Global goods trade is projected to post a 2.7% increase in 2024, up slightly from the previous estimate of 2.6%, economists at the World Trade Organization said in an updated forecast. The volume of world merchandise trade is likely to increase by 3.0% in 2025; however, rising geopolitical tensions – notably in the Middle East […]
Global trade forecast by WTO to increase 3% in 2025 Read More »
BIMCO’s Documentary Committee has adopted the AUTOSHIPMAN agreement in response to a growing number of remotely controlled ships. The AUTOSHIPMAN agreement provides a standard contractual foundation for third-party ship managers to deliver services for the operation of remotely controlled or fully autonomous ships. Remotely controlled ships are currently used primarily in inland waterways and coastal
BIMCO approves first management agreement for autonomous ships Read More »
The St. Lawrence Seaway today announced its September performance figures, with 23.6 million mt (metric tons) of cargo shipped since the beginning of the navigation season. While overall tonnage is slightly down compared to the previous year, specific commodities demonstrate positive trends that underscore the Seaway’s vital role in North American supply chains, with indications
Growth continues in key commodities on St. Lawrence Seaway Read More »
LOGISTEC, a leading North American marine and environmental services provider, announces the appointment of Cleidy Liborio Fernandes as Chief Commercial Officer. Ms. Liborio Fernandes brings her leadership skills in international business and strategic development to drive growth for the company’s marine services sector throughout North America, Latin America and internationally. “As a transformational leader with in-depth supply chain knowledge and solid experience
The International Chamber of Shipping (ICS) has welcomed further progress achieved last week on developing a base text for amendments to the MARPOL Convention, to help ensure delivery of the International Maritime Organization’s (IMO) goal for international shipping to deliver net-zero greenhouse gas (GHG) emissions by or close to 2050. However, much more work still
ICS welcomes progress on MARPOL amendments Read More »
Firing another shot across the bow of maritime employers short of a general strike amidst deadlocked negotiations, the union representing 1,200 longshoremen at the Port of Montreal announced today that the port workers will refuse to work overtime as of 7 a.m. Thursday for an indefinite period. The new pressure tactic comes on the heels
Montreal dockers refusing to work overtime as of Thursday Read More »
Vancouver – As Canada transitions towards a net-zero future, a new poll by the Angus Reid Institute and Clear Seas reveals a growing willingness among Canadians to support sustainable shipping practices. A significant majority of Canadians (64%) indicate they are willing to pay a premium on imported goods to offset carbon emissions associated with shipping.
Poll indicates large majority of Canadians support green shipping Read More »
By Michael Grey* You have to hand it to the Houthis, for their ability, with limited resources, to cause an extraordinary amount of trouble in the world. From financial crises in Egypt, with the Suez Canal now working part-time, to weather-induced casualties on shipping diverted around the Cape, it is all down to their malevolent
On our forum: Anarchy the new normal Read More »
By Yoan Marier* The consequences of a marine accident are not just felt in the moment that the disaster strikes or the harrowing ones that quickly follow. They are also felt in the next days, months, years, and, sometimes, decades. We have seen this in the case of the loss of containers overboard and fire
On our forum: Canada insufficiently prepared to respond to marine emergencies Read More »
According to the latest report from Clarksons, the world’s largest shipbroker, trade from the Far East to a bloc of emerging economies – notably South America, Africa, the Middle East and Indian Subcontinent – has increased dramatically to become a key driver of global container shipping. The report indicated that trade between the Far East
Emerging markets spur global container trade Read More »