News

  The Panama Canal Authority (ACP) has announced details of a new simplified toll structure which reduces the number of tariffs from 430 to under 60.    “The proposal aims to strengthen the tolls structure in a way that is consistent with the value provided by the Canal transit service while providing greater visibility and predictability to

CLEVELAND – Shipments of iron ore on the Great Lakes totaled 3.9 million tons in June, a decrease of 32.6 percent from 2021, according to the Lake Carriers’ Association (LCA). Shipments were 29.5 percent below the month’s 5-year average. Year-to-date the iron ore trade stands at 13.8 million tons, 33.5 percent below the previous year’s

MS Medstraum, the world’s first fully electric and zero-emission fast ferry, classed as a high-speed craft, has embarked on the journey from Fjellstrand shipyard to its new home port, Stavanger. The vessel has been built using unique modular manufacturing methods at the Norwegian shipyard, Fjellstrand. Modularisation helps cut both production costs and engineering costs and

According to the latest piracy report of the ICC International Maritime Bureau, global incidents of piracy fell in the first half of the year to the lowest reported level in nearly 30 years. The report referred to ‘cautious’ gains in the Gulf of Guinea, where 12 incidents were reported. The report details a total of

Canada’s federal government has announced $4.4 million in funding, under the National Trade Corridors Fund, for a study to understand the current and future conditions of permafrost along the Hudson Bay Railway corridor – a decision welcomed by the Arctic Gateway Group. The railway represents a vital link for people and cargo in the port/city of

Ottawa -The Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard, Mike Kelloway, on behalf of the Honourable Joyce Murray, joined representatives from Argentina, Brazil, Cabo Verde, Morocco, South Africa, the European Union and the United States to sign the All-Atlantic Ocean Research and Innovation Alliance (AAORIA) Declaration, confirming Canada’s commitment to advancing cooperative ocean science. Together with its domestic and

According to a report released by the International Transport Forum, an independent body within the Organization for Economic Cooperation and Development (OECD), government regulators must extend their reach much deeper into container shipping to ensure fair competition. “Governments should build up their capacity to monitor competition in maritime transport,” said in a 2022 report entitled