DP World has taken a new leap in its drive to open up new markets and offer innovative trade solutions with the opening of a technology center in Bangalore, India.The new Bangalore office is the second technology center to be opened by DP World this year…
Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020…
Global Ports Holding PLC, the world's largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from Swiss-based MSC Mediterranean Shipping Company.Shares of the London-listed company closed up…
Sudan recently signed a memorandum of understanding (MOU) with the United Arab Emirates for a large agricultural project linked by a road to a new port to be built on the Red Sea, the Sudanese Finance Minister said on Wednesday.The two sides were now working on the details of the project…
All 21 ship-to-shore cranes at Panama’s Manzanillo International Terminal will be equipped with ABB Crane OCR technology, including container feature recognition capabilities. Building on the long-term relationship between ABB and SSA Marine…
Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022…
The union and employers negotiating the contract for more than 22,000 port laborers on the U.S. West Coast on Tuesday said they are committed to reaching a deal and are not planning any work stoppages or lockouts that would worsen supply chain logjams…
The Port of Helsinki announced it is tightening the timeline for its carbon neutrality program and is now aiming to be carbon neutral by 2030.“We will minimize our own energy consumption through modernizing heating, moving to LED lighting and increasing self-produced solar power…
DP World is to operate a logistics park at the Saudi Arabian port of Jeddah, according to the kingdom's port authority which on Monday invited media to the contract signing on June 19.The invitation said it was DP World's first logistics park in Saudi Arabia…
Avenir LNG announced its wholly owned subsidiary Avenir Marine has organized the first LNG and BioLNG delivery in the Port of Lübeck, Germany. On June 10, the chilled fuel was bunkered into TT-Line’s new RoPax ferry Nils Holgersson at the Scandinavian quay of the Baltic Sea port…
A explosion occurred on Wednesday at the Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, according to police, and prompting an evacuation of nearby residents in Quintana, Texas.The plant can process up to 2.1 billion cubic…
A new port container barge concept being offered by Durban's Sandock Austral Shipyards aims to improve the way containers are handled in South Africa’s ports, ultimately leading to less road congestion and faster turnaround times for imports and exports…
The U.S. Federal Maritime Commission (FMC) said it is establishing three new initiatives that will provide enhanced assistance to shippers, continue to improve legal and regulatory compliance of regulated entities, and focus on remedies to supply chain problems…
The Federal Maritime Commission approved a settlement agreement reached between its Bureau of Enforcement (BoE) and Hapag-Lloyd AG (Hapag-Lloyd) where the ocean carrier will pay a $2 million civil penalty to address alleged violations related to their detention and demurrage practices…
Ukrainian President Volodymyr Zelenskiy warned that millions of people could starve because of a Russian blockade of Ukraine's Black Sea ports which he said had left the world 'on the brink of a terrible food crisis.'Russia has seized large parts of Ukraine's coast…