Insights and Stories on Bulk

Sep. 29, 2021 at 4:16 pm CDT

Reuters — Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the U.S., from investment firm Oaktree Capital Management. While no valuation was given in the announcement, the deal values Ports America at over US$4 […]

By David French, Sohini Podder

Mar. 30, 2021 at 8:00 pm CDT

MarketsFarm — The 2021 navigation season is officially underway at the Port of Thunder Bay, as the tugboat Sharon M1 and barge Huron Spirit arrived late Friday. The tug-barge combo discharged a calcium chloride brine solution, used as a stabilizer and dust suppressant. The same combo also opened the season […]

By MarketsFarm Team

Mar. 17, 2021 at 1:57 am CDT

MarketsFarm — Ocean freight rates have moved steadily higher over the past month, nearing some of their highest levels of the past year. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher most of the past month, settling above 2,000 points for the first time […]

By Phil Franz-Warkentin

Aug. 11, 2020 at 3:09 am CDT

Bulk grain traffic through the Port of Montreal isn’t expected to be affected by a longshoremen’s strike that began Monday morning, but eastbound containerized crops may be among the traffic put on hold. CUPE’s Syndicat des debardeurs Local 375, which represents about 1,150 longshoremen and longshorewomen at the port, served […]

By Dave Bedard