• 2022 January 21 17:16

    Port of Los Angeles breaks cargo record in 2021

    Breaking its previous calendar year record by 13%, the Port of Los Angeles processed about 10.7 million Twenty-Foot Equivalent units (TEUs) during 2021, according to the company's release. The milestone, a Western Hemisphere record, was announced by Port Executive Director Gene Seroka in his address at the Pacific Merchant Shipping Association’s seventh annual “State of the Port” event, held virtually this year.
     
    Recapping the year, Seroka reiterated the importance of industry coming together to address challenges of the global supply chain, and highlighted the Port’s unprecedented engagement with stakeholders at all levels of industry and government to find solutions, including the Biden-Harris Administration and the office of California Gov. Gavin Newsom.

    Seroka applauded the renewed attention and government investments being made in ports nationwide, including the $17 billion earmarked in the recently passed national Infrastructure Investment and Jobs Act, and the $2.3 billion Newsom has earmarked in his California state budget for the upcoming year.
     
    Looking ahead, Seroka outlined key Port initiatives and priorities on tap for 2022 and beyond, including:
     
    • Supply Chain Efficiency – Initiatives to further digitize the supply chain and deliver digital solutions to Port users will continue to be a top priority. Last year, the Port unveiled the Control Tower suite of data tools, expanding the Port Optimizer system developed by the Port in conjunction with Wabtec. The Control Tower aids cargo owners and service providers by delivering precise shipping intelligence and real-time insights on Port of Los Angeles cargo. In 2022, the Port will add further enhancements to the Port Optimizer and work with the Biden Administration to support a national Port data initiative to improve supply chain efficiency and global competitiveness.
     
    • Workforce Development and Job Creation - Seroka emphasized the importance of workforce development and its critical contributions to the goods movement industry – from longshore labor to truck drivers and warehouse workers. The Port’s planned Goods Movement Training Campus, which will focus on worker skill development, up-skilling and re-skilling to address the rapidly changing needs of the industry, received a huge boost this month with a three-year, $110 million commitment from California Gov. Newsom in his proposed budget. The first in the U.S. specifically dedicated to the goods movement industry, the campus will also serve as a state resource for training workers on greener and zero-emission technologies. Further plans for the Training Campus will be announced later this year.
     
    • Cybersecurity – Guarding against potential malicious cyber incidents that could threaten or disrupt the flow of cargo remains a continual focus for the Port. Seroka revealed that a first-of-its-kind port cyber defense system co-developed with IBM is now in full operation. This new Cyber Resilience Center serves as an early warning system and information sharing network for Port stakeholders. The Port has had an award-winning Cyber Security Operations Center for its internal systems since 2014, monitoring network traffic to prevent and detect cyber incidents under Port control. The Port has also maintained its ISO 27001 certification for cybersecurity, the only port to have this certification.
     
    • Environment - Reducing Port environmental impacts continues to be a primary focus. The Port is currently testing 107 zero-emission and 27 near-zero emission units in the areas of cargo handling, drayage, harbor craft and ocean-going vessel operations, a number that will grow to more than 200 units over the next 18 months. This year, more than a half-dozen manufacturers will deploy next-generation drayage trucks in and around the Port. Seroka also announced that in April the Port will begin collecting the Clean Truck Fund Rate, which is expected to raise $130 million over the next three years. Those funds will be used to fund zero-emission trucks and fueling infrastructure development.
     
    North America’s leading seaport by container volume and cargo value, the Port of Los Angeles facilitated $259 billion in trade during 2020. San Pedro Bay port complex operations and commerce facilitate one in nine jobs across the counties of Los Angeles, Orange, Riverside, San Bernardino and Ventura. The Port of Los Angeles has remained open with all terminals operational throughout the COVID-19 pandemic.




2024 May 20

18:00 ADNOC secures equity position and LNG offtake agreement in NextDecades Rio Grande LNG Project
17:31 EDGE Group and Fincantieri formalise MAESTRAL shipbuilding JV and announce 400 mln euro order for 10 naval vessels
17:02 Genevos awarded European Commission funding for hydrogen fishing vessel demonstrator in ‘H2-SEAS’ consortium
16:43 MAI to invest in ship investment fund managed by Navigare Capital Partners
16:29 Three year collaboration between EMEC and FloWave offers wave and tidal energy developers ‘try-before-you-buy’ site simulation capability
15:58 IndustriAll Europe and SEA Europe agree on joint priorities ahead of the 2024 EU elections
14:51 Fincantieri shipyard launches Logistic Support Ship ‘Atlante’ for the Italian Navy's fleet
13:24 MOL Cruises announces the six inaugural cruises of MITSUI OCEAN FUJI
12:21 Deltamarin designs CO2 carrier of Ecolog
11:50 Tsakos Energy Navigation plans to invest $2 billion to create a 100% green fleet by 2030
11:23 Horizon Tankers order six newbuilds in China
10:55 Turkish-owned cargo ship sinks off Romania
10:15 Serica Energy receives final approval from the NSTA to develop the 100% owned and operated Belinda field

