Maritime Magazine

  According to the Federal Reserve Bank of New York, conditions in the global supply chain have returned to normal after three-years of pandemic-provoked disruptions. Such is the conclusion from the latest monthly reading of the bank’s Global Supply Chain Pressure Index (GSCPI) which shows global supply chain pressures decreased considerably in February. “There were […]

  Negotiators from more than 100 countries agreed over the weekend to complete a treaty to designate a large portion of the world oceans as protected areas for marine life. The deal was struck at UN Headquarters in New York, where tough negotiations on the draft treaty had been under way for the past two weeks.  “This

  Montreal – CN has announced that February 2023 was the best February ever for Western Canadian grain movement on CN’s network. The Company worked with its customers and supply chain partners to move more than 2.4 million metric tonnes of grain from Western Canada over the course of the month. This exceeds the previous

  The Prince Rupert Port Authority (PRPA) announced that the Ridley Island Export Logistics Project (RIELP) has reached a significant milestone with the receipt of its final determination of the Federal environmental effects evaluation review. The Federal Authorities have determined, in accordance with the requirements of Section 82 of the Impact Assessment Act (IAA), that

  Montreal– LOGISTEC Stevedoring Inc., a subsidiary of LOGISTEC Corporation, a leading North American marine and environmental services provider, announced today that it has entered into a definitive agreement to acquire the Canadian and U.S. marine terminal business of Fednav, including Federal Marine Terminals, Inc. and the logistics division, Fednav Direct (collectively, “FMT”), for a

  By Leo Ryan, Editor of Maritime Magazine Marine industry stakeholders in Canada and the United States have strongly condemned the “excessive escalation” of the pilotage rates set by the U.S. Coast Guard for oceangoing vessels transiting the American waters of the Great Lakes/St. Lawrence Seaway system during the 2023 navigation season. Effective in late

  The Cleveland-based Lake Carriers Association (LCA) reports that its member companies will invest over $126 million in their vessels at shipyards and facilities across the Great Lakes in the winter period prior to the opening of the 2023 St. Lawrence Seaway season in late March. U.S. shipping companies operating exclusively on the Great Lakes

  Germany-based Rhenus Logistics has announced the launch of operations in eastern Canada for the project logistics and offshore market with two new business sites located in Halifax and St. John’s. As a result, the global logistics specialist will operate in the strongly growing onshore and offshore markets in Canada. Rhenus will be primarily focussing

  Vancouver-based Methanex Corporation and Mitsui O.S.K. Lines, Ltd. (MOL) announced that the dual-fuel vessel Cajun Sun successfully completed the first-ever net-zero voyage fuelled by bio-methanol. The voyage is an example of how Methanex and MOL are collaborating to demonstrate the viability of methanol as a marine fuel with a pathway to net-zero emissions. The