Ports News

 

MARAD Announces $12.4 Million for US Marine Highway Program

Mar 01, 2023

The U.S. Department of Transportation’s Maritime Administration (MARAD) on Wednesday announced a Notice of Funding Opportunity making $12,423,000 available in Fiscal Year 2023 funds through the United States Marine Highway Program (USMHP).Designed…

Port of Corpus Christi to Lead Merged Hydrogen Hub Projects

Mar 01, 2023

The U.S. Department of Energy (DOE) Office of Clean Energy Demonstration has encouraged both the Port of Corpus Christi Horizons Clean Hydrogen Hub (HCH2) and Trans Permian (Trans Permian) H2Hub to submit full applications through the DOE Regional Clean Hydrogen Hubs Program…

Wilson Sons Taps ABB for Port Efficiency Tools

Feb 28, 2023

Wilson Sons selected ABB’s Optical Character Recognition (OCR) system for ship-to-shore (STS) gantry cranes at Rio Grande container terminal, including the QuayPro module to digitalize container stowage confirmation processes. The company has…

Carter Sworn In as Milwaukee Port Director

Feb 27, 2023

The City of Milwaukee’s new Municipal Port Director officially took office on Thursday during a swearing-in ceremony at City Hall. Mayor Cavalier Johnson appointed Jackie Q. Carter in January, and the Milwaukee Common Council confirmed her appointment earlier in February…

Ukraine to Set up $500 Million Insurance Fund for Cargo Ships

Feb 27, 2023

Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit economy.Ukraine is a major producer and exporter of agricultural products…

Brazil's FTS Group Wins Auction for Paranagua Port Terminal

Feb 27, 2023

FTS Group won an auction on Friday to operate a terminal at the port of Paranagua, one of the main ports in Brazil for grains and sugar, amid an uptick in shipping activity in the country.The group will have to invest at least 338.2 million reais ($64…

Gastrade Sees Decision On Second LNG Terminal This Year

Feb 23, 2023

Greece’s Gastrade said on Thursday it expects to take a final investment decision on developing a second gas floating storage and regasification unit (FSRU) off the country’s northern port of Alexandroupolis by the end of the year.With Europe…

Yilport Takes Over Operations at Croatia's Port of Šibenik

Feb 23, 2023

Turkey's Yilport Holding announced it has taken over operations at Port of Šibenik in Croatia as part of parent company Yildrim Group’s acquisition of Petrokemija d.d., Croatia's largest fertilizer plant.The Port of Šibenik, which used to operate as the country's main fertilizer handling port…

Florida Seaports See Record-high Cargo in 2022

Feb 22, 2023

Florida’s 16 seaports experienced a new record high of 112.5 million tons of cargo received during 2022, a 6% increase over 2021, a newly released report from the Florida Seaport Transportation and Economic Development Council (FSTED) shows…

Konecranes to Deliver Mobile Harbor Crane to Guyana

Feb 22, 2023

Finland's Konecranes reports it has received an order to deliver two mobile harbor cranes to Guyana's Port of Georgetown.In Q3 2022, two port operating companies in Guyana – Muneshwers Ltd. and John Fernandes Ltd. – made a joint order for two…

Terminal Expansion Boosts Port of Vancouver Container Capacity

Feb 22, 2023

A recently completed terminal expansion project at Canada's Port of Vancouver is set to boost capacity amid projected cargo volume growth at the Canadian West Coast seaport.The Construction on the Centerm Expansion Project—delivered by the the…

Port of Rotterdam to Implement Emissions-tracking Tool

Feb 22, 2023

PortXchange Products B.V., the Netherlands-based digital solutions provider for predictable and sustainable shipping, announced the launch of PortXchange EmissionInsider, with the Port of Rotterdam acting as the launching customer.PortXchange…

A Toll of War: Ukraine’s Dry Bulk Exports Plunge 77.8%

Feb 22, 2023

“On Friday February 24, 2023, one year has passed since Russia’s invasion of Ukraine. During that year, dry bulk exports from Ukraine have dropped 77.8% compared to the same period a year earlier, causing a decline in global dry bulk volumes…

Tradepoint Atlantic to Develop Trans-load Facility at Port Tampa Bay

Feb 21, 2023

Tradepoint Atlantic, a 3,300-acre global multimodal logistics hub and industrial center, announced that the Port Tampa Bay’s Board of Commissioners approved a lease agreement with Tradepoint Tampa for 35 acres of land to build a new trans-load warehouse distribution facility…

Equinor Sells Its Oil Terminal in the Bahamas

Feb 21, 2023

Norwegian energy company Equinor announced it has entered into an agreement to sell its oil terminal in the Bahamas to Estonian logistics and investment business Liwathon. Financial terms of the deal were not disclosed.The South Riding Point oil terminal at the Grand Bahama Island…

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

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