February 21, 2024
Container NewsThe Port of Montreal is delighted by the recent announcement from Transport Canada regarding funding exceeding US$1.9 million through the National Trade Corridors Fund. These grants support two projects aimed at enhancing supply chain efficiency through the utilization of innovative […]
February 20, 2024
FreightWavesThe top three carrier expenses are fuel, maintenance and insurance – things that are crucial to the success of a trucking company but that have seen a drastic uptick in cost the past few years. A new law in New […]
February 20, 2024
Container NewsIn 2023, the Port of Prince Rupert handled 23.5 million tonnes of cargo, translating to a decrease of 5% compared to the volumes recorded in the previous year. According to a statement, this marks the third consecutive year of declining […]
February 20, 2024
Container NewsThrough January, cargo traveling through the San Pedro Bay Port complex and destined for local delivery via truck spent an average of 2.89 days at port terminals, translating to a slight uptick from December’s average of 2.69 days. The January […]
February 19, 2024
Offshore EnergyAs nations around the globe continue to grapple with the effects of climate change, the enormous appetite for oil and natural gas is locking horns with the ever-increasing desire to transition away from fossil fuels and move to low-carbon and […]
February 19, 2024
Container NewsCMB.TECH announces the order of the world’s first ammonia-powered container vessel in partnership with Yara Clean Ammonia, North Sea Container Line and Yara International through a 15-year deal. The vessel, to be named Yara Eyde, is a 1,400 TEU ice-class […]
February 16, 2024
FreightWavesUsing electric trucks for short, repeatable trips to assembly plants is expanding as more OEMs require suppliers to shush the noise and eliminate the diesel exhaust that accompany delivering incoming parts and components. How did inbound logistics become a thing […]
February 15, 2024
Offshore EnergyThe canal authority has earmarked $8.5 billion for capital investments, and a large chunk of that is intended for decarbonization initiatives, outpacing the massive investment made in previous groundbreaking expansion of the waterway. “We plan to embed sustainability into capital […]
February 15, 2024
Tech XploreLast fall’s contentious United Auto Workers’ strike changed Ford’s relationship with the union to the point where it will “think carefully” about where it builds future vehicles, Ford’s top executive said Thursday. CEO Jim Farley told the Wolfe Research Global […]
February 14, 2024
Tech XploreGeneral Motors is adding about 350,000 miles (563,000 kilometers) of roadways in the U.S and Canada to the area where drivers can use the company’s “Super Cruise” partially automated driving system. The expansion nearly doubles the road miles where the […]
February 14, 2024
Container NewsContainer volumes from ten major Asian countries to the United States reached 1.65 million TEUs in January, marking a 15.6% increase compared to the previous year, while overall US imports amounted to 2.27 million TEUs, showing a 9.9% year-on-year growth. […]
February 13, 2024
FreightWavesThe owner of an Ohio trucking company pleaded guilty in federal court to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores. The fraud cost […]
February 13, 2024
FreightWavesIn 2020, 2021 and 2022, it seemed like every day brought an announcement of a new merger or acquisition. That made sense given that it was insanely cheap to get capital and there was more than enough to go around. […]
February 12, 2024
Offshore EnergyAccording to Reach Subsea, Northern Maria is a versatile survey vessel with a 20-ton crane and sufficient accommodation and deck capacity, suitable to meet client requirements within both the renewable energy and oil & gas sectors and is an important […]
February 12, 2024
Intelligent TransportThe U.S. Department of Transportation‘s (USDOT) Federal Transit Administration (FTA) has unveiled a historic investment of approximately $1.5 billion to revitalise U.S. transit vehicle manufacturing, particularly focusing on zero-emission buses, bus facility development and workforce enhancement. This funding, made possible […]
February 9, 2024
Splash 247AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the global average temperature increase at 1.5C above pre-industrial levels. The Danish shipping and logistics group has […]
February 9, 2024
Container NewsDuring the sixth week, the Marine Bunker Exchange (MABUX) global bunker indices experienced a modest decline. The 380 HSFO index dropped by US$8.74 to US$507.44/MT, edging closer to the US$500 threshold. Similarly, the VLSFO index decreased by US$10 with a […]
February 8, 2024
Splash 247Insurer Swiss Re has come up with a chart to highlight the dramatic changes to the world seaborne map in recent years as shipping faces disruption in the Red and Black Seas as well as the Panama Canal and multiple […]
February 8, 2024
Hellenic Shipping NewsThe global economy is heading towards monetary easing, expected to arrive in the following months. This could trigger a rebound in trade growth dynamics and demand across the board. In its latest weekly report, shipbroker Xclusiv said that “despite record […]
February 7, 2024
FreightWavesNew data from Lloyd’s List Intelligence shows an acceleration of tankers diverting away from the Red Sea. Since Jan. 12, when the first of three U.S.-led military strikes began on Houthi land targets, more than 106 tankers have changed routes […]