French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company…
China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its port operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review.The sale by the Hong Kong conglomerate…
The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.Saturday's blast took place in the Shahid Rajaee section of the port…
A massive expansion of Mexico's largest seaport is under way as Mexican authorities bet on positive economic growth and the strength of global trade despite the gloomy outlook sparked by U.S. President Donald Trump's trade wars.The Mexican government…
There were 57 ships in the queue at the Port of Newcastle in Australia when the Pasha Bulker ran aground there in 2007.The coal ship was grounded for about three weeks before it was able to be towed away for repairs.The Pasha Bulker wasn’t the…
Maritime consultancy Drewry said on Thursday that it expects global container port volume to fall 1% as a direct result of U.S. trade policies.That would be the third drop in global container shipping demand since London-based Drewry began recording that data in 1979…
In a push toward decarbonizing maritime logistics, President Jae-young Byeon of the Ulsan Port Authority (UPA) and Chief Executive Sun-bae Hong of the Korea Maritime Cooperation Center (KMC) jointly announced the successful conclusion of the…
The Port of Oakland closed the first quarter of 2025 on a strong note. Total container volume rose 7.2% compared to March 2024, with Port operators handling 217,415 TEUs (twenty-foot equivalent units) in March 2025. That performance brings first-quarter volume to 601…
Singapore's PSA International is exploring the sale of its 20% stake in CK Hutchison's ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell.Tycoon Li Ka-shing's CK…
Net Feasa is pleased to announce the appointment of Sean Gavin to the role of President of the Company. This appointment comes at a pivotal time as the Company is poised for rapid growth through strategic partners across the globe.Prior to joining Net Feasa…
On April 17, 2025, the Office of the US Trade Representative (“USTR”) published a notice of action (the “USTR Notice”) implementing its port fee proposal, first announced on February 21, 2025. The rules differ substantially from the February proposal (summarized here)…
In the first quarter of 2025, Port of Antwerp-Bruges handled 67.7 million tonnes of cargo, a drop of 4.0% compared to the same period last year. This decline was largely driven by a sharp decrease in bulk volumes, while container throughput recorded growth…
Ports of Indiana has opened the Mount Vernon Railroad today, creating an unparalleled “mega-modal” opportunity for Southwest Indiana.The railroad is a partnership between OmniTRAX – the nation’s largest privately-held, family-owned rail transportation…
GCT Global Container Terminals has ordered 10 hybrid Konecranes rubber-tired gantry (RTG) cranes for its GCT Deltaport terminal and one battery-powered Konecranes RTG for its GCT Vanterm terminal. The agreements were signed in Q1 2025, and the 11 cranes will be delivered by Q3 2026…
The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance…
