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Drewry’s sees soaring container rates continuing
Drewry’s today reported that its World Composite Index (WCI) increasedby 4% or $344 to reach $9,330.28 per 40ft container – which is 368% higher than the same week in 2020.The UK-based shipping consultancy expects rates to increase further in the coming weeks. The average composite index of the WCI, assessed by Drewry for year-to-date,
Canadian fertiliser giant and Exmar team on ammonia-fuelled vessel
SASKATOON, Saskatchewan- Nutrien and EXMAR announced today that they have signed a Collaboration Agreement to jointly develop and build a low-carbon, ammonia-fueled vessel. Partners for over three decades in transporting ammonia globally, Nutrien is one of the world’s largest producers of low-carbon ammonia and EXMAR is a leading player and innovator in the transportation
BIMCO/ICS report warns of serious officers shortage by 2026
Launched today, the new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping warns that the industry must significantly increase training and recruitment levels if it is to avoid a serious shortage in the total supply of officers by 2026. Given the growing demand for STCW certified officers, the Report predicts that
Port of Montreal participating in collective effort to vaccinate seafarers
The Montreal Port Authority (MPA) team is pleased to participate in the collective effort to make it easier for seafarers of all nationalities who call at the Port of Montreal to be vaccinated, an initiative led by the Mariners’ House of Montreal and the National Seafarers’ Welfare Board. In recent weeks, more than 100
Halifax container cargo surging
The Port of Halifax has reported a strong recent increase in container traffic as a result of continued strength in inbound cargo from Asia which started in the second half of last year and increased flows with Europe. Containerized throughput for Q2 2021 amounted to 156,378 TEUs versus the year earlier 107,888 TEUs. “Positive
Oceana Canada calls for stronger ban on single-use plastics
TORONTO, ON – During Plastic Free July, Oceana Canada is calling on the federal government to put in place a stronger ban on harmful single-use plastics that goes beyond the proposed six items, so Canadians are no longer forced to participate in the growing global plastic disaster that is flooding our oceans and killing marine
DP World and Rosatom sign agreement for Northern Transit Corridor
On July 23, at the Arctic Day, which took place in St. Petersburg (Russia), a Cooperation Agreement was signed between ROSATOM and DP World Corporation. The document was signed by ROSATOM Director General Alexey Likhachev and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. ROSATOM seeking to develop its logistics business and
Marine Atlantic chartering Ro-Pax vessel from Stena North Sea
St. John’s, NL – Following a competitive procurement process, open to domestic and international bidders that was overseen by an independent fairness monitor, Marine Atlantic announced that the Corporation has entered into a 5-year charter agreement with Stena North Sea Ltd. to supply a new Ro-Pax vessel for the fleet. Following the five-year charter agreement,