’s Incubator programme, CarbonChain was co-founded by Adam Hearne (LBS MBA 2015; CEO of CarbonChain), and Roheet Shah (LBS MBA 2015; COO of CarbonChain) along with Imperial College computer scientists Yury Oparin (CTO of CarbonChain) and Jeremiah Smith, Ph.D (CPO of CarbonChain). Together, the team possess deep expertise across a wide spectrum of commodities industries, supply chain management, and software development.

Both acknowledge the support of LBS in the rapid success of CarbonChain, and that Y Combinator’ investment is now another important milestone for the company. With an acceptance rate below two per cent, Y Combinator's accelerator programme has been described as "harder to get into than Harvard" by Business Insider. Notable companies that have gone through Y Combinator include AirBnB, Dropbox, and Stripe.  Y Combinator has created a new model for funding early stage start-ups and twice a year invests money in start-ups.

CarbonChain is an accredited solutions provider of the Carbon Disclosure Project, and a proud member of ResponsibleSteel™, a not-for-profit organisation which is the steel industry’s first global multi-stakeholder standard and certification programme. The UK government’s innovation arm, InnovateUK, has supported CarbonChain in developing its technology via £460,000 in grant funding.

Companies work with CarbonChain to automate the accounting of their supply chain carbon emissions to: access cheaper, greener financing; avoid financial penalties, and track internal sustainability KPIs.

“Disruption and 'supply shock' is coming for companies that do not factor in the rising price of carbon. The price of carbon is going from the global average of $2/ton right now to the anticipated $100/ton in 2030,” says Shah. “This is where CarbonChain comes in. Our accounting platform can extract data from standard supply chain documents, and generate a comprehensive carbon emissions report for the end-to-end supply chain.”

The CarbonChain founders discovered the need for supply chain carbon emissions accounting in oil & gas and mining while working for BCG and Rio Tinto. CarbonChain has built models for every single asset in the supply chain for these primary industries, creating digital twins of every piece of equipment used in heavy industry. If CarbonChain is unable to obtain the information about the equipment from the companies that use its services, they then go to the engineering firms that built the equipment or facility for the company.

“Transparent supply chains are the hallmark of sustainable businesses, and the objective of CarbonChain is to assist corporations and governments alike to take a proactive step in carbon reporting so they can work together and make large scale reductions in CO2 emissions year after year,” says Hearne.

About London Business School


London Business School's vision is to have a profound impact on the way the world does business and the way business impacts the world. The School is consistently ranked among the best business schools globally* and is widely acknowledged as a centre for outstanding research.

As well as its highly ranked degree programmes, the School offers award-winning Executive Education programmes* to business leaders from around the world.

London Business School has campuses in London and Dubai, and a presence in three additional international cities – New York, Hong Kong and Shanghai. The School equips its diverse student body with the tools needed to tackle today’s business challenges and connects them with many of the world’s leading thinkers.

The School has more than 44,000 alumni working in over 155 countries. Together, they are a community defined by a wealth of knowledge, business experience and worldwide networking opportunities.

London Business School’s 174 faculty members come from over 30 countries. They cover seven subject areas: accounting, economics, finance, management science and operations, marketing, organisational behaviour, and strategy and entrepreneurship.

*The Financial Times (FT) has named London Business School the top European business school for the fifth consecutive year in 2018; its Executive Education programmes ranked in the top four overall by the FT in 2018. London Business School was awarded the 2013 EFMD Excellence in Practice Award for its 10-year partnership with Danone.


Changes to Bosch Rexroth management in North America

Greg Gumbs is to be appointed as the new President and CEO of Bosch Rexroth North America

► Paul Cooke retires after 38 years with Bosch Rexroth  

Paul Cooke, President and CEO of Bosch Rexroth North America, based in Charlotte, NC, USA, will retire on December 31, 2020 after 38 years of distinguished service in various international positions within Bosch Rexroth.

His successor as of December 1, 2020 will be Greg Gumbs, most recently Vice President & General Manager Electrical Automation Solutions at EATON Corporation. Greg will join Bosch Rexroth effective September 1, 2020 in preparation for his future responsibility and will be based at Bosch Rexroth North American headquarters in Charlotte, NC.

rexroth bosch logoAfter completing his degree in electrical engineering, Greg started his professional career in 1997 as an application engineer in the Global Technical Service Group of Rockwell Automation, Inc. He later held various drive systems engineering, sales, marketing, services and management positions within Rockwell before taking over as Director Commercial Sales Support and Market Development. 

In 2007, Greg joined the EATON Corporation Industrial Sector as Vice President Sales Americas for Hydraulics Business. In 2013, he became General Manager for the Hydraulic Hose and Fittings Business. In 2015, he moved to EATON Electrical Sector as Vice President & General Manager of EATON Electrical Automation Solutions. 

“Bosch Rexroth is an amazing organization with a bright future given the strong foundation of technology leadership and customer focus. I am honored to join the Bosch family and looking forward to leading this talented team forward in close partnership with our channel partners,” said Greg.

In addtion to an electrical engineering degree from DeVry University, Greg obtained his MBA with a focus on Leadership and Global Business Management from Weatherhead School of Management at Case Western Reserve University.

About Bosch Rexroth:
As one of the world’s leading suppliers of drive and control technologies, Bosch Rexroth ensures efficient, powerful and safe movement in machines and systems of any size. The company bundles global application experience in the market segments of Mobile Applications, Machinery Applications and Engineering, and Factory Automation. With its intelligent components, customized system solutions and services, Bosch Rexroth is creating the necessary environment for fully connected applications. Bosch Rexroth offers its customers hydraulics, electric drive and control technology, gear technology and linear motion and assembly technology, including software and interfaces to the Internet of Things. With locations in over 80 countries, roughly 31,000 associates generated sales revenue of roughly 6.2 billion euros ($7.3 billion) in 2019. 

To learn more, please visit

About Bosch:
The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,000 associates worldwide (as of December 31, 2019). The company generated sales of 77.7 billion euros ($84 billion) in 2019. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. Bosch employs some 72,600 associates in research and development at 126 locations across the globe, as well as roughly 30,000 software engineers. 

Additional information is available online at