Banner
Banner
Banner
Banner
Banner
E-mail


Global dry bulk shipping market
seen growing steadily

2017-06-05

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

The outlook for global dry bulk shipping remains positive given the shrinking supply-demand gap, according to the latest edition of the Dry Bulk Forecaster published by London-based shipping consultancy Drewry.

With high demolition activity and low deliveries the fleet is expected to grow at a slow annual rate of 1% over the next five years, while tonne mile demand will grow at a faster pace of around 3% per annum. As supply and demand becomes more balanced over the forecast years, charter rates are expected to improve gradually.

Drewry has also researched and flagged the impact of renewables on the dry bulk trade, as this has the potential to reverse charter rates, and has built two scenarios based on current trade developments.

The Chinese government's stimulus package in 2015 supported steel production last year and is likely to aid the steel industry over the next two years. The relative cheapness of imported coal (cfr) over domestic coal makes room for increased coal imports, supporting the rally in rates for the rest of the year.

However, Drewry says the declining cost of producing energy from renewable sources and the general acceptance that COP21 may reduce the use of coal as a major energy source is a threat to the dry bulk shipping trade. Although the share of renewables in total energy production is quite low for most major economies, any shift away from coal could hamper the dry bulk trade over the medium term (1-3 years).

Read more...
 
E-mail


Railway to Churchill
closed indefinitely

2017-06-12

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

OmniTRAX announced that, due to severe flooding and washout conditions, service on the Hudson Bay Railway (HBR) from Amery (28.9 rail miles north east of Gillam, MB) to the port-city of Churchill in northern Manitoba has been suspended indefinitely and is not expected to resume operations before the winter season.

A preliminary assessment by an independent Engineering firm, indicates that the track bed has been washed away in 19 locations. Five bridges are visibly damaged and an additional 30 bridges and 600 culverts, structures that allow water to pass under the track, will need to be further assessed for structural integrity.

"The damage is unprecedented and catastrophic," said Peter Touesnard, _Chief Commercial Officer at OmniTRAX. "While the Hudson Bay Railway requires significant seasonal maintenance, the extent of the damage created by flooding this year is by far the worst we have ever seen. The water receded to near normal levels only yesterday, and we hope to have engineers on the ground as soon as possible to conduct a thorough assessment. It will be several weeks before we have a final report of the damage to the line, but we do not expect to be operational before the winter, and are concerned that the future of the track is in jeopardy."

Read more...
 
E-mail


First ship calls at new
Montreal cruise terminal

2017-06-12

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

The Montreal Port Authority (MPA) celebrated on June 10th the arrival of the MS Maasdam, the first ship to dock at the Port of Montreal's new cruise terminal. Alongside Verdun MNA Isabelle Melançon, representing the Government of Quebec, and Mayor of Montreal Denis Coderre, MPA President and CEO Sylvie Vachon and VIP guests welcomed the cruise ship's captain and passengers.

"We are very proud to have successfully completed this important project that represents a milestone in the Port of Montreal's modern history. Now fully up and running, this new terminal bolsters the city's international positioning by offering an efficient, friendly and prestigious welcome to cruise passengers from all over the world, and all just in time to celebrate its 375th anniversary!" said Ms. Vachon,

The works related to revitalizing Alexandra Pier will be completed in September 2017. The project was made possible through the financial contribution of the Government of Quebec ($20 million) and the City of Montreal ($15 million). For its part, the Montreal Port Authority invested $43 million, bringing the total investment to $78 million.

Read more...
 
E-mail


Federal government announces
review of Canada's Pilotage Act

2017-06-02

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

Catherine McKenna, Minister of Environment and Climate Change Canada, has announced a review of the Pilotage Act, one of five initiatives within the context of the Liberal government's Oceans Protection Plan.

In Toronto on May 31, Minister McKenna launched a review of the Pilotage Act -the legislative and regulatory framework enacted in 1972 that ensures experienced marine pilots navigate ships safely through select waters in Canada. The Review will be chaired by Marc Grégoire, who is a former Commissioner of the Canadian Coast Guard and former Assistant Deputy Minister of Safety and Security at Transport Canada. Under Mr. Grégoire's leadership, the Review will focus on topics such as tariffs, service delivery, governance, and dispute resolution.

Commenting on the announcement, Fulvio Fracassi, CEO of the Laurentian Pilotage Authority (one of Canada's four pilotage authorities), said he believed that the areas identified for review "will assist in developing recommendations to improve and modernize" the pilotage legislation.

"Marine pilotage in Canada has a success rate of over 99%, providing Canadians with the assurance that ships in their waters are travelling safely to and from their destinations," noted Minister McKenna. "Under the Ocean's Protection Plan, this Pilotage Act Review is a commitment to ensuring Canada has the modern legislation and regulations needed to inspire this confidence."

Read more...
 
E-mail


Economic value of commercial
marine shipping in Canada
pegged at $30 billion

2017-05-31

McKeil Marine's Evans Spirit  won the International Bulk Journal's 2016 Ship of the Year Award during the IBJ's Salute to Excellence in the Maritime Bulk Industry gala awards ceremony in London, UK on November 21.
"It's a fantastic way to closeout our 60th anniversary year: having a vessel named after our founder, Evans McKeil, win this prestigious international award," said Steve Fletcher, President and CEO of McKeil Marine.
Acquired by McKeil in 2015, the Evans Spirit is a cargo ship with the shallow draught characters of a tug and barge; however, compared to a tug-and-barge unit, she can transport approximately 40 per cent more cargo about 50 per cent faster on a very similar amount of fuel.  She is in service throughout the Great Lakes and St. Lawrence River.
Evans Spirit was shortlisted for 2016 Ship of the Year competing with three other vessels: CS Bright, Mitsui OSK Lines, Japan;  Damen Shipyards, Netherlands; and MN Baroque, Swiss Marine, Switzerland. The award is presented to the owner, operator or builder of an outstanding individual bulk ship. Judged on operational efficiency, design innovation, safety and environmental protection, the Evans Spirit was selected as winner. (Photo Paul Beesley).

A new report, The Value of Commercial Marine Shipping to Canada, released by the Council of Canadian Academies (CCA), estimates the national economic value of commercial marine shipping at approximately $30 billion, significantly higher than traditional economic impact measurements. The CCA report is the first study of its kind to examine "value" as including cultural, environmental, and security dimensions in addition to economic measures.

"Traditional economic impact studies measure the direct and spinoff impacts of the industry but do not capture the overall value of marine shipping in facilitating international trade throughout the economy," said Dr. Mary R. Brooks, Chair of the Expert Panel and Professor Emerita at Dalhousie University. "When assessed from a broader social value perspective, the net overall value of marine shipping to Canada is positive and sizeable."

Historically, the economic impact of the Canadian commercial marine shipping industry has been measured by GDP, and in 2016 was estimated at $3 billion. However, conventional measurement of GDP fails to capture the role that marine shipping plays in enabling specialized production and efficient trade patterns.

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 114
Banner
Banner
Banner
Banner
Banner