News
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India’s Deendayal Port Authority to spend $745m for capacity growth
The terminals will be built on a build-operate-transfer (BOT) basis under a public-private partnership (PPP) model India-based Deendayal Port Authority has unveiled plans to invest $745m (Rs59.63bn) to build two mega cargo handling terminals. The port is situated in the Kutch district of the Indian state of Gujarat. Both terminals…
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Norway and Honduras support expanded IMO Council
Support from 117 IMO Member States is required for the amendments to the Convention on the International Maritime Organization to come into force. Norway has become the first country to accept amendments to expand the size of the Council, extend the term of its Members, and recognize three additional language…
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The African Development Bank (AfDB) approved $271 million in development financing for Egypt
The African Development Bank Board (AfDB) of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to support efforts to mitigate the impact of the global shocks on the domestic economy from the Russia-Ukraine conflict and to preserve resilience. The program…
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ABS : Zero Carbon Outlook Top Takeaways
What might a well-to-wake approach mean for shipping? This year’s Setting the Course to Low Carbon Shipping: Zero Carbon Outlook, the fourth in a series of outlooks designed to guide the maritime industry in decarbonization, examines the potential of reaching zero emissions in shipping. Here are just a few of…
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New Times Shipbuilding’s 210,000DWT bulk carrier launched
On July 15, the launching of 28#210,000DWT dual-fuel bulk carrier built by New Times Shipbuilding for Eastern Pacific Shipping was successfully completed. MOUNT JADEITE is 299.95m long, 294.75m long between two columns, 50m wide, and 25.2m deep. It has a design draft of 18.4m, a structural draft of 18.48m, a cargo…
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DP World’s offer to acquire 100% stake in Imperial successfully concluded
Imperial Logistics Limited (‘Imperial’) and DP World Logistics FZE (‘DP World’) are pleased to advise that all conditions precedent regarding DP World’s offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled. The transaction is now unconditional and will be implemented on 14 March 2022. “We…
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Renewable liquid hydrogen supply chain between Portugal and Netherlands on the horizon
Shell New Energies NL BV, ENGIE, Vopak, and Anthony Veder have signed an agreement to study the feasibility of producing, liquifying, and transporting green hydrogen from Portugal to the Netherlands, where it would then be stored and distributed for sale. The consortium envisions hydrogen being produced by electrolysis from renewable…
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Port of Rotterdam : Install wind turbines safely and fast in a choppy sea
Imagine a fierce storm, rough sea, and choppy waves. The special PuppeteerTM robot installs the sails of the wind turbine, coolly and with great precision from a rocking vessel. Click, done. Welcome to the world of X-Laboratory, the Rotterdam-based company that makes tools and software which enable wind farms to…
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CEVA Logistics continues Africa Expansion with Spedage Interfreight Acquisition
Spedag Interfreight, an Africa-focused, international freight forwarding expert CEVA Logistics now present in 44 countries in Africa Acquisition advances next steps in CEVA’s Africa, global growth strategy MARSEILLE, France – As part of its strategic growth plan, CEVA Logistics announced today that it has closed the acquisition of Spedag Interfreight,…
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July 18th – Panama Canal waiting time for non booked vessels (Days)
Neopanamax locks: Significant improvement for Neopanamax Northbound transits from 11 to 5 days, while for Southbound’s, average waiting times went from 9 to 10 days. Panamax Locks: Increase of 1 day (average) for both Supers and Regulars Northbound’s transits. Reference of July 16 at the end of this article. How…
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