Latest News - page 308

 

Freeport LNG Restart Delay Causes Vessels to Seek Other Ports

Nov 16, 2022

A few liquefied natural gas (LNG) vessels have turned away from the Freeport LNG export plant in Texas over the past few days on expectations the plant's restart will be delayed until December or later, according to ship tracking data from Refinitiv…

Audex Inks 30-year Lease with AD Ports in UAE

Nov 16, 2022

AD Ports Group on Wednesday announced it has signed a land lease agreement for 30 years with Audex Pte Ltd a wholly owned subsidiary of PEC Ltd, an integrated project and maintenance solutions provider to the energy, petrochemical, terminal and pharmaceutical industries…

Port of Los Angeles October Imports Tumble

Nov 15, 2022

October volume at the busiest U.S. seaport fell to its lowest level since 2009 as shippers sent cargo to alternate trade gateways to avoid potential disruptions from ongoing West Coast port labor talks, Port of Los Angeles Executive Director Gene Seroka said on Tuesday…

Freeport LNG Blames Valve Testing Faults for June Accident

Nov 15, 2022

Freeport LNG pointed to deficiencies in safety valve testing and operating procedures as the root causes of a pipeline explosion that shut its export plant in Texas on June 8, according to a report released on Tuesday.The fiery explosion at the Texas Gulf Coast plant…

New Report Tracks the Maritime Industry's Progress to Net Zero

Nov 15, 2022

A new report from the Global Maritime Forum, prepared on behalf of the Getting to Zero Coalition, assesses progress toward the development of Green Shipping Corridors - maritime routes between major port hubs where zero-emission solutions are…

FMC Commissioner Bentzel Urges UIIA, OSRA Harmonization

Nov 15, 2022

U.S. Federal Maritime Commission (FMC) Commissioner Carl W. Bentzel last week sent a letter to leaders of the Intermodal Association of North America (IANA) trade group urging harmonization of the Uniform Intermodal Interchange & Facilities…

Alternative Fuels, Newbuilds and Retrofits are Key to Marine Industry Growth

Nov 15, 2022

The global marine vessel market is projected to grow from $170.75 billion in 2021 to $188.57 billion in 2028 at a CAGR of 1.43%, according to research from Fortune Business Insights.From transportation vessels to workboats to marine construction ships…

Port of Los Angeles Signs MOU with JETRO

Nov 15, 2022

Officials from the Port of Los Angeles and Japan External Trade Organization Los Angeles Office (JETRO Los Angeles) have signed a Memorandum of Understanding (MOU) to further promote cooperation in several key strategic areas, including sustainability…

Computer Vision Startup AllRead Closes €2.5 Million Funding Round

Nov 15, 2022

A supply chain focused computer vision software startup is looking to expand its market presence in Europe and the Americas after closing a €2.5 million (approx. $2.6 million) funding round.Spanish-based AllRead, founded in 2019, provides artificial…

Germany Completes Construction of Floating LNG Terminal

Nov 15, 2022

Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas.'The new LNG landing place is a big step towards a secure energy supply…

GAC Opens Another Office in Taiwan

Nov 15, 2022

Global shipping and logistics provider GAC Group is expanding its presence in East Asia and the Asia-Pacific region by establishing a new office in Taiwan’s second-largest port, Taichung.The port has constructed several tailor-made wharves to…

Svitzer Announces Lockout in Australia

Nov 14, 2022

Svitzer Australia, a subsidiary of A.P. Møller – Maersk, announced on Monday that it will lock out all harbor towage employees covered under its 2016 National Towage Enterprise Agreement and their union bargaining representatives starting Friday…

Firefighting at Sea – Towards a Safe Ship Concept

Nov 14, 2022

The most important of all international maritime safety conventions is the International Convention for the Safety of Life at Sea (SOLAS). The first version was adopted at a conference in London in 1914. The catalyst for this conference was…

Brazilian Port Operator CLI Acquires Santos Terminal from Rumo

Nov 14, 2022

Brazilian port operator CLI concluded the payment of 1.4 billion reais ($263.43 million) on Monday to railway company Rumo SA for control of a grain terminal in Santos port, the company said.The deal is being funded by the acquisition of a 50% stake in CLI…

Freeport LNG to Miss Restart Target for Fire-damaged Texas Export Plant

Nov 14, 2022

The owner of the second-largest U.S. liquefied natural gas (LNG) export plant has not yet provided regulators with a final repair plan, according to a person familiar with the matter, likely pushing any restart into the first quarter of next year…

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