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Canada announced today it is closing its waters and ports to ships owned or registered in Russia, including fishing vessels, as a result of the Russian invasion of Ukraine. Issued under the Special Economic Measures Act, the ban is expected to take effect later this week. Transport Minister Omar Alghabra said Russia should be held […]

Geneva – Four UN organizations have called for continued global collaboration to address the crew change crisis that at times during the COVID-19 pandemic has left more than 400,000 seafarers stranded at sea. In a joint statement issued today, the International Labour Organization (ILO), the International Maritime Organization (IMO), the United Nations Conference on Trade and Development (UNCTAD)

Maersk, its 2M Alliance partner Mediterranean Shipping Co., and CMA CGM have joined Hapag-Lloyd and Ocean Network Express (ONE) in suspending bookings for Russian cargo in response to tightening global sanctions following the invasion of Ukraine, the JOC.com news platform reported today. “As the stability and safety of our operations is already being directly and indirectly impacted

After raising tolls one month ago, the Suez Canal Authority has announced another toll increase effective March 1, 2022. According to circulars by the canal authority, the levy decision was “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit

Imports of cement, steel, sugar and salt moving through the Port of Toronto and directly into the heart of Canada’s largest city in 2021 surpassed 2.2 million metric tonnes for the 5th consecutive year. Bypassing trade gateways disrupted by the pandemic, Great Lakes – St. Lawrence Seaway shipping routes remained reliable and congestion free, reinforcing

Global commodity trading patterns are set for their greatest upheaval in decades following today’s full-scale invasion of Ukraine by Russia, reports  Sam Chambers on the Splash247 news platform. Russian president Vladimir Putin sent troops into four different regions of Ukraine this morning in an attack that is the largest seen on European soil since the

Prince Rupert, BC – DP World and the Prince Rupert Port Authority have entered into a two-year agreement to assess the feasibility of an innovative new container terminal project in Prince Rupert. The potential project would add up to 2 million twenty-foot equivalent units (TEUs) of annual capacity to the Port of Prince Rupert, significantly

The U.S. government today held its first offshore wind lease sale with a view to auctioning a record of more than 480,000 acres offshore New York and New Jersey. The auction allows offshore wind developers to bid on six lease areas, the most areas ever offered in a single auction, in an area known as

U.S. Transportation Secretary Pete Buttigieg today announced some $450 million in grants for port-related projects to bolster capacity and mitigate supply chain congestion. The funding will flow from the recently adopted $1 trillion Bipartisan Infrastructure Law. “We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more efficiently