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ACPA honours Alphonse Bélanger with Medal of Merit Award

by CanadianSailings | Sep 25, 2014 | Corporate events & profiles, Other

Alphonse Bélanger, Executive Vice-President, Quebec Stevedoring Ltd., one of Canada’s leading voices in the shipping industry was honoured by the Association of Canadian Port Authorities (ACPA) with the Medal of Merit award. Mr. Bélanger has worked in the maritime...

Port of Thunder Bay sustains large grain volumes

by CanadianSailings | Sep 25, 2014 | Ocean, Ocean Carriers, Other, Ports and Terminals

Strong grain shipments continue to make waves in the Port of Thunder Bay. Nearly 1.1 million tonnes of Western Canadian grain were shipped through the port in August, tripling the performance during the same month last year. For the fourth consecutive month grain...

News that CSAV is the least profitable boxline overshadows Hapag-Lloyd merger

by CanadianSailings | Sep 25, 2014 | Business and Economy, Corporate events & profiles, Other

By Mike Wackett The scale of the challenge facing Hapag-Lloyd’s management team overseeing the integration of CSAV has been underlined by new research from Alphaliner which shows that the Chilean carrier was the least profitable shipping line in the first half of this...

Port of Montreal innovates in land re-use project

by CanadianSailings | Sep 25, 2014 | Other, Ports and Terminals

Last fall, on the Viau sector work site, the soil encapsulation mobile factory did not pass unnoticed. As high as four containers, it swallowed up the crushed soils and mixed them with cement, to produce a thick, malleable material that was spread on the bottom of the...

CMA CGM mulls its next move after rate hike failure means Q2 profit underwhelms

by CanadianSailings | Sep 25, 2014 | Business and Economy, Ocean Carriers, Other

By Mike Wackett French ocean carrier CMA CGM has posted a modest net profit for the second quarter of the year. Unceremoniously left at the altar by Maersk Line and MSC when the trio’s P3 aspirations were scuttled in June, CMA CGM gave no clues to future alliance...
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  • Freight rate bubble bursts, pushing smaller opportunists our of the transpacific
  • Confidence returns for China’s shippers, despite high costs and falling demand
  • Carriers remain buoyant despite collapse of spot rates and falling demand
  • Maersk confident of contract integrity, as it builds $19 billion M & A war-chest
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