Latest News - page 172

 

Maersk Finalizes ECO Delivery Deal with Amazon

Sep 06, 2023

A.P. Moller - Maersk and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers (40,000 TEU) using green biofuel through Maersk’s “ECO Delivery” ocean product offering.Maersk estimates this purchase will contribute to a reduction in 44…

Great Lakes Iron Ore, Limestone Trades Rise in August

Sep 06, 2023

Shipments of iron ore and limestone on the Great Lakes for the month of August both increased compared to 2022, up 8.6% and 4.4% respectively, according to latest figures from the Lake Carriers’ Association (LCA).The 5.5 million tons or iron ore shipped in August was 3…

Tanker Becomes Europe's First to Connect to Shore Power

Sep 06, 2023

The Swedish port of Gävle recently became one of the first in the world to successfully connect a tanker vessel to a shoreside electricity system.The shore power connection solution was provided by Cavotec, based on new standards drawn up in cooperation with other ports and operators…

Panama Canal Water Levels at Historic Lows, Restrictions to Remain

Sep 06, 2023

The Panama Canal's water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in place for the rest of the year and throughout 2024, the waterway's authority said on Tuesday…

Port of Corpus Christi Promotes CFO Kent Britton to CEO

Sep 06, 2023

The Port of Corpus Christi on Wednesday named Chief Financial Officer Kent Britton as its new chief executive officer to head the largest U.S. oil-export port by volume.The appointment comes nearly four months after Sean Strawbridge, the previous chief executive…

Australia’s Portland to be Renewable Maritime Fuels Hub

Sep 06, 2023

Australia’s Victorian Government is backing a new feasibility study that could see Portland become home to one of Australia’s first green shipping fuel production hubs.Minister for Regional Development Harriet Shing announced the new study for a renewable fuel manufacturing hub in the portside city…

UK Insurers Join Cargo Safety Initiative

Sep 06, 2023

Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023…

Malaysian Authorities Lift Ban on Australian Cattle

Sep 05, 2023

Malaysian authorities have lifted the suspension of live cattle and buffalo exports from Australia that was enacted due to concerns over lumpy skin disease (LSD).This follows the provision of technical information to the Malaysian authority demonstrating Australia’s freedom from LSD…

bp Secures Remaining LNG Supply from Woodfibre’s British Columbia LNG Facility

Sep 05, 2023

bp has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on a free on board (FOB) basis…

IADC Presents Best Practices for Responsible Dredging Projects

Sep 05, 2023

The International Association of Dredging Companies (IADC) has produced a new paper: “Sand as a resource: Best practices to conduct responsible dredging projects” was initiated and presented by its Sustainability Committee.According to the UN Environmental Programme (UNEP)…

APM Terminals Lazaro Cardenas Begins $140 Million Expansion

Sep 05, 2023

APM Terminals Lazaro Cardenas has begun the construction of its Phase II $140 million expansion. This project will increase the capacity of the first semi-automated facility in Latin America with an additional one million TEUs and position it as a hub for the Americas region…

Port NOLA Awarded $947,280 FEMA Port Security Grant

Sep 05, 2023

The Port of New Orleans was awarded $947,280 in recently announced Port Security Grant funding from the Federal Emergency Management Agency (FEMA) to support the expansion and enhancement of emergency services for Port NOLA’s maritime and industrial operations…

Russia's Seaborne Diesel Exports on the Rise

Sep 05, 2023

Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…

PSA Mumbai Sets JNP Container Throughput Record

Sep 05, 2023

PSA Mumbai, one of the five container terminals operating at JNP, has set a record by handling 1,94,708 Twenty-foot equivalent units (TEU) in August 2023. This is the highest monthly container throughput ever handled by a single terminal in the entire JNP…

NAVTOR Hellas Launched

Sep 05, 2023

NAVTOR opened its 11th office with the arrival of NAVTOR Hellas. The Athens-based operation, situated at the Port of Piraeus, is an evolution of an existing, long-standing partnership with distributor Space Electronics. CEO Tor Svanes says the…

Logistics News

Algorithm Accountability

Algorithm Accountability

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Maersk Raises Full-Year Profit Forecast

Maersk Raises Full-Year Profit Forecast

World’s First Green Ammonia Bunkering Operation Completed in Dalian

World’s First Green Ammonia Bunkering Operation Completed in Dalian

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