Netflix officially announced the end of its DVD rental service, marking the conclusion of its 25-year journey as a DVD lending company. On Friday, September 29, the multibillion-dollar streaming service shipped its final DVD. Earlier this year, Netflix had informed the public and its customers that it would cease disc shipments by the end of …
A.P. Moller-Maersk, one of the largest container shippers globally with a market share of around 17%, is often regarded as an indicator of global trade trends. Andia | UIG via Getty Images Copenhagen, DENMARK — Shipping behemoth Maersk proudly unveiled its inaugural container vessel powered by green methanol, marking a significant milestone for one of …
If you think that drought in the Panama Canal region doesn’t affect you, think again. According to CBS News, the lakes that supply water to the canal system are nearing their lowest levels due to an unusually dry season. This is causing disruptions in the canal’s traffic capacity, which handles 40% of US container …
A foreign shipping company, Zeaborn Ship Management, has been fined $2 million by US officials for illegally dumping oily bilge water off the coast of California. This water is described as a mixture of filthy water, lubricants, grease, cleaning fluids, and other contaminants. The company discharged over 7,500 gallons of water without processing it through …
A ship gracefully maneuvers through the Panama Canal near the Americas’ Bridge in Panama City on the picturesque date of June 12, 2023. As we bask in this beautiful scenery, it’s important to acknowledge that climate change is wreaking havoc on the world’s major shipping routes. And unfortunately, the impending El Niño phenomenon could make …
Shipping containers are being loaded onto rail cars at the Global Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Images Members of the International Longshore and Warehouse Union (ILWU) of Canada have voted to ratify the second tentative agreement with West Coast port ownership, bringing …
Shipping containers are loaded onto rail cars at the Global Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Images Weekly rail trade data from the Association of American Railroads reveals the significant negative impact of the Canadian West Coast ports strike on freight rail cargo …
Delegates from the International Maritime Organization (IMO) are currently convening in London for preliminary discussions on how to implement a new strategy to combat greenhouse gas emissions. The goal is to reduce pollution from ocean-going vessels and establish climate targets. The success of the upcoming summit will depend on the pace at which reductions are …
A provision in a Coast Guard funding bill could pose a threat to President Joe Biden’s offshore wind energy agenda, according to industry representatives, allies in Congress, and environmentalists. President Biden aims to increase the U.S. offshore wind industry’s capacity to generate 30 gigawatts of electricity by 2030, enough to power 10 million homes. The …
Canada’s two biggest railways are fighting against a new rail shipping rule in Ottawa’s federal budget bill over concerns that it will increase expenses and congestion. The legislation proposes to expand what is known as “extended interswitching” to 160 kilometers from 30 kilometers in three Prairie provinces for an 18-month period to promote competition and …