It's on us. Share your news here.
It's on us. Share your news here.
We see major overhangs of supply in all three categories of vessel type, container, dry and liquid bulk. There is far too much tonnage chasing too little cargo as demand has evaporated and the result of that is that freight rates and charter rates are all sinking to rock bottom with no sign of relief…. Read More
I know, I know … it’s all easier said than done, but those who don’t keep up are almost guaranteed to be left on the beach looking at changing trades flows sailing to competing ports, or regions. A session on cybersecurity at a recent shipping conference that I attended has great implications for ports. The… Read More
The Port of New York and New Jersey will soon complete a multiyear $2.1 billion project to deepen its channel to 50 feet, enabling it to handle some of the biggest container ships afloat. But officials say the channel may need to be widened in certain locations to further ease the passage of the mega-ships… Read More
Banks and financial institutions (FI) are not keen to fund shipping and shipbuilding sectors, says the financial newspaper. “Banks are simply reluctant to lend (to this sector) on a long-term basis,” Mercator Ltd CFO Prasad Patwardhan has been quoted as saying. “Funding tenure needs to match dredging contract period, which is usually for 15-20 years…. Read More
Last December, the federal government repealed a 40-year ban on exporting U.S. produced crude oil, legislation that was enacted originally to protect the United States from foreign oil shortages. This landmark achievement positions the Coastal Bend to be a major hub for crude exports, further strengthening the case to deepen and widen the Corpus Christi… Read More
International data buoy manufacturer Ocean Scientific International Ltd (OSIL) is reporting extensive use of its 0.7m small field buoy on international dredging projects. The lightweight, easily re-positionable buoys can be repeatedly deployed to follow in the path of dredgers in order to monitor plume activity. They are often complimented by the OSIL 1.2m Tern buoys,… Read More
A top businessman is urging council bosses to beef-up investment in Perth Harbour or face losing it for good. Master butcher Simon Howie has fired off a bleak warning over the future of the local authority-owned port. Perth and Kinross Council is drawing up a business strategy for the harbour, after councillors voted to retain… Read More
The town of Palm Beach just landed an estimated $3 million worth of free beach sand, underscoring the positive possibilities of Port of Palm Beach dredging. That latest routine maintenance dredging project, eliminating natural sand buildup, and enhancing harbor navigation by keeping the Lake Worth Inlet at its authorized 33-foot depth, suggests that doing the… Read More
Dredge it or lose it, is the message from CentrePort as public consultation launches on plans to scoop a 7-kilometre channel for heavy sea traffic into Wellington Harbour. CentrePort is about to apply for resource consent to dredge 6 million cubic metres of sediment from the harbour floor – enough to fill a million concrete… Read More
The $5.2 billion expansion of the Panama Canal was expected to make US East Coast ports more competitive for cargo ships carrying televisions, tennis shoes, and other products from Asia. But those hopes are fading. As the wider, deeper canal nears its debut next month, ports that stand to gain aren’t ready to handle the… Read More
MORAY’S new £2.5 million dredger will be officially named during a ceremony at Buckie harbour. MV Selkie will be officially launched by the Lord Lieutenant of Banffshire, Clare Russell. Members of the public are invited along to witness the ceremony, which will begin just before noon with a welcome from the convener of Moray Council,… Read More
Talks may be going on behind the scenes regarding the Falmouth Gateway project and the capital dredging of the harbour but Cornwall Council now need to give some positive reassurance to the public at large that it is fully committed to this important scheme that will catapult Cornwall into the international limelight if and when… Read More
Four port operators have been pre-qualified to compete for the design, development, financing, construction, operation and maintenance of the Panama Canal’s eastern side Corozal container terminal. The companies were: APM Terminals B.V. (Netherlands); Terminal Link (France); PSA International Pte., Ltd (Singapore) and Terminal Investment Limited, S.A. (Netherlands). “The result of this process demonstrates the potential… Read More
The large-scale dredging of Miami’s port to accommodate the newest generation of freighters, an undertaking that prompted a long-running battle with environmentalists, caused widespread damage to a portion of the area’s fragile and already distressed coral reef, according to a new report by the National Oceanic and Atmospheric Administration. The report, based on a December… Read More
“Competitors beware.” So says the Port of Philadelphia in an advertising supplement in a recent issue of The Journal of Commerce. “Container volumes moving through the Port of Philadelphia are on the rise and projected to continue to climb,” the opening paragraph states. Truth is, the port handled a fraction of the cargo containers that… Read More