This autumn issue of Maritime Magazine (#102) has exceptional content as the global economy unevenly pursues post-pandemic recovery. Our annual feature on North Atlantic trade contains a revelation: Germany is showing signs of overtaking BREXIT-struck UK as Canada’s leading merchandise trading partner in Europe, a development that few would have ever dared predict! The special […]
New Maritime Magazine now online Read More »
Dalian, China — State-owned Cosco Shipping, has boosted its stake in Greece’s largest port from 51% to 67%. This reinforces its control over an important link in China’s Belt and Road initiative. “The company aims to help the port of Piraeus strengthen its position as a major port in the Mediterranean and become an important
Cosco Shipping increases ownership stake in Greece’s Port of Piraeus Read More »
The Panama Canal closed its fiscal year 2021 (FY21) with a record-breaking annual tonnage of 516.7 million Panama Canal tons (PC/UMS), coming in 8.7% higher compared to the 2020 fiscal year (FY20) and 10% above tonnage registered in FY19, the waterway’s last pre-pandemic fiscal year. “I am grateful for and proud of our world-class workforce,
Panama Canal posts record annual tonnage Read More »
Finland’s technology group Wärtsilä has received an order to supply a propulsion system for a dual-fuel asphalt carrier built for Canada’s largest bitumen industry dealer McAsphalt The vessel, which is being built by Chinese shipbuilding company Wuhu Shipyard, will be equipped with two 20DF dual-fuel engines, as well as the company’s controllable pitch propellers, gearboxes,
Wärtsilä’s engine to power McAsphalt’s LNG-fuelled asphalt carrier Read More »
The Canadian Coast Guard reported today that four containers from the stricken MV Zim Kingston that last week lost more than 100 units have been found ashore on the north end of Vancouver Island. One of the Coast Guard helicopters spotted the containers near Cape Scott. “Unified command has provided this information to the ship’s
Containers from MV Zim Kingston found ashore on Vancouver Island Read More »
Port Saint John in New Brunswick announced that overall cargo tonnage in the first three quarters of 2021 was 19% higher than the same period in 2020. The first three quarters of 2020 saw 18.6 million tonnes of cargo handled, with 2021 recording 22.2 million tonnes by the end of September. In the container sector,
Double-digit increase in Port Saint John cargo Read More »
Trans-Pacific shipping lines say they have no intention of paying new “emergency” fees that will go into effect Monday in Los Angeles and Long Beach, according to a report on the JOC.com daily news platform. The highly-congested port complex is making a last-ditch effort to improve the flow of containers by penalizing carriers when boxes
Shipping lines reject planned LA/LB port surcharges on import containers Read More »
The Montreal Port Authority (MPA) reiterates its firm commitment to sustainable development by joining the 200 signatories of the Call to Action for Shipping Decarbonization. Launched by the Getting to Zero Coalition in partnership with the Global Maritime Forum, World Economic Forum and Friends of Ocean Action, this action calls on public and private organizations
The Port of Montreal joins the Call to Action for Shipping Decarbonization Read More »
A major gathering of top executives from the world’s biggest shipping companies and maritime state representatives will take place in Glasgow at a cross-industry decarbonisation conference, the International Chamber of Shipping (ICS) announced. The shipping industry’s official COP 26 sideline event, Shaping the Future of Shipping, will bring together leaders from the shipping, energy, climate
Shipping industry leaders prominent participants at coming UN climate change summit Read More »
In an effort to improve cargo movement amid congestion and record volume, the ports of Long Beach and Los Angeles have announced they will begin assessing on November 1 a surcharge to ocean carriers for import containers that dwell on marine terminals. Under the new policy, the ports will charge ocean carriers for each container