Latest News - page 321

 

New Road Salt Hub at Port of Dundee

Jan 17, 2023

The Port of Dundee’s new road salt import and distribution hub is handling 70,000 tonnes of road salt this year for distribution to Scotland’s regional depots via Scotland’s east coast ports.Forth Ports has imported millions of tonnes of road…

Gas Starts to Flow to Freeport LNG Export Plant

Jan 17, 2023

Freeport LNG's long-shut liquefied natural gas (LNG) export plant in Texas started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.U.S. LNG exports have been steadily increasing for years and Freeport…

SAAM Towage Certifies Its Carbon Footprint

Jan 17, 2023

For the fifth year in a row, SAAM Towage was recognized by the Ministry of the Environment’s Huella Chile program for measuring and assuring its greenhouse gas (GHG) emissions during 2021.“Our commitment is to continually seek alternatives that…

Port Houston Posts Record Volume in 2022

Jan 17, 2023

Port Houston recorded its best year yet in 2022. Port Houston container annual volume was up 14%, reaching just shy of 4 million twenty-foot equivalent units (TEU), at 3,974,901 TEUs. This is nearly double the volume posted six years earlier in 2016 and 492…

Leveraging Data and Intelligence to Optimize Wood Pellet Delivery

Jan 17, 2023

Earlier in 2022, NORDEN was approached by a major European energy customer to ship wood pellets from the U.S. to a small port outside of Copenhagen, Denmark. However, port restrictions prevented Supramax vessels from entering the port, and NORDEN…

Kazakhstan Recruits Abu Dhabi Ports to Develop Caspian Tanker Fleet

Jan 17, 2023

United Arab Emirates' Abu Dhabi Ports will help Kazakhstan to build a tanker fleet in the Caspian Sea, reducing the former Soviet republic's dependence on Russian transit, Kazakh state oil company KazMunayGaz said on Tuesday.KazMunayGaz and Abu Dhabi Ports have agreed to set up a joint venture…

Baltic Dry Index Near Multi-year Low

Jan 16, 2023

The Baltic Exchange's main sea freight index was unchanged on Monday, languishing near the multi-year low touched last week, as a slight uptick in rates for larger vessels countered a fall in the supramax segment.The overall index, which factors in rates for capesize…

1,000 Ships Affected by Cyber Attack on DNV's ShipManager Software

Jan 16, 2023

Some 1,000 vessels have been impacted by a cyber attack on DNV's ship malmanagement and operations software, the classification society has confirmed.DNV said it shut down ShipManager’s IT servers in response to a ransomware attack that hit the software on January 7…

Singapore's Top Bunker Suppliers of 2022

Jan 16, 2023

Equatorial Marine Fuel Management Services Pte Ltd rose one spot to become the top marine fuel supplier at world's largest bunkering hub Singapore in 2022, official data showed on Monday.Equatorial overtook PetroChina International Singapore Pte Ltd…

DP World Predicts 15-20% Freight Rate Drop

Jan 16, 2023

DP World expects freight rates to drop by a further 15% to 20% in 2023 as demand slows, the Dubai-based global logistics company's deputy chief executive and chief financial officer Yuvraj Narayan told Reuters on Monday.Narayan said the first…

Electricity Constraints Force Canada's First LNG Terminal to Delay Renewable Shift

Jan 16, 2023

Shell PLC's LNG Canada export project in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and switch to electricity as more renewable power becomes available, a top executive said, a decision…

ABS Signs On Suez Canal's Green Program

Jan 16, 2023

ABS and the Suez Canal Authority (SCA) signed a Memorandum of Understanding (MoU) to develop a long-term sustainability roadmap and decarbonization strategy for the canal, one of the world’s busiest shipping routes.The MoU will see ABS and SCA…

Aggarwal Joins APM Terminals Pipavav as Managing Director

Jan 16, 2023

APM terminals Pipavav in India announced the appointment of Girish Aggarwal as the Managing Director of the company. Aggarwal has worked in leadership roles in multiple industries such as logistics, IT, consultancy services, and FMCG. He is…

Jackie Q. Carter to Serve as Director at Port Milwaukee

Jan 13, 2023

Milwaukee Mayor Cavalier Johnson has selected Jackie Q. Carter to serve as Municipal Port Director. In this position, Carter will direct commercial and recreational operations at Port Milwaukee, oversee a staff of twenty people, and administer Foreign Trade Zone No…

CHS, Cargill JV to Export Grains via Houston Terminal

Jan 13, 2023

Agribusinesses CHS and Cargill plan to expand the scope of their joint venture, TEMCO, by adding the Cargill-owned export grain terminal in Houston, Texas. The addition of the Houston terminal will expand the joint venture’s export capabilities…

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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Enbridge's Mainline volume increases helped it beat second-quarter profit expectations
IAG, the owner of British Airways, has seen its second-quarter profits drop 16% due to the Iran War.
Amadeus trims revenue forecasts for 2026 after beating profit expectations