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St. Catharines, Ontario – Algoma Central Corporation (“Algoma”) (TSX: ALC), a leading provider of marine transportation services, and Nova Marine (“Nova”) a Europe based ship-owning and operating company specialized in the dry-bulk sector, today announced that NovaAlgoma Cement Carriers Limited (“NACC”), has doubled its investment in JT Cement AS (“JT Cement”) by acquiring an additional […]

Parliamentary budget officer Yves Giroux today released a report estimating that Ottawa’s recent decision to build two polar icebreakers for the Canadian Coast Guard will cost $7.5 billion. Main contributing factors are skyrocketing shipyard costs plus the government’s decision, announced last May, to build two polar icebreakers instead of the one originally ordered in 2013

Many shipowners remain focused on maximising profit by gaining the highest offer price when scrapping vessels but risk a business backlash from non-compliant shipbreaking practices amid increasing market and regulatory pressure for green recycling, according to Sea Sentinels. “There is becoming nowhere to hide for vessel owners that select recycling yards solely on the basis

IMO has completed the latest in a series of four eLearning/virtual regional train-the-trainer workshops (September 2019 – December 2021) for seafarers on ships operating in polar waters. The aim was to assist maritime training institutes to enhance the skills and competence of maritime instructors for courses about polar operations. The courses, aimed at representatives from

Shipowners, seafarers’ unions and maritime employer groups are establishing their own approved international network of quarantine facilities to ensure seafarers can safely join ships, despite unpredictable changes to government border policies. The move comes as the Omicron variant spurs governments to close their borders to seafarers needing to leave and join ships. The Crew Enhanced Quarantine

Tokyo-based firm e5 Lab Inc. and Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, have agreed to provide the design for “ROBOSHIP,” a standard hybrid electric propulsion vessel the two companies are seeking to promote as a vision for the future of ships, for a 499-tonne biomass fuel carrier being built

  On Tuesday, the Swedish maritime administration relaunched an older pilot boat with a new engine, which means that the agency now owns the world’s first methanol-powered pilot boat. The administration operates around 33,000 transit vessels per year and has a fleet of 70 pilot boats. The newly converted Pilot Boat 120 SE will be

With just two weeks left to the 2021 season, the St. Lawrence Seaway and Canadian ports are reporting a rush of activity as manufacturers stockpile raw materials and businesses take advantage of the congestion-free waterway to export overseas. According to the latest figures from the St. Lawrence Seaway, general cargo shipments, including steel, aluminum, and oversized

Six of the world’s leading marine insurers launched a groundbreaking initiative to provide transparency on carbon emissions and support the shipping industry’s green transition.  The Poseidon Principles for Marine Insurance are a framework to quantitatively assess and disclose the climate  alignment of marine insurers’ underwriting portfolios. This pioneering initiative makes marine insurance the first  line

The Port of Long Beach is on the verge of processing more than 9 million cargo containers by the end of 2021 as efforts continue to make room for imports and deliver holiday goods as quickly as possible. Dockworkers and terminal operators have moved more than 8.6 million twenty-foot equivalent units through November, already surpassing