Shipowner expands its downstream operation with Andhra Pradesh facility
Ports
Five banks win battle to fund vessel electrification drive in Singapore
Maritime regulator says it will now look into alternative financing solutions beyond debt financing
Provaris signs hydrogen terminal deal in Rotterdam as new ships progress
Australian pioneer signs up to bring green fuel into GES facility
Macquarie’s Corio looks to Port of Acu for Brazilian offshore wind base
Company is aiming to develop five offshore wind farms off South American nation totaling up to 6 GW
Maersk Contests Transnet’s Pick for South African Port Partner
By Paul Burkhardt (Bloomberg) — A.P. Moller – Maersk A/S is contesting a process held by South Africa’s state logistics firm Transnet SOC Ltd. to find a partner to develop sub-Saharan…
https://gcaptain.com/maersk-contests-transnets-pick-for-south-african-port-partner/
US Court Upholds MARAD License for Deepwater Oil Export Facility
By Arathy Somasekhar April 4 (Reuters) – A U.S. appeals court on Thursday upheld federal approval of a deepwater oil-export facility planned off the Texas Gulf Coast, saying the proposed Enterprise Products Partners facility…
https://gcaptain.com/us-court-upholds-marad-license-for-deepwater-oil-export-facility/
Baltimore’s reopening to shipping remains unclear despite temporary channel
Merchant vessels will have to wait after shallow-draught traffic lane launched
Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo
By Brendan Murray Mar 31, 2024(Bloomberg) —Ports along the US East Coast are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting the daunting task…
https://gcaptain.com/baltimore-ship-accident-has-east-coast-ports-scrambling-to-absorb-cargo/
Drydocks results boost for DP World
DP World Limited has announced a “resilient” set of financial results for the year ended 31st December 2023. On a reported basis, revenue grew by 6.6% to US $18,250 million and profitability on a EBITDA basis rose by 1.9% to US$5,108 million.
The figures benefited from an especially strong contribution by Drydocks World, where revenues were up by $0.4 billion, and the full year benefit of the Imperial Logistics acquisition, which generated an additional US$0.9 billion revenue stream.
Capital...
https://www.themaritimestandard.com/drydocks-results-boost-for-dp-world/
Adani further expands India East Coast ports presence
Adani Ports and Special Economic Zone (APSEZ) has entered an agreement to acquire a 56% stake in the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port. Located on the East Coast, Gopalpur has an annual cargo throughput capacity of 20 tonnes and has a particularly important role in handling dry bulk cargo flows, including iron ore, coal, limestone, ilmenite and alumina.
According to a statement from Adani Ports, “This acquisition will drive synergy with our existing ports and...
https://www.themaritimestandard.com/adani-further-expands-india-east-coast-ports-presence/