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  Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the Company has acquired two 2009 built, 16,600 dwt product tankers from Norway’s Knutsen OAS Shipping. “We identified an opportunity to secure high-quality ice-class product tankers suitable for trading in Canada and in Northern Europe. […]

  Federal Environment Minister Tanya Plibersek has rejected plans for what would have been Australia’s first offshore wind farm at Victoria’s Port of Hastings due to alleged “unacceptable impacts” on the local environment and wildlife. A key reason evoked for the veto was the potential damage to the wetlands, notably the habitat of the sharp-tailed

  Sucro Can Sourcing LLC, a growing integrated sugar refiner, has announced its plans to build Canada’s largest sugar refinery at the Port of Hamilton, Ontario, on lands owned by HOPA Ports (Hamilton-Oshawa Port Authority). The new refinery will have an expected future annual refining capacity of 1 million metric tonnes, representing an estimated investment of $135 million CAD. “The

  Andrew Furey, Premier of Newfoundland and Labrador, recently announced $15.1M in funding to support the Port of Argentia Cooper Cove Marine Terminal Expansion Project through the Innovation and Business Development Fund (IBDF). “This comes on top of the $38 million committed by then federal Transport Minister Omar Alghabra last July under the National Trade Corridors Fund,”

  Plaquemines Port Harbor and Terminal District (Plaquemines Port) has announced the execution of a letter of intent with APM Terminals to build a state-of-the-art container terminal on the West Bank of Plaquemines Parish, Louisiana. APM Teriminals is one of the largest terminal operators in the world and part of A.P. Moller-Maersk, a global leader

  From Constanta, Romania, the Leopold Oldendorff became the first ship of the year, arriving at 5.15pm on 2 January 2024 and mooring at the Rio Tinto Iron Ore Company dock a few hours later. It was at around 2pm the following day that the prestigious cane with its stylised knob combining aluminium and iron

  Minister of Transport Pablo Rodriguez has announced an investment of up to $74.3 million under the National Trade Corridors Fund for capacity expansion at the Vancouver International Airport. This will equip the airport to handle more cargo, as well as improve its facilities and efficiency, and reduce pollution. This project will enable the movement of larger aircraft between

  The latest statistics from DNV’s Alternative Fuels Insight (AFI) platform found that a total of 298 ships with alternative fuel propulsion were ordered in 2023 – an 8% increase year on year. The year also saw methanol go mainstream, with a sharp increase in orders (138), thereby overtaking LNG (130). Additionally, 2023 marked a

  Parliamentary Secretary to the Minister of Employment, Workforce Development and Official Languages, and Member of Parliament for Windsor-Tecumseh, Irek Kusmierczyk, on behalf of the Minister of Transport, Pablo Rodriguez, today announced an investment of up to $26.3 million under the National Trade Corridors Fund for the Archer Daniels Midland Company (ADM) Grain Terminal Expansion

  The global container shipping industry faces a critical couple of weeks amidst continuing attacks on merchant vessels in the Red Sea by Yemen-based Houthis and substantial carrier re-routings to avoid the Suez Canal prior to the Chinese New Year period starting on February 10. Philip Damas, head of Drewry Supply Chain Advisors, says the