Maritime Magazine

  The International Maritime Organization’s (IMO) targets for the use of zero or near-zero fuels in 2030 can be met using sustainable biofuels, reports BIMCO. Many different sectors will compete for those fuels, so shipping is focusing on transitioning to alternative green and blue fuels. Today, only 1% of bulk, container, and tanker ships are

  The crisis in the Red Sea region has sent the cost of ocean freight shipping spiraling as the market continues to react to vessels being forced to avoid the Suez Canal. Analysts at Xeneta, the leading ocean and air freight rate benchmarking and intelligence platform, predicted rates could increase by 100% following Houthi militia

  Canada’s Minister of Transport, Pablo Rodriguez, has announced investments of up to $10.9 million for four projects through the Oceans Protection Plan (OPP) to improve ballast water management systems in the Great Lakes and St. Lawrence River region to combat aquatic invasive species.  The four selected projects, funded through the OPP’s Ballast Water Innovation Program (BWIP), will

  By Leo Ryan, Editor Statistics released by St. Lawrence Seaway Management Corporation (SLSMC) on cargo performance to end-November today reveal a slight increase of 1.3% in cumulative traffic volume despite the impact of an eight-day strike by Canadian workers in October that prevented some 100 vessels from transiting the waterway. But the current late

  CSL has announced a 20-year strategic partnership with Adelaide Brighton Cement Ltd. (“Adbri”) to build and operate the world’s first fully electric battery capable self-unloading vessel. The custom-designed ship will replace Adbri’s Accolade II and will support the company’s limestone operations in South Australia with a focus on enhanced efficiency and environmental responsibility. The

  QSL, a Quebec-based company specializing in port terminal operations, stevedoring, marine services, logistics, and transportation throughout North America, has announced its recent partnership with the St. Lawrence Seaway Management Corporation (SLSMC) and Hamilton-Oshawa Port Authority (HOPA Ports). QSL will operate SLSMC’s Wharves 5 and 6, with access to the Welland Canal. The 55 acres

  LOGISTEC Corporation has announced that its shareholders have approved the previously announced plan of arrangement under the provisions of the Québec Business Corporations Act involving LOGISTEC and 1443373 B.C. Unlimited Liability Company, an entity owned by certain funds managed by Blue Wolf Capital Partners LLC, with preferred equity financing provided by Stonepeak. At the