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  Early indications suggest ocean freight shipping rates are set to increase further in early February due to the ongoing Red Sea crisis, according to latest data released by the Xeneta ocean freight rate benchmarking platform. The platform’s projections are based on over 400 million data points and rates provided by customers for the first […]

  The world’s first large methanol-enabled container vessel has been named Ane Mærsk at a ceremony in the shipyard of HD Hyundai Heavy Industries (HD HHI) in Ulsan, South Korea. The vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter served as godmother

  Geneva – The United Nations Conference on Trade and Development (UNCTAD) has expressed profound concerns over the escalating disruptions in global trade, particularly stemming geopolitical tensions affecting shipping in the Black Sea, recent attacks on shipping in the Red Sea affecting the Suez Canal and the impact of climate change on the Panama Canal

  Mr. Garbaty is a Mechanical Engineer, bringing 10 years expertise in purchasing and strategic sourcing with ArcelorMittal. His marine industry experience is highlighted by his time with Fednav, including three years as Director of Sales for Federal Marine Terminals, overseeing activity in Canada and the United States. Additionally, he brings seven years experience with Tube

  Rerouting tankers around the Cape of Good Hope due to avert attacks from Houthi rebels can add nearly a million dollars per voyage while also doubling transit time, according to LSEG Shipping Research, a division of the London Stock Exchange. An LSEG report indicated that rerouting an Aframax tanker from Asia to NW Europe, via the Cape

  The $205M Port Saint John West Side Terminals Modernization Project at Port Saint John has come to a close, transforming the port and attracting significant private investment in the process. Funded equally by the Federal Government, Province of New Brunswick, and the Port, this construction project has been completed on time, on budget, and

  The safety of seafarers must be paramount as the international community seeks to address the volatile situation in the Red Sea, affirms INTERCARGO speaking on behalf of the world’s dry bulk ship owners. INTERCARGO condemns the ongoing targeting of merchant ships by Houthi rebels in Yemen and fully supports the comments made by Arsenio

  The Minister of Transport and Quebec Lieutenant, Pablo Rodriguez, today announced an investment of over $2.6 million for two projects in Montreal under the National Trade Corridors Fund. The digital project and study selected for investment intend to harness data and technological solutions to generate supply chain efficiencies along key Canadian trade corridors. The Government of Canada will contribute: Up to $2.6

  CSL announced its third consecutive recognition as one of Canada’s Top Employers for Young People. This acknowledgment underscores CSL’s ongoing commitment to offering a dynamic and rewarding workplace for young maritime professionals. Guided by a culture that values excellence, diversity, and innovation, CSL continues to spearhead initiatives that empower the development and growth of

  At its recent New Year cocktail party, the Port of Sept-Îles revealed that it had reached an all-time high with 36.6 million metric tons of cargo handled at its facilities in 2023. The previous record was set in 1979 with 34.9 million metric tons. “This new milestone is of national significance and makes the