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Orders for methanol-fuelled vessels overtake LNG bookings

  According to DNV, the world’s largest classification society, monthly orders for methanol-fuelled ships surpassed LNG bookings for the first time in October.The methanol vessel order book was boosted by Maersk, COSCO Shipping Lines and OOCL with a combined order total of 18 container ships. This brought the total of methanol-fuelled container vessels on order […]

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Port of Belledune eyes nuclear technology to develop Green Energy Hub

  The Belledune Port Authority (BPA) has announced that it is working with Cross River Infrastructure Partners to pursue the use of advanced small modular reactor (aSMR) technology as part of a future expansion at the northern New Brunswick port.The development proposes to use aSMR from ARC Clean Technology Canada (ARC) to generate a minimum

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Global liner shipping ready for the EU Emissions Trading System

    The World Shipping Council, which represents the international liner shipping industry, today issued a positive response to the preliminary agreement reached by the European Parliament, Council and Commission to include the maritime sector in the EU Emissions Trading System (EU ETS). “Liner shipping is already investing in the transition to zero GHG fuels, and is eager

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UNCTAD urges greater investment in infrastructure and sustainability

  The UN Conference on Trade and Development (UNCTAD) in its flagship “Review of Maritime Transport 2022” has called for increased investment in maritime supply chains. Ports, shipping fleets and hinterland connections need to be better prepared for future global crises, climate change and the transition to low-carbon energy.The supply chain crisis of the last

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Damen Shipyards, Caterpillar and Ron Power sign MOU to develop methanal-powered tugs

  Damen Shipyards, Caterpillar and Ron Power signed a Memorandum of Understanding on November 28 for the joint development of a series of dual-fuel methanol / diesel powered tugs. This follows Damen’s recent delivery of its first, all-electric RSD-E Tug 2513 (per photo) to Ports of Auckland, New Zealand, continuing its commitment to becoming the world’s

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Logistec wins IBJ award for safety in bulk handling

  LOGISTEC Stevedoring Inc., a subsidiary of LOGISTEC Corporation and a leading North American marine services provider, received the Safety in Bulk Handling Award at the International Bulk Journal’s “IBJ” ceremony in Rotterdam, Netherlands. The award recognizes excellence in the Maritime Bulk Industry, placing LOGISTEC at the forefront of best practices for the safe handling of

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Former CSL Group CEO Rod Jones receives IBJ Lifetime Achievement Award

  Montreal – The CSL Group has announced that former CSL President and CEO, and current Board member, Rod Jones, was presented with a Lifetime Achievement Award on Monday evening, during the International Bulk Journal (“IBJ”) Awards in Rotterdam, Netherlands.“Respected throughout the global marine transportation industry, Rod Jones stands out as an inclusive, accessible and modern leader

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Xeneta forecasts drops in ocean rates, volumes and demand as storm clouds gather for 2023

  After over two years of rising rates and overstretched capacity, the rapidly cooling ocean freight market looks set for an “extremely challenging” 2023, according to Xeneta. The Oslo-based market intelligence platform.An in-depth analysis of the latest real-time ocean and air freight rates, combined with expert trend forecasts, suggests that ocean cargo volumes could fall

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