ETG to build US$41 million sustainable polymers facility in UAE
Khalifa Economic Zones Abu Dhabi (KEZAD) Group, one of the largest operators of integrated and purpose-built economic zones, has signed a 50-year land lease agreement with ETG Bio Green Polymer, a global leader in sustainable manufacturing, to develop a cutting-edge compostable polymers facility in KEZAD A (KEZAD Al Ma’mourah). This new plant will produce fully […]
Landlocked Hungary to get first seaport since WW1 came to an end
To get from Budapest, the capital of landlocked Hungary, to Trieste on Italy’s Adriatic coastline, containers need to travel more than 550 km, including across the breadth of neighbour Slovenia. Nevertheless, the Italian city is set to become Hungary’s primary port in the coming years as construction has just got underway on a 30 hectare […]
Noatum forms shipping venture with Turkey’s Erkport
Noatum, the maritime and shipping arm of ports and logistics giant AD Ports Group, has established a roro liner joint venture with Erkport in Turkey. The venture, operating under the brand United Global Ro-Ro, will be 60% owned by Noatum, with Erkport holding the remaining 40% stake. The jv will provide an integrated product for […]
Progress made at the IMO towards a greenhouse gas levy
The 18th Intersessional Working Group on Greenhouse Gases (GHG) concluded on Friday at the International Maritime Organization with the GHG levy in combination with a global fuel standard as the most favoured candidate mid-term measure for reducing GHG emissions from shipping. Analysis of the participation at the meeting carried out by UCL Energy Institute showed […]
Sweden investigates further cable damage
Swedish police are investigating another suspected case of sabotage of an undersea telecoms cable in the Baltic Sea. Finnish telecom operator Cinia said on Friday that it had detected minor damage in Swedish waters on its C-Lion1 undersea fibre-optic link connecting Finland and Germany, the third time this particular cable has been struck since November […]
US targets Chinese ships and terminal investments
The US is considering slapping huge fees on Chinese-built ships calling at its ports, while also clamping down on Chinese ownership of terminals on home soil. The United States Trade Representative (USTR) has finally outlined the ways it feels Washington DC can fight back against the dominance China has in maritime, and particularly shipbuilding after […]
Mỹ đề xuất thu phí cảng 1 triệu đô la đối với các hãng tàu Trung Quốc
Cơ quan Đại diện thương mại Mỹ (USTR) đề xuất thu phí mới lên đến 1 triệu đô la cho mỗi chuyến tàu ghé cảng ở Mỹ của các hãng vận tải biển của Trung Quốc. Các hãng không phải của Trung Quốc cũng đối mặt các mức phí cao mới khi ghé cảng của […]
Myanmar turns to Russia to help develop Dawei port project
Myanmar has turned to a new partner to help develop long-held plans to turn Dawei in the southeast of the country into a major port. Russia’s economic development minister, Maxim Reshetnikov, signed an investment cooperation pact with the Myanmar government over the weekend to develop the port, an oil refinery and a coal-fired power station […]
Saipem and Subsea 7 broker mega merger deal
Italian offshore engineering and construction giant Saipem and offshore engineering and services player Subsea 7 have reached an agreement in principle on the key terms of a possible merger of the two companies. The combination of Saipem and Subsea 7 will be completed by way of an EU cross-border statutory merger carried out incorporating Subsea […]
Shearwater Geoservices gets work in oil-rich Guyana with ExxonMobil
Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a contract for a large deepwater 4D OBN reservoir surveillance program by US supermajor ExxonMobil in Guyana. Under the award, Shearwater will commence a six-month survey starting in the first half of 2025. The field unit will be comprised of a Shearwater seismic vessel as […]