theDOCK to Launch New Fund Focused on Maritime Tech
Israeli maritime tech venture capital firm theDOCK said it plans to launch a second fund—Navigator II—that will focus on investments in digital solutions attending to the needs of maritime, supply chain and offshore operations.The maritime-focused startups backer, which closed its first fund, Navigator I, in 2018, said it has seen an accelerating deal flow of startups and compelling investment opportunities in the domain alongside impressive performance of past investments and more strategic investors expressing interest to become limited partners (LP) in the fund.
Santos Port Workers Delay Strike Threat
Union workers at Brazil's Santos port on Tuesday delayed a possible strike until next month, amid demands to know how soon they will be vaccinated against COVID-19, a union official said.Santos is South America's largest port and critical to Brazil's commodities exports.Union workers held a meeting on Tuesday to decide on whether to go on strike, with initial plans for a work stoppage this week.Bruno José dos Santos, president of the Sindestiva union representing port workers, told Reuters after the meeting that they would put off a decision on a possible strike and reevaluate if they were not
Pandemic Propels Makeover at Shipping Giant Maersk
Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday.Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart."I don't want to put a date to it, but I'm certain that our logistics business has potential to become just a big as ocean shipping measured in turnover…
DP World Says Congo Port Concession Terms Amended
Dubai state-owned port operator DP World said on Sunday it had agreed with the Democratic Republic of Congo to amend its contract for a 30-year port concession.DP World said the two sides had signed a term sheet summarizing the amendments following a review of some of the clauses signed in March 2018.DP World did not disclose what the amendments were, though said they were made to better support President Felix Tshisekedi's plans to develop the trade and logistic sector.DP World is set to start the development of the deep sea Banana Port…
Key Container Freight Index Hits Milestone
The Valencia Containerized Freight Index (VCFI) exceeds 2,000 points with a growth in April of 17.39%The Valencia Containerized Freight Index (VCFI) continues its upward trend, reaching 2,314.89 points in April, an increase of 17.39% over the previous month. In a global context marked by the generalized growth of freight rates, the VCFI links its ninth consecutive month of growth and exceeds two thousand points for the first time in its history since the index began in January 2018.
Van Oord, Beattie FRC Secure $83,5M Aberdeen Harbour Expansion Work
Aberdeen Harbour Board has awarded two new contracts for the construction of the South Breakwater and Crown Wall, with a total value of £60 million (USD 83,5 million)Dutch marine and offshore contractor Van Oord will act as the principal contractor for the 550-meter-long South Breakwater, and Scottish-based construction firm Beattie FRC will build the concrete Crown Wall along the length of the North Breakwater.Both structures will provide critical protection for vessels and operations within the Harbour expansion, ultimately protecting the port from a one-in-300-year storm.
DP World Says Agrees with Ethiopia to Develop Trade Corridor
Dubai's DP World said on Thursday it had signed a preliminary agreement with Ethiopia's transport ministry to co-develop logistics infrastructure in the East African state along a trade corridor connected to Somali semi-autonomous region Somaliland.DP World and its partners anticipate investing up to $1 billion over the next ten years building warehouses, silos and dry ports, the state-owned company said in a statement.The preliminary deal also includes plans to set up a joint venture logistics company.Further details of the joint venture, or how the projects would be funded were not disclosed
Bunge Announces Creation of Brazil Freight Digital Tool
