Canadian farmers and exporters could greatly benefit from one of Donald Trump’s latest executive orders.
Tag Archives shipping
Potential benefits from U.S. maritime executive order
Executive order to resurrect U.S. shipbuilding industry could give Canadian agri-food exporters a competitive advantage
Maritime security crucial international trade
BlackRock consortium $23 billion deal gives BlackRock control over 43 ports in 23 countries
A recent Panama Canal deal serves as a snapshot of the importance of maritime security to a free and open trading system that has connected markets from all over the world and that has benefited Canada, the United States and other allies.
Federal government funds Port of Trois-Rivières upgrade
Grain shipping hub to be relocated, rebuilt at St. Lawrence Seaway port
The federal government pledged up to $87.1 million to update the Port of Trois-Rivières, Québec, which is a shipping hub for grains and aluminum.
Use of ammonia as shipping fuel faces challenges
An ammonia bunkering study finds 400 safety risks, while costs are two to four times more than traditional marine fuel
SINGAPORE (Reuters) — At one of the world’s biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another earlier this fall, a key test for its adoption as a marine fuel in the push for cleaner energy. The first cargo ships powered by ammonia are […] Read more
U.S. East Coast dockworkers strike, halting half of U.S. ocean shipping
NEW YORK (Reuters) - Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract broke down over wages. The strike blocks everything from food to automobile shipments across dozens […] Read more
Ships struggle with emissions
LOS ANGELES, Calif. (Reuters) — The ship Alette Maersk has become the first container vessel powered by low-carbon methanol fuel to cross the Pacific Ocean, a milestone in the shipping industry’s effort to reduce its climate impact. However, when the 1,148-foot vessel arrived at the Port of Los Angeles from China late last month, there […] Read more
Maersk to use rail to bypass Panama Canal amid drought
Shipping companies are forced to find alternatives as drought and military conflict affect trade routes around the world
REUTERS — A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water levels continue to cause one of the world’s main maritime trade routes to reduce crossings. The Panama Canal Authority has reduced the amount and weight of vessels passing through […] Read more
Shipping faces rough seas
REUTERS — Recent hostilities in the Red Sea have alarmed global shippers of vital goods but it is not the only issue faced by big carriers as 2024 begins. Giants like Maersk say the industry, which handles 90 percent of global trade, faces the possibility of significant disruptions, from ongoing wars to droughts affecting key […] Read more
Canal drought hits shipping
REUTERS — Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said. The shipping snarl through one of the world’s main maritime trade routes comes […] Read more
Emissions stymie shipping
LONDON, U.K. (Reuters) — The shipping industry lacks clarity on future clean fuels and regulatory systems, which is holding back companies from replacing aging vessels amid pressure to decarbonise faster, a United Nations agency says. Shipping, which transports more than 80 percent of world trade and accounts for nearly three percent of the world’s carbon […] Read more
