Ports News

 

Hapag-Lloyd: Asia Business 'Overall Stable' Amid Virus Outbreak

Feb 18, 2020

German container shipping line Hapag-Lloyd said on Tuesday its business in Asia was 'overall stable,' although the coronavirus outbreak had extended the traditionally slack period around China's Lunar New Year holiday.China's efforts to control…

DP World Returns to Full State Ownership

Feb 18, 2020

Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the center of the emirate's 2009 debt crisis to repay some of its borrowings.DP World, which operates ports around the world from Hong Kong to Buenos Aires…

EU Loan Supports Ystad LNG Upgrades

Feb 18, 2020

The European Investment Bank (EIB) has signed a SEK 445 million ($45.6 million) loan agreement with the Municipality of Ystad to expand harbor facilities so that new, larger liquefied natural gas (LNG) vessels on the Swinoujscie-Ystad line can access the harbor…

Coronavirus Slows China's Belt and Road Push

Feb 18, 2020

When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, ports and highways around the world: the coronavirus…

DP World to Delist from Nasdaq Dubai

Feb 18, 2020

DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership.According to a press release, the  UAE-owned port behemoth’s parent company, Port and Free Zone World, has offered to buy the 19…

Partnership to Make Waterways Climate-Neutral

Feb 17, 2020

German energy company E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping in Germany and Europe from diesel to battery and/or hydrogen drives.The companies…

Vado Gateway Welcomes First Ship

Feb 16, 2020

APM Terminals said that its new deep-sea container terminal, Vado Gateway terminal, located in Vado Ligure, Italy, received its first commercial service on 11 February 2020.The ship, M/V Maersk Kota, was the first of seven ships from Maersk’s weekly ME2 service…

HHLA Meets Targets

Feb 16, 2020

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) said that it has achieved targets for the year as the revenue and operating result (EBIT) increase with moderate increase in container throughput and significant rise in transport volume…

US Ports Get More Than $280 Mln in MARAD Grants

Feb 14, 2020

The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) announced that it has awarded more than $280 million in discretionary grant funding through the new Port Infrastructure Development Program. This funding is designed…

Port NOLA Sets Cruise Record

Feb 14, 2020

The Port of New Orleans (Port NOLA) saw another record-breaking year in cruise passenger numbers and vessel calls.With the launch of Disney cruises and the addition of year-round itineraries from Royal Caribbean International in 2020, Port officials anticipate another robust cruise season…

Long Beach Cargo Dips in January

Feb 14, 2020

Cargo volume was down slightly in January at the Port of Long Beach, compared to the same month in 2019.Terminal operators and dockworkers moved 626,829 twenty-foot equivalent units (TEUs) last month, down 4.6% compared to January 2019. Imports decreased 4…

APM Terminals Poti in Expansion Mode

Feb 13, 2020

International container terminal operating company APM Terminals said that its Poti Seaport Terminal in Georgia has re-initiated the process of obtaining the necessary permits with a firm intention to build the new deep-water multipurpose port in Poti…

DP World Acquires Ukraine's TIS Terminal

Feb 13, 2020

Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval.'Bringing the TIS Container Terminal into DP World's global network of ports…

Port of Rotterdam Throughput Flat in 2019

Feb 13, 2020

The largest seaport in Europe Port of Rotterdam saw a freight throughput of 469.4 million tonnes in 2019, fractionally higher than in 2018 (469 million tonnes).According to a release, investments by the Port of Rotterdam Authority were again at a high level…

Mammoet Completes Mexican Terminal Expansion

Feb 12, 2020

Mammoet, a Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said that its  team has successfully completed the second phase of the relocation of several shipping container cranes for Hutchison…

Logistics News

Joint Statement on Red Sea Attacks From ICS, BIMCO, European Shipowners, INTERCARGO, INTERTANKO

Joint Statement on Red Sea Attacks From ICS, BIMCO, European Shipowners, INTERCARGO, INTERTANKO

Xeneta Ocean Container Shipping Market Update

Xeneta Ocean Container Shipping Market Update

Coal Shipments Plummet 6%, China's the Driver

Coal Shipments Plummet 6%, China's the Driver

CV International, Capes Shipping Agencies Announce New CFO

CV International, Capes Shipping Agencies Announce New CFO

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