DP World announced it is investing US$50 million (approximately ₩66 billion) to develop a new logistics center in Busan New Port.Construction of the facility in the 75,000-sqm land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026…
French shipping group CMA CGM said on Friday it was suspending its calls at Port au Prince due to the worsening security situation in the Haitian capital.The group, one of the world's largest container lines, will call at Lafito, 20 km from Port au Prince…
In February 2024, King Abdul Aziz Port in Dammam, Saudi Arabia, achieved a new record by handling 235,820 TEUs, an increase of 25.41% compared to the previous throughput of 166,956 TEUs in 2023.This marks the highest monthly handling in the history of the port…
Brazil is interested in exporting soy, corn and other products through Peru's China-controlled Chancay port, Peruvian Economy Minister Jose Arista said on Thursday, according to state news agency Andina.Brazilian Planning Minister Simone Tebet visited the port…
German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators…
Germany's liquefied natural gas (LNG) terminal in the Elbe River port of Stade expects its first floating regasification vessel (FSRU) to arrive early on Friday, the state-appointed manager of regasification terminals, said on Thursday.Germany…
TC Energy has agreed to sell its Prince Rupert natural gas pipeline project to two partners in Ksi Lisims LNG, a proposed Canadian export terminal, the North American pipeline operator said on Thursday.The pipeline project, which TC will sell…
HaiSea Marine, majority owned by Haisla Nation in partnership with Seaspan ULC, is celebrating the official naming and blessing of its new floating operations facility – which will be the home base for its fleet of three full-electric and two liquefied natural gas (LNG)-fueled tugboats…
ABB and crane builder Kuenz have secured the largest single order of automatic stacking cranes ever made by a European terminal, as part of the ‘phase 2’ expansion of APM Terminals Maasvlakte II facility in Rotterdam, the Netherlands.The companies…
Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleet’s capacity expansion. Today, just 626 ships provide 36% of the fleet’s capacity, and…
Despite mandatory international and national regulations on the transport of dangerous goods, these goods continue to be mis-declared or not declared, driving an alarming increase in ship fires. Addressing the need for improved safety measures…
With more ships heading around the Cape of Good Hope due to attacks in the Red Sea region and a shutdown in their main South African bunkering operations, Mercuria and Trafigura have started refuelling services in Mauritius, four sources said…
As a part of President Biden’s Investing in America agenda, the U.S. Department of Transportation’s Maritime Administration (MARAD) published a Notice of Funding Opportunity (NOFO) for $500 million in Federal Fiscal Year 2024 funding through MARAD’s Port Infrastructure Development Program (PIDP)…
Harland & Wolff has been chosen as the preferred bidder by the Falkland Islands Government (FIG) to support delivery of the islands’ port facility, known as FIPASS.The decision was announced by FIG following a sitting of its Executive Council earlier this month…
DP World operated International Container Transshipment Terminal (ICTT) at Cochin handled a record volume of 75,141 TEUs in February 2024, registering a 38% volume growth over February 2023.The substantial growth of cargo handled by ICTT is…
