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U.S. Secretary of Transportation awards $241million in funding for 25 port projects

The U.S. Department of Transportation Secretary today announced the award of more than $241 million in discretionary grant funding for 25 projects to improve port facilities in 19 states and one territory through the Maritime Administration’s (MARAD) Port Infrastructure Development Program (PIDP). Biggest allocation ($52.3 million) went to the Port of Long Beach. As well

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Port of Rotterdam breaks 15 million TEU barrier

The 15 millionth TEU container of the year arrived today in the Port of Rotterdam. It is the first time that a European port has broken through this magical barrier. The transhipment of containers went through a dip due to the Covid-19 outbreak but, from autumn 2020 onwards, Rotterdam has seen a rapid recovery.  When

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Maersk acquires LF Logistics to buttress global integrator ambition

A.P. Moller – Maersk  today announced the acquisition of Hong Kong-based LF Logistics in a transaction evaluated at $3.6 billion.  “The acquisition of LF Logistics is an important and truly strategic milestone on our journey to become the global integrator of container logistics, a global logistics company that provides digitally enabled end-to-end logistics solutions based

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Bimco appoints Niels Rasmussen as chief shipping analyst

Niels Rasmussen, who has been global head of research at Maersk for the past six years, has been appointed by Bimco as chief shipping analysts, effective January 3, 2022. Mr. Rasmussen has held many different roles at the Danish carrier across the world. He replaces Peter Sand, who left Bimco after some 13 years to

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Ports of Hamilton and Oshawa welcome boring machines for GTA subway projects

A trio of tunnel boring machines (TBMs) has arrived by ocean carriers in Ontario’s Greater Golden Horseshoe, destined for Metrolinx’s Eglinton Crosstown West Extension and Scarborough Subway Extension projects. Following a two-week journey across the Atlantic, the boring machines, one 12 metres in diameter and the other two both 6.5 metres in diameter, arrived at

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Oceanex joins project developing revolutionary graphene-based marine coatings

Dartmouth, NS — Graphite Innovation and Technologies (GIT), provider of the world’s most sustainable marine coatings, has announced new additions to its Canada’s Ocean Supercluster Technology Leadership Project, the Smart Protective Coatings Project. New partners include Oceanex Inc., which offers regular ro/ro service between Montreal and Newfoundland and Labrador, Baffin Fisheries, the leading commercial fisheries enterprise in

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