After raising tolls one month ago, the Suez Canal Authority has announced another toll increase effective March 1, 2022. According to circulars by the canal authority, the levy decision was “in line with the significant growth in global trade, the improvement of ships’ economics, the Suez Canal waterway development and the enhancement of the transit
Imports of cement, steel, sugar and salt moving through the Port of Toronto and directly into the heart of Canada’s largest city in 2021 surpassed 2.2 million metric tonnes for the 5th consecutive year. Bypassing trade gateways disrupted by the pandemic, Great Lakes – St. Lawrence Seaway shipping routes remained reliable and congestion free, reinforcing
Global commodity trading patterns are set for their greatest upheaval in decades following today’s full-scale invasion of Ukraine by Russia, reports Sam Chambers on the Splash247 news platform. Russian president Vladimir Putin sent troops into four different regions of Ukraine this morning in an attack that is the largest seen on European soil since the
Prince Rupert, BC – DP World and the Prince Rupert Port Authority have entered into a two-year agreement to assess the feasibility of an innovative new container terminal project in Prince Rupert. The potential project would add up to 2 million twenty-foot equivalent units (TEUs) of annual capacity to the Port of Prince Rupert, significantly
The U.S. government today held its first offshore wind lease sale with a view to auctioning a record of more than 480,000 acres offshore New York and New Jersey. The auction allows offshore wind developers to bid on six lease areas, the most areas ever offered in a single auction, in an area known as
U.S. Transportation Secretary Pete Buttigieg today announced some $450 million in grants for port-related projects to bolster capacity and mitigate supply chain congestion. The funding will flow from the recently adopted $1 trillion Bipartisan Infrastructure Law. “We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more efficiently
The huge car carrier Felicity Ace was en route to Rhode Island when it caught fire in the Atlantic on February 16 and its crew abandoned ship with the help of the Portuguese Navy. Since then, it’s been drifting off the Azores, a smouldering sight and global marine curiosity full of luxury Volkswagen Group automobiles,
Leading tanker operator Euronav has instructed all of its captains to adhere to voluntary whale-protection measures in three critical habitat areas: the Canadian East Coast, the California coast and the Hellenic Trench. The Antwerp-based carrier has teamed up with the Great Whale Conservancy (GWC), an environmental non-profit organization dedicated to the protection of great whales.