LOGISTEC Stevedoring Inc., a subsidiary of North American marine and environmental services provider LOGISTEC Corporation, announced it has entered into a definitive agreement to acquire the Canadian and U.S. marine terminal business of Fednav…
Canadian pipeline operator Enbridge Inc said on Wednesday it would buy a gas storage facility in the U.S. Gulf Coast region from Brookfield Infrastructure Partners and Crestwood Equity Partners for $335 million.The Tres Palacios gas storage…
Vietnam's Deoca Group said on Wednesday it had set up a joint venture with Laos' Petroleum Trading Lao (PetroTrade) to study the possibility of jointly building a railway connecting the two countries, with a possible price tag of 149.55 trillion dong ($6…
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Wednesday announced a Notice of Funding Opportunity making $12,423,000 available in Fiscal Year 2023 funds through the United States Marine Highway Program (USMHP).Designed…
FTS Group won an auction on Friday to operate a terminal at the port of Paranagua, one of the main ports in Brazil for grains and sugar, amid an uptick in shipping activity in the country.The group will have to invest at least 338.2 million reais ($64…
Xeneta returns this week with a second ranking of carrier carbon emissions, this time focused on the Far East to U.S. West Coast Trade.'Why are we doing this? We want to shine a light on the importance of green shipping and spotlight the progress of carriers…
Turkey's Yilport Holding announced it has taken over operations at Port of Šibenik in Croatia as part of parent company Yildrim Group’s acquisition of Petrokemija d.d., Croatia's largest fertilizer plant.The Port of Šibenik, which used to operate as the country's main fertilizer handling port…
Finland's Konecranes reports it has received an order to deliver two mobile harbor cranes to Guyana's Port of Georgetown.In Q3 2022, two port operating companies in Guyana – Muneshwers Ltd. and John Fernandes Ltd. – made a joint order for two…
A recently completed terminal expansion project at Canada's Port of Vancouver is set to boost capacity amid projected cargo volume growth at the Canadian West Coast seaport.The Construction on the Centerm Expansion Project—delivered by the the…
Tradepoint Atlantic, a 3,300-acre global multimodal logistics hub and industrial center, announced that the Port Tampa Bay’s Board of Commissioners approved a lease agreement with Tradepoint Tampa for 35 acres of land to build a new trans-load warehouse distribution facility…
Norwegian energy company Equinor announced it has entered into an agreement to sell its oil terminal in the Bahamas to Estonian logistics and investment business Liwathon. Financial terms of the deal were not disclosed.The South Riding Point oil terminal at the Grand Bahama Island…
Freeport LNG, the second largest U.S. liquefied natural gas exporter, said on Tuesday it had received regulatory approval to restart commercial operations at its Texas processing plant.The U.S. Federal Energy Regulatory Commission (FERC) approved the partial restart of two liquefaction trains…
The Port of Montreal's new five-year investment plan includes more than $335 million earmarked for infrastructure upgrades and development.The announcement was made by Martin Imbleau, president and CEO of the Montreal Port Authority (MPA) during…
The Global Center for Maritime Decarbonization (GCMD) has completed trials on two supply chains of biofuel blends for vessel bunkering, the center said on Tuesday.The maritime industry has been trying to source for green fuels to reduce carbon…
Dutch offshore wind foundation maker Sif this week said it would build the world's largest monopile foundation manufacturing plant in Rotterdam, the Netherlands, with an estimated investment of around €328 million.The plant will be built at the 62 hectare Maasvlakte 2 site in Rotterdam…