Brazil's unit of U.S.-based grain trader Bunge announced on Thursday a partnership with logistics and technology provider Target for creation of a company focusing on the hiring of road freight digitally.The company will be called Vector, and the move comes one year after the launch of an application of the same name that was developed for Bunge to hire freight more efficiently.Brazil, the world's largest soybean producer and exporter, still largely relies on trucks to move grains…
Samskip Adds 1100 New Containers
Multimodal logistics company Samskip said it has added 1,100 containers to its fleet over recent months, further enhancing its capability to ship high value, temperature-controlled and perishable goods across the European markets and the rest of the world.The recent additions include 900 new 45ft high cube pallet wide containers, 100 45ft high cube reefer containers and 100 40ft high cube reefer containers. In total, Samskip now has more than 17,000 containers at its disposal.‘’The newly added containers in our fleet enable us to serve the bigger clientele with new and fresh stock…
CMA CGM Shuffles EMED EXPRESS 2 Intra Levant Service
French carrier CMA CGM announced the reshuffling of its standalone EMED EXPRESS 2 – Intra Levant service set up, connecting Lebanon, Syria, Egypt and South Turkey effective as from mid May. The service will be extended to Iskenderun, Mersin and Damietta.One vessel of 875 TEU nominal capacity will service the route on a 10-day rotation: Beirut (LBBEY) - Tripoli (LBKYE) - Lattakia (SYLTK) - Port Said East (EGPSE) - Damietta (EGDAM) - Iskenderun (TRISK) - Mersin (TRMER).First calls are as follows: Beirut…
Port of Corpus Christi Inks LNG Bunkering Deal with Stabilis
One of the United States' top oil export ports said it plans to build infrastructure for bunkering vessels fueled by liquefied natural gas (LNG).The Port of Corpus Christi Authority said it inked a memorandum of understanding (MOU) with Stabilis Solutions to facilitate the use of LNG as a marine fuel at the U.S. Gulf Coast port as vessels running on the cleaner-burning fuel become increasingly prominent among the world shipping fleet.The Port of Corpus Christi said some of the…
Maersk Expects Container Shipping Tailwind to Last Amid High Demand
Denmark's Maersk said on Wednesday it expected its "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States.Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand, resulting in record-high freight rates.The firm's shares traded 4% higher at 0921 GMT, near a record high reached last week."The situation today is that our customers are trying to meet a very…
Eco Wave Power Set to Install Wave Energy Tech in Port of Jaffa as Sea Wall Works Near Completion
Swedish wave energy development company Eco Wave Power said Wednesday it was nearly done with the wall reinforcement works, meant to enable the installation of floaters on the sea wall of the Port of Jaffa, Israel.The works so far have included clearing the top cement layer of the relevant sections of the sea wall, followed by adding two layers of steel rebars for reinforcement and finally, in several days (in accordance with weather conditions), the final step will be completed…
New LNG Bunker Barge Planned for Port of Tacoma
Puget LNG and GAC Bunker Fuels have signed a memorandum of understanding to cooperate in the supply of liquefied natural gas (LNG) marine fuel from Puget LNG’s terminal to GAC’s customers in the Pacific Northwest.When the Tacoma LNG Terminal becomes operational in the second quarter of 2021, it will be the first such terminal on North America’s west coast providing direct shoreside loading access for a bunker barge.GAC Bunker Fuels, a division of the Dubai-based GAC Group, will issue a Request for Proposal (RFP) for a Jones Act-compliant LNG bunker barge to be constructed…
Port of San Diego to Double Shore Power at Cruise Terminals
The Port of San Diego is doubling shore power capability at its B Street and Broadway Pier cruise ship terminals to improve air quality and reduce greenhouse gas emissions on and around San Diego Bay.The Board of Port Commissioners approved $4.6 million in funding for the project as well as various agreements related to equipment purchasing, construction and installment of additional shore power equipment that will allow two cruise vessels calling on San Diego to connect to shore power outlets at the same time.
