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…
Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock…
UAE-based contractor MAR Marine & Building Contractor has taken delivery of a new cutter suction dredger (CSD) that it will utilize at the Al Hamriyah Port expansion project.Built by Damen Shipyards Group, the CSD500 has been named MAR 22. “We…
The world's top passenger port is installing a network shore power systems for cruise ships that, once completed, will be the largest of its kind globally.PowerCon said it has been tapped as a subcontractor to deliver five systems that will…
Port Everglades was awarded a $32 million grant this week to mitigate environmental threats from flooding and sea level rise and ensure continued access for marine vessels. This grant is part of more than $275 million for resilience projects…
A fire at Turkey's Iskenderun port has been extinguished and maritime operations have resumed in the region, Turkey's maritime authority said on Friday, four days after the blaze broke out after following earthquakes that struck the country…
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced a Notice of Funding Opportunity (NOFO) making available more than $662 million in Federal Fiscal Year (FY) 2023 funding for MARAD’s Port Infrastructure Development Program (PIDP)…
The Houston Ship Channel expansion project, also known as Project 11, continues to make significant progress. Port officials announced that dredging of the first segment extending from Bolivar Roads to Redfish, known as Segment 1A, is complete…
Puget Sound Energy (PSE) announced that the Port of Seattle’s Maritime Division and Economic Development Department have agreed to purchase more than 240,000 therms of renewable natural gas which will result in a reduction of carbon emissions of about 1…
Florida's Port Everglades recently completed a study to add shore power to the Port's eight cruise terminals and has taken delivery of the final report. The study was performed by Moffatt & Nichol, a global infrastructure advisory firm working in cooperation with Florida Power & Light (FPL)…
2022 closed with significant developments to advance offshore wind (OSW) and the necessary, related work required at U.S. ports – on the east and west coasts and the Great Lakes. Some of these developments included:Funding – MARAD’s Port Improvement…