McCarthy Building Companies, Inc. has completed construction of Berth 8 at Port Freeport, Texas. Part of the Velasco Terminal, Berth 8 features over 925 feet of berth and an associated roll-on/roll-off dock extension. The expansion represents…
The European Union is considering a proposal for the Russian Agricultural Bank to set up a subsidiary to reconnect to the global financial network as a sop to Moscow, the Financial Times said on Monday.With the bank under sanctions, the move…
Several thousand unionized port workers in Canada's western province of British Columbia went on strike after failing to reach a deal to renew an industry-wide contract that expired in March, a waterfront employers group said on Saturday.The…
The Oakland Harbor Turning Basins Widening Navigation Study has reached another milestone. The comment period for the second draft of the Integrated Feasibility Report (IFR) closed on June 16, 2023. The end of the comment period signals the beginning of the next phase of the proposed project…
Cheniere Energy Inc's Sabine Pass LNG export facility returned to full production this week after undergoing maintenance, data from Refinitiv showed.The increased production is expected to help third quarter exports of U.S. liquefied natural gas (LNG) which fell in May to 7…
Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk MAERSKb.CO, as the sector faces pressure from consumers and regulators to reduce their climate footprint.Retailers ship huge volumes of clothes from production centres in countries such as China…
Port Canaveral’s newly renovated North Cargo Berth 3 (NCB3) has officially opened for business following a ribbon cutting ceremony celebrating the completion of the $48 million Port Canaveral Cargo Berth Rehabilitation and Modernization Project…
U.S. based shipping and logistics company Crowley announced it has acquired Tamarind Consolidated, a logistics services company serving the U.S. to the British Virgin Islands.The acquisition will transition Tamarind’s operations and services…
The shipping industry is undergoing a transformative shift toward sustainability and the International Maritime Organization (IMO) is set to adopt its revised greenhouse gas (GHG) strategy next week. There is also increasing pressure from environmental…
Officials from the ports of Los Angeles and Nagoya, Japan, have signed a new Memorandum of Understanding (MOU) to broaden cooperation on key sustainability and operational efficiency initiatives, including port community systems and digital supply chain information sharing…
Tumult in the container shipping sector continues, as geo-political conflict, the climate and labor issues continue to define the major trade routes. In this edition of Container Shipping Outlook, Xeneta’s Chief Analyst Peter Sand discusses…
The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse in May, and a 10…
The Port of Antwerp-Bruges has launched extensive digital radar and camera network that scans the entire Antwerp port area.The system will become the backbone of safe and efficient shipping traffic, says the port, following the recently launched drone network…
Logistics company Kuehne+Nagel International has appointed Michael Aldwell to its Management Board as of October 1, 2023.Aldwell will assume responsibility for the business unit Sea Logistics and succeed Horst Joachim (Otto) Schacht.Schacht (born in 1959)…
Italian companies Comau and Fincantieri presented today the first result of their joint collaboration with Automatica: MR4Weld (Mobile Robot for Weld), a mobile robot, an innovative outdoor automation solution, designed to improve the quality…