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The U.S. Department of Energy plans to lend Lithium Americas up to US$2.26 billion to build Nevada's Thacker Pass lithium project, one of Washington's largest mining industry investments to boost domestic production of critical minerals for the energy transition.The loan, announced by the company on March 14, is a key part of U.S. President Biden's efforts to reduce dependence on lithium supplies from China, the world's largest processor of the ...
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BBC Chartering has introduced its next generation of multipurpose vessels with the introduction of a fleet of 13,000-deadweight-ton “LakerMax” vessels.Ten vessels will be delivered from spring 2024 until 2026. The BBC Leer will be the first vessel delivered in April, the German carrier said in ...
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The Montreal Port Authority said Feb. 28 it has entered into an agreement with Contrecoeur Terminal Constructors Partnership, or CTCGP, formed by Pomerleau and Aecon Group Inc., that will assist in the design of in-water works for the MPA’s Contrecoeur expansion project.MPA said it is ...
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J.B. Hunt Transport Services Inc., a leading North American supply chain solutions provider, said its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart.The agreement increases the companies’ respective current volume and capacity commitments and enables the development of ...
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Global apparel and sportswear industry leader Nike has recently entered into an agreement with CMA CGM to purchase sustainable biofuel for a part of their maritime transport. This initiative will make an important contribution to the decarbonization of Nike’s supply chain.From July 1, 2023, to ...
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Wen-Parker Logistics and 4ocean have formed a partnership to fund a worldwide cleanup initiative of ocean and coastline wastes with a flip of the wrist.Elmont, NY-based Wen-Parker, a supply chain services provider since 1997, will take advantage of 4ocean’s process to converting recyclable materials into ...
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Maryland’s Port of Baltimore handled record cargoes in 2023, as the region rebounded from pandemic impacts and worldwide supply chain issues.The 52.3 million tons of foreign cargo for 2023 was 18.3 percent higher than the previous record of 44.2 million tons in 2019, while value ...
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The U.S. Federal Maritime Commission on Feb. 23 established new requirements for how common carriers and marine terminal operators (MTOs) must bill for demurrage and detention charges, providing clarity on who can be billed, within what timeframe, and the process for disputing bills.The Ocean Shipping ...
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French-based CMA CGM Group said 2023 was a year of transition and normalization in the transport and logistics industry, and the company is positioning itself to weather an “uncertain 2024.”After “extraordinary years” in 2021 and 2022, CMA CGM said 2023 was marked by major inventory ...
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Danish container line giant A.P. Moller – Maersk reported solid financial results for 2023, in line with the company’s financial guidance.Though volumes were up across most products and cost controlled efforts helped improve results, rates continued to erode, particularly in ocean. The company reported EBITDA ...
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