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OECD sees Trump tariff warfare dramatically slowing Canada’s economic growth

In the first attempt by global economists to forecast the damage inflicted by President Donald Trump’s tariff policies, the Paris-based Organization for Economic Cooperation and Development (OECD) has warned that the protectionist trade measures are significantly slowing economic growth projections around the world, notably in Canada and Mexico. “If the announced trade policy actions persist, […]

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UNCTAD sees new risks looming in global trade

Global trade started 2025 on stable ground, but challenges are mounting in a shifting landscape, according to the latest Global Trade Update by UN Trade and Development (UNCTAD), covering data through early March. In 2024, world trade saw record expansion to $33 trillion in 2024 – up 3.7% from 2023 – driven by developing economies and strong

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Port of Gdansk reports strong 2024 performance

Poland’s largest seaport has released cargo and financial results for 2024 confirming both steady growth and a strong financial performance. Last year, the Port of Gdansk served 3,559 commercial seagoing vessels and handled 77.4 million tonnes of cargo. It also generated a record net profit, estimated at around PLN 264 million (US68 million). Various records

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DP World announces record 2024 revenue of $20 billion

Global port operator DP World has announced record financial results for 2024 and growth in its network container-handling capacity to more than 100 million TEUs. The revenue total marked a 9.7% increase from the previous year. And the adjusted EBITDA rose by 6.7% to $5.5 billion, demonstrating resilience in a complex global trade environment. Though revenue and

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Kingston’s Island Queen celebrates 50 years in the water

Kingston, ON- Kingston 1000 Islands Cruises, a family-owned company, is celebrating the 50th anniversary of its iconic three-hundred-passenger, triple-deck paddle-wheeler, the Island Queen III. Built in Summerstown, Ontario in 1974, the Island Queen was designed in a classic Mississippi paddle-wheel style, crafted entirely in aluminum: a cutting-edge marine fabrication technique for its time. The Island Queen arrived in Kingston the following year, and cruises

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LOGISTEC announces key executive appointments to drive growth and strategic positioning

LOGISTEC, a leading marine and logistics services provider, announced two key executive appointments – Michel Brisebois, Chief Human Resources Officer and Katia Reyburn, Senior Vice-President Communications and Public Affairs – as part of its strategic growth plan and vision for the continued expansion of its port network and services. Michel Brisebois             

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IMO condemns Russian missile attack on freighter at Odesa

The Secretary-General of the International Maritime Organization, Arsenio Dominguez, has issued a statement condemning a Russian missile attack on Tuesday on a grain vessel in the port of Odesa which killed four seafarers. A ballistic missile struck the MJ Pinar bulk carrier that was loading wheat destined for Algeria, killing four Syrian nationals and injuring one other

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Gaétan Boivin announces upcoming retirement as President and CEO of Port of Trois-Rivières

After 19 years at the helm of the Port of Trois-Rivières and a career rich in major projects, Gaétan Boivin, President and CEO, announces his retirement. He will be succeeded at the end of 2025 by a new president and CEO to be appointed during the year. Mr. Boivin joined the Port of Trois-Rivières in

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On our forum: Trump port fees even more detrimental than tariffs…

By Louis Martel* The United States has a long history of implementing protectionist trade policies, often realizing in hindsight that such measures ultimately hurt Americans. The latest example is the Trump administration’s proposal to impose exorbitant port fees on Chinese-built vessels that dock at U.S. ports – a shortsighted policy that is poised to have

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