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Algoma orders first new Equinox 2.O Class vessel
St Catharines, ON – Algoma Central Corporation announced today that it has entered into a contract with Yangzijiang Shipyard in Taicang City, China to build a new Seaway-Max self-unloading vessel for its domestic dry-bulk fleet. The as-yet unnamed vessel will be the first of the new Equinox 2.0 Class, a design that builds on
BIMCO faces carbon challenge with new charter party clauses
An impact study by BIMCO and several key stakeholders to identify the commercial and contractual implications of impending International Maritime Organization (IMO) carbon regulations has highlighted a raft of contractual challenges. BIMCO’s documentary experts have begun preparing charter party clauses to assist owners and charterers comply with the new regime. Charter parties that extend
Big success of the first-ever ‘Assises’ devoted to Québec Maritime Sector
By Leo Ryan, Editor As an event bringing together government and industry representatives to engage in dialogue on how to map the future, the first Assises Québécoises du Secteur Maritime, held today in the virtual format due to the global pandemic, was clearly a big success. After being kicked off via a video message
ClassNK delivers AiP for the Aquarius Marine Renewable Energy solution
Eco Marine Power announced that it has recently received Approval in Principle (AiP) from ClassNK of Japan (Nippon Kaiji Kyokai) for its Renewable Energy System for Ships – “Aquarius Marine Renewable Energy with EnergySail”. The Japanese company considers this is a significant step towards the realization of a zero-emission power and propulsion solution for
Stolt Tankers join Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping as Strategic Partner
Stolt Tankers and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping signed a Partnership Agreement that formalizes their joint working. With this agreement, Stolt Tankers become an official partner to the Center, committing to long-term collaboration around the development of zero carbon solutions for the maritime industry. Through this partnership the two organizations commit
Saint John receives first vessel on Hapag-Lloyd Mediterranean service
The new Mediterranean service by Hapag-Lloyd to the Port of Saint John is off and running following the recent agreement between the German shipping line and Canadian Pacific. As scheduled, the Liverpool Express containership arrived at the New Brunswick port early yesterday and offloaded containers before departing for Montreal. “Nothing better than having the
Long-term ocean freight rates rise again in May as demand thrives
Shippers could be forgiven for asking, ‘when will it end?’ A year of historically high long-term contracted container rates is being pushed to new heights, with a further 9% surge in prices across the month of May. According to the latest market intelligence from Xeneta’s Long-Term XSI® Public Indices, which crowd sources rates from
2020 results underline resilience of Port of Trois-Rivières
The Trois-Rivières Port Authority (TRPA) held its annual general assembly today, which was an opportunity to review the results of 2020 and to highlight the work and resilience of the Trois-Rivières port community. In the past year, the Port welcomed 209 vessels and handled 3.3 million metric tonnes of cargo, resulting in a net