Dry Bulk Performance: Pangaea Logistics (Again) Claims the Top Spot
Maritime Advisors, Liengaard & Roschmann have published for the third year running its Vesselindex Performance Report, ranking the listed dry bulk companies based on their TCE performance.In a year 2020 which was characterized by a high level of volatility it is noticeable that 17 companies managed to outperform the general market as defined by the Baltic Indices. U.S. listed Pangaea Logistics claims top spot for the third year in a row, competing against 24 other listed Dry Bulk…
Australian Coal Port's Loan Terms Linked to Social, Emissions Goals
Australia's Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.The world's largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement.The loan also contains metrics focused on mental health first aid…
Tidal Channel Into Bahia Grande Closed Until Fall
The pilot channel connecting the Bahia Grande tidal basin and the Brownsville Ship Channel will be closed until the Fall for major enhancements to increase tidal exchange and restore the Bahia Grande as a major fish, wildlife and waterfowl nursery, the Port of Brownsville announced.Access to the narrow waterway, also known as the Carl “Joe” Gayman channel, will be closed to the public beginning May 1, 2021 through early November when the project is expected to be completed.The Bahia Grande is a 10…
Australia Reviewing Lease of Darwin Port to Chinese Firm
Australia is reviewing the 99-year lease of a commercial and military port in the country's north to a Chinese firm, a government source said on Monday, a move that could further inflame tensions between Beijing and Canberra.Australia overhauled its foreign investment laws late last year, giving the government the retrospective power to impose new conditions or even force a divestment on deals that have already been approved.Defense officials are looking into whether the Landbridge Group…
Canadian Government Ends Montreal Port Strike
Striking dockworkers at Canada's second-biggest port will gradually return to work on Saturday, the Montreal Port Authority (MPA) said, after the federal government passed a law to end the walkout.Late on Friday, the Canadian government passed back-to-work legislation to halt the strike, which workers at the Port of Montreal began on Monday over changes to their work schedules."Our priority now is to plan for the resumption of port operations and to ensure efficient and seamless service…
Harren & Partner Names Nils Aden Managing Director
German shipping and logistics group Harren & Partner announced it has hired Nils Aden as managing director, effective May 1.Aden brings to the role more than two decades of know-how as a shipping industry executive in the industry, with experience from leadership positions in international ship management, transformation projects, M&A transactions and integration. In his previous assignments, he overlooked the merger of V.Ships and Norddeutsche Reederei H. Schuldt as Managing Director, led Zeaborn as CEO and transformed E.R. Schiffahrt as CEO into an international ship management player.
CMA CGM Orders 22 New Vessels from CSSC
French container shipping company the CMA CGM Group announced on Friday it has ordered 22 vessels from Chinese shipyard CSSC Group expected to be delivered in 2023 and 2024. The value of the order was not disclosed.The shipbuilding contract, which comes amid strong market growth in the container shipping sector, includes 12 ships powered by liquefied natural gas (LNG) and 10 to run on very low sulfur fuel oil (VLSFO), CMA CGM said. Six of the LNG-fueled box ships will be 13,000 TEU capacity, and the other six will be 15,000 TEU.
CDC 'Committed' to Restarting US Cruise Operations by Mid-summer
DP World Launches Wholesale E-commerce Platform
DP World, best known for operating ports around the world, has launched a wholesale e-commerce website that it hopes will become the global platform for businesses to buy and sell goods.The platform, Dubuy, aims to connect buyers and sellers around the world with goods offered for delivery via the supply chain of DP World and its logistics partners.Dubuy is already live in Rwanda and will soon be expanded to some east African countries including Ethiopia, Kenya and Uganda, before being rolled out across the continent.It will also be launched in markets outside Africa."We are multimodal.
CNC Launches Three New Intra-Asia Feeder Services
CMA CGM's Intra-Asia short sea shipping arm CNC announced the addition of Semarang Express (SRG), Palembang Express (PLM) and Bangkok Express (BMT) to its services portfolio.The newly introduced SRG will call at the ports of Singapore and Semarang twice a week. Importantly, the short- and long-haul cargoes onboard SRG can be connected to the regional and global network of the CMA CGM Group via the trans-shipment hub of Singapore. It will commence its first sailing on May 3 from Singapore with the following service rotation: Singapore–Semarang – Singapore.Through the PLM service…
i4 Insight Integrates Optimal Bunker Planning Data Through BunkerEx
A new alliance will provide shipowners and operators with real-time price, location and availability data to reveal cost-effective bunker options.i4 Insight, creators of a platform that provides a single point of access for multiple data streams and applications offering a holistic view of fleet operations, has formed an alliance with BunkerEx to incorporate optimized bunker planning data into the i4 Insight platform.The addition of BunkerEx to the i4 Insight platform will further help shipowners and operators realize greater voyage and operational efficiency and improved fleet performance.
