by Canadian Sailings Admin | Oct 2, 2022 | Other Stories, Supply Chain and Logistics
The Covid freight rate bubble has burst, and the absence of “easy money” is forcing smaller carriers and forwarders to quit the transpacific trade. According to Richie Lin, logistics consultant director at Team Global Logistics, the inflated freight rates of 2020 and...
by Canadian Sailings Admin | Oct 2, 2022 | Other Stories, Supply Chain and Logistics
High freight costs, slow logistical deliveries and falling demand are the major problems revealed in a China Council for the Promotion of International Trade (CCPIT) survey of 500 Chinese companies. At a recent CCPIT’s briefing, China Chamber of International Commerce...
by Canadian Sailings Admin | Oct 2, 2022 | Mike Wackett, Other Stories
Container spot rates from China to Middle East and intra-Asia routes are reported to have “collapsed” by mid-August, with prices to Europe and the US coming under intense pressure. Nevertheless, two ocean carriers remain bullish on maintaining profitability, as the...
by Canadian Sailings Admin | Oct 2, 2022 | Mike Wackett, Other Stories
Maersk CEO Soren Skou told investors on August 3 he remained “confident” about the shipping line’s contracted customers sticking with their agreements, despite a backdrop of softer demand and container spot rates declining. He said his confidence in the integrity of...
by Canadian Sailings Admin | Oct 2, 2022 | Other Stories, Rail
Hapag-Lloyd is to begin installing new real-time tracking and telemetry devices across its fleet of standard containers at the end of August. This will entail investment of around $250 million across the shipping line’s 1.6 million boxes. While many reefer containers...
by Canadian Sailings Admin | Oct 2, 2022 | Other Stories, Rail
Amid broad relief that a crippling strike had been averted at the eleventh hour, US Class I railways moved to ramp up their operations again. For now, industrial action is off the cards, but it is not clear if labour groups may decide to call a strike owing to...
by Canadian Sailings Admin | Oct 2, 2022 | Ports and Terminals, Top Stories
Ensuring the movement of Canada’s trade in the face of exceptional supply chain and extreme weather disruptions has been a collaborative effort at the Port of Vancouver. Over the past year, the port workforce and wider port community have worked tirelessly to keep...
by Canadian Sailings Admin | Oct 2, 2022 | Alex Binkley, Featured
The traffic mix on the St. Lawrence Seaway and Great Lakes was long considered to be dominated by a staple regime of outbound grain and inbound iron ore. However, in recent years breakbulk and project cargo has shown steady growth as ports from Thunder Bay to...
by Canadian Sailings Admin | Oct 2, 2022 | Featured, Theo van de Kletersteeg
Liquefied Natural Gas (LNG) is about to become a “big thing” for Canada’s West Coast, and, perhaps later, for Canada’s East Coast, with one B.C. export terminal being readied for operation in 2025. A new industry will soon be born in Canada. The question is: will more...
by Canadian Sailings Admin | Oct 2, 2022 | Brian Dunn, Featured
Whenever you walk into a federal government Canadian Corps of Commissionaires was formed in 1925 with the opening of offices in in Montreal, Toronto and Vancouver. A national organization was created by 1950 and today Commissionaires employs over 23,000 people with...
by Canadian Sailings Admin | Oct 2, 2022 | Alex Binkley, Featured
The Association of Canadian Port Authorities held its first in person Annual Conference in two years this summer with a program focused on what the future might bring and how to prepare for it. Sponsored by Hamilton-Oshawa Port Authority and Port of Windsor, it...
by Canadian Sailings Admin | Oct 2, 2022 | Brian Dunn, Featured
Moving to a new city for work can be daunting, especially when family is involved. But for Chris Hall, appointed President and CEO of the Shipping Federation of Canada on February 14, replacing Michael Broad who retired after 18 years at the helm, it was an easy...
