Ports & Logistics
Celebrations as Emerald Duchess is officially named at Teesport
(Posted on 01/10/24)The Emerald Duchess – a £23m for dredger for the River Tees - has been officially named by PD Ports longest serving member of staff in a ceremony on the banks of the river.The christening ceremony, traditionally held to bring luck to a new vessel and all who sail in her, was attended by 250 people from across Teesside...
Xeneta: US East Coast port strikes to cause major disruption
(Posted on 25/09/24)Ripple effects of strike action at ports on the US East and Gulf coasts will cause severe supply chain disruption into 2025, with analysts warning government intervention may be required to avoid major economic falloutA total of 36 ports are preparing for a complete stoppage if a new deal cannot be agreed with the International...
Verbrugge Zeeland Terminal cements North Sea Port’s rail port status
(Posted on 25/09/24)Two newly-lengthened railway lines have been officially taken into use at the Verbrugge Zeeland Terminal in Vlissingen. This will allow the freight handler to extend the map of its rail operations to the hinterland, and it puts North Sea Port in an even stronger position as a rail port.Verbrugge Zeeland Terminal is the biggest cargo...
AD Ports signs agreements to refinance US$2.25bn debt
(Posted on 24/09/24)AD Ports Group, a leading facilitator of global trade, logistics and industry, has signed agreements with two UAE banks to refinance its syndicated loan of USD 2.25 billion at more favourable terms, which would enable the Group to save up to AED 44 million (USD 12 million) in finance costs over the next 12 months.The new facilities...
ASL to offer IPO on London’s AIM Exchange
(Posted on 19/09/24)Adhira Shipping and Logistics (ASL), a specialist in mining logistics in Africa, will offer an IPO on London’s AIM in 2025Captain Pappu Sastry, CEO of ASL made the announcement to shipping and business media at press conference in London after highlighting the prospects for the company in securing long-term contracts with...
CN operations recover as outlook updated following labour dispute
(Posted on 19/09/24)CN has announced that its operations have recovered following several months of labour uncertainty as well as a complete shutdown of its Canadian network, and that it is adjusting its 2024 guidance and long-term financial outlook.With its nearly 20,000-mile rail network and related transportation services, CN connects Canada&rsquo...
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