krogragg

Category: Ports and Logistics

  • Quebec grain terminal changes hands

    Quebec grain terminal changes hands Parrish & Heimbecker, a Canadian, a family-owned agri-business, has acquired a deepwater bulk marine export terminal in Quebec City from Societe En Commandite Terminal Grains, which has been operated by Sollio Agriculture since 2021. “The addition of a Quebec City terminal is a strong fit for our long-term growth strategy,”…

  • Singapore appoints new chief executive of Maritime and Port Authority

    Singapore appoints new chief executive of Maritime and Port Authority The Maritime and Port Authority of Singapore (MPA) is getting a new chief executive in June. Ang Wee Keong, the assistant chief executive (international) of the Infocomm Media Development Authority (IMDA), has been named chief executive-designate from May 1 to June 15. He will relinquish…

  • Iran port blast kills at least 18 and injures hundreds

    Iran port blast kills at least 18 and injures hundreds A massive explosion killed at least 18 people and left around 800 others injured near Iran’s biggest port, Bandar Abbas. The blast, which took place at Shahid Rajaee terminal on Saturday morning, damaged multiple buildings in the area and caused additional fires. Aerial footage showed…

  • CMA CGM buys into Egyptian inland port

    CMA CGM buys into Egyptian inland port French shipping and logistics giant CMA CGM has agreed to buy a 35% stake in Egypt’s October Dry Port (ODP). Officially launched in November 2023, ODP is Egypt’s first dry port and the first public-private partnership project in the Egyptian transport sector under the EBRD Green Cities program.…

  • Uptick in blank sailings as US and China trade tariff blows

    Uptick in blank sailings as US and China trade tariff blows Global supply chain managers are having to contend with more blanked container sailings as the world’s top two economies show no sign of giving ground in an escalating trade war. China responded today to US president Donald Trump’s cumulative 145% tariffs, placing 125% tariffs…

  • Global shipping ‘stifled’ by Trump’s tariffs

    Global shipping ‘stifled’ by Trump’s tariffs Shipping stocks remain under severe pressure today as the world comes to terms with the immensity of Wednesday’s tariff announcements from US president Donald Trump.  The average US tariff rate has now been set at just under 25%, levels not seen since the 1930s and the days of the…

  • Trump ignites global trade war, major economies vow retaliation

    Trump ignites global trade war, major economies vow retaliation US president Donald Trump has slapped additional tariffs of 34% on imports from China, also hitting emerging manufacturing powerhouses like Vietnam and Cambodia hard, while targeting European Union imports with 20% tariffs, and adding a baseline of 10% on most goods imported to the US. As…

  • Beijing looks to put the brakes on the sale of Hutchison Ports

    Beijing looks to put the brakes on the sale of Hutchison Ports Beijing has moved to prevent the sale of CK Hutchison’s ports division to BlackRock and Mediterranean Shipping Co (MSC), a transaction that was meant to have gone through tomorrow.  The decision last month by the Li Ka-shing-controlled conglomerate to sell 80% of Hutchison…

  • Maersk seals 33-year lease extension at port of NY and NJ

    Maersk seals 33-year lease extension at port of NY and NJ AP Moller-Maersk has reached an agreement with the Port Authority of New York and New Jersey to extend APM Terminals Elizabeth’s lease through December 2062. Originally set to expire in 2029, the 33-year lease extension “paves the way for major infrastructure investments which will…

  • Investigators warn 68 American bridges are at risk from a Dali-style accident

    Investigators warn 68 American bridges are at risk from a Dali-style accident The one-year anniversary since 2024’s most high-profile ship accident is next week, and the fallout from the Dali containership’s destruction of a bridge in Baltimore continues to permeate throughout the US.  In the early hours of March 26 last year, the Dali lost…

  • Beijing blasts sale of Hutchison Ports

    Beijing blasts sale of Hutchison Ports CK Hutchison’s share price plunged today in Hong Kong following Beijing’s public criticism of its plans to sell the majority of its ports division to BlackRock and Mediterranean Shipping Co (MSC) for $22.8bn, bringing into question whether the transaction, the largest ports deal in history, will be completed. Hong…

  • Australia’s competition regulator flags concerns over DP World’s takeover of Silk Logistics

