Lebanon has awarded France's CMA CGM CMACG.UL a contract to develop and operate the container terminal in Beirut port for 10 years, including plans to rebuild and expand infrastructure damaged in a massive chemical explosion in 2020.CMA CGM said it would invest $33 million…
Canada-based oil company CGX Energy OYL.V will begin dredging and building the docks of a key deepwater port at Berbice, in eastern Guyana, planned to serve the South American nation's oil and agriculture sectors, the firm's chairman said on Wednesday…
Egypt is working to improve the Suez Canal by making an additional 10 kilometers accessible to two-way traffic, while widening and deepening another 30 kilometers, the chairman of the authority managing the waterway said on Tuesday.Suez Canal Authority Chairman Osama Rabie…
The JAXPORT Board of Directors on Monday unanimously approved a 20-year, $60 million agreement between Ceres Terminals and JAXPORT for the lease and modernization of the TraPac Jacksonville container terminal in Jacksonville, Fla.In a separate transaction…
Chinese iron ore futures dived more than 8% late on Friday after the country's regulators and industry association issued warnings against recent unusual price moves of the key steelmaking ingredient.Earlier on Friday, the National Development and Reform Commission (NDRC)…
Two tankers carrying gasoline loaded in Antwerp, Belgium, have turned back to their load-port after initially being destined for Lagos in Nigeria, Refinitiv Eikon ship tracking and sources said on Friday.The two tankers, STI Symphony and Velos Diamantis…
Kanoo Africa, a segment of Kanoo Shipping—a division of Yusuf bin Ahmed Kanoo—has been nominated to provide logistics and shore support for the Weddell Sea Project.The Weddell Sea Project is an expedition that aims to locate the ‘Endurance’…
The Helen Delich Bentley Port of Baltimore has been awarded a $1.8 million grant from the U.S. Environmental Protection Agency (EPA) for the Port’s Diesel Equipment Upgrade Program, which replaces older cargo-handling equipment and dray trucks with newer…
Three new neo-Panamax STS cranes arrived at Port Houston’s Bayport Container Terminal just before 11 a.m. Tuesday. The ZPMC cranes were manufactured in Shanghai before traveling 15,904 nautical miles onboard the Zhen Hua 25, a large specialized heavy load carrier vessel…
The U.S. Army Corps of Engineers is seeking additional comments after its Jacksonville District published a Revised Draft Supplemental Environmental Impact Statement (RDSEIS) for the Port Everglades Harbor Improvements project.The RDSEIS includes…
Pennsylvania Governor Tom Wolf announced a $246 million state investment into the Port of Philadelphia to continue modernization efforts and improve regional economic stability. This funding builds upon the Governor’s comprehensive $300 million…
Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air quality.Incorporating propane can help ports…
The U.S. Department of Transportation's Maritime Administration (MARAD) has an open request for proposals (RFP) that demonstrate microgrids for marine terminal operations. Closing bid date is February 16. Total funding could equal $1.5 million…
Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half.It expects underlying earnings before interest, tax…
The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand.The sharp widening in the trade gap reported by the Commerce Department on Tuesday…
