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Logistics Infrastructure News

04 Feb 2024

Ingram Forms Material Handling and Supply Chain Subsidiary

© steheap / Adobe Stock

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.

16 Oct 2023

Australian Report Backs Coastal Shipping to Boost Supply Chain Security

David Michael (Source: WA Government)

A report into the security of Western Australia's supply chains has recommended policy and regulatory reforms to support Australian-owned shipping lines competing for domestic sea-freight work.The recommendation has been made in a report by the Western Australian (WA) Government's Shipping and Supply Chain Taskforce. Co-chaired by Kyle McGinn and Jessica Stojkovski, the Taskforce was established following the floods in South Australia in early 2022 that cut off supplies of essential…

12 Sep 2023

Top Global Ports May Be Unusable by 2050 Without More Climate Action

© snvv / Adobe Stock

Some of the world's largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to speed up decarbonization of the maritime sector and bring in new technology are vital, a study showed on Friday.Weather-related disruptions are already impacting ports across the globe. These include a drought which is hampering operations in the Panama Canal, a top waterway.The Global Maritime Trends 2050 report, commissioned by leading shipping services group Lloyd's Register and the independent charity arm Lloyd's Register Foundation…

03 Feb 2023

UK Freeports Risk Harboring International Crime

© korhil65 / Adobe Stock

A significant element of the U.K. government’s levelling up plan to create thousands of jobs, regenerate more deprived areas and attract overseas investors is the introduction of freeports. These special low-tax trading zones allow all kinds of businesses to trade.Under the U.K. model, freeports can encompass two different kinds of sites. On customs sites, authorized businesses will be able to import certain goods with simplified customs documentation and without paying tariffs. Domestic goods can also be held in a customs site and used in any manufacturing process.

17 Jun 2022

Biden Signs Ocean Shipping Reform Act Into Law

President Biden at the Port of Los Angeles on June 10, 2022. (Photo: @POTUS / Twitter)

President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had "promised to crack down on ocean carriers whose price hikes have hurt American families."The new law boosts the investigatory authority of the Federal Maritime Commission (FMC), the U.S. agency that oversees ocean shipping…

04 May 2022

Vopak, Gasunie Team Up to Build Hydrogen Import Infrastructure in Dutch, German Ports

Credit:Gasunie

Vopak, a Dutch natural gas infrastructure and transportation company operating in the Netherlands and Germany, has teamed up with the tank storage firm Gasunie to jointly develop future terminal infrastructure projects for hydrogen import into Northwest Europe via Dutch and German ports. The two companies have collaborated in the Gate LNG terminal in the Port of Rotterdam that came into operation in 2011."Alongside domestic production of hydrogen, large-scale import of green hydrogen will become essential for reaching the European Green Deal and the Fit for 55 targets.

22 Feb 2022

GES Closes Rotterdam Terminal Deal

(Image: GES)

Global Energy Storage (GES) announced it has closed the transaction to acquire part of the Stargate Terminal from Gunvor Group in Europoort, Port of Rotterdam.GES, which signed a binding agreement to take over the site in November 2021, now owns four Class 1 product tanks totaling over 212 thousand cubic meters with long-term off-take from Gunvor. In addition, GES has acquired the rights to develop approximately 20 hectares of vacant land. Furthermore, it is pursuing expansion projects to support the Energy Transition…

19 Jan 2022

WasteFuel to Launch Bio-methanol Marine Fuel

©  NAN / Adobe Stock

Low-carbon biofuels developer WasteFuel announced the launch of WasteFuel Marine, a renewable fuel solution for the shipping sector. WasteFuel Marine’s initial product will be bio-methanol for container ships.WasteFuel said it aims for its marine fuels to reduce CO2 emissions by 95% and nitrogen oxide emissions by up to 80% compared to conventional fuels.“Methanol has exceptional appeal as a renewable fuel - it can use existing logistics infrastructure, works with proven engine designs and has a lower production cost relative to other renewable fuels.

