DP World announced it is investing US$50 million (approximately ₩66 billion) to develop a new logistics center in Busan New Port.Construction of the facility in the 75,000-sqm land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026…
French shipping group CMA CGM said on Friday it was suspending its calls at Port au Prince due to the worsening security situation in the Haitian capital.The group, one of the world's largest container lines, will call at Lafito, 20 km from Port au Prince…
In February 2024, King Abdul Aziz Port in Dammam, Saudi Arabia, achieved a new record by handling 235,820 TEUs, an increase of 25.41% compared to the previous throughput of 166,956 TEUs in 2023.This marks the highest monthly handling in the history of the port…
Brazil is interested in exporting soy, corn and other products through Peru's China-controlled Chancay port, Peruvian Economy Minister Jose Arista said on Thursday, according to state news agency Andina.Brazilian Planning Minister Simone Tebet visited the port…
ABB and crane builder Kuenz have secured the largest single order of automatic stacking cranes ever made by a European terminal, as part of the ‘phase 2’ expansion of APM Terminals Maasvlakte II facility in Rotterdam, the Netherlands.The companies…
With more ships heading around the Cape of Good Hope due to attacks in the Red Sea region and a shutdown in their main South African bunkering operations, Mercuria and Trafigura have started refuelling services in Mauritius, four sources said…
As a part of President Biden’s Investing in America agenda, the U.S. Department of Transportation’s Maritime Administration (MARAD) published a Notice of Funding Opportunity (NOFO) for $500 million in Federal Fiscal Year 2024 funding through MARAD’s Port Infrastructure Development Program (PIDP)…
DP World operated International Container Transshipment Terminal (ICTT) at Cochin handled a record volume of 75,141 TEUs in February 2024, registering a 38% volume growth over February 2023.The substantial growth of cargo handled by ICTT is…
SAAM reported net income of US$501 million in 2023, representing its best-ever results thanks to the sale of its port and logistics assets to Hapag-Lloyd, which generated a net gain of US$422 million.Sales for the year totaled US$540 million and EBITDA was US$160 million…
The Port Authority of València (PAV) reports it is making steady progress in the construction of its second solar photovoltaic plant located on the roof of the vehicle silo of the VTE concession on the East Dock. The installation work began…
Port of Antwerp-Bruges increased the bollard capacity of four bollards at PSA Antwerp’s Noordzee Terminal from 150 tonnes to seven new 250 tonne bollards to minimize lost space between two vessels. Dynamic mooring analysis also showed that the…
Europe's largest seaport is boosting its security efforts in an attempt to prevent illicit drugs from making their way through the port.As of March 31, 2024, all import containers arriving in the port of Rotterdam from Latin America will only be securely and reliably released via the Secure Chain…
Shell has awarded Worley a contract for detailed design, procurement and construction management support services a Holland Hydrogen 1, a project that will become the Europe’s largest commercial renewable hydrogen production facility.Under the contract…
Earlier this year, 30-year Port Houston veteran Jeff Davis announced his retirement as Chief Port Operations Officer. The port's Executive Director Roger Guenther has subsequently announced the promotion of two long-term, well-regarded members…
Galveston-based dredging contractor Callan Marine has been awarded a $136 million contract from Port Houston to dredge segment 1C of the Houston Ship Channel Expansion, under the port's Project 11 program.Callan will use its recently christened 32-inch cutter suction dredge…
