port-and-ship
14 March 2025
Port Technology Internationalport-and-ship
Mar 14, 2025Port Technology International
According to the latest statement from Triton, the transaction is subject to standard closing conditions, including regulatory approval, and is anticipated to close in the first half of 2025.
GCI is a marine container leasing company based in Bermuda, with operations around the world. The company operates a fleet of approximately 500,000 TEUs, serving many of the largest shipping lines globally.
Brian Sondey, Triton’s Chief Executive Officer commented: “The GCI team has created an impressive business with a well-structured long-term lease portfolio.
“This acquisition is an excellent strategic fit for Triton that will allow us to lock in meaningful container fleet growth. We are confident that this transaction will strengthen our ability to offer best-in-class service and support to our customers.”
In 2023, Brookfield Infrastructure Partners is acquiring Triton International Limited for approximately $4.7 billion in cash and stock, valuing the container-leasing company’s equity at $13.3 billion.
In other maritime news, the Chinese government recently reposted content criticising the port deal between CK Hutchison and US firm BlackRock, calling it a ‘betrayal of China’. According to Reuters, the commentary led to a 6.38 per cent drop in shares of the Hong Kong-based multinational on 14 March.
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Montreal Port Project Backed Sees Cost Rise To $1.7 BillionStock Photo: PatrickLauzon photographe / Shutterstock.com
(Bloomberg) — The cost of a new Port of Montreal terminal that Canadian Prime Minister Mark Carney says is in the national interest has soared to C$2.3 billion ($1.7 billion), according to a cabinet minister.
The Montreal Port Authority announced earlier this week that it signed a development agreement for the new Contrecoeur terminal with logistics giant DP World Ltd.’s Canadian unit. The project aims to boost the container-handling capacity of the region’s port by more than 50%.
Dominic LeBlanc, Canada’s minister responsible for trade with the US and intergovernmental affairs, revealed the latest cost estimate at a news conference Thursday. He also said some private equity investors have committed financing to the expansion.
Previously, the cost had been estimated to be C$1.6 billion, with C$580 million in support from the Canadian and Quebec governments, along with the state-owned Canada Infrastructure Bank. More federal funds could be invested, LeBlanc added.
“One of the reasons why this project is so important for the government of Canada is that it is a mix of private and public investment that will make a significant contribution to the GDP of the country,” LeBlanc said.
Julien Baudry, an executive with the Montreal Port Authority, explained the project has evolved to “meet today’s standards” with electrified and low-carbon equipment.
“Obviously, this requires investment and will make us competitive,” he said. “There will be an update on the budget, but it’s still too early to confirm the financial package.”
LeBlanc made his appearance in Montreal to support the project. The new terminal was included in a list of projects announced Thursday that Carney’s government intends to expedite to boost Canada’s economy in response to US tariffs. The government also wants to speed construction of a major expansion of LNG Canada, a large-scale liquefied natural gas export project on the Pacific coast.
These projects will be referred to a new “major projects office,” which will help achieve any remaining regulatory approvals and secure the necessary financing.
The Contrecoeur terminal is awaiting a final authorization by Canada’s Fisheries Department, and construction could start by the end of the month. The major projects office will simplify and fast-track the next steps, the port authority said.
© 2025 Bloomberg L.P.
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gCaptain
port & ship
12 September 20252 min readMontreal Port Project Backed Sees Cost Rise To $1.7 Billion
gCaptain
12 September 2025
port-and-ship
Canadian Shipbuilder Davie Reveals Plans For $1B Icebreaker Factory In TexasDavie Defense Inc., the American arm of Canadian shipbuilder Davie, has revealed detailed plans for a $1 billion “American Icebreaker Factory” in Galveston, Texas, marking one of the largest expansions of U.S. shipbuilding capacity in decades.
The facility will be developed at the Gulf Copper shipyard, a historic site on Galveston’s waterfront, and will be purpose-built to deliver Arctic Security Cutters for the U.S. Coast Guard. Renderings show at least six new assembly bays, a reclaimed waterfront apron, and two new shiplifts replacing four of the yard’s existing finger piers.
Davie Defense said the investment is designed to meet the Trump administration’s shipbuilding priorities, including the Coast Guard’s urgent need for new polar vessels.
The new facility is being developed in partnership with Pearlson, a Florida-based specialist in shipyard design and program management, which has previously worked with BAE Systems, Austal USA, and Fincantieri Marinette.