16 Nov 2021

Philly Shipyard Nets First Contract in U.S. Offshore Wind Market

Credit: Philly Shipyard

U.S. shipbuilder Philly Shipyard has won a contract from the dredging giant Great Lakes Dredge & Dock Company to build a Jones Act-compliant subsea rock installation vessel that will serve the growing U.S. offshore wind market.The contract award, first in the U.S. offshore wind space for the shipyard, is worth around $197 million. Great Lakes, the U.S. largest dredging services provider, will have a right of first refusal on a second ship. If both ships are ordered, then the total contract value of the two-ship program would be around $382 million."Over the past several years…

03 Nov 2021

CMA CGM to Buy Los Angeles' FMS Container Terminal

(Photo: Fenix Marine Services)

Shipping group CMA CGM has agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a crucial hub for transpacific trade.CMA CGM currently has a 10% stake in FMS and it is to buy the remaining 90% from investment fund EQT Infrastructure III on the basis of an enterprise value of $2.3 billion, CMA CGM and EQT said on Wednesday.France-based CMA CGM, one of the world's largest container shipping lines, expects to pay out around $1.8 billion for the 90% stake and will finance the deal from its

24 Nov 2020

Deal Struck to Deliver Maritime Biofuel in Fujairah

Gary Hubbard, Chief Commercial Officer of Neutral Fuels and Lars Liebig, Managing Director of UED.

Uniper Energy DMCC (UED) and Neutral Fuels will collaborate to provide maritime biofuel in Fujairah, UAE.The companies will blend UED’s VLSFO and Neutral Fuels biofuel, creating a maritime fuel that meets IMO standard under their ISO8217:2010 RMG380 specification, cutting emissions of carbon dioxide.“The collaboration is aimed to address climate protection, the predominant social issue in the world today," said Lars Liebig, Managing Director of UED. "UED’s mission is to help countries…

27 Mar 2020

Transnet to Cut Transport of Non-Essential Cargo During Lockdown

© OscarDiMalva /Adobe Stock

South Africa's logistics firm Transnet said it would reduce transport services and non-essential cargo operations during a nationwide lockdown that began at midnight on Thursday to contain the coronavirus.The state-owned company said shipments of metals and minerals would depend on demand and government approval. It was unclear if these exports would be affected.The transport of coal to state-run utility Eskom's power stations would continue, Transnet said.Transnet operates nearly three quarters of the African rail network…

10 Sep 2018

Maritime's Future is Digital, Clean

Marco Ryan, Chief Digital Officer, Wärtsilä, discusses the engineering company’s digital transformation, as well as its investment in ‘an oceanic awakening’ and its leadership in the SEA20 project. (Photo: Greg Trauthwein)

Last week in Hamburg, Germany, SMM 2018 was held, the single biggest and arguably best exhibition on the maritime calendar globally. Maritime Reporter & Engineering News/MarineLink.com had a crew of seven on scene in Hamburg covering multiple, simultaneous conferences and meetings, a full schedule of social events and, of course, the signature four-day exhibition which saw nearly 2,300 exhibitors and more than 50,000 visitors.The Maritime Reporter & Engineering booth in hall A1.410 was also home to the Maritime Reporter TV 'studio'…

25 May 2018

Zvezda Shipyard to Build an Advanced Ice Class Tanker for Rosneft

AO Rosnefteflot, a subsidiary of Rosneft, and Zvezda shipyard signed a contract during the St. Petersburg International Economic Forum for the construction of a shuttle tanker Arc6 with a deadweight of 69,000 tons. The contract provides for an option to build a second similar vessel. At the same time, a 20-year charter agreement was signed between Rosneft and Rosnefteflot. The tanker will be used for safe export of oil and petroleum products from Trebsa and Titova fields. Arc6 ice class tankers are designed for operations where ice thickness is up to 1.5 m and ambient temperature is down to -45 degrees Co. The maximum length of the tanker is 257 meters, its width is 34 meters, draft is 14 meters, height is 21 meters, speed is 15.5 knots.

26 Mar 2018

APL's Direct Service to Chu Lai

APL announced that APL Chu Lai, a 1,200-TEU vessel, has made her maiden direct call at the Chu Lai Tam Hiep Port on 24 March. This officially commences APL’s new weekly Chu Lai Haiphong Express (CHX) service that is delivering its first inbound shipment of automobile components from Japan trans-shipped via Shekou. The cargo has duly arrived for the newly-opened Truong Hai Automobile Joint-Stock company (THACO) – Mazda owned plant situated in the Chu Lai Open Economic Zone. Speaking at an event graced by Mr. Nguyen Xuan Phuc, Prime Minister of the Socialist Republic of Vietnam, APL Global Commercial Head, Indika Dassanayake said, “We are excited to be opening a direct sea route to Chu Lai in Central Vietnam via the APL Chu Lai Haiphong Express service.

