Business
Maryland officials on Feb. 4 unveiled the new design concept for the Francis Scott Key Bridge rebuild, which will replace one of Baltimore’s most iconic transportation landmarks.The design is a significant milestone in the multiyear project to restore the connection following the allision of the Singapore-flagged Dali with the iconic bridge in March 2024.“Today, we take an important step toward recovering from the tragic Francis Scott Key Bridge collapse that ...
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The Port of Baltimore's state-owned public and private marine terminals handled 45.9 million tons of cargo in 2024, its best year since 2023 when the port handled a record 52.3 million tons.More than 25.5 million of the nearly 46 million tons of cargo were handled ...
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ABB, the Swedish-Swiss electric engineering corporation, and Sage Geosystems, a leading geothermal baseload and energy storage company, have agreed to collaborate on developing energy storage and geothermal power generation facilities that utilize natural heat from the earth’s core to produce clean electricity.The collaboration will allow ...
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DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units, or TEUs, in 2024, up 8.3 percent year-on-year despite macroeconomic headwinds and concerns over the outlook for global trade.The Middle East logistics giant, whose global logistics business has capacity to handle more ...
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Companies in states that backed President Donald Trump's election could pay twice as much for new steel and aluminum tariffs, according to Trade Partnership Worldwide’s state tariff database.Based on 2024 data, new tariffs could add US$11.4 billion in extra import taxes, with US$7.6 billion (67 ...
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SC Ports proudly welcomed the OOCL Iris to the Wando Welch Terminal on Feb. 18. At 16,8282 TEUs, vessel is the largest to ever call Port of Charleston.The record was previously held by CMA CGM’s Marco Polo, which first called on Wando Welch in May ...
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Freight forwarder Yusen Logistics Co. Ltd. said it has reached an agreement for sustainable shipping solutions through liner shipper Ocean Network Express’ ONE LEAF+ green shipping service.Under this agreement, ONE will use sustainable biofuels for propulsion, achieving up to 84 percent reduction in well-to-wake CO2 ...
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Global iron ore shipments fell 7 percent year over year, during the first seven weeks of 2025, amid supply disruptions and weak Chinese import demand, international shipping association BIMCO said.Australian cargoes have fared the worst, down 10 percent year over year, while shipments from Brazil ...
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DP World, the Middle East-based logistics and supply chain solutions giant, has commenced its berth expansion at the Port of Posorja in Guayaquil, Ecuador.The project will significantly increase DP World’s terminal capacity at the deepwater port, consolidating Posorja’s role as a strategic gateway for international ...
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News of a possible “reset” in the EU-UK Trade and Cooperation Agreement, due for review in 2026, could raise unrealistic expectations, the British International Freight Association said Feb. 19.Calling “the use of ‘reset’ is regrettable,” BIFA said preparatory work will be undertaken this year in ...
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