Ports News

 

Electric Cars Pile Up at European Ports as Chinese Firms Struggle to Find Buyers

2 hours ago

China’s automotive industry has revolutionised over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes.However, Chinese cars are facing difficulties in finding buyers in Europe. Imported cars, many of which are Chinese electric vehicles, are piling up at European ports…

Young Brothers Is First in the US to Use Innovative Mooring System

few minutes ago

Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension…

Maritime Trafficking: How Balkan Gangsters Became Europe's Top Cocaine Suppliers

5 hours ago

In 2018, convicted cocaine trafficker Slobodan Kostovski fled a Brazilian prison and made his way back to Europe with a fake passport.The Serbian senior quickly fell into old habits, police allege. Last August, Kostovski was arrested in Belgrade…

Crowley Reaches Labor Deal for Isla Grande Terminal in Puerto Rico

May 01, 2024

Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers…

Port of New Orleans Names Coates Chief Commercial Officer

May 01, 2024

The Port of New Orleans (Port NOLA) announced it has named Amanda Coates as its Chief Commercial Officer, responsible for leading the port’s business development strategies and real estate operations.The Port of New Orleans has the largest public footprint of Louisiana’s ports…

Port Constraints for Canada's Trans Mountain Pipeline May Crimp Oil Exports

May 01, 2024

Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast…

Europe’s Ports Need $85 Billion over the Next Ten Years

Apr 30, 2024

The European Sea Ports Organisation (ESPO) has released the ESPO Port Investment Study 2024 which states that the investment needs of European port managing bodies amount to €80 billion ($85 billion) over the next 10 years.The study, prepared by Dr…

Green Light for $3 Billion Oil Port off Texas Expected By Year-end

Apr 30, 2024

Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT)…

Acteon’s LDD Getsy Busy at Scottish Port's Infrastructure Upgrade

Apr 30, 2024

LDD, an Acteon company, has been awarded a contract by George Leslie to perform piling works on the Kennacraig Port's ferry terminal in Scotland.LDD, a marine foundations brand within Acteon, is supplying reverse circulation drilling (RCD) services…

Peru Seeks to Avoid Arbitration Over Chinese-built Mega Port

Apr 29, 2024

The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal dispute regarding exclusivity rights to a massive facility being built by the firm, an official said on Monday…

Nigeria Secures $600 Million Maersk Port Infrastructure Investment

Apr 28, 2024

Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday.The investment was secured during a meeting between President Bola Tinubu and Moller…

Drought Knocks Grain Port from No. 2 Spot

Apr 26, 2024

Argentina's massive Rosario farming port lost its spot as the world's No. 2 grains export hub in 2023, a report from a local exchange showed on Friday, underscoring the impact of a historic drought that hammered corn, wheat and soy last year…

'24 Olympic Flame to Ride 3-Masted "Belem" to French port of Marseille

Apr 26, 2024

Paris 2024 Olympics organizers on Friday, April 26, received the Games' flame in a handover ceremony in Athens ahead of a 68-day torch relay that will end with the opening ceremony on July 26.The flame arrived at the central Athens' Panathenaic stadium…

Skanska Set for South Brooklyn Marine Terminal Buildout

Apr 26, 2024

Sweden-based construction and development company Skanska has signed the final contract award, worth $612 million, for the upgrade of the South Brooklyn Marine Terminal (SBMT) in New York, which will serve as an offshore wind hub.The project…

Russia Reinsurer Backs Firms to get India Marine Insurance Permit

Apr 25, 2024

Russia's state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions…

Logistics News

Young Brothers Is First in the US to Use Innovative Mooring System

Young Brothers Is First in the US to Use Innovative Mooring System

Electric Cars Pile Up at European Ports as Chinese Firms Struggle to Find Buyers

Electric Cars Pile Up at European Ports as Chinese Firms Struggle to Find Buyers

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

Lloyd's Insurers Expect Moderate Baltimore Bridge Claims

Lloyd's Insurers Expect Moderate Baltimore Bridge Claims

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