Articles

Offshore wind market seen as steady despite political challenges

The offshore wind sector continues to grow globally, with Service Operation Vessels (SOVs) and Construction Service Operation Vessels (CSOVs) playing increasingly important roles. Phil Lewis, Director of Research at New York-based Intelatus, provides expert insights into the evolving landscape, addressing both emerging opportunities and challenges within these markets in light of recent political developments. Interest […]

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Canadian government funding green shipping projects in British Columbia ports

Victoria – The Minister of Transport and Internal Trade, the Honourable Anita Anand, has announced up to $35.5 million in funding for three projects based in British Columbia to invest in commercially available clean technology and infrastructure for ports. This funding, provided under the Green Shipping Corridor Program, will: increase the use of clean energy and transportation infrastructure at

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Study outlines significant investment needs at Canada’s Ports

Canada’s ability to expand and diversify international trade as a reliable trading partner hinges on significant port infrastructure investment in the coming years, according to the Port Infrastructure Needs Assessment, from the Association of Canadian Port Authorities (ACPA). It projects as much as $21.5 billion in needed investments will need to be made by Canada Port

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Proposal to build ‘North American’ Arctic Seaway modelled on St. Lawrence Seaway

Jessica Shadian, CEO of Arctic360, has proposed that the timing could be ripe to consider building a North American Arctic Seaway between Alaska and Greenland amid the mounting interest in the region by Russia, China and US President Donald Trump. In an Opinion article published last week in The Globe and Mail, the chief executive

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IMO agrees on draft revised Action Plan on marine plastics

The IMO’s Sub-Committee on Pollution Prevention and Response has agreed on the draft 2025 Action Plan to Address Marine Plastic Litter from Ships, with a view to its approval by the Marine Environment Protection Committee (MEPC 83) when it meets on 7 to 11 April 2025. This milestone was achieved along with other key outcomes

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Panama Canal transits remain below historical averages despite lifted drought restrictions

According to the latest analysis by BIMCO, ship transits through the Panama Canal have remained markedly lower than historical averages. The report showed capacity down 10% between September 2024 and January 2025 versus the 2019-2022 average.   The decline has persisted despite the lifting of transit restrictions that were implemented between June 2023 and September 2024 due

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Federal government commits $43m in funding to support operations of Hudson Bay Railway

Minister for PrairiesCan, the Honourable Terry Duguid, on behalf of Minister of Transport and Internal Trade the Honourable Anita Anand, tis week announced an investment of over $43 million to support the operations and maintenance of the Hudson Bay Railway, owned by Arctic Gateway Group (AGG). AGG is a partnership of 29 First Nations and 12 isolated communities

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David LeMay appointed President of McAsphalt Industries

TORONTO – McAsphalt Industries Limited, Canada’s leader in asphalt and bitumen manufacturing and distribution, has announced the appointment of David LeMay as President. With a proven track record in business transformation, operational efficiency, and strategic growth, Mr. LeMay will drive McAsphalt’s continued expansion and industry leadership, a press release stated. 2024 has been a defining year for McAsphalt, marked

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Panamanian President denies State Department claim of free canal passages for U.S. military vessels

Panama’s President José Raúl Mulino today strongly rejected a State Department claim that his country had agreed to allow U.S. government vessels to transit the Panama Canal without charge. “I am incredibly surprised by yesterday’s statement,” Mr. Mulino told a news conference in Panama City. “They’re making an important, institutional statement from the entity that governs U.S.

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