CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal, to a consortium led by BlackRock and Italian billionaire Gianluigi Aponte's family-run shipping company MSC…
The London P&I Club has renewed calls on ship owners, operators and charterers to address potential risks when loading Flexible Intermediate Bulk Containers (FIBCs) containing dry chemicals. The warning follows a number of incidents reported…
The Georgia Ports Authority moved 5.7 million twenty-foot equivalent container units in fiscal year 2025 (July 1, 2024-June 30, 2025), an increase of 8.6 percent or 450,000 TEUs compared to the previous fiscal year. FY2025 was the Port of Savannah’s second busiest year on record…
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL)…
French shipping giant CMA CGM said on Tuesday it is interested in taking over some of CK Hutchison's ports after the Hong Kong conglomerate's exclusive talks ended with a consortium led by BlackRock this week.CK Hutchison agreed in March to sell the majority of its $22…
Latest data from Xeneta, an ocean and air freight intelligence platform, shows average spot rates from China to the US West Coast are down 59% since June 1, 2025, at USD 2 268 per FEU (40ft container). Rates have also plummeted into the US East Coast…
Port Houston, host of the fourth annual Houston International Maritime Conference (HIMC25), has announced Captain Richard Phillips as a featured guest speaker at this year’s event. Best known worldwide for his courageous stand during a harrowing…
Argentina, one of the world's largest grains suppliers, will next month send its first shipment of corn to China since Beijing green lit imports in 2023, according to data from local shipping agency NABSA seen by Reuters on Tuesday.The Association of Argentine Cooperatives (ACA)…
As U.S. ports face their annual surge in pre-holiday inventory arrivals, many are relying on propane-powered equipment to stay efficient, resilient, and cost effective. This surge in port activity comes just as the U.S. Department of Transportation…
The proposed inclusion of Chinese shipping giant COSCO in Hong Kong conglomerate CK Hutchison's contentious global ports sale is a potential win for Beijing in a strategic sector, but the deal is far from final and could face resistance from Washington…
The Port of Klaipėda has announced a request for expressions of interest (EOI) in the Klaipėda Southport Development Project, the most extensive expansion in the port’s history. This project aims to increase Klaipėda’s cargo handling capacity…
Tilla, a Berlin-based maritime tech startup, announced the successful closing of a USD$2.3 million (€2 million) funding round designed to accelerate the global expansion and innovation of its crew logistics platform. The round is led by global maritime venture capital firm Motion Ventures…
Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, opened its first office in Shanghai dedicated to its agency and maritime services arm – Noatum Maritime Services. The new office contributes to the Group’s international…
Iraq’s state oil marketer SOMO has identified several tankers suspected of loading petroleum products illegally from the ports of Umm Qasr and Khor al-Zubair, according to an official letter dated Sunday and seen by Reuters.The tankers allegedly…
AD Ports Group has signed a 50-year land lease agreement with Emirates Food Industries, a member of the National Holding Group.This collaboration will initially see the development of silos at Khalifa Port’s South Quay, further enhancing the port's capabilities…