Davie also highlighted the role of its Finnish subsidiary, Helsinki Shipyard, which has decades of experience in constructing advanced icebreakers. Helsinki has built many of Russia’s non-nuclear icebreakers and is currently producing Canada’s Polar Max, scheduled for delivery by 2030 as one of the world’s most powerful polar ships.
Executives said this expertise will be applied in Texas, noting that their proposed Arctic Security Cutter (ASC) design is already proven in seven ships. Davie Defense claims it can deliver the first ASC within 26 months of signing a contract.
The U.S. Coast Guard, backed by the One Big Beautiful Bill Act, has a $3.5 billion budget for medium icebreakers but must allocate it quickly. In April, the service issued a Request for Information for up to three ASCs that could be delivered within three years. The goal is to have the first ship in service before the end of President Donald Trump’s current term.
Currently, the U.S. has only three polar icebreakers, while Russia operates over 40, and China is quickly expanding its fleet.
The Coast Guard’s current Polar Security Cutter program at Bollinger Shipyards has faced major delays, with the first delivery now pushed to 2030, six years behind schedule.
Davie Defense projects the Galveston yard could directly employ more than 2,000 workers and support more than 7,000 jobs across Texas. An independent study by Impact Data Source estimates the overall economic impact at $9 billion. The company added that around 4,000 jobs nationwide could be created across its supply chain.
The project faces competition from a new consortium led by Louisiana-based Bollinger Shipyards. That group includes Finland’s Rauma Shipyard, Canada’s Seaspan Shipyards, and Aker Arctic Technology, and is also aiming to build the next generation of U.S. icebreakers.
Davie’s expansion in Texas follows its acquisition of Gulf Copper’s shipbuilding assets in Galveston and Port Arthur, a deal announced in June and expected to close soon. The company said it shares a long-term vision with Gulf Copper to turn Texas into a hub for advanced icebreaker and complex ship construction.
The initiative also supports the ICE Pact, a trilateral agreement signed in July 2024 by the U.S., Canada, and Finland to strengthen cooperation on icebreaker production and polar security. Davie’s Canadian operations have delivered more than 720 specialised ships since 1825, while Helsinki Shipyard has built over half the world’s icebreaker fleet.
A formal ceremony is planned in Texas this fall to mark the start of construction on the new facility.
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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11 September 20254 min readCanadian Shipbuilder Davie Reveals Plans For $1B Icebreaker Factory In Texas
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11 September 2025
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Port Of Long Beach Invests $102M In Zero-Emissions GearThe equipment funding is part of the System-Wide Investment in Freight Transport (SWIFT), an initiative funded by the California State Transportation Agency’s Port and Freight Infrastructure Program.
SWIFT is designed to support goods movement efficiency and reduce environmental impacts on neighbouring communities.
The bulk of the funding, $93.4 million, will allow tenants to acquire 65 fully zero-emissions cargo-handling units along with associated charging infrastructure, as well as enable harbour craft operators to replace 37 marine engines with cleaner or zero-emission options.
Additionally, the port will invest $8.3 million to design zero-emissions infrastructure at SSA Terminals at Pier A and Pacific Container Terminal at Pier J.
All cargo-handling equipment funded will be manually operated. Recipients will match at least 20 per cent of total project costs under the passthrough agreement for grants approved by the Long Beach Harbor Commission on 8 September.
Port of Long Beach CEO, Mario Cordero, said: “The Port of Long Beach is on the road to zero emissions, leveraging demonstration projects, investments and grants to reach a greener future.
“I’d like to thank Gov. Gavin Newsom, Transportation Secretary Toks Omishakin and the state Legislature for their commitment to investing in the future of the supply chain.”
READ: Port of Long Beach throughput climbs 7 per cent in July
Long Beach Harbor Commission President, Frank Colonna, stated: “A core value of the Port of Long Beach is to support good-paying jobs while also making strides to protect the environment.
“This helps our industry partners invest in new, cleaner equipment so they can continue their work to efficiently move cargo at the nation’s busiest port complex, while also laying out a path to zero emissions at two of our terminals.”
Earlier this July, the Port of Long Beach appointed Don Kwok as its new Director of Finance.
Port Technology International
port & ship
10 September 20252 min readPort Of Long Beach Invests $102M In Zero-Emissions Gear
Port Technology International
10 September 2025
port-and-ship
Navios Partners Snaps Up Boxship Newbuild Resales In $460M DealGreece’s Navios Maritime Partners has confirmed its latest move in the boxship newbuilding market with four ships snapped up in a $460m resale deal.
