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The Port of South Louisiana said Life for Tyres Group Ltd. will invest US$46 million to establish its first U.S. processing facility on 10 acres of port property in the port’s Globalplex.The recycling and manufacturing plant, L4T Louisiana LLC, will convert end-of-life tires into high-quality sustainable commodities such as advanced biofuel feedstock, recovered carbon black and scrap steel.L4T’s patented technology enables it to manufacture high-quality secondary raw materials such as ...
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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 ...
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Port Canaveral has added a second mobile harbor crane to its landside cargo operations, significantly expanding the port’s ability to handle an increasingly diverse cargo platform.The 320-foot-tall Liebherr LHM 600 evo 6 mobile harbor crane joins the Liebherr LHM 600 evo5, which was placed into ...
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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 ...
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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 ...
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The Georgia Ports Authority saw record volumes through its Port of Brunswick, while a flurry of investments should yield stronger container volumes at the Port of Savannah in 2024.The Port of Brunswick handled a record 775,565 units of autos and machinery in the port’s 2023 ...
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U.S. Federal Maritime Commissioner Carl Bentzel said he is considering an investigation into the impact of impeded access for merchant vessels attempting to traverse the Suez and Panama canals.During an FMC hearing Feb. 7 on the impacts resulting from conditions in the Red Sea and ...
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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 ...
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BIMCO expects the dry bulk market to remain steady through 2025, according to the shipping association’s January Dry Bulk Shipping Market Overview and Outlook.The dry bulk market will look much like 2023 in each of the next two years, BIMCO said. Supply is expected to ...
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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 ...
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