Maritime Magazine

  Belledune, NB -The Minister of Transport, Omar Alghabra, and the Member of Parliament for Acadie-Bathurst, Serge Cormier, today announced an investment of up to $12.5 million, under the National Trade Corridors Fund, for an infrastructure project at the Port of Belledune. The $25 million project will create a dry bulk conveyor loop between two terminals that […]

  St. Catharines, ON – Algoma Central Corporation today reported its results for the year ended December 31, 2022. Algoma delivered strong fiscal 2022 results with revenues of $677.9M a 13% increase compared to 2021. The Company also reported a 46% increase in net earnings to $120M. “We have been busy this year and our

  The ports Hamburg and Halifax have signed a memorandum of understanding (MoU) to set up a joint maritime innovation network platform. Jens Meier, CEO of the Hamburg Port Authority and Allan Gray, president and CEO of the Halifax Port Authority, signed the agreement on the sidelines of the GreenTech for Ports and Terminals Conference

  The U.S. Department of Energy (DOE) has announced new investments to secure U.S. leadership in floating offshore wind development by advancing offshore wind transmission planning, research and technology, and partnerships. The announcements are part of the Biden-Harris Administration’s Floating Offshore Wind Shot Summit, with the Departments of Energy, the Interior, Commerce, and Transportation convening stakeholders

  French shipping line CMA CGM has confirmed it has equipped one of its largest containerships, the CMA CGM Marco Polo, with a very large windshield on the bow and will assess its effect over the next six months on fuel consumption.The purpose of the windshield is to increase the ship’s aerodynamics. If it succeeds

  A.P. Moller – Maersk has entered into an agreement, effective February 17, to divest its logistics sites in St. Petersburg and Novorossiysk to Cyprus-registered IG Finance Development Limited. Divesting the two sites is a consequence of the company’s decision made in March 2022 to discontinue activities in Russia, reflecting a collective effort of sanctions

  After a tumultuous three years for global supply chains, ocean freight stakeholders are under pressure from shifting economic conditions, geopolitical influences and labor challenges going into 2023. That’s according to a new survey  by leading real-time supply chain visibility provider FourKites. The survey polled over 350 supply chain professionals to shed light on the

  Victoria, BC – Darryl Anderson, Executive Director of Mercy Ships Canada, has announced that the newest Mercy Ship, Global Mercy, arrived last week in Dakar, Senegal. “This year marks the first time that specialized surgeries will take place on this newly built hospital ship”, stated Mr. Anderson. “This field service will include partnership with ministries