    Australia’s competition regulator flags concerns over DP World’s takeover of Silk Logistics Australian consumer watchdog ACCC (Australian Competition and Consumer Commission) has voiced concerns over DP World’s proposed acquisition of port-to-door logistics specialist Silk Logistics. Silk operates 21 logistics hubs and 25 warehousing sites across five Australian states. The company is expected to become part…

  • Hapag-Lloyd’s ports arm takes over terminal in Le Havre

    Hapag-Lloyd’s ports arm takes over terminal in Le Havre Hapag-Lloyd’s terminal and infrastructure division Hanseatic Global Terminals (HGT) has acquired a 60% stake in CNMP (Compagnie Nouvelle de Manutentions Portuaires), operator of Atlantique container terminal in Le Havre, France. The remaining 40% of the shares in CNMP will continue to be held by temperature-controlled food…

  • South Africa seeks operator for multipurpose terminal in Durban

    South Africa seeks operator for multipurpose terminal in Durban South Africa’s Transnet National Ports Authority (TNPA) is looking for an operator for a multipurpose terminal in Durban. The state-run ports and freight-rail operator has invited interested parties to submit proposals to design, develop, fund, build, operate, maintain, and transfer the terminal in the Maydon Wharf…

  • Shipping in the crosshairs as trade uncertainty hits all-time high

    Shipping in the crosshairs as trade uncertainty hits all-time high At no point since tracking began on the subject have global trade policies been more uncertain than right now, according to one index developed in the US.  The Trade Policy Uncertainty (TPU) Index (see chart below) developed by four employees at the Federal Reserve Board…

  • A.P. Moller Capital buys into Philippine logistics firm

    A.P. Moller Capital buys into Philippine logistics firm A.P. Moller Capital has agreed to acquire 40% of the Philippine logistics company AC Logistics (ACL) from Ayala Corporation. Established in 2021, ACL offers supply chain solutions covering cold chain solutions, freight forwarding, national distribution, and contract logistics. The Copenhagen-based infrastructure fund management affiliate of A.P. Moller…

  • CMA CGM’s Saadé vows to invest $20bn into the US over the next four years

    CMA CGM’s Saadé vows to invest $20bn into the US over the next four years CMA CGM’s Rodolphe Saadé was in the White House yesterday, unveiling a $20bn planned investment into the US.  The huge investment over the next four years would create 10,000 jobs, CMA CGM said, and include expanding container terminals, building an…

  • Andrew Craig-Bennett on globalisation

    Andrew Craig-Bennett on globalisation The editor (whom God preserve!) is of the opinion that CK Hutchison’s sale of their ports and terminals operation to a consortium of BlackRock and MSC marks the end of globalisation as an idea which rules our thinking on trade in general and trade by sea in particular, and that the…

  • Kazakhstan Railways and PTC to build container terminal in Georgia

    Kazakhstan Railways and PTC to build container terminal in Georgia Kazakhstan’s main rail network operator Kazakhstan Railways (KTZ) signed a memorandum of understanding with transport and logistics services firm PTC Holding for the construction of a container terminal in Georgia. The two will look to build a multimodal container terminal in the city of Poti…

  • ONE boxship collides with Maersk vessel in Hong Kong

    ONE boxship collides with Maersk vessel in Hong Kong On Saturday evening the 364 m long ONE Columba allided with the 6,600 teu Clifford Maersk in Hong Kong port with videos showing a number of containers falling off the Maersk ship. The accident happened as the ONE vessel was proceeding to berth, its bow ramming…

  • CORE POWER launches civil nuclear program focused on floating power plants

    CORE POWER launches civil nuclear program focused on floating power plants Shipping nuclear propulsion start-up CORE POWER has announced that it will develop a US-anchored maritime civil nuclear program that will bring floating nuclear power to the market by the mid-2030s. The program, named Liberty, will encompass modular construction of advanced fission technology and create…

  • CMA CGM and AD Ports establish Congo terminal venture

    CMA CGM and AD Ports establish Congo terminal venture French liner giant CMA CGM has reached an agreement with AD Ports Group to jointly develop, manage and operate the new multipurpose terminal at the Port of Pointe Noire in the Republic of the Congo. The deal will see the formation of a joint venture majority-owned…

