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  GCT Global Container Terminals Inc. (GCT) has announced that it has entered into an agreement to sell its U.S.-based terminal assets to France’s CMA CGM Group, a global player in sea, land, air and logistics solutions.  GCT currently operates two U.S. terminals: GCT New York on Staten Island, NY and GCT Bayonne in Bayonne, […]

  According to a report in the JOC.com news platform, container carrier members of the Ocean Alliance are shifting post-Panamax ships from the trans-Pacific and Asia–Europe trades to the trans-Atlantic, as global demand for Asian exports weakens. Although adding capacity will put downward pressure on rates, increasing trade between the US and Europe should buoy

  Canadian Coast Guard Commissioner Mario Pelletier and United States Coast Guard Commandant Admiral Linda L. Fagan have signed the renewed Canada-United States Joint Marine Pollution Contingency Plan to provide a coordinated system for planning, preparedness and response to spills occurring in the waters between the two countries.The Joint Marine Pollution Contingency Plan provides a coordinated mechanism for planning,

  With the US Senate late yesterday approving bipartisan legislation already endorsed by the House of Representatives, a crippling rail shutdown has been averted – to the immense relief of shippers. The 80-15 vote ended the threat of a country-wide strike that could have started on December 9.A tentative contract agreement had been brokered by

  Belledune, NB – The Belledune Port Authority (BPA) has signed a Memorandum of Understanding (MOU) with Germany’s largest seaport, the Port of Hamburg, to collaborate on the movement of dry and liquid bulk commodities, and manufactured products, between Canada and Germany, with a focus on clean fuels and green products.The Port of Hamburg, located

  Reaffirming and strengthening its commitment to the protection of nature, the Port of Montreal proudly announces its $50,000 contribution to the Imperilled Species Fund, an initiative of the Space for Life Foundation.Created to accelerate conservation work and research on species at risk, this Fund will finance research projects targeting several plant and animal species

  According to DNV, the world’s largest classification society, monthly orders for methanol-fuelled ships surpassed LNG bookings for the first time in October.The methanol vessel order book was boosted by Maersk, COSCO Shipping Lines and OOCL with a combined order total of 18 container ships. This brought the total of methanol-fuelled container vessels on order

  The Belledune Port Authority (BPA) has announced that it is working with Cross River Infrastructure Partners to pursue the use of advanced small modular reactor (aSMR) technology as part of a future expansion at the northern New Brunswick port.The development proposes to use aSMR from ARC Clean Technology Canada (ARC) to generate a minimum

    The World Shipping Council, which represents the international liner shipping industry, today issued a positive response to the preliminary agreement reached by the European Parliament, Council and Commission to include the maritime sector in the EU Emissions Trading System (EU ETS). “Liner shipping is already investing in the transition to zero GHG fuels, and is eager

  The UN Conference on Trade and Development (UNCTAD) in its flagship “Review of Maritime Transport 2022” has called for increased investment in maritime supply chains. Ports, shipping fleets and hinterland connections need to be better prepared for future global crises, climate change and the transition to low-carbon energy.The supply chain crisis of the last