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  In its transportation statistics 2020, TSB Canada recorded a total of 262 marine accidents (resulting directly from the operation of a ship), down from the 2019 total of 267 and below the 10-year average of 289. In 2020, the proportion of shipping accidents was 84% of marine accidents, comparable to the previous 10-year average […]

  According to UK-based Drewry maritime consultancy, global container carriers are on track for an annual 2021 profit of $80 billion, and this could even stretch to $100 billion  should rates continue their meteoric rise through the second half of this year. This represents a substantial upgrade to its $35 billion forecast of earnings before

  The 20,388TEU Ever Given is to leave the Suez Canal for Northern Europe after more than three months of legal wrangling, following an agreement announced between the Suez Canal Authority (SCA) and the vessel owners and insurers. “Following the agreement in principle between the parties, and after further meetings with the Suez Canal Authority’s negotiating committee

  After tasting the pleasures of the old capital for a few days, Theodore TOO approaches Trois-Rivières where he is expected around supper time. Funny fact, Theo symbolically met his new owner when he crossed the M.V. Blair Mckeil off Batiscan. It was indeed Blair McKeil who recently purchased Theodore TOO, he that ran for many

  There is so much talk about the environmental commitment of the largest container carriers. The companies have joined initiatives and promised serious efforts to decarbonize and become more environmentally responsible. However, the first half of 2021 ended yesterday, and seven out of the twelve largest container carriers in the world have not released their

  Lloyd’s Register, a global provider of professional services specialising in engineering and technology solutions, has announced the sale of 100% of its Business Assurance & Inspection Services division, including cyber-security business Nettitude, to Goldman Sachs Asset Management. The transaction is a key milestone in Lloyd’s Register’s strategy to become the go-to partner and adviser

  According to Moody’s Investor Service, container shipping rates will remain at record levels for the rest of this year and into 2022. Global demand is significantly outpacing capacity in an environment that will further increase carrier profits. “We expect financial performance to be even better in 2021 than it was in 2020,” the ratings

  By Leo Ryan, Editor Canada’s federal government has delivered a clear rejection of the Port of Québec‘s ambition to launch a second container gateway on the St. Lawrence River complementing Montreal, affirming that the Laurentia project does not meet the standards of economic development that fully respect the environment. This decision Tuesday by the

  Costs are rising in the crewing sector and crew shortages are beginning to be seen as Covid-19 travel restrictions and vaccination delays impact on the availability of trained seafarers, warns Danica Crewing Services. Noting recent changes in the availability of crew members, Henrik Jensen, Danica Managing Director, said that the Eastern European crewing market

  Civilians flee the conflict in northern Mozambique where increasing violence makes safe crew change impossible. Photo ITF Ship owners should stop attempting to perform crew changes in northern Mozambique while seafarers are at risk of attack or kidnapping by violent terrorist groups operating in the region. The International Transport Workers’ Federation (ITF) supports the