The Angeliki Frangou-led outfit is paying $115.1m apiece for the 8,850 teu methanol-ready and scrubber-fitted vessels from an undisclosed third party. The quartet comes backed by charters running 5.2 years, worth about $335m, with an optional one-year extension that could add a further $60m. Deliveries are scheduled between late 2027 and early 2028.
The move comes shortly after Navios Partners bolstered its tanker position, spending $133m on two aframax/LR2 resales. Those 115,000 dwt units, due in 2027, push its tanker newbuilding tally to a dozen units.
The company currently controls 67 bulkers, 47 boxships and 57 tankers. Its orderbook includes 18 tankers set to deliver through 2028, and now eight boxships—four 7,900 teu units arriving in 2027 and the latest 8,850 teu quartet.
While the seller, yard and charterer in the boxship deal have not been identified, shipbuilding sources previously linked Navios to a similar quartet at South Korea’s HJ Shipbuilding & Construction, where the company already has business on its books.
Splash247
port & ship
09 September 20251 min readNavios Partners Snaps Up Boxship Newbuild Resales In $460M Deal
Splash247
09 September 2025
port-and-ship
Port Of Brisbane Reports $73.5 Billion Trade In Fy25Approximately $73.5 billion in international cargo passed through the port, supported by a record 1.62 million TEUs and a 7.8 per cent rise in total trade tonnage to 34.9 million tonnes.
Port of Brisbane Pty Ltd CEO, Neil Stephens, emphasised the port’s vital role in Queensland’s economy, noting it powers the state economy, connects communities, and keeps the region moving.
The port handled 1.62 million TEUs containers, including 693,000 TEUs of imports and 395,000 TEUs of exports.
READ: Port of Brisbane delivers new home for DSV
Import volumes remained strong due to population expansion, particularly in building materials and household goods.
Bulk grain exports jumped 259 per cent from FY24 to nearly 2 million tonnes.
Chickpea exports reached almost 1 million tonnes, boosted by the lifting of Indian tariffs in 2024.
Refrigerated meat exports rose 12.9 per cent to a record 77,750 TEUs, with over half sent to North Asia.
The port’s strength grew due to large investments by global and local logistics firms. Seven property developments spanning 26 hectares were completed for new and existing clients.
In June, the Port of Brisbane launched Vision 2060, a roadmap designed to strengthen Queensland’s economy, future-proof trade, and promote a more sustainable, efficient port.
Port Technology International
port & ship
08 September 20252 min readPort Of Brisbane Reports $73.5 Billion Trade In Fy25
Port Technology International
08 September 2025
port-and-ship
Hafnia Swoops For 14.5% Torm Stake In $311M Deal With OaktreeSingapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m.
The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and New York-listed firm. The transaction is subject to final documentation and regulatory approvals.
The sale will reduce Oaktree’s ownership in Torm to about 26.5%, down from roughly 41%. Hafnia stressed that the move is not a takeover or merger offer under UK rules, although it signals further consolidation in the mid-size tanker sector.
Hafnia, led by Mikael Skov (pictured), said it views consolidation as generally positive for the industry but has made no decisions on a broader combination with Torm. Skov himself previously spent 25 years at Torm, including two as chief executive.
Hafnia’s fleet stood at more than 120 vessels at the end of the second quarter, while Torm, under CEO Jacob Meldgaard, operates close to 90 ships. Both owners have strong operational and management links to Copenhagen.
Shipping analysts at SEB, a Swedish investment bank, noted the purchase price implies a price-to-NAV of around 0.94x and suggested any potential merger could be done on a NAV-for-NAV basis.
A combination would create a product tanker giant with an estimated NAV of $5.7bn and close to 200 ships, with Oaktree’s ownership reduced to just over 10%.
“Overall, we see a potential merger and improved liquidity of a combined entity as positive for both Hafnia and Torm shareholders,” SEB said in its note to investors.
Splash247
port & ship
04 September 20252 min readHafnia Swoops For 14.5% Torm Stake In $311M Deal With Oaktree
Splash247
04 September 2025
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For The First Time In 14 Years, Syria Resumes Oil Exports With A Shipment Of 600,000 Barrelsin Freight News
03/09/2025
Before 2010, when the protests against Bashar al-Assad led to a civil war in the country, oil provided more than half of Syria’s income.