IOMSR: First flag state to partner Eyesea ocean clean up initiative
The Isle of Man Ship Registry (IOMSR) has become the first flag state to formally back the Eyesea initiative, the not for profit organization formed last year to map marine pollution.The move will see the IOMSR director Cameron Mitchell become an ambassador of Eyesea while the registry, which is home to 10,000 seafarers aboard more than 380 vessels, has become a member. Eyesea aims to tackle pollution of the seas by collecting data in a newly developed app and reporting incidents of oil spills…
Alexander Cairo Port Completes Project Labor Agreement
The construction of a new inland port at the confluence of the Mississippi and Ohio Rivers took another step forward on Tuesday as the Alexander Cairo Port District completed a project labor agreement (PLA) with the Illinois AFL-CIO. The project labor agreement ensures that more than 500 jobs created by the construction of the Cairo port will be filled by local Illinois union workers.The Alexander-Cairo port represents one of the largest investments in Southern Illinois in decades.
Svitzer AMEA Appoints Benjamin-Lea as COO
On May 2, Tina Benjamin-Lea will take up the position as new COO in Svitzer’s AMEA region, reporting to Svitzer AMEA’s managing director, Nicolai Vinther Friis. Benjamin-Lea brings with her a wealth of experience within logistics after having worked for more than 30 years in the industry, focusing on cargo operations, chartering, ISPS and terminal operations.Nicolai Vinther Friis, managing director for Svitzer AMEA, said, “I am very pleased that Tina Benjamin-Lea is joining Svitzer AMEA as our new regional COO…
COSCO/OOCL’s CI1 Service to Call at APM Terminals Pipavav
APM Terminals Pipavav said it has secured CI1 (China-India Express) service operated by Cosco/OOCL. The weekly service to the Port Pipavav in India will carry Freights of all kind (FAK) for import and export to the Far East region. The first vessel, MV Beijing with the capacity of 9,500 TEUs will start sailing from Shanghai in April end and will call the port by end of May. This service will connect the hinterlands of west and north India with Far Eastern countries and provide an important connectivity to importers and exporters of Northwest India.
Industry Urges Government to End Montreal Dockworkers Strike
Dockworkers at Canada's second largest port on Monday began their second strike in less than a year, as business leaders urged Ottawa to quickly end a walkout they said could cost the economy C$25 million ($20 million) a day.The federal Liberal government said on Sunday it would introduce special legislation to end the strike at the Port of Montreal, hoping to stop it from hurting the economic recovery from the COVID-19 pandemic.Unionized workers, in talks for a new contract since 2018…
Abu Dhabi Ports Hires Banks for Dollar Bonds
Abu Dhabi Ports has hired banks to arrange an issuance of 10-year U.S. dollar-denominated bonds, which it will use for general corporate purposes, a presentation for investors seen by Reuters showed on Monday.Citi, First Abu Dhabi Bank and Standard Chartered will act as joint global coordinators. HSBC, Mizuho, Societe Generale, BNP Paribas, Credit Agricole and SMBC Nikko also have roles.The banks will arrange fixed income investor calls on Monday and Tuesday, a document from one of the banks showed.
Near-term Trading Environment Positive, DP World Says
Global port operator DP World on Thursday said the near-term trading environment was positive as it reported a 10.2% increase in first-quarter shipping containers volumes.The Dubai state-owned company handled 18.9 million shipping containers in the January-March period, compared to 17.2 million in the same period a year earlier."This performance is ahead of expectations and illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market," Chairman and Chief Executive Sultan Ahmed bin Sulayem said in a statement.
Russian Transport, Logistics Group Opens Dutch Hub
The RUSCON Group, a Russian container cargo transhipment and railway transportation service provider, has expanded its presence in Europe with the opening of new subsidiary in Rotterdam, the Netherlands. The new Dutch company, Smartcontainer B.V. offers customized logistics services and solutions to help European shippers optimize supply chain operations and to improve the quality and speed transportation of the containers transit between Europe and Russian and the Eurasian market.“Our new company of Smartcontainer B.V.
