APM Terminals Lazaro Cardenas has begun the construction of its Phase II $140 million expansion. This project will increase the capacity of the first semi-automated facility in Latin America with an additional one million TEUs and position it as a hub for the Americas region…
The Port of New Orleans was awarded $947,280 in recently announced Port Security Grant funding from the Federal Emergency Management Agency (FEMA) to support the expansion and enhancement of emergency services for Port NOLA’s maritime and industrial operations…
Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…
PSA Mumbai, one of the five container terminals operating at JNP, has set a record by handling 1,94,708 Twenty-foot equivalent units (TEU) in August 2023. This is the highest monthly container throughput ever handled by a single terminal in the entire JNP…
NAVTOR opened its 11th office with the arrival of NAVTOR Hellas. The Athens-based operation, situated at the Port of Piraeus, is an evolution of an existing, long-standing partnership with distributor Space Electronics. CEO Tor Svanes says the…
The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects…
Voluntary near-miss reporting scheme CHIRP Maritime is celebrating its 20th anniversary by introducing a new port sector safety newsletter alongside its regular 'Maritime FEEDBACK' editions.“We are thrilled to announce the launch of a new series…
Despite Rome's scepticism, China's Foreign Minister Wang Yi said cooperation with Italy under the Beijing-led Belt and Road initiative had been fruitful, with high-quality Italian products having entered 'thousands of households' in China.'The…
Transatlantic shipping freight rates have come under pressure from slack demand, meaning ship operators must watch costs, the chief executive of Germany's Hapag-Lloyd said on Monday.'Rates have definitely collapsed, and that means we have to start looking at our costs…
Dubai-owned ports giant DP World is planning to issue its first 10-year U.S. dollar-denominated green sukuk following investor meetings on Sept. 4 and 5, a bank document showed on Monday.[Sukuk is the Arabic name for financial certificates, also referred to as 'sharia compliant' bonds…
U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts…
Water levels in the Panama Canal are likely to remain exceptionally low for months despite forecasted short-term improvements, meaning no end in sight to the prolonged disruptions hampering vessels transiting the vital shipping artery.The Panama…
Two new members have joined the Oakland Board of Port Commissioners, filling open positions due to Commissioners Cestra “Ces” Butner and Joan Story completing their years of dedicated volunteer service as Port Board members.The Oakland City…
Middle East Navigation Service (MENAS), provider of aids to navigation (AtoN) in the Middle East Gulf region, said its is increasing rates and widening the group of ships that will be asked to pay for the service.The group has been providing…
Multipurpose carrier Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago.Intermarine and Jumbo-SAL-Alliance are joining Intermarine’s long-time agent, Marval, to form the new subsidiary JSA-Intermarine Chile…