France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore, announced last year, closed on Thursday at a final price of 4.85 billion euros ($5.25 billion) after debt and cash adjustments.The…
Transnet National Ports Authority (TNPA) to invest R233 million to upgrade road infrastructure that had deteriorated due to an influx of trucks in the Port of Durban.The Port of Durban handles approximately 60% of South Africa’s total container volumes…
Odfjell Terminals US (OTUS) reports it has completed the construction and commissioning of its Bay 13 at the Houston Terminal (OTH), adding nine new tanks, with a combined capacity of 204,000 barrels. The new tanks are a combination of stainless steel and carbon steel…
Imports of fuel oil bound for the U.S. Gulf Coast fell to a five-year low last month as refiners ran more cheap, heavy Canadian crude and geopolitical tensions in the Middle East pressured fuel oil flows.Fuel oil deliveries to the Gulf Coast dwindled in February to just 318…
Venezuela's oil exports slightly increased in February to some 670,000 barrels per day (bpd), but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.State-run oil firm…
Alongside rail partners and support from state leaders, SC Ports is investing in rail capacity throughout the state to efficiently handle goods.Construction of the future Navy Base Intermodal Facility is well underway in North Charleston. Opening in July 2025…
A bottleneck of vessels waiting to load crude and fuel in Venezuela has increased in recent weeks as state-run oil firm PDVSA struggles to deliver cargoes on time, according to people familiar with the matter, documents and shipping data.PDVSA has sought to ramp up shipments this month…
A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River…
Around 160 tons of Ukrainian grain was destroyed at a Polish railway station amid large-scale protests in what a senior Ukrainian official said on Sunday was an act of 'impunity and irresponsibility'.Polish farmers protesting this month against…
Brazil’s Porto Chibatão has taken delivery of four cranes from Liebherr which are now part of a fleet of 16 barge-slewing cranes in operation at the port.The port spans one million square metres. Its static load capacity stands at 40,000 TEUs…
Carnival Corporation announced plans for a $100 million pier extension that will double the arrival capacity of Celebration Key, Carnival Cruise Line’s new exclusive destination scheduled to open on Grand Bahama island in the summer of 2025…
Cammell Laird has secured a £2 million contract to build two mooring dolphins on the River Mersey for Stanlow Terminals.Stanlow Terminals is a division of Stanlow Oil Refinery operator EET Fuels. A mooring dolphin is a standalone structure that…
Georgia Ports Authority announced plans to invest $29 million in an overpass linking Ocean Terminal to Route 17 designed to keep terminal truck traffic from impacting local neighborhoods.The project is the outcome of joint collaboration among Georgia Ports Authority…
HAROPA PORT has started working on the construction of electricity supply connections for ships at the Le Havre cruise terminal.The purpose of the work planned for HAROPA PORT’s cruise terminal, dubbed Florida Point, is to assist the energy transition in the sea cruise sector…
Construction work for the PSMO (Port Seine Métropole Ouest / Western Metropolitan Seine Port) has officially commenced in the Yvelines département, about 60 kilometers from Paris.Located at the confluence of the Seine and the Oise rivers, The…