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Transport Canada invests in two projects to improve supply chain efficiency in New Brunswick

Saint John -The Minister of Transport, the Honourable Omar Alghabra, and the Member of Parliament for Saint-John—Rothesay,  Wayne Long, have announced more than $42 million for two new projects under the National Trade Corridors Fund. These projects will help improve supply chain efficiency for Canadian shippers in Saint John and McAdam, New Brunswick. The Government of Canada will contribute: $21.16 million to upgrade rail terminals […]

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Middle East ports ranked as most efficient amid global pandemic

Washington — Ports in the Middle East took four of the top five spots in the second edition of the global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence. The two largest U.S. ports, Los Angeles and Long Beach, as well as Canada’s biggest port, Vancouver, were categorized as the least efficient

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Drewry forecasts half trillion dollar 2022 profit for global container carriers

According to the latest forecast by UK shipping consultancy Drewry, the world container shipping industry could post an unprecedented half a trillion dollars of operating profit by the end of 2022. This would far exceed the record $190 billion profit made in 2021 in a global shipping environment dominated by astronomical freight rates and severe

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Project to establish cruise-led green corridor in Pacific Northwest of North America

The ports of Vancouver and Seattle, City and Borough of Juneau (Alaska), various cruise lines, as well as the Global Maritime Forum, Blue Sky Maritime Coalition, and Washington Maritime Blue have announced a new commitment to explore the feasibility of the world’s first cruise-led green corridor in the Pacific Northwest of North America.The First Mover

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Early 2022 Seaway season marked by lower shipments

Canadian Great Lakes ports posted lower overall tonnage shipments during March and April due in part to ice conditions and less available Prairie grain for export.  However, road salt, Ontario corn and soybeans, Prairie potash and steel imports were strong performers.Ice conditions in Lake Superior in the early part of the season hampered ship traffic

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Massachusetts targets $100 million investment in wind ports

Massachusetts Governor Charlie Baker has committed the state to invest $100 million into the development of three ports to advance the rapid growth of the offshore wind sector.He highlighted the success with the start of the Vineyard Wind project as an incentive to accelerate the development of ports and projects in New Bedford, Salem, and

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Canadian ports seen losing out on ecommerce-related shipments from Asia

By Colin Laughlan Vancouver – Canadian ports are losing out on ecommerce-related shipments from Asia because we don’t have the technology to facilitate the required international data exchange. “It’s a big loss,” said an international trade data executive (per photo) speaking at the IAPH’s World Ports Conference which wrapped up yesterday in Vancouver.Vikram Patil, Associate

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World ports conference focused on data sharing and supply chain digitalization

By Colin LaughlanVancouver – The International Association of Ports and Harbors (IAHP) wound up its World Ports Conference 2022 on May 18 with a single theme dominating a three-day roster of international experts from the global maritime sector. Delivering a concerted message for a hastened economic recovery in the post-pandemic world, industry and government leaders

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Assises québécoises du secteur maritime underlines decade of growth

TROIS-RIVIÈRES – A major finding to launch the second edition of the Assises québécoises du transport maritime: despite the crisis caused by the Covid 19 pandemic, the industry as a whole has experienced significant growth in its activities over the past decade and shows promise for the future.According to the first State of Maritime Transport,

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