Latest News - page 108

 

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…

Rumo to Sell Stake in Brazil Port Terminal to Bunge, Zen-Noh for $115 Million

May 29, 2024

Brazilian railway operator Rumo agreed to sell its 50% stake in a terminal at the Santos port to a consortium formed by Bunge's local unit and Zen-Noh Grain Corp for 600 million reais ($115.3 million), it said on Wednesday.In a securities filing…

Copenhagen Malmö Port Adds New Straddle Carriers

May 29, 2024

This week, Konecranes officially handed over eight hybrid Konecranes Noell Straddle Carriers to Copenhagen Malmö Port (CMP). These straddle carriers were ordered in Q2 2023 and are intended for the new container terminal in Copenhagen. The parts…

U.S. Gulf Coast Imports of Straight-Run Fuel Oil at Record

May 28, 2024

Imports of straight-run fuel oil (SRFO) to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks, according to data from ship tracker Kpler…

SeaPort Manatee Orders Two New Mobile Harbor Cranes

May 28, 2024

SeaPort Manatee will bring extra capacity to container and general cargo handling at their operations in Tampa Bay, Fla. with two Konecranes Gottwald ESP.7 Mobile Harbor Cranes. After they ordered the first crane in Q1 2024, the port quickly…

Red Sea Dissruptions Are Driving Up Carbon Emissions

May 28, 2024

A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, sending them on longer journeys that drive up their carbon dioxide emissions.For companies struggling to account for – and lower –…

Taking the Long Route: Panama Canal Logjam Slams Bulk Carriers

May 28, 2024

Capacity reduction on the Panama Canal have hurt dry bulk market, with dry bulk carrier transits down significantly (down 74% in the Q1 '24 vs. '23, with sailing distances up 31% and cargo volume down 25% year on year, according to BIMCO shipping analyst Filipe Gouveia…

Container Vessel Bunkered with Methanol During Cargo Operations

May 27, 2024

X-Press Feeders, Global Energy Trading Pte Ltd (GET), and PSA Singapore (PSA) have successfully completed the first simultaneous methanol bunkering and cargo operation (SIMOPS) in Singapore on May 27, 2024.The SIMOPS was conducted at the new…

Cyprus Scraps $1.3 Billion Port Concession

May 27, 2024

Cyprus has scrapped a 1.2 billion euro ($1.30 billion) concession agreement for the development of Larnaca port, in a legal wrangle that the state and the contractor traded blame for on Monday.Operator Kition Ocean Holdings held a long-term…

Stena Prosperous Bunkers Methanol in Singapore

May 26, 2024

Singapore is one step closer to developing its full capability to deliver methanol bunkering at a commercial scale. Close to 1,340 metric tonnes (MT) of blended methanol was bunkered ship-to-ship on May 24, and there will be another operation…

Green Marine Lays Foundation for its New Global Structure

May 26, 2024

Green Marine International is the newly formed corporation and governance structure overseeing the Green Marine and Green Marine Europe environmental certification programs, the maritime industry’s voluntary initiatives to advance environmental excellence beyond regulations globally…

Logistics News

US Imposes Additional 25% Tariff on Indian Goods

US Imposes Additional 25% Tariff on Indian Goods

Russia to Increase Oil Exports After Drone Strikes Shut Refineries

Russia to Increase Oil Exports After Drone Strikes Shut Refineries

Port of Richmond Issues Request for Proposals for Historic General Warehouse

Port of Richmond Issues Request for Proposals for Historic General Warehouse

Expeditors Shares Q2 Results Above Estimates Helped by Higher Freight Volumes

Expeditors Shares Q2 Results Above Estimates Helped by Higher Freight Volumes

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