Latest News - page 105

 

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

Feb 07, 2025

Klaipėda Port Authority in Lithuania has signed an agreement for the infrastructure buildout for the offshore wind energy projects, starting with the reconstruction of quays on Smeltė peninsula, which will ensure assembly, handling and transportation of offshore wind turbines…

Smuggled Horses Intercepted at Port

Feb 06, 2025

Twenty horses have been found travelling on an illegal transport in horrific conditions, reports World Horse Welfare.Some of the horses are suspected of being smuggled for fattening and slaughter despite the ban on live exports in May 2024.Those on board included Irish Thoroughbreds…

AD Ports and CMA CGM to Operate New Terminal in Congo

Feb 06, 2025

AD Ports Group and CMA CGM Group have agreed to jointly develop, manage and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville, for which AD Ports Group received a 30-year extendable concession in June 2023.AD…

Hoegh Ready for FID for Hydrogen Deliveries to Germany

Feb 05, 2025

Norwegian shipping firm Hoegh Evi expects to take a final investment decision (FID) this year on an ammonia-derived hydrogen project to deliver clean fuel into dedicated German grids, chief executive Erik Nyheim said.The company operates three…

CMA CGM to Operate Syrian Container Terminal

Feb 05, 2025

Syria's General Authority for Land and Sea Ports said on Wednesday that it had agreed to a new contract with French shipping and logistics group CMA CGM to operate the container terminal at the Latakia port.The Syrian port authority said in…

Port Everglades Boosts Throughput

Feb 05, 2025

Cargo tonnage and container throughput are up at Florida’s Port Everglades with a double-digit growth during the first quarter of fiscal year 2025 (Oct. 1 to Dec. 31, 2024).The port's total container throughput in TEUs is up by 12% to 285,335 TEUs compared to 255…

ASRY Wins Repair Yard of the Year at Global ShipTek Awards

Feb 05, 2025

The Arab Shipbuilding and Repair Yard Company (ASRY) has been honored as the Repair Yard  of the Year at the ShipTek International Maritime Conference and Awards 2025, held in Dubai last week. The company surpassed numerous regional competitors…

DP World Southampton Welcomes First Gemini Cooperation Ship

Feb 05, 2025

DP World Southampton has welcomed the arrival of MV Leonidio, the first ship to dock to the port under the Gemini Cooperation agreement, set up by Hapag-Lloyd and Maersk. The MV Leonidio docked at the Southampton logistics hub on February 3…

Trump in no Hurry to Talk to Xi

Feb 04, 2025

U.S. President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to try to defuse a new trade war between the world's two largest economies sparked by his sweeping 10% tariffs on all Chinese imports.China imposed targeted tariffs on U…

Tariffs Risk Working Against the Imposer’s Interests

Feb 04, 2025

“When a country that exports large quantities imposes tariffs, it risks working against its own interests,” says Stamatis Tsantanis, Chairman & CEO of Greek shipping companies Seanergy Maritime and Maritime United.“Other nations adjust by sourcing commodities elsewhere…

Trump Pressures Iran; Iran Threatens Strait of Hormuz Closure

Feb 04, 2025

U.S. President Donald Trump will restore his 'maximum pressure' campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday.Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure…

East Coast’s Busiest Seaport Charts Growth Following Turbulent 2024

Feb 04, 2025

Giving the annual State of the Port address, Bethann Rooney, the port director of the Port Authority of New York and New Jersey, recalled 2024 saying: “Just as you think there’s nothing else that can go wrong and you’ve experienced it all, we…

50-Year Deal Signed for Grain Hub at Khalifa Port

Feb 04, 2025

AD Ports Grouphas signed a 50-year land lease agreement with Al Ain Mills, an Al Hazaa Investment Group member. This strategic partnership will see the development of a state-of-the-art grain storage and processing facility at Khalifa Port at South Quay…

Flex LNG Time Charter Rates Beat Expectation

Feb 04, 2025

Flex LNG Ltd. released its unaudited financial results for the fourth quarter and full year ended December 31, 2024, reporting a robust performance amid a challenging LNG shipping market.Flex LNG posted vessel operating revenues of $90.9 million for the fourth quarter…

Russia Seaborne Diesel Exports Rise

Feb 04, 2025

Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low domestic demand, LSEG and market sources data show…

Logistics News

Port of Antwerp-Bruges Reports Weak Start to the Year

Port of Antwerp-Bruges Reports Weak Start to the Year

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

BIMCO Warns of Hormuz Toll Scam

BIMCO Warns of Hormuz Toll Scam

HPH Trust Unveils Hong Kong’s First Autonomous Truck Fleet

HPH Trust Unveils Hong Kong’s First Autonomous Truck Fleet

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Italy will see revenue from the sale of state assets worth 0.8% GDP by 2028
Tinubu, Nigeria's president, grants airlines a 30% debt reduction and orders fuel price discussions
Sources say that the demand for Russian Urals crude oil is increasing, which has led to an increase in freight rates.