According to Drewry maritime consultancy, ocean container prices have doubled in one year to a never-seen level of US$6,500 while leasing rates have similarly entered record territory. The UK-based consultancy’s annual container and leasing review said the price reached at the end of the second quarter was the highest since 1998. John Fossey, Drewry’s […]
Ocean container prices have doubled in one year Read More »
Mediterranean Shipping Company said today it was shocked to learn of the accusations made by MCS Industries and the complaint filed by MCS Industries with the FMC, a notice of which was published by the FMC on August 3. (See MM August 4) MSC received no formal complaint by MCS Industries in advance of
MSC “shocked” by shipper complaint filed with FMC Read More »
US ports and inland waterways are on track to receive at least $11.8 billion in new federal funding over the next five years through a $1 trillion infrastructure bill Congress aims to finalize over the coming weeks, reports Mark Szakonyi, Executive Editor of The Journal of Commerce and JOC.COM. The Senate began voting on
Coming US infrastructure bill promises port-funding splurge Read More »
The Federal Maritime Commission has launched an expedited inquiry into the timing and legal sufficiency of ocean carrier practices with respect to certain surcharges. Eight ocean carriers are being asked to provide the Commission’s Bureau of Enforcement (BoE) with details about congestion or related surcharges they have implemented or announced. BoE has given the
FMC launches expedited inquiry into ocean carrier pricing practices Read More »
Today in Iqaluit, Nunavut, the Honourable Catherine McKenna, Minister of Infrastructure and Communities of Canada, on behalf of the Honourable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast Guard, provided an update on plans for two new Small Craft Harbours in Nunavut Territory, at Clyde River and Arctic Bay. Over the next two years, Fisheries and
Canada investing $15 million in two small craft harbours in Nunavut Read More »
CALGARY – Canadian Pacific today announced it hauled more Canadian grain and grain products in the 2020–2021 crop production year than any other crop year during CP’s 140-year history. Working in close collaboration with customers and other participants in the Canadian grain supply chain, CP moved 30.62 million metric tonnes (MMT) this crop year,
CP shatters grain haul record Read More »
Dreamstime photo shows yellow cutting cranes over Golden Ray car carrier that capsized near Brunswick, Georgia. The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges, apply the learnings from the Ever Given Suez Canal incident and prepare for cyber and climate change challenges
World shipping losses lower but serious cyber/climate change challenges on horizon Read More »
By Michael Grey* The results of an inquest in the UK on the deaths caused by a tram coming off the rails gave one pause for thought. The driver, it had concluded, had suffered a “microsleep” at the very moment he should have been applying the brakes and the tram had rushed on with
The many challenges to one-man bridge operations (Forum) Read More »
Coinciding with growing evidence that many world economies are emerging from a devastating pandemic, this summer 2021 issue has a generally upbeat tone in its treatment of the two main features: an annual review of key developments at Canadian ports and how terminal operators are gearing up to meet demand flowing from economic recovery.
Summer issue of Maritime Magazine now online Read More »
An American furniture shipper has filed a $600,000 lawsuit with the Federal Maritime Commission (FMC) against a couple of global containerlines, which it claims have repeatedly contravened terms of the US Shipping Act, according to a report by Sam Chambers in the Splash247 daily newsletter. The case will be watched carefully by other shippers,
American shipper files lawsuit with FMC over alleged abusive pricing by container lines Read More »