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Each year, ports on the Great Lakes dredge tons of material to keep shipping lanes open. But disposing of the spoils is a big problem. The Port of Toledo has a creative approach: farming. The Toledo-Lucas County Port Authority dredges more sediment than any port on the Great Lakes – up to a million cubic… Read More
The ministry of shipping has decided to give financial assistance of up to 50% of the project costs by revising its Centre Shipping Scheme. The projects which would be covered under the scheme are construction or upgradation of exclusive coastal berths for coastal cargo and berths or jetties for passenger ferries; mechanization of coastal berths;… Read More
Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil’s second-busiest container port, according to two people with direct knowledge of the plans. Earlier this year, Boston-based Advent had announced plans… Read More
The expansion at one of the world’s fastest growing container, bulk cargo and roll-on roll-off vehicle transport ports, will add 1,000 metres of quay wall to the port and deepen its main channel and basin to 18 metres from the current 16 metres. The new quay wall will add an additional 600,000 sqm for cargo… Read More
NORBIT Subsea has released version 10.0. This updated firmware/software package increases the performance of the WBMS family of systems with the industry’s highest resolution side-scan-snippets (which take full benefit of the cylindrical array and the 80kHz FM bandwidth), roll stabilization over 160° swath (Applanix interfaced), flexible water column display / output and enhancements to the… Read More
The Aotea Maersk will become the largest container ship ever to visit New Zealand when it calls at Tauranga on Oct. 4 as the port nears the end of a $350 million investment plan that has enabled its terminals to handle larger vessels. Aotea Maersk’s capacity of 9,640 twenty-foot-equivalent units will dwarf the 5,000-TEU ships… Read More
West Bengal has framed a draft maritime policy following formation of a maritime board, which it didn’t have so long though being a maritime state. The state with a coast line and shore line of 158kms has been operating two river based dock systems in Kolkata and Haldia under the aegis of Kolkata Port Trust… Read More
The Union government has sought West Bengal’s view whether development of Tajpur port proposed by the state can be done in a centre-state joint venture mode as in Sagar port, which, has otherwise, no economic viability, said a top Kolkata Port official. “Given the geographical disadvantages, the proposed Sagar Port, in standalone, would not be… Read More
Billionaire Li Ka-shing’s Hutchison Port Holdings Ltd. is set to start its second Pakistan terminal after a five-year delay, giving mega vessels access to the coastal city of Karachi for the first time. Hutchison’s terminal operations in South Asia’s second-largest economy will commence before the end of this year, as agreed with the Karachi Port… Read More
The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd, a deal that will give SGX access to a trading platform for the multibillion-dollar freight derivatives market. The exchanges have agreed on the terms of the SGX offer, they said in a joint statement on Monday, with Baltic shareholders entitled to… Read More
The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said. The modifications to these bigger oil carriers –… Read More
As water recedes through portions of Louisiana, local and state officials are focusing on how such a disaster can be prevented in the future. U.S. Sen. Bill Cassidy made stops Monday in New Iberia and Morgan City to talk with residents and members of the businesses community on how to move forward from the massive… Read More
New York’s conservation chief is challenging the effectiveness of recently completed dredging of contaminated sediment from the upper Hudson River, saying unacceptably high levels of industrial waste were left behind. Commissioner Basil Seggos said that dredging improved the Hudson but that the federal Environmental Protection Agency needs to re-evaluate the six-year project and get objective… Read More
Wärtsilä says an inland waterways barge powered with its integrated solution will result in an 82% reduction in NOx emissions, a 90% reduction in particulate matter and a 20% reduction in CO2 Wärtsilä is helping to drive down emissions in the inland waterways sector by powering barges with its LNG dual fuel package, writes Anne-Marie… Read More
Local, state and federal officials lauded the opening Monday of the Great Lakes Dredged Material Center for Innovation, saying the facility represents a milestone in the re-use of material that would otherwise be deposited in Lake Erie. Paul Toth, president and chief executive officer of the Toledo-Lucas County Port Authority, said it was time to… Read More