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Drewry sees carrier profits continuing to rise in 2022

Far from declining this year, ocean container carrier profits will increase again as the spreading Omicron variant hammers supply chains and higher freight rates are factored in, according to Drewry, the UK-based shipping consultancy. With another record for profitability expected to be confirmed by final results in the fourth quarter, Drewry has adjusted upwards its

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Long Beach/Los Angeles again delay container dwell fee

The ports of Long Beach and Los Angeles announced they will delay consideration of the “Container Dwell Fee” for another week, this time until Jan. 10. Since the program was announced on Oct. 25, the two ports have seen a combined decline of 35% in aging cargo on the docks. As expected, year-end holidays have slowed

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MSC overtakes Maersk as world number one

According to the latest data compiled by the Alphaliner consultancy, Mediterranean Shipping Company has exceeded A.P. Moller-Maersk for the first time in terms of container capacity. MSC’s fleet can now carry 4,284,728 standard 20-foot containers versus 4,282,840 TEUs for Maersk. Both carriers possess a share of 17% in a total world container market of more

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Record 2021 results for Suez Canal

The Suez Canal Authority has reported record results for the number of transits of ships and revenues in 2021 despite the grounding in the international waterway of the giant Ever Given containership for six days in March.  “The Suez Canal achieved the high annual revenue in its history of $6.3 billion, and the largest annual

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Port of Québec awards Gold-Headed Cane to first ship of 2022

For the 187th consecutive year, the Québec Port Authority (QPA) awarded the prestigious Gold-Headed Cane on January 3 to the captain of the first ocean-going vessel from a foreign port to dock at the Port of Québec. Mario Girard, President and CEO of the QPA, was on hand to present the award to  Kandangama Deniyegedara, Captain

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The Quebec Express wins the Gold-Headed Cane of Port of Montreal

True to a tradition dating back over 180 years, the Montreal Port Authority (MPA) is awarding the Gold-Headed Cane again this year. The 2022 edition is awarded to Captain Felino D’Souza of the ship Quebec Express of the Hapag-Lloyd shipping line, the first ocean-going vessel to cross the Port of Montreal’s downstream limit at Sorel without a stopover at 00:21 a.m. “We are proud to maintain this

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