Latest news from Heavy Lift & Project Forwarding International Magazine

Freeport approves Proposition A

Port Freeport's Proposition A, a USD130 million bond package supporting the Freeport Harbor Channel Improvement project, has been approved.

This approval allows the port to deepen the Freeport Harbor Channel from its current depth of 45 ft (13.7 m) to a maximum level of 55 ft (16.7 m) at its deepest point.

According to the port, the project will make it the deepest channel in Texas. The estimated total cost of construction is USD295 million.

More than half of the project is expected to be paid with federal funds, with approximately USD165 million to be provided through the U.S. Army Corps of Engineers.

Construction is expected to begin in 2020 and be completed in approximately five years. In addition to deepening the channel, enhancements will be made to the turning basin and the narrowest section of the channel will be widened.

 

www.portfreeport.com

Heavy Lift | News

AET places Kalmar order thumbnail image

AET places Kalmar order

June 14 - Antwerp Euroterminal (AET) has placed an order for six Kalmar forklifts, including a fully electric model. 
Views: 478
Multipurpose charter rates remain stable thumbnail image

Multipurpose charter rates remain stable

June 14 - Time charter rates in the multipurpose shipping sector have remained stable over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 577
Buss launches JV with Idea thumbnail image

Buss launches JV with Idea

June 14 - Hamburg-based Buss Offshore Solutions and French logistics provider Idea established a joint venture that will serve the offshore market in France.
Views: 541

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.