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Infrastructure News

 

'Mega Green Port' Project Planned in Åland

Feb 03, 2023

OX2 and the Bank of Åland’s mutual fund subsidiary Ålandsbanken Fondbolag, which are developing the Noatun North and Noatun South offshore wind power projects near Finland’s Åland archipelago in the Baltic Sea, have initiated a feasibility study…

DP World Inks Deal to Develop Deendayal Port Mega-container Terminal

Feb 02, 2023

DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast of India.The project involves the construction of a mega-container terminal at Tuna-Tekra through a Public Private Partnership (PPP)…

Port of Los Angeles Issues Draft RFP for New Cruise Terminal

Feb 01, 2023

The Port of Los Angeles announced it is inviting comments on a draft Request for Proposals (RFP) for the future development of a new Outer Harbor Cruise Terminal and redevelopment of the existing World Cruise Center on the LA Waterfront.“This…

Port of Corpus Christi Awarded Grants to Study Carbon Storage

Feb 01, 2023

The Port of Corpus Christi was awarded $16.4 million through the U.S. Department of Energy’s (DoE) Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative to evaluate the technical and economic feasibility of permanently storing captured carbon dioxide (CO2) from industrial operations…

Titan Acquires Pair of LNG Carriers for Bunkering Capability Retrofit

Jan 31, 2023

Titan, the independent supplier of low and zero-emission fuels, acquired two small scale LNG carriers – the Seapeak Unikum and Seapeak Vision – from Seapeak, the Canadian gas transportation company formerly known as Teekay LNG Partners. The…

Floating Wind to Drive U.S West Coast Port Developments

Jan 30, 2023

In recent State of the Port address, the first held since 2020, the Port of Long Beach’s Executive Director Mario Cordero discussed the port’s plan to support California’s emerging floating wind industry.The Port of Long Beach has not yet been identified as a marshalling port for any one project…

Freeport Gets US OK to Begin Steps to Restart LNG Plant

Jan 26, 2023

Freeport LNG, the second-biggest U.S. liquefied natural gas (LNG) exporter, got approval from federal regulators on Thursday to take early steps to restart its fire-idled LNG export plant in Texas.Freeport, however, has not yet sought permission…

Jawaharlal Nehru Port Gets $131 Million for Container Terminal Upgrade

Jan 25, 2023

The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) signed a $131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal located in Navi Mumbai Maharashtra to enhance international trade in India…

Methanol Bunkering Carried Out in the Port of Gothenburg

Jan 25, 2023

A milestone for the use of methanol as a marine fuel was achieved in the Port of Gothenburg on Monday, as methanol propelled vessel Stena Germanica was the first non-tanker vessel in the world to be bunkered with methanol ship to ship.“This is a door-opening demonstration…

Nigeria Opens 'Game Changer' Billion-dollar Deep Seaport

Jan 25, 2023

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations…

Onshore Funding for US Offshore Wind

Jan 25, 2023

Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture…

Port of Virginia Orders Five Ship-to-shore Cranes

Jan 24, 2023

The Port of Virginia announced it finalized the terms of purchase for five new ship-to-shore cranes that are part of its equipment renewal plan.“In order to maintain our efficiency and competitive edge, it’s important to be continually upgrading with modern equipment…

Extreme Storms and Flood Events Cause Billions in Damage to Ports

Jan 24, 2023

Shipping ports are crucial for the global economy. They handle the majority of trade, are industrial and transportation hubs and provide employment. But ports, by their nature, are located in coastal areas or on large rivers and are exposed to natural hazards such as storms and floods as a result…

Freeport LNG Says Texas Plant Repairs Completed

Jan 23, 2023

Freeport LNG, the second-largest U.S. liquefied natural gas exporter, on Monday said it had completed repairs to its Texas plant and asked U.S. regulators for permission to take early steps to restart the fire-idled facility.The closely-held…

Nigeria’s New Lekki Port Doubles Cargo Capacity

Jan 23, 2023

Three-quarters of the world is covered by water and up to 90% of world trade is seaborne. Seaports and shipping are critical to the conduct of global trade.Africa has relatively few natural harbours that offer shelter and are deep enough to take big vessels…

Logistics News

Ukraine Explores Using Baltic Ports for Grain Exports

Ukraine Explores Using Baltic Ports for Grain Exports

Few Countries Purchase Russian Wheat After Black Sea Trade Stalls

Few Countries Purchase Russian Wheat After Black Sea Trade Stalls

SGX, European Energy Exchange Offer Baltic Handysize Futures Contracts

SGX, European Energy Exchange Offer Baltic Handysize Futures Contracts

Supply Pressurei in Container Vessel Sector

Supply Pressurei in Container Vessel Sector

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Saudi Defence Fund accelerates maritime sector drive following Houthi Advance
Murmansk, a Russian Arctic port, will start shipping grain using fertiliser equipment
Sources say that traders are pushing for lower prices for Venezuelan crude oil, as shipping costs have risen.