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25 July 2025
Hellenic Shipping Newsport-and-ship
Jul 25, 2025Hellenic Shipping News
in Port News
25/07/2025
A Brazilian judge has rejected a request by Danish shipping group Maersk to suspend a bidding process for the Tecon 10 terminal at Brazil’s Port of Santos pending its call for a review to allow firms already operating there into the first phase.
Maersk filed a lawsuit last month against Brazil’s marine transport authority (Antaq), calling for corrections to the bidding process to build and run the new megaterminal at Latin America’s largest port, as first reported by Reuters.
Incumbent companies are barred from the first round of bidding for the contract for the terminal, which is expected to require 5.6 billion reais ($1.0 billion) of investment.
Judge Paulo Cezar Neves Junior said he did not see any illegality in the way the marine authority designed the auction and noted that Brazil’s federal audit court is also analyzing the bidding process. He therefore denied Maersk’s injunction request, citing the absence of an imminent risk that would warrant judicial intervention.
In a statement, Maersk said on Wednesday that the ruling, issued on Tuesday, referred to a request for a new public consultation and did not cover its questions over the guidelines barring incumbent operators from the auction’s first phase.
The company said it would consider an appeal and other “appropriate measures”.
According to the current bidding rules, if no valid proposals are received in the first phase of the auction, operators of existing container terminals at Santos can bid in subsequent rounds, provided they divest their other holdings in the port complex. The marine authority did not immediately reply to a request for comment.
The restrictions clear the path for new companies, including Asian rivals or local players such as JBS Terminais, the recently established port operating unit of Brazilian meatpacker JBS. JBS Terminais declined to comment on the matter.
Source: Reuters (Reporting by Luciana Magalhaes; editing by Philippa Fletcher)
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Brazil Judge Rejects Maersk Request To Alter $1 Billion Port Auctionin Port News
25/07/2025
A Brazilian judge has rejected a request by Danish shipping group Maersk to suspend a bidding process for the Tecon 10 terminal at Brazil’s Port of Santos pending its call for a review to allow firms already operating there into the first phase.
Maersk filed a lawsuit last month against Brazil’s marine transport authority (Antaq), calling for corrections to the bidding process to build and run the new megaterminal at Latin America’s largest port, as first reported by Reuters.
Incumbent companies are barred from the first round of bidding for the contract for the terminal, which is expected to require 5.6 billion reais ($1.0 billion) of investment.
Judge Paulo Cezar Neves Junior said he did not see any illegality in the way the marine authority designed the auction and noted that Brazil’s federal audit court is also analyzing the bidding process. He therefore denied Maersk’s injunction request, citing the absence of an imminent risk that would warrant judicial intervention.
In a statement, Maersk said on Wednesday that the ruling, issued on Tuesday, referred to a request for a new public consultation and did not cover its questions over the guidelines barring incumbent operators from the auction’s first phase.
The company said it would consider an appeal and other “appropriate measures”.
According to the current bidding rules, if no valid proposals are received in the first phase of the auction, operators of existing container terminals at Santos can bid in subsequent rounds, provided they divest their other holdings in the port complex. The marine authority did not immediately reply to a request for comment.
The restrictions clear the path for new companies, including Asian rivals or local players such as JBS Terminais, the recently established port operating unit of Brazilian meatpacker JBS. JBS Terminais declined to comment on the matter.
Source: Reuters (Reporting by Luciana Magalhaes; editing by Philippa Fletcher)
Hellenic Shipping News
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25 July 20252 min readBrazil Judge Rejects Maersk Request To Alter $1 Billion Port Auction
Hellenic Shipping News
25 July 2025
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Ship Collision In Cuxhaven Spills 6,000 Litres Of Fuel Into HarbourA collision between two vessels at the entrance of Cuxhaven’s outer harbour in Germany led to a fuel spill of around 6,000 litres early on Wednesday, July 23. Authorities and emergency teams rushed to contain the spill and stop it from reaching the Elbe River.
The incident happened when the 69-meter-long German-flagged product tanker Capella, which was entering the port from Bremerhaven, collided with the 44-meter-long Dutch-flagged offshore supply vessel Coastal Legend, which was leaving the harbour.
Capella is a 1,340 deadweight tonnage (dwt) tanker and suffered only minor damage, while Coastal Legend, weighing 328 gross tons, had a breach about 80 centimetres long near the stern.
