APM Terminals Pipavav has shattered its previous records by successfully achieving over 200 port moves per hour (PMPH) on a single vessel for the first time in the history of its operations.On August 17, 2023, the port, located on the coast of Gujarat…
NYK has acquired a 25% stake in PT. Patimban International Car Terminal (PICT), a car terminal operator based at the Indonesian port of Patimban. The shares were acquired from Toyota Tsusho Corporation, and registration was completed on August 18…
Victoria International Container Terminal (VICT) at the Port of Melbourne, Australia’s first fully automated container terminal, is expanding its equipment fleet with the addition of six new automated stacking cranes (ASC).Purchased as part of VICT’s ongoing expansion project…
Investment firm GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd on Aug. 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday.GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0…
Dubai's state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly 14%, and flagged an uncertain outlook for trade.Profit attributable to DP World's owners in the six months to June was down 9…
Swiss-based firm Implenia and NorSea's WindWorks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for the floating offshore wind industry at Norway’s west coast.Implenia and NorSea will become equal minority shareholders (approx…
The U.S. Coast Guard (USCG) has published a Proposed Rule in the Federal Register outlining U.S. Great Lakes pilotage rates for the 2024 shipping season.The new rates seek to generate revenue for each of the three U.S. Great Lakes pilot associations…
Evergreen Marine has officially opened Terminal 7 at Kaohsiung Port, a smart terminal expected to drive ongoing growth of shipping related industries within southern Taiwan. The terminal is the first and largest fully-automated container terminal…
PhilaPort announced it has promoted Michael Day, P.E as its new director of engineering.Since joining PhilaPort in 2013, Day has been instrumental in guiding PhilaPort through its expansion, planning, implementing and overseeing construction…
Ukraine's air force on Wednesday said a large group of Russian army drones entered the mouth of the Danube River and headed toward the Izmail river port near the border with Romania.Social media groups reported hearing air defence systems firing in the area near two Danube ports - Izmail and Reni…
DP World expects to add approximately three million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year.The company says this will add much needed infrastructure and capacity to boost global supply chain resilience…
Starting in September, the company that manages the Paranaguá Container Terminal (TCP) will receive a new maritime service in partnership with COSCO Shipping Lines/OOCL and Ocean Network Express (ONE). The service is branded respectively as: East Coast South America-Europe 2 (ESE2)…
Shanghai’s local government plans to provide oceanic coverage of 5G networks by 2024.China Daily reports that Shanghai will build an integrated network connecting all land, sea, air and space internet infrastructure platforms. The development of navigation…
APM Terminals Pipavav (GPPL - Gujarat Pipavav Port) has officially kicked off very large gas carrier (VLGC) operations with the maiden berthing of Great Eastern Shipping Company's 230 meters long Jag Viraat earlier this month.The VLGC loaded cargo from Ruwais…
As the devotion to more sustainable shipping expands and regulations become more stringent, the demand for lower emissions operations continues to increase. As a result, the marine industry is confronted with the challenge of large-scale electrification as an alternative energy solution…
