Maersk and the Port Authority of New York and New Jersey (PANYNJ) have agreed to extend APM Terminals Elizabeth's lease through December 2062. Originally set to expire in 2029, the lease extension reflects the company’s partnership with the port…
The Queensland ports of Mackay, Hay Point and Abbot Point contribute A$31.7 billion ($19.9 billion) annually to Australia’s economy, a new economic impact study has revealed.The independent study was conducted by Prominence and commissioned by North Queensland Bulk Ports (NQBP)…
CK Hutchison on Thursday reported an 11% drop in underlying profit for 2024, as one of Hong Kong's most powerful conglomerates becomes increasingly embroiled in a political row over the sale of its ports business to a BlackRock-led consortium…
President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods abroad…
The Port of Oakland starts 2025 with growth in both imports and exports. Loaded container volume recorded 146,187 TEUs (twenty-foot containers) in January 2025. This is an 8.5% increase over January 2024, when 144,405 TEUs passed through the Port…
In Q2 2024, Socep SA Romania (Socep) had a new Konecranes drive retrofitted to one non-Konecranes ship-to-shore (STS) crane at itscontainer terminal in Constanta. This upgrade was intended to improve crane performance and lengthen the operational…
Dubai-based ports and logistics firm DP World and shipping giant Maersk have signed a long-term agreement to boost container-handling capacity and increase weekly vessel calls to support Brazil’s growing trade demands.DP World operates one of…
Propane puts port operators in control of EV charging to keep terminal tractors moving.Although it may seem a bit of a paradox that, at both seaports and inland ports, propane is crucial to charging electric terminal tractors, the proliferation…
HarborLab, the Athens-based maritime technology company, launched a new AI-powered feature designed to optimize Disbursement Account (DA) analysis and streamline port expense management.This latest innovation, known as HL AI, is part of the…
Maritime ports—the lifelines of global trade—are facing unprecedented challenges as stakeholders across entire supply chains react to sudden policy changes shaping the global economy. The advent of mega-container ships, evolving customs regulations and the demand for transparent…
Marine fuel sales in the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, fell in February to their lowest since data started being published in 2021. Volumes, excluding lubricants, totalled 554,117 cubic metres (about 549…
Hong Kong-based conglomerate CK Hutchison, which is facing pressure from Beijing authorities over a port deal with a BlackRock-led consortium, will not hold earnings conferences this week, two sources with knowledge of the matter said.CK Asset…
This week, March 18-20, the American Association of Port Authorities (AAPA) hosts its annual Legislative Summit: Revitalizing America's Ports in Washington, D.C. Sixty ports from across the country will be represented at the summit.This port…
China's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary criticizing CK Hutchison's port deal with U.S. firm BlackRock as a betrayal of China, sending shares of the Hong Kong-based conglomerate sharply lower on Friday.The repost…
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said…
