Maritime Magazine

UNCTAD raises alarm over impact of geopolitical disruptions on global trade

  Geneva – The United Nations Conference on Trade and Development (UNCTAD) has expressed profound concerns over the escalating disruptions in global trade, particularly stemming geopolitical tensions affecting shipping in the Black Sea, recent attacks on shipping in the Red Sea affecting the Suez Canal and the impact of climate change on the Panama Canal […]

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St. Lawrence Seaway Management Corporation announces appointment of Robert Garbaty as Senior Manager, Cargo Growth

  Mr. Garbaty is a Mechanical Engineer, bringing 10 years expertise in purchasing and strategic sourcing with ArcelorMittal. His marine industry experience is highlighted by his time with Fednav, including three years as Director of Sales for Federal Marine Terminals, overseeing activity in Canada and the United States. Additionally, he brings seven years experience with Tube

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Huge costs and transit delays by rerouting tankers from Red Sea conflict

  Rerouting tankers around the Cape of Good Hope due to avert attacks from Houthi rebels can add nearly a million dollars per voyage while also doubling transit time, according to LSEG Shipping Research, a division of the London Stock Exchange. An LSEG report indicated that rerouting an Aframax tanker from Asia to NW Europe, via the Cape

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Port Saint John celebrates  completion of $205M modernization project

  The $205M Port Saint John West Side Terminals Modernization Project at Port Saint John has come to a close, transforming the port and attracting significant private investment in the process. Funded equally by the Federal Government, Province of New Brunswick, and the Port, this construction project has been completed on time, on budget, and

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Dry bulk ship owners stress safety of seafarers is paramount amid Red Sea crisis

  The safety of seafarers must be paramount as the international community seeks to address the volatile situation in the Red Sea, affirms INTERCARGO speaking on behalf of the world’s dry bulk ship owners. INTERCARGO condemns the ongoing targeting of merchant ships by Houthi rebels in Yemen and fully supports the comments made by Arsenio

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Canadian government invests in two projects in Montreal to improve supply chains

  The Minister of Transport and Quebec Lieutenant, Pablo Rodriguez, today announced an investment of over $2.6 million for two projects in Montreal under the National Trade Corridors Fund. The digital project and study selected for investment intend to harness data and technological solutions to generate supply chain efficiencies along key Canadian trade corridors. The Government of Canada will contribute: Up to $2.6

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CSL recognized as one of Canada’s Top Employers for Young People for third consecutive year

  CSL announced its third consecutive recognition as one of Canada’s Top Employers for Young People. This acknowledgment underscores CSL’s ongoing commitment to offering a dynamic and rewarding workplace for young maritime professionals. Guided by a culture that values excellence, diversity, and innovation, CSL continues to spearhead initiatives that empower the development and growth of

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Port of Sept-Îles  reclaims second place among Canadian ports with 2023 cargo record

  At its recent New Year cocktail party, the Port of Sept-Îles revealed that it had reached an all-time high with 36.6 million metric tons of cargo handled at its facilities in 2023. The previous record was set in 1979 with 34.9 million metric tons. “This new milestone is of national significance and makes the

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Argentia terminal expansion project released from further environmental assessment by government of Newfoundland and Labrador

  Port of Argentia said today it was extremely pleased with the decision by the Provincial Government to release the Cooper Cove Marine Terminal Expansion Project from environmental assessment with conditions. The announcement was made late Friday by Bernard Davis, Minister of Environment and Climate Change. “We thank Minister Davis and the department for their

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