UAE global port operator DP World has launched a $9 billion financing into a targeted syndication process involving less than 10 banks, according to banking sources.The financing, which backs the borrower's privatization, was expected to sell down in a general syndication…
Cargo volume at the Port of Los Angeles is down 15.5% so far this year as the novel coronavirus upends economies around the globe, Gene Seroka, executive director of the busiest U.S. seaport, said on a webcast on Wednesday.April volume was down 6…
China’s exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday…
The German National Metrology Institute (PTB) has granted Seijsener the “Baumusterprüfbescheinigung” (type examination certificate) for Seijsener's shore power cabinets. This makes the Dutch company the first manufacturer of shore power for ships in Europe to be awarded this ‘Eichrecht’ certificate…
Marine Terminals Corporation – East (Ports America), Ceres Marine Terminals Inc. (Ceres), and SSA Atlantic LLC (SSA) have formed a joint venture, Charleston Stevedoring Company LLC (CSC), to provide container terminal and stevedoring services in the Port of Charleston in South Carolina…
Evergreen Line has launched a new weekly container service between South America, the Caribbean and the U.S. mainland.Evergreen will have three vessels in the service rotation, which will include calls at Manzanillo, Panama; Colon-Coco Solo…
China is the Port of Hamburg’s most important trade partner. Hamburg serves as the gateway to Europe for Chinese goods. Along with handling ocean shipping, the port city is also an important railway hub for transports to and from China. The…
Six new all electric rubber-tired gantry (E-RTGs) cranes have been installed and are now in service at PortMiami's South Florida Container Terminal (SFCT).The new zero-emissions E-RTGs are cleaner and quieter than the older, diesel-powered top-loaders which previously worked in the container yard…
Taylor Machine Works, Inc. launched the XHRS-1000, a new model in its material handling equipment portfolio purpose-built to handle containers in the unique lift situations that barge applications present.Hal Nowell, Director of Sales of Taylor Machine Works…
The U.S. Federal Maritime Commission has issued new guidance about how it will assess the reasonableness of detention and demurrage regulations and practices of ocean carriers and marine terminal operators (MTOs) under 46 U.S.C. 41102(c).The final rule…
The Liberian Registry continues its efforts toward the recognition of seafarers as “key workers” and for much needed crew-exchange to be allowed at key ports globally during the global COVID-19 pandemic, and is looking to enlist the help of other flag States in this mission…
Crowley Logistics joined Caribbean Produce Exchange, Inc. (CPE), a Puerto Rico distributor of fresh produce and consumer products, and Puerto Rico farmers to ship a container filled with fresh fruits, plantains and other “Son de Aquí” local…
Pandemic Gripping Tight, Tough Days Ahead for the Logistics IndustryWith the logistics industry enjoying a boom since 2018, the regular picture at shipping docks on working days involved a lot of commotion. People yelling, cargos waiting to be unloaded…
Trelleborg’s marine and infrastructure operation has completed the supply of its twin parallel motion fenders to Ferry Berth 4 at the Port of Hirtshals, Denmark, helping the port to enhance berthing operations.The project required a fender solution…
Miner BHP Group said on Tuesday it plans to expand its iron ore export capacity from Port Hedland, the largest global shipping hub for the steel-making commodity, by up to 40 million tonnes a year to 330 million tonnes a year.The move comes…
