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Warsaw – Ocean Winds, an international company dedicated to offshore wind energy and established as a 50-50 joint venture between EDP Renewables and ENGIE, announced it has secured an around €2 billion (US$2.3B) project finance and reached Financial Close for its first offshore wind farm in the Baltic Sea. This achievement marks a key milestone, […]

Ocean Wise and Trelleborg Marine and Infrastructure have announced a major advancement in marine mammal protection through the international expansion of Ocean Wise’s Whale Report Alert System (WRAS), a real-time alerting tool designed to reduce the risk of ship strikes on whales. This expansion includes a new integration with Trelleborg’s SafePilot Pro software, a professional-grade

Squamish, BC – In a key milestone to bring more Canadian LNG to global markets, Woodfibre LNG has welcomed the project’s second floating workforce accommodation (floatel) to site, adding up to 900 new trades jobs to the province to help complete facility construction as quickly as possible. The MV Saga X will provide safe, modern, purpose-built

By Leo Ryan, Editor Michael Broad, a longtime, passionate and highly-influential champion of Canada’s shipping universe, passed away on November 24. The team at Maritime Magazine extends its most heartfelt condolences to his wife Janice of 50-plus years, three daughters, the overall family, many friends and past associates. Between January 1, 2004 and February 2022,

A new industry report reveals how nuclear propulsion creates competitive advantage for both operators and charterers through superior economics and performance. Nuclear-powered containerships have the potential to eliminate bunker costs, cut greenhouse gas (GHG) emissions and deliver faster transit times, while maintaining safety and economic competitiveness. The findings are drawn from a new Lloyd’s Register

In London today, Canada was re-elected to the International Maritime Organization (IMO) Council for the 2026-27 term, while Russia failed to win enough votes to rejoin the governing body of the specialized UN agency. Russia lost its seat on the IMO Council in 2023 following its 2022 invasion of Ukraine. Russia was the sole candidate

The Chamber of Marine Commerce (CMC) welcomes the Government of Canada’s Budget 2025 and its strong focus on trade-enabling infrastructure and northern gateways. The inland and coastal marine shipping sector appreciates the priority that the budget placed on ports, supply chains, and Arctic infrastructure, and stands ready to partner with the Government of Canada to ensure the

PSA Halifax has announced the arrival of the AMERIGO service, a new joint service operated by CMA CGM, COSCO Shipping, OOCL, and ONE, with its maiden call made by the CMA CGM AMBITION on November 25 at the PSA Halifax Atlantic Hub Terminal. The AMERIGO service will strengthen direct trade links between the Mediterranean and

According to Filipe Gouveia, Shipping Analysis Manager at BIMCO, global coal shipments to advanced economies will fall 2% y/y in 2025, reaching a 23-year low. “This will be the third consecutive annual drop although the pace of decline has slowed compared to previous years.” The contraction is primarily driven by weaker coking coal demand due

The Port Authority of New York and New Jersey has announced that Rick Cotton, who has served as the executive director of the Port Authority since August 2017, will retire from the agency in January 2026. A successor is expected to be announced in due course and will work closely with Cotton to ensure a