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Long-term contracted ocean freight rates rocketed by a further 16.3% over the course of November, consolidating recent gains to leave container shipping costs up 121.2% year-on-year. The latest developments, revealed in the Xeneta Shipping Index (XSI®) Public Indices, stand as the second largest monthly rates rise on record, following a 28.1% jump in July this year, […]

Maritime Partners in cooperation with Elliott Bay Design Group, e1 Marine, and ABB, announced that the M/V Hydrogen One, the world’s first methanol-fuelled towboat, will join Maritime Partners’ fleet and become available for charter in 2023. Hydrogen One is designed by Elliott Bay Design Group using “proven efficient technology”, including ABB’s electrical power distribution and

According to a report published on the Maritime-Executive news platform, last week’s meeting of the IMO Marine Environment Protection Committee (MEPC) did not take action on the shipping industry’s climate ambitions – but it did pass a voluntary, nonbinding measure to encourage reduction in emissions of black carbon in Arctic shipping.  Black carbon is a

UECC has taken delivery of the world’s first dual-fuel LNG battery hybrid PCTC that is set to provide significant gains in energy efficiency and emissions reduction as it enters service this year to boost the leading European shortsea ro-ro carrier’s bold effort to decarbonise its fleet. The vessel, to be named Auto Advance, is the

Master Boat Builders, Inc. (MBB), together with Vancouver-based naval architect and marine engineering firm, Robert Allan Ltd. (RAL) today announced the creation of a new battery hybrid tugboat design, the ElectRA 3000-H. This design has been developed over the past several months to suit the evolving needs of U.S. tugboat operators. “This unique hybrid tugboat

Canadian Pacific Railway Limited and Kansas City Southern today announced that they have received the required regulatory pre-transaction control approvals from the Mexican Federal Economic Competition Commission  and the Mexican Federal Telecommunications Institute for the previously announced proposed combination of KCS and CP.   “This important milestone marks the next step on our path to

Halifax – Canada’s first living lab for transportation, supply chain and logistics is now open for business. “The PIER” at the Seaport officially opened its doors on November 25, welcoming Founding Partners, Resident and Ecosystem Members, dignitaries, and other stakeholders. The PIER, short for Port Innovation, Engagement, and Research, is located at 1209 Marginal Road

Kongsberg, Norway, – Kongsberg Maritime (KM) has signed a Memorandum of Understanding (MoU) with the leading global provider of auxiliary wind propulsion systems, Norsepower Oy Ltd. The collaboration between these industry leaders will facilitate the addition of wind propulsion to KM’s integrated power and propulsion systems. Under the MoU, ship owners and shipyards will be able

Quebec City – Founded on January 15, 2021, the Intelligent Maritime Corridors International Council (IMC IC) is an impartial, independent, Canadian not-for-profit corporation. Over the past few months, IMC IC has conducted numerous consultations with strategic partners in Quebec, Canada and internationally on the concept of “Intelligent Maritime Corridors”. IMC IC today unveiled the first