Democratic Republic of Congo President Felix Tshisekedi on Monday launched the construction of the country's first deep-water port, a $1.2 billion project that has drawn criticism for being built on the edge of a protected wetlands.Banana Port…
The Alabama Port Authority board of directors recently approved a $2.042 million purchase of 272 acres in Montgomery, Ala., to construct an inland container intermodal transfer (ICTF) facility. The project will extend intermodal rail service…
The U.S. Department of Agriculture said on Sunday it will help fund a new container yard for agricultural exports at California's Port of Oakland, as the government, ports and food companies scramble to ease costly shipping delays.The multimillion-dollar project is set to open in March…
French shipping giant CMA CGM said it had struck a preliminary agreement to acquire a majority stake in French delivery firm Colis Prive, as it continues to build up its logistics business.CMA CGM is to buy 51% of Colis Prive from current owner…
Stolt-Nielsen Limited appointed Hans Augusteijn as President, Stolt Tank Containers (STC), effective February 1, 2022.Augusteijn succeeds Michael W. Kramer, who will assume the role of Executive Vice President, Marketing and Business Development at Stolt-Nielsen Limited…
Advanced Polymer Coatings (APC), the owner of the MarineLINE cargo tank coating brand, announced its most successful year of trading with maritime sales growing by 40% in 2021.By it's own reckoning the Ohio-headquartered company says it accounts…
Long-term contracted ocean freight rates fell 3.6% in January, according to the latest Xeneta Shipping Index (XSI) Public Indices, the second consecutive monthly rates decline following 14 straight months of increases. Despite the recent stumble…
Inmarsat, Attica Group and Thetius have teamed to jointly launched the ‘Inmarsat Ferry Open Innovation Challenge: Crew Training and Entertainment,' a competition which inspired start-ups and SMEs to deliver digital solutions to enhance the training or enrich the leisure hours of seafarers…
The Federal Maritime Commission met in both open and closed session today to be briefed on efforts to address detention and demurrage, improve supply chain data transparency, and an ongoing investigation of Canadian government regulations that affect U…
Abu Dhabi Maritime, the custodian of all of Abu Dhabi’s waterways and marine ecosystems, has assumed responsibility for all ferry services operating within Abu Dhabi’s waterways.Operating under the AD Ports Group, with guidance from the Department of Municipalities and Transport (DMT)…
Spot market earnings for VLCCs will average $2,500/day in 2022 on a non-eco, no scrubber basis (US $11,000/day for ECO-designs, without scrubbers), while the peak year for VLCC spot market earnings have been pushed out to 2025, amid substantial supply-side support…
Intelatus Global Partners is a new name in energy, marine and industrial market analysis and strategic planning, a ‘new name’ with nearly 50 years of experience and proven results.Founded by the merger of International Maritime Associates (IMA) and World Energy Reports (WER)…
Despite the prolonged COVID-19, Techcross reports that it has kicked off the new year with a new record in amount of order, FAT and shipments in January 2022.As of the third week of January, Techcross sold Ballast Water Management Systems (BWMS) for 81 ships…
The Port of Felixstowe, operated by Hutchison Ports, has ordered 17 Automated Rubber-Tired Gantry Cranes (ARTGs) from Konecranes. The order was booked in Q4 2021. The ARTGs will be delivered and commissioned in a project covering three phases starting in Q2 2023…
The U.S. Army Corps of Engineers, Kansas City District is set to receive approximately $278 million under the Infrastructure and Investment Jobs Act (IIJA). Almost $249 million of that is to repair damages caused by the 2019 flood to the Bank…