Ports News

 

PSA International Buys Canada's Halterm

Aug 01, 2019

Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners.'PSA International Pte Ltd concluded the purchase of the terminal…

DP World Slams Djibouti Government

Aug 01, 2019

The global port operator DP World has accused the government of Djibouti of “complete disregard and contravention” of the global legal system as it plans to rule all international adjudications on the Doraleh Container Terminal null and void…

Oil slumps 7% as More Tariffs Loom

Aug 01, 2019

Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.The drop in Brent crude was the steepest in more than three years…

U.S. to hit $300B of Chinese goods with 10% tariff

Aug 01, 2019

U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed to ease tensions between the world's two largest economies continue.'Trade talks are continuing…

ZIM’s starts Central America-Caribbean Service (CCX)

Aug 01, 2019

ZIM has announced a new service between Mexico, Caribbean and Central America, commencing on the second half of August, with the following rotation:Veracruz-Altamira-P. Cortes-Santo Tomas-Kingston-Rio Haina-San Juan-Kingston-Veracruz  ZIM will operate 3 vessels in a weekly…

GAC Sweden Strengthens National Coverage

Aug 01, 2019

From August 1, 2019, GAC Sweden takes over the ship agency activities of SwedAgency AB throughout the country, in a move that will boost its operational presence in and around the capital Stockholm and extend its reach to Oxelösund.The transfer…

ABB Enhances Safety of Sovcomflot’s Arctic Fleet

Aug 01, 2019

ABB has won a contract to supply ABB Ability Remote Diagnostic Systems for Marine to eleven Sovcomflot vessels operating in the Arctic and Russia’s Far East, helping optimize safety and performance through 24/7 remote support.Sovcomflot’s vessels will be among over 1…

Savannah Port Moves Record 4.5M TEUs

Aug 01, 2019

Georgia Ports Authority (GPA) announced that the Port of Savannah moved a record 4.5 million twenty-foot equivalent container units in the fiscal year that ended June 30, an increase of more than 305,000 TEUs, or 7.3 percent.“Our ports are firing on all cylinders…

Yilport Pact for 49-Year Concession at Taranto

Aug 01, 2019

Turkey's Yilport Holding signed a concession agreement with Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the Port of Taranto in Italy for the multipurpose terminal.The deal was signed on 30 July 2019, at Castello Aragonese in Taranto…

Sonar: Critical to Bridge Demolition, Recovery

Jul 31, 2019

What happens when a bridge or other structure is no longer in use and needs to be removed? There are several options, the most exciting of which is demolition.These jobs require caution and careful planning to guarantee safety and ensure that…

Fire Erupts at Exxon's Baytown complex; 37 Hurt

Jul 31, 2019

Exxon Mobil Corp said it was fighting a fire that erupted on Wednesday at its Baytown, Texas, refining and chemical plant complex injuring 37 people and sending nearby residents indoors.As many as 37 people were being treated for non-life threatening injuries amid efforts to put out the fire…

Drewry: Box Terminal Utilization Rates to Rise

Jul 31, 2019

The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted. This means that most world regions will see an increase in average terminal utilization…

Port of Açu Receives 100th vessel

Jul 31, 2019

The Multicargo Terminal (T-MULT) of Complex of Port of Açu, in the north of the state of Rio de Janeiro, received its 100th vessel, after 3 years of operation.The milestone was reached with the arrival of the MV Wu Gui Shan vessel, which unloaded 52…

Xeneta: Trade War Impacting on Far East

Jul 31, 2019

Look beneath the surface of a relatively calm month for long-term contracted ocean freight rates and, says Oslo-headquartered Xeneta, industry observers will see a maelstrom of activity, adjustments and market uncertainty.According to the latest XSI Public Indices report from Xeneta…

GLDD Reports 2019 Q2 Financials

Jul 31, 2019

Great Lakes Dredge & Dock Corporation (Nasdaq:GLDD), a provider of dredging services in the United States, has reported financial results for the quarter ended June 30, 2019. The company weighs in as follows:Second Quarter 2019 Highlights•Revenue was $184…

Logistics News

COSCO Seeks Veto Power in Global Port Deal

COSCO Seeks Veto Power in Global Port Deal

Valenciaport Imports/Exports Rise, Offsetting Drop in Transhipment

Valenciaport Imports/Exports Rise, Offsetting Drop in Transhipment

Port of Barcelona Enhances Security and Efficiency With Genetec Technology

Port of Barcelona Enhances Security and Efficiency With Genetec Technology

New BIMCO Clause Addresses USTR Actions

New BIMCO Clause Addresses USTR Actions

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