Tag: Shipping
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Fastway Couriers Faces Deliveries Delays as Receivership Creates Backlog
Background: What is happening with Fastway Couriers The parcel delivery company Fastway Couriers has announced a significant disruption to its usual schedule after its parent company entered receivership earlier this week. In a statement to customers and partners, a company spokesperson indicated that the process to move as many parcels as possible through the network…
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US-China Port Fee War Threatens Global Maritime Trade
Overview: A new front in the US-China trade war The United States and China are expanding a battle that began on land into the high seas. Beginning this week, both countries plan to levy port fees on ocean carriers that move goods ranging from consumer toys to crude oil. The move marks a rare instance…
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Montreal Port Expansion Costs: A $2.3 Billion Challenge
Introduction to Montreal Port Expansion The Port of Montreal is undergoing significant expansion, a project that has now escalated in cost to an estimated $2.3 billion. Initially projected at a lower figure, this increase represents a rise of $700 million compared to previous estimations. This article delves into the complexities of the financial arrangements surrounding…