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UHL’s Adds IMO Tier III-Ready MPV Ship

United Heavy Lift’s latest addition to its fleet, the multipurpose heavy-lift vessel UHL Fresh, has begun its maiden voyage, carrying project cargo from Tianjin in China to Vaasa in Finland.Delivered to UHL on Jan. 24, It is the 18th vessel in the Hamburg-headquartered operator’s F900 Eco-Lifter fleet, and enters service less than a year after keel laying at the Hudong Shipyard in Shanghai.The vessel, equipped with two cranes with combined ... [+]

Port of Corpus Christi Sets Tonnage Record

The Port of Corpus Christi set a new high mark for annual tonnage, topping more than 200 million tons of goods through the Corpus Christi Ship Channel for the first time in its history.The 203 million tons moved in 2023 was an 8.1 percent increase ... [+]

Port of Brownsville Business Park Takes Shape

Eight months after the Brownsville Navigation District Board of Commissioners, or BND, broke ground on the Port of Brownsville’s business park, prospective businesses are lining up to negotiate lease agreements with the port.At a regular board meeting Feb. 7, the board unanimously approved leasing rates ... [+]

NYK Line: Red Sea Crisis to Boost Bottom Line

Amidst third-quarter losses, Japanese shipping and logistics company NYK Line anticipates the Red Sea crisis giving lift to its bottom line in its fiscal fourth quarter.NYK Line reported a net loss of US$1.04 billion for its third quarter ending Dec. 31, down US$5.18 billion from ... [+]

Gulfport, CORE X Strike Lease Agreement

The Mississippi State Port Authority said Feb. 1 it reached a long-term lease agreement between the Port of Gulfport and CORE X GULFPORT that will include constructing a 150,000-square-foot cold storage facility.The lease agreement has an initial term of 60 years with two 15-year renewal ... [+]

BIMCO Works on Wind Turbine Contract

BIMCO, one of the largest international shipping association for shipowners, has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines.The project aims to support the offshore wind industry as global demand for renewable sources of ... [+]

Westwood Adopts Swire Shipping Name

Multipurpose vessel operator Swire Shipping said Westwood Shipping Lines, a niche vessel operator acquired in June 2022, has integrated and has taken on the Swire Shipping name.Westwood Shipping operates between the Pacific Northwest and Northeast Asia, and Swire Shipping’s acquisition was part of the Singapore-based ... [+]

Sterling Transportation Offers Dallas CFS

Dallas-based motor carrier Sterling Transportation said its Dallas terminal is now an official container freight station.The 14-door CFS is located in Coppell, Texas, just north of Dallas-Fort Worth Airport. The 54,600-square-foot warehouse has more than 8,000 pallet positions, and is available for short- and long-term ... [+]

Sluggish Demand Dooms ONE’s Q3 Results

Singapore-based shipping line Ocean Network Express, or ONE, reported a sharp downturn in revenue, earnings and profit for the most recent quarter.The shipping line saw a third-quarter loss of US$83 million, a significant decrease from the year-earlier quarter’s profit of US$2.79 billion. Revenue fell 46 ... [+]

Hapag-Lloyd Sees Earnings Drop

Liner carrier Hapag-Lloyd, which recently announced the Gemini Cooperative with A.P. Moller - Maersk, reported a significant decrease in earnings in its 2023 financial year.Group EBITDA was US$4.8 billion, compared with US$19.4 billion for fiscal 2022, which the company attributed to lower freight rates due ... [+]