port-and-ship
09 June 2025
Port Technology Internationalport-and-ship
Jun 09, 2025Port Technology International
This is according to a new analysis released on 12 May.
The report came just hours after the US and China announced a surprise 90-day rollback of tariffs that could have raised consumer prices by up to 145 per cent in the US and 125 per cent in China.
Port CEO, Mario Cordero, said: “The timing was purely coincidental. But it was also fortuitous. At this moment, all eyes are on international trade and we have the hard data that shows the Port of Long Beach fuels the US economy.”
READ: Port of Long Beach boosts investment in zero-emission trucks
The Port of Long Beach’s 2023 economic analysis outlines its direct, indirect, and broader impacts across the region, California, and the nation, based on last year’s cargo volume.
Nationally, the port supports over 2.7 million jobs, generates $176 billion in income, and contributes more than $309 billion to the US GDP.
In California, 1.1 million jobs are linked to the port, producing $77.9 billion in income.
Across Southern California’s five-county region, nearly 692,000 jobs depend on port activity, with $46.6 billion in income generated.
READ: Port of Long Beach sets record with busiest April ever
Port operations also contributed $84.4 billion in taxes at the local, state, and federal levels in 2023.
Cargo handled by the port reaches every California legislative district and all US congressional districts, underscoring its national reach and economic importance.
Long Beach Mayor, Rex Richardson, stated: “Our community, our jobs and our collective future depend on stable, smart trade policies that grow, not shrink, business incomes at home and markets for US goods abroad.”
Recently, the Port of Long Beach promoted Suzanne Plezia, P.E., to Managing Director of Engineering Services, following the retirement of Sean Gamette, P.E.
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Port Of Long Beach Drives $309 Billion In Economic ImpactThis is according to a new analysis released on 12 May.
The report came just hours after the US and China announced a surprise 90-day rollback of tariffs that could have raised consumer prices by up to 145 per cent in the US and 125 per cent in China.
Port CEO, Mario Cordero, said: “The timing was purely coincidental. But it was also fortuitous. At this moment, all eyes are on international trade and we have the hard data that shows the Port of Long Beach fuels the US economy.”
READ: Port of Long Beach boosts investment in zero-emission trucks
The Port of Long Beach’s 2023 economic analysis outlines its direct, indirect, and broader impacts across the region, California, and the nation, based on last year’s cargo volume.
Nationally, the port supports over 2.7 million jobs, generates $176 billion in income, and contributes more than $309 billion to the US GDP.
In California, 1.1 million jobs are linked to the port, producing $77.9 billion in income.
Across Southern California’s five-county region, nearly 692,000 jobs depend on port activity, with $46.6 billion in income generated.
READ: Port of Long Beach sets record with busiest April ever
Port operations also contributed $84.4 billion in taxes at the local, state, and federal levels in 2023.
Cargo handled by the port reaches every California legislative district and all US congressional districts, underscoring its national reach and economic importance.
Long Beach Mayor, Rex Richardson, stated: “Our community, our jobs and our collective future depend on stable, smart trade policies that grow, not shrink, business incomes at home and markets for US goods abroad.”
Recently, the Port of Long Beach promoted Suzanne Plezia, P.E., to Managing Director of Engineering Services, following the retirement of Sean Gamette, P.E.
Port Technology International
port-and-ship
09 June 20255 min readPort Of Long Beach Drives $309 Billion In Economic Impact
Port Technology International
09 June 2025
port-and-ship
Corpus Christi Port Completes $625 Million Ship Channel ExpansionThe Port of Corpus Christi in Texas has completed a major upgrade to its ship channel, deepening it to 54 feet and widening it to 530 feet.
The project, estimated to save over $200 million in transportation costs annually, allows larger vessels to move more efficiently and safely through the port.
The Corpus Christi Ship Channel Improvement Project (CIP), which began construction in 2017, is a massive national infrastructure initiative aimed at supporting growing export demands, especially for crude oil and liquefied natural gas (LNG).
The $625 million project was completed in four phases, with funding support from the U.S. Congress, the Port of Corpus Christi, the U.S. Army Corps of Engineers (USACE), and private marine companies.
According to USACE’s Galveston District, this project was one of the largest beneficial use efforts in its history. The Corps acknowledged the strong partnership with the Port and discussed the contributions of state-level agencies and environmental stakeholders in delivering the outcome.
First planned over 30 years ago, the CIP aimed to improve the port’s navigation. By increasing the channel’s depth from 47 to 54 feet and widening it from 400 to 530 feet, the project ensures two-way traffic for bigger ships and adds barge shelves for added efficiency.
