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.Cosco sent a letter to Peru's economy ministry in mid-April to start a six-month negotiation process in order to reach an amicable resolution without having to resort to international arbitration…
CMPC has signed a deal with Brazil's southernmost state of Rio Grande do Sul to evaluate building a new, $4 billion pulp plant there, the Chilean pulpmaker said on Monday.The new project, which would be in the city of Barra do Ribeiro, would initially have the capacity to produce up to 2…
Crowley has named Phil Shook as senior vice president and general manager of Land Transportation Services to lead the company’s newly created business unit.The formal creation of the business unit reflects Crowley’s growth strategy and opportunity in the sectors…
The Detroit/Wayne County Port Authority on Monday revealed details of a program to slash carbon emissions to net zero by 2040 in an effort to improve air quality and the health of residents.Working with technical experts from sustainability consultancy Tunley Environmental…
An accident with a shiploader at the sugar terminal in the Recife port in Northeastern Brazil suspended loading operations at the site, according to a note from shipping company Williams Brazil late on Thursday.The company said the shiploader…
The Baltimore port's alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use, the Danish shipping group said in a statement on Wednesday.A container vessel chartered by Maersk collided with a major bridge in the U…
A large number of ports across the United States are making headway toward ambitious decarbonization targets, but many are running up against significant challenges that threaten their progress, according to a new report from classification…
The Port of Paranagua, one of Brazil's busiest for sugar and grain exports, said on Wednesday one conveyor belt at its so-called export corridor remains inoperative after labor authorities idled it over a 'risk of explosion.'The Paranagua Export Corridor Terminals Association (Atexp)…
The U.S. Transportation Department on Friday said it reached an agreement with Baltimore County to revise an $8.26 million grant agreement to enable Tradepoint Atlantic (TPA) to accommodate more cargo.Repurposing the funds will allow a boost in cargo to Sparrows Point at the Port of Baltimore…
Port Everglades officials, partners and elected officials on Wednesday celebrated three new Super Post-Panamax container gantry cranes going into service.The Super Post-Panamax cranes, measuring 175-foot (53 meters) high, are expected to help the South Florida port boost efficiency…
A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The…
The state of Great Lakes port infrastructure is one of the biggest issues facing the U.S. and Canadian maritime industries. According to the America Great Lakes Ports Association, “Due to years of inadequate funding, the U.S. Army Corps of Engineers…
As emissions regulations across the country get stricter, port authorities can take advantage of more than $650 million in funding from the U.S. Department of Transportation Maritime Administration (MARAD). Grant dollars from the Port Infrastructure…
Shipments of iron ore on the Great Lakes totaled 1.6 million tons in March, an increase of 25.5% compared to 2023, according to latest figures published by trade group the Lake Carriers’ Association (LCA). Loadings also topped the month’s 5-year average by 47…
Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week's U.S. Baltimore bridge collapse and expects the key ship channel to be closed for weeks, it said on Wednesday.The company…
