Government

Coming US infrastructure bill promises port-funding splurge

  US ports and inland waterways are on track to receive at least $11.8 billion in new federal funding over the next five years through a $1 trillion infrastructure bill Congress aims to finalize over the coming weeks, reports Mark Szakonyi, Executive Editor of The Journal of Commerce and JOC.COM. The Senate began voting on …

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FMC launches expedited inquiry into ocean carrier pricing practices

  The Federal Maritime Commission has launched an expedited inquiry into the timing and legal sufficiency of ocean carrier practices with respect to certain surcharges. Eight ocean carriers are being asked to provide the Commission’s Bureau of Enforcement (BoE) with details about congestion or related surcharges they have implemented or announced. BoE has given the …

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DP World and Rosatom sign agreement for Northern Transit Corridor

  On July 23, at the Arctic Day, which took place in St. Petersburg (Russia), a Cooperation Agreement was signed between ROSATOM and DP World Corporation. The document was signed by ROSATOM Director General Alexey Likhachev and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. ROSATOM seeking to develop its logistics business and …

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Québec government gives thumbs down to Saguenay  LNG megaproject

  After originally backing the massive undertaking in the Saguenay region, the Legault government has rejected the $14 billion GNL Québec project in the wake of widespread opposition. The decision was announced late Wednesday by Environment Minister  Benoit Charette who remarked that “this project has more disadvantages than advantages” and was economically “risky.” In  this …

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Ottawa gives final thumbs down to Laurentia container project

  By Leo Ryan, Editor Canada’s federal government has delivered a clear rejection of the Port of Québec‘s ambition to launch a second container gateway on the St. Lawrence River complementing Montreal, affirming that the Laurentia project does not meet the standards of economic development that fully respect the environment. This decision Tuesday by the …

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Canada and Quebec jointly invest in conservation of St. Lawrence

  The governments of Canada and Quebec are determined to protect the St. Lawrence River through joint scientific research, conservation, restoration, and collaborative projects, with the support of their partners. From a desire to continue this collaboration, which has existed for more than thirty years, the governments have jointly committed to making the St. Lawrence a healthy and …

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Proposed US bills could devastate BC cruise industry

  Three bills tabled in the US  Senate seek to allow foreign-flag cruise ships to bypass British Columbia on their Alaska voyages, dealing a serious blow to the province’s multi-billion dollar tourism sector. Current laws temporarily allow the vessels to travel directly between US ports without touching a foreign country. If the bills tabled late …

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Québec’s Laurentia container project given thumbs down by Canada’s federal environment minister

  By Leo Ryan, Editor The Port of Quebec’s ambition to emerge as a second container gateway on the St. Lawrence River with Montreal appears seriously jeopardized after Jonathan Wilkinson, the federal Minister of the Environment and Climate Change, announced his refusal to endorse the Laurentia project. This followed the release yesterday of the final …

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Shipping industry welcomes Nigeria’s “Deep Blue” project

  The Nigerian Navy has commissioned into service 16 new vessels, including ten small boats and six patrol vessels, which will be used to enhance maritime security and protect the country’s oil and gas assets. Nigeria has today announced a significant investment in military and law enforcement infrastructure to secure its maritime domain as part …

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