Influential shipowner association BIMCO has issued a report analyzing the severe negative impact of the Russian invasion of Ukraine on the global economy and the shipping industry. The global economy is already suffering from increased commodity prices. Oil, wheat, and maize (all key exports from Russia and Ukraine) are trading at decade highs, at least.
Gatineau, QC -On behalf of the Canadian Coast Guard, Public Services and Procurement Canada has awarded a $14.36 million contract ($16.5 million including taxes) to Chantier Davie of Lévis, Quebec, for vessel life extension (VLE) work on the Canadian Coast Guard Ship (CCGS) Louis S. St-Laurent, Canada’s largest icebreaker, in service since 1969. This follows an Advance Contract Award Notice issued on October 29,
The maritime and tourism sectors have been hit hard by the global COVID-19 pandemic. Canada is now ready to welcome cruise ships safely back to our waters. Today in Halifax, the Minister of Transport, the Honourable Omar Alghabra, announced the public health framework the Government of Canada is putting in place to restart cruise ship
Dutch shipbuilder Damen has announced its decision to stop deliveries of new vessels to Russian customers, thereby joining a growing list of suppliers and service providers responding to Russia’s invasion of Ukraine by severing ties until further notice. The firm said the decision will have a measurable impact on the company’s earnings. “It is a
The Minister of Transport, the Honourable Omar Alghabra, today announced an investment to build a new marine container examination facility within the Port of Halifax. The new facility will replace the existing off-site facility, significantly reducing inspection turn-around times, reducing Port congestion, and improving the efficiency, safety, security and operations for the Canada Border Services
Estimates suggest there are more than 2,000 seafarers stranded in Ukrainian waters in an increasingly dangerous situation with Russia tipped to shortly launch a full-scale assault on Odessa, Ukraine’s top port, Sam Chambers of the Splash247 news platform reported today. Latest data from shipping platform Sea/ shows there are still 100 merchant ships in Ukrainian
French authorities are stepping up their efforts to enforce EU sanctions against Russia by detaining commercial merchant ships and, in a high-profile action, announced they had seized a superyacht linked to one of Russia’s wealthiest oligarchs . French Economy Minister Bruno Le Maire thanked customs officers for their efforts citing breaches of the newly imposed
Arctic nations Canada, the Kingdom of Denmark, Finland, Iceland, Norway, Sweden, and the United States have condemned “Russia’s unprovoked invasion of Ukraine” and are “pausing” temporarily and indefinitely the work of the 8-state Arctic Council, the top intergovernmental forum of the region. In a joint statement, the seven countries noted “the grave impediments to international