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Fourteen countries, led by Denmark and including the United States, have supported a goal to achieve zero emission shipping by 2050. Announced Monday on the sidelines of the UN COP26 climate summit in Glasgow, the maritime sector declaration seeks to develop momentum for a major objective of the International Maritime Organization (IMO). New emission-reducing measures […]

Ocean Group was named the recipient of the RH-Meilleures pratiques presented at the Fidéides evening of the Chambre de commerce et d’industrie de Québec (CCIQ). The Fidéides evening, held on October 27, is a recognized event in the business community of the Québec and Chaudière-Appalaches regions. It rewards companies that have distinguished themselves during the year by their business performance and the

Gilching, Germany – Torqeedo and Italdraghe today announced the joint development of an outboard, retractable electric propulsion system for commercial vessels in inland and urban waterways. The system combines Torqeedo’s Deep Blue high-voltage electric power system and Italdraghe’s proven and extensively field-tested steerable azimuth thrusters. It is designed to provide emission-free power and directional thrust ideal

Kawasaki Kisen Kaisha, Ltd. (“K” Line) and compatriot Kawasaki Heavy Industries, Ltd. (KHI) as well as Preferred Networks announced that they have concluded a co-development contract for “AI (Artificial Intelligence)-based Marine Machinery Operation Support System that is expected to be part of the core technology to achieve autonomous vessel operation in the future. The system

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

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,