Following the collision, a red, oily film was seen floating in the harbour, and fuel was found leaking from Coastal Legend. The crew members on both vessels were safe, and no injuries were reported.
The German Seaman’s Mission and Stella Maris supported the sailors after the vessels were docked in Cuxhaven.
In response to the fuel leak, emergency services from the German Federal Agency for Technical Relief (THW), local fire departments, and the Maritime Emergency Command set up oil booms around the damaged vessel. Pumping operations began to transfer the fuel to the bunker vessel Herta. Divers were also deployed to seal the leak underwater.
Aerial support was provided by an oil reconnaissance aircraft, which conducted two flights over the affected area to monitor the spread of the spill. By late Wednesday, around 80 cubic meters of a mix of oil and water had been collected from the surface using skimmers. This mixture was being pumped into a tanker and trucks for safe disposal.
Emergency personnel wore breathing masks during operations to avoid inhaling harmful fumes. A special oil recovery vessel was also deployed to the site.
The Water Police have launched an investigation to find out the exact cause of the collision. Both vessels remained stable and were not at risk of sinking. Officials confirmed that shipping traffic on the Elbe River had not been impacted.
A spokesperson from the Central Command for Maritime Emergencies estimated that 6,000 litres of fuel had spilled and said that most of it was successfully prevented from entering the Elbe.
Per reports, Greenpeace marine biologist Thilo Maack said that any oil in the water poses a risk to marine life. The expert explained that oil blocks oxygen exchange between water and air, which can harm plankton and other small organisms. He also warned that if the oil is not removed quickly, it could settle in the harbour’s sediment and release pollutants for years.
Cleanup efforts continued into the evening, and officials said it would go on until the area is fully cleared. The full environmental impact and cost of the damage are yet to be assessed.
References: dw, aletihad
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24 July 20254 min readShip Collision In Cuxhaven Spills 6,000 Litres Of Fuel Into Harbour
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27 Million Tons Of Toxic Nanoplastics Floating In Atlantic Ocean, Study FindsA new scientific study has revealed that the North Atlantic Ocean holds around 27 million tons of nanoplastics-plastic particles smaller than 1 micrometer. This is the first time such a large amount of nanoplastics has been estimated in ocean water.
The research was carried out by the Royal Netherlands Institute for Sea Research (NIOZ) along with Utrecht University, and the findings were published on July 9, 2025, in the journal Nature.
Researchers involved in the study said that this quantity of tiny plastic is actually more than the total amount of visible plastic (microplastics and macroplastics) floating not just in the Atlantic, but in all the world’s oceans combined.
One of the lead scientists from NIOZ, who is also a professor of geochemistry at Utrecht University, said that this estimate helps reveal a major part of the “missing plastic” puzzle- referring to the fact that a large portion of plastic ever produced could never be tracked or found.
The study was made possible through the joint efforts of ocean experts and an atmospheric scientist from Utrecht University, who helped develop a method to detect and measure such small particles. Previously, some studies had shown the presence of nanoplastics in seawater, but no one had been able to estimate how much was actually out there.
A master’s student from Utrecht University, Sophie ten Hietbrink, spent four weeks aboard the research vessel RV Pelagia to collect the data. During the expedition, which sailed from the Azores to the European continental shelf, she collected water samples from 12 different locations. Using filters, anything larger than 1 micrometer was removed from the samples.
The remaining material, which possibly contained nanoplastics, was then studied in a lab at Utrecht University. By drying and heating the samples and analyzing them using a process called mass spectrometry, the scientists were able to detect the molecules that make up various kinds of plastic.
The team then extrapolated the results to cover the entire North Atlantic Ocean and arrived at the total estimate of 27 million tons. According to the researchers, this amount is extremely high and should be seen as a major warning.
The nanoplastics in the ocean can get there in multiple ways. One source is sunlight, which breaks down larger pieces of plastic into much smaller ones. Another source is rivers that carry plastic waste from land into the sea.
The researchers also pointed out that nanoplastics can travel through the air and reach the ocean with rain or settle onto the surface as dry particles falling from the sky.
Experts believe that these tiny plastic particles can have serious effects on marine ecosystems. Nanoplastics are already known to enter the human body and have even been found in brain tissue.
