SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million…
The Port Authority of València (PAV) reports it is making steady progress in the construction of its second solar photovoltaic plant located on the roof of the vehicle silo of the VTE concession on the East Dock. The installation work began…
Port of Antwerp-Bruges increased the bollard capacity of four bollards at PSA Antwerp’s Noordzee Terminal from 150 tonnes to seven new 250 tonne bollards to minimize lost space between two vessels. Dynamic mooring analysis also showed that the…
Europe's largest seaport is boosting its security efforts in an attempt to prevent illicit drugs from making their way through the port.As of March 31, 2024, all import containers arriving in the port of Rotterdam from Latin America will only be securely and reliably released via the Secure Chain…
Shell has awarded Worley a contract for detailed design, procurement and construction management support services a Holland Hydrogen 1, a project that will become the Europe’s largest commercial renewable hydrogen production facility.Under the contract…
Earlier this year, 30-year Port Houston veteran Jeff Davis announced his retirement as Chief Port Operations Officer. The port's Executive Director Roger Guenther has subsequently announced the promotion of two long-term, well-regarded members…
Galveston-based dredging contractor Callan Marine has been awarded a $136 million contract from Port Houston to dredge segment 1C of the Houston Ship Channel Expansion, under the port's Project 11 program.Callan will use its recently christened 32-inch cutter suction dredge…
U.S. President Joe Biden's plan to build a floating U.S. military port to speed up aid to Gaza could take up to 60 days to become a reality and involve more than 1,000 American troops, the Pentagon said on Friday.The Pentagon offered the timeline…
Shanghai Zhenhua Heavy Industries (ZPMC) said on Sunday its cranes do not pose a cybersecurity threat, after U.S. congressional committees questioned the Chinese state-owned company's work on cranes bound for the United States.The House of Representatives security panels…
The Biden-Harris Administration has unveiled a $3 billion initiative to fund clean ports, aimed at reducing emissions and advancing environmental justice. Announced by the U.S. Environmental Protection Agency (EPA), the Clean Ports Program will…
Argentina's government on Thursday said there are plans for a $550 million investment to build a new port in the Rosario region, a major farm hub which moves more than 80% of the South American nation's agricultural and agro-industrial exports…
President Joe Biden will announce in his State of the Union speech on Thursday that the U.S. military will construct a temporary port on Gaza's Mediterranean coast to receive humanitarian aid by sea, senior administration officials said.Planning for the operation…
Federal prosecutors in Brazil have recommended that the country's environment agency Ibama suspend blasting work in the bay of Paranagua port pending an investigation into the death of a diver, according to a statement on Wednesday.The statement…
Marine terminal operator SSA Marine said it has placed into service the first of six pieces of zero-emissions cargo handling equipment that the company will introduce at the Port of San Diego’s Tenth Avenue Marine Terminal over the next 12 to 18 months…
Greece has invited investors to submit an expression of interest for a stake of at least 50% in its Lavrion port near Athens, its privatization agency HRADF said on Wednesday.The port, due to its proximity to popular tourist destinations such as the Cyclades islands and Greece's busiest airport…