Maritime Magazine

Influential shipowner association BIMCO has issued a report analyzing the severe negative impact of the Russian invasion of Ukraine on the global economy and the shipping industry. The global economy is already suffering from increased commodity prices. Oil, wheat, and maize (all key exports from Russia and Ukraine) are trading at decade highs, at least. […]

 Gatineau, QC -On behalf of the Canadian Coast Guard, Public Services and Procurement Canada has awarded a $14.36 million contract ($16.5 million including taxes) to Chantier Davie of Lévis, Quebec, for vessel life extension (VLE) work on the Canadian Coast Guard Ship (CCGS) Louis S. St-Laurent, Canada’s largest icebreaker, in service since 1969. This follows an Advance Contract Award Notice issued on October 29,

The maritime and tourism sectors have been hit hard by the global COVID-19 pandemic.  Canada is now ready to welcome cruise ships safely back to our waters. Today in Halifax, the Minister of Transport, the Honourable Omar Alghabra, announced the public health framework the Government of Canada is putting in place to restart cruise ship

 The Minister of Transport, the Honourable Omar Alghabra, today announced an investment to build a new marine container examination facility within the Port of Halifax. The new facility will replace the existing off-site facility, significantly reducing inspection turn-around times, reducing Port congestion, and improving the efficiency, safety, security and operations for the Canada Border Services

Estimates suggest there are more than 2,000 seafarers stranded in Ukrainian waters in an increasingly dangerous situation with Russia tipped to shortly launch a full-scale assault on Odessa, Ukraine’s top port, Sam Chambers of the Splash247 news platform reported today. Latest data from shipping platform Sea/ shows there are still 100 merchant ships in Ukrainian

French authorities are stepping up their efforts to enforce EU sanctions against Russia by detaining commercial merchant ships and, in a high-profile action, announced they had seized a superyacht linked to one of Russia’s wealthiest oligarchs . French Economy Minister Bruno Le Maire thanked customs officers for their efforts citing breaches of the newly imposed

Arctic nations Canada, the Kingdom of Denmark, Finland, Iceland, Norway, Sweden, and the United States have condemned “Russia’s unprovoked invasion of Ukraine” and are “pausing” temporarily and indefinitely the work of the 8-state Arctic Council, the top intergovernmental forum of the region. In a joint statement, the seven countries noted “the grave impediments to international

WASHINGTON – The U.S. Department of Transportation’s Maritime Administration (MARAD) announced March 2 the availability of $25 million in funding for the America’s Marine Highway Program (AMHP), which supports the development and expanded use of America’s navigable waterways and will help improve our nation’s supply chains and the movement of goods throughout the country.  

According to multiple reports, Dilbar, the largest motor yacht in the world is now being held in Hamburg, Germany. It belongs to the Russian oligarch Alisher Usmanov, one of 26 close associates of Russian President Vladimir Putin sanctioned by the European Union on Monday. With an estimated net worth of $14.3 billion, Usmanov is one