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After an intense two-year competition, a consortium led by a Spanish company in severe financial distress learned that its rock-bottom bid of $3.1 billion had won the worldwide competition to build a new set of locks for the historic Panama Canal. The unlikely victors toasted their win at La Vitrola, a sleek restaurant in an… Read More
On Friday, workers at Hyundai Heavy Industries said that they may strike alongside the unions at Samsung Heavy Industries and at Daewoo Shipbuilding and Marine Engineering. With possible labor actions pending at all of South Korea’s Big Three shipbuilders, government and shareholder proposals for restructuring may become more difficult. “The company brought us a list… Read More
Myanmar’s new government has been grappling with its first economic management crisis, as a weeks-long traffic jam of cargo ships at the country’s biggest port threatens to scare potential investors away and choke off nascent economic growth. The bottleneck at the dilapidated port was caused by a spike in demand for goods as the opening… Read More
Gazprom and Shell signed on Thursday a memorandum of understanding on construction of a liquefied natural gas (LNG) plant on the Russian coast of the Baltic Sea. The memorandum says the companies will look into possibilities of building the LNG plant in the port of Ust-Luga with an annual capacity of 10 million tonnes. Gazprom… Read More
Efforts by London to sharpen its appeal as an attractive home for shipowners appear to be working following a claim by one London-based Greek that more Greek shipowners are considering moving to the capital. “Relocations are already happening,” said Costas Savvides, General Manager of Vantage Shipping Lines, “because many companies have experienced that the banks… Read More
More draft restrictions due to a lack of dredging is preventing three marine terminal at the Brazilian port of Santos from handling fully loaded ships with capacities of 9,000 twenty-foot-equivalent units. The restrictions at the busiest container port in Brazil and South America could lead to less cargo moving through three terminals as competitors within… Read More
Demand for raw materials from the U.S. manufacturing and construction sectors has kept St. Lawrence Seaway cargo shipments at a solid pace, despite tough economic conditions for some commodities. Despite an overall drop in volume so far this year, there were a number of positive cargo categories between March 21 and May 31, compared to… Read More
It would be easy to mistake the scene at Sparrows Point, a five-square-mile waterfront site outside Baltimore, Maryland, for a case of simple post-industrial neglect.Weeds grow on many of the quays at the port that once employed 30,000 people and the slightest wind produces conditions akin to a desert dust storm. But the presence in… Read More
An organization representing states and Canadian provinces in the Great Lakes region released a $3.8 billion plan Wednesday designed to improve their shared maritime transportation system and make cargo shipping more competitive. Aside from doubling maritime trade, the region’s first-ever waterborne transportation strategy is intended to support industry and reduce environmental damage, said Gov. Rick… Read More
South Carolina and Georgia will spend about $15 million during the next three years on studies for a joint $4.5 billion container ship terminal to be built along the state line. The board of the Jasper Ocean Terminal on Wednesday approved a $5 million budget for the fiscal year beginning in July and was told… Read More
Informational workshop scheduled for June 29 The Christie Administration is making $60 million in competitive grants available for projects along the Lower Passaic River and associated tributaries and the Newark Bay Complex that will improve public access to these waterways and result in restoration of wetlands, Department of Environmental Protection Commissioner Bob Martin announced today…. Read More
CEDA is setting up a new Commission for Dredging Management and has already issued an invitation to members interested in joining it. The Dredging Management Commission (DMC) is being established to fulfill a need for discussion, innovation and questions on the management of dredging works in the broadest sense. As such it will bring together… Read More
The U.S. Supreme Court recently constrained the ability of the U.S. Environmental Protection Agency and Army Corps of Engineers to invoke the Clean Water Act (CWA) and designate bodies of water on private and public lands as “Waters of the United States.” In Hawkes Co. v. U.S. Army Corps of Engineers, the eight Supreme Court… Read More
The World Organization of Dredging Associations(WODA) has issued an official “Statement on Mitigating and Adapting to Climate Change” at the opening session of the World Dredging Conference (WODCON) XXI in Miami, Florida. As Ram Mohan, President of the Western Dredging Association and host of this year’s gathering, announced, “The WODA statement reflects the commitment of… Read More
Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry’s rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States. But gas demand growth is slowing,… Read More