Latest News - page 248

 

Ukraine May Use New Black Sea Route for Grain Shipments

Aug 21, 2023

Ukraine is considering using its newly-tested wartime Black Sea export corridor for grain shipments after other cargo ships follow the first successful evacuation of a vessel on the route last week, a senior agricultural official said on Monday…

APMT Pipavav Handles Over 200 Port Moves Per Hour

Aug 21, 2023

APM Terminals Pipavav has shattered its previous records by successfully achieving over 200 port moves per hour (PMPH) on a single vessel for the first time in the history of its operations.On August 17, 2023, the port, located on the coast of Gujarat…

NYK Takes Stake in Vehicle Terminal Business in Indonesia

Aug 21, 2023

NYK has acquired a 25% stake in PT. Patimban International Car Terminal (PICT), a car terminal operator based at the Indonesian port of Patimban. The shares were acquired from Toyota Tsusho Corporation, and registration was completed on August 18…

Australia and California Agree to Cooperate on Climate Action

Aug 21, 2023

The governments of Australia and California have signed a new Memorandum of Understanding (MoU) to accelerate shared efforts to deliver climate action and support clean energy transition.California is the fifth-largest economy in the world,…

Victoria International Container Terminal Expands Crane Fleet

Aug 21, 2023

Victoria International Container Terminal (VICT) at the Port of Melbourne, Australia’s first fully automated container terminal, is expanding its equipment fleet with the addition of six new automated stacking cranes (ASC).Purchased as part of VICT’s ongoing expansion project…

GQG Partners Buys Additional Stake in Adani Ports

Aug 20, 2023

Investment firm GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd on Aug. 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday.GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0…

US Imports of Auto Parts Scrutinized Over Chinese Forced Labor

Aug 20, 2023

Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington's effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a document seen by Reuters, agency statistics and sources…

Iranian Oil Cargo Being Unloaded After Long Delay

Aug 20, 2023

A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed.Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston…

Energy Transfer Seeks New LNG Export License After Extension Denied

Aug 20, 2023

Pipeline operator Energy Transfer on Friday requested a new and expedited export license for its proposed Lake Charles, Louisiana, LNG plant, according to a filing with the U.S. Department of Energy (DOE).The department in May had refused a…

DP World Posts 10% Fall in H1 Profit, Flags Uncertain Trade Outlook

Aug 18, 2023

Dubai's state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly 14%, and flagged an uncertain outlook for trade.Profit attributable to DP World's owners in the six months to June was down 9…

Great Lakes Awarded Lower Miss Dredging Contract

Aug 18, 2023

Houston-based dredging contractor Great Lakes Dredge & Dock has been awarded a contract from the U.S. Army Corps of Engineers' New Orleans District for Mississippi River dredging in Plaquemines, La.Great Lakes was one of two bidders for the project…

USACE Begins Dredging Near Brownsville, Minn.

Aug 18, 2023

The U.S. Army Corps of Engineers, St. Paul District, began dredging the Mississippi River navigation channel near Brownsville, Minn., in Pool 8 this week to ensure the channel remains open for commercial navigation.Dredging is expected to continue in this area through Labor Day…

Implenia and NorSea to Build Floating Offshore Wind Plant In Norway

Aug 18, 2023

Swiss-based firm Implenia and NorSea's WindWorks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for the floating offshore wind industry at Norway’s west coast.Implenia and NorSea will become equal minority shareholders (approx…

ClassNK Offers Insights on New EU Fuel Rules

Aug 18, 2023

ClassNK recently released FAQs on the FuelEU Maritime (1st Edition), an overview and necessary preparation for FuelEU Maritime, regulations newly introduced by the European Union (EU) to promote the decarbonization of fuels used on board ships…

Event Preview: American Maritime Forum October 24-25, 2023, Miami

Aug 17, 2023

IGGS Group, a maritime networking specialist, is taking the helm to organize the American Maritime Forum in Miami on October 24-25, 2023. This event carries significant weight within the maritime sector, bringing together key players from the local…

Logistics News

Mercuria Sues Baltic Exchange Over Freight Losses from Hormuz Closure

Mercuria Sues Baltic Exchange Over Freight Losses from Hormuz Closure

Ukrainian Drones Hit Tuapse Port Again, Environmental Crisis Deepens

Ukrainian Drones Hit Tuapse Port Again, Environmental Crisis Deepens

Russian Attack Hits Port Infrastructure

Russian Attack Hits Port Infrastructure

Port Snared in US-China Dispute, says Panama President

Port Snared in US-China Dispute, says Panama President

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