The Saudi Ports Authority (Mawani) on Tuesday announced the laying of the foundation stone for upgrading and developing two container terminals at King Abdulaziz Port in Dammam under the Build-Operate-Transfer (BOT) concession signed with Saudi Global Ports (SGP) valued at over 7 billion riyals ($1…
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said.The Black Sea is crucial for the shipment of grain…
German logistics firm HHLA and Cosco are close to finalizing an agreement for the Chinese shipping giant to take a stake in a terminal at Hamburg's port, HHLA said on Friday.'We can confirm that... it has been possible to agree on concrete conditions…
A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.Washington in November authorized the last major U…
French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said.“With this finalized transaction and the decision to suspend all new bookings to and from Russia since March 1st…
Last week, Liebherr-MCCtec Rostock GmbH delivered a new LHM 800 High Rise mobile harbor crane to its customer Port Esbjerg.The delivery took place shortly after an incident in the Kiel Canal, in which an LHM 600 ordered by Port Esbjerg was damaged while passing under the Holtenau High Bridge…
The International Chamber of Shipping (ICS) welcomed the China Shipowners’ Association (CSA) as a Full Member from January 1, 2023. The CSA will join the ICS Board, which oversees the policy positions ICS presents on behalf of shipowners’ worldwide with the shipping industry’s global regulators…
The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to Chinese New Year (CNY) bring an increase in volumes and freight rates. So far, however, the lead-up to CNY in 2023 has been the worst in 13 years…
Oy Blomberg Stevedoring Ab, part of the KWH Logistics business group, has acquired a heavy Liebherr LHM 600 harbor crane for the Port of Vaskiluoto in Vaasa, Finland.The newly built €7 million crane, manufactured by Liebherr-MCCtec Rostock GmbH from Germany and delivered to Vaasa on December 22…
In January 2023 the Port of Valencia will conduct hydrogen tests for its refueling station. Technicians from Valeciaport, the National Hydrogen Center and the company Carburos Metálicos are taking part in this initiative, supervising this operation…
Norwegian Cruise Line must pay $110 million in damages for use of a port that Cuba's government confiscated in 1960, a U.S. judge ruled on Friday, a milestone for Cuban-Americans seeking compensation for Cold-War era asset seizures.The decision by U…
Boluda Towage has started towing services at the German port of Lubmin for the first installation of a floating LNG storage plant.The Deutsche ReGas LubminLNG import terminal will become the first operational FSRU-based facility in Germany.…
Container volumes through the Port of Oakland dropped in the month of November as both full imports and full exports fell compared to November 2021 and October 2022 volumes.Total loaded container volume declined 15% in contrast to November 2021…
The Port of New York and New Jersey has held onto the title as the United States’ busiest container port for a fourth consecutive month.In recent months, U.S. East Coast ports have reported elevated container volumes as trade diverts from the U…
Japanese container shipping company Ocean Network Express (ONE) announced it has acquired controlling stakes in three California container terminals amid a push by many of the world's largest global shipping lines to expand their presence in the port infrastructure component of the logistics chain…
