Latest News for: Shipping investment

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Eastport’s historic port navigates new challenges

Bangor Daily News 06 Feb 2023
Local officials are exploring cruise ships, a railway line and additional cargo shipments to improve the port’s financial condition ... A new era of international shipping ... Along with shipping International Grand Investment’s paper goods to Europe and Asia, the port worked to take on new cargo — but new partners were hard to find ... cruise ships.
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Blue Sky: Maritime stakeholders should focus on managing ESG risks and opportunities

SAFETY4SEA 06 Feb 2023
Green shipping corridors have the potential to expedite the development of necessary policy and unlock industry investments, provided that the fine and highly susceptible balance between energy transition and energy security is maintained ... What is your message to US and Canada maritime stakeholders with regards to a more sustainable shipping?.
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SGTD goes big to accommodate world’s largest vessel

Capital Ethiopia 06 Feb 2023
The state of the art port facility has also expanded its storage yard at an investment of USD 30 million. The facility which has the capacity to berth virtually any sized vessel in the world stated that it is investing on additional ship to shore (STS) container cranes besides its current chain of eight cranes.
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Kenya's Amb. Nancy Karigithu Could Be the Next IMO Secretary General

The Maritime Executive 06 Feb 2023
One of the contenders for the position is Nancy Karigithu, currently Kenya’s Ambassador and Special Envoy for Shipping and Blue Economy ... Developed regions hosting international financial institutions and corporations aiming to invest in the shipping sector should endeavor to support region-specific pilot trials.
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Revitalizing the Horn’s logistics

Capital Ethiopia 06 Feb 2023
Located in the Republic of Djibouti, at the entrance to the Red Sea and on the second busiest shipping lane in the world, the Doraleh Terminal is a regional hub thanks to its unique presence at the heart of global container traffic ... This investment on capacity increase was decided on 2018-2019 when Djibouti took over the control of the port.
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Here’s a glimpse of the EU response to the Inflation Reduction Act

GreenBiz 06 Feb 2023
With similar incentives available for businesses in clean hydrogen, carbon capture and wind and solar industries, the fear is that many green companies looking to invest in the EU will have to jump ship to remain competitive.
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NYC migrants are moving to Canada! Eric Adams is giving disgruntled asylum seekers free bus ...

The Daily Mail 06 Feb 2023
Migrants are getting fed up with the hustle and bustle of New York City, and are leaving for Canada on buses paid for with taxpayer money ... 'I am going to Canada for a better quality of life for my family.' ... 'We're gonna invest a lot of resources to get this building ready only to dismantle it again, I guess when cruise ships start coming in again.' ... .
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Joining the cause! Mayor Eric Adams sleeps in NYC migrant shelter on coldest night of ...

The Daily Mail 06 Feb 2023
New York City Mayor Eric Adams spent the coldest night of the year in New York City at a migrant shelter in an attempt to prove the facilities are good enough for those who have refused to move there ... 'We're gonna invest a lot of resources to get this building ready only to dismantle it again, I guess when cruise ships start coming in again.' ... .
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5-year plan for Grand Harbour includes projects announced in previous legislature

Independent Online 05 Feb 2023
The five-year infrastructural investment plan for the Grand Harbour that was “launched” this year includes projects that were announced years back under a previous legislature, some of which are ongoing ... · Investment in the environment around the Grand Harbour through the two shore-to-ship projects ... Shore-to-ship.
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Running on fumes: how Britain squandered its gas wealth

New Statesman 05 Feb 2023
As investment in the North Sea boomed, more and more gas fields were discovered. They were given evocative, shipping-forecast names ... And so today, fully half our gas is either piped in from Norway, Holland and Belgium, or shipped from the US and Qatar ... Qatar is investing heavily in ...
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Meta's Reality Labs loses colossal $13.7 billion on VR-AR projects

Gulf News 04 Feb 2023
Last year, Meta Founder and CEO Mark Zuckerberg said the company will invest $10 billion for its Metaverse dream ... "We're going to continue to invest meaningfully in this area given the significant long-term opportunities that we see. It is a long-duration investment," said Li. Zuckerberg said that the company shipped Quest Pro at the end of last year.
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Ghana to leverage USAID Partnership for Education Learning project to transform education – Minister

Business Ghana 04 Feb 2023
The Minister of Education, Dr Yaw Osei Adut­wum, has assured that Ghana will leverage the success of the USAID Partner­ship for Education Learning (Learning) project to transform education in the country. He said investing in improving literacy of the future remained the ...
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Adani crash: FM says no dent in macro, economy’s image; Sebi steps in as well

Financial Express 04 Feb 2023
... is committed to working with the private sector to make sure capex and investment in the economy remains at a high level. Department of Investment and Public Asset Management Tuhin Kanta Pandey said the disinvestment of Shipping Corporation of India is in a fairly advanced stage.
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Adani crash: FM says no dent in macro, economy\u2019s image; Sebi steps in as well

Indian Express 04 Feb 2023
... is committed to working with the private sector to make sure capex and investment in the economy remains at a high level. Department of Investment and Public Asset Management Tuhin Kanta Pandey said the disinvestment of Shipping Corporation of India is in a fairly advanced stage.

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