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Seaway general cargo shipments up 71%
With just two weeks left to the 2021 season, the St. Lawrence Seaway and Canadian ports are reporting a rush of activity as manufacturers stockpile raw materials and businesses take advantage of the congestion-free waterway to export overseas. According to the latest figures from the St. Lawrence Seaway, general cargo shipments, including steel, aluminum, and oversized
Poseidon Principles for Marine Insurance launched
Six of the world’s leading marine insurers launched a groundbreaking initiative to provide transparency on carbon emissions and support the shipping industry’s green transition. The Poseidon Principles for Marine Insurance are a framework to quantitatively assess and disclose the climate alignment of marine insurers’ underwriting portfolios. This pioneering initiative makes marine insurance the first line
Long Beach to smash container record in 2021
The Port of Long Beach is on the verge of processing more than 9 million cargo containers by the end of 2021 as efforts continue to make room for imports and deliver holiday goods as quickly as possible. Dockworkers and terminal operators have moved more than 8.6 million twenty-foot equivalent units through November, already surpassing
CP completes acquisition of Kansas City Southern
Canadian Pacific Railway Limited today announced the completion of its acquisition of Kansas City Southern. The transaction represents an enterprise value of approximately US$31 billion. KCS stockholders will receive 2.884 CP common shares and US$90 in cash for each share of KCS common stock held and US$37.50 in cash for each share of KCS preferred
Davie Shipbuilding creating Montreal-based investment division
Lévis– Davie Shipbuilding today announced that it will create an investment division called “Davie Capital” in Q1 2022. Davie Capital will be based at the 1250 Rene-Levesque building in Montréal. It will identify, qualify and manage major investments across Canada as part of Davie’s commitments under the National Shipbuilding Strategy (NSS) and other key programs.
Daniel-Robert Gooch new President and CEO of ACPA
Ottawa – The Board of Directors for the Association of Canadian Port Authorities (ACPA) has announced the appointment of Daniel-Robert Gooch as President and CEO. Mr. Gooch will assume his new role February 7, 2022. Mr. Gooch is no stranger to the transportation sector. Serving as president of the Canadian Airports Council (CAC) since 2011,
EU supply chain partners in constructive dialogue to overcome logistics challenges
Brussels – Shippers and carriers met yesterday to talk about the causes and effects of recent supply chain disruption coinciding with the COVID 19 pandemic. The meeting brought together a broad representation of members from the European Shippers Council (ECS) and the World Shipping Council (WSC) and the Secretariat of the European Community Shipowners’ Associations
Davie appoints Denis Boucher as Vice President Public Affairs
Davie Shipbuilding has announced the appointment of Denis Boucher as Vice President Public Affairs and Strategic Relationships, with a primary focus on Québec. Mr Boucher will join the Davie executive team and lead government and public affairs with a strong focus on developing key relationships and partnerships to support Davie’s strategic priorities and long-term vision.