News
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Port of Oakland A+ and A ratings affirmed by Moody’s
Ratings reflect the Port’s financial picture Moody’s Investors Service (Moody’s) has affirmed the Port of Oakland’s A1 senior lien and A2 intermediate lien credit ratings. The rating outlook assigned by Moody’s to both liens remains at Stable. “These ratings represent great dedication and professional excellence by our Port staff,” said…
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COSCO SHIPPING Bulk Signs Cooperation Agreement with GSBN
COSCO SHIPPING Bulk signed a cooperation agreement with Global Shipping Business Network (GSBN) virtually, officially becoming a new member of the GSBN consortium. It indicates that COSCO SHIPPING Bulk has become an important part of GSBN to expand its non-container shipping business and build a more complete global blockchain platform.…
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Svanehøj : Develops new fuel pump for LNG-powered ships
With the launch of a completely new pump design for LNG, Svanehøj becomes the first supplier on the marine market to offer both deepwell pumps and submerged pumps for electric fuel systems. The aim is to gain a larger share of the attractive and strongly growing LNG market The demand…
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PORT OF LOS ANGELES AWARDS RECORD $1.3 MILLION IN COMMUNITY GRANTS
Funding to 36 Local Organizations Supports Environmental Initiatives, Workforce Development, Youth Education and the LA Waterfron The Port of Los Angeles has awarded an unprecedented $1,321,350 in grants to support 36 nonprofit organizations undertaking initiatives benefiting the communities of the Los Angeles Harbor area. Funding for the Fiscal Year 2022/23…
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Damen Maaskant presents future proof solutions at the Fishery Festival
Combined innovations and services from Damen Shipyards for fishing fleet At the Damen Maaskant Fishery Festival on Saturday September 3rd, numerous possibilities were presented for entrepreneurs in fishing to improve their fleet in terms of emissions, fuel economy, energy efficiency and profitability. Booths from various divisions within the Damen Shipyards…
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DNV and partners to develop autonomous ship technology
The entities will carry out a joint study to deploy autonomous navigation systems on board ships. DNV has entered a memorandum of understanding (MoU) with Hyundai Heavy Industries (HHI), AVIKUS, and Liberian International Ship & Corporate Registry (LISCR) for the development of autonomous ship technology. Under the multilateral MoU, the entities…
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King Abdulaziz Port : Anew record during the month of August, the highest in its history
King Abdulaziz Port in Dammam achieved a new record by handling 199,609 TEUs last August, which is the highest number in the volume of handling within one month in the port’s history. Achieving this volume of handling came with a difference of more than 11,000 containers from the largest record…
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SAFEEN Feeders Joins CMA CGM Group in Launching New Service for Southeast Asia
AD Ports Group’s SAFEEN Feeders will collaborate with shipping leader CMA CGM Group, a global player in sea, land, air and logistics solutions, in launching a new Southeast Asia service linking Singapore, Colombo and Chennai. The company’s SAFEEN Pioneer, which has a container capacity of 2,034 TEUs, will join CMA…
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WB : Delivers Record $31.7 Billion in Climate Finance in Fiscal Year 2022
The World Bank Group delivered a record $31.7 billion in fiscal year 2022 (FY22) to help countries address climate change. This is a 19% increase from the $26.6 billion all-time high in financing reached in the previous fiscal year. The Bank Group continues to be the largest multilateral financier of…
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Medgulf a new regular service to CMA CGM between Italy and Central America
CMA CGM, one of the world’s largest container lines, reported a net profit of $7.6 billion for the second quarter From next 29 September the French shipping company CMA CGM will activate, with the departure of the ship CMA CGM Navegantes, a new regular service (with weekly frequency) between Italy…
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