Since they are now known to be widespread in ocean water, scientists believe they may already be present throughout the marine food chain, from bacteria and microorganisms to fish and larger animals, including humans.
The researchers also noted that some common plastics like polyethylene and polypropylene were not found in their samples. They think these types might have been hidden by other molecules and plan to investigate further.
They also want to study whether nanoplastics are present in similar amounts in other oceans around the world. Though they fear the answer might be yes, further research is needed to confirm it.
One of the researchers stated that while this new estimate fills an important gap in our understanding of plastic pollution, the situation is worrying. The nanoplastics already in the oceans cannot be removed. Therefore, the most important step now is to stop more plastic from entering the environment in the first place.
Reference: NIOZ
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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24 July 20255 min read27 Million Tons Of Toxic Nanoplastics Floating In Atlantic Ocean, Study Finds
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Dhamra Port Sets Record With 187,000-Tonne Coking Coal ImportIn a milestone for Odisha’s maritime infrastructure, Dhamra Port has successfully handled its largest-ever imported coking coal consignment—186,782 metric tonnes—brought in by Tata Steel Ltd, one of India’s top steel producers. The massive vessel, stretching 299.95 metres in length with a 50-metre beam and an 18.40-metre draft, showcased the port’s ability to berth and unload ultra-large ships with ease.
Odisha’s industrial ascent was on full display as Dhamra Port achieved a record-breaking milestone, handling its largest-ever imported coking coal consignment. This accomplishment cements the port’s status as a premier deep-draft facility on India’s eastern seaboard and showcases its operational excellence, cutting-edge infrastructure, and growing cargo-handling capacity under Adani’s stewardship.
The successful unloading of the massive coal parcel not only bolsters key industrial operations—particularly in the steel sector—but also highlights Odisha’s emergence as a strategic gateway for global trade and raw material imports. Seamless coordination among port authorities, shipping agencies, and industry stakeholders made this feat possible, reinforcing Dhamra Port’s role as a critical engine of regional economic growth.
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23 July 20251 min readDhamra Port Sets Record With 187,000-Tonne Coking Coal Import
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23 July 2025
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Taylor Maritime Confirms 10 New Ship Sales For $176.3MLondon Stock Exchange-listed dry bulk shipowner Taylor Maritime Limited has confirmed the sale of ten new vessels for total gross proceeds of $176.3m, at an average 1.1% discount to fair market value.
The Guernsey, England-based shipping company said three vessel sales have completed to date, with the remaining seven expected to complete by December.
Taylor Maritime added that nine previously-announced vessel sales have also now completed for total gross proceeds of $137.3m.
Net proceeds from these sales, combined with a portion of existing cash on the balance sheet, have been applied to the prepayment of all outstanding bank debt in July 2025, according to the company’s announcement.
Since January 2023, it has disposed of 49 vessels, 22 of which have been during 2025, averaging a 3.1% discount to fair market value.
Following the latest transactions, the company’s owned fleet will comprise of eight Japanese-built vessels.
The shipowner also has one vessel under joint venture agreement and 6 vessels in its chartered in fleet.
Edward Buttery, chief executive officer, said: “We have demonstrated our ability to sell vessels profitably, at prices close to or at NAV, and have now paid off all our bank debt. Both steps were seen as key to defending shareholder value amidst market uncertainty.
“We believe there is potential for further downside in asset values from current levels given forecasts of an acceleration of fleet growth in the near-term and the backdrop of a slowing global economy. We have therefore sold vessels to realise proceeds in excess of requirement to meet our debt-free target in order to protect against this potential downside.
“In all, our sales since January 2023 have preserved an estimated $82.0 million of value for our shareholders given a subsequent decline in asset values. We remain cautious but positive that there is upside in the medium term outlook for the dry bulk market overall and we now have ample liquidity at our disposal to act quickly on possible opportunities, should they arise, whilst in a position to maintain our dividend.”
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18 July 20252 min readTaylor Maritime Confirms 10 New Ship Sales For $176.3M
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18 July 2025
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Mpc Container Ships Spends $228M On Four 4,500 Teu Orders In ChinaOslo-listed MPC Container Ships has placed a $228m order for four 4,500 teu container vessels at China’s Taizhou Sanfu Ship Engineering with secured three-year charters, as well as divesting some older tonnage while expanding its financing platform with new debt facilities totalling over $100m.