The Syrian Ministry of Energy announced on Monday the resumption of heavy oil exports from the western port of Tartus for the first time in 14 years.
The ministry said in a statement: “Today (Monday), 600,000 barrels of heavy oil were exported from the Tartus oil terminal aboard the tanker Nessus Christiana for BeServ Energy.”
Strengthening Syria’s presence in markets
The move came “within the framework of government directives and the plans of the General Directorate of Petroleum at the Ministry of Energy to enhance Syria’s presence in foreign oil markets, in a step that is the first in years”, the statement said.
“This achievement is an important step in revitalising the oil sector and expanding the horizons of co-operation with international companies, to be followed by subsequent exports in the coming period,” it added.
Re-exporting
In June, Syria re-exported non-crude petroleum products from the Banias refinery in Tartus province, with an initial shipment of 30,000 metric tonnes sent to international markets.
Baniyas, located about 35km north of Tartus, is a small but strategic coastal city that is home to Syria’s largest oil refinery and an oil port specialised in exporting and importing crude.
In 2010, before the outbreak of the civil war, black gold accounted for 20% of Syria’s GDP, half of its exports, and more than 50% of state revenues.
The country used to produce 390,000 barrels of oil per day, but production has declined sharply, reaching only 40,000 barrels per day in 2023.
First ship arrives since the lifting of sanctions
A few days ago, Tartus governorate reported the arrival of the first cargo ship to the country since the lifting of economic sanctions on Damascus.
The M J ship arrived Wednesday at Tartus port, carrying 19,000 tonnes of Romanian barley, the governorate said in a statement.
“It is the first ship of its kind to arrive at Syrian ports without passing through Turkey or Lebanon,” it said.
On Monday, the US Treasury Department announced the removal of sanctions imposed on Syria from the Code of Federal Regulations, explaining that the decision will come into effect on Tuesday.
In early July, US President Donald Trump signed an executive order to end the sanctions imposed on Syria by the United States against the regime of former Syrian President Bashar al-Assad in 2011, followed by several European countries announcing the lifting of economic sanctions on Damascus.
Source: Euronews
Hellenic Shipping News
port & ship
03 September 20253 min readFor The First Time In 14 Years, Syria Resumes Oil Exports With A Shipment Of 600,000 Barrels
Hellenic Shipping News
03 September 2025
port-and-ship
Syria Exports 600,000 Barrels Of Crude Oil In First Shipment In 14 YearsSyria has exported crude oil for the first time in 14 years. The Ministry of Energy confirmed that 600,000 barrels of heavy crude were loaded on September 1 onto the Greek-owned tanker Nissos Christiana, which has a capacity of 114,264 deadweight tons, at the port of Tartus.
Tracking data showed the tanker had not yet departed Syria.
The crude was purchased by B Serve Energy, a company linked to global oil trader BB Energy. A Syrian energy official, Riyad al-Joubasi, said the shipment was taken from several oil fields in the country but did not specify which ones.
Before the war, Syria exported about 380,000 barrels per day in 2010. At that time, Shell operated the country’s largest field with government partners, and France’s Total ran the second-largest. Both companies suspended operations in 2011 when European sanctions were introduced.
Syria’s oil industry collapsed during the nearly 14-year war that followed mass protests against President Bashar al-Assad in 2011. Assad was removed from power in December last year, and the new Islamist-led government has pledged to rebuild the economy.
Video Credits: DWS News/YouTube
For several months after the transition, U.S. and European sanctions continued to block energy trade, but in June U.S. President Donald Trump issued an executive order lifting American sanctions. The move opened the way for U.S.-based firms to start working on a master plan for oil and gas exploration in Syria.
Additionally, Syria signed an $800 million MOU with Dubai’s DP World to develop, manage, and operate a new multi-purpose terminal at Tartus. This agreement canceled a previous contract with Russian company OAO Stroytransgaz, which had been operating the port since 2019.
For years, the Russian Navy used the port as a supply and maintenance base for its Mediterranean Flotilla. Earlier this month, the Russian Kilo-class submarine RFS Novorossiksk (B261), along with the Goryn-class tug Yakov Grebelskiy, was tracked near Tartus.
Open-source analyst Italmilradar reported that both vessels appeared to be preparing to leave the Mediterranean through the Strait of Gibraltar.