2024 May 19

15:43 RWE, Masdar award geophysical surveys contract for DBS West offshore wind farm
14:27 Intesa Sanpaolo and Fincantieri for the energy transition of maritime and air transport
14:03 MSC Cruises to expand at Port Canaveral with the arrival of the MSC Grandiosa
13:56 Noatum launches maritime services in Türkiye
12:44 New Pipeline Transition Alliance to focus on re-purposing natural gas infrastructure to hydrogen service
11:29 Yantai CIMC Raffles Offshore Ltd. shipyard launches dual-fuel offshore installation vessel for Van Oord
11:23 Major Scottish export terminal invests £750,000 to boost refrigerated cargo capabilities
10:12 Jan De Nul orders new XL cable-laying vessel

2024 May 18

15:24 SNAM's Q1 total revenues declined 1.9% to 895 million euros
14:17 KOTUG Int'l successfully pilots Tug Drone technology
12:04 Austal USA names Mark Santamaria as CFO
11:36 Silver Ships delivers four of seven coastal fast response boats
09:51 CMA CGM posts revenue of 11.8 billion for Q1 2024

2024 May 17

18:10 Bunker fuel sales at the Middle Eastern hub of Fujairah drop on a monthly basis in April 2024
17:52 Lloyd’s Register and Shandong Marine Group sign MoU
16:43 China reveals cooperation methods to protect and restore the Yangtze River
16:03 APM Terminals Barcelona holds the commissioning of 17 Konecranes NSC 644 EHY hybrid straddle carriers
15:13 Marine fuel demand in Panama declined in April 2024
14:43 MITSUI E&S and PACECO commence commercial operations of world's first hydrogen fuel cell zero emission RTG crane at Port of Los Angeles
14:23 ILWU Canada agrees to delay serving 72-hour strike notice on employer DP World Canada
13:31 Barge hits a bridge in Texas, damaging the structure and causing an oil spill
13:10 Container shipping costs on EU-S. Korea route surge over 30 pct amid Red Sea crisis
12:43 DP World invests €130m in Romania
12:21 Astrakhan hosts Russia-Iran talks on shipping cooperation on International North-South corridor
11:41 Seatrium awarded repeat FPSO integration contract from SBM Offshore
11:04 Bureau Veritas report highlights the potential of carbon capture technologies and the development of carbon value chains for shipping
10:41 Electramar christened in Helsinki
10:07 IMO Secretary-General spotlights seafarer safety amidst ongoing Red Sea attacks and resurging piracy
09:58 MABUX: Bunker Outlook, Week 20, 2024

2024 May 16

18:11 Kongsberg and Torghatten to develop self-driving ferry service linking Trondheim and the Fosen peninsula
17:42 “K” Line сonducts first trial use of B100 biofuel for carbon-free operations on car carrier
16:35 Deltamarin and ECOLOG unveil LP LCO2 carrier design
15:40 Seadrill enters agreement to sell its Qatar jack-up fleet
15:24 Scan Global Logistics and Hapag-Lloyd enter into major biofuel agreement in a new Green Collaboration
14:48 Edison Chouest feeder fleet for U.S. offshore wind market to be built to ABS Class
14:03 The Australian Government announces a funding package of $7.1 billion for budgeted programs to be administered by ARENA
13:54 The share of the idle container vessel fleet was 0.9% in April - Sea-Intelligence
13:25 The European Commission grants PCI status to CO2 value chain project developed by MOL with partners
12:14 HHLA's revenue decreased by 0.3 percent to € 363.6 millions in Q1 2024
11:42 MOL and TotalEnergies sign time charter contracts for 2 newbuilding LPG-fueled LPG carriers
10:40 Kalmar and Uniport Livorno agree on new terminal tractor order to enhance reliability, safety and service quality at Italian terminal
10:04 AMSA collaborates on a trial providing more recycling options for visiting foreign ships
09:59 SunGas Renewables and C2X announce strategic partnership

2024 May 15

18:07 MOL holds naming ceremony for newbuilding LNG carrier Greenergy Ocean to serve China National Offshore Oil Corporation
17:30 ClassNK and StormGeo mark significant collaboration to advance maritime decarbonization
17:02 Newly certified methanol valves to improve dual-fuel shipbuilding
16:45 HD KSOE to lease Subic shipyard in Philippines
16:25 Eidsvaag receives two forage carrier vessels designed and equipped by Kongsberg Maritime
15:58 ADNOC delivers first ever bulk shipment of CCS-enabled certified low-carbon ammonia to Japan
15:35 World's 1st wind challenger-equipped coal carrier achieves fuel savings of 17%
14:57 LR to support the retrofit of two Stena Line ferries to methanol
13:52 Port of Los Angeles nets record $58 million for harbor maintenance
13:32 CMA CGM to launch MCX - West Coast Central America
12:51 Port of Long Beach cargo volumes up 14.4% in April
12:21 First Ro-Pax vessel receives DNV Silent notation following successful sea trials with Wartsila propellers
11:41 Hapag-Lloyd transport volumes increased by 6.8 percent to 3 million TEU in Q1 2024
11:10 Cavotec signs two-year service agreement with Port of Salalah