Post EN

Long-term ocean freight rates collapse by nearly 30% in May

  The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers dived by 27.5%. The development, detailed by Xeneta’s Shipping Index (XSI®), marks the ninth consecutive month of rates drops, and is the largest ever monthly fall recorded on the XSI®. “If

Long-term ocean freight rates collapse by nearly 30% in May Read More »

Dutch company launches first hydrogen-powered inland container ship

  Dutch shipping company Future Proof Shipping (FPS) has officially launched in Rotterdam the first hydrogen-powered zero-emissions inland container ship, H2 Barge 1. Last week, Nike introduced the H2 Barge 1 at its European Logistics Campus in Laakdal, Belgium. As part of its journey toward a zero carbon and zero waste future, Nike is partnering with Future Proof

Dutch company launches first hydrogen-powered inland container ship Read More »

Spliethoff launches Con-Ro liner service between Europe and the US East Coast

  Amsterdam  – Spliethoff Group announced that it is starting a monthly Con-Ro liner service from Belgium and the UK to the US East Coast from June 1. The very fast transit time of around 14 days from port to port makes this newly introduced service unique in the market. Deploying a state-of-the-art Con-Ro vessel able

Spliethoff launches Con-Ro liner service between Europe and the US East Coast Read More »

Global demand driving increased grain shipments through Great Lakes/St. Lawrence ports

   By Julie Gedeon Great Lakes and St. Lawrence ports are bustling this spring to deliver the last of 2022’s strong harvests. And at the same time, infrastructure and technology investments are increasing capacity in the region’s ports to meet rising world demand for agri-food products. “Thanks to the marine highway’s resilience, grain exports were just

Global demand driving increased grain shipments through Great Lakes/St. Lawrence ports Read More »

Wind farms now dominate power source for UK electricity grid

  For the first time, Britain’s wind farms are generating more electricity than gas-fired power stations. This was disclosed in findings covering the first three months of this year in an independent report by academics from Imperial College London commissioned by the UK renewable power producer Drax Group. During Q1 2023, nearly one third (32.4

Wind farms now dominate power source for UK electricity grid Read More »

Desgagnés acquires Valport Maritime Services

  Québec City – Desgagnés announced today it is expanding and has completed the acquisition of Valport Maritime Services Inc., a company specialized in cargo handling and storage services located at the Port of Valleyfield.  The transaction is effective May 26, 2023.  Desgagnés and the Société du Port de Valleyfield, a key stakeholder in this transaction, have also

Desgagnés acquires Valport Maritime Services Read More »

Canadian government announces funding for Windsor terminal expansion

  The Minister of Transport, Omar Alghabra, today announced an investment of up to $12.5 million to the Essex Terminal Railway Company, from the National Trade Corridors Fund, for a Cargo Terminal Infrastructure Expansion project at the Port of Windsor. The project will help build a new warehouse and expand the shorewall at the Port of Windsor. It aims to

Canadian government announces funding for Windsor terminal expansion Read More »