French shipping giant CMA CGM plans to launch a full takeover bid for port terminal operator Santos Brasil after it agreed to buy a 48% stake in the company, it said on Monday as it further expands its grip on global shipping infrastructure…
Norwegian gas infrastructure operator Gassco has restarted the Kaarstoe processing plant, a key hub for gas supplies to Germany, and is ramping up output following three weeks of maintenance, the company said on Friday.'Kaarstoe is in the start…
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports…
The Grimaldi Group has completed the acquisition of 67% of the capital of Heraklion Port Authority (HPA) in Crete for 80 million euros ($89 million).The signing of the agreement with Hellenic Republic Asset Development Fund (HRADF) followed a tender conducted by HRADF…
The Port of Los Angeles reported handling nearly 960,600 Twenty-Foot Equivalent Units (TEUs) in August, marking a remarkable 16% increase compared to the same month last year. This figure represents the busiest month for the port since before the pandemic…
A threatened Oct. 1 strike by dockworkers at ports on the U.S. East Coast and Gulf of Mexico would immediately disrupt the flow of goods in the country, the North America chief executive of French container carrier CMA CGM said on Wednesday…
APM Terminals celebrated the inauguration of a comprehensive $115 million upgrade project at its West Africa Container Terminal (WACT) in Onne, Nigeria.The inauguration ceremony was attended by several dignitaries, including the Secretary to the Government of the Federation (SGF)…
A brand new 144,000 square meter port terminal has been inaugurated at the Port of Gothenburg. The investment, amounting to approximately 60 million EUR, has been under construction for the past six years and was made to meet the increased transportation needs of Swedish industry…
The U.S. Justice Department on Wednesday filed a civil claim seeking $103 million from the two Singaporean companies that owned and operated the container ship that in March toppled the Francis Scott Key Bridge in Baltimore, killing six people and paralyzing a major transportation artery for the U…
This month, the CHERISH2O (CHEmical industry water Reuse In a Sustainable Harbour) project starts at the port of Antwerp. Port of Antwerp-Bruges, VITO, essenscia, VMM and Antea Group will investigate whether industrial waste water from chemical…
In Q3 2024, CMA CGM Kaohsiung Terminal Co. Limited ordered five hybrid Konecranes Rubber-Tired Gantry (RTG) cranes for its container handling operations at the main port in Taiwan. The cranes will be delivered in mid-2025 with the most sophisticated…
The fifth cargo of liquefied natural gas (LNG) from Russia's Arctic LNG 2 has been picked up by a vessel managed by a company under U.S. sanctions, according to ship tracking data.The Arctic LNG 2 project by Russia's Novatek is also subject to Western sanctions over Russia's war with Ukraine…
Wallenius Wilhelmsen’s expanded Brunswick, Ga., port facility is now home to Develon and Hyundai Construction’s North American Customization Plant (NACUP), following the move from Savannah, Ga.The move from Savannah to Brunswick allows the NACUP to increase in size by more than 50%…
A Global Centre for Maritime Decarbonisation (GCMD)-led consortium has conducted ship-to-ship transfers of ammonia at anchorages within the Port of Dampier in Australia’s Pilbara region.Two transfers took place between the Green Pioneer, owned by Mitsui O…
