Public-private Partnership to Build $635 Million Port Terminal in Delaware
The State of Delaware will join the private operator of the Port of Wilmington, Enstructure, to build a new port terminal at a site in Edgemoor, Delaware. The Edgemoor industrial site was purchased in 2017 by the taxpayer-owned Diamond State Port Corporation (DSPC) which subsequently secured the necessary permits to construct a new port terminal.This $635 million infrastructure project will be largest shipping terminal in Delaware since the current Port of Wilmington opened in 1923.
Conflict Heating Up Over Cosco's Megaport in Peru
The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal.Hong Kong-based Cosco Shipping Ports will defend its legal rights to provide services as the exclusive operator of the deepwater Chancay Port Terminal under "terms that were agreed at the beginning of this investment," the firm said in…
Peru's PM Says China-built Megaport Should Launch this Year After Dispute
A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The Peruvian port authority said in Marchit hoped to annul its decision granting exclusivity of the port's operations to Cosco, citing an "administrative error."Cosco, which is investing $1.3 billion in the first stage of the terminal, has said the push affects the "security and legal stability of investments."On Thursday…
Biden's Pier for Gaza Aid Might Not be Ready for 60 Days
U.S. President Joe Biden's plan to build a floating U.S. military port to speed up aid to Gaza could take up to 60 days to become a reality and involve more than 1,000 American troops, the Pentagon said on Friday.The Pentagon offered the timeline a day after Biden announced the initiative in his State of the Union speech, as he seeks to cool anger in his Democratic Party over his staunch support for Israel's offensive in Gaza since Oct. 7.The United Nations has warned that widespread famine in the Gaza Strip is "almost inevitable" without urgent action.
US to Build Temporary Port to Deliver Gaza Aid
President Joe Biden will announce in his State of the Union speech on Thursday that the U.S. military will construct a temporary port on Gaza's Mediterranean coast to receive humanitarian aid by sea, senior administration officials said.Planning for the operation, initially based on the island of Cyprus, does not envisage the deployment of U.S. military personnel in Gaza, the officials told a news briefing.The officials also said that Hamas is delaying a new deal with Israel on…
Herculaneum Port Site Cleared for Redevelopment as Intermodal Hub
A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River, the site has been utilized since the 1700s as a port. With its easy access for barge loading and offloading and the site’s proximity to early lead mines in adjacent Washington County, under early French ownership the port was utilized to ship lead cannonballs and shot to Europe to support Napolean’s army.
APM Terminals to Develop Container Terminal at Plaquemines Port
Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options. APMT, one of the largest terminal operators in the world and is a subsidiary of shipping giant A.P. Moller-Maersk, estimates the initial investment in terminal infrastructure will be approximately $500 million…
$73.77 Million Grant a Boost for Port NOLA & Inland Waterway Shipping
The Port of New Orleans (Port NOLA) will receive $73.77 million from the federal government to assist in building the Louisiana International Terminal (LIT) project, which will provide a gateway for cargo movement on U.S. inland waterways including the Mississippi River.The U.S. Department of Transportation has alerted Congress that it intends to award this funding through its MEGA Grant Program, which will support the first phase of the overall $1.8 billion project’s construction and is in addition to significant funding commitments from private industry partners and Port NOLA.
IHI, Vopak Ink Agreement to Develop Ammonia Terminals
Dutch tank storage company Vopak has signed an initial agreement with Japan's IHI Corporation to explore the development and operation of ammonia terminals, as they expect demand for the low-carbon fuel to grow amid energy transition.The companies will lean on their experience in building ammonia storage tanks and terminals to focus on developing large-scale ammonia storage terminals that will allow for economical distribution of the fuel, the companies said in a joint statement on Tuesday.They…
Fincantieri Set to Grow Its Shipbuilding Footprint in Ancona
Fincantieri announced on Monday it has reached a deal that will allow it to expand its shipbuilding footprint in the port of Ancona.The Italian shipbuilding company said it has signed a program agreement with the Port System Authority of the Central Adriatic Sea (ADSP) to develop the port’s current infrastructure, including construction piers, dry dock, technological and lifting facilities, for the construction of ships of greater size and tonnage, both in the cruise and merchant sector.The value of the investment is €80 million…
COSCO Halts Works on Port in Peru After Landslide
China’s COSCO Shipping Holdings suspended construction on a tunnel for a major port project in northern Peru after a partial landslide struck, a company official said on Tuesday.The company is working to understand what caused the landslide, said Romulo Zarauz, a manager with the Chinese company’s local unit.The incident took place Tuesday morning in the coastal province of Huaral, about 56 miles (90 km) north of the capital Lima, damaging at least four houses near the tunnel…
Canadian Government Approves Vancouver Terminal Expansion
The Canadian government has approved a marine container terminal expansion project in Delta, B.C., following a environmental assessment process that started in 2013.The Roberts Bank Terminal 2 Project includes building new land and a new three-berth marine container terminal near existing port terminals at Roberts Bank in Delta, B.C., about 35 kilometers south of Vancouver. The project will incrementally deliver an additional 2.4 million twenty-foot equivalent units (TEU) of capacity…
Rotterdam Container Terminal Set for €1 Billion Expansion
A.P. Moller - Maersk's container terminal operating arm APM Terminals announced the expansion of its Maasvlakte II terminal in Rotterdam, increasing the terminal's capacity by approx. 2 million TEU The project involves a site of approximately 47.5 hectares with 1,000 meters of deep-sea quay. The Port of Rotterdam Authority is now constructing the new quay walls, which will be completed by mid-2024. The new section is expected to be operational in the second half of 2026.APM Terminals opened at Maasvlakte II in 2015 as a fully automated facility with zero carbon emissions.