On a French Lake, Mariners Learn How Not to Get Stuck in the Suez Canal
Francois Mayor nudged back on the power and made a subtle adjustment on the wheel as he coaxed his cargo vessel through a narrow point in the Suez Canal—not the Egyptian one, but a replica in the middle of a French forest.This stretch of water was built to train ship captains and maritime pilots how to navigate the Suez Canal—a skill now in the spotlight after the Ever Given cargo ship got wedged in the Egyptian waterway last month in high winds and a sandstorm.The channel is built to one twenty-fifth the scale of a section of the real Suez Canal.
Kishorn Port Eyes Offshore Wind Opportunities as Expansion Plans Approved
Kishorn Port's proposal to extend the port’s dry dock has received approval from The Highland Council."This is a further and significant step in the regeneration of the port and dry dock," Kishorn Port, located on the North West coast of Scotland, said Tuesday.The development proposal involves an extension of the dry dock into adjoining land which, when completed, will allow the port to receive vessels and structures up to 250 meters in length in comparison to the current 160 meters.
UK: Port of London's Rodrigues Named Chair of Maritime and Coastguard Agency
The UK Secretary of State for Transport has appointed Christopher Rodrigues CBE as the new Non-Executive Chair of the Maritime and Coastguard Agency (MCA), the government agency responsible for preventing the loss of life on the coast and at sea, as well as producing legislation and guidance on maritime matters.Rodrigues brings extensive international experience as a chair of public, private, and government sector bodies in tourism, the arts, and public diplomacy and since 2016 as chair of the Port of London…
Libya's NOC Declares Force Majeure on Port of Hariga Exports
Libya's National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it could extend the measure to other facilities due to a budget dispute with the country's central bank.Daily lost income "may exceed 118 million dinars ($26 million)", NOC said in its statement.The port was expected to load about 180,000 barrels per day (bpd) in April, on board six tankers, according to a loading schedule.Libyan oil output hit 1.28 million bpd in March…
New Weekly Service from Port Pipavav to Jebel Ali
APM Terminals Pipavav secured PIC 2, a new weekly service from Port Pipavav to Jebel Ali marking seamless weekly connectivity to Jabel Ali. The new service is scheduled to reach Pipavav on every Wednesday through the ports of Jebel Ali, Kandla, Chennai, Tuticorin and Cochin. The cargos that will be carried for import and export will include agricultural products, scrap material, bitumen, B.Meat, white goods etc.Commenting on the commencement of new service, Jakob Friis Sorensen Managing Director APM Terminals Pipavav…
Talbert Joins JAXPORT Board of Directors
Jacksonville Mayor Lenny Curry has appointed Memorial Hospital President and CEO Bradley S. Talbert, FACHE to JAXPORT’s Board of Directors. Talbert’s appointment was unanimously approved by the Jacksonville City Council on April 13.An experienced healthcare executive and civic leader, Talbert has two decades of leadership experience at hospitals throughout the Southeast. Under his leadership, Memorial has earned final Accreditation as a Level 2 Trauma Center and completed more than $36 million in facility expansions.
Svitzer Americas Opens Regional HQ in Panama
Maersk's towage arm Svitzer announced it has opened a new Americas regional headquarters in Panama City.Svitzer said it decided early last year to relocate its Americas headquarters from Miami, U.S. to Panama and move into the Panama Design Center, which also houses other entities of the Maersk Group including Sealand Americas, APM Terminals, Hamburg-Sud, Twill, and Maersk Liner Operations Clusters.Arjen van Dijk, managing director of Svitzer Americas, said, “Panama is an important, strategic maritime hub with good infrastructure and easy connections to nearby countries and ports.
Port of Oakland Reports Record Cargo Surge
The Port of Oakland reported all-time high container volume for import and export cargo in the month of March amid an ongoing trade boom exploding through U.S. ports.The port said Oakland received the equivalent of 97,538 20-foot import containers in March. It said it shipped out the equivalent of 94,169 20-foot export boxes. Both totals were single-month records at the 94-year-old port. March imports were up 45% from the same month a year ago, the port said. March 2020 was when the port felt the initial impacts of the pandemic. Exports gained 12% year-over-year.
