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The agreement includes a 50-year extension of the concession contract with a view to turning the Port of Montevideo into a regional hub. The execution of the project will begin immediately. This investment project represents the maximum expansion of the concession area, including the construction of a second container yard of approximately 22 hectares in… Read More
Cabinet body endorses proposal of conducting independent assessment for better rates ISLAMABAD: The Cabinet Committee on Energy (CCOE) has approved a proposal for conducting an independent assessment of port charges on liquefied natural gas (LNG) vessels for better rates. A meeting of the committee, chaired by Federal Minister for Planning, Development and Special Initiatives Asad… Read More
HIGHLIGHTS 2020 Revenue: EUR 2.5 billion EBITDA: EUR 404 million Operating result: EUR 140 million Net operating profit: EUR 90 million Exceptional charges: EUR 195 million Record order book: EUR 5.3 billion Positive net cash position of EUR 439 million Dividend proposal: EUR 0.50 per share all cash OUTLOOK Very well-filled order book provides solid… Read More
Hamdi Mohamed has had a connection to the Port of Seattle in one way or another for the majority of her life. Seattle-Tacoma International Airport (Sea-Tac), which is owned by the Port, was one of her first points of entry into the United States when she emigrated from Somalia at the age of three. Since… Read More
Just across the Delaware River are the runways for Philadelphia International Airport, uncharacteristically quiet in this time of COVID-19. This is the port where a company called EEW will soon begin building a factory to make the gigantic monopiles that hold up offshore wind turbines. Ørsted North America, which is building the state’s first offshore… Read More
BAY HEAD, N.J. (AP) — With a string of February storms having taken big chunks out of many Jersey Shore beaches — and the federal government refusing to authorize emergency repairs — New Jersey is considering doubling the amount of money it allocates to shore protection projects each year to $50 million. The bill actually… Read More
Royal Boskalis Westminster N.V. (Boskalis) has published both its Annual Report 2020 and its Sustainability Report 2020. As Boskalis, we contribute through our business and our activities to society and the UN Sustainable Development Goals. We do so in the areas of flood protection, creating infrastructure for trade and energy with the associated employment this generates,… Read More
The American Shore & Beach Preservation Association in cooperation with the Coastal Zone Foundation announces the Call for Abstracts for the 2021 National Coastal Conference, September 28 – October 1, 2021 at the Hilton Riverside in New Orleans, LA. We are excited to return to New Orleans in person! ASBPA is the nation’s first organization… Read More
Mid-Barataria Sediment Diversion could create 28 square miles of marsh in rapidly eroding Barataria Basin One of the most expensive, ambitious and controversial proposals in Louisiana’s 50-year, $50 billion bid to save the southern third of the state from disappearing like a modern-day Atlantis passed a major milestone Thursday night with the release of a… Read More
Mergers and acquisitions (M&A) activity in the port sector has been growing, with recent M&As indicating the sector is consolidating, reports a maritime research consultancy. Drewry has pointed to the planned merger of the ports of Antwerp and Zeebrugge, 2019’s agreement between COSCO SHIPPING Ports, Tianjin Port Holdings and China Merchants International Terminals to merge… Read More