The US Department of Transportation (USDOT) has awarded some $653 million for projects as part of its Port Infrastructure Development Program (PIDP), which is seen as having become a critical source of funding for the country’s ports.
Washington has awarded more than $653 million in funding for the development of port infrastructure across the US through the Port Infrastructure Development Program (PIDP).
With the Panama Canal implementing sharp cuts in the number of booking slots for transits in the coming months tankers are set to be squeezed out of using the key waterway.
Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding has secured $770 million of newbuilding orders during the third quarter of 2023.
Ocean Network Express (ONE) has expanded its terminals footprint on the US West Coast and in Europe with the completion of the acquisition of stakes owned by parent Japanese companies.
AD Ports Group is implementing RightShip’s Maritime Emissions Portal (MEP) across its network of ports.
AP Moller Maersk’s container shipping, or ocean, business slumped into the red in the third quarter and the Danish company warns of challenges ahead.
Yara and North Sea Container Line (NCL) are collaborating to produce the first green ammonia powered containership, agreeing to put safety at the forefront of the vessel design and operation.
The Liberian Registry has hosted a 2023 a meeting of recognised classification societies in Virginia.