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  Baffinland Iron Mines Corporation and ROGESA Roheisengesellschaft Saar mbH have strengthened their cooperation by signing a Memorandum of Understanding (MoU) to further investigate the use of Nunavut high-grade iron ore in low carbon ‘green’ steel production. Low carbon green steel forms the basis of the transition to clean sources of energy and is necessary […]

  Churchill, Manitoba – The Honourable Dan Vandal, Minister for PrairiesCan and the Honourable Wab Kinew, Premier of Manitoba today announced a joint investment of up to $60 million to the Arctic Gateway Group. This combined funding from the governments of Canada and Manitoba will finish work on the Hudson Bay Railway, start to redevelop the Port of Churchill, and further benefit the communities and sectors of the economy that depend on the Arctic Gateway Group’s operations. The Arctic

  QSL International Ltd. has announced the arrival of new shareholders: funds advised by iCON Infrastructure LLP, CDPQ and the QSL management shareholders already active in the company’s capital. Headquartered in London, iCON is a long-term investor focused on infrastructure businesses in Europe and North America. CDPQ is a global investment group which is already active in the company’s

  In an ambitious initiative to combat climate change and the impact of a prolonged severe drought, the Panama Canal Authority has announced plans to allocate more than $8.5 billion in capital investments towards sustainability projects over the next five years. “We plan to embed sustainability into capital investments worth over $8.5 billion in the

  Recent attacks on commercial vessels in the Red Sea have severely affected shipping through the Suez Canal, adding to existing geopolitical and climate-related challenges facing global trade and supply chains, UNCTAD says in a new report released today. The Red Sea crisis compounds the ongoing disruptions in the Black Sea due to the war in Ukraine,

  The International Chamber of Shipping (ICS), the global trade association for shipowners and operators, which represents over 80% of the world merchant fleet, has launched a set of ‘Industry principles for establishing effective measures to combat and eliminate harassment and bullying in the maritime sector.’  The principles have been published against the backdrop of

  Quebec City – The Minister of Public Services and Procurement, Jean-Yves Duclos, on behalf of the Minister of Fisheries, Oceans and the Canadian Coast Guard, Diane Lebouthillier, today announced a contract award following a competitive process, valued at approximately $44 million (including taxes) to Ocean Industries Inc. for the vessel life extension of the CCGS Griffon. “By

  Netherlands-based Chemship has completed what it describes as the world’s first installation of wind-assisted propulsion on a chemical tanker. The event took place on February 19 at the Port of Rotterdam. Four 16-meter (53-foot) aluminum wind sails have been installed aboard the 16,000 DWT Chemical Challenger which will operate on Chemship’s trans-Atlantic route between the

  Europe’s biggest port, Rotterdam, today reported a 6.1% decrease in its total cargo in 2023, handling 438.8 million tonnes compared to 467.4 million tonnes in 2022. The port attributed global geopolitical unrest, sluggish economic growth, and high inflation to the overall decline. While coal, containers, and other dry bulk recorded decreases, there was an

  CMB.TECH has announced the order of the world’s first ammonia-powered container vessel in partnership with Yara Clean Ammonia, North Sea Container Line and Yara International through a 15-year deal. The vessel, to be named Yara Eyde, is a 1.400 TEU ice-class container ship to be built at Qingdao Yangfan Shipbuilding (Qingdao, China). Expected to