IJR News

WUT's four-crane deal with HD Hyundai Samho reported

Washington United Terminals in Tacoma awarded HD Hyundai Samho a turnkey contract to replace two aging ship-to-shore cranes and install two new yard cranes, with delivery by 2028, boosting capacity from 590,000 TEU to 880,000 TEU to handle larger vessels. The project, linked to Korea-U.S. MASGA port-crane cooperation, will showcase high-grade steel from POSCO and reflects HMM’s broader strategy to diversify and upgrade U.S. port infrastructure.

India Spain

Jul 27, 2026

CN, Union Pacific Expand Competitive Rail Access

Union Pacific and Canadian National Railway have signed binding memoranda of understanding to grant CN expanded competitive access and a broader footprint in the Midwest as part of Union Pacific's planned merger with Norfolk Southern, subject to regulatory approval. The agreements include CN access to key facilities, overhead and service rights, and acquisition of Norfolk Southern’s interests in KC Terminal and TRRA, while both companies commit to collaborating through the STB process to implement the merger.

Jul 25, 2026

Energy Sector

Gulf nations plan new pipelines to bypass Hormuz

Gulf nations, including the UAE, are investing heavily to bypass the Strait of Hormuz by expanding port capacity outside the strait and by building multiple pipeline routes to the Red Sea, Suez Canal, and Gulf of Oman. Projects range from DP World’s Al Rugaylat and Dibba terminals in the UAE to seven or more major pipelines under construction or planned, with timelines spanning a few years and the aim of reducing exposure to Hormuz disruptions and boosting resilience for oil exports.

Strait of Hormuz Persian Gulf

Jul 23, 2026

Energy Sector

Vivakor Plans 300k Bbl/Month Crude Deals; $700M Annual

Vivakor announces four recurring physical crude oil transactions that lift marketed volumes to 300,000 barrels per month (3.6 million annually) and an estimated $289 million in annualized commercial activity, with trading across the Cushing and Midland hubs. When added to existing programs, total recurring commercial activity reaches about $709 million annually and 8.1 million barrels of marketed crude oil, signaling expanded integration of marketing with its transportation, terminaling and storage assets.

Jul 21, 2026

ESG

DP World, EBRD sign €25m green loan

DP World and the European Bank for Reconstruction and Development signed a loan of up to €25 million to electrify the Constanța South Container Terminal in Romania, forming part of a €100 million investment program to cut more than 6,000 tonnes of CO2 annually by replacing diesel equipment with electric and adding shore power. Backed by EU and Romanian government grants and funds, the project will upgrade infrastructure and introduce electric terminal tractors and cranes to improve air quality, reduce noise, and boost reliability for customers.

Jul 21, 2026