The Indian Union Council of Ministers chaired by Prime Minister Narendra Modi have approved construction of a new port at Vadhavan near Dahanu in Maharashtra state. The project will be undertaken by Vadhavan Port Project (VPPL), a special purpose vehicle formed by the Jawaharlal Nehru Port...
Marine Infrastructure
US marine economy continued upward trend in 2022
The American marine economy continued to bolster the US in 2022 as demonstrated by increased sales and jobs. This is according to the most recent statistics from the annual Marine Economy Satellite Account (MESA) released by two Department of Commerce agencies – the National Oceanic and Atmospheric...
Companies selected for dredging and marine works in Lumsden Point, Western Australia
Jan De Nul (Australia) has been awarded a contract for dredging and land reclamation at Lumsden Point in the port of Port Hedland in Western Australia. The works will create a new access channel in the port to enable vessels to safely berth at Lumsden Point, a swing basin and berth pockets suitable...
AD Ports Group joins project to develop green methanol facilities in Suez Canal area
UAE-based port operator the AD Ports Group, Egyptian container shipping line Transmar, and Cairo-based Orascom Construction have entered into a memorandum of understanding (MOU) for the development of a green methanol storage, export, and bunkering facility in the Suez Canal area. The AD Ports...
Port of New York and New Jersey to undergo upgrades under new investment package
The Port Authority of New York and New Jersey recently confirmed a multifaceted package of significant investments in partnership with the US Army Corps of Engineers (USACE) to boost navigational safety and efficiency at the Port of New York and New Jersey. The new investments between the Port...
AD Ports Group to identify maritime development opportunities in Madagascar
UAE port operator the AD Ports Group and the Economic Development Board of Madagascar have entered into a memorandum of understanding (MOU) regarding the identification of commercial opportunities across the maritime, industry, and logistics sectors in Madagascar. Under the terms of the MOU, both...
UK’s Haventus secures £100 million credit facility for port development
UK-based energy transition facilities company Haventus has secured a £100 million (US$127 million) joint credit facility from the Scottish National Investment Bank and UK Infrastructure Bank with £50 million (US$63 million) investment from each. The financing follows a £300 million (US$380 million) capital commitment announced in 2023 by energy investment firm the Quantum Capital Group, […]
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DP World invests €130 million in Romanian port expansion
UAE-based port operator DP World recently opened three new facilities in Romania. The country’s Black Sea port of Constanta is now home to two new facilities following a €65 million (US$71 million) investment: a five-hectares project cargo terminal for heavy, large and complex cargo, and a new...
Plans unveiled for UK-Ireland “green shipping corridors”
UK port operator the Peel Ports Group and shore power connectivity specialist NatPower Marine have unveiled plans to establish the first “green shipping corridors” between Ireland and the UK. The proposed project would see NatPower Marine develop the UK’s first commercial electric ship (e-ship)...
https://www.bairdmaritime.com/shipping/ports/plans-unveiled-for-uk-ireland-green-shipping-corridors/
VESSEL REVIEW | Zhongtian 39 – Large Chinese crane vessel for offshore installation and marine construction duties
Chinese shipbuilder Zhenhua Heavy Industries recently handed over a new crane vessel to Liyang Marine Engineering. Zhongtian 39 (中天39) was designed to undertake offshore construction works with a focus on installation of wind turbine generators of 15 MW capacity or greater as well as their associated components. The vessel may also be deployed for secondary […]
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