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Long-term ocean freight rates rise again in May as demand thrives
Shippers could be forgiven for asking, ‘when will it end?’ A year of historically high long-term contracted container rates is being pushed to new heights, with a further 9% surge in prices across the month of May. According to the latest market intelligence from Xeneta’s Long-Term XSI® Public Indices, which crowd sources rates from
2020 results underline resilience of Port of Trois-Rivières
The Trois-Rivières Port Authority (TRPA) held its annual general assembly today, which was an opportunity to review the results of 2020 and to highlight the work and resilience of the Trois-Rivières port community. In the past year, the Port welcomed 209 vessels and handled 3.3 million metric tonnes of cargo, resulting in a net
Dutch court orders Shell to reduce CO2 emissions by 45%
A Dutch court has ordered supermajor Shell to significantly slash its carbon emissions, setting the stage for potential lawsuits against other oil and gas companies and big polluters globally. For the first time in history, a judge has held a corporation liable for causing dangerous climate change. As a result of legal action brought
Federal government adds new ecological constraint to Contrecoeur terminal project
The federal Minister of Fisheries, Oceans, and the Canadian Coast Guard and the federal Minister of Environment and Climate Change have signed a ministerial order prohibiting the destruction of the critical habitat of the copper redhorse under the Species at Risk Act (SARA). The order was published today in the Canada Gazette. While it
Shipping’s nightmare with the Gulf of Guinea pirates (Forum)
By Michael Grey* There will be few seafarers today who sail off to the Gulf of Guinea with a light heart and cheerful demeanour, any more than they did a couple of hundred years ago, when disease was endemic along its shores. It is a different sort of blight today, with the depredations of
A Captain caught after a slaughter at sea (Forum)
Taiwanese Ping Shin 101 on which occurred the murders at sea described in this gut wretching article by investigative reporter Ian Urbina*. Photo Credit: Fish-I Africa The men are helpless in the open water, clinging to floating debris, tossed by the rolling ocean waves. Several large fishing ships circle. None of the victims have life jackets, but no one makes
UK Chamber of Shipping to host maritime G7 event
The UK Chamber of Shipping has announced plans for a global online meeting with an agenda which will address trade barriers and improving collaboration on green R&D initiatives. The ‘M7’ meeting will ‘match’ the invitation lists for the G7 meeting which will take place in the UK later this year. Representatives from the UK,
Kotug International establishes an inland shipping division
CityBarge One pusher tug and barge are operating in Leiden (source: Kotug) Kotug International has established an inland shipping division combining electric-powered pusher tugs and smart dispatch and route planning applications for the inland water transportation industry. With these logistics solutions, KOTUG aims to support the worldwide energy transition and the modal shift from