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Ports
Articles
From
Bloomberg
via
gCaptain
US Agency Conducting Due Diligence On Adani’s Sri Lanka Project
By Dan Strumpf Nov 24, 2024 (Bloomberg) –A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting...
From
Reuters
via
gCaptain
Russian Strikes Have Damaged 321 Ukrainian port Infrastructure Facilities, Zelenskiy Says
KYIV, Nov 23 (Reuters) – Russian drone and missile attacks have damaged 321 Ukrainian port infrastructure facilities since July last year, President Volodymyr Zelenskiy said on Saturday. Twenty merchant ships belonging to other countries were also damaged by Russian strikes, he...
From
Reuters
via
gCaptain
Australia Protest Forces Ship To Abort Arrival At Coal Port, 170 Arrested
SYDNEY, Nov 24 (Reuters) – A climate change protest off the coast of Australia’s New South Wales State forced an inbound ship to turn back from the country’s largest terminal for coal...
From
Bloomberg
via
gCaptain
Mexico Looks Past Trump Threats With $2.7 Billion Port Expansion
By Alex Vasquez Nov 23, 2024 (Bloomberg) –Mexico is looking beyond the incoming Trump administration’s threats of tariffs, betting on a bright future for global merchandise trade no matter what actions...
From
Mike Schuler
via
gCaptain
London Gateway Tapped as Gemini Cooperation’s UK Hub as Felixstowe Misses Out
Maersk and Hapag-Lloyd have selected London Gateway as their primary UK hub for the upcoming Gemini Cooperation, set to launch on February 1, 2025. As part of a broader network...
From
Mike Schuler
via
gCaptain
US Ports Sector Outlook Stable for 2025 Despite Economic Headwinds, Moody’s Reports
The US ports sector is poised for a year of modest growth in 2025, according to a recent Moody’s Ratings report. Despite facing economic challenges, the industry’s outlook remains stable,...
From
Mike Schuler
via
gCaptain
Adani Group Chairman Indicted in $250 Million Bribery Scandal
Gautam S. Adani, chairman of the Adani Group and a key figure in India’s ports and shipping sector, has been indicted along with seven other senior business executives in connection...
From
Mike Schuler
via
gCaptain
Cargo Surge Continues at Port of Los Angeles
The Port of Los Angeles handled an unprecedented 905,026 Twenty-Foot Equivalent Units (TEUs) in October—marking a significant 25% increase from the previous year and the first time the port has...
From
Mike Schuler
via
gCaptain
Green Shipping Corridors Face ‘Feasibility Wall’
The maritime industry’s ambitious push towards zero-emission shipping through green corridors is gaining momentum but faces critical challenges, according to the latest “Annual Progress Report on Green Shipping Corridors 2024”...
From
Mike Schuler
via
gCaptain
Biden Administration Injects Another $580 Million into U.S. Ports
The U.S. Department of Transportation’s Maritime Administration (MARAD) has unveiled a significant investment of nearly $580 million to bolster port infrastructure across the nation. The funding, part of the Bipartisan...
From
Reuters
via
gCaptain
Starting Latin America Trip, Xi Jinping Opens Huge Port in Peru Funded by China
By Eduardo Baptista, Marco Aquino, Lucinda Elliott LIMA, Nov 14 (Reuters) – Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive...
From
Mike Schuler
via
gCaptain
Port of Long Beach Shatters All-Time Cargo Record
The Port of Long Beach handled nearly 1 million twenty-foot containers in October, setting new record as the port’s busiest month in its 113-year history. Fueled by soaring demand for...