MONTREAL- Consolidated revenue totalled $604.7 million in 2020, a decrease of $35.2 million or 5.5% over 2019, Logistec Corporation announced. Revenue from the marine services segment was lower at $344.6 million, compared to $385.3 million in 2019. The Company reported a profit for the year of $32.8 million. “I am proud of our people’s resiliency in safely navigating COVID-19 while continuing to provide
As part of the UK Chamber of Shipping’s ongoing work with the UK government, the Department for Transport announced on March 15 that all seafarers, irrespective of nationality, will be exempted from Red List (Acute List in Scotland) country restrictions, most notably mandatory hotel quarantine, with effect from 0400 on Friday 19 March 2021. Seafarers
Finnish maritime technology firm Wärtsilä has just highlighted the potential for exhaust gas abatement systems to directly tackle maritime carbon dioxide (CO2) emissions in the near future, as technology advances and enables manufacturers to design and upgrade scrubbers to capture carbon at the point of exhaust. Wärtsilä has conducted extensive research and development to
Toronto – For the fourth consecutive year, the Port of Toronto moved more than two million metric tonnes of bulk and general cargo products, which represents another strong year in marine imports for the city. Despite the challenges of the COVID-19 pandemic, in 2020 the Port of Toronto experienced another strong year in steel
Bureau Veritas (BV) has released new-generation classification rules for wind propulsion systems. These rules will help support and drive the development of zero carbon propulsion options for modern ships. The new Bureau Veritas rule notation for Wind Propulsion Systems (WPS) NR 206 builds on pre-existing BV rules released in 1987. Now two new notations
Shipping congestion appears to be easing at the biggest port complex in the United States, though it remains to be seen whether this will be a lasting trend. Dockers at the adjoining ports of Los Angeles and Long Beach have made progress in the past week by reducing by nearly half a backlog that
Washington, D.C./Brussels/ Singapore- The proposal to create a USD 5 billion USD International Maritime Research and Development Board (IMRB) was submitted to the UN’s International Maritime Organisation (IMO) on the 10th of March 2021 by Georgia, Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore, and Switzerland. Denmark now joins as a co-sponsor, and we expect
In collaboration with Canada, the U.S. Coast Guard will transit through the Northwest Passage this summer, Adm. Karl L. Schultz announced in his annual address. “Today, along with Global Affairs Canada, we’re planning a Northwest Passage transit for cutter Healy later this year,” Adm.Schultz disclosed on March 11. The largest icebreaker in the U.S.