22 Mar 2018

DP World, Tata Group Mull Cooperation Opportunities

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior  executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jafza, and Mahmood Al Bastaki, CEO, Dubai Trade. Bin Sulayem outlined DP World’s operations across 40 countries, and its role in enabling trade across the global supply chain by providing industry-leading services, including the Jebel Ali model of integrated port and free zone, which is now gaining popularity around the world.

22 Jan 2018

DP World, India’s NIIF to Create USD 3 bln Investment Platform

The National Investment and Infrastructure Fund (NIIF), India’s first sovereign wealth fund, and Dubai-based ports operator DP World have announced the creation of an investment platform to invest up to $3 billion in ports, terminals, transportation and logistics businesses in India. The partnership follows the Memorandum of Understanding (MoU) signed in May 2017 and the visit to India of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, in February 2016. The platform will also look at opportunities beyond sea ports such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage.

23 Jan 2016

DP World to Develop Russian Ports

Dubai-based port operator DP World and the Russian Direct Investment Fund have launched a joint venture to develop ports, transportation and logistics infrastructure in Russia. Signed on the sidelines of the World Economic Forum in Davos, Switzerland, the deal will give DP World an 80 percent stake in the new company, while the Russian government-backed fund will hold the remainder, news agency WAM reported. The company will be called DP World Russia and over time could invest $2 billion to upgrade port infrastructure in different parts of Russia. “Russia has always been an attractive market with great prospects for long-term development.

30 Mar 2017

MOL Invests in PKT Logistics

Mitsui O.S.K. Lines has announced that it acquired 20.9% share in PKT Logistics Group (PKT), a leading Malaysian logistics company. PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors. PKT owns and operates state-of-the-art, environment-friendly warehouses at its 'One Logistics Hub' in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total. In 2014, PKT acquired a strategic 70-acre piece of land in Batu Kawan Industrial Park, Penang, to develop the 'One Auto Hub'. The 'One Auto Hub' is PKT's landmark investment to support the logistics needs of automotive and electronics manufacturers in the north of Malaysia.

04 May 2016

Adani Ports Profit Up

Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer and part of Adani Group, has announced the financial results for the fourth quarter and year ended March 31, 2016. Consolidated cargo across all ports handled by the company was 152 MMT in FY16, an increase of 5 percent, over corresponding period last year, including 3.35 million TEUs, up 17 percent from 2.87 million TEUs last year. Consolidated cargo for Q4FY16 stood at 37 MMT thereby continuing its leadership as the single largest commercial port in India. Consolidated total income increased by 16 percent to Rs. 7,941 crore in FY16 as compared to Rs. 6,838 crore in the corresponding period last year and consolidated EBIDTA increased by 19 percent to Rs. 4,651 crore in the current year as compared to Rs.

30 Jul 2017

SOHAR Port Breaks Container Throughput Record

SOHAR has released new figures showing a solid first-half of 2017, as both the Port and Freezone continue to play a crucial role in the diversification and globalisation of Oman’s economy. Despite on-going issues in the maritime industry and the continued lull in global oil prices, container volumes in Q2 of 2017 grew by 11% from the same quarter last year, as SOHAR emerges as one of the region’s prime logistical hubs. Container throughput at the Hutchison-managed terminal has grown threefold over the past five years, in line with significant investments to increase efficiency to the highest international standards. The new Terminal C features remote-controlled quayside cranes…

04 Sep 2016

DP World Signs MOU With Summa Group In Russia

Global trade enabler DP World and the Summa Group, a diversified business with significant infrastructure investments in Russia, have signed a Memorandum of Understanding (MoU) to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation. According to the MOU, the parties have decided to enter into preliminary discussions to consider the potential of a relationship between them to develop investment opportunities in ports, special economic zones and inland logistics facilities in the far east of the Russian Federation, including in the ports of Vladivostok and Zarubino.

20 Oct 2016

Panama Canal Cargo Tonnage Zooms

Strong container traffic, newly introduced segments and the Expanded Canal all contribute to the 330.7 million tons of goods welcomed through the Canal in FY16, the third highest amount ever recorded. Panama City, Panama, October 20, 2016 – At the close of the 2016 fiscal year (FY16), the Panama Canal Authority (ACP) recorded the third-highest annual tonnage in its history, welcoming 330.7 million Panama Canal tons (PC/UMS). A total of 13,114 vessels transited the Panama Canal during the fiscal period from October 1, 2015 to September 30, 2016. Of these, 238 were Neopanamax vessels that took advantage of the newly opened Expanded Canal during the first three months of its operation, accounting for 18.2 million PC/UMS.