Port officials expressed gratitude for the decades of bipartisan political support and the dedicated efforts of current and former staff. The Chairman of the Port Commission stated that the completion of the CIP is the beginning of a new economic chapter for both the region and the nation. He discussed the importance of unified efforts in achieving long-term growth and global competitiveness.
The Port of Corpus Christi is strategically located near two of the nation’s largest oil and gas production areas, the Permian Basin and Eagle Ford Shale. The promise of enhanced infrastructure has helped attract more than $65 billion in commercial investments to the region over the past 10 years.
Currently, the Port is the largest crude oil export hub in the United States, moving over 2.4 million barrels per day to global markets. It also ranks as the second-largest U.S. gateway for LNG exports and handles a wide range of other cargo.
Additionally, port-related activities now provide jobs for more than 95,000 people across Texas.
Reference: portofcc
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Marine Insight
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04 June 20255 min readCorpus Christi Port Completes $625 Million Ship Channel Expansion
Marine Insight
04 June 2025
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Dp World Launches $2.5 Billion Global Port Infrastructure Expansion Across India, Africa, Europe, And South AmericaDP World has announced a major global port infrastructure development programme, with groundbreaking projects set across India, Africa, South America, and Europe in 2025. The group plans to invest US $2.5 billion to expand its integrated logistics network, reinforcing its position as a leading global trade enabler.
The five new developments aim to boost end-to-end supply chain capacity, meeting growing demand for resilient port infrastructure and efficient logistics hubs across key international trade corridors.
One of the largest projects is the new US $510 million container terminal at Tuna Tekra in Gujarat, on India’s northwestern coast. Featuring a 1.1 km berth and an annual capacity of 2.19 million TEUs, the terminal will connect India’s industrial hinterland to global markets through a multimodal network of roads and railways. This expansion is set to enhance trade efficiency and strengthen India’s role as a global export hub.
In Africa, DP World is advancing the development of the new deep-sea port at Banana in the Democratic Republic of Congo (DRC). The port, with a capacity of 450,000 TEUs per year, is expected to offer significant cost and time savings for regional trade, attracting larger vessels from Asia and Europe and contributing to the DRC’s economic growth.
Work has also commenced on the 1.2 million TEU capacity Ndayane Port in Senegal. The project has an initial investment of US $830 million and is considered strategically vital to Senegal’s long-term development.
In South America, DP World is expanding the Port of Posorja in Ecuador with a US $140 million berth extension. This will increase dock length to 700 meters, enabling the simultaneous berthing of two post-Panamax vessels and improving throughput for Pacific trade routes.
Finally, in Europe, DP World is investing $1 billion at London Gateway to build two new berths and a second rail terminal. This expansion will create 400 new jobs, support the UK’s growing role as a global trade gateway, and move the port closer to becoming Britain’s largest container port by the end of the decade
Maritime Standard
port-and-ship
02 June 20255 min readDp World Launches $2.5 Billion Global Port Infrastructure Expansion Across India, Africa, Europe, And South America
Maritime Standard
02 June 2025
port-and-ship
Ukraine Needs 500 Million Euros To Rebuild Critical Port Facilities Damaged By RussiaFirefighters work at a site of a Russian missile strike in a sea port of Odesa, as Russia's attack on Ukraine continues, Ukraine July 23, 2022. Press service of the Joint Forces of the South Defence/Handout via REUTERS
KYIV, May 30 (Reuters) – Ukraine needs an initial 500 million euros ($566 million) to rebuild the most important infrastructure facilities at its Black Sea ports destroyed by constant Russian missile and drone attacks, a government minister said on Friday.
Almost 400 port infrastructure facilities have been damaged as a result of Russian attacks during more than three years of war. Seaports are critical for Ukraine, which ships more than 90% of its exports by sea.
“The main critical infrastructure facilities for ports and shipping that we have already lost have been identified … and now we have to restore them,” Andriy Kashuba, deputy minister of territorial development, told the Black Sea Security Forum in Odesa.
Ukraine currently operates three major seaports in the Odesa area. Other Black Sea ports suspended operations after Russia launched its full-scale invasion in February 2022.
Kashuba said the total cost of rebuilding the ports’ infrastructure was estimated at around 1 billion euros.
That figure is dwarfed by the total estimated cost for Ukraine’s overall reconstruction and recovery. The World Bank last December put that cost at $524 billion (€506 billion) over the next decade, or about 2.8 times the country’s estimated nominal GDP for 2024.
Many industrial and residential infrastructure facilities across Ukraine have been destroyed or severely damaged by Russian attacks.
($1 = 0.8828 euros)
(Reporting by Yuliia Dysa, writing by Pavel PolityukEditing by Gareth Jones)
(c) Copyright Thomson Reuters 2025.
