Latest News - page 115

 

Crumbling Great Lakes Ports Infrastructure Makes Port Insurance Even More Critical

Apr 04, 2024

The state of Great Lakes port infrastructure is one of the biggest issues facing the U.S. and Canadian maritime industries. According to the America Great Lakes Ports Association, “Due to years of inadequate funding, the U.S. Army Corps of Engineers…

HMM Signs Clean Fuel MoU with Shanghai International Port Group

Apr 03, 2024

HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on the supply of methanol and LNG at Shanghai Port.HMM has committed to achieving net-zero emissions target for the entire business by 2050.HMM…

South African Court Rules on Sheep Inspections

Apr 03, 2024

South African animal welfare organization NSPCA has applauded a Judgment from the Eastern Cape Division of the High Court, Makhanda, affirming the NSPCA’s ability to screen all animals being readied for loading on the Al Messilah livestock carrier which docked in the East London Harbour on April 2…

VTTI to Control Italy's Biggest LNG Terminal, Snam to Get 30%

Apr 03, 2024

Energy storage group VTTI will get a 70% stake in Italy's biggest liquefied natural gas (LNG) terminal, with grid operator Snam owning the rest, the Milan-listed group said on Wednesday, announcing a deal to be finalised by year-end.Snam, which is controlled by the Italian government…

PIDP Funding Available for Port CHE Upgrades, Recharging Infrastructure

Apr 03, 2024

As emissions regulations across the country get stricter, port authorities can take advantage of more than $650 million in funding from the U.S. Department of Transportation Maritime Administration (MARAD). Grant dollars from the Port Infrastructure…

Great Lakes Iron Ore Trade Up 25.5% in March

Apr 03, 2024

Shipments of iron ore on the Great Lakes totaled 1.6 million tons in March, an increase of 25.5% compared to 2023, according to latest figures published by trade group the Lake Carriers’ Association (LCA). Loadings also topped the month’s 5-year average by 47…

Wallenius Wilhelmsen Sees Up to $10 Million Hit from Baltimore Disaster

Apr 03, 2024

Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week's U.S. Baltimore bridge collapse and expects the key ship channel to be closed for weeks, it said on Wednesday.The company…

Bridges Can be Protected from Ship Collisions – An Expert on Structures in Disasters Explains How

Apr 02, 2024

The MV Dali, a 984-foot, 100,000-ton cargo ship, rammed into the Francis Scott Key Bridge when leaving Baltimore harbor on March 26, 2024, causing a portion of the bridge to collapse.In an interview, University of Michigan civil engineer Sherif…

Second Channel Opened Around Collapsed Baltimore Bridge

Apr 02, 2024

Recovery teams opened a second channel enabling smaller vessels to navigate the Port of Baltimore on Tuesday but most commercial shipping remains blocked by the collapsed bridge and stranded container ship that brought the structure down a week ago…

Van Oord Duo Dredging in the Prinses Amaliahaven in Rotterdam

Apr 02, 2024

Van Oord’s cutter suction dredger Biesbosch and trailing suction hopper dredger Vox Apolonia are teaming up to dredge the Prinses Amaliahaven located on Maasvlakte in Rotterdam, the Netherlands.A consortium of Van Oord, HOCHTIEF and Ballast Nedam has constructed 2…

Hans Olav Raen Appointed CEO of Yara Clean Ammonia

Apr 02, 2024

Hans Olav Raen has been appointed CEO of Yara Clean Ammonia effective May 1, 2024.Raen has until now been Business Director and heading OCI’s fertilizers business in Europe. He has more than 25 years of experience in the fertilizer industry…

New Container Yards Completed at Houston's Barbours Cut Terminal

Apr 02, 2024

McCarthy Building Companies, Inc. has completed a $31.5 million upgrade of the Barbours Cut Terminal Container Yards 4 North and 5 North for the Port Houston Authority. The project was part of a modernization program to increase cargo handling efficiency…

S.Africa Citrus Exports Set to Rise Despite Infrastructure Crisis

Apr 02, 2024

South Africa expects to increase citrus exports this year as younger trees begin to produce and help to offset the impact of infrastructure challenges and higher input costs, the national growers' association said on Tuesday.The world's second…

China, India Boost Seaborne Thermal Coal Imports as Power Demand Surges

Apr 02, 2024

China and India lifted imports of seaborne thermal coal to three-month highs in March as the world's two biggest buyers took advantage of lower international prices of the fuel to meet strong domestic power demand.China, the world's biggest coal producer and importer…

ClassNK Announces Executive Appointments

Apr 02, 2024

ClassNK has carried out a regular reshuffle of its full-time executives, underlining its commitment to charting the maritime industry’s shift through a period of significant transformation. President & CEO Hiroaki Sakashita and Senior Executive…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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