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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03 September 20253 min readSyria Exports 600,000 Barrels Of Crude Oil In First Shipment In 14 Years
Marine Insight
03 September 2025
port-and-ship
Three Port Workers Charged For $164 Million Cocaine Seizure In AustraliaThree men from Sydney have been charged, and more than half a tonne of cocaine worth over $164 million has been seized following a major multi-agency investigation into port workers accused of helping criminal syndicates smuggle drugs into Australia.
The operation was carried out by the Multi Agency Strike Team (MAST), which includes investigators from the Australian Federal Police (AFP) and NSW Police Force (NSWPF).
In April 2025, investigators set up Strike Force Paiporta to track a criminal syndicate suspected of having members inside Sydney’s ports who were helping to move large amounts of illegal drugs.
MAST later received intelligence that a group was planning to retrieve drugs from an imported shipping container while it was being stored at a sea freight facility in Sydney. The container had arrived in Australia carrying legitimate cargo, which was delivered, before the container was sent back to storage.
At about 12.30 am on Sunday, 31 August 2025, a 38-year-old forklift driver from Hillsdale was seen moving containers at the facility to reach one specific container. Soon after, a 25-year-old man from Oyster Bay entered that same container carrying a bag.
Police allege the man had a crowbar, angle grinder, portable lights, ear protection, and other hand tools to cut into a hidden section of the container. Investigators arrested him as he came out of the container.
Crime scene specialists then examined the unit, removed a false wall, and found 506 tightly packed blocks of white powder hidden behind lead sheeting. Tests confirmed the substance was cocaine. Police estimate the shipment could have been broken down into 2,530,000 street deals of 0.2 grams each.
A short time later, the Hillsdale man returned to the same container and was also arrested by investigators.
Both men were taken to St George Police Station and formally charged with importing a commercial quantity of a border-controlled drug and attempting to possess a commercial quantity of cocaine, under sections 307.1 and 307.5 of the Criminal Code. Each offence carries a maximum penalty of life imprisonment.
Soon after, investigators executed a search warrant at the Hillsdale man’s home. A 42-year-old man from Caringbah was intercepted as he was leaving the property. Police found him with $200,000 in cash suspected to be proceeds of crime. It was later confirmed that this man also worked as a forklift driver for a logistics company.
He was arrested and charged with dealing with money suspected of being proceeds of general crime, contrary to section 400.9(1AB) of the Criminal Code.
A second search warrant was carried out at the Oyster Bay man’s home, where investigators found another $130,000 in suspected proceeds of crime.
All three men faced Sutherland Local Court on Monday, 1 September 2025. The Hillsdale and Oyster Bay men were refused bail and will next appear at the Downing Centre Local Court on 29 October 2025. The Caringbah man was granted bail with strict conditions and is also due to appear at the Downing Centre on the same date.
Authorities confirmed that the shipping container had been sent from Europe. Investigations are continuing to trace the source of the drugs and to identify anyone else linked to the importation plot.
Reference: AFP
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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03 September 20254 min readThree Port Workers Charged For $164 Million Cocaine Seizure In Australia
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03 September 2025
port-and-ship
International Labour Organization Staff Fear Job Losses As Trump Proposes $107 Million Cutin World Economy News
02/09/2025
The International Labour Organization is assessing the impact of a $107 million funding cut proposed by the Trump administration to the Geneva-based U.N. agency, according to an internal message reviewed by Reuters.
Staff at the ILO, which promotes international labour rights, told Reuters there are fears of further job cuts as the U.S., which contributes 22% of the ILO’s regular budget, seeks to row back on funding.
President Donald Trump has moved to unilaterally cancel $4.9 billion in foreign aid authorised by Congress for a number of international programmes, including a $107 million cut to the ILO, a White House statement said on Friday.
In the internal note sent to staff, ILO Director-General Gilbert F. Houngbo said he lacks “full clarity” on the cut’s implications and is in contact with the U.S. administration.
He told staff that the U.S., the agency’s largest donor, had yet to pay its 2024 and 2025 dues.
“Specifically, we are seeking to understand if this reduction applies to the ILO’s assessed contributions for 2025, the entire 2024/25 biennium, or future contributions,” the memo added. The ILO was not immediately available for comment.
The ILO’s $930 million total two-year budget for 2026-2027 was approved in June.
A ILO staff member told Reuters that the “considerable cut” could put staff jobs at risk. The staff member said colleagues were also upset by the White House statement which said the organisation “works to unionise foreign workers and punish U.S. corporate interests abroad”, and said it misrepresented the agency’s values.
The White House was not immediately available for comment.
