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CSL Releases 2020 Corporate Sustainability Report

  MONTREAL – The CSL Group (“CSL”) has released its voluntary 2020 Corporate Sustainability Report that details the ways in which the company progressed on its sustainability goals during a profoundly challenging and extraordinary year. “We are conscious of the extra effort it took this year to maintain our deep commitment to operating sustainably, to improving […]

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The Port of Montreal’s Contrecœur expansion enters a new phase 

  MONTREAL – The Montreal Port Authority (MPA) is entering a new phase in achieving its Contrecœur expansion as it prepares to launch a Design-Build-Finance-Operate-Maintain (DBFOM) procurement process that will be open to national and international industry players. “Factoring in our timeline, we are proceeding with the development and implementation of the Contrecœur container terminal through

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ArcelorMittal celebrates 60 years of its seaport in Port-Cartier (in French)

  PORT-CARTIER, QC, – ArcelorMittal Infrastructure Canada (« ArcelorMittal ») a tenu à souligner le 60e anniversaire de la toute première expédition de minerai de fer au départ du port de mer de Port-Cartier. En juillet 1961, un tout premier navire quittait Port-Cartier avec la cargaison inaugurale alors que la construction de ce qui allait devenir le

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Drewry forecasts $80 billion profit in 2021 for container lines

  According to UK-based Drewry maritime consultancy, global container carriers are on track for an annual 2021 profit of $80 billion, and this could even stretch to $100 billion  should rates continue their meteoric rise through the second half of this year. This represents a substantial upgrade to its $35 billion forecast of earnings before

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Ever Given to leave Suez Canal Wednesday

  The 20,388TEU Ever Given is to leave the Suez Canal for Northern Europe after more than three months of legal wrangling, following an agreement announced between the Suez Canal Authority (SCA) and the vessel owners and insurers. “Following the agreement in principle between the parties, and after further meetings with the Suez Canal Authority’s negotiating committee

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Many of the twelve largest container carriers have not published their Sustainability Reports for the year 2020 yet

  There is so much talk about the environmental commitment of the largest container carriers. The companies have joined initiatives and promised serious efforts to decarbonize and become more environmentally responsible. However, the first half of 2021 ended yesterday, and seven out of the twelve largest container carriers in the world have not released their

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Lloyd’s Register to focus growth on expanded role in maritime industry

  Lloyd’s Register, a global provider of professional services specialising in engineering and technology solutions, has announced the sale of 100% of its Business Assurance & Inspection Services division, including cyber-security business Nettitude, to Goldman Sachs Asset Management. The transaction is a key milestone in Lloyd’s Register’s strategy to become the go-to partner and adviser

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