Shipping News
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Adapt or starve: COP27 spotlights agriculture challenges and solutions in the face of climate change
Small-scale farmers from developing countries produce one-third of the world’s food, yet they only receive 1.7 per cent of climate finance even as they are forced to cope with droughts, floods, cyclones and other disasters. This sentiment echoed through dozens of pavilions and conference rooms in Sharm el-Sheikh on Saturday…
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Port of San Diego extends agreement with Sunken Seaweed
The Port of San Diego is adding five years onto its agreement with Sunken Seaweed, LLC., a local startup demonstrating the feasibility and benefits of seaweed and shellfish aquaculture in San Diego Bay. The Port is also investing an additional $100,000 in the project in exchange for an increase in…
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Intermarine joins forces with WeShip Projects and launches Intermarine Asia
Intermarine joins forces with project and breakbulk cargo specialist WeShip Projects to launch Intermarine Asia and strengthen Intermarine’s position in Europe. Torben Reinhard and Lars Steen Rasmussen, partners in WeShip and well-known names in the industry, join Intermarine’s commercial team as part of the deal. Svend Andersen, CEO of Intermarine,…
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Saudi Ports Register 15.33% Growth in October Container Throughput
Container throughput across the Kingdom’s ports continued its upward year-on-year movement during October 2022, soaring to 694,517 TEUs at 15.33% from last year’s total of 602,210 TEUs. Optimizing operational efficiency and attracting big-ticket investments have remained a major focus for the Saudi Ports Authority (Mawani) in its journey to stay…
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Adani Ports acquires 49.38% stake in Indian Oiltanking Ltd for Rs 1,050 Cr
APSEZ becomes India’s largest third-party liquid tank storage player Indian Oiltanking Ltd (IOTL) is one of India’s largest third-party liquid tank storage players APSEZ has acquired 49.38% stake in IOTL and an additional 10% stake in one of its subsidiaries (IOT Utkal) Acquisition is well aligned with APSEZ’s strategy of…
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A.P. Moller – Maersk to open doors to a new 100,000 sq. ft warehouse at Chattogram, Bangladesh
The three-storied facility is expected to go live by December 2022 and will help in addressing the warehousing capacity crunch faced by exporters out of Chattogram, Bangladesh. Maersk’s total warehousing footprint in Bangladesh will cross 300,000 sq. ft. with this new facility. Dhaka, Bangladesh: A.P. Moller – Maersk (Maersk), the…
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ICHCA Welcomes Transport Events Limited as New Member
The global association representing cargo handling companies ICHCA International (ICHCA) is delighted to welcome Transport Events, the organisation responsible for coordinating some of the largest trade events in the industry as a new member This new partnership has been welcomed by both parties as a framework to support their mutual…
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