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US Working with Allies Over Sanctions on Russian Arctic LNG Project

Nov 08, 2023

The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday…

Putin Approves Transfer of State-owned Shares in Shipping Company to Rosatom

Nov 08, 2023

President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov…

Wallenius Wilhelmsen Bunkers First HSFO-Biofuel in Korea

Nov 07, 2023

The world's largest RoRo shipping company Wallenius Wilhelmsen reports its vessel Torrens is the first to bunker B30 HSFO-biofuel in South Korea. The bunkering took place during a call at Masan Port as part of the vessel's regular sailing schedule…

New Electric RTG Cranes Arrive at DP World's ICTT

Oct 25, 2023

International Container Transhipment Terminal (ICTT) operated by DP World at Cochin, announced the arrival of four new electric rubber tired gantry (RTG) cranes at its terminal on October 17. The cranes arrived on the vessel Pietersgracht.This…

Commercial Ports Reopen in Wake of Typhoon Bolaven

Oct 11, 2023

Key commercial ports of Guam, Rota, and Saipan have been reopened in the wake of Typhoon Bolaven, the U.S. Coast Guard said.'This decision, effective at noon on Oct. 11, 2023, follows meticulous assessments conducted by our dedicated crews and trusted partners…

Israel Highlights Fragility of New Trade Corridors

Oct 10, 2023

A new and deadly chapter of the decades-old Israel-Palestinian conflict is a reality check for an ambitious trade route. The India-Middle East-Europe Economic Corridor (IMEC), championed by Washington last month on the sidelines of the G20 summit…

NRL Plans to Boost Low-sulphur Fuel Oil Output for Ships

Sep 27, 2023

Pakistan National Refinery Limited (NRL) has started producing very low sulphur fuel oil (VLSFO) for ships and is planning to expand its monthly output by at least five-fold in six months, the company said late Tuesday.The company is producing about 2…

LA, Long Beach and Shanghai Ports Plan Green Shipping Corridor

Sep 26, 2023

The creation of the first-ever green shipping corridor across the Pacific is taking shape. A voluntary partnership of maritime stakeholders, including the Ports of Los Angeles, Long Beach and Shanghai, some of the world's largest carriers, and…

APM Terminals Mumbai Inks Solar Power Purchase Deal

Sep 26, 2023

Already one of the most efficient terminals in India, Gateway Terminals India Pvt. Ltd. (GTI)—also known as APM Terminals Mumbai—has taken another step to further reduce its carbon emissions through a collaboration with O2 power to supply renewable electricity…

Rotterdam and Singapore Ports Team Up to Slash Emissions

Sep 21, 2023

The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam Authority (PoR) and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop…

Japan Responds to Fresh Sanctions on Arctic LNG 2

Sep 19, 2023

Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia's Arctic LNG 2 project, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.The Arctic LNG 2 project…

MOL and Shell Partner to Advance Maritime Decarbonization

Sep 11, 2023

Mitsui O.S.K. Lines, Ltd. (MOL) and Shell Marine Products Singapore, a business division of Shell Eastern Trading Pte. Ltd (Shell), have signed a memorandum of understanding (MOU) to jointly focus on the advancement of alternative maritime solutions…

US, Saudi Arabia, India Discuss Possible Rail, Port Deal

Sep 08, 2023

The U.S., Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railways and connecting to India by port, according to U…

DP World Invests $510 Million to Build New Terminal in Gujarat

Aug 28, 2023

Dubai-owned ports giant DP World will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday.'It will enable the delivery of trade opportunities by connecting northern…

China Completes Its Largest Port Oil Storage Facility

Aug 24, 2023

The third phase of China's largest single coastal oil storage facility has been completed and went into operation on Wednesday in Qingdao port, in the eastern province of Shandong, the state media outlet China News reported.The third phase of…

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