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port-and-ship
31 May 20255 min readUkraine Needs 500 Million Euros To Rebuild Critical Port Facilities Damaged By Russia
gCaptain
31 May 2025
port-and-ship
Totalenergies Sells Nigeria Oilfield Stake To Shell For $510 MillionFrench oil major TotalEnergies TTE said on Thursday it agreed to sell its 12.5% stake in the Bonga oilfield offshore Nigeria to Shell SHEL, the field’s operator, for $510 million.
The deal will bring Shell’s stake in Bonga to 67.5% and shows its continued interest in producing oil offshore Nigeria after selling its spill-plagued Nigerian onshore assets to Renaissance, a consortium of four local companies and an international energy group.
Last year, the owners of Bonga decided on an extension of the field to add 110,000 barrels of oil equivalent per day with the first oil expected to flow by the end of the decade. Bonga’s floating production vessel has a capacity of 225,000 bpd.
“This acquisition brings another significant investment in Nigeria deep-water that contributes to sustained liquids production and growth in our Upstream portfolio,” said Shell’s upstream chief Peter Costello.
Exxon subsidiary Esso Exploration and Production Nigeria XOM holds 20% and Oando’s Agip 12.5% of Bonga.
The deal, subject to approvals, is expected to close by the end of the year.
Source: Reuters
Bunker Port News Worldwide
port-and-ship
30 May 20255 min readTotalenergies Sells Nigeria Oilfield Stake To Shell For $510 Million
Bunker Port News Worldwide
30 May 2025
port-and-ship
Ukraine: 500M Euros Needed To Rebuild Port Facilities...May 30, 2025
Ukraine needs an initial 500 million euros ($566 million) to rebuild the most important infrastructure facilities at its Black Sea ports destroyed by constant Russian missile and drone attacks, a government minister said on Friday.
Almost 400 port infrastructure facilities have been damaged as a result of Russian attacks during more than three years of war. Seaports are critical for Ukraine, which ships more than 90% of its exports by sea.
"The main critical infrastructure facilities for ports and shipping that we have already lost have been identified ... and now we have to restore them," Andriy Kashuba, deputy minister of territorial development, told the Black Sea Security Forum in Odesa.
Ukraine currently operates three major seaports in the Odesa area. Other Black Sea ports suspended operations after Russia launched its full-scale invasion in February 2022.
Kashuba said the total cost of rebuilding the ports' infrastructure was estimated at around 1 billion euros.
That figure is dwarfed by the total estimated cost for Ukraine's overall reconstruction and recovery. The World Bank last December put that cost at $524 billion (€506 billion) over the next decade, or about 2.8 times the country's estimated nominal GDP for 2024.
Many industrial and residential infrastructure facilities across Ukraine have been destroyed or severely damaged by Russian attacks.
($1 = 0.8828 euros)
(Reuters/Reporting by Yuliia Dysa, writing by Pavel PolityukEditing by Gareth Jones)
Maritime Logistics Professional
port-and-ship
30 May 20255 min readUkraine: 500M Euros Needed To Rebuild Port Facilities...
Maritime Logistics Professional
30 May 2025
port-and-ship
Seaco Sold In $1.75 Billion DealTypewriter Ascend Ltd, an entity controlled by New York-headquartered Stonepeak and an affiliate of Textainer, has entered into an agreement to acquire Global Sea Containers Limited (Seaco) from China-based Bohai Leasing Co., Ltd (Bohai) for an equity purchase price of $1.75 billion subject to certain adjustments, and with the transaction being subject to customary closing conditions, including certain regulatory approvals.
Bermuda incorporated Seaco is originally established in 1965 and is currently owned by Bohai, an entity listed on the Shenzhen Stock Exchange in China.
Seaco is a marine container leasing company with global operations, and the company today owns and operates a container fleet greater than 2.4 million TEU across a worldwide footprint of over 360 depots and 23 offices.
“With the combined expertise and resources of both companies, our business will be better positioned to serve its customers with expanded available inventory and a broader range of container solutions,” says Olivier Ghesquiere, Textainer’s chief executive officer.
James Wyper, board member of Textainer, and head of Transportation & Logistics and head of U.S. Private Equity at Stonepeak, says that “This is an exciting moment for both Textainer and Seaco. By bringing together two world-class teams with deep industry expertise, we’re building a stronger, more resilient company that’s better positioned to serve our customers and grow in a dynamic global market. We’re proud to support this success and we are looking forward to what Textainer and Seaco can achieve together.”
