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UNCTAD warns high freight rates cast a shadow over economic recovery
According to UNCTAD’s Review of Maritime Transport 2021, global consumer prices will rise significantly in the year ahead until shipping supply chain disruptions are unblocked and port constraints and terminal inefficiencies are tackled. The recovery of the global economy is threatened by high freight rates, which are likely to continue in the coming months. The
Port of Vancouver reeling from ‘storm of the century’
Canada’s largest port is hoping that normal operations can be restored this weekend after record-breaking torrential rains last weekend on Vancouver Island caused severe flooding and mudslides that submerged the Trans-Canada Highway and the tracks of the Canadian Pacific and CN railways. There is no certainty when the vital rail services will actually resume, despite
U.S. Transportation Secretary Buttigieg supports more ‘Marine Highway’ shipping
To shift port containers off congested highways and reduce pollution, Transportation Secretary Pete Buttigieg backs an increase in federal funding for ‘Marine Highway’ vessels operating on the nation’s waterways. He voiced this view at a media briefing on November 16 at the Port of Los Angeles, which has been heavily congested by containerships for months.
St. Lawrence Seaway shipping season heading for strong finish
Great Lakes-Seaway Canadian ports and operators are expecting the final two months of the season to be busy following solid cargo volumes in October. According to the latest figures, St. Lawrence Seaway cargo shipments between March 22 and October 31 totalled 28.5 million metric tons, up 1.9% from the same period last year. General cargo
Craig Bell Estabrooks new President & CEO of Port Saint John
Saint John – The Board of Directors for Port Saint John has announced the appointment of Craig Bell Estabrooks as President and Chief Executive Officer. Assuming his post on November 22, he succeeds Capt. Chris Hall, who acted as Interim President and CEO since July. Over the past decade, Craig has worked in progressively responsible
Grain shipments paused from Port of Churchill while rail repairs continue
The Arctic Gateway Group (AGG) has pressed the pause button on shipments of grain from The Port of Churchill in Northern Manitoba for the 2022 season while extensive repairs continue to the Hudson Bay Railway (HBR). The Port of Churchill, on Hudson Bay is Canada’s only Arctic deep-water port. The November 16 news release by
MGTP handles first-ever cargo vessel originating directly from Asia to call Montreal
For the first time in its fifty-year history, Montreal Gateway Terminals Partnership, the largest terminal operator at the Port of Montreal, joined efforts with Fracht FWO Inc., an international freight forwarder with a strong presence in North America, to receive a cargo vessel originating directly from Asia.. “MGT is particularly proud to have teamed up with Fracht in making history,” said Michael Fratianni, President and CEO
Heddle Shipyards awarded life extension contract of CCGS Amundsen
Hamilton – Heddle Shipyards announced today it has been awarded the vessel life extension of the Canadian Coast Guard Icebreaker, the CCGS Amundsen ushering in a new era of growth and stability for the storied Port Weller Dry Docks. Once a premier shipbuilding facility in Canada, the St. Catharines Shipyard employed upwards of 2000 people during