News

  A continued downward trend in Somali piracy has prompted shipping organisations to reduce the geographic boundaries of the High Risk Area (HRA) for piracy in the Indian Ocean, which will apply from September 1 2021, reported the Splash247.com newsletter. In broad terms, the changes agreed by BIMCO, ICS, INTERCARGO, INTERTANKO, and OCIMF, representing the

Trois-Rivières, Quebec – The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for CED (Canada Economic Development), announced $3,772,998 in financial support for the Trois-Rivières Port Authority. This organization, which ensures the sound management of the public infrastructure under its responsibility, fosters commercial activity and regional and national development. The project

A report published by Maritime-Executive indicates that China is advancing its Arctic ambitions with the icebreaker Xuelong 2 undertaking the second scientific expedition in Arctic waters. The vessel departed from Shanghai last month and is currently engaging in a three and half month odyssey in the Arctic Ocean with a mission of advancing Chinese interests in the region.

Houston, Texas – ABS is launching enterprise-grade, AI-powered chatbots and voicebots on its ABS My Digital Fleet™ risk management platform together with yellow.ai, the world’s leading Conversational AI Platform. This marks an important industry first as no such digital solution has previously been deployed to provide shipping companies with helpful information and support in a conversational

Ireland-based DP Energy has entered into a Joint Development Agreement (JDA) with Chubu Electric Power Company (Chubu) and Kawasaki Kisen Kaisha (“K” LINE) to develop the first phase of the Uisce Tapa tidal project in the Bay of Fundy, Nova Scotia. The Bay of Fundy is home to some of the highest tides in the

    Responding to today’s publication of the Intergovernmental Panel on Climate Change (IPCC) report, Climate Change 2021: The Physical Science Basis, the Clean Arctic Alliance called on the International Maritime Organization to make immediate cuts to black carbon emissions from shipping in the Arctic, and to urgently reduce black carbon emissions globally. The Alliance groups

  According to Drewry maritime consultancy, ocean container prices have doubled in one year to a never-seen level of US$6,500 while leasing rates have similarly entered record territory. The UK-based consultancy’s  annual container and leasing review said the price reached at the end of the second quarter was the highest since 1998. John Fossey, Drewry’s

  Mediterranean Shipping Company said today it was shocked to learn of the accusations made by MCS Industries and the complaint filed by MCS Industries with the FMC, a notice of which was published by the FMC on August 3. (See MM August 4) MSC received no formal complaint by MCS Industries in advance of