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On the heel of record traffic, Suez Canal announces toll increases for 2022
The Suez Canal Authority issued new resolutions concerning the fees of the transiting ships through the canal to be applied during the next year 2022. Admiral Osama Rabea, Chairman of the Suez Canal Authority, announced, on Thursday, increasing the transit tolls of all the types of transiting ships through the canal by 6% during 2022

Removing slime from ships to cut emissions
Keeping ships’ hulls free from just a thin layer of slime can reduce a ship’s GHG emissions by up to 25 per cent, according to the preliminary findings of a new study, launched at COP 26 in Glasgow. The preliminary findings of the study on the Impact of Ships’ Biofouling on Greenhouse Gas Emissions reveals that a layer of slime as

Global container lines bristle over upcoming LA/LB container dwell fees
According to a report on the JOC.com news platform, container lines were caught unawares by the new port tariff announced by the ports of Los Angeles and Long Beach last week. And carrier executives are bristling at the idea that — for the second time in just two months — the Biden administration is ignoring

CMA CGM acquiring third-biggest terminal in Los Angeles
The CMA CGM Group, a world leader in shipping and logistics, has signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the terminal, CMA CGM will

First Movers Coalition launched to advance commitments to zero-emission shipping
Glasgow, Scotland — The World Economic Forum, in partnership with US Special Presidential Envoy for Climate John Kerry, today announced the First Movers Coalition, a new platform for companies to make purchasing commitments that create new market demand for low and zero carbon fuels and technologies. Among the eight “harder-to-abate” sectors addressed by the First

The Port of Antwerp and the Port of Montreal pledge to create a green shipping corridor
Glasgow, — At the 26th Conference of the Parties (COP26) on climate change, the Port of Antwerp and the Port of Montreal have signed a cooperation agreement to support the creation of the first green shipping corridor in the North Atlantic. Through this agreement, the two pillars of marine transportation between Europe and North America pledge to mobilize their respective public-

Logistec orders two Konecranes for Manatee terminal
LOGISTEC USA Inc. (LOGISTEC) has ordered two new eco-efficient Generation 6 Konecranes Gottwald Mobile Harbor Cranes for their terminal at the Port of Manatee in Tampa Bay, Florida, USA. The order, booked in August, will be handed over by February 2022. LOGISTEC operates 80 terminals in 54 ports across North America. The company handles

Heddle Marine wins contract for new Ontario ferry
HAMILTON ― The Ontario government is investing $3.3 million in a new ferry for the Simcoe Island community to ensure residents and visitors have reliable access to the island, and more opportunities to participate in the regional economy. The ferry will be built by Heddle Shipyards in Hamilton and will help support up to 24