Transportation News

Montenegro has secured 350 million euros from the European Bank for Reconstruction and Development and the European Union to enhance transport connectivity within the Balkan country and with the wider region, the EBRD said in a statement on Thursday.The EBRD will provide a loan of up to 200 million euros to finance the construction of the Matesevo–Andrijevica section of the highway connecting the Adriatic port of Bar with the Serbian border, while the EU will contribute two investment grants totalling 150 million euros.Johann Sattler…

The Port of Oakland is celebrating the expansion of the Oakland Alameda Water Shuttle, a free pilot program initiated by the City of Alameda, offering public water transit between Oakland’s Jack London Square and Bohol Circle Immigrant Park, at the foot of 5th Street in Alameda. As of July 8th, the service now includes Tuesdays and extended weekend hours—increasing total weekly trips by 35%.Initiated by the City of Alameda and partially funded by the Port, the shuttle operates Tuesday through Thursday from 7:20 a.m. to 8:03 p.m., and extends service Friday through Sunday from 7:20 a.m.

Boston Harbor City Cruises, a part of the global Hornblower Group, announced its selection by the Massachusetts Bay Transportation Authority (MBTA) to continue as the operator of the region’s premier ferry services connecting communities across Boston and the Massachusetts Metro Region.This selection follows a comprehensive public proposal and evaluation process in which Boston Harbor City Cruises presented a future-focused vision for building on the ferry system’s success as a reliable and convenient resource for both commuters and visitors.

Members of the Coast Guard and Maritime Transportation Subcommittee, at a hearing today with President Trump’s nominee for Commandant of the United States Coast Guard, Admiral Kevin E. Lunday, highlighted the importance of the historic $21.2 billion investment in the Coast Guard included in the House-passed One Big Beautiful Bill Act (H.R. 1).These investments will support the Coast Guard’s missions to protect our national security and stop illegal drugs and migrants from crossing our maritime borders. H.R.

The maritime and inland waterway sector is at a turning point in the transition towards zero-emission waterborne transport. To accelerate this transformation, the MarLEN (Maritime Low Emission Network) project has been officially launched under the HorizonEurope program. Coordinated by Forschungszentrum Jülich, this 54-month Horizon Coordination andSupport Action (CSA) brings together 14 ministries, research and funding organizations from 10 European countries, collectively accounting…

In the first quarter of the year, AS Tallink Grupp transported 970,359 passengers, which is 12% less than in the same period last year. There was also a decline in cargo and passenger vehicle transport volumes, as economic uncertainty persisted across the region and part of the fleet was either idle or undergoing extended dry-docking.“In addition to the usual seasonality, the first-quarter passenger numbers reflect the state of the economies in our core markets. Consumer confidence remains low," said Paavo Nõgene, CEO of AS Tallink Grupp. "Four vessels were out of service, and large-scale dry-docking had an impact on passenger numbers.

The Maritime Technologies Forum (MTF) has published a comprehensive report, aimed at addressing the critical issue of transporting electric vehicles (EVs) on Pure Car and Truck Carrier (PCTC) vessels.The report, titled Safe Carriage of Electric Vehicles, offers detailed insights into the characteristics of EV fires and provides a framework for considerations necessary to supplement the safe carriage of EVs.The report further highlights the necessity of measures such as early detection…

ADNOC Logistics and Services (ADNOC L&S), part of the Abu Dhabi National Oil Company (ADNOC), has partnered with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet for offshore energy logistics services.The seagliders will provide high-speed, zero-emission transport of passengers to and from offshore energy infrastructure.Seaglider technology represents an innovative solution to increase efficiency in maritime transportation and advance the energy transition.ADNOC…

A global alternative investment firm Strategic Value Partners has entered into agreement with Hornblower Group to acquire the majority ownership of the company in exchange for significant equity investment. As part of the agreement, Crestview Partners retained minority ownership in the business, and the decision was made to sell or wind down the company’s overnight cruises unit American Queen Voyages.Aside from significant minority stake in the business, Crestview will become the sole owner of Journey Beyond…

As zero carbon cargo efforts are progressing, it is becoming more apparent that the lowest hanging fruit is in the last few miles. This is where a large amount of carbon is expended in delivering small parcels to stores and consumers’ doors.This is particularly apparent in dense pack cities like New York City, where delivery vans clog streets and water crossings. The NYC Economic Development Commission recently issued a Request For Expression of Interest in waterborne micro cargo delivery.

Mitsui O.S.K Lines (MOL) has signed non-binding memorandum of understanding (MoU) with Woodside Energy, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and Hyundai Glovis to jointly study the development of shipping solutions to enable bulk marine transportation of liquid hydrogen.Woodside Energy, HD KSOE and Hyundai Glovis have been studying liquid hydrogen transportation since 2022.In this project, the participating companies will study the technology, safety, construction…

Berthing operations and truck movement were disrupted over the weekend in at least three ports handled by India's Adani Ports and Special Economic Zone Ltd, India's largest port operator, four sources familiar with the matter told Reuters.There was no truck movement at three Adani ports in the state of Gujarat on the west coast, Mundra, Dahej and Tuna, the sources said. Additionally, berthing of container vessels was disrupted at Mundra, they said.Two of the sources said some…

Product tanker demand is expected to be boosted going into 2020 by impacts relating to the IMO 2020 sulfur cap, including higher global refinery throughput and gasoil trade in particular, said d’Amico International Shipping.The international marine transportation company operating in the product tanker market quoted Clarksons projecting product tanker dwt demand to grow by 5.7% next year.The IEA, in their October report have reduced their oil demand growth forecasts for 2019 and 2020. They expect growth in 2019 to be the weakest since 2016, following evidence of a slowdown in several major consuming regions and countries, including Europe…

