The Trump administration has doubled its maritime insurance backstop to $40 billion, expanding a flagship effort to restart commercial shipping through the Strait of Hormuz—even as shipowners continue to largely stay away. The U.S. International Development Finance Corporation (DFC) and Chubb Limited announced Friday that six additional U.S. insurers—Travelers, Liberty Mutual, Berkshire Hathaway, AIG, Starr Companies, and CNA Financial—have joined the Maritime Reinsurance facility, contributing… Read More
Abu Dhabi, UAE – 06 April 2026: Noatum Ports, the international ports operating arm of AD Ports Group (ADPORTS:ADX), today confirmed the delivery of three new ship-to-shore (STS) and six rubber tyred gantry (RTG) cranes to its new multipurpose terminal in Safaga, Egypt, marking a crucial step ahead of the opening later this year of… Read More
Hambantota International Port Group (HIPG) will invest $108 million in new container handling equipment to expand capacity and strengthen its role as a regional logistics hub. The agreement with Shanghai Zhenhua Heavy Industries Co., Ltd. includes six quay cranes, 16 RTGs, and 40 trailers as part of Phase II terminal development. The new cranes will allow the port… Read More
This milestone surpasses the previous record of 10.13 million tonnes set in 2021, driven by a surge in key export commodities including wheat, along with growing volumes of project cargo supporting major renewable energy projects across NSW and beyond. CEO Craig Carmody said the record result demonstrates both the strength of the Port’s diversification strategy… Read More
Deployment progresses toward one of Europe’s largest automated terminal tractor fleets APM Terminals Maasvlakte II in the Port of Rotterdam, together with Embotech and Terberg Special Vehicles, has inaugurated five additional electric, automated terminal tractors (ATTs) at the terminal, marking the next step in the rollout of automated container transport. The ATTs form the third batch… Read More