Sweden-based H2 Green Steel and the Port of Luleå have signed a cooperation agreement whereby H2 Green Steel agrees to use the port as its primary logistics and transportation hub for intermediate goods and products to be transported to and from its new steel mill in Boden…
Ukraine wants to begin work to make its Danube shipping canal deeper as early as this year to expand its alternative routes to export grain, Deputy Minister of Renovation and Infrastructure Yuriy Vaskov said on Tuesday.Ukraine, which was invaded by Russia last year…
Port of Aberdeen and Subsea 7 have secured a grant of £150,000 from the Scottish Government to investigate the feasibility of storing hydrogen underwater at the new Aberdeen South Harbour.The 'H2Shore - Hydrogen coastal storage and distribution'…
International Container Terminal Services, Inc. (ICTSI) has commenced construction of another berth at its flagship, the Manila International Container Terminal (MICT).To be built in phases, Berth 8 will add to the MICT’s capability to service foreign ultra container vessels of up to 18…
DP World cut direct carbon emissions from its global operations by 5% last year, according to its latest Environmental Social and Governance (ESG) report, reflecting progress towards its 2040 carbon neutral target.The ESG report, published Friday…
Canada's Minister of Transport, Omar Alghabra, announced an investment of up to $12.5 million to the Essex Terminal Railway Company, from the National Trade Corridors Fund, for a Cargo Terminal Infrastructure Expansion project at the Port of Windsor…
CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the container shipping market after a record 2022.The company, based in Marseille and privately controlled by the founding Saade family…
Danish shipping company NORDEN announced Friday it has entered into an agreement to acquire the Thorco Projects business, providing access to new customers within the general cargo segment such as break bulk, steels and wind energy.Denmark-based Thorco Projects…
Boudewijn Siemons will become interim CEO of the Port of Rotterdam Authority effective July 15, 2023, taking the reins from Allard Castelein, who is stepping down as CEO this summer after nearly a decade in the position.Siemons, who currently serves as the port's COO…
Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near its trough, which could provide some support to oil prices later in 2023.Global freight volumes fell 1.1% during the first three months of 2023 compared with a year earlier…
BIMCO, the world’s largest shipping association, has elected Nikolaus H. Schües, CEO and owner of Reederei F. Laeisz as President at the organization's general meeting in Hong Kong on Thursday.Schües takes over as the 46th President of BIMCO…
The UK’s third largest ports group, Forth Ports, has outlined its commitment and the actions it is taking to achieve a Net Zero carbon operation by 2042. The company, which is Scotland’s biggest port operator, also outlined an interim target…
The Oakland Board of Port Commissioners approved an ordinance that will help to reduce emissions from cargo handling equipment at one of the seaport's key marine terminals.Port Commissioners unanimously voted to amend terminal operator TraPac’s…
AD Ports Group announced it has signed a memorandum of understanding (MoU) with the world’s largest producer of iron ore and nickel, and one of the largest logistics operators in Brazil, Vale S. A. (Vale), to develop a 'mega hub' in Abu Dhabi…
Tugboats refloated a large ship that had been stranded for several hours in the Suez Canal on Thursday, and sources said shipping traffic through one of the world's busiest waterways had returned to normal.Two canal sources said traffic was back to normal by around 11:00 am local time (0800 GMT)…