Ingram Forms Material Handling and Supply Chain Subsidiary
Nashville-based Ingram Barge Company announced it has formed a new material handling and supply chain solutions subsidiary, Ingram Infrastructure Group.The move, fueled by the company's acquisitions of Inland River Transport Holdings (SCF) and NexStar Solutions, is intended to enhance Ingram's end-to-end supply chain solutions capabilities.Ingram acquired integrated river transportation and logistics services provider SCF from SEACOR Holdings following the signing of a purchase agreement last October.Ingram currently operates across more than 4,500 miles of the U.S.
APM Terminals to Develop Container Terminal at Plaquemines Port
Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options. APMT, one of the largest terminal operators in the world and is a subsidiary of shipping giant A.P. Moller-Maersk, estimates the initial investment in terminal infrastructure will be approximately $500 million…
Snam to Invest in Ravenna FSRU
Italian gas grid operator Snam will invest 1 billion euros ($1.1 billion) in a new LNG offshore terminal near Ravenna, the company's CEO said on Tuesday.The floating storage and regasification unit (FSRU) will add to another LNG terminal already set up in Tuscany, increasing Italy's gas import capacity and reducing dependence from its traditional suppliers, including Russia."To increase energy security for Italy we decided last year, together with the government, to increase the country's LNG import capacity in order to have more flexibility and diversify energy supplies…
US Awards More than $653 Million for Port Projects
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP).The investments—part of the largest dedicated funding for ports and waterways in history, nearly $17 billion through the President’s Bipartisan Infrastructure Law—are intended to help grow capacity and increase efficiency at coastal seaports, Great Lakes ports and inland…
New FSRU Arrives in France as Greenpeace Blocks Port
A new LNG floating storage regasification unit (FSRU) arrived in western France on Monday morning, a TotalEnergies' spokesperson said, as activist group Greenpeace tried to prevent it from entering port.Demand for liquefied natural gas (LNG) in Europe has grown in the wake of the war in Ukraine, with France relying on its four LNG terminals to replace Russian gas imports and help supply neighbors like Germany.The Cape Ann FSRU arrived at Le Havre port on Monday morning, LSEG ship tracking data showed.However, environmental group Greenpeace blocked the tanker's course in protest at what they sa
APM Terminals to Invest $1 Billion in Brazilian Terminals by 2026
Maersk's APM Terminals has pledged a €962 million (US$1 billion) investment in its Brazilian operations up to 2026.This figure includes a €296 million of a total €483 million investment exclusively for the Phase One development of a new terminal in Suape. The terminal, located in Estaleiro Atlântico Sul, is in the final stages of acquisition and will rejuvenate infrastructure and increase competition in the port.APM Terminals has committed an additional €666 million of investment to the company’s four other terminals and inland depots, by 2026.
Stena Line Acquires Ferry and RoRo Port Operations in Ventspils
Stena Line announced on Tuesday that it has acquired the operations of the ferry and RoRo terminals in the Port of Ventspils, Latvia, representing the latest in a range of investments in the Baltic region, including the addition of upgraded ferries and new ferry routes.The acquisition in Latvia is the latest among several moves to support Stena Line’s long-term expansion in the growing Baltic Sea region. Stena Line has operated the route between Ventspils and Nynäshamn, Sweden…
CK Hutchison to Invest $700M in Two Major Egyptian Ports
CK Hutchison Holdings port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion.Hutchison Ports said it would invest in the development of a new container terminal in the Red Sea port of Ain Sokhna, and in B100, a new container terminal in the Mediterranean port of Alexandria.In a separate statement, Cosco Shipping Ports Limited said it would invest 25% in the Sokhna New Container Terminal - a new terminal built by the Egyptian government.The operating period for the project is 30 years…
Ports & Logistics: Building A New Energy Industry
2022 closed with significant developments to advance offshore wind (OSW) and the necessary, related work required at U.S. ports – on the east and west coasts and the Great Lakes. Some of these developments included:Funding – MARAD’s Port Improvement Development Project (PIDP) grants provided over $100 million for wind at four ports.Corporate leadership – Marine giants Foss and Crowley stepped up to lead development projects in California and Massachusetts.New industry focus – The American Association of Port Authorities (AAPA) started a program called POWERS – “Port Opportunities With Energy…
Insolvency at European Storage Terminal Supports Tank Storage Rates
The insolvency of a major storage terminal planned in northwest Europe has supported regional tank storage rates for diesel and gasoline, just as European traders rush to fill up diesel tanks ahead of a Feb. 5 ban on Russian fuel.Earlier this month, the district court in Rotterdam declared the insolvency of the long-delayed HES Hartel Tank Terminal, to be developed in Europe's major trading port of Rotterdam.The terminal would have offered 1.3 million cubic metres of storage capacity for gasoline…
Louisiana Announces $1.8 Billion Port Expansion Project
A public-private partnership between the state of Louisiana, the Port of New Orleans and two global maritime industry leaders will build a $1.8 billion container facility on the Lower Mississippi River, Gov. John Bel Edwards announced.The new Louisiana International Terminal (LIT) in St. Bernard Parish will be able to serve vessels of all sizes, increasing Louisiana’s import and export capacity and stimulating the creation of more than 17,000 new jobs statewide by 2050, Port NOLA estimates.New Jersey-based Ports America…
Tuscany Requests Costly Compensations for New Italian LNG Terminal
The region of Tuscany has asked for hundreds of millions of euros in investments in exchange for allowing a new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino, the Italian region said.In a statement on Monday, the region's administration said it had approved the new terminal, adding it was sending a list of requests to the national government.In June Italian state-controlled gas grid operator Snam bought a new floating storage and regasification unit (FRSU) in an effort to boost the country's energy security in the face of dwindling Russian gas supplies.Tuscany President E
Shenghong Petrochemical Preps Terminal for Super Tankers
Chinese refiner Shenghong Petrochemical Corp, part of the listed Jiangsu Eastern Shenghong Co 000301.SZ, has readied a new terminal to receive Very Large Crude Carriers and boost the refiner's logistics efficiency, a company representative said. The Lianyungang terminal in Jiangsu province is able to dock super tankers with capacity of 300,000 tonnes deadweight.The refiner, which started trial operations at its 320,000 barrel per day crude distillation unit in May, is in the process of starting up secondary and petrochemical units…
First LNG Shipment Arrives at New Dutch Floating Terminal
The first ship to bring a cargo of liquefied natural gas (LNG) to a new terminal at the Dutch port of Eemshaven has docked and has started the unloading process, the gas grid operator said on Thursday, part of Europe's bid to cut reliance on Russian gas.The LNG tanker Murex berthed alongside the regasification unit at the new EemsEnergyTerminal, which can handle 8 billion cubic meters (bcm) of gas a year, a Gasunie spokesperson said."Everything is going perfectly," Marie-Lou Gregoire of Gasunie said.The terminal, near Groningen, has two Floating Storage Regasification Units (FSRUs) that Gasuni
Gasunie to Charter New Fortress Energy FSRU to Reduce Dutch Reliance on Russian Gas
New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170,000 m3 of liquefied natural gas with peak regasification capacity of 900 mmscfd. New Fortress Energy's FSRU will work in tandem with a third party’s FSRU to provide up to 8 bcm per year of total regas capacity.