The ships, which will deliver in 2027, will generate around $140m in revenue from their initial three-year charters, the company said in a release.
The tonnage provider revealed today it is letting go of three older 1,300 teu ships for $31.5m with existing charters attached.
“Our ongoing fleet renewal strategy is further reinforced by these measures,” said CEO Constantin Baack (pictured).
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18 July 20251 min readMpc Container Ships Spends $228M On Four 4,500 Teu Orders In China
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Taylor Maritime Seals $176 Million From 10 Vessel SaleThree sales have been finalised, with the remaining seven expected to close by December 2025.
Nine previously announced vessel sales have been completed, bringing total gross proceeds to $137.3 million.
These funds, along with a portion of cash reserves, have been used to fully prepay all bank debt in July 2025.
Since January 2023, Taylor Maritime has divested 49 vessels, 22 of which occurred in 2025, at an average 3.1 per cent discount to Fair Market Value.
READ: Triton agrees container leasing company sale
Following these sales, the fleet will consist of eight Japanese-built vessels, one under a JV agreement, and six chartered vessels.
Taylor Maritime will release its next quarterly trading update on 25 July 2025.
Edward Buttery, CEO, Taylor Maritime, stated: “This move was essential for protecting shareholder value amid market uncertainty. With forecasts predicting fleet growth and a slowing global economy, we’ve taken steps to mitigate potential asset value declines.
“While we remain cautious, we’re optimistic about the medium-term dry bulk market outlook and now have sufficient liquidity to pursue opportunities, while ensuring dividend stability.”
In March, the Chinese government reposted content condemning the port deal between CK Hutchison and US firm BlackRock, calling it a ‘betrayal of China’.
Port Technology International
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17 July 20252 min readTaylor Maritime Seals $176 Million From 10 Vessel Sale
Port Technology International
17 July 2025
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Iran Seizes Tanker For Smuggling 2 Million Litres Of Fuel, 17 Crew ArrestedIranian authorities have seized a foreign oil tanker in the Gulf of Oman for smuggling over 2 million litres of fuel. The operation was reported on July 16, by the Chief Justice of Hormozgan province, according to local media outlets.
Officials said the tanker was inspected due to missing or incomplete legal documents related to its cargo. During the inspection, it was found to be carrying 2 million litres of smuggled fuel.
Following the inspection, the vessel was detained. A total of 17 people on board, including the captain and crew members, were arrested. A judicial case has been filed at the prosecutor’s office in Jask county. Iranian authorities have not disclosed the name of the ship, its flag, or the country it was headed to.
The Chief Justice of Hormozgan province said the authorities are currently collecting evidence to confirm the exact quantity of fuel. Laboratory tests and document verification are also underway to confirm the cargo’s contents and its legal status.
Iran’s state-run and semi-official news agencies reported that the judiciary would announce the results of the investigation once the verification process is complete.
The country has some of the lowest fuel prices in the world due to government subsidies and the fall in the value of the Iranian currency. These conditions have made fuel smuggling a serious issue. Smugglers often attempt to move fuel illegally by land into neighboring countries or by sea to Gulf Arab states.
Officials said that individuals involved in smuggling activities, especially those working with foreign partners, will not be shown any leniency if proven guilty.
In March 2025, Iranian authorities reported intercepting two vessels carrying a total of 3 million litres of diesel fuel. Those operations also led to the arrest of 25 crew members.
In April, three more vessels were stopped, and in June, another tanker was detained. In a previous case in April 2025, two ship captains and four crew members were sentenced to five years in prison and fines after being found guilty of smuggling fuel.
Earlier this year, Iran’s Islamic Revolutionary Guard Corps also seized two Tanzanian-flagged tankers, Sea Ranger and Salama, for allegedly transporting 1.5 million litres of diesel in the Gulf. Those vessels and their 25 foreign crew members were transferred to the port of Bushehr for further legal proceedings.
Reference: Reuters
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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17 July 20254 min readIran Seizes Tanker For Smuggling 2 Million Litres Of Fuel, 17 Crew Arrested
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Genco Shipping & Trading Closes New $600 Million Revolving Credit Facility, Increasing Borrowing Capacity By 50%in Dry Bulk Market,International Shipping News
16/07/2025
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it has closed a $600 million revolving credit facility, amending its existing facility to provide significant capacity to pursue accretive growth opportunities among other uses.
