Dubai-based port and terminal operator DP World reported a profit attributable to owners of $313 million for the first half of 2020, a decrease of 58.5 % from the last year’s equivalent of $753 million. However, the company reported a revenue growth of 17.7 % on a reported basis having booked $4.07
Saudi Ports Authority is the latest port to prohibit discharges of exhaust wash water in its waters from ships fitted with open-loop scrubbers, one of the alternative measures of being compliant with the IMO 2020 Sulphur Cap. The port authority is acting on instructions received from the General Aut
Denmark-based shortsea operator Unifeeder A/S, part of Dubai-based port and terminal operator DP World, has unveiled the acquisition of three businesses of Transworld Group.
Marine-i has invited Expressions of Interest (EoIs) from businesses who want to bring forward new solutions that will support the development of floating wind in the Celtic Sea. The collaborative project, set up to support marine technology businesses in Cornwall and the Isles of Scilly, is seeking
The shipping industry could lose up to 40,000 jobs as more than 50% of the people in shipping lines work from home now due to the coronavirus pandemic, Lars Jensen, CEO, SeaIntelligence Consulting believes. “COVID-19 has proven that our systems work, as we’re still able to move 85% of global value a
The Port of Cortlandt project, developed by a consortium led by AKRF Inc. and pre-qualified for bidding at the State of New York’s latest offshore wind solicitation, has released more details on the plans to utilise a waterfont site in the Town of Cortlandt for offshore wind activities. In July, New
South Korean shipping major HMM revealed plans to form a joint venture company with Singapore’s port operator PSA International.
Hong Kong’s biggest container port facility Kwai Tsing Container Terminals has been linked to around 65 coronavirus infection cases, Bloomberg reported. According to local media outlets, the virus was most probably picked up from communal resting facilities and dormitories, where social distancing m
The two busiest U.S. container ports, the Port of Long Beach and Port of Los Angeles, experienced a major rebound in July posting a significant increase in handled cargo, which has been on the decline for months due to the impact of the coronavirus pandemic. Terminal operators and dockworkers at the
Plaquemines Port Harbor and Terminal District (PPHTD) recently signed a letter of intent (LOI) with “several potential partners” to develop a multimodal container terminal in Plaquemines Parish, Louisiana.
Jan De Nul has installed nine of the 21 jacket foundations at the Taiwan Power Company Offshore Windfarm Phase 1 Project – Demonstration offshore Taiwan. Offshore installation vessel Aegir, which Jan De Nul Group chartered from Dutch Heerema Marine Contractors, is installing the 1,100 metric tonne j
UK’s port group PD Ports has officially opened a multi-million pound bulks handling facility at Teesport, a move that is said to represent an important milestone in the revival of the Tees Valley.
The container terminal in Beirut sustained only minor damages and has restarted its operations, German shipping major Hapag-Lloyd said in an update.
Additional funds will provide two more years of maritime innovation for the region