The Trump administration intends to implement the cuts through a “pocket rescission,” a tactic to bypass Congress.
Reuters reported on Friday that Nels Nordquist, a top economic aide to Trump, is slated to leave the White House to become deputy director-general at the ILO, replacing a former Biden administration official.
In May the ILO confirmed it had cut about 225 jobs at its headquarters and in the field.
Source: Reuters
Hellenic Shipping News
port & ship
02 September 20252 min readInternational Labour Organization Staff Fear Job Losses As Trump Proposes $107 Million Cut
Hellenic Shipping News
02 September 2025
port-and-ship
Port Of Tauranga Hits 1.2M Teus Despite Looming CrisisThe port also reported a 7 per cent increase in total trade from the previous year to 25.3 million tonnes.
The increases in both tonnage and volume were largely attributed to resilient export volumes by the port.
Moreover, Underlying Group Net Profit After Tax was NZD $126.0 million (£73.8 million), a 23 per cent increase on the previous year.
READ: Kalmar secures hybrid straddle carrier order from Port of Tauranga
Port of Tauranga Chair, Julia Hoare, said New Zealand is missing out on hundreds of millions of dollars a year due to the delays in consenting the Stella Passage development, which has been in the consenting system for more than six years.
A judicial review of the port’s fast-track application for the Stella Passage development has been upheld, with the High Court determining the Environmental Protection Authority should not have accepted the application as the project was not exactly as described in Schedule 2 of the legislation.
The legislative drafting error has resulted in the Court putting the fast-track process on hold. The expert panel was due to commence on 1 September.
The ongoing delays in obtaining a resource consent for the Stella Passage development are reaching a crisis point as the port is forced to turn away shipping services due to a lack of berth capacity.
In the last month, the port has had to decline a proposed new service to the Americas that would have provided New Zealand importers and exporters with an estimated $65 million (£38.1 million) to $90 million (£52.7 million) per annum in international freight savings.
Earlier this July, the Port of Tauranga announced it would trial the country’s first-ever all-electric container straddle carrier at New Zealand’s busiest port.
Port Technology International
port & ship
02 September 20252 min readPort Of Tauranga Hits 1.2M Teus Despite Looming Crisis
Port Technology International
02 September 2025
port-and-ship
Thames Freeport Launches Ai And 5G Lab For Port InnovationThames Freeport, in partnership with L Marks, PUBLIC, MH&A, and Rainmaking, is launching new initiatives to support startups and tech firms focused on AI-powered solutions.
As an Industrial Strategy Zone, it aims to attract investment and highlight UK innovation.
A central part of the plan is the Thames Freeport Connectivity Lab, led by L Marks and Cambridge Management Consulting.
The Lab targets AI, 5G, and smart infrastructure for ports and logistics.
READ: Thames Freeport celebrates £600 million of investment
Powered by Verizon Business private 5G, the Lab will serve as a testbed for technologies to improve operations and boost competitiveness.
Developed in partnership with DP World London Gateway, Port of Tilbury, and Ford Motor Company Dagenham, the Lab will run a 10-week programme connecting startups with industry leaders, offering mentorship and opportunities to test their technologies in real environments.
The programme will focus on tracking & monitoring, maintenance & efficiency, and health, safety & security. A wildcard category will consider disruptive ideas with potential impact.
L Marks has also been appointed Thames Freeport’s strategic innovation delivery partner.
READ: Verizon, Nokia launch 5G at Thames Freeport sites
Stuart Rimmer, Interim CEO of Thames Freeport, said: “These collaborations with L Marks and Rainmaking underline our commitment to delivering real-world impact, creating jobs, supporting businesses, and building a future-ready economy where communities prosper and new industries thrive.”
Tom White, Director of Innovation at Thames Freeport, stated: “The Connectivity Lab and our wider partnerships give us the platform to mobilise new solutions at scale.
“Working alongside innovators, corporates and the public sector, we are building an ecosystem that delivers real impact for both businesses and communities. Together with technology leaders, investors and startups, we are seizing the opportunity to create a global hub of impact-led innovation, and the door is open to those ready to be a part of it.”
Last month, London Thames Hydrogen confirmed a £200 million ($270.9 million) private-sector commitment to build a next-generation hydrogen-from-waste facility on the Tilbury Tax Site at Thames Freeport.
Port Technology International
port & ship
02 September 20252 min readThames Freeport Launches Ai And 5G Lab For Port Innovation
Port Technology International
02 September 2025
port-and-ship