  • Seafarers’ struggles in global ports

    Seafarers’ struggles in global ports Steven Jones, the founder of the Seafarers Happiness Index, reflects on the frustration about the treatment of seafarers in many ports around the world. When thinking about seafarers’ happiness, it is tempting to assume their greatest challenges occur far out at sea. However, new insights reveal a different story—seafarers are…

  • Panama Canal, Paris Agreement and Gulf of Mexico: the three shipping takeaways from Trump’s first hours back

    Panama Canal, Paris Agreement and Gulf of Mexico: the three shipping takeaways from Trump’s first hours back Wresting back control of the Panama Canal, renaming the Gulf of Mexico and exiting from the Paris Agreement were three of the shipping takeaways in the first hours following the inauguration of Donald Trump yesterday as the 47th…

  • Shipping readies to navigate new Trump era

    Shipping readies to navigate new Trump era Today marks the end of the Joe Biden administration in the US, one of the most profitable four-year periods for shipping. With the return of Donald Trump to the White House, the shipping industry has many questions about what the future of global trade holds, some of which…

  • AD Ports readies boxship investments in Caspian region

    AD Ports readies boxship investments in Caspian region AD Ports Group has moved to expand its operations in the Caspian Sea region with two containership newbuilds. Noatum, the maritime and shipping arm of the Abu Dhabi-based ports and logistics giant, has signed a deal with Kazmortransflot, a subsidiary of Kazakh national oil company KazMunayGas, to…

  • Svitzer books another battery-powered newbuild

    Svitzer books another battery-powered newbuild Danish towage operator Svitzer is adding another battery-powered newbuild to its fleet. The Copenhagen-based group with more than 450 vessels has contracted the Turkish Sanmar Shipyard to build the unit for delivery in the second half of 2025.  The electric tug, based on the design of naval architect Robert Allan,…

  • Wallenius Wilhelmsen seals deal for Gothenburg terminal

    Wallenius Wilhelmsen seals deal for Gothenburg terminal Norwegian car carrier player Wallenius Wilhelmsen has reached an agreement to take over the terminal operations at Sweden’s Gothenburg port from February 2026. The Oslo-listed company said its aim is to develop Scandinavia’s largest port for vehicles, acting as an integrated supply chain partner and transforming the terminal…

  • US east coast strike averted

    US east coast strike averted The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) have reached a tentative agreement on all items for a new six-year master contract averting a potentially damaging strike on the US east and Gulf coasts next week. The two sides agreed to continue to operate under the current…

  • Major Chinese port group bans tankers on OFAC’s sanctions list

    Major Chinese port group bans tankers on OFAC’s sanctions list Shandong Port Group has banned any tanker sanctioned by the US from calling at its ports.  The group oversees major ports on China’s northeast coast including Qingdao, Rizhao and Yantai, which are among the biggest destinations for sanctioned oil from Russia, Iran and Venezuela. Reuters…

  • ASCO scores $88m contract in Norway

    ASCO scores $88m contract in Norway Aberdeen-based energy logistics group, ASCO, has won a contract from Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The deal covers base and logistics services as well as continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination. The potential total…

  • US east coast port talks set to resume

    US east coast port talks set to resume Talks are set to resume tomorrow between employers and dockworker unions across the US east and Gulf coasts in a last-ditch bid to avert a strike pencilled in for January 15.  Following a three-day strike last October, the International Longshoremen’s Association (ILA) reached an agreement with the…

  • Crowley acquires mooring specialist Main Line

    Crowley acquires mooring specialist Main Line US shipping conglomerate Crowley has bolstered its harbour services through the acquisition of compatriot vessel mooring business Main Line. The Florida-based company said the move would provide its customers calling on the ports of Seattle and Tacoma “with a comprehensive solution for their vessel mooring and ship assist needs”.…

  • Boxship capsizes at Turkish port

    Boxship capsizes at Turkish port A Comoros-flagged containership, Amnah, tilted sideways and then capsized at the Ambarli port in Turkey. The incident took place on Monday at about 04.00 hrs local time due to imbalanced load distribution. The rescue team evacuated 10 of the 15 crewmembers, while the remaining five were forced to jump into…

  • Qube Ports faces more strikes across Australia

    Qube Ports faces more strikes across Australia Strikes at major Australian ports are set to continue in an ongoing dispute between unionised workers and Qube Ports over contract negotiations. Work stoppages will take place in Adelaide, Brisbane, Darwin, Gladstone, Melbourne, and Port Kembla. On Monday, union members went on strike at 10 ports around the…

