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Japanese majors form consortium to develop and commercialize zero-emission electric ships
Seven companies – Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company, and Mitsubishi Corporation – today announced establishment of the “e5 Consortium,” with the goal of establishing new ocean shipping infrastructure services through various initiatives to
COVID-19 provokes mixed results for Canadian Great Lakes-Seaway Ports
Tonnage reports from Canadian ports for the first five weeks of the Great Lakes-Seaway shipping season are mixed, reflecting the impact of the COVID-19 pandemic. “The shipping industry is starting to notice changes in demand for certain commodities,” says Bruce Burrows, President and CEO of the Chamber of Marine Commerce. “We continue to see an
NYK succeeds in landmark remote navigation of tugboat across Tokyo Bay
Nippon Yusen Kaisha (NYK) and its group companies MTI, Keihin Dock, and Japan Marine Science (JMS) have successfully tested the remote navigation of a tugboat as a part of the Japanese government’s Sea Trial Project on Remote Control Navigation. Within Tokyo Bay, a tugboat equipped with a manned remotely controlled system was operated remotely from
How green stimulus measures could fuel shipping’s decarbonization
By Johannah Christensen, Managing Director, Global Maritime Forum and Anthony Hobley Executive Director, Mission Possible Platform, World Economic Forum Policymakers should invest in shipping’s green transition when deciding on policies and stimulus measures to kickstart the global economy. We are in the middle of a global health crisis that will have severe consequences for people around
Global sailing schedules fall victim to COVID-19
The practice of cancelling sailings on an industrial scale has been, since February, the strategy put in place by the carriers to address the huge volume drop across major container trades globally, since the outbreak of COVID-19. UK-based Drewry consultancy believes that carriers will continue the practice of large-scale blank sailings “for months” and urges
Canadian vessels lower flags to honour shipping giant Jack Leitch
Canadian vessels lowered their flags to half-mast yesterday to honour John “Jack” D. Leitch, a long-time pillar of the Great Lakes marine transportation community, who passed away Tuesday at the age of 99. Ships from Algoma Central Corporation, who purchased Upper Lakes Shipping from Mr. Leitch in 2011, along with other Canadian fleets participated in
New date: SMM international maritime trade fair to take place from 2 to 5 February 2021
SMM international maritime trade fair, has been postponed to 2-5 February 2021 in response to the coronavirus pandemic and its global impact on major events and international travelling. “The continued highly dynamic development of COVID-19 and the resulting ban on major events have left us no other choice but to postpone SMM to next year.
Rand completes acquisition of American Steamship Company
JERSEY CITY, N.J.- Rand Logistics, Inc. today announced it has completed the acquisition of American Steamship Company (ASC) from GATX Corporation. Rand is a portfolio company of American Industrial Partners (AIP) and provides dry bulk shipping services throughout the Great Lakes region. The combination of Rand and ASC moves almost 50 million tons annually of dry bulk