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No rapid recovery anticipated of container shipping rates

  Containerised cargo volumes moved in the deep-sea container shipping market fell a further 2.5% during the final quarter of 2022, marking the traditionally busiest period of the year as the ‘peak season without a peak’. Volumes have fallen steadily in the early weeks of 2023 and world trade continues to stumble as economies grapple

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Multimodal transload facility planned in CN Calgary Logistics Park

  CN, Trealmont Transport Inc. (Montship Inc.) and Kaptan US LLC have announced they have reached an agreement to develop a multimodal transload facility located in CN’s Calgary Logistics Park. The new facility is planned to be operational in the third quarter of 2024. Kaptan and Trealmont Transport Inc. (Montship Inc.) have agreed to purchase

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Chantier Davie Canada exercises option to purchase Helsinki Shipyard

  Helsinki, Finland – Chantier Davie Canada Inc. of Lévis, Quebec has announced the exercise of its exclusive option to purchase the assets of Finland’s Helsinki Shipyard Oy (HSO) in a move aimed at creating a leading international hub for Arctic shipbuilding. Exercising the option to purchase does not mean an acquisition is completed. It is

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Spliethoff launching monthly liner service to Duluth

  Dutch shipping company Spliethoff will be introducing in early May a dedicated monthly liner service between Duluth and Antwerp. It will carry breakbulk, project and container cargoes between Europe and the largest U.S. port on the Great Lakes, offering short transit times of 20-25 days and reducing costs to regional shippers. The first vessel

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LOGISTEC Corporation reports record results in 2022

  LOGISTEC Corporation, a leading Canadian marine and environmental services provider, has announced its financial results for the year ended December 31, 2022. Pursuing its long-term sustainable growth strategy, LOGISTEC reported historic results surpassing an all-time high in an economic context favorable to its activities. Consolidated revenue totaled $897.6 million in 2022, an increase of $153.9 million or 20.7% over

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European Union finalizes deal on cleaner maritime fuels

  The European Parliament and Council early today reached a deal on cleaner maritime fuels, asking to cut ship emissions by 2% as of 2025 and by 80% as of 2050, to help the European Union become climate neutral. The provisional agreement between the European Parliament and Council negotiators sets up a fuel standard for

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