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ONE unveils growth strategy investing $20 billion by 2030
Ocean Network Express (ONE), which groups three Japanese carriers, has announced plans to invest $20 billion on new containership and terminal acquisitions over the next eight years. The alliance was established in 2017 by K Line, MOL and NYK. It presently operates some 208 ships with a total capacity of 1.5 million TEUs, ranking it
Seaway’s vital trade role underlined at opening of 2022 navigation season
St-Catharines, Ontario – The St. Lawrence Seaway Management Corporation (SLSMC) today marked the opening of the Seaway’s 64th navigation season. The Canada Steamship Lines’ Trillium Class bulk carrier CSL Welland was the first ship to transit through the Welland Canal. Traffic opened in the Montreal-Lake Ontario section on March 22. While marine industry stakeholders were
World Shipping Council reiterates opposition to proposed U.S shipping reform
The World Shipping Council, which represents global container carriers, has reiterated strong criticism of proposed substantial reform of U.S. shipping legislation, charging it fails to address the root causes of landside congestion that have contributed to shipping logjams at U.S. ports. “Instead of passing legislation that would do nothing to address the nation’s supply chain
On our Forum: A new course for the Arctic after Russian invasion of Ukraine
By Evan T. Bloom* Russia’s invasion of Ukraine has had tremendous impact on international relations globally. While the Arctic has generally been immune from external political pressures, the shocking developments in Ukraine led the seven states other than Russia that are members of the Arctic Council on March 3, 2022 to take the unprecedented step of formally pausing
CP Rail and Teamsters agree to final arbitration
Some 3,000 conductors, engineers, train and yard workers were returning to their jobs as of noon today after Canadian Pacific Railway Limited and the Teamsters Canada Rail Conference (TCRC) announced an agreement in Calgary early Tuesday morning to enter into final binding arbitration. A work stoppage had been in effect since midnight Sunday, causing considerable
U.S. Congresswoman introduces bill to create Great Lakes Authority
An idea that has been explored for several years has now advanced to a legislative initiative in Washington. Representative Darcy Kaptur (D-Ohio). During the March “Great Lakes Week” staged by the Great Lakes Commission, the congresswoman introduced a bill establishing and funding the Great Lakes Authority (GLA). The Great Lakes Authority would serve as a
Climate change could cost $25 billion annually to global ports and shipping industry
A new report reveals that the global shipping and port industry is susceptible to billions of dollars in infrastructure damage and trade disruption from climate change impacts. Authored by RTI International, a nonprofit research institute, for Environmental Defense Fund (EDF), “Act Now or Pay Later: The Costs of Climate Inaction for Ports and Shipping” explores data on
Big comeback for cruises at Port of Montreal
This spring, after two seasons cancelled because of the COVID-19 pandemic, cruises are set to make a great comeback at the Port of Montreal. A total of 46 port visits are scheduled for 2022 between May and September. Depending on each ship’s occupancy rate, this will bring between 40,000 and 50,000 passengers. Good news for