by Alexander Whiteman (TheLoadstar) CMA CGM heaped further misery on the port of Felixstowe this week by announcing it would withdraw one of its services from the gateway. The Epic 1 rotation, which connects Northern Europe with the Indian subcontinent, will instead use London Gateway as its UK port of call. CMA CGM said: “In a continued effort to provide our … [Read more...]
Houston Eyes Exotic Bonds To Pay For A $15 Billion Dike
by Jack Kaskey (Bloomberg) -- A massive dike to hold back storm-driven floods surging in from the Gulf of Mexico was first proposed after Hurricane Ike devastated the Houston-area coast a decade ago. Last year’s Hurricane Harvey disaster brought fresh enthusiasm for the languishing project – along with a wave of investor interest. Now city and state officials in … [Read more...]
U.S. Warns Russia Against Blocking Commercial Ship Passage Into Ukraine
by Lesley Wroughton (Reuters) - The U.S. State Department on Thursday called on Russia to cease what it called “harassment of international shipping” in the Sea of Azov and Kerch Strait, accusing Moscow of trying to destabilize Ukraine. “Russia’s actions to impede maritime transit are further examples of its ongoing campaign to undermine and destabilize Ukraine, as well as … [Read more...]
Eritrea Considers Building A Port
By Nizar Manek (Bloomberg) Eritrea is considering building a port on its Red Sea coastline to export potash from deposits being developed in the Horn of Africa nation, a mines ministry official said. Plans for the harbor signal the country’s reemergence as a potential investor destination after its surprise rapprochement with neighboring Ethiopia last month ended two decades … [Read more...]
30,000 Tons Of Cocoa Stuck On Lagos Port Roads
At least 30,000 metric tons of cocoa are trapped on their way to ports in Nigeria’s main city of Lagos as roads in a state of disrepair delay access to ships, the cocoa exporters body said. Travel to the Apapa and Tin Can Island ports that previously took hours, now takes as much as four weeks as trucks struggle through cratered and water-logged roads to get there, Pius … [Read more...]