Maritime Magazine

The St. Lawrence Seaway Invests Over $350 Million in Infrastructure

Cornwall, ON – The St. Lawrence Seaway Management Corporation (SLSMC) has announced an investment of over $350 million in infrastructure upgrades over the next three years. This investment will ensure the Seaway’s continued reliability and efficiency, while creating jobs and strengthening local communities. Spanning from April 1, 2024, to March 31, 2027, the investments include […]

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Hapag-Lloyd concludes long-term agreement with Chinese partner for green methanol

Hapag-Lloyd has reached an agreement with Goldwind, a global strategic partner in clean energy with headquarters in Beijing, China, for the delivery of 250,000 tonnes of green methanol per year. The green methanol will consist of a blend of bio- and e-methanol, ensuring greenhouse gas (GHG) emissions reduction of at least 70 percent, and comply

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MSC completes major investment in Port of Hamburg

Port of Hamburg Beteiligungsgesellschaft SE, a subsidiary of the MSC Group, has announced the successful completion of its voluntary public tender offer for shares in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA). It marks the establishment of a strategic joint venture between the company and the City of Hamburg regarding HHLA. All the required conditions for

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Project advances to create Inuit Protected Area in northern Labrador

OTTAWA – Johannes Lampe, President of Nunatsiavut, Pita Aatami, President of Makivvik, and the Honourable Steven Guilbeault, Minister of Environment and Climate Change and Minister responsible for Parks Canada, have announced the signing of a Memorandum of Understanding to begin negotiations to create a new Inuit Protected Area/national marine conservation area in northern Labrador. This announcement follows

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UK joins expanding Trans-Pacific trade bloc

By Colin Laughlan VANCOUVER – Delivering a highly-predicted communique in Vancouver, the Commission for the Comprehensive and Progressive Trans-Pacific Partnership closed its eighth assembly November 27 to 28, announcing the 11-member trade bloc will grow by one more member next month when the United Kingdom’s accession is formally completed December 15. The U.K. will be

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Whale-ship collisions reduced if 2.6% of world ocean surface made safer

A new study examines the risk to whales from ship strikes – the leading cause of death worldwide for the species. Thousands of whales are injured or killed each year after being struck by ships, particularly the large container vessels that transport 80% of the world’s traded goods across the oceans. Yet global data on

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Drewry World Container Index shows 2% decrease this week

The Drewry WCI composite index decreased 2% to $3,331 per feu, which is 68% below the previous pandemic peak of $10,377 in September 2021 but 134% more than the average $1,420 in 2019 (pre-pandemic), the UK shipping consultancy reported. The average YTD composite index is $3,966 per feu, which is $1,116 higher than the 10-year

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LOGISTEC wins “People Development Award” of IBJ

LOGISTEC, a leading North American marine services provider, is proud to announce that it has been awarded The People Development Award at the 2024 International Bulk Journal (IBJ) Awards ceremony held in Antwerp, Belgium. This recognizes LOGISTEC’s dedication to excellence in developing a comprehensive, scalable, and effective training program that has significantly improved safety performance and

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Ports of Vancouver and Hamburg sign collaboration agreement

The Hamburg Port Authority (HPA) in Germany and the Vancouver Fraser Port Authority in Canada have signed a Memorandum of Understanding (MOU) to collaborate across a range of port priorities. The MOU will see the two port authorities increase cooperation across multiple key areas: maritime decarbonization; safety; digital practices and new technology; and cruise operations.

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Green Marine International announces the appointment of three new European directors

Québec – Green Marine International has announced the appointment of three new European directors from Green Marine Europe to its Board of Directors. The twelve-member Board of Directors now includes executives from North American and European companies, highlighting the global and multi-sector aspects of the organization. The three senior executives from Green Marine Europe certified

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