Brazilian port operator CLI concluded the payment of 1.4 billion reais ($263.43 million) on Monday to railway company Rumo SA for control of a grain terminal in Santos port, the company said.The deal is being funded by the acquisition of a 50% stake in CLI…
The owner of the second-largest U.S. liquefied natural gas (LNG) export plant has not yet provided regulators with a final repair plan, according to a person familiar with the matter, likely pushing any restart into the first quarter of next year…
Port Houston has proposed a new import dwell fee to reduce container dwell time in port amid surging cargo volumes.In a recent report to the Port Commission of the Port of Houston Authority, Executive Director Roger Guenther stated that Port…
The Port of Corpus Christi reports it set another tonnage record in the third quarter of 2022, driven in large part by record exports of crude oil.The new quarterly tonnage record of 48.3 million tons surpassed the previous tonnage record set in the second quarter of 2022 of 46…
Yemen's Houthi group is piling on pressure to extract economic gains in U.N.-led talks for an extended truce deal with attacks on oil ports in government-held areas, which officials say have disrupted crude exports, choking state revenues.Yemen's…
Around 600 workers at Liverpool port, one of Britain's busiest ports, will end strike action after agreeing a pay deal with employer Peel Ports, the Unite union said on Thursday.Unite said workers had voted 'overwhelmingly in favor' of pay rises worth 14…
Chile's San Antonio Terminal Internacional (STI) said that two new Super Post Panamax Ship To Shore (STS) cranes and two electric rubber tired gantry (RTG) cranes have set sail from Changxing Island in China.'The new cranes will make it possible to improve the competitiveness not only of STI…
Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”Peter, it seems like…
GAC Group opened the first of several planned offices in Spain, at the port of Algeciras. The move, which comes just three years after the opening of GAC Gibraltar, represents the latest step in the company’s European growth strategy.Located in the province of Cádiz…
DP World has opened a new technology center in Gurgaon, India, its third this year as it invests in developing next-gen global trade innovative.More than 240 people will be based at the new office, about 30-km southwest of India’s capital New Delhi…
A video shared by the Port of Vancouver shows a time-lapse of the land construction in the western expansion area at Centerm Terminal. The footage highlights construction from the start of the project in the summer of 2019 until the completion of the new land area in the summer 2022…
The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles, Port of Long Beach and C40 Cities have begun discussions to establish a green and digital shipping corridor between Singapore and the San Pedro Bay port complex. The corridor…
The Northwest Seaport Alliance announced its newest decarbonization effort as part of the Green Shipping Challenge at the 27th Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change held in the Egyptian city of Sharm el-Sheikh…
Greece is likely to cancel the sale of its northern port of Alexandroupolis, mainly due to the port’s upgraded role following the war in Ukraine, two sources with knowledge of the matter told Reuters on Monday.Greece in September received two…
Dubai-owned ports giant DP World intends to invest around $500 million to reduce carbon dioxide emissions in its operations by 700,000 tonnes over the next five years, state news agency WAM reported on Monday, citing the company's chairman and CEO Sultan Ahmed Bin Sulayem…
