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On December 4, 2023, PSA Sines welcomed the arrival of two massive Ship-to-Shore (STS) cranes, marking a significant enhancement to its container handling capabilities. These new cranes, complementing the existing ten Super Post-Panamax cranes, empower PSA Sines to efficiently manage the largest container vessels operating on the Iberian Peninsula. The addition of these cranes not only contributes to expanding PSA Sines’ capacity from 2.3 to 2.7 million TEUs (Twenty-foot Equivalent Units) but also solidifies its status as the preferred Iberian gateway hub.

Multimodal logistics (MML) is surging, with RCG, Europe’s premier rail logistics specialist, leading the charge. RCG excels in crafting tailored end-to-end logistics solutions, leveraging diverse transportation modes, prioritizing eco-friendly rail travel for the main route and flexible road transport for the first and last mile.

The Freeport of Riga Authority’s capital company, “LVR Flote,” has signed a contract with Baltic Workboats AS to acquire a state-of-the-art multifunctional hybrid ice class vessel, with 50% of the costs covered by the European Climate, Infrastructure, and Environment Agency CINEA. Expected to be commissioned by end-2024, the vessel not only supports port functions but also enhances Latvia’s military capabilities by assisting the Border Guard, Navy, and Coast Guard.

RCG, a renowned logistics company, has expanded its transport services beyond traditional goods to include components for railway infrastructure, collaborating with Track Tec Group, a leading global provider of railway infrastructure solutions. Starting in June 2023, RCG has been facilitating the transportation of concrete sleepers over a 1,650-kilometer route from Poland through the Czech Republic, Slovakia, and Hungary to Romania, supporting infrastructure renovations. This venture aims to manage over 80 trains by December 2024, each comprising 27 wagons and carrying approximately 1,500 net tonnes, demonstrating RCG’s commitment to efficient and reliable railway logistics. The operation involves RCG’s carrier subsidiaries in respective countries, with partner railway undertakings handling the crucial first and last miles of the journey.

In October 2023, the rail freight industry demonstrated a notable increase in transport performance, surpassing the figures from the previous year. The total transport performance exceeded 5.5 billion tonne-km, marking a 0.6% rise compared to 2022. Although the weight of goods carried slightly decreased to 21 million tonnes, a 1.2% decline, it still represented the second-highest monthly result of the year.

The Ministry of Energy and Minerals of the Sultanate has joined forces with Hydrogen Oman (Hydrom), Port of Amsterdam, Zenith Energy Terminals, and GasLog, signing a pivotal Joint Study Agreement (JSA) during COP28 in Dubai. This collaboration aims to pioneer the world’s inaugural commercial-scale liquid hydrogen corridor, focusing on green hydrogen produced in Oman. The signing ceremony, witnessed by His Excellency Minister Eng. Salim bin Nasser Al Aufi and the Climate Envoy of the Netherlands, Prince Jaime de Bourbon de Parme, underscores the shared commitment to advancing sustainable energy.