China Firm Wins Solomon Islands Port Project as Australia Watches On
The Solomon Islands has awarded a multi-million-dollar contract to a Chinese state company to upgrade an international port in Honiara in a project funded by the Asian Development Bank, an official of the island nation said on Wednesday.The United States and its allies, including Australia, New Zealand and Japan, have held concerns that China has ambitions to build a naval base in the region since the Solomon Islands struck a security pact with Beijing last year."This will be upgrading the old international port in Honiara and two domestic wharves in the provinces…
CK Hutchison to Invest $700M in Two Major Egyptian Ports
CK Hutchison Holdings port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion.Hutchison Ports said it would invest in the development of a new container terminal in the Red Sea port of Ain Sokhna, and in B100, a new container terminal in the Mediterranean port of Alexandria.In a separate statement, Cosco Shipping Ports Limited said it would invest 25% in the Sokhna New Container Terminal - a new terminal built by the Egyptian government.The operating period for the project is 30 years…
DP World Invests $35 Million in Port of Santos
DP World announced it will invest $35 million in 2023 to expand and modernize its facilities on the left bank of Brazil’s Port of Santos.With the investment, the company plans to increase annual movement capacity from 1.2 million TEUs to 1.4 million TEUs and expand the size of the quay from 1,100 meters to 1,300 meters. The terminal currently inhabits 845,000 square meters, with an additional 130,000 square meters available for expansion.The project marks DP World’s third round of investment since operations began in Brazil in July 2013.
Ports & Logistics: Building A New Energy Industry
2022 closed with significant developments to advance offshore wind (OSW) and the necessary, related work required at U.S. ports – on the east and west coasts and the Great Lakes. Some of these developments included:Funding – MARAD’s Port Improvement Development Project (PIDP) grants provided over $100 million for wind at four ports.Corporate leadership – Marine giants Foss and Crowley stepped up to lead development projects in California and Massachusetts.New industry focus – The American Association of Port Authorities (AAPA) started a program called POWERS – “Port Opportunities With Energy…
Nigeria Opens 'Game Changer' Billion-dollar Deep Seaport
Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations.President Muhammadu Buhari has made building infrastructure a key pillar of his government's economic policy, and hopes that this will help his ruling party win votes during next month's presidential election.The new Lekki Deep Sea Port is 75% owned by the China Harbour Engineering Company and Tolaram group…
Electricity Constraints Force Canada's First LNG Terminal to Delay Renewable Shift
Shell PLC's LNG Canada export project in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and switch to electricity as more renewable power becomes available, a top executive said, a decision that means the expansion project will initially generate high greenhouse gas emissions.LNG Canada, in which Japan's Mitsubishi Corp owns a 15% stake, is set to be Canada's first liquefied natural gas (LNG) export terminal. The first phase…
Port of South Louisiana Buys Avondale Global Gateway
The Port of South Louisiana (Port SL) said it has reached a deal with T. Parker Host to buy the Avondale Global Gateway, a logistics hub at site of the former Avondale Shipyard.The acquisition of this 254-acre facility at mile 108 of the Mississippi River will allow the port to be more competitive in traditional international trade and focus on the new frontier of renewable energy development, Port SL said.The purchase and sale agreement was announced Thursday by Port SL CEO Paul Matthews following unanimous approval from the port commission.
Africa’s Ports Race Creates Pathways for Plunder
Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between 2004 and 2019, over US$50 billion was spent on this infrastructure – roughly 13 times more than was spent between 1990 and 2004.Ports reflect more than simple economic imperatives. They are crucial in creating and reinforcing social, political, and cultural systems. Infrastructure can be…
Irish Port Eyes Offshore Wind Opportunities. Taps Bechtel for Assistance
Shannon Foynes Port Company has selected Bechtel to update its Vision 2041 master plan to accommodate offshore and onshore investment within and near its harbor in Ireland. Bechtel will support the company in considering how to deliver significant growth and expansion of the port, including how it can support the offshore wind industry and the production of alternative shipping fuels.Shannon Foynes Port is located in Ireland's deepest sheltered commercial harbor with jurisdiction over all marine activities on a 500-kilometer square area on the Shannon Estuary…
Vopak, Gasunie Team Up to Build Hydrogen Import Infrastructure in Dutch, German Ports
Vopak, a Dutch natural gas infrastructure and transportation company operating in the Netherlands and Germany, has teamed up with the tank storage firm Gasunie to jointly develop future terminal infrastructure projects for hydrogen import into Northwest Europe via Dutch and German ports. The two companies have collaborated in the Gate LNG terminal in the Port of Rotterdam that came into operation in 2011."Alongside domestic production of hydrogen, large-scale import of green hydrogen will become essential for reaching the European Green Deal and the Fit for 55 targets.
