The contractor, along with its joint venture partner McLean Contracting Company, recently signed a contract with the Port of Virginia for the provision of upgrades to the Norfolk International Terminals (NIT) in Norfolk, Virginia. The NIT is a semi-automated container terminal that comprises three different sections; the North terminal, the South terminal and the Central… Read More
Brazil’s Lula administration this month embarked on a privatisation drive to see the nation’s port terminals in private hands – a move coinciding with a damning report on the state of its shipping sector. A working group of Hidrovias do Brasil, Port of Açu and Wilson Sons has launched a Manifesto for Innovation in the Maritime… Read More
The federal funding deal signed into law by President Joe Biden last Friday includes nearly $26 million set aside for Central Coast harbors and ports to fund dredging and other upkeep work. The funding was sought by Congressman Salud Carbajal over the past year of negotiations over the federal budget for Fiscal Year 2024. “The… Read More
The US Department of Treasury Feb. 27 outlined a set of new sanctions targeting Iran’s support of Russia and the Houthi rebels, including new sanctions on two oil tankers that Treasury alleges have helped fund Iran’s military activities. The measures are targeted to Iran’s involvement with regional terror groups and Russia’s military supply chains, said… Read More
The Federal Government has revealed that it has proposed a $1bn investment for the rehabilitation of the nation’s ports. The Minister of Marine and Blue Economy, Gboyega Oyetola, revealed this in a statement while addressing the House of Representatives Committee on Privatisation on Thursday in Abuja. He noted that the government has not fully reaped… Read More