<div class="phx-topic abstract-wrapper"><p>Finding a sizable natural gas source just off a fast-growing economic area hardly sounds like a curs</p></div>

Finding a sizable natural gas source just off a fast-growing economic area hardly sounds like a curs

<div><p>Finding a sizable natural gas source just off a fast-growing economic area hardly sounds like a curse, but it may have seemed that way to Atlantic Richfield Oil Co. for nearly a decade.</p><p></p><p></p><p>Now, years of wrangling appear to be over, and the gas will be put to use in Hong Kong and China.Agreement in principle was reached last week for Los Angeles-based Arco and two partners to develop the Yacheng 13-1 project in the South China Sea off the Chinese island of Hainan.</p><p></p><p></p><p>The $1.2 billion project will be China's largest offshore energy development. The Yacheng field has reserves estimated at...

ARCO'S 10-YEAR EFFORT BEARS FRUIT WITH PACT TO DEVELOP FIELD OFF CHINA

<div class="phx-topic abstract-wrapper"><p>The carrier’s acquisition of a 49% stake in the Vizhinjam transshipment hub is said to be the single-largest foreign direct investment into the Indian port sector to date.</p></div>

The carrier’s acquisition of a 49% stake in the Vizhinjam transshipment hub is said to be the single-largest foreign direct investment into the Indian port sector to date.

Feature image

Port News

Port infrastructure

Marine terminals

International ports

Maritime

MSC boosts Indian port play with $1.4 billion terminal deal with Adani

<div class="phx-topic abstract-wrapper"><p>The port has played a key role during the Middle East war with its location just south of the Strait of Hormuz providing the Persian Gulf with a multimodal gateway to global markets while the strait has been effectively closed. </p></div>

The port has played a key role during the Middle East war with its location just south of the Strait of Hormuz providing the Persian Gulf with a multimodal gateway to global markets while the strait has been effectively closed.

CMA CGM inks $400 million terminal deal at Omani Port of Sohar

<div class="phx-topic abstract-wrapper"><p>The e-commerce giant says shipper need for flexibility in a volatile market led it to open its less-than-truckload service to “external” customers. </p></div>

The e-commerce giant says shipper need for flexibility in a volatile market led it to open its less-than-truckload service to “external” customers.

Trucking News

Truckload

Surface

Amazon Freight says truckload freight moving to LTL

<div class="phx-topic abstract-wrapper"><p>Container freight rates across all the major east–west trades have soared since February as a result of higher bunker fuel prices driven by the war with Iran and cargo frontloading in the trans-Pacific.</p></div>

Container freight rates across all the major east–west trades have soared since February as a result of higher bunker fuel prices driven by the war with Iran and cargo frontloading in the trans-Pacific.

Container lines

Trans-Pacific

Container Shipping News

Maersk makes big upward revision on full-year financial guidance amid soaring rates

<div class="phx-topic abstract-wrapper"><p>The planned addition is part of the carrier’s “Strategy 2030” expansion plan outlined in April 2024 that aims to add between 10 and 15 terminals to its portfolio by the end of the decade.</p></div>

The planned addition is part of the carrier’s “Strategy 2030” expansion plan outlined in April 2024 that aims to add between 10 and 15 terminals to its portfolio by the end of the decade.

Trans-Atlantic

Asia-Europe

Hapag-Lloyd’s HGT signs deal for 20% stake in Eurogate Hamburg terminal

Use code GTT26W at checkout and save $900 on first year of an annual Gold subscription!

Upgrade Subscription - Gold Trials

Become a Gold Subscriber and Save!

Arm your team with the most trusted information portal for the international container shipping industry.

Group Subscriptions - Wide Box

Get into a group subscription today

Use code MDFTW30 at checkout to save 30% on a Silver or Silver Plus annual subscription! 

Subscribe Now - FT to S/SP - Wide Box

MEMORIAL DAY SALE

Use code MDGW595 and upgrade to Gold for just $595! Valid for first year of subscription.

Upgrade Subscription - S/SP to Gold - Wide Box

UPGRADE TODAY

Use code MDW30 at checkout and save 30% on a Silver or Silver Plus annual subscription!

Subscribe Now - Anonymous to S/SP - Wide Box

Access Journal of Commerce content for 30 days

Free Trial - Wide Box

START A FREE TRIAL TODAY

Use code MDFTGW895 at checkout to save $600 on first year of a Gold subscription!

Subscribe Now - FT to Gold - Wide Box

Use code MDGW895 at checkout and save $600 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Wide Box

MEMORIAL DAY SALE: Use code MDFTW30 to save 30% on first year of a Silver or Silver Plus annual subscription!


Subscribe Now - FT to S/SP - Offer Box

Subscribe and Save

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

MEMORIAL DAY SALE: Use code MDW30 at checkout and save 30% on a Silver or Silver Plus annual subscription!

Subscribe Now - Anonymous to S/SP - Offer Box

SUBSCRIBE TODAY

UPGRADE TO GOLD AND SAVE: Use code GTT26W at checkout and save $900 on first year of a Gold subscription!

Upgrade Subscription

MEMORIAL DAY SALE: Use code MDGW895 at checkout and save $600 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Offer Box

UPGRADE TODAY: Use code MDGW595 and upgrade to Gold for just $595! Valid on first year of subscription.

Upgrade Subscription - S/SP to Gold - Offer Box

MEMORIAL DAY SALE: Use code MDFTGW895 and save $600 on the first year of a Gold subscription!

Subscribe Now - FT to Gold - Offer Box

SUBSCRIBE AND SAVE

A must-attend conference for shippers & logistics providers moving goods inland

Inland Conference - Rectangle Box

Attend Inland26

Monthly publication providing an editorial deep dive into global supply chain news

Journal of Commerce Magazine - Rectangle Box

Journal of Commerce Magazine

A premium access index of savings using domestic intermodal vs. OTR 

ISI Report - Rectangle Box

Intermodal Savings Index

An in-depth analysis of transport trends in the multipurpose and heavy-lift fleet segment

Breakbulk Report - Rectangle Box

Breakbulk Quarterly

An extensive dashboard of charts organized by trade lane, mode, and topic

Gateway - Rectangle Box

Gateway

Customers scoring their intermodal partners to identify the best service providers

Latest News

More News & Analysis

MSC boosts Indian port play with $1.4 billion terminal deal with Adani

CMA CGM inks $400 million terminal deal at Omani Port of Sohar

Amazon Freight says truckload freight moving to LTL