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…
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)…
Victoria International Container Terminal (VICT), ICTSI’s operations at the Port of Melbourne in Australia, recently completed Phase 3A of its expansion project.VICT can now accommodate neo-Panamax container ships, the largest container vessels calling Australia…
Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels. The 9,300 CEU methanol dual fuel vessels can utilize alternative fuel sources…
Rotterdam World Gateway (RWG) container terminal will equip its entire quayside with shore-based power for all vessels, slashing emissions of particulates, nitrogen and CO2 while at berth.RWG, which is already fully automated and CO2 neutral…
Carnival Corporation announced plans for a $100 million pier extension that will double the arrival capacity of Celebration Key, Carnival Cruise Line’s new exclusive destination scheduled to open on Grand Bahama island in the summer of 2025…
The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement…
Georgia Ports Authority announced plans to invest $29 million in an overpass linking Ocean Terminal to Route 17 designed to keep terminal truck traffic from impacting local neighborhoods.The project is the outcome of joint collaboration among Georgia Ports Authority…
HAROPA PORT has started working on the construction of electricity supply connections for ships at the Le Havre cruise terminal.The purpose of the work planned for HAROPA PORT’s cruise terminal, dubbed Florida Point, is to assist the energy transition in the sea cruise sector…
Global container shipping line Evergreen Marine Corporation has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels…
Late last year Japanese maritime leaders – Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. – signed a series of contracts to buid the world's first ammonia-fueled medium gas carrier (AFMGC) equipped with Japan-make engines…
Ports of Stockholm announced it has been given the green light to apply for EU funding for three sustainability initiatives that primarily focus on the development of electricity infrastructure.Government approval has been given for all three applications from Ports of Stockholm…
“In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5 million DWT (27 product tankers) recycled in 2022. It was also the lowest level of recycling seen since records began in 1996…
Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174…
The Maritime and Port Authority of Singapore (MPA) has selected companies that will pilot their vessel charging concepts in Singapore.The selection follows the call for proposal (CFP) by MPA in August 2023 to develop, operate, and maintain e-HC charging points in Singapore…