BIMCO: U.S. Economic Stimulus Have Worked Magic for Container Shipping
North American import of containerized goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fueled by US stimulus, volumes moving on the trans-pacific trade lane to consumers and businesses in North America thereby defied all obstacles during a month usually characterized by slow activity.In particular, the US economic stimulus packages have worked magic for the container shipping industry…
Montreal Dockworkers Stage Partial Strike
Canada's manufacturers on Monday asked the federal government to curb a brewing labor dispute after dockworkers at the country's second largest port said they will work less this week.Unionized dockworkers, who are in talks for a new contract since 2018, will hold a partial strike starting Tuesday, by refusing all overtime outside of their normal day shifts, along with weekend work, they said in a statement on Monday.The Canadian Union of Public Employees (CUPE) Quebec's 1,125…
French Container Shipping Firm Offers to Rebuild Beirut's Port Within Three Years
French container shipping group CMA CGM is pursuing a plan to rebuild Beirut's port within three years, despite political deadlock in Lebanon that has prevented decisions on the port since a blast last August, a company executive said.A chemical explosion at the port killed 200 people and destroyed entire neighborhoods, deepening Lebanon's worst political and economic crisis since the 1975-1990 civil war.CMA CGM's plan, first outlined to Lebanese authorities in September, envisages the reconstruction of damaged docks and warehouses…
Port of Gulfport Names Nass CEO
The Mississippi State Port Authority (MSPA) Board of Commissioners has named Jon Nass the new CEO and executive director of the Port of Gulfport, following a national search led by Tim McNamara, head of Odgers Berndtson’s Transportation and Infrastructure Practice in Washington, D.C. His tentative start date is June 1.“After nearly an eight-month process, the MSPA Commission is very pleased to announce we have selected a new executive director to lead the Port of Gulfport team,” said MSPA President E.J. Roberts.
Stena Livia Joins the Baltic Sea Fleet
The 186-meter Visentini RoPax vessel Stena Livia will initially join sister vessel Stena Flavia on the Nynäshamn-Ventspils route from mid-April, Stena Line announced. Later this year the pair will replace the existing tonnage on the ferry route between Travemünde and Liepaja, adding 40% freight capacity and shorten the crossing time substantially.During 2021 Stena Line is expanding its Baltic Sea operations with modern and large RoPax vessels being added to the two ferry routes from Latvia to Sweden and Germany.
Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos
A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were stuck when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.The suspension of sailings through the waterway left shipping companies - including container lines - with millions of dollars in extra costs…
CMA CGM Box Ship Sets Loaded Containers Record
French shipping company CMA CGM said its 23,000-TEU mega ship CMA CGM Jacques Saade has set a new world record for the highest number of full containers loaded on board a single vessel.The ultra-large containership (ULCS)—the world's largest powered by by liquefied natural gas (LNG)—departed the port of Singapore on Thursday carrying 21,433 full (20-foot equivalent units (TEU) on board, besting its previous record of 20,723 set in October.The vessel is currently en-route to Europe on the FAL 1 service…
SC Ports Records Its Strongest Ever Monthly Volumes
South Carolina Ports handled the most cargo in its history in March, with the Port of Charleston handling record volumes as the Hugh K. Leatherman Terminal begins operations.SC Ports reported an all-time container record for March, moving 248,796 twenty-foot equivalent units (TEUs) across the Port of Charleston’s Wando Welch and North Charleston container terminals. This is up 34% year-over-year — a significant increase from last March.The previous container record was set in August 2019, with 233,110 TEUs handled at the port.
