Global Port News

The state of Great Lakes port infrastructure is one of the biggest issues facing the U.S. and Canadian maritime industries. According to the America Great Lakes Ports Association, “Due to years of inadequate funding, the U.S. Army Corps of Engineers has been unable to maintain Great Lakes navigation infrastructure. Over the next five years Great Lakes navigation channels will require $540 million of dredging to maintain authorized channel dimensions. Breakwaters and other federal…

DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar) to explore and implement renewable energy systems across its global port operations in the Middle East and Africa.The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global supply chain.Over the course of the three-year partnership, DP World and Masdar will work together to identify optimal sites for the potential deployment of solar and energy storage systems…

Inbound cargo volume at the United States’ major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.“Only about 12% of U.S.-bound cargo comes through the Suez Canal but the situation in the Red Sea is bringing volatility and uncertainty that are being felt around the globe,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “U.S.

Inbound cargo volume at the United States’ major container ports should continue to slow in the final weeks of 2023 after reaching its peak later than expected this fall, according to the Global Port Tracker report recently released by the National Retail Federation and Hackett Associates.“We originally thought peak season would come in August but imports kept growing in September and again in October,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

A consortium of Saudi Archirodon and DEME has been awarded the second phase of transformation work for the Port of NEOM, the primary seaport of entry to northwest Saudi Arabia.Based in Oxagon, Port of NEOM is located along the coast of the Red Sea and is adjacent to the nearby Suez Canal, through which 13% of global trade passes. The port will be a critical enabler to the overall build, operations and economic ambitions of NEOM, facilitating the import of goods and materials during the development phase and as a new global port serving the region.The project will commence in December 2023.

The Pyxis Ocean has made its first docking in Brazil with its new metal sails installed.The bulk carrier docked at the Port of Paranaguá in Brazil on Sunday, September 24. It has metal sails 37.5 meters high and is chartered by Cargill. After loading, it will transport its cargo of 63,000 tons of soybean meal to Poland.The sail technology, BAR Tech WindWings, was developed by BAR Technologies, in partnership with Yara Marine Technologies and Mitsubishi, witn support from the European Union.The Governor of the Brazilian state of Paraná, Carlos Massa Ratinho Junior, visited the vessel last week.

CMA CGM announced it has finalized its acquisition of two container terminals in the Port of New York and New Jersey as the France-based shipping and logistics group grows its supply chain presence in the United States.The company announced in December 2022 that it struck a deal to acquire the Bayonne and New York terminals from Canada's Global Container Terminals (GCT). Terms of the transaction were not disclosed, but media reports indicated the deal could be worth around $3 billion."Through this strategic investment…

Abu Dhabi-based AD Ports Group has signed a 25 years agreement with Singapore-based Crystal Offshore a logistics solution provider to the marine & offshore Industry to build an offshore rig and vessel repair base in Abu Dhabi's Khalifa Port.Under the agreement, a 20,000 square meter plot of land and an associated quay wall in Abu Dhabi's Khalifa Port will be allocated for Crystal Offshore to construct a base, featuring office facilities and fabrication workshops to provide advanced repairs and refits to jack-up rigs as well as marine and offshore vessels.Saif Al Mazrouei…

Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container volume to remain soft going into this autumn - when retailers like Walmart (WMT.N) should be well into holiday season preparations.The Global Port Tracker now expects U.S. container imports of 10.4 million 20-foot equivalent units (TEU) for the first half of the year, a reduction of nearly 4% from its prior forecast.

Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of wind turbine components (WTGs) at its Port of Nigg facility. The news comes as the final turbine foundations for Seagreen arrive at Nigg to be prepared for installation at Seagreen offshore wind farm site, 27km off the coast of Angus.Seagreen…

Imports at the United States’ major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“The holiday season has already started for some shoppers and, thanks to pre-planning, retailers have plenty of merchandise on hand to meet demand,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

Rarely does a vessel come along with the potential to radically change the way an industry operates, but one such vessel is set to hit the water in 2023.This new vessel, a towboat named Hydrogen One, is being developed by Louisiana-based Maritime Partners, the largest lessor of marine equipment in the U.S. It will be the first of its kind globally to run on emissions-reducing methanol-to-hydrogen generator technology—no diesel propulsion on board—as the maritime industry continues…

Israel said on Thursday it will sell Haifa Port, a major trade hub on its Mediterranean coast, to winning bidders Adani Ports APSE.NS of India and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion).Gadot and Adani made it to the end of a two-year tender process that Israel hopes will lower import prices and help shorten notoriously long wait times at Israeli harbors."The privatization of the port of Haifa will increase competition at the ports and lower the cost of living…

HMM Co Ltd, South Korea's largest container shipping company by sales, said on Thursday it plans to invest 15 trillion won ($11.46 billion) over the next five years to sharply increase its capacity.HMM plans to expand its shipping capacity to 1.2 million 20-foot equivalent units (TEU) from the current 820,000 TEU by 2026 and increase the number of bulk carriers to 55 from 29.

The Baltic Exchange's main sea freight index gained to its highest in nearly three weeks on Monday, helped by an uptick in capesize and panamax vessel rates.The overall index, which factors in rates for capesize, panamax and supramax vessels, added 18 points, or 0.7%, to 2,596, a peak since June 1.The capesize index gained 44 points, or 1.47%, to 3,031, the highest since May 26.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose by $362 to $25,138.Global port congestion is set to continue until at least early 2023 and keep spot

Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs, while the Russia-Ukraine conflict and lockdowns in Shanghai have added to supply chain disruptions this year."We believe the current congestions, not only the ports but also the landside infrastructure…

Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022.PortLink and Wärtsilä Voyage have partnered in the past – collaborating on projects including the co-development of a Port Management Information System (PMIS) for the largest Mediterranean and African port…

Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine, and other strains cause even longer delays at ports and drive up costs.The study by analysts at Royal Bank of Canada (RBC) found that one-fifth of the global container ship fleet was currently stuck in congestion at various major ports.In China, ships awaiting berth at the Port of Shanghai now tally 344, a 34% increase over the past month…

The Port of Antwerp is adapting to losing shipping trade with Russia and its merger with the neighboring Port of Zeebrugge is set to boost overall volumes in coming years, the group's chief executive said on Thursday.Global shipping companies including leading container lines have cut business ties with Russia due to Moscow's invasion of Ukraine and the imposition of Western sanctions. While food and medical shipments are still allowed, overall exports to Russia have been hit…

Imports at the United States’ major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.“This has been an unprecedented year,” said Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy. “We’ve seen more disruption than ever before because of issues along every step of the supply chain and continued strong consumer demand…

Ports and terminal operators are entering a new era where the operational threats they face – both old and new – will make a return to ‘business as usual’ increasingly unlikely, even once the pandemic finally subsides.Transition to new technologies and digitally enabled systems, addressing the impact of climate change, defending against cyberattacks and shifting geopolitics will couple with traditional supply chain and operational risks to change the face of the sector.According to Global Port Trends 2030…

Imports at the United States’ congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Dockworkers are unloading ships as fast as they can, but the challenge is to move the containers out of the ports to make room for the next ship,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

The Australian Maritime College (AMC), part of the University of Tasmania (UTAS), and the International Association of Maritime and Port Executives (IAMPE) have signed a Memorandum of Understanding (MOU) agreeing to work together on professional development for the maritime and port industry. Under the MOU, AMC and the IAMPE will acknowledge and endorse each other’s programs related to port and terminal education and training. The IAMPE will look to provide a professional certification as Marine Terminal Operator (MTO) to AMC undergraduate students for successfully completing the maritime undergraduate program. In addition, AMC is reviewing IAMPE programs for the granting of academic credit to graduate students in their new Maritime Business Administration in Maritime Management program.