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Port leaders extend Climate Action Program for greener shipping

  The World Port Climate Action Program (WPCAP) is being extended with a new focus on shore power, new fuels and green shipping corridors. This was agreed by the CEOs and leaders of 12 leading ports at a meeting in Rotterdam on the occasion of the first five years of the program. WPCAP members praised

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Long-term ocean freight rates collapse by nearly 30% in May

  The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers dived by 27.5%. The development, detailed by Xeneta’s Shipping Index (XSI®), marks the ninth consecutive month of rates drops, and is the largest ever monthly fall recorded on the XSI®. “If

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Rainfall brings some relief to drought-stricken Panama Canal

  Rainfall in the Panama Canal watershed during the past several days has allowed the Panama Canal Authority to postpone until June 13 the maximum authorized draft of 13.41 m (44.0 feet) TFW in the Neopanamax Locks. This restriction had been scheduled to become effective on May 30. Therefore, the maximum authorized draft of 13.56

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Dutch company launches first hydrogen-powered inland container ship

  Dutch shipping company Future Proof Shipping (FPS) has officially launched in Rotterdam the first hydrogen-powered zero-emissions inland container ship, H2 Barge 1. Last week, Nike introduced the H2 Barge 1 at its European Logistics Campus in Laakdal, Belgium. As part of its journey toward a zero carbon and zero waste future, Nike is partnering with Future Proof

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Wind farms now dominate power source for UK electricity grid

  For the first time, Britain’s wind farms are generating more electricity than gas-fired power stations. This was disclosed in findings covering the first three months of this year in an independent report by academics from Imperial College London commissioned by the UK renewable power producer Drax Group. During Q1 2023, nearly one third (32.4

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Desgagnés acquires Valport Maritime Services

  Québec City – Desgagnés announced today it is expanding and has completed the acquisition of Valport Maritime Services Inc., a company specialized in cargo handling and storage services located at the Port of Valleyfield.  The transaction is effective May 26, 2023.  Desgagnés and the Société du Port de Valleyfield, a key stakeholder in this transaction, have also

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