Lantic Sugar, which has a plant on Notre-Dame Street East on Port of Montreal territory, has announced a vast expansion and modernization project. At a total investment of $200 million, this overhaul will make it possible for the company to increase its handling and refining capacity by 20% while optimizing its logistics and rail infrastructures.
There are growing concerns within the shipping community, including marine underwriters, about fires breaking out on car carriers and roros with the assertion that many of these fires are attributable to electric vehicles. In response, the International Union of Marine Insurance (IUMI) has researched these claims and published recommendations on the safe carriage of
Dubai-based DP World has signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum container terminal at Kandla in Gujarat on India’s western coast. The project involves the construction of a mega-container terminal at Tuna-Tekra near the existing Deendayal Port, at a cost
Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August, meaning prices have now dropped 62.7% since this time last year. The world’s busiest routes – exports from
More than one year of uncertainty has ended at U.S. West Coast ports with the ratification by some 20,000 dockworkers belonging to the International Longshore and Warehouse Union (ILWU) of a tentative contract reached in June with port employers represented by the Pacific Maritime Association (PMA). This follows an agreement reached In early August
Just released statistics confirm a present downward trend of containerized cargo at the Port of Halifax, with Q2 2023 throughput of 137,774 TEUs representing a decline of 12% from a year earlier. “It’s the result of overall weakness in the global economy and is consistent with what is happening with ports and supply chains across
Crown Prince Mohammed bin Salman has unveiled a master plan for logistics centers to enhance Saudi Arabia’s position as a leading investment destination and transform it into a global logistics hub. Part of the National Transport and Logistics Strategy (NTLS), the ambitious blueprint seeks to capitalize on the Kingdom’s geographical location connecting three major
With 32 operations scheduled over the next two months, the peak cruise season promises to be particularly intense and beneficial for Montreal.. A total of nearly 70 000 passengers and crew members are expected in Montréal by the end of October, an increase of more than 40% compared to 2022, which testifies to the