Maritime Magazine

Canadian Pacific and Fortress Transportation and Infrastructure Investors (FTAI) announced they have entered into a definitive agreement whereby CP will acquire the Central Maine & Quebec Railway (CMQ).The transaction is expected to close by the end of this year. CMQ owns 481 miles (774 kilometres) of rail lines primarily in Quebec and Maine. The end-to-end transaction will provide CP customers with […]

The IMO, which met in London this week to discuss how the shipping industry can continue to decarbonize, has agreed that a mandatory goal-setting approach is the best way to reduce carbon emissions in the short-term. Full details of the approach will be discussed next year. States and NGOs discussed the details and the complexities of the

Geneva, Switzerland – MSC Mediterranean Shipping Company officially announced today that former Maersk COO Soren Toft will join as Chief Executive Officer for container shipping and logistics. MSC said in a statement that it is delighted that Mr. Toft will be supporting the Aponte family at the helm to ensure that the company remains a

Recently, DNV GL identified the five most promising alternative fuels for shipping, with hydrogen as the ultimate zero-emission solution. The first complete hydrogen fuelled prospect has been put together by Ulstein Design & Solutions BV and Nedstack fuel cell technology BV with the intent of reducing the environmental footprint of offshore projects. The ULSTEIN SX190

VICTORIA – BC Ferries has awarded Damen Shipyards Group of the Netherlands contracts to build four more battery electric-hybrid Island Class vessels scheduled to go into service in 2022. In the spring of 2017, BC Ferries awarded Damen contracts to build two “first in class” of these battery electric-hybrid vessels. These vessels have successfully completed

French carrier CMA CGM today became the third global shipping line to announce a low-sulfur charge effective December 1 for cargo moving on short-term contracts of up to three months. It joins Maersk Line and Hapag-Lloyd who sent similar “Environmental fuel fee” notifications last week to cover an increase in fuel-related costs determined by the

The latest Seafarers Happiness Index report has shown a marked improvement in happiness levels amongst seafarers across all sectors of the industry Undertaken by The Mission to Seafarers and supported by leading P&I insurer the Shipowners’ Club, the index is a gauge for measuring the feelings and experiences of seafarers across the global maritime industry. Conducted every