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Transport Canada invests in two projects to improve supply chain efficiency in New Brunswick
Saint John -The Minister of Transport, the Honourable Omar Alghabra, and the Member of Parliament for Saint-John—Rothesay, Wayne Long, have announced more than $42 million for two new projects under the National Trade Corridors Fund. These projects will help improve supply chain efficiency for Canadian shippers in Saint John and McAdam, New Brunswick. The Government of Canada will contribute: $21.16 million to upgrade rail terminals
Middle East ports ranked as most efficient amid global pandemic
Washington — Ports in the Middle East took four of the top five spots in the second edition of the global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence. The two largest U.S. ports, Los Angeles and Long Beach, as well as Canada’s biggest port, Vancouver, were categorized as the least efficient
Drewry forecasts half trillion dollar 2022 profit for global container carriers
According to the latest forecast by UK shipping consultancy Drewry, the world container shipping industry could post an unprecedented half a trillion dollars of operating profit by the end of 2022. This would far exceed the record $190 billion profit made in 2021 in a global shipping environment dominated by astronomical freight rates and severe
Project to establish cruise-led green corridor in Pacific Northwest of North America
The ports of Vancouver and Seattle, City and Borough of Juneau (Alaska), various cruise lines, as well as the Global Maritime Forum, Blue Sky Maritime Coalition, and Washington Maritime Blue have announced a new commitment to explore the feasibility of the world’s first cruise-led green corridor in the Pacific Northwest of North America.The First Mover
Early 2022 Seaway season marked by lower shipments
Canadian Great Lakes ports posted lower overall tonnage shipments during March and April due in part to ice conditions and less available Prairie grain for export. However, road salt, Ontario corn and soybeans, Prairie potash and steel imports were strong performers.Ice conditions in Lake Superior in the early part of the season hampered ship traffic
Massachusetts targets $100 million investment in wind ports
Massachusetts Governor Charlie Baker has committed the state to invest $100 million into the development of three ports to advance the rapid growth of the offshore wind sector.He highlighted the success with the start of the Vineyard Wind project as an incentive to accelerate the development of ports and projects in New Bedford, Salem, and
ILO adopts increased minimum wage for seafarers
Geneva – The minimum monthly basic wage for able seafarers is to be raised, following a resolution agreed by a subcommittee of the Joint Maritime Commission (JMC) of the International Labour Organization (ILO). The meeting agreed to raise the ILO minimum basic wage for an able seafarer to US$658 as of 1 January 2023. The rate will
Canadian ports seen losing out on ecommerce-related shipments from Asia
By Colin Laughlan Vancouver – Canadian ports are losing out on ecommerce-related shipments from Asia because we don’t have the technology to facilitate the required international data exchange. “It’s a big loss,” said an international trade data executive (per photo) speaking at the IAPH’s World Ports Conference which wrapped up yesterday in Vancouver.Vikram Patil, Associate