Latest News - page 319

 

Lebanese Blast Investigator Charges Former PM, Top Public Prosecutor

Jan 25, 2023

The judge probing the 2020 Beirut blast has charged Lebanon's top public prosecutor, the then-premier and other senior current and former officials in connection with the devastating explosion, judicial sources said and court summons show.Judge…

Onshore Funding for US Offshore Wind

Jan 25, 2023

Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture…

Iron Ore Shipments Drop 13.1% to Start 2023

Jan 25, 2023

2023 has so far been a disappointment for the dry bulk shipping sector, despite hopes that a quick economic recovery in China would boost iron ore demand,. During the first three weeks of the year, iron ore shipments fell 13.1% year on year…

Investment Firm Arroyo Buys Into LNG Bunkering

Jan 24, 2023

Houston-based investment manager Arroyo Investors announced it has closed an investment in Seaside LNG and its affiliated entities, an integrated shore-side liquefied natural gas (LNG) liquefaction and bunkering platform in the U.S. Financial details were not disclosed…

Port of Virginia Orders Five Ship-to-shore Cranes

Jan 24, 2023

The Port of Virginia announced it finalized the terms of purchase for five new ship-to-shore cranes that are part of its equipment renewal plan.“In order to maintain our efficiency and competitive edge, it’s important to be continually upgrading with modern equipment…

Extreme Storms and Flood Events Cause Billions in Damage to Ports

Jan 24, 2023

Shipping ports are crucial for the global economy. They handle the majority of trade, are industrial and transportation hubs and provide employment. But ports, by their nature, are located in coastal areas or on large rivers and are exposed to natural hazards such as storms and floods as a result…

Jørgen Wisborg Named Blue Water Chairman

Jan 24, 2023

Jørgen Wisborg has been named chairman at Danish-headquartered transport and logistics group Blue Water, taking over from the company's founder and longtime head Kurt Skov.In September last year, Skov announced plans to find his successor, making it possible for him to slow down his work activities…

In Memoriam: E. John Michel, MRCM (DV) USN (Ret), Chief-of-the-Boat, Bathyscaph Trieste

Jan 24, 2023

REMEMBERING MY SHIPMATE JOHN MICHELWe met in January 1959 when I became the first Officer in Charge of the Navy’s newly acquired Bathyscaph Trieste and John was the first USN enlisted man to be assigned to the project.  We were based at the Naval Electronics Laboratory in San Diego…

Freeport LNG Says Texas Plant Repairs Completed

Jan 23, 2023

Freeport LNG, the second-largest U.S. liquefied natural gas exporter, on Monday said it had completed repairs to its Texas plant and asked U.S. regulators for permission to take early steps to restart the fire-idled facility.The closely-held…

US Limits Vessel Calls at BP Cherry Point Marine Terminal

Jan 23, 2023

The U.S. Army Corps of Engineers will modify the Department of the Army permit for the BP Cherry Point Marine Terminal’s North Wing dock to ensure complies with the Magnuson Amendment’s restrictions regarding the handling of crude oil at Puget Sound facilities…

Saudi Arabia Remains China's Top Crude Supplier

Jan 23, 2023

Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.China's crude…

Nigeria’s New Lekki Port Doubles Cargo Capacity

Jan 23, 2023

Three-quarters of the world is covered by water and up to 90% of world trade is seaborne. Seaports and shipping are critical to the conduct of global trade.Africa has relatively few natural harbours that offer shelter and are deep enough to take big vessels…

AD Ports Inaugurates Aqaba's First Cruise Terminal

Jan 23, 2023

The first and only cruise terminal in Aqaba was inaugurated with the arrival of the cruise vessel MSC Splendida carrying more than 2,000 visitors to Jordan.The new terminal marks the launch of the first of five strategic mega-projects planned…

RoRo ferry MV Tennor Ocean sets off for Test Voyage

Jan 23, 2023

MV Tennor Ocean, newbuilding 782, from Germany's shipyard Flensburger Schiffbau-Gesellschaft recently set off on test voyage on the North Sea and Baltic Sea. The 210-m RoRo ferry is on the move to Dock 3 at Lloyd Werft. During its week-long stay there…

Ship Recycling ticks up; Supply Needed

Jan 23, 2023

A degree of increased positivity has entered recycling markets this week, said GMS, as prices push on in both India (off the back of firming steel and settling currencies) and Bangladesh (off of a rising demand and a currency that has recently found its stability around BDT 105)…

Logistics News

Russian Grain Lobby Warns Black Sea Attacks Threaten Grain Security

Russian Grain Lobby Warns Black Sea Attacks Threaten Grain Security

France Selects Five Ports for $300M Floating Wind Investment

France Selects Five Ports for $300M Floating Wind Investment

July Russian Oil Exports From Western Ports Fall Amidst Black Sea Attacks

July Russian Oil Exports From Western Ports Fall Amidst Black Sea Attacks

Travis Niederhauser Appointed Company President at Phoenix

Travis Niederhauser Appointed Company President at Phoenix

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Sources: Brookfield Infrastructure is interested in a $5 billion purchase of Canadian pipeline operator NorthRiver.
Enbridge Canada has postponed plans for the second phase of Mainline's oil pipeline expansion
Air taxi developers turn to the military market amid delays in civil certification