Port Development News

 

Peru's Chinese-built Mega Port to Soft Launch in Late November

Oct 21, 2024

Peru's massive Chancay port, which authorities hope will become a major shipping hub for South America-Asia trade, will ship two container ships a week beginning late next month, an executive for port operator Cosco Shipping said on Friday.After the port's inauguration in mid-November, it will initially cover a direct route to Shanghai and then may ship to other points in the Asian market, depending on demand…

Stena Line and ABP to Build Freight Ferry Terminal at Port of Immingham

Oct 15, 2024

Swedish ferry operator Stena Line, in partnership with Associated British Ports (ABP), has announced plans to move forward with an investment exceeding £200 million to construct a new freight ferry terminal at the Port of Immingham. This development…

DP World Moving Forward with $1.3 Billion UK Port Investment

Oct 14, 2024

Port and logistics firm DP World is going ahead with a 1 billion pound ($1.3 billion) investment in its London Gateway port, Britain's government said on Sunday after reports last week that the company had paused the project in protest.In what…

New Container Quay to Be Built at Port of Valencia

Oct 10, 2024

Dutch dredging and marine construction contractor Jan De Nul Group on Thursday announced it has signed a contract with the Valencia port authority for a new container quay in the port's northern extension. The maritime contractor will carry…

Port of Gothenburg Completes Major Expansion Project

Sep 18, 2024

A brand new 144,000 square meter port terminal has been inaugurated at the Port of Gothenburg. The investment, amounting to approximately 60 million EUR, has been under construction for the past six years and was made to meet the increased transportation needs of Swedish industry…

Jefferson County Port Authority Buys Land for New Mississippi River Terminal

Sep 13, 2024

The Jefferson County Port Authority (JCPA) has finalized the purchase of approximately 18 acres along the Mississippi River in Herculaneum, Missouri, in a $20 million deal with Riverview Commerce Park, LLC (RCP). This acquisition marks the establishment…

New Deepwater Berth Opens to Accommodate Offshore Wind Vessels in New Bedford

Aug 29, 2024

The New Bedford Foss Marine Terminal (NBFMT) this month opened its first deepwater berth to accommodate vessels serving North America’s emerging offshore wind sector.This milestone, reached after two years of demolition and construction, marks…

Poland Will Build Port for Nuclear Power Plant

Aug 29, 2024

An agreement regarding the multi-sector project Marine Off-Loading Facility “MOLF”, which is an element of the infrastructure accompanying the construction of the first nuclear power plant in Poland at the Lubiatowo-Kopalino location, was signed in the presence of Dariusz Klimczak…

Yilport Planning $1.6 Billion Ports Expansion in El Salvador

Aug 12, 2024

Turkish holding company Yilport will invest an expected $1.62 billion to expand two ports in El Salvador and operate them jointly with the local port authority, the government of the Central American country said.Salvadoran President Nayib Bukele…

Partners to Develop LNG Terminal on Mexico's West Coast

Aug 07, 2024

Energy company GFI LNG and energy infrastructure developer Pilot LNG announced a partnership to develop, construct and operate a small-scale liquefied natural gas (LNG) terminal in Salina Cruz, Mexico.The partners said they plan to commence…

Port of Rotterdam to Support Curaçao Industrial Zone Redevelopment

Jul 17, 2024

Port of Rotterdam Authority will contribute to the redevelopment of the lands owned by the state-owned company Refineria di Kòrsou (RdK). In addition to traditional uses, these lands will be used for several new future-proof sustainable economic activities…

New Cruise Terminal to Be Built in Port of Klaipėda

Jul 12, 2024

Lithuania's Port of Klaipėda said it is moving forward with plans to build a new cruise ship terminal following the conclusion of screening procedures for the assessment of potential environmental impacts.The Environmental Protection Agency…

Adani Aims to Complete Phase One of Long-delayed Port by Year-end

Jul 12, 2024

Adani Ports expects to complete the first of four phases of a key transshipment container port in southern India this year, it said on Friday, firming the timeline for a project already delayed by six years due to protests by locals.The Vizhinjam…

Construction of Germany's First Land-based LNG Terminal Starts

Jun 28, 2024

The construction of Germany's first land-based liquefied national gas (LNG) terminal at the inland port of Stade kicked off on Friday with the goal of starting operation in 2027, said the project firm Hanseatic Energy Hub (HEH).The project on…

India Approves $9-billion Port to Boost Trade with Europe

Jun 19, 2024

India's cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country with Europe by sea and rail links through the Middle East.The Vadhavan port will be built on India's western coast…

Logistics News

NOV '24 US Transport Unemployment Up Again, now above Pre-Pandemic benchmark

NOV '24 US Transport Unemployment Up Again, now above Pre-Pandemic benchmark

Massive Wheat Buyer puts Imports in Miltary Agency Hands

Massive Wheat Buyer puts Imports in Miltary Agency Hands

US Diesel Exports to ARA Set to Rise

US Diesel Exports to ARA Set to Rise

Baltic Index Snaps Losing Streak on Larger Vessel Rate Rise

Baltic Index Snaps Losing Streak on Larger Vessel Rate Rise

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