Key terms of the $600 million revolving credit facility include:
John C. Wobensmith, Chief Executive Officer, commented, “We are pleased to have meaningfully increased our borrowing capacity under attractive terms, which is a reflection of Genco’s industry leading balance sheet and our strong track record of executing our proven value strategy and providing shareholder returns through the drybulk cycle. Having significant capital readily available puts Genco in a highly advantageous position to act decisively to capture attractive growth opportunities for shareholders. We believe that Genco’s capital structure offers a compelling risk-reward balance, while also providing significant financial flexibility and optionality that goes hand-in-hand with our capital allocation strategy focused on dividends, deleveraging and growth. We maintain an overall positive view of the drybulk market, due to the solid supply side fundamentals, and with $500 million of undrawn revolver availability, we are in an optimal position to renew and grow our asset base.”
Peter Allen, Chief Financial Officer, commented, “With this latest increased $600 million credit facility, Genco achieved several important objectives, including upsizing our borrowing capacity, extending maturity, reducing margin, and improving several other key terms. Notably, the lack of commitment reductions until March 31, 2027 enables Genco to maintain the full $600 million of borrowing capacity for an extended period of time adding to our optionality as markets develop. Furthermore, the full revolving credit facility structure fits well into our broader capital allocation approach, providing the flexibility to continue to paydown debt while maintaining the ability to strategically access capital when attractive opportunities materialize. We appreciate the continued support of our high-quality bank group, as we continue to execute Genco’s strategy.”
Lenders of the revolving credit facility include reputable international shipping banks that are a part of our existing bank group. Nordea Bank Abp, New York Branch (“Nordea”) acted as Coordinator, Sustainability Coordinator, Administrative Agent, Collateral Agent and Security Trustee. Nordea, Skandinaviska Enskilda AB (publ), DNB Markets, Inc and ING Capital LLC acted as Mandated Lead Arrangers & Bookrunners, CTBC Bank Co., Ltd as Mandated Lead Arranger and First-Citizens Bank & Trust as Co-Arranger.
Genco has $100 million of debt outstanding and $500 million of undrawn revolver availability as of the date of this press release.
*Margin is based on a grid of 1.75% to 2.15% depending on total net indebtedness to EBITDA. This is down from 1.85% to 2.15% previously. The commitment fee on undrawn amounts is reduced from 40% of margin to 35% of margin.
Source: Genco Shipping & Trading Limited
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16 July 20253 min readGenco Shipping & Trading Closes New $600 Million Revolving Credit Facility, Increasing Borrowing Capacity By 50%
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16 July 2025
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Its Begins $365 Million Terminal Expansion At Port Of Long BeachInternational Transportation Service (ITS) has officially launched a major expansion project at the Port of Long Beach to increase cargo-handling efficiency and create more terminal space.
The $365 million project broke ground on July 11 and will add 19 acres of new land to the Pier G terminal by filling in an unused water slip.
The extra space will be used to stack more cargo containers and improve terminal operations. ITS also plans to build a 3,400-foot-long wharf that will allow two of the world’s largest container ships to dock at the same time.
City officials welcomed the project, saying it will benefit the port, the local workforce, and the overall supply chain. Long Beach’s Mayor said that ITS, a longtime tenant of the port for over 50 years, is making an investment that will bring long-term advantages. The mayor also mentioned that the expansion would help move cargo more smoothly and create stable union jobs with good pay.
Port of Long Beach officials shared that ITS was the first company to sign a “green lease” nearly 20 years ago, showing early commitment to reducing environmental impact. They said that ITS is now continuing that effort by increasing terminal capacity. According to the Port’s CEO, the new construction will support the U.S. economy by building up infrastructure and boosting efficiency.
The Long Beach Board of Harbor Commissioners also highlighted ITS’s work in reducing emissions and moving more cargo by rail. Officials described the company as a strong environmental partner and praised its efforts to modernise operations.
ITS said the project will rely on local labor and American-made materials. According to ITS Long Beach’s CEO, the goal is to strengthen the nation’s supply chain while keeping both economic and environmental benefits in the U.S. The company stated that this expansion prepares them for the future of global trade by upgrading key infrastructure right at home.
