By Todd Woody Mar 29 (Bloomberg) -International regulators on Friday condemned a seabed mining company’s move to circumvent their authority by seeking the Trump administration’s approval to extract critical minerals from untouched ocean ecosystems. The Metals Company (TMC) on Thursday said it had initiated a process to obtain a US government license to mine metals used in green technologies from a region…
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are finally beginning to pull capacity from the trade. Yesterday, MSC announced six transpacific sailings to be blanked, starting with next week’s sailing on theChinook service that links the Far East with Prince Rupert, Vancouver, and Seattle/Tacoma, operated with eight vessels…
Significant container dwell at Halifax, Vancouver Delays are hampering intermodal operations at several container ports in North America as weather and rail woes hit gateways on both coasts, according to a DHL port update for March. On the east coast, Canada’s Port of Halifax is seeing significant vessel delays due to harsh North Atlantic weather…
Chronic bottlenecks at Canada’s Vancouver Port have seen the Ocean Alliance split its Pacific North-west 3-Asia North-west Persian Gulf (ANP) service into two routes to reduce delays. The Middle East part of the service will be a solo Asia-Persian Gulf loop, branded APG by Evergreen, China India Middle East Express 6 (CIMEX 6) by CMA…
The Port of Vancouver in British Columbia, Canada, saw booming liquid bulk exports in 2024, with volumes skyrocketing 203% to reach 17.1 million metric tonnes (MMT), driven primarily by the expanded Trans Mountain pipeline operations. The dramatic increase was largely attributed to the Trans Mountain pipeline and Westridge terminal expansion, which began operations in May…
The US government may have suspended tariffs on imports from Canada and Mexico after two days, but the trucking industry is already feeling the pain. Orders for new trucks have slumped amid signals that the sector’s nascent recovery may be stalling. Last Tuesday, when tariffs kicked in, before their suspension on Thursday, trucker organisations on…
US president Donald Trump has continued his tariff onslaught, and shippers have been warned that sourcing alternatives “do not necessarily exist”. On 4 February, President Trump promised 25% tariffs on goods from Canada and Mexico, which, he explained, was to curb illegal immigration and fentanyl smuggling. After Mr Trump claimed to have agreed concessions from…
By Jeff Mason, Doina Chiacu and Andrea Shalal WASHINGTON, Feb 27 (Reuters) – U.S. President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect March 4 along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the U.S. from those countries. Trump told reporters in the Oval…
By David Lawder, Andrea Shalal WASHINGTON, Feb 26 (Reuters) – U.S. President Donald Trump on Wednesday raised hopes for another pause on steep new tariffs on imports from Mexico and Canada by saying they would take effect on April 2, about a month later than a deadline next week. A White House official, however, said the March 4 deadline for the tariffs on Mexican and…
Congestion at Canada’s west coast gateway of Vancouver is set to worsen in the coming weeks due to combination of restricted access to inland rail inks and deteriorating liner schedule reliability as the alliance reshuffle continues. German carrier Hapag-Lloyd told customers yesterday: “Both CPKC Rail and CN Rail have implemented tiered operating restrictions in response…
