French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said.“With this finalized transaction and the decision to suspend all new bookings to and from Russia since March 1st, 2022, the CMA CGM Group will no longer be involved in any entities operating in Russia,” it said in an emailed statement.The deal was concluded on Dec…
The insolvency of a major storage terminal planned in northwest Europe has supported regional tank storage rates for diesel and gasoline, just as European traders rush to fill up diesel tanks ahead of a Feb. 5 ban on Russian fuel.Earlier this month…
The Port of Dundee’s new road salt import and distribution hub is handling 70,000 tonnes of road salt this year for distribution to Scotland’s regional depots via Scotland’s east coast ports.Forth Ports has imported millions of tonnes of road…
United Arab Emirates' Abu Dhabi Ports will help Kazakhstan to build a tanker fleet in the Caspian Sea, reducing the former Soviet republic's dependence on Russian transit, Kazakh state oil company KazMunayGaz said on Tuesday.KazMunayGaz and Abu Dhabi Ports have agreed to set up a joint venture…
The Port of Antwerp-Bruges reported 'stable' results for 2022 amid a challenging year fraught with geopolitical tensions, energy crisis and ongoing supply chain disruptions, in addition to various commodity flow shifts that put considerable sustained pressure on the container segment…
Last week, Liebherr-MCCtec Rostock GmbH delivered a new LHM 800 High Rise mobile harbor crane to its customer Port Esbjerg.The delivery took place shortly after an incident in the Kiel Canal, in which an LHM 600 ordered by Port Esbjerg was damaged while passing under the Holtenau High Bridge…
Oy Blomberg Stevedoring Ab, part of the KWH Logistics business group, has acquired a heavy Liebherr LHM 600 harbor crane for the Port of Vaskiluoto in Vaasa, Finland.The newly built €7 million crane, manufactured by Liebherr-MCCtec Rostock GmbH from Germany and delivered to Vaasa on December 22…
In January 2023 the Port of Valencia will conduct hydrogen tests for its refueling station. Technicians from Valeciaport, the National Hydrogen Center and the company Carburos Metálicos are taking part in this initiative, supervising this operation…
Boluda Towage has started towing services at the German port of Lubmin for the first installation of a floating LNG storage plant.The Deutsche ReGas LubminLNG import terminal will become the first operational FSRU-based facility in Germany.…
Excelerate Energy's floating storage and regasification unit (“FSRU”) Exemplar arrived at the port of Inkoo, Finland on December 28, 2022. The FSRU was previously loaded with a partial cargo of liquefied natural gas (LNG) which will serve as the initial commissioning cargo for the terminal…
The Port of Rotterdam said it will allow mixed berthing from the second week of January, opening up about 50 mixed berths for inland vessels carrying hazardous cargo.The move, which will allow so-called cone ships (named after the 1 or 2 blue…
United Nations aid chief Martin Griffiths said on Thursday it was unlikely the Black Sea grain deal would be expanded in the near term to include more Ukrainian ports or reduce inspection times.Kyiv has called for an expansion of the deal with…
Inland waterway shipping company HGK Shipping acquired the remaining 60% of BeKa HGK GmbH as of December 14, 2022, a strategic decision that the company says 'significantly intensify its business activities on the Upper Rhine, Danube and Mosel rivers in its dry shipping division…
Van Oord announced it has accepted delivery of its new trailing suction hopper dredger (TSHD), Vox Apolonia, from Keppel Singmarine Pte Ltd shipyard in Singapore.The newbuild is the second in a series of three new dual-fuel liquefied natural…
The German government has become divided over a deal, agreed last month, which saw Chinese conglomerate Cosco invest in the Port of Hamburg. The deal had been in the works since September 2021 and was championed by the chancellor (and Hamburg’s former mayor)…