  • Israel strikes ports and oil facilities in Yemen

    Israel strikes ports and oil facilities in Yemen Multiple fatalities have been reported following a series of Israeli airstrikes on Yemen’s port infrastructure and oil storage facilities in the ports of Ras Isa and Hodeidah.  According to reports by Houthi-controlled media, the attacks killed at least nine people, seven in the port of Salif and…

  • Trump comes out in support of dockworkers in automation battle on US east coast

    Trump comes out in support of dockworkers in automation battle on US east coast President-elect Donald Trump has backed dockworkers in their automation battle with employers on the US east and Gulf coasts, citing his America first mantra. Unionised workers and employers have not been able to agree terms for a new labour deal, with…

  • Investors sought to take over Sri Lanka’s top shipyard

    Investors sought to take over Sri Lanka’s top shipyard Japan’s Onomichi Dockyard is cashing out of Sri Lanka’s largest shipyard. The Japanese company intends to sell its 51% shareholding in Colombo Dockyard and end a management agreement that has been in operation for over three decades Colombo Dockyard is in preliminary discussions with a number…

  • Hutchison Ports Yantian launches first on-dock electric truck chassis battery swapping station

    Hutchison Ports Yantian launches first on-dock electric truck chassis battery swapping station Hutchison Ports Yantian and QIJI Energy, a subsidiary of the world’s largest EV battery manufacturer Contemporary Amperex Technology, have launched the world’s first on-dock chassis battery swapping station for electric trucks. This innovative system transforms the traditional hour-plus charging process into a mere five-minute operation,…

  • MSC completes Hamburg port investment

    MSC completes Hamburg port investment Mediterranean Shipping Co (MSC), the world’s largest container line, has completed its buy-in into the port of Hamburg, radically changing the container port landscape in northern Europe in the process.  MSC now controls 49.9% in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), with the city of Hamburg holding a 50.1% stake…

  • ONE buys into Jakarta terminal

    ONE buys into Jakarta terminal Japanese liner Ocean Network Express (ONE) has bought a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia for an unspecified price. Built in 2016, NPCT1 has an annual capacity of 1.5m teu and can accommodate the largest ships afloat today. Other shareholders in the terminal are shareholders…

  • PSA and Evergreen form Singapore box terminal joint venture

    PSA and Evergreen form Singapore box terminal joint venture Singapore’s PSA International and Taiwanese liner Evergreen have established a new joint venture terminal in Singapore, set to start operations by the end of this year. The strategic partnership will offer long-term terminal capacity assurance to the world’s seventh-largest carrier’s fast-expanding global vessel fleet in PSA…

  • The Greater Bay Area and shipping in the spotlight

    The Greater Bay Area and shipping in the spotlight Why working with nearby southern Chinese cities is an imperative for Hong Kong. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. The Greater Bay Area, Beijing’s attempt to unite nine cities in Guangdong with Hong Kong and Macau into…

  • DP World buys Australia’s Silk Logistics

    DP World buys Australia’s Silk Logistics Dubai-based ports and logistics player DP World has reached an agreement to acquire Australian port-to-door logistics services provider Silk Logistics. The transaction, subject to shareholder approval of Silk Logistics and standard closing conditions, values the company at about A$174.5m ($115.6m) or A$2.14 per share. Silk Logistics operates 21 logistics…

  • A $1.3trn market opportunity drives into Asia

    A $1.3trn market opportunity drives into Asia Pushpank Kaushik, CEO of Jassper Shipping, writes for Splash today on electric vehicle adoption in emerging Asia. The electric mobility wave is transforming markets worldwide, but in Asia’s emerging economies, its impact extends deeply into social, environmental, and public health spheres. India, now the world’s largest market for…

  • Höegh Evi moves to develop French hydrogen import terminal

    Höegh Evi moves to develop French hydrogen import terminal Norway’s Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas…

  • Canada faces port strikes on east and west coasts

    Canada is facing the real threat of strikes on both its west and east coasts.  Employers at British Columbia’s ports say they have received 72-hour strike notice from the union representing about 700 foremen in an ongoing labour dispute.  The B.C. Maritime Employers Association (BCMEA) said yesterday that if the International Longshore and Warehouse Union…