Portugal's government announced on Wednesday an investment plan worth 4 billion euros ($4.6 billion) to expand and modernise its main ports over the next 10 years, 75% of which will be done by private companies.Infrastructure Minister Miguel Pinto Luz said the investment would be made in six ports…
The Georgia Ports Authority moved 5.7 million twenty-foot equivalent container units in fiscal year 2025 (July 1, 2024-June 30, 2025), an increase of 8.6 percent or 450,000 TEUs compared to the previous fiscal year. FY2025 was the Port of Savannah’s second busiest year on record…
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL)…
French shipping giant CMA CGM said on Tuesday it is interested in taking over some of CK Hutchison's ports after the Hong Kong conglomerate's exclusive talks ended with a consortium led by BlackRock this week.CK Hutchison agreed in March to sell the majority of its $22…
Port Houston, host of the fourth annual Houston International Maritime Conference (HIMC25), has announced Captain Richard Phillips as a featured guest speaker at this year’s event. Best known worldwide for his courageous stand during a harrowing…
As U.S. ports face their annual surge in pre-holiday inventory arrivals, many are relying on propane-powered equipment to stay efficient, resilient, and cost effective. This surge in port activity comes just as the U.S. Department of Transportation…
The proposed inclusion of Chinese shipping giant COSCO in Hong Kong conglomerate CK Hutchison's contentious global ports sale is a potential win for Beijing in a strategic sector, but the deal is far from final and could face resistance from Washington…
The Port of Klaipėda has announced a request for expressions of interest (EOI) in the Klaipėda Southport Development Project, the most extensive expansion in the port’s history. This project aims to increase Klaipėda’s cargo handling capacity…
Iraq’s state oil marketer SOMO has identified several tankers suspected of loading petroleum products illegally from the ports of Umm Qasr and Khor al-Zubair, according to an official letter dated Sunday and seen by Reuters.The tankers allegedly…
AD Ports Group has signed a 50-year land lease agreement with Emirates Food Industries, a member of the National Holding Group.This collaboration will initially see the development of silos at Khalifa Port’s South Quay, further enhancing the port's capabilities…
CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended…
Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel…
Greensea IQ announced the expansion of its EverClean hull cleaning service to the Port of New York and New Jersey, the largest port complex on the U.S. East Coast and the second-busiest container port in the country. With operations now based in Monroe Township…
Eco Wave Power has signed an agreement with the Africa Great Future Development (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa.The agreement marks Eco Wave Power's first step…
BP said on Thursday that contaminants were detected in some of the oil tanks at Turkey's BTC Ceyhan terminal following assessment of the facilities, adding that oil loadings continued from other reservoirs.The reports about Azeri BTC oil being…
