Dubai port operator DP World has repriced and extended the maturity of a $2 billion 'green' loan comprising conventional and Islamic revolving credit facilities, Standard Chartered said.A total of 19 banks provided the facility, which was extended by two years and was now due in 2023…
China on Tuesday granted the southern province of Hainan free trade zone (FTZ) status, vowing to significantly ease restrictions on foreign investment on the island in sector from agriculture to medical services.Known for its sandy beaches and resort-lined coast…
McInnis Cement’s new terminal in the Bronx, N.Y. is the first new industrial maritime project built on the South Bronx waterfront in more than half a century.The newly constructed 100,000-square-foot, 24/7 operational terminal has been built…
More than 600 maritime professionals have gathered for the 18th annual Maritime Economy Forum, in the port city of Gdynia in Poland.The forum held at the Pomeranian Science and Technology conference center is now one of the biggest and most influential maritime events in Poland…
A CMA CGM containership plowed head-on into a pier at India's largest container port on Saturday, causing visible damage to the dock.The 336-meter, 10,000 TEU CMA CGM Mumbai reportedly lost steering while attempting to berth at the Jawaharlal Nehru Port…
Abu Dhabi Ports and Emirates Telecommunication Group Company(Etisalat) have signed a memorandum of understanding (MoU) focused on advancing technological capabilities and business opportunities in support of Abu Dhabi Economic Vision 2030.The…
APM Terminals opened the most advanced container terminal in Mexico. Adidas has since moved the bulk of its inbound goods flow to the terminal in Lazaro Cardenas, where automated gates, an efficient on-dock rail facility and a secure gateway to Mexico City support faster cargo delivery…
Belgian port Antwerp said that throughput continues to register growth in the port. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year…
American trucking company Saia announced the recent completion of its new Saia LTL Freight cross-dock facility in Strafford, Missouri. Strafford is part of the Springfield, Missouri Metropolitan Statistical Area and is situated approximately 14 miles northeast of the city…
The Port of Corpus Christi set a new tonnage record of 79.3 million tons in the first nine months of 2018, surpassing the previous record of 77.9 million tons set in the first nine months of 2015. The number also eclipsed the same period in 2017 by 4 million tons…
The Captain of the Port for Hampton Roads has reopened the port without restrictions Friday morning.The COTP for North Carolina reopened the Ports of Wilmington and Morehead City Friday morning. Mariners in North Carolina are advised to exercise…
U.S.-flag Great Lakes freighters (lakers) moved 9.26 million tons of cargo in September, a decrease of 8.3 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. The September float was also 6.6 percent below the month’s five-year average…
The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, said it resumed normal operations at its Marine Terminal on Thursday after operations were suspended ahead of Hurricane Michael.Major oil…
China's coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply.Total arrivals last month fell 12 percent from August to the lowest since May at 25…
U.S. Coast Guard Commandant Admiral Karl L. Schultz has issued the Coast Guard's 40-paged document that outlines their 'VISION for Enabling Maritime Commerce.' He introduces the new paper in an open letter to industry, as shown below:America is a maritime Nation…