Shipping Telegraph
port-and-ship
29 May 20255 min readSeaco Sold In $1.75 Billion Deal
Shipping Telegraph
29 May 2025
port-and-ship
Epropulsion Powers France’S First 40-Meter Fully Electric Catering Cruise Ship On The SeineePropulsion, a global leader in marine electric propulsion systems and services, announced today it has been selected as the exclusive propulsion partner for Bleu Seine; France's first 40-meter, fully electric catering cruise ship. Designed for daily operations on the Seine River, the vessel represents a major step forward in sustainable passenger transport on one of Europe's most iconic waterways.
With space for up to 130 guests, Bleu Seine will host daily lunch and dinner cruises. The ship's all-electric architecture was developed in collaboration with ePropulsion, who is serving as the sole system integrator. The company designed and delivered the entire propulsion and energy system in-house, ensuring seamless integration, maximum efficiency and uncompromising reliability.
At the core of Bleu Seine is a fully integrated electric drive system powered by five lithium battery clusters – three dedicated to propulsion, and two powering onboard hospitality systems. Each operates independently for continuous uptime, even in the rare case of a fault. This modular approach reflects ePropulsion's commitment to safety, resilience and performance.
Key system features include:
Three high-efficiency permanent magnet motors
Fully steerable thrusters with 360° vector thrust control
Redundant, liquid-cooled power electronics with bi-directional converters
Real-time battery monitoring with advanced system protection
The system is fully compliant with the latest ES-TRIN standards for inland waterway passenger vessels.
From thermal aerosol fire suppression built into the battery packs to near-silent thrusters and intelligent load balancing, every aspect of the vessel's design has been optimized for clean, quiet operation. The ship's AC and DC distribution networks are designed with full redundancy, while rapid shore charging enables a complete recharge in just two hours, making zero-emission cruising both feasible and efficient.
“Every component was selected, tested, and refined to meet the high demands of daily commercial service,” said Ricky Cole, Technical Director at ePropulsion. “Our liquid-cooled propulsion and energy systems represent the cutting edge of marine innovation.”
Bleu Seine represents ePropulsion's first deployment in the large passenger vessel segment – a significant advancement in the company's commercial portfolio. The project highlights ePropulsion's system integration expertise and ability to scale modular electric propulsion for high-demand, real-world operations. With over 50,000 electric propulsion units and battery systems delivered globally, the company continues to set new benchmarks for performance, reliability, and regulatory compliance in commercial marine electrification.
From luxury cruise ships on the Seine to high-traffic ferries in Asia and coastal workboats worldwide, ePropulsion is delivering high-performance electric propulsion systems that meet the demands of global commercial fleets.
Source: ePropulsion
Bunker Port News Worldwide
port-and-ship
29 May 20255 min readEpropulsion Powers France’S First 40-Meter Fully Electric Catering Cruise Ship On The Seine
Bunker Port News Worldwide
29 May 2025
port-and-ship
Cma Cgm Seals $600M Deal For Vietnam’S New Terminal ProjectFrance’s CMA CGM has sealed an agreement with Saigon Newport Corporation (SNP) to jointly develop a new deep-water terminal in Haiphong, northern Vietnam.
In partnership with Saigon Newport Corporation, the Lach Huyen 7&8 container terminal represents a total investment of $600m.
The agreement covers the design, construction, and operation of the Lach Huyen terminals 7&8, located in the strategically positioned Lach Huyen area in Haiphong.
The terminal will have a capacity of 1.9 million TEUs and is scheduled to open in 2028.
The Marseille-based company stated that the new partnership will help secure long-term capacity in a region that has become central to Asian supply chains due to its rapid industrial and logistics development.
CMA CGM has been active in Vietnam since 1989, with five offices in Ho Chi Minh City, Hanoi, Haiphong, Danang, and Quy Nhon, and a team of more than 550 employees.
The Group operates 29 weekly services across seven ports in the country, connecting major global trade routes to an advanced intermodal network via CEVA Logistics.
Meanwhile, CMA CGM is co-owner of the Gemalink terminal in Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City.
Shipping Telegraph
port-and-ship
27 May 20255 min readCma Cgm Seals $600M Deal For Vietnam’S New Terminal Project
Shipping Telegraph
27 May 2025
port-and-ship
Cma Cgm Agrees To A $600 Million Box Terminal In VietnamSaigon Newport Corporation (SNP) and France’s CMA CGM have signed a deal for the construction of a new $600 million deepwater facility in Haiphong, northern Vietnam. The agreement involves the planning, building, and management of the Lach Huyen terminals 7 and 8, which are situated in Haiphong’s Lach Huyen neighborhood.
