Chinese iron ore futures dived more than 8% late on Friday after the country's regulators and industry association issued warnings against recent unusual price moves of the key steelmaking ingredient.Earlier on Friday, the National Development and Reform Commission (NDRC)…
Two tankers carrying gasoline loaded in Antwerp, Belgium, have turned back to their load-port after initially being destined for Lagos in Nigeria, Refinitiv Eikon ship tracking and sources said on Friday.The two tankers, STI Symphony and Velos Diamantis…
Kanoo Africa, a segment of Kanoo Shipping—a division of Yusuf bin Ahmed Kanoo—has been nominated to provide logistics and shore support for the Weddell Sea Project.The Weddell Sea Project is an expedition that aims to locate the ‘Endurance’…
The Helen Delich Bentley Port of Baltimore has been awarded a $1.8 million grant from the U.S. Environmental Protection Agency (EPA) for the Port’s Diesel Equipment Upgrade Program, which replaces older cargo-handling equipment and dray trucks with newer…
Three new neo-Panamax STS cranes arrived at Port Houston’s Bayport Container Terminal just before 11 a.m. Tuesday. The ZPMC cranes were manufactured in Shanghai before traveling 15,904 nautical miles onboard the Zhen Hua 25, a large specialized heavy load carrier vessel…
The U.S. Army Corps of Engineers is seeking additional comments after its Jacksonville District published a Revised Draft Supplemental Environmental Impact Statement (RDSEIS) for the Port Everglades Harbor Improvements project.The RDSEIS includes…
Pennsylvania Governor Tom Wolf announced a $246 million state investment into the Port of Philadelphia to continue modernization efforts and improve regional economic stability. This funding builds upon the Governor’s comprehensive $300 million…
Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air quality.Incorporating propane can help ports…
The U.S. Department of Transportation's Maritime Administration (MARAD) has an open request for proposals (RFP) that demonstrate microgrids for marine terminal operations. Closing bid date is February 16. Total funding could equal $1.5 million…
Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half.It expects underlying earnings before interest, tax…
The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand.The sharp widening in the trade gap reported by the Commerce Department on Tuesday…
Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected due to the impact of COVID-19, inflation and supply chain issues…
Indiana Cargo Crossroads is a working partnership of Ports of Indiana and Superior River Terminals Indiana (SRTI). The new general cargo operator began work in Jeffersonville Jan. 1 providing stevedoring and distribution services to customers…
Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary issuance and would list its shares on the bourse on Tuesday.AD Ports Group, which operates ports, logistics and industrial zones…
Valenciaport has closed the 2021 financial year with over 5.6 million TEUs (standard 20-foot container) and 85 million tonnes, numbers that improve activity with respect to 2020 and 2019, the latter being a pre-pandemic year. The import/export…