Greece Launches Sale of Crete Port Stake
Greece on Monday launched a tender for the sale of a majority stake in a port on the island of Crete, a popular tourist destination in Europe.The conservative government has been keen to attract investment and upgrade its port facilities across the country after years of underspending and a decade-long financial crisis.Investors can submit expressions of interest for a 67% stake in the port of Heraklion, the busiest on Crete, by July 30, the country's privatization agency, which is managing the sale…
Germany to Propose Beirut Port Reconstruction with 'Strings Attached'
Germany will next week present a multi-billion-dollar proposal to Lebanese authorities to rebuild the Port of Beirut as part of efforts to entice the country’s politicians to form a government capable of warding off financial collapse, two sources said.A chemical explosion at the port last August killed 200 people, injured thousands and destroyed entire neighborhoods in Lebanon’s capital, plunging the country deeper into its worst political and economic crisis since the 1975-1990 civil war.According to two diplomatic sources with knowledge of the plans…
Jones Capital Acquires Rockport Terminals
Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone. With more than 250 acres of industrial land, Rockport Terminals boasts access to the Intracoastal Waterway, nearby railways and many major highways. Today, the terminal specializes in bulk liquids storage, bulk and break bulk…
Port of Southampton to Deploy Private 5G
One of the United Kingdom’s (UK’s) busiest ports is slated to deploy private 5G follownig an agreement between Verizon Business and Associated British Ports (ABP). Delivered in partnership with Nokia, Verizon’s private 5G platform will provide the Port of Southampton with a secure, low-latency private network connection.One of a network of 21 ports operated by ABP, the Port of Southampton is the UK’s number one port responsible for £40 billion in exports from the U.K. every year.
Port of Savannah Expanding Amid Swift Cargo Growth
The Georgia Ports Authority Board on Monday approved capital improvement projects that will increase the Port of Savannah’s container capacity by 20% amid unprecedented cargo growth.“Right now, we are moving container volumes that we did not expect to see for another four years,” said GPA Executive Director Griff Lynch. “Our employees are working very hard to ensure we continue to provide our customers with world-class service. Additionally, we are expediting capacity projects…
Port of Halifax Dives Into Data
A new project aims to leverage advanced AI and maritime enterprise software to enhance supply chain data for shipping at the Port of Halifax.BlueNode, which has developed an AI solution that optimizes maritime shipping, has partnered with Saab, the global port enterprise systems leader, for the Port Integration and Enhancement of Data (PIED) project, which will see BlueNode’s BNData application integrated with Saab’s maritime enterprise software to enhance and improve the data that the Halifax Port Authority generates and uses to operate one of Canada’s largest and busiest ports.
ICHCA International Taps Richard Steele as CEO
The International Cargo Handling Coordination Association (ICHCA) said it has appointed Richard Steele as the new head of ICHCA International. He will take over the role with effect from July 1, on the retirement of the current postholder Richard Brough O.B.E. Reporting directly to the board, Steele will lead the organization, which aims to help improve cargo handling throughout international supply chains and represents members of the cargo handling industry.Steele is a safety…
MARAD Announces $230 Million for Port Infrastructure Grants
The U.S. Department of Transportation’s Maritime Administration is encouraging states and port authorities to apply for $230 million in discretionary grant funding for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program (PIDP).“Our nation’s ports are a key part of our critical infrastructure. They create jobs and make our economy more resilient and sustainable,” said U.S. Secretary of Transportation Pete Buttigieg. “This funding…
How Shipping Ports Can Become More Sustainable
Marine shipping drives 90% of global trade, moving over 11 billion tonnes of containers, solid and liquid bulk cargo across the world’s seas annually. Almost all consumer products we buy — or the raw materials required to make them — arrive at Canadian ports via ship.Each year, Canadian port facilities handle about 340 million tonnes of goods, worth about $400 billion. Roughly 25% of Canadian exports and imports, by value, are transported by marine shipping.Despite their economic importance…
USTC Puts Digitalization on the Fast Track with BunkerEx Acquisition
USTC has acquired BunkerEx in a move to step up and streamline digitalization activities across USTC companies.BunkerEx caters to digitalization and transparency within logistics and transport, providing accessibility and optimization of online platform for fueling costs.“The acquisition of BunkerEx is a testament to our ambition to digitalize and be at the forefront of innovation and new technologies within the industry. We see great potential in BunkerEx and the team behind it…