The U.S. Army Corps of Engineers (USACE), Buffalo District awarded a $5.98 million contract to Michigan-based Walsh Service Solutions on March 10 to conduct dredging of the federal navigation channel in Cleveland Harbor.Dredging, which is scheduled to take place during two seasonal periods…
Shipping group Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers stranded in Russia, Chief Executive Soren Skou said on Tuesday.The company…
A.P. Moller-Maersk is looking to divest its 30.75% stake in Russian port operator Global Ports Investments due to Russia's invasion of Ukraine, Maersk's port unit APM Terminals said on Friday.Global Ports' shareholders include Russian state…
One of the leading port operators in Poland, Port Gdańsk Eksploatacja S.A., has signed a contract with Liebherr for a new LHM 550 mobile harbor crane. The machine will primarily be used for bulk handling. This is the 300th order of this crane type in total…
The Port of Rotterdam Authority said it is raising 55ha of land at Maasvlakte 2 for companies that make renewable fuels and chemical products.Marine engineering company Van Oord has recently started with the project. Finnish company UPM is making plans to establish its business here…
U.S. Army Corps of Engineers’ New York District seeks a contractor for maintenance dredging of portions of the Newark Bay, New Jersey, Federal Navigation Project.Plans and specifications are expected to be available in April, bid opening in May and a contract award in July…
If you’re interested in the inside track in the federal infrastructure world, check out the upcoming Legislative Summit being planned by AAPA – the American Association of Port Authorities, scheduled for March 29-31 at the Washington Marriott at Metro Center…
Net Income of $4.65 Billion, Adjusted EBITDA of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated…
Dutch Prime Minister Mark Rutte said that barring Russian ships from the port of Rotterdam was 'not on the table' for now, since any such move would have to be decided at a European level.Rutte made the comments to reporters, while on a visit to Paris…
Ukraine’s infrastructure ministry said on Monday that part of the Black Sea port of Olvia, which is under concession to Qatari sea port operator QTerminals, had been hit by a military “strike”.Nobody was wounded, the ministry said without providing further details…
The Port of San Diego has purchased two all-electric Konecranes Gottwald Generation 6 Mobile Harbor Cranes to replace the diesel-powered crane currently in use at the Tenth Avenue Marine Terminal (TAMT). The all-electric, battery-supported mobile…
Russia's war in the Ukraine and spiraling oil and marine fuel prices have conspired to drive the VCFI indes to its first loss in 18 months.Change of trend in the indicators that measure the evolution of container transport costs. Valencia Containerized Freight Index (VCFI) fell by 0…
In the William M. (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021, Congress amended the Port Infrastructure Development Program (PIDP) administered by the U.S. Maritime Administration (MARAD) to reserve to smaller…
The storied South Brooklyn Marine Terminal (SBMT) complex in Brooklyn, N.Y. will be transformed into a major regional hub for offshore wind under a new agreement signed Thursday.Energy companies Equinor and bp said they reached a deal with terminal…
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the availability of $25 million in funding for the America’s Marine Highway Program (AMHP), which supports the development and expanded use of America’s navigable waterways and will help improve U…