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Latest News - page 207

 

Panama Canal Eyes Adding New Reservoir to Boost Ship Transits

Jun 04, 2024

The Panama Canal is exploring the construction of a new water reservoir that would provide capacity for 11 additional ship crossings, the administrator of the key global waterway said in a statement on Tuesday.The administration is also seeking to make its ship reservation system 'more permanent…

World Shipping Council Welcomes New SOLAS Regulations

Jun 03, 2024

The World Shipping Council (WSC) has applauded the recent adoption of amendments to SOLAS at MSC 108. Starting January 1, 2026, these amendments will require mandatory reporting of all containers lost at sea, setting a new standard for maritime safety and environmental protection…

Maersk Raises 2024 Guidance on Strong Demand

Jun 03, 2024

Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red Sea.Maersk now expects its underlying earnings before interest…

Maersk Faces Significant Port Congestion in Asia, Mediterranean

Jun 03, 2024

Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on Monday.As a result of that congestion, the world's second-largest container shipping company…

Inchcape Shipping Services Acquires Grieg Logistics

Jun 03, 2024

Port agency and marine services company Inchcape Shipping Services on Monday announced it has acquired Grieg Logistics AS from the Grieg Group, strengthening its presence in the NordicsUnder the new ownership, Grieg Logistics will continue to…

Full LNG Production Restored at Gorgon Facility in Australia

Jun 03, 2024

Chevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia, after a mechanical fault caused one production train to go offline in late April.'Chevron Australia has resumed full LNG production from…

Parts of River Rhine Closed to Shipping Due to High Waters

Jun 03, 2024

Parts of the river Rhine in southern Germany were closed to cargo shipping on Monday after heavy rains raised water levels, navigation authorities said.Rhine river shipping stopped around Maxau and Mannheim in south Germany, the German inland waterways navigation agency WSA said…

Onne Multipurpose Terminal Welcomes its Largest Container Ship

Jun 02, 2024

Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has handled the Kota Cempaka – the largest container vessel to conduct full operations in Eastern Nigeria.Operated by Pacific International Lines (PIL)…

Extreme Asian Heat Spurs LNG Demand Ahead of Summer Months

May 31, 2024

Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…

RWE to Explore Creation of Baltic Sea Offshore Wind Hub with Swedish Port

May 31, 2024

RWE and Smålandshamnar, which operates the Swedish Port of Oskarshamn, have signed a memorandum of understanding (MoU) to explore whether the port could serve as the offshore wind hub.The collaboration will assess if the port could be a suitable harbor for the logistics…

Singapore's Tuas Port to Add Three More Berths

May 30, 2024

Three new berths will start operations at Singapore Tuas Port later this year to tackle extended waiting times for ships after Red Sea shipping tensions boosted vessel arrivals, said Singapore's Maritime and Port Authority (MPA).The diversion…

Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks

May 30, 2024

Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli officials and government documents.Prime…

Compromise Agreements Yield over $2.3 Million in Penalties

May 29, 2024

The Federal Maritime Commission has entered into compromise agreements with three different companies resulting in the collection of more than $2.3 million in civil penalty payments, and commitments by each company to reform specific business practices…

Antwerp Euroterminal Readies Shore Power Facility

May 29, 2024

Antwerp Euroterminal (AET) is installing two shore power connections which, when operational in 2026, will be the first in Belgium for seagoing vessels.The two fixed shore power connections will be used by car carriers and con-ro vessels. AET…

US Regulator Seeks New Emissions Data from Venture Global LNG

May 29, 2024

U.S. liquefied natural gas (LNG) exporter Venture Global LNG must refile emissions data for its Calcasieu Pass 2 plant construction permits, regulators said on Wednesday.The Alexandria, Virginia-based LNG developer had not included the impact…

Logistics News

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

La Spezia Container Terminal Signs Contracts for Ship-to-Shore, Yard Cranes

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion

Encomara Squid Connection System Qualifies for Commercialization

Encomara Squid Connection System Qualifies for Commercialization

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

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