Maritime’s Green Transition Reaches Tipping Point as Fleet Readiness Outpaces Fuel Supply
The maritime industry is entering a critical new phase in its energy transition, with fleet readiness for alternative fuels surging ahead of actual supply infrastructure, according to DNV’s latest Maritime Forecast to 2050 report.
CMA CGM Rules Out Surcharge Ahead of U.S. Fees on Chinese Tonnage
France’s CMA CGM, the world’s third-largest containerline, has told clients it is fully prepared for next month’s hiked port fees in the U.S. for Chinese-linked tonnage, and that it does not envisage implementing surcharges because of the new ruling.
Maritime Employers Association Provides Update on Port of Montreal Arbitration Proceedings
The Maritime Employers Association (MEA) provided the following update to CIFFA on September 10.
Turkey Bars Ships with Ties to Israel and Suspends All Trade
The Turkish government has reportedly taken steps to suspend trade with Israel and stop the movement of ships between the two countries, as well as possibly international shipping with an Israeli connection. The full extent of the moves is unclear pending official government statements, but it comes after the Houthis made it clear they were […]
Hurricane Erin Creates Risk for Shipping off U.S. East Coast
The outer bands of Hurricane Erin have reached the coastal waters of the mid-Atlantic states, bringing risks to shipping and to the general public in beachfront communities.
Air Canada Cargo Relief Schedule Continues to Operate During Recovery Period
Air Canada and Air Canada Rouge have resumed flights, and anticipate that it will take several days before activities return to normal. While flight operations are progressively resuming, temporary cancellations and adjustments may still occur as the program stabilizes.
Container Rates Stabilize After Tariff-Driven Volatility as Market Braces for Second-Half Contraction
Drewry’s World Container Index decreased 3% to $2,350 per 40ft container last week, marking the ninth consecutive week of decline as the market continues to stabilize following months of extreme volatility.
Port of Montreal Water Level Update
In an update provided on August 15, the Port of Montreal said that, due to low precipitation since early July, a downward trend in water levels is continuing. This is a significant concern for the port.
Air Canada Union Says Flight Attendants Will Continue Strike, Defy Government
Air Canada flight attendants said on Sunday they will remain on strike and spurn a government return-to-work order they called unconstitutional.
Prime Minister Discusses Trade Issues and Projects at Port of Vancouver
Prime Minister Mark Carney on Sunday toured the Port of Vancouver and met with B.C. Premier David Eby.