Maritime Magazine

The CMA CGM Group, a world leader in shipping and logistics, has signed an agreement to acquire 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the terminal, CMA CGM will […]

Glasgow, Scotland — The World Economic Forum, in partnership with US Special Presidential Envoy for Climate John Kerry, today announced the First Movers Coalition, a new platform for companies to make purchasing commitments that create new market demand for low and zero carbon fuels and technologies. Among the eight “harder-to-abate” sectors addressed by the First

  Glasgow,  — At the 26th Conference of the Parties (COP26) on climate change, the Port of Antwerp and the Port of Montreal have signed a cooperation agreement to support the creation of the first green shipping corridor in the North Atlantic.   Through this agreement, the two pillars of marine transportation between Europe and North America pledge to mobilize their respective public-

  LOGISTEC USA Inc. (LOGISTEC) has ordered two new eco-efficient Generation 6 Konecranes Gottwald Mobile Harbor Cranes for their terminal at the Port of Manatee in Tampa Bay, Florida, USA. The order, booked in August, will be handed over by February 2022. LOGISTEC operates 80 terminals in 54 ports across North America. The company handles

HAMILTON ― The Ontario government is investing $3.3 million in a new ferry for the Simcoe Island community to ensure residents and visitors have reliable access to the island, and more opportunities to participate in the regional economy. The ferry will be built by Heddle Shipyards in Hamilton and will help support up to 24

Canadian marine shipping organizations welcomed new federal mandatory vaccination rules released this week by Transport Canada, and said that marine company policies would be ready to protect the safety and welfare of both their employees and the public. The Chamber of Marine Commerce, which represents marine industry stakeholders including major Canadian ship operators, shippers, ports,

  PERTH, Australia – A compressed hydrogen carrier design with a 430-tonne cargo capacity by Global Energy Ventures (GEV) has received Approval in Principle (AIP) from ABS. AIP for the Handymax vessel, which GEV intends to be the first commercial-scale vessel available for the marine transport of hydrogen, follows an ABS AIP which GEV received in

London – A massive scaling up of finance for research and development is essential to achieve zero carbon emissions by 2050, says a report by International Chamber of Shipping and global engineering, environmental and strategic consultancy Ricardo. A Zero Emission Blueprint for Shipping outlines the urgent steps that will be required to completely transform shipping’s

  Sturgeon Bay, Wisconsin – Fincantieri Bay Shipbuilding and The Interlake Steamship Company hosted a launch ceremony  marking the latest milestone for the new 639 – foot M/V Mark W. Barker. The first U.S.- flagged Great Lakes freighter to be built on the Great Lakes in nearly 40 years, the M/V Mark W. Barker – while still under construction – was “launched” or otherwise floated in