Port Development News


Cosco Shipping Evaluating Impact of Peru's Lawsuit on Megaport Development

Mar 26, 2024

China's Cosco Shipping is evaluating the impact of a move by Peru's government to annual the exclusivity it holds over operations at the new Chancay megaport.Peru awarded exclusivity to Cosco Shipping to operate the port in 2021, but last week said it was an 'administrative error' and requested a judicial process to annul the decision. The Chinese company said in a statement late on Monday the push affects investment security in the Andean nation…

Peru's PM Says China-built Megaport Should Launch this Year After Dispute

Apr 04, 2024

A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The…

DP World to Build $50 Million Logistics Center in Busan New Port

Mar 17, 2024

DP World announced it is investing US$50 million (approximately ₩66 billion) to develop a new logistics center in Busan New Port.Construction of the facility in the 75,000-sqm land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026…

Biden's Pier for Gaza Aid Might Not be Ready for 60 Days

Mar 10, 2024

U.S. President Joe Biden's plan to build a floating U.S. military port to speed up aid to Gaza could take up to 60 days to become a reality and involve more than 1,000 American troops, the Pentagon said on Friday.The Pentagon offered the timeline…

US to Build Temporary Port to Deliver Gaza Aid

Mar 07, 2024

President Joe Biden will announce in his State of the Union speech on Thursday that the U.S. military will construct a temporary port on Gaza's Mediterranean coast to receive humanitarian aid by sea, senior administration officials said.Planning for the operation…

Herculaneum Port Site Cleared for Redevelopment as Intermodal Hub

Feb 26, 2024

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…

AD Ports Forges Trade & Infrastructure Partnerships in India

Feb 14, 2024

AD Ports Group announced the signing of strategic Memoranda of Understandings (MoUs) with Gujarat Maritime Board, and RITES Limited, a certified multi-disciplinary transport and infrastructure company. These MoUs cover a broad spectrum of collaborative ventures…

Construction Begins at the Future PSMO Port Near Paris

Feb 13, 2024

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…

Groundbreaking Ceremony Held for Kuala Linggi International Port Project

Jan 31, 2024

A groundbreaking ceremony marked the official start of construction for the RM15 billion (US$3.2 billion) Kuala Linggi International Port (KLIP) project in Malaysia.Scheduled for completion by 2027, KLIP's vision is to transform Kuala Sungai…

ABP Kicks Off Millbay Docks Transformation

Jan 31, 2024

The U.K.’s largest port operator announced it has commenced the first phase in a series of strategic infrastructure developments at Millbay Docks, within the Port of Plymouth.Associated British Ports (ABP) said the works—funded by the UK Government…

Port Saint John Completes West Side Terminals Modernization

Jan 29, 2024

Port Saint John announced its $205 million West Side Terminals Modernization Project has been completed on time and on budget.The infrastructure investment project at the west side container terminal—funded equally by the Federal Government…

Public-private Partnership to Expand Operations at JAXPORT’s Talleyrand Marine Terminal

Jan 22, 2024

JAXPORT on Monday announced its Board of Directors unanimously approved a long term, 30-year agreement with U.S. marine terminal and logistics company Enstructure for the lease and development of 79-acres of waterfront property at the port’s Talleyrand Marine Terminal…

APM Terminals to Develop Container Terminal at Plaquemines Port

Jan 12, 2024

Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options…

Vopak Consortium Selected to Operate New LNG Terminal in South Africa

Jan 10, 2024

South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay, state-owned Transnet National Ports Authority (TNPA) said on WednesdayThe Vopak Terminal…

Egypt Inks Deal with Abu Dhabi Ports Group to Develop Red Sea Port Terminals

Jan 04, 2024

Egypt has signed a deal with Abu Dhabi Ports Group for the company to develop, operate and maintain passenger and ship terminals at the Red Sea ports of Hurghada, Safaga and Sharm El Sheikh, its transport ministry said on Thursday.(Reporting by Moemen Said Atallah; Editing by Jan Harvey)

Logistics News

Cavotec Bags $5 Million Shore Power Order

Cavotec Bags $5 Million Shore Power Order

Ships Docked as Striking Greek Workers Protest Over Rising Costs

Ships Docked as Striking Greek Workers Protest Over Rising Costs

Animal Welfare Groups Call For Live Sheep Export Ban Timetable

Animal Welfare Groups Call For Live Sheep Export Ban Timetable

ONE Launches Green Shipping Solution ONE LEAF+

ONE Launches Green Shipping Solution ONE LEAF+

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