The $538 million first phase of the new Deepwater Port of Posorja in Ecuador by global trade enabler, DP World, is now completed and successfully operational.The overall $1.2 billion project will replicate Dubai's Jebel Ali Port and freezone…
India can now use two crucial Bangladesh ports - Chattogram and Mongla - for shipment of its cargo, which will cut time and cost significantly, India's shipping minister Mansukh Lal Mandavia said.He has said that Indian Prime Minister Narendra…
Occidental Petroleum Corp provisionally chartered a supertanker to ship U.S. crude to South Korea for a new record of $13.25 million in November, three shipping sources familiar with the matter said on Monday.The Very Large Crude Carrier (VLCC)…
The Danish company Bawat A/S, specializing in the treatment of ballast water aboard ships and in ports, has just finalized the provision of capital equal to more than $2.94m from new and existing shareholders.The new shareholders include Selfinvest Family Office as a key stakeholder…
Perth-based Harbor towage operator, Westug Pty Ltd (Westug) has announced their successful start with the OptiPort AI-assisted Dispatch system in its new Port Hedland operation to ensure long-term, efficient and sustainable towage services in…
North Sea Port and Lineas are joining forces to increase efficiency with 12 new rail connections to the European hinterland.According to a press note from the cross-border port that consolidates the port areas of Vlissingen, Terneuzen and Ghent…
In just six months since the inauguration of the new Moín Container Terminal (MCT) in Costa Rica, highly-trained employees are meeting all productivity KPIs outlined in the concession contract.By reducing berthing times to an average of just 10 hours per vessel…
The Directorate-General for Public Works and Water Management (Rijkswaterstaat) and the Port of Rotterdam Authority celebrated the completion of the deepening of the Nieuwe Waterweg and Botlek on Thursday (October 03).One of the busiest waterways…
White House economic adviser Larry Kudlow said on Friday that the U.S. team was 'open-minded' about the outcome of U.S.-China trade talks next week, which will include deputy-level meetings on Monday and Tuesday, with minister-level meetings Thursday and Friday…
Another milestone for the establishment of LNG (Liquefied Natural Gas) as marine fuel in Germany has been achieved. Nauticor successfully conducted the first ship-to-ship LNG bunkering operation in a German port. The trailing suction hopper…
Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, placing new pressure on the U.S. sanctioned country and on global crude freight rates…
Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.South Korea's top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U…
The Port of Rotterdam Authority has launched a new container tracking application Boxinsider allowing shippers and freight forwarders to locate their containers at any given moment.Boxinsider draws on status information from container vessels and inland and deep-sea terminals…
Maersk completed its first import shipment to Sambalpur from the Inland Container Depot (ICD) in Jharsuguda (Odisha). The shipment carrying 80 TEUs was delivered to Shyam Metalics. Whilst a few of the top customers in the region have already…
The Port Commission of the Port of Houston Authority has approved a proposal that PHA acquires three new neo-Panamax electric cranes for Bayport Container Terminal in a $35 million contractThe cranes will be deployed at Wharf No. 5 of the container…
