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Québec’s big pension fund and DP World plan to invest $4.5 billion in world ports

Duke Point, Port of Nanaimo photo Caisse de dépôt et placement du Québec (CDPQ) and DP World have announced they will inject an additional $4.5 billion in their joint, global portfolio of port terminals. This will raise to $8.2 billion the combined investment by the two parties since they formed their joint venture in 2016. […]

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Rising sea levels will force massive expansion of global seaports

(Photo Port of Los Angeles) Seaport footprints will need to expand by up to 3,689 square kilometers (1,424 square miles) worldwide in the next three decades to cope with the combination of sea-level rise and rising demand, according to a new study published in Earth’s Future, a peer-reviewed scientific journal focusing on climate change and future sustainability. The

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The Panama Canal Extends Temporary Relief Measures for Customers to End of 2020

  Panama City, Panama – As the COVID-19 pandemic continues to impact the global economy, the Panama Canal has annonced it will extend its temporary relief measures to December 31, 2020, offering further support for the industry’s recovery. This extension comes after continued dialogue between the Canal and industry leaders on how to best provide relief

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Hapag-Lloyd confirms two crew members test COVID positive in Vancouver

  Hapag-Lloyd today reported that two crew members on board the 8,600 TEU containership Sofia Express tested positive for COVID-19 while the vessel was at anchor at the Port of Vancouver’s Deltaport terminal. “Local authorities were duly notified and the mariners were immediately isolated and brought to a quarantine facility ashore. We are hoping for a

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MEA pledges not to use replacement workers for COVID-related cargo

The Maritime Employers Association (MEA) has announced it will not resort to using replacement workers for handling some 477 containers currently identified as COVID-related from the Port of Montreal in midst of a docker strike that has entered its 11th day. In a statement, the MEA said that an agreement was made with the longshore

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BC Ferries releases first quarter, COVID-19-influenced results

  VICTORIA –BC Ferries released its first-quarter results today for the three months ended June 30, 2020. The COVID-19 global pandemic had a significant impact on first-quarter results. Net losses for the first quarter of fiscal 2021 were $62 million, compared to net earnings of $12.2 million for the same quarter of the previous year.

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