Maritime Magazine

The latest blog post of the International Monetary Fund indicates that the cost of shipping a container on the world’s transoceanic trade routes has increased seven-fold in the 18 months following March 2020. Entitled How Soaring Shipping Costs Raise Prices Around the World, the analysis predates the war in Ukraine but isn’t isolated from it – […]

 In an exclusive interview with the ArcticToday news platform, the highest-ranking U.S. diplomat for the Arctic said it remains unclear how the U.S. will continue to collaborate with other members of the Arctic 7 while official work on the Arctic Council is paused. “Russia’s credit rating had been reduced to junk status, and I would

United Nations Conference on Trade and Development (UNCTAD) warned today that global economic growth will fall to 2.6% from 3.6% for 2022 due to the Ukraine war. In addition, it indicated that developing countries will need US$310 billion to meet their external public debt service requirements this year. These dire forecasts were contained in update

Lévis, QC – Davie Shipbuilding announced that CCGS Vincent Massey has floated out of the Champlain drydock, representing another major milestone towards the commissioning of this medium class icebreaker (MIB) by Davie for the Canadian Coast Guard (CCG). The final phase of the conversion work on CCGS Vincent Massey will be completed whilst alongside Davie’s Murphy’s Quay.  Expected

A number of maritime industry players have come together to coordinate the evacuation from Odessa of Ukrainian seafarers and their families. The biggest Ukrainian port/city has, so far, remained free of Russian occupation. The group – the International Transport Workers’ Federation (ITF), the Marine Transport Workers’ Trade Union of Ukraine (MTWTU) and global ship manager

Despite the ongoing pandemic and global supply chain challenges, as well as extreme weather events in B.C., 2021 cargo volumes through the Port of Vancouver increased by 1% from 145 to 146 million metric tonnes (MMT) over 2020. “Vancouver’s port community met challenge after challenge in 2021—sometimes working around the clock—to keep the port connected to

The World Shipping Council, which represents global container carriers, has reiterated strong criticism of proposed substantial reform of U.S. shipping legislation, charging it fails to address the root causes of landside congestion that have contributed to shipping logjams at U.S. ports.  “Instead of passing legislation that would do nothing to address the nation’s supply chain

Some 3,000 conductors, engineers, train and yard workers were returning to their jobs as of noon today after Canadian Pacific Railway Limited and the Teamsters Canada Rail Conference (TCRC)  announced an agreement in Calgary early Tuesday morning to enter into final binding arbitration. A work stoppage had been in effect since midnight Sunday, causing considerable