Latest News - page 255


Zim Inks $1 Billion LNG Bunkering Deal with Shell

Aug 31, 2022

ZIM Integrated Shipping Services Ltd. on Wednesday announced it has signed a liquefied natural gas (LNG) bunkering deal valued at more than $1 billion with Shell NA LNG, LLC as the Israeli container shipping seeks to reduce emissions from its operations…

Egypt Introduces Measures to Help Clear Backed Up Ports

Aug 30, 2022

Egypt's finance ministry has put in place a package of measures to clear a backlog of goods piled up in port, a ministry statement said on Tuesday.A severe shortage of foreign currency in Egypt over the last six months has sent banks and importers…

New Bedford Port Authority Names Gordon Carr Executive Director

Aug 30, 2022

The New Bedford Port Authority (NBPA) has named Gordon Carr as the next Executive Director of the Massachusetts seaport.Carr, who current serves as Deputy Director of Real Estate Strategy and Policy at the Massachusetts Port Authority (Massport)…

Wabtec's Power Play

Aug 30, 2022

With shipowners pressed to upgrade machinery to meet strict new emission targets, there’s much confusion with chatter surrounding ‘decarbonization’ and ‘future fuels’, solutions that don’t exist today – and may not exist in mass for another generation – cluttering the conversation…

Canada Sees West Coast LNG Revival as World Scrambles for Gas

Aug 29, 2022

Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.This time, companies are…

Maersk Agrees to Sell Stake in Russian Port Operator

Aug 29, 2022

A.P. Moller-Maersk said on Monday it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group, which also owns a 30.75% stake in the firm.After the divestment, which needs regulatory approval…

Berbera Port Upgrade Raises Somaliland’s Hopes for Trade

Aug 28, 2022

Berbera port is the main overseas trade gateway of the breakaway Republic of Somaliland. The port city is located on the Gulf of Aden – one of the globally most frequented seaways connecting the Indian Ocean and the Mediterranean.Only a few years ago…

Callan Marine Promotes Two VPs

Aug 26, 2022

Texas-based dredging and marine construction company Callan Marine announced the promotions of Chris Dearing to Vice President of Engineering and Production and Oliver Jones to Vice President.Dearing brings extensive experience in the development…

Seafarers Supported Amid Felixstowe Port Strike

Aug 26, 2022

A Stella Maris chaplain is supporting crew onboard ships berthed at Felixstowe port amid the ongoing dockworkers strike.Julian Wong had gone on board the container vessel George Washington Bridge which arrived in Felixstowe on August 19 before the start of the strike…

Record $1.6 Billion Meth Seizure Made at Port Botany

Aug 26, 2022

Australian authorities are reporting a record seizure of methylamphetamine after another metric ton of the illicit drug was discovered at Sydney's Port Botany.The development comes after detectives attached to the State Crime Command's Drug…

Shipping Container Suppliers Abandon $987 Million Deal After US Probe

Aug 25, 2022

Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges.China International Marine…

Port Canaveral Gets $1.9 Million for Security Upgrades

Aug 25, 2022

The U.S. Department of Homeland Security’s (DHS) Federal Emergency Management Agency (FEMA) Port Security Grant Program (PSGP) has awarded $1,941,285 in federal grant funding for several projects at Port Canaveral to protect the Port’s critical…

Cuba Boosts Fuel Imports, Reshuffles Shipping Operations After Terminal Fire

Aug 25, 2022

Cuba is using a combination of ship-to-ship transfers and floating oil storage to ease fuel scarcity and power cuts following a fire that destroyed a portion of its main oil terminal, vessel tracking data showed.Cubans have endured daily blackouts…

New Decommissioning Hub in Aberdeen to Create Up to 50 New Jobs

Aug 25, 2022

CessCon Decom,  a Scotland-based firm specializing in decommissioning of oil and gas structures, plans to launch a decommissioning hub at the Port of Aberdeen’s £400 million South Harbour expansion in Q3 2022, creating up to 50 new jobs.The…

COSCO SHIPPING Lines Takes First Bunkering of Marine Biofuel

Aug 25, 2022

TotalEnergies Marine Fuels completed the first refuelling of a COSCO Shipping Lines containership with marine biofuel, marking TotalEnergies’ first biofuel bunkering operation for a containership in Singapore.On July 11, 2022, the 4,250 TEU…

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