“On Friday February 24, 2023, one year has passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes…
Tradepoint Atlantic, a 3,300-acre global multimodal logistics hub and industrial center, announced that the Port Tampa Bay’s Board of Commissioners approved a lease agreement with Tradepoint Tampa for 35 acres of land to build a new trans-load warehouse distribution facility…
Norwegian energy company Equinor announced it has entered into an agreement to sell its oil terminal in the Bahamas to Estonian logistics and investment business Liwathon. Financial terms of the deal were not disclosed.The South Riding Point oil terminal at the Grand Bahama Island…
Freeport LNG, the second largest U.S. liquefied natural gas exporter, said on Tuesday it had received regulatory approval to restart commercial operations at its Texas processing plant.The U.S. Federal Energy Regulatory Commission (FERC) approved the partial restart of two liquefaction trains…
The Port of Toronto announced it moved more than 2.3 million metric tonnes of cargo in 2022, its highest recorded cargo levels in 18 years, and welcomed a record 41 cruise ships and more than 12,000 visitors to its Cruise Ship Terminal.The…
Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country.The group said the sale of its inland depot facility in Novorossiisk…
Port Houston reported a dip in container volumes in January, with TEUs down by 1% compared to last January, and 319,990 TEUs for the first month of 2023, down 3,437 TEUs from the same period in 2022.Loaded imports were down 6%, but total imports…
Dutch offshore wind foundation maker Sif this week said it would build the world's largest monopile foundation manufacturing plant in Rotterdam, the Netherlands, with an estimated investment of around €328 million.The plant will be built at the 62 hectare Maasvlakte 2 site in Rotterdam…
One of Europe’s largest ferry route and port operators, Stena Line, said it has signed a new deal with U.K. port operator Peel Ports to operate its 12 Quays port and ferry terminal in Birkenhead until the beginning of the 22nd Century. The Swedish…
Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock…
The world's top passenger port is installing a network shore power systems for cruise ships that, once completed, will be the largest of its kind globally.PowerCon said it has been tapped as a subcontractor to deliver five systems that will…
Port of Oakland Executive Director Danny Wan presented the 'State of the Port 2023' at a luncheon yesterday. In partnership with the Pacific Merchant Shipping Association and Women In Logistics, the speech was given to around 300 port stakeholders at Scott’s Seafood Restaurant in Jack London Square…
The Port of Gothenburg announced its inspection vessel Hamnen is set to be converted to run on electrical power as part of the port's wider plan to slash operational emissions.In service since 1979, the 20.3-meter-long Hamnen is owned and operated by the Gothenburg Port Authority…
Ports of Indiana has named Jody Peacock as the new chief executive officer for the statewide port authority which operates three ports on the Ohio River and Lake Michigan. The action was approved during today’s meeting of the Ports of Indiana Commission…
The Nordlotus sailed from Turkey's Ceyhan oil export hub loaded with Azeri crude on Monday, the first such shipment since earthquakes hit the region on Feb. 6, ship-tracking data showed and a trading source said.The tanker carried 682,500 barrels of oil and began loading on Feb…