Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container volume to remain soft going into this autumn - when retailers like Walmart (WMT.N) should be well into holiday season preparations…
Russia has effectively stopped the Black sea grain deal by refusing to register incoming vessels, Ukraine's reconstruction ministry said on Monday.Ukrainian Black Sea ports were blockaded after Russia's invasion last year, but access to three…
French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.CMA CGM granted the Bollore group an option to sell it the logistics business…
The new floating terminal for liquefied natural gas (LNG) set up in the Tuscan port of Piombino will start its commercial operations at the end of this month, the CEO of Italy's gas grid operator Snam said on Friday.The terminal will make available…
The Biden administration on Friday launched a $4 billion effort to electrify U.S. ports and cut heavy duty truck emissions as the government looks to address disproportionate impacts on nearby communities.The U.S. Environmental Protection Agency…
Quincy, Mass. dredging contractor Cashman Dredging & Marine Contracting has been awarded a contract for maintenance dredging in Baltimore.The $23,963,300 firm-fixed-price contract was awarded by the U.S. Army Corps of Engineers' Baltimore District…
Shipping group Maersk on Thursday reported first-quarter earnings above expectations and maintained its 2023 profit guidance as it expects a recent drop in demand for container shipments to stabilize around mid-year.Maersk, which transports goods for retailers and consumer companies such as Walmart…
Australia's exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments amid thawing diplomatic relations.Data out on Thursday showed exports of Australian goods to China hit A$19 billion ($12…
Australia’s Port of Newcastle has unveiled a blueprint for Stage 1 of its future Clean Energy Precinct.The 220-hectare area will position Newcastle and the Hunter Region as a leading production, storage and export hub for future clean energy products and technologies…
Crowley announced it will launch an end-to-end, integrated ocean and rail service between Mexico and the U.S. Midwest region and into Canada. Featuring Crowley’s new Mexico-U.S. ocean route in the Gulf, the service will leverage the inland rail network of Canadian National Railway Company and its U…
The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico.The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022…
Port of Los Angeles Executive Director Gene Seroka has received the esteemed Stanley T. Olafson Award from the Los Angeles Area Chamber of Commerce, recognizing his work in the world trade industry and leadership of the nation’s busiest container port…
APM Terminals Pipavav will invest around $90 million in a new liquid berth. The port’s current capacity to handle 2 MMT of liquid bulk will increase to 5.2 MMT. The investment supports the port’s objective of contributing to the growth of India's logistics infrastructure…
APM Terminals MedPort Tangier in Morocco celebrates a new milestone of its expansion project with the arrival of the first of four batches of new dual ship-to-shore (STS) cranes. The two cranes are part of a total of eight cranes representing a major investment of €117 million…
Port of Aberdeen said Tuesday it had welcomed the first cruise ship into the 'transformational' £400 million Aberdeen South Harbour expansion. The 203-meter-long AIDAaura, with a capacity for more than 1,200 guests, is the longest vessel to visit the Port of Aberdeen to date…