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AD Ports Group today announced its financial results for the quarter ended 30 June 2022. The Group’s revenue grew 35% YoY to AED 1,242 million in Q2 2022 (+25% YoY growth in H1 2022), achieving record results for H1 growth mainly driven by the Maritime and Economic Cities & Free Zones (EC&FZ) Clusters, and to… Read More
The Charleston Harbor Post 45 Deepening Project looks to address transportation inefficiencies by deepening and widening Charleston Harbor to allow for growth in the shipping industry with the influx of Post-Panamax ships calling on port in the Lowcountry. The project will provide over $169 M in average annual benefits. The Charleston District has been working… Read More
Dredging works to improve safety and navigation in Rosslyn Bay Boat Harbour have begun. Member for Keppel Brittany Lauga said a $1.5 million contract had been awarded to experienced dredging operator, Hall Contracting. “These important works aim to remove about 24,000 cubic metres of material from the entrance channel and within the harbour, greatly improving… Read More
To prevent damage from storms like Sandy in 2012 and Isabel, a watershed flood event for Baltimore in 2003, the Army Corps of Engineers has been studying for years whether widespread sea walls or massive storm surge barriers would help. A new plan it is floating for communities along Patapsco River shores includes neither. The… Read More
The U.S. Army Corps of Engineers (USACE), Baltimore District, has released the new Alvin R. Bush Dam Master Plan (“2022 Master Plan”) and Finding of No Significant Impact (FONSI) that will serve as the guiding document for decision making at the lake for next 15 to 25 years. This revision is a part of a larger, USACE-wide… Read More
HD Hyundai, South Korea’s shipbuilding giant, reported through its technology company Avikus that it has received the first order for advanced automation systems to be installed on large, ocean-going vessels. Two regional South Korean shipping companies placed the combined order for the new system that was demonstrated earlier this year assisting an LNG carrier on… Read More
With hikers and bicyclists pushing themselves for miles on the East Coast Greenway, officials in the Wilmington area are working to make the Topsail region a part of their journeys. The Cape Fear Council of Governments is leading a feasibility study for a proposed 16-mile corridor along N.C. 210, which will connect the communities of Hampstead, Surf City, and… Read More
The U.S. Army Corps of Engineers (USACE), Baltimore District, has released the new Curwensville Lake Master Plan (“2022 Master Plan”) and Finding of No Significant Impact (FONSI) that will serve as the guiding document for decision making at the lake for next 15 to 25 years. This revision is a part of a larger, USACE-wide effort to… Read More
Today, A.P. Moller – Maersk (Maersk) has reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company with premium capabilities within non-containerised project logistics. Martin Bencher was founded in 1997 and is an asset-light logistics provider that specialises in project logistics. Martin Bencher’s core capability is designing end-to-end project logistics solutions for… Read More
As ports around the world are struggling to keep up with record volumes and manage the growing number of containers in their yards, the Port of New York and New Jersey has come up with a unique approach announcing plans to launch a quarterly “container imbalance fee” for ocean carriers. The port authority is urging… Read More