The Port of Melbourne has announced major investments to expand terminal operations at Webb Dock East. The port has confirmed that it is working to reduce port congestion, improve efficiency, and accommodate larger ships at Australia’s largest con...
Thames Freeport has claimed it is experiencing sky-high demand from businesses aiming to relocate to its investment zone following freeport status granted last year. Tenants at the Thames Freeport – Ford, DP World and Forth Ports – have made the c...
The South Intermodal Yard (SIM) in Tacoma will be the first location for all-electric yard handling equipment in The Northwest Seaport Alliance (NWSA) gateway. The SIM Electric Truck Project represents a $2.2 million investment for equipment purch...
COSCO SHIPPING has recently began a new effort to build a green port network in the Iberian Peninsula around the ‘dual pivots’ of Valencia and Madrid. COSCO SHIPPING Lines, COSCO SHIPPING Ports and COSCO SHIPPING Europe have worked together to bui...
PTI is rounding up the major headlines from the last week and delving into how Russia’s military action in Ukraine is affecting the ports sector. On 24 February, Russia invaded its neighbouring country of Ukraine, escalating a conflict that first ...
The US Department of Transportation (USDOT) has awarded $100 million to two Alabama transportation authorities to construct multi-modal assets in Mobile. The Mobile Airport Authority (MAA) and the Alabama State Port Authority (ASPA) jointly compet...
ICTSI has published its audited consolidated financial results for calendar year 2021, posting revenues of $1.87 billion from port operations. This demonstrates a 24 per cent increase over the $1.51 billion in revenue reported in 2020. The results...
Dalian Port has opened a direct route to Sydney, Melbourne, Brisbane, and other key Australian ports. The port in the Liaoning Province of China opened the route to major Australian cities on 2 March 2022. In January 2022, a total 340,000 TEU p...
Global Ports Investments PLC has published its consolidated financial statements for 2021, boasting revenues of $502.8 million. This shows an increase of 30.8 per cent over the company’s 2020’s financial results. Adjusted EBITDA grew by 17.4 pe...