The ITS terminal is located in the outer harbor and is currently divided by a large slip, which is no longer needed. The plan is to fill this area using approximately 2.5 million cubic yards of sediment. This fill material will come from two sources: reused sediment from the Port’s Harbor District and dredged sediment from Newport Harbor in Newport Beach.
Construction is expected to be completed by late 2028. Once finished, the expanded terminal will give ITS and the Port of Long Beach more space, greater ship-handling capacity, and a smoother, more efficient cargo flow.
Reference: Port of Long Beach
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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16 July 20254 min readIts Begins $365 Million Terminal Expansion At Port Of Long Beach
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Dp World To Develop, Operate Syrian Port In $800M, 30-Year DealPhoto credit: DP World
DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus, according to DP World announcement.
As part of the agreement, DP World will invest $800m over the duration of the concession to upgrade the port’s infrastructure and position it as a critical regional trade hub connecting Southern Europe, the Middle East and North Africa.
Following over a decade of conflict and long-standing underinvestment in trade infrastructure, the redevelopment of Tartus marks an important step in Syria’s economic reintegration.
Structured as a Build-Operate-Transfer (BOT) model and fully owned by DP World, the project will include new infrastructure, advanced cargo-handling equipment, and digital systems to improve efficiency across the port’s container and general cargo terminals.
Sultan Ahmed bin Sulayem, chairman and group CEO of DP World, said: “We see strong potential in Tartus to serve as a vital trade gateway and look forward to strengthening regional connectivity and economic opportunity through this investment. We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region.”
Located on Syria’s Mediterranean coast, Tartus is the country’s second-largest port and a key maritime gateway to trade routes across Europe, the Levant and North Africa.
Its strategic position enhances regional connectivity, complementing existing routes through the Bosporus and Suez.
The redevelopment will enable Tartus to handle general cargo, containers, breakbulk, and roll-on/roll-off traffic, expanding Syria’s trade potential as the country continues to rebuild.
DP World will also explore opportunities to develop free zones, inland logistics hubs, and transit corridors in partnership with local stakeholders.
Trade drives reintegration and resilience.I’m proud to have signed a 30-year agreement to redevelop Syria’s Tartus Port – in the presence of President Ahmed Al-Sharaa – with a USD 800M investment to reconnect the region through trade and infrastructure. pic.twitter.com/TnZC5iVTa9
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15 July 20252 min readDp World To Develop, Operate Syrian Port In $800M, 30-Year Deal
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15 July 2025
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Port Of Long Beach Breaks Ground On $365 Million Terminal Expansion ProjectBreaking ground on a $365 million terminal expansion project at the ITS terminal at Pier G in the Port of Long Beach. The project to fill in a slip will create 19 acres of new land in the terminal. Photo courtesy Port of Long Beach
International Transportation Service (ITS) has broken ground on a significant terminal expansion project at the Port of Long Beach that will substantially increase capacity and operational efficiency.
The $365 million project will create 19 acres of new land by filling an unneeded slip in the middle of the Pier G terminal. Additionally, ITS will construct a single, continuous wharf measuring 3,400 feet, allowing the simultaneous accommodation of two of the industry’s largest cargo ships.
“This investment by ITS will create benefits for decades to come with more cargo moving smoothly without delays and greater opportunities for waterfront labor – union jobs with good, dependable incomes,” said Long Beach Mayor Rex Richardson.
Port of Long Beach CEO Mario Cordero highlighted ITS’s environmental commitment, noting that the company “became our first to sign a green lease” nearly 20 years ago.
Located in the outer harbor, the ITS terminal is currently split by the south slip, which will be filled with approximately 2.5 million cubic yards of reused sediment from within the Harbor District and dredged materials from Newport Harbor. The project is expected to be completed in late 2028.
“This project strengthens America’s supply chain by investing in infrastructure the right way — using local labor and U.S.-made materials,” said ITS Long Beach CEO Kim Holtermand.” We’re not just preparing for the future — we’re building it here, at home.”
The expansion aligns with the Port’s Green Port Policy, established in 2005, which has implemented programs to improve environmental conditions while maintaining sustainable practices.
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15 July 20252 min readPort Of Long Beach Breaks Ground On $365 Million Terminal Expansion Project
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