Dubai state controlled port operator DP World's revenue grew 36.1% in 2019, but it says the near-term outlook remains “a cause for concern” due to global trade disputes and the coronavirus outbreak.DP World, one of the world’s largest port operators, made $1.34 billion last year compared to $1.33 billion in 2018, it said in a bourse filing. Revenue rose 36.1% to 7.7 billion."However, the global trade outlook remains uncertain due to supply chain disruption caused by Covid-19 outbreak," it said in a press note."However, DP World is well positioned to respond in the short term by focusing on disciplined investment and managing the cost base to protect profitability.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Capesize dry bulk vessels, the m/v Sideris GS.According to a press release from the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$12,700 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2020 up to maximum December 31, 2020. The charter is expected to commence on March 8, 2020.The “Sideris GS” is a 174,186 dwt Capesize dry bulk vessel built in 2006…

Taiwan accepted its first carbon neutral shipment of liquefied natural gas (LNG). State-owned CPC Corporation, a natural gas, and gasoline company in Taiwan announced receipt of LNG cargo from Shell.Nature-based carbon credits have been used to compensate the full carbon dioxide (CO2) emissions generated – from exploring for and producing the natural gas, to use by the final consumer.The cargo, which was delivered at the Yung-An LNG Receiving Terminal, will provide enough carbon neutral LNG to power nearly 150,000 homes for a year.Credits used for this deal are purchased from Shell’s global portfolio of nature-based projects, including the Katingan Peatland Restoration and Conservation Project in Indonesia…

The container port in the Limón province of Costa Rica, Terminal de Contenedores de Moín or Moín Container Terminal (MCT), operated by APM Terminals, completed its first year of operations on February 28.A press release from the international container terminal operating company headquartered in The Hague said that during the year the terminal serviced more than 1,100 ships, around 1.2 million TEUs and achieved important improvements in productivity, sustainability and the training of 1,000 employees from the province of Limón.“During this time, we’ve reached very important milestones, such as the opening of new direct trade routes, increased port efficiency…

French container transportation and shipping company CMA CGM announced the reorganization of its SIRIUS service connecting the Mediterranean with the East Coast of South America, effective March 2020.The new rotation will concentrate on our hub ports of Algeciras and Tangiers from where connections to and from Mediterranean ports will be made with our extensive inhouse mother & feedering network.The weekly service will be maintained with 6 vessels (of which 2 operated by CMA CGM) instead of the current 7 and Mediterranean ports are served in relay with connecting services retaining competitive transit times. SIRIUS new features include…

Navelink is a newly formed sea traffic management industry consortium initiated by the industrial companies Kongsberg Gruppen, Saab and Wärtsilä, three influential and significant maritime equipment manufacturers and service providers.The aim of the consortium is to reach a new global standard enabling scalable maritime information exchange. The consortium already has the Swedish Maritime Authority (SMA) boarded and has commissioned Combitech to deliver the infrastructure needed."Ship owners and operators, as well as coastal and port authorities and their service providers can benefit from the open infrastructure we are establishing.

The global container company A.P. Moller – Maersk has started end-to-end cold chain logistics solution for its customers exporting grapes from Nashik and Sangli in India to North Europe.With this new offering, Maersk is enabling the exporters from the region to supply high quality Indian grapes to global market and helping fetch higher returns for the farmer community in and around the Nashik district. Leveraging its variety of services throughout the supply chain, Maersk is improving the overall turnaround time to North Europe by 4 days.Gearing up for the peak grape season and helping exporters based in Nashik, ‘The Grape Capital of India’…

THE Alliance, which includes Hapag-Lloyd, Hyundai Merchant Marine (HMM), Ocean Network Express (ONE), and Yang Ming, announced updated details of its 2020 service network, focusing on the Asia-Middle East trade-lane.THE Alliance will introduce three newly organized express loops from early April and the Middle East Service Network (MESN) will provide higher frequency, direct and expanded coverage, and the fastest connection from the respective regions.Hyundai Merchant Marine has become a full member of THE Alliance in January. With the backing from the South Korean government, the company has ordered 12 Korean-built 23,000 TEU Megamax-24 vessels…

India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to credit rating agency ICRA.China has been a major driver of global shipping trade in tanker, dry bulk and container segments. The tanker rates had witnessed a spike in Q4 CY2019 due to several factors, including supply correction arising from sanctions on a major Chinese company and Iranian vessels, prospects of US-China trade agreement and elevated demand for VLCCs by trading companies for storing VLSFO in anticipation of a sharp demand growth due to implementation of IMO 2020.On the other hand…

Malaysian national oil company Petronas’ subsidiary Petronas LNG Ltd recently signed a 12-year time charter party (TCP)  with a Japanese shipowner Kawasaki Kisen Kaisha Ltd (“K” Line) for two midsized new build LNG vessels.According to the statement, the TCP includes an extension option for an additional 12 years. The LNG vessels had about 79,960 cubic metres each in capacity.Petronas said this was in line with the signing of the shipbuilding agreements between ‘K’ Line and Hudong-Zhonghua Shipbuilding Co Ltd for the construction of the vessels in Shanghai, China.Petronas executive vice president and CEO of gas and new energy, Adnan Zainal Abidin said the procurement and chartering of these vessels were concluded within four months…