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Drewry sees no stable container shipping market before 2023 

Lengthy delays and high freight rates in container shipping will not subside until at least 2023, according to a revised forecast by the Drewry consultancy, citing the impact of the Russian invasion of Ukraine and a new Covid-19 wave in China. Simon Heaney, Drewry’s senior manager of container research said that carriers’ ability to charge

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Port of Montreal reports positive 2021 results

Montreal – This morning, President and Chief Executive Officer of the Montreal Port Authority (MPA) Martin Imbleau and Chairman of the Board Marie-Claude Boisvert presented the Port of Montreal’s 2021 operating results at the annual meeting. The meeting was held in hybrid format at the MPA head office. Despite the challenges and crises that marked

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The first hybrid ro-ro vessel delivered to Finnlines

The first vessel of Finnlines’ EUR 500 million Newbuilding Programme, the hybrid ro-ro vessel Finneco I, was delivered on 28 April 2022. The concept planning started in 2018 and the target was to create the most environmentally friendly vessel which had ever operated in the Baltic Sea. The order for three ro-ro vessels was signed

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Port of Antwerp-Bruges establishes Europe’s biggest export port

The ports of Antwerp and Zeebrugge will from now on continue their growth trajectory under one name: Port of Antwerp-Bruges. At the extraordinary general meeting of 22 April 2022, the two cities signed the shareholders’ agreement of the unified port company. Today, Port of Antwerp-Bruges is sharing the concrete manifestation of its ambition – to

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Prince Rupert’s biggest terminal re-brands as Trigon

The former Ridley Terminals Inc. – a high-performance bulk export terminal within the Port of Prince Rupert – has announced its rebranding as Trigon Pacific Terminals Limited (Trigon). Inspired by Coast Tsimshian artistic traditions and Indigenous ownership, the new name and identity reflects the significant recent and future planned changes at the terminal, and its accelerating progression

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Port of Halifax offering incentives to reduce vessel emissions

The Halifax Port Authority (HPA) is taking steps to reduce vessel emissions. On April 1, 2022, the HPA joined the World Port Climate Initiative (WPCI) as an Incentive Provider with the International Association of Ports and Harbors’ (IAPH) Environmental Ship Index (ESI). The HPA is now offering incentives to container and RoRo vessels that voluntarily

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Ulstein unveils molten salt reactor ship to foster zero emissions

Norway’s Ulstein has launched Ulstein Thor, a 149m 3R (Replenishment, Research and Rescue) design which will feature a Thorium Molten Salt Reactor (MSR) to generate vast amounts of clean, safe electricity. This enables the vessel to operate as a mobile power/charging station for a new breed of battery driven cruise ships. The vessel concept is

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