Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports…
Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak.The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025…
The Grimaldi Group has completed the acquisition of 67% of the capital of Heraklion Port Authority (HPA) in Crete for 80 million euros ($89 million).The signing of the agreement with Hellenic Republic Asset Development Fund (HRADF) followed a tender conducted by HRADF…
American Bureau of Shipping (ABS) has issued approvals in principle (AiPs) for a range of jetty-less new energy terminal concepts to move frequent, large-volume ammonia transfers away from shore, developed by SBM Offshore’s division IMODCO Terminals…
The Port of Los Angeles reported handling nearly 960,600 Twenty-Foot Equivalent Units (TEUs) in August, marking a remarkable 16% increase compared to the same month last year. This figure represents the busiest month for the port since before the pandemic…
A threatened Oct. 1 strike by dockworkers at ports on the U.S. East Coast and Gulf of Mexico would immediately disrupt the flow of goods in the country, the North America chief executive of French container carrier CMA CGM said on Wednesday…
Hutchison Ports ECT Rotterdam (ECT) is set to enhance its container terminals with shore power facilities in the coming years, following an agreement with Rotterdam Shore Power (RSP), a collaboration between Eneco and the Port of Rotterdam.The…
APM Terminals celebrated the inauguration of a comprehensive $115 million upgrade project at its West Africa Container Terminal (WACT) in Onne, Nigeria.The inauguration ceremony was attended by several dignitaries, including the Secretary to the Government of the Federation (SGF)…
A brand new 144,000 square meter port terminal has been inaugurated at the Port of Gothenburg. The investment, amounting to approximately 60 million EUR, has been under construction for the past six years and was made to meet the increased transportation needs of Swedish industry…
The U.S. Justice Department on Wednesday filed a civil claim seeking $103 million from the two Singaporean companies that owned and operated the container ship that in March toppled the Francis Scott Key Bridge in Baltimore, killing six people and paralyzing a major transportation artery for the U…
The Baltic Sea's irst green freight corridor has been launched, allowing for the transportation of Felix ketchup to Finland with a 90% reduction in emissions. This initiative, a collaboration between Orkla Suomi, Scandic Trans, and Viking Line…
This month, the CHERISH2O (CHEmical industry water Reuse In a Sustainable Harbour) project starts at the port of Antwerp. Port of Antwerp-Bruges, VITO, essenscia, VMM and Antea Group will investigate whether industrial waste water from chemical…
NASH Maritime (part of APEM Group) appointed Bruce Mills as its Technology lead, with full responsibility for the development of NASH Maritime’s technology advisory and software business.Mills started his career with the UK Maritime and Coastguard…
The Cargo Integrity Group is calling on national administrations to carry out and report the findings of their container inspection programs, and for the IMO to continue collating and publishing the results in a publicly accessible form.The…
The American Association of Port Authorities (AAPA) announced the reconstitution of its presence in Latin America with the appointment of Juan Duarte as the first Latin American to serve as Executive President of AAPA in Latin America.Duarte…