Latest News - page 132

 

Global Cruise Industry Sees Growing Demand, Wary of Port Protests

Jul 16, 2024

The global cruise industry expects to carry 10% more passengers by 2028 than the 31.7 million who took cruise holidays in 2023, when the sector surpassed pre-pandemic levels, but sees some routes exposed to protests over overtourism.Long criticized…

How Climate Change Can Affect the Global Supply Chain & Logistics Sector

Jul 16, 2024

Due to rising temperatures, droughts, floods and other climatic events, the logistics sector is requiring greater attention and adaptation from companies around the world. The potential for interruptions in the supply chain is sizeable and has become one of the sector's biggest concerns…

Spiraling Container Shipping Market Set to Peak

Jul 15, 2024

The dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiraling spot rates.Data released by Xeneta today, Monday, shows average spot rates from the Far East to US East Coast increased by 3…

Windward Launches Generative AI Solution

Jul 15, 2024

Maritime AI company Windward has joined the Amazon Web Services (AWS) ISV Accelerate Program and has collaborated with AWS to launch a generative AI solution. The solution leverages Amazon Bedrock to improve risk management for the shipping…

Holt Lock Closed Due to Stability Concerns

Jul 15, 2024

The Holt Lock on the Black Warrior River in Holt, Ala. is expected to be closed for as long as five more months after cracks and leaks were discovered within the lock infrastructure.The U.S. Army Corps of Engineers closed the lock on June 22…

CBP Cracking Down on Maritime Auto Theft

Jul 15, 2024

Each year, criminals try to smuggle countless stolen vehicles through U.S. ports, attempting to load them onto merchant vessels for destinations overseas.The U.S. Customs and Border Protection (CBP) has been cracking down on these efforts. During fiscal year 2023 (Oct…

US Army Corps of Engineers Names New Chief

Jul 15, 2024

The U.S. Army has selected Maj. Gen William H. 'Butch' Graham Jr.  to be its next chief of engineers and commanding general of the Corps of Engineers, Secretary of Defense Lloyd J. Austin III announced on July 10.Graham is currently serving…

US Importers Balk at Return of $10,000 Container Shipping Rate

Jul 15, 2024

The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble.The Drewry…

New General Manager Appointed at San Antonio Terminal Internacional

Jul 14, 2024

San Antonio Terminal Internacional (STI) in Chile has announced that Andrés Albertini, the current commercial manager, will take over as general manager of the port terminal on August 1.Albertini holds a degree in industrial engineering with a major in mechanics from Universidad Santa María…

Italy's New FLNG Terminal to Be Operational by March 2025

Jul 12, 2024

Italy's gas grid group Snam SRG.MI said on Friday it expected a new liquefied natural gas (LNG) terminal to become operational by March 2025, allowing the country to diversify further its energy supplies.The floating terminal in the Adriatic…

New Cruise Terminal to Be Built in Port of Klaipėda

Jul 12, 2024

Lithuania's Port of Klaipėda said it is moving forward with plans to build a new cruise ship terminal following the conclusion of screening procedures for the assessment of potential environmental impacts.The Environmental Protection Agency…

Adani Aims to Complete Phase One of Long-delayed Port by Year-end

Jul 12, 2024

Adani Ports expects to complete the first of four phases of a key transshipment container port in southern India this year, it said on Friday, firming the timeline for a project already delayed by six years due to protests by locals.The Vizhinjam…

Delft Students Cross North Sea on Self-Built Hydrogen Boat

Jul 12, 2024

On July 11, 2024, Dutch students from the TU Delft Hydro Motion Team arrived in Ramsgate with their self-built hydrogen boat, becoming the first to cross from the Netherlands to England with a fully hydrogen-powered vessel, making the nearly 169-km journey across the North Sea on a single tank…

Damen’s New Dredger Starts Work in Indonesia

Jul 12, 2024

Damen’s new cutter suction dredger, the first of Damen CSD600 series, has started operations in Indonesia.The dredger was transported from Rotterdam, the Netherlands to Indonesia as deck cargo on a heavy lift carrier.The stationary dredger, which has been named Jhoni 58…

Adani Ports to Invest in Transshipment Terminal, Bloomberg News Reports

Jul 11, 2024

India's Adani Ports and Special Economic Zone plans to ramp up its investment to 100 billion rupees ($1.20 billion) to boost its southern India transshipment container port, Bloomberg News reported on Thursday.The investment in Vizhinjam port…

Logistics News

Lee Wise Named President of W.S. Darley & Co.

Lee Wise Named President of W.S. Darley & Co.

Russia Attacks Damage Ukrainan Civilian Ship, Black Sea Port Facilities

Russia Attacks Damage Ukrainan Civilian Ship, Black Sea Port Facilities

Cocoa Prices Jump as Ivorian Port Arrivals Crawl

Cocoa Prices Jump as Ivorian Port Arrivals Crawl

d’AMICO Orders Pair of Eco Design Vessels

d’AMICO Orders Pair of Eco Design Vessels

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KKR and Kreate have completed the purchase of South Korea’s Cheongna Logistics Center