The terminal is scheduled to open in 2028 and will have a 1.9 m teu capacity. Via seven ports in Vietnam, CMA CGM operates 29 shipping routes every week. “The new partnership will help secure long-term capacity in a region increasingly vital to Asian supply chains, driven by fast-paced industrial and logistics growth,” said the Marseille-based company, which shares ownership of the Vietnam International Container Terminal in Ho Chi Minh City and the Gemalink terminal at Cai Mep.
Maritime Gateway
port-and-ship
27 May 20255 min readCma Cgm Agrees To A $600 Million Box Terminal In Vietnam
Maritime Gateway
27 May 2025
port-and-ship
Cma Cgm, Saigon Newport Partner On $600M Deep-Sea TerminalThe partnership covers the design, construction, and operation of Lach Huyen terminals 7 and 8, located in the Lach Huyen area of Haiphong.
Scheduled to begin operations in 2028, the terminal is expected to handle up to 1.9 million TEUs. The project, structured as a public-private partnership, involves a total investment of $600 million.
The new site is expected to enhance CMA CGM’s intermodal logistics network, seamlessly integrated with CEVA Logistics’ nationwide operations.
READ: CMA CGM welcomes first Indian-flagged containership
Amid rapid industrial and logistics growth in northern Vietnam, this initiative seeks to respond to the region’s rising container volumes. By partnering with SNP, CMA CGM aims to establish long-term capacity in this critical node of the Asian supply chain.
The company operates 29 weekly services across seven ports in Vietnam and holds ownership stakes in both the Gemalink Terminal at Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City.
Last month, CMA CGM Group announced the closing of its acquisition of approximately 47.9 per cent of Santos Brasil Participações S/A (Santos Brasil) from funds managed by Opportunity, following regulatory approvals from relevant Brazilian authorities.
Port Technology International
port-and-ship
27 May 20255 min readCma Cgm, Saigon Newport Partner On $600M Deep-Sea Terminal
Port Technology International
27 May 2025
port-and-ship
Guinea Bauxite Sockpile Nears 2 Million Tons As Export Suspension ContinuesEmirates Global Aluminium's (EGA) subsidiary in Guinea has accumulated a stockpile of nearly two million metric tonnes of bauxite since the suspension of its operations last year, three sources familiar with the matter told Reuters on Tuesday.EGA, equally owned by Abu Dhabi sovereign wealth fund Mubadala, and Dubai sovereign wealth fund the Investment Corporation of Dubai, operates one of the largest bauxite mines in Guinea through its Guinea Alumina Corporation (GAC) subsidiary.The standoff with Guinea's government highlights the aggressive push by the military authorities to increase benefits from the country's vast natural resources as the world's largest bauxite producer leverages its position in aluminium supply chains to force downstream processing commitments.The company has been in a dispute with the government since October last year when its GAC bauxite exports, and mining operations were later suspended by the authorities.Reuters reported earlier this month that the government has launched a process to withdraw EGA's mining licence over its failure to build an alumina refinery.Since the suspension of exports and mining operations, its stockpile of bauxite at the port and train loading facility at the mining site, have reached nearly two million metric tonnes, the three sources familiar with the situation, told Reuters.The sources requested anonymity because there were not authorized to speak for the company.EGA and GAC did not respond to Reuters' requests for comments on the stockpiles.The company said in a separate statement on Tuesday it hoped to resume talks with the Guinean government that could lead to a lifting of measures blocking its bauxite mining operations.In its statement, GAC said the measures imposed by the authorities had hampered its operations, leading to their complete stoppage in December 2024 and significant financial losses for the company and its shareholders.Responding to a Reuters request for comment, Guinea's mines minister Bouna Sylla said the country was committed to working with all investors who fully comply with their contractual commitments, adding they intend to clean up the mining sector."This process will continue rigorously, respecting the current legal framework while ensuring the legitimate interests of all stakeholders, including Guinean investors," Sylla said.Responding to reports that the dispute was due to its failure to fulfil commitments, including building a refinery, GAC said in the statement that it had always fulfilled all of its obligations under agreements Guinea, and contests that it has acted differently."As regards an alumina refinery project in Guinea, GAC has repeatedly indicated to the Guinean authorities that the realisation of such a project is contingent upon overcoming numerous and significant economic, technical and environmental challenges," it said.Mali, Burkina Faso and Niger, also military-led West African states have taken similar routes to assert more control over their mineral-rich mining sectors in a bid to generate higher revenue.(Reuters)
Marine Link
port-and-ship
27 May 20255 min readGuinea Bauxite Sockpile Nears 2 Million Tons As Export Suspension Continues
Marine Link
27 May 2025
port-and-ship