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  The full-year traffic results of the Port of Halifax announced today show a decline in container cargo and robust activity in the cruise sector. Total 2023 cargo volume was 9.86 million tonnes. “We welcomed more than 100 Ultra-Class vessels, and saw a return in cruise visits, but like other Canadian ports and ports around […]

  Global growth, estimated at 3.2 percent in 2023, is projected to continue at the same pace in 2024 and 2025, said Pierre-Olivier Gourinchas’ IMF’s chief economist in a press briefing in Washington. “This represents a 0.3 percentage point upgrade from our October projections for 2024, with stronger activity than expected in the U.S., China,

  Montreal – Eureka Shipping, a leading provider of sustainable, high-efficiency cement carrier services jointly owned by SMT Shipping and The CSL Group, has announced the construction of a state-of-art mechanical/pneumatic cement ship destined for operation in the Great Lakes. The cutting-edge vessel with a deadweight of 12,500 metric tonnes, is designed to replace two

  Hong Kong – Seaspan Corporation, the leading independent maritime asset owner and operator, and Hapag-Lloyd, one of the largest container shipping lines in the world, have entered into a partnership agreement to retrofit and convert five (5) 10,000 TEU containerships powered by conventional S90 engines to dual-fuel engines capable of running on methanol.  Following

  While most American ports have decarbonization plans in place, a new report shows there are significant challenges to advancing emission-reduction projects, including financial constraints, low technology readiness and physical space limitations.Those are some of the key takeaways from a new joint publication between ABS and the American Association of Port Authorities (AAPA), Port Decarbonization Survey:

  Quebec City – Verreault Shipyard, a related company of Ocean Group, has announced the return of Fednav, an international shipowner, to its Les Méchins shipyard. Fednav’s MV Umiak I, a bulk carrier specially built for Vale Base Metals, began its regulatory dry dock on April 12, 2024. With the acquisition of the Verreault shipyard

  The Minister of Transport, Pablo Rodriguez, today announced that the value of monetary penalties for violations under the Canada Shipping Act, 2001 has been increased from a maximum of $25,000 to a new maximum of $250,000. The revised penalties are structured into three levels: minor, medium, and serious and reflect the seriousness of the violation. Minor violations are administrative in nature

  Vancouver – Global industry leaders from North America, Asia and Europe announced today the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia. The NPGCC will apply its collective expertise to develop a corridor for

  Quebec City – Ocean Group is adding the Verreault shipyard, located in Les Méchins in the Lower St. Lawrence region, to its participation in Green Marine, the leading voluntary environmental certification program for the maritime industry. The shipyard is the fourth Ocean Group affiliated company to join the program. Ocean Group Towing and Marine

  Canada and the United States have signed a Cooperative Vessel traffic Service (CVTS) Memorandum of Understanding (MOU) conceived to bolster the safety and efficiency of maritime traffic across the Great Lakes Marine Transportation System (MTS). Representatives from the Canadian Coast Guard (CCG) Central Region, the Great Lakes St. Lawrence Seaway Development Corporation (GLS), the