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Russian attack on Ukraine ignites upheaval in global commodity flows

Global commodity trading patterns are set for their greatest upheaval in decades following today’s full-scale invasion of Ukraine by Russia, reports  Sam Chambers on the Splash247 news platform. Russian president Vladimir Putin sent troops into four different regions of Ukraine this morning in an attack that is the largest seen on European soil since the

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Prince Rupert Port seeking to double capacity through second container terminal  

Prince Rupert, BC – DP World and the Prince Rupert Port Authority have entered into a two-year agreement to assess the feasibility of an innovative new container terminal project in Prince Rupert. The potential project would add up to 2 million twenty-foot equivalent units (TEUs) of annual capacity to the Port of Prince Rupert, significantly

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Buttigieg announces $450 million in grants to help decongest U.S. ports

U.S. Transportation Secretary Pete Buttigieg today announced some $450 million in grants for port-related projects to bolster capacity and mitigate supply chain congestion. The funding will flow from the recently adopted $1 trillion Bipartisan Infrastructure Law. “We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more efficiently

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About $400 million worth of cars could be lost in the Felicity Ace fire

The huge car carrier Felicity Ace was en route to Rhode Island when it caught fire in the Atlantic on February 16 and its crew abandoned ship with the help of the Portuguese Navy. Since then, it’s been drifting off the Azores, a smouldering sight and global marine curiosity full of luxury Volkswagen Group automobiles,

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Euronav integrates Canada East Coast in right whale protection measures

Leading tanker operator Euronav has instructed all of its captains to adhere to voluntary whale-protection measures in three critical habitat areas: the Canadian East Coast, the California coast and the Hellenic Trench. The Antwerp-based carrier has teamed up with the Great Whale Conservancy (GWC), an environmental non-profit organization dedicated to the protection of great whales. 

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Canada joins countries investigating anticompetitive freight conduct

Canada’s Competition Bureau has joined the competition authorities of the United States, Australia, New Zealand, and the United Kingdom in a new working group focussed on sharing information to identify and prevent potentially anticompetitive conduct in the global supply and distribution of goods. The working group brings together the Bureau, the U.S. Department of Justice,

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