The warning signs were already there, but the latest data from Oslo’s Xeneta market intelligence platform suggests 2024 could be even more brutal than expected for carriers in the ocean freight shipping market. The Xeneta Shipping Index (XSI®) tracks real-time developments in global long-term contracted rates and figures released today shows it fell by
The Port of Québec has reported a banner 2023 cruise season, welcoming over 154,000 cruise passengers. Twenty-eight cruise lines and 41 different ships, 11 of which were on their maiden voyage, visited a total of 131 times over the season which ran from April 25 to November 5 – the longest in the Port’s history.
The Montreal Port Authority (MPA) has announced the appointment of Julie Gascon as President and CEO. With her proven track record in the marine industry, Ms. Julie Gascon will bring in-depth knowledge of operations in the transportation sector to the entire Port of Montreal ecosystem and put her entrepreneurial know-how to work in implementing the 2023–2027 strategic plan. Ms. Julie Gascon is
The Thorold Multimodal Hub, a collaborative venture between the BMI Group and HOPA Ports, has received a 2023 Brownie Award from the Canadian Brownfields Network. Honored in the ‘Renew-Large Scale Project’ category, the Thorold Multimodal Hub was recognized for its successful reimagining of a legacy industrial site for modern industrial uses. Each year, the Canadian Brownfields Network recognizes
The cruise season at the Port of Halifax concluded on November 9 with the departure of Silver Shadow, a Silversea Cruises vessel. Overall, it was a very solid cruise season in Halifax and across Nova Scotia, approaching historical highs in terms of vessel calls and passengers. Planning for the 2024 season is already underway.
Swire Projects, the projects and heavy lift shipping arm of Swire Shipping, has officially launched a dedicated semi liner service connecting East Asia with the West Coast of North America, including Canada’s Port of Vancouver. Previously offered on an ad hoc basis, the service will provide enhanced cargo connectivity and support the growing demand
The general cargo vessel, BBC Georgia, which was damaged after running aground late last Thursday on the St. Lawrence River at Grondines between Montreal and Trois-Rivières, has been refloated and is expected to be towed later today by several tugs of Groupe Océan to the nearby Port of Bécancour, according to sources familiar with
Steerprop, a leading Finnish designer and manufacturer of high-performance propulsion systems, has been chosen to supply advanced ice-classed bow thrusters to the Canadian Coast Guard’s new Polar Icebreaker. The ship will be designed and built by Seaspan Shipyards as part of Canada’s National Shipbuilding Strategy. When completed, she will be one of the most