Canada and USA – Transpacific Eastbound GRI and PSS Oct. 16 Update

Please be advised that the October 15, 2019, General Rate Increase (GRI), applicable on the Asia & Indian Sub-Continent (ISC) to Canada & USA trade lanes, and announced at levels of USD 1000 per 40′ container, will be implemented at mitigated levels. Updated rates taking the above measure into account will be published as soon…

Upcoming IMO 2020 Low Sulfur Regulation

Beginning January 1, 2020, the new International Maritime Organization (IMO) 2020 Low Sulfur Regulation will be in effect – at which time all sea-going vessels worldwide will have to comply and reduce their sulfur emissions by 85%. To comply with the Regulation, sulfur in fuel oil must be reduced from 3.50% to 0.50%, in addition…

Canada and USA – Transpacific Eastbound GRI and PSS July 31 Update

Please be advised that the August 1, 2019, General Rate Increase (GRI), applicable on the Asia & Indian Sub-Continent (ISC) to Canada & USA trade lanes, and announced at levels of USD 1000 per 40′ container, will be implemented at mitigated levels, while the proposed Peak Season Surcharge (PSS) has been postponed to August 15,…

Chittagong Port Update – July 19, 2019

Please be advised that severe weather has affected operations in and around the Port of Chittagong in Bangladesh. Even though weather conditions have improved slightly, lower productivity caused by the heavy rainfall in the past several days has impacted feeder vessel berthing schedules, which in turn is impacting mother vessel connections at major transshipment hubs…

New container terminal coming to the Port of Quebec

The Quebec Port Authority recently announced the signing of a long-term partnership with Hutchinson Ports and Canadian National Railway (CN) to build and operate a new terminal. Known as Laurentia, the new $775 million project is expected to have the most environmentally and technologically advanced cargo-handling facility in North America. It will be a terminal…

IMO announces tougher sulfur emissions restrictions

The International Maritime Organization (IMO) has announced tougher ship rules on sulfur emissions. The rules will come into effect on January 1, 2020.  Beginning in 2020, the sulfur content in fuel cannot exceed 0.5%, down from the current 3.5%. Only ships with sulfur-cleaning devices called scrubbers will be permitted to continue to burn high-sulfur fuel. The…