COSCO Shipping Holdings has announced plans to invest CNY19.7 billion ($2.7 billion) to raise its stake in two major Chinese ports. The company will spend CNY18.9 billion ($2.6 billion) to raise its equity in Shanghai…
The Port of Long Beach will receive a $30.1 million grant from the U.S. Department of Transportation (USDOT) to deploy zero-emissions cargo handling equipment. The news comes as the USDOT announced more than $703 million…
Pacific International Lines (PIL) has introduced the PIL Intermodal Services, offering train, truck, and barge services to complement its container shipping services. The PIL Intermodal Services are available across its…
The Port of Oakland witnessed a year-on-year 7.9 per cent loss in total loaded container volume last month. The port experienced declining volumes in August also. Last month, 132,599 loaded TEU passed through the port…
German operator Hamburger Hafen und Logistik AG (HHLA) has created an innovation cluster to test hydrogen-powered equipment in port logistics. On 28 October 2022, partner companies from over the world attended the…
DCT Gdańsk, the largest container complex in the Baltic Sea region has changed name to ‘Baltic Hub’. Upon completion of its third deepsea terminal by 2025, Baltic Hub will become one of the largest container terminal…
APM Terminals Mobile handled 56,545 TEU in September 2022. The figure, which topped July’s record of 52,911 TEU, makes September the largest throughput month since APM Terminals’ container operations began at the port in…
The U.S. Department of Transportation (USDOT) has announced more than $703 million to fund 41 projects to improve port facilities. Funds are available through the Maritime Administration’s Port Infrastructure Development…
Four Alaskan coastal communities will receive a total of $112 million in investments for port-related infrastructure and ferry terminal projects. US Senators Lisa Murkowski and Dan Sullivan made the announcement on 26…
The Saudi Arabia government has announced the launch of the Global Supply Chain Resilience Initiative (GSCRI). Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for…
Chinese carrier COSCO has given up its shares in the construction of the new Duisburg Gateway Terminal (DGT) in Germany. COSCO’s share in the terminal amounted to 30 per cent, which have now been sold to Duisburg port…
The state of California has allocated $94 million in Transportation Department grants to bolster infrastructure at six California ports. The investment focuses on electrification, emissions reduction, and port…
