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AUTOMOTIVE & TRANSPORTATION | Transportation Services / Marine Shipping & Management Services
fenixmarineservices.com

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Founded Year

1997

Stage

Acquired | Acquired

Valuation

$0000 

About Fenix Marine Services

Fenix Marine Services is the operator of a container terminal with a long-term concession located at Pier 300 in the Port of Los Angeles.On November 3rd, 2021, Fenix Marine Services was acquired by CMA CGM at a valuation of $2300M.

Fenix Marine Services Headquarter Location

614 Terminal Way

San Pedro, California, 90731,

United States

310-548-8815

Latest Fenix Marine Services News

D-Wave, SavantX, and Fenix Marine Services Team to Optimize Logistics at the Port of Los Angeles

Jan 10, 2022

D-Wave, SavantX, and Fenix Marine Services Team to Optimize Logistics at the Port of Los Angeles D-Wave, SavantX, and Fenix Marine Services Team to Optimize Logistics at the Port of Los Angeles SavantX has announced that they have worked with Fenix Marine Services to develop a quantum powered AI engine called HONE (Hyper Optimization Nodal Efficiency) that optimizes the logistics at the Pier 300 container terminal project at the Port of Los Angeles, one of the largest marine terminals in the US. The software runs on the D-Wave quantum annealer and optimizes scheduling, appointments, and in-terminal container handling for trucking companies and their customers. The software allowed the port to handle a record 903,000 TEUs (twenty foot equivalent unit, equivalent to one 20’x20’x8′ shipping container) in October 2021. Coordinating all the many resources including ships, trucks, trains, warehouses, terminal facilities, etc. for maximum efficiency is an extremely challenging logistics and optimization problem. Obtaining the best possible efficiency has become additional critical in the past year due to the pandemic-induced buying surge which has created supply chain challenges that must be solved. Use of the optimization software can improve overall capacity, cost, predictability, turnaround times, and ROI for the shipping companies and its customers. For more about this real-world implementation, you can view a news release from Savantx which is available here . January 10, 2022

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