Port logistics firm HHLA said on Wednesday the German government has cleared the purchase by China’s Cosco of a 24.9% stake in a container terminal in the sea port of Hamburg, amid a political row over Chinese investment in the German economy…
India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at major ports in the drive to cut its carbon footprint, the shipping ministry said in guidelines issued on Wednesday.One of the world's biggest emitters of greenhouse gases…
“Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine…
Australia's Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar with the matter.The financial conglomerate…
The Port of Montreal made a series of flagship commitments with regards to carbon neutrality, territorial protection and improving the city-port interface at the 2nd annual Montreal Climate Summit underway at the Port of Montreal’s Grand Quay on May 9 and 10…
Austal USA promoted Chris Young to Vice President of Production Operations. Young, formerly Senior Director of Production, is a 26-year veteran of Austal with 19 of those years spent at Austal USA’s new construction manufacturing facilities in Mobile…
As the ship recycle market enters a period of contraction going into the traditionally weaker and quieter summer / monsoon months, sentiments have declined across the sub-continent markets (and even Turkey) this week, according to GMS. To compound the bearish ship recycling sentiments…
The European Commission has announced restrictions on the imports of Ukrainian wheat, maize, rapeseed and sunflower seed in Poland, Hungary, Romania, Slovakia and Bulgaria until June 5.The move led to Poland, Hungary, Slovakia and Bulgaria lifting…
Stena Line announced on Tuesday that it has acquired the operations of the ferry and RoRo terminals in the Port of Ventspils, Latvia, representing the latest in a range of investments in the Baltic region, including the addition of upgraded ferries and new ferry routes…
Completion of a pre-feasibility study by Provaris Energy and Norwegian Hydrogen has identified a low-cost project for the export of green hydrogen from Norway to Europe using Provaris’s compressed hydrogen floating storage and carriers.A preferred…
During his recent visit to the UK, Australian Prime Minister Anthony Albanese announced May 31 as the date of entry into force of the Australia-United Kingdom Free Trade Agreement (A-UKFTA).With its entry into force, there will be no tariffs on over 99% of Australian goods exported to the UK…
A Mexican national has been jailed for 22 years for his role in an attempt to import more than 600kgs of methamphetamine into Australia, concealed in rotting, raw cow hides.In 2019, Australian authorities seized the 668kgs of crystal methamphetamine hidden inside raw animal skins…
Port Houston has jumped from No. 7 to No. 5 in the Journal of Commerce’s ranking of top US container ports in terms of TEUs handled in 2022.Overall tonnage is up 4% through March compared to last year collectively for all of our terminals. “Our…
Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container volume to remain soft going into this autumn - when retailers like Walmart (WMT.N) should be well into holiday season preparations…
Russia has effectively stopped the Black sea grain deal by refusing to register incoming vessels, Ukraine's reconstruction ministry said on Monday.Ukrainian Black Sea ports were blockaded after Russia's invasion last year, but access to three…
