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Michipicoten first vessel at Thunder Bay for 2022 navigation season

Two domestic “Lakers” arrived in the early morning hours Wednesday, March 30, marking the official opening of the navigation season in the Port of Thunder Bay.  MV Michipicoten came abeam of the light marking the Mission Bay entrance to the Port at 04:31 a.m. local time.  MV Captain Henry Jackman crossed the North entrance at

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IMF underscores impact of soaring shipping costs and Ukraine war on inflation

The latest blog post of the International Monetary Fund indicates that the cost of shipping a container on the world’s transoceanic trade routes has increased seven-fold in the 18 months following March 2020. Entitled How Soaring Shipping Costs Raise Prices Around the World, the analysis predates the war in Ukraine but isn’t isolated from it –

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UNCTAD downgrades global growth forecasts due to Ukraine conflict

United Nations Conference on Trade and Development (UNCTAD) warned today that global economic growth will fall to 2.6% from 3.6% for 2022 due to the Ukraine war. In addition, it indicated that developing countries will need US$310 billion to meet their external public debt service requirements this year. These dire forecasts were contained in update

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Coast Guard icebreaker leaves Davie drydock 

Lévis, QC – Davie Shipbuilding announced that CCGS Vincent Massey has floated out of the Champlain drydock, representing another major milestone towards the commissioning of this medium class icebreaker (MIB) by Davie for the Canadian Coast Guard (CCG). The final phase of the conversion work on CCGS Vincent Massey will be completed whilst alongside Davie’s Murphy’s Quay.  Expected

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V. Group and marine transport unions coordinate evacuation of seafarers from Odessa 

A number of maritime industry players have come together to coordinate the evacuation from Odessa of Ukrainian seafarers and their families. The biggest Ukrainian port/city has, so far, remained free of Russian occupation. The group – the International Transport Workers’ Federation (ITF), the Marine Transport Workers’ Trade Union of Ukraine (MTWTU) and global ship manager

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Port of Vancouver posts 2021 record container, foreign bulk cargo

Despite the ongoing pandemic and global supply chain challenges, as well as extreme weather events in B.C., 2021 cargo volumes through the Port of Vancouver increased by 1% from 145 to 146 million metric tonnes (MMT) over 2020. “Vancouver’s port community met challenge after challenge in 2021—sometimes working around the clock—to keep the port connected to

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