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Canadian Pacific Railway Limited and Kansas City Southern today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$31 billion which includes the assumption of $3.8 billion of outstanding KCS debt. The merger creates the first U.S.-Canada-Mexico railway. The decision […]

Houston, Texas – In an industry first, ABS has launched an advanced service using sophisticated modeling and simulation technologies to assess the impact of a wide range of vessel decarbonization technologies at the design stage as well as simplifying EEXI and CII compliance. The SIM-based Energy Efficiency Evaluation Service will allow both newbuild vessels and

Adding a new chapter in a continental railway power struggle full of twists and turns, the Board of Directors of Kansas City Southern announced on Sunday that CP’s revised proposal is “superior” to an existing rival merger agreement with Canadian National Railway. KCS has notified CN that it intends to terminate KCS’s current merger agreement

Over the next two years, seafarers working aboard more than 9,000 flag-of-convenience vessels will be receiving a pay increase of 4.5%, the International Transport Workers’ Federation(ITF) announced after a deal with maritime employers was struck with employers represented by the Joint Negotiating Group (JNG). The agreement recognized the enormous sacrifices of seafarers during the pandemic

The Port of Halifax will receive the first direct call between the West Coast of India and a Canadian port when the maiden call of the MSC Indus 2 Service arrives early next month. The service will berth at the South End Container Terminal operated by PSA Halifax. The first sailing from Mundra commenced on

The Impact Assessment Agency of Canada (the Agency) announced it is conducting a federal environmental assessment for the proposed Trois-Rivières Port Facilities Expansion Project. The public and Indigenous peoples are invited to comment on the potential environmental effects of the project and the proposed measures to prevent or mitigate those effects as described in the proponent’s summary of

Abu Dhabi, UAE – Abu Dhabi Ports, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics today announced the signing of a 35-year concession agreement. Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated

SHANGHAI – The world’s first IMO Type B Very Large Ethane Carrier (VLEC), the ABS-Classed Pacific Ineos Belstaff, has been launched at Jiangnan Shipyard. The first of an order of four of the largest VLECs ever commissioned, the 99,000 cbm dual-fuel vessel is designed for long-haul ethane transportation but can also handle other liquified gas cargoes

Vancouver – Maersk and Canadian Pacific (CP) opened on September 9 the new 117,000 square foot, 103 door Pacific Transload Express facility designed to make Asia/Pacific Northwest (PNW) supply chains more resilient, flexible and cost-effective.  The ability to transload international containers into domestic 53-foot trailers enables customers to achieve overall cost savings (per cubic metre) for