Foss to Develop Offshore Wind Terminal in New Bedford
The Port of New Bedford in Massachusetts will add another base of operations and terminal logistics facility to support offshore wind projects off the northeastern coast seaboard.Foss is partnering with key local investors of New Bedford’s Cannon Street Holdings LLC (CSH) to develop the 30-acre site, currently home to the decommissioned Cannon Street Power Station in the city’s central waterfront. The former Sprague/Eversource site was selected for its proximity to offshore wind blocks located approximately 15 miles south of Martha’s Vineyard and Nantucket islands.
New Terminal Operator at Ports of Indiana-Jeffersonville
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. It will grow and diversify cargoes, make investments into facility expansions and drive projects that create significant economic benefits for the regional economy.The port’s general cargo terminal consists of a 10-acre parcel of land adjacent to the Ohio River…
Long Beach's All-electric, Zero-emissions Mega Terminal Completed
The Port of Long Beach announced it has completed a new container terminal, which it ranks as one of the world's most technologically advanced cargo facilitiesThe Long Beach Container Terminal at Middle Harbor is equipped with nearly all electric and zero-emissions equipment designed to improve cargo flow and dramatically enhance air quality amid an era of significant growth at the nation’s second-busiest seaport.“As the world’s first all-electric, zero-emission mega terminal…
MSC Unveils New Miami Cruise Terminal
MSC Group's Cruise Division has signed a contract with Fincantieri for the construction of a new mega cruise terminal at PortMiami, a North America and the Caribbean cruise hub.The new terminal reflects an investment of approximately €350 million ($414.4 million) and will be made up of a multi-level central body to serve as many as three latest generation ships at the same time, with up to 36,000 travelers transiting every day. Designed by the award-winning global architecture firm Arquitectonica…
Meyer Turku Cuts Steel for Carnival's Next Mega Cruise Ship
Finnish shipbuilder Meyer Turku held a steel cutting ceremony for Carnival Cruise Line's next Excel-Class ship, the 180,000-gross-ton Carnival Celebration, slated to debut from PortMiami in 2022.The newbuild is a sister ship the 5,200-passenger Mardis Gras—the largest vessel in the Carnival fleet—delivered in December 2020. Like Mardi Gras, Carnival Celebration will run on liquefied natural gas (LNG) and include BOLT, the first roller coaster at sea, along with unique design features created specifically for this vessel, and new signature venues that will be specific to this ship.
COVID-19 Puts Copenhagen Cruise Terminal on Ice
With uncertainty surrounding business in general, and specifically the future shape and form of the cruise industry, it was announced the the establishment of the new cruise terminal in Copenhagen is postponed indefinitelyA very significantly changed cruise market, due to the crisis with the coronavirus pandemic, means that Copenhagen Malmö Port (CMP) will postpone the establishment of what was planned to be a new cruise terminal at Copenhagen’s Oceankaj.With the prospects for healthy growth in the Copenhagen cruise market…
COVID-19: Your LMS Can Help You Now More Than Ever
It is clear that we are living in unprecedented times. Equally clear is that we will get through this pandemic, but that it is going to take some strength, stamina and especially some innovation to come through as unscathed as possible. It is the innovation part that I wish to address here with some tips that go beyond training; tips I am observing our customers innovate and implement. Tips that help us solve some of the problems created by the impacts of this pandemic. My hat is off to these customers for their can-do spirit in these difficult times…
WACT to commence Phase 2 Upgrade
The West Africa Container Terminal (WACT) is quickly earning a reputation as the gateway to Eastern Nigeria and a strong alternative to ports in Lagos.Investment in the Phase 2 upgrade, due to commence within the next 18 months, will help meet volumes, which have grown consistently over the past three years.“The Phase 2 upgrade includes the acquisition of three additional Mobile Harbour Cranes (MHCs) bringing the total in operation to five; 20 Rubber Tyre Gantry Cranes (RTGs); three Reach Stackers; 13 terminal trucks and trailers and an empty container handler," said WACT’s Commercial Manager, Noah Sheriff.“The upgrade will also include the installation of reefer racks with a 600-plug capacity…