News

    Ottawa – The National Maritime Group, a coalition of private sector maritime employers and operators from coast to coast and through the St. Lawrence, today released their national Economic Impact Study by InterVISTAS. The Economic Impact Study confirmed that where ships meet shore, Canada’s private sector maritime employers and operators play a crucial role in the national

  China’s giant Cosco Shipping Holdings and its Hong Kong-listed subsidiary Orient Overseas (International) (OOIL) have signed contracts for 12 24,000 TEU vessels in deals totaling $2.9 billion. The new vessels will be dual-fuel, able to operate on methanol and low-sulfur diesel. In a filing to the Hong Kong stock exchange Monday, Cosco said it

  Among the selected projects, Salem Wind Port Project ($33,835,953) Salem, Massachusetts  WASHINGTON – Today, the U.S. Department of Transportation announced more than $703 million to fund 41 projects in 22 states and one territory that will improve port facilities through the Maritime Administration’s Port Infrastructure Development Program, a greater amount than any year in the

  DCT Gdansk, the largest and fastest-growing container complex in the Baltic Sea region has a new name: ‘Baltic Hub’. The terminal operator announced its name change that better represents its ambitions to be THE hub for the region, both by land and by sea, to staff just two weeks after it had celebrated its

    Oregon based NuScale Power LLC (NuScale) and Canadian Prodigy Clean Energy Ltd. (Prodigy) have announced a new conceptual design for a transportable and marine-based small modular reactor (SMR) power generating facility which they would like shipyards to build. The updated concept will be used for engagements with utilities, regulators, and shipyard manufacturers.  Prodigy

  Despite initiatives by carriers of blanking sailings, combining routes and scrapping older, smaller vessels, overcapacity in container shipping will continue to increase due to weak economies and record orderbooks, according to the Alphaliner consultancy in its latest market assessment. As a result, industry analysts anticipate a continued downward pressure on ocean freight rates. Alphaliner 

  Québec – La Société des traversiers du Québec (STQ) annonce qu’après près de quatre ans à la tête de la société d’État, son président-directeur général (PDG), M. Stéphane Lafaut, entreprendra un nouveau défi professionnel qui sera annoncé au cours des prochaines semaines. Il s’agit d’une décision personnelle qui a été mûrement réfléchie. Afin d’assurer

  CLEVELAND – Shipments of iron ore from U.S. ports on the Great Lakes totaled 5.1 million tons in September, a decrease of 5.6 percent compared to a year ago, reported the Lake Carriers Association. Shipments were below the month’s 5-year average by 6.5 percent. Year-to-date, the iron ore trade stands at 29.2 million tons,