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Historic low flows turned the Mississippi River into a construction area in 2023 as the U.S. Army Corps of Engineers dredged huge quantities of sand to keep the channel open for barge traffic. Massive machines like the Dredge Goetz, a 225-foot-long vessel with a suction pipe nearly two feet wide, were moving through the river… Read More
Johan Bergenas is senior vice president, oceans, at the World Wildlife Fund. The UN climate summit in Dubai was a win for offshore wind as world leaders agreed to triple renewable energy capacity by 2030 in order slash carbon pollution. This development comes as a relief for an industry that experienced serious setbacks this fall,… Read More
The Beijing-based infrastructure fund Multilateral Cooperation Center for Development Finance (MCDF) has approved a $2 million grant aimed at sealing data gaps in Africa’s port operations. The initiative will be implemented by the African Development Bank (AfDB), and will produce a port data book that provides performance data and practical information for Africa’s ports. According… Read More
Abu Dhabi is set to buy a stake in a key Turkish port, according to four sources aware of the deal, in a further sign of a rapprochement between the once bitter geopolitical rivals. Under the potential agreement, state-controlled group AD Ports Group would invest in an entity to be established by the Turkey Wealth… Read More
NEWARK, NJ — The Port Authority of New York and New Jersey has given a green light to a $1 billion budget hike for 2024. Following a month-long public comment period, the Port Authority Board of Commissioners approved the agency’s $9.3 billion budget on Thursday. It contains $3.9 billion in operating expenses, $3.6 billion in… Read More
WASHINGTON — Consistent with the requirements of the Inflation Reduction Act (IRA) concerning offshore conventional and renewable energy leasing, the Department of the Interior today published the final 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program (Program) with the fewest oil and gas lease sales in history. The Department published the Proposed Final Program and corresponding… Read More
The Army Corps of Engineers spends tens of millions to maintain a shipping channel for barges on the Mississippi. Historic low flows turned the Mississippi River into a construction area in 2023, as the U.S. Army Corps of Engineers dredged huge quantities of sand to keep the channel open for barge traffic. Massive machines like… Read More
MSC Mediterranean Shipping Company successfully completed the public tender offer for the operator of the Port of Hamburg clearing a critical hurdle to take the company private and proceed with the plan to manage the port with the City of Hamburg. While the deal still requires regulatory and political approval, most observers believe it is… Read More
Boskalis has secured the contract for the Harwich Haven approach channel and inner harbor deepening by the Harwich Haven Authority. The contract carries a value of approximately EUR 140 million, split 50/50 between Boskalis and Van Oord. The project entails the deepening of the approach channel and inner harbor from minus 14.5 to minus 16… Read More
The Saudi Ports Authority (MAWANI) has announced the addition of the WIN cargo service by Ocean Network Express (ONE) to Jeddah Islamic Port. This new service will connect the Kingdom to the Indian West Coast and the US East Coast. According to MAWANI, the inclusion of this service further strengthens the position of Jeddah Islamic Port, which… Read More