Maritime Magazine

  The market is heading into a traditional downcycle, as 2023 is seeing significant excess capacity being delivered, and in all likelihood the same will happen in 2024, reports Sea-Intelligence. The question then remains of when the current and overcoming overcapacity market will balance again. On this matter, CEO Alan Murphy offers little hope of […]

  The U.S. Coast Guard has unveiled what is called an Arctic Strategic Outlook Implementation Plan that opens the door to acquiring commercially-available icebreakers to address short-term capacity gaps. The plan comprises 14 initiatives ranging from enhancing Arctic operations and exercises to expanding surface capabilities and associated support infrastructure with a view to promoting safety,

  With drought conditions worsening, the Panama Canal Authority (ACP) has announced drastic new transit restrictions on the international waterway being phased in over the next three months. An updated plan would see transits reduced by 43 percent by February 1, 2024. Large containerships and LNG and LPG carriers  will be among the most impacted

  The Minister of Transport, the Honourable Pablo Rodriguez, and the Minister of Public Services and Procurement, the Honourable Jean-Yves Duclos, today announced that a contract has been awarded to Pilitak Enterprises Ltd., an Inuit company, to construct a new National Aerial Surveillance Program (NASP) aircraft hangar in Iqaluit, Nunavut. The contract is valued at $45.9 million and construction

  The innovation hubs of the Port of Hamburg (homePORT), the Port of Halifax (The PIER) and the Port of Valencia (Opentop) have announced they have started working toward the design and setup of the first network of innovation hubs in ports. The announcement of this new initiative took place last week during the Port

  The St. Lawrence Seaway is to resume operations at 7 am Monday morning following a tentative agreement announced Sunday, October 29 evening between the St. Lawrence Seaway Management Corporation and the Unifor union representing 361 Canadian workers who had been on strike since October 22 – impacting on more than 100 vessels waiting at

  APM Terminals and DP World have announced an initiative to accelerate decarbonisation of the world’s terminals through the widespread electrification of container handling equipment (CHE). The initiative is grounded in research showing the tipping point for battery-electric CHE can be reached within the next 2-8 years with the right actions from industry stakeholders. The

  LOGISTEC Stevedoring Inc., a subsidiary of LOGISTEC Corporation, has won won the 2023 Environment Award at the International Heavy Lift Awards Ceremony in London, England. This prestigious award recognizes LOGISTEC’s environmental performance, providing safe, reliable and sustainable cargo handling services at 60 ports and 90 terminals across North America. “We believe in actively contributing to a sustainable