maritimenews

CPKC and Lanco Group/Mi-Jack sell Panama Canal Railway to APM Terminals

Calgary – Canadian Pacific Kansas City Limited announced today that CPKC and the Lanco Group/Mi-Jack have sold the Panama Canal Railway Company (PCRC) to APM Terminals, a global terminal operator and an independent division of A.P. Moller – Maersk. PCRC provides ocean-to-ocean freight and passenger services along the Panama Canal and has been a 50/50 […]

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University of Osaka announces research unit to promote competitiveness of Japanese maritime industry

The University of Osaka, in collaboration with Imabari Shipbuilding Co., Ltd., Japan Marine United Corporation, Nippon Kaiji Kyokai, and MTI Co. Ltd. announced the establishment of the Open Collaboration Laboratory for Enabling Advanced Marine Systems (OCEANS) at the Techno Alliance Building within the Graduate School of Engineering at the University of Osaka in April 2025.

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Canadian firm seeks US approval for launching world’s first deep-sea mining in eastern Pacific Ocean

In an initiative denounced by a UN specialized agency, Vancouver-based The Metals Company (TMC) late last week announced it will seek approval from the United States to launch the world’s first deep-sea mine in an area of the Pacific Ocean between Hawaii and Mexico that is highly rich in minerals sought especially by manufacturers of

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OECD urges strengthened co-operation to sustain trillion-dollar ocean economy

While the ocean economy doubled in real terms, from USD 1.3 trillion in 1995 to USD 2.6 trillion in 2020, co-ordinated policy action is essential to safeguard its long-term prosperity and sustainability, a new OECD report finds. The OECD Ocean Economy to 2050 identifies key priorities for policymakers to secure a resilient and sustainable future ocean economy,

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Mark Carney announces $5B infrastructure funding plan for ports, railways, inland terminals, airports and highways

Montreal – At an election campaign press conference today at the Port of Montreal, Prime Minister Mark Carney announced that, in the face of President Trump’s unjust tariffs, a Liberal-led government would implement a major plan to invest in trade enabling infrastructure, to diversify Canadian trade away from the United States, create new jobs and

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Maersk appoints Michelle Grose as new Area Managing Director/President for Canada

Integrated logistics company A.P. Moller – Maersk (Maersk) has announced the appointment of Michelle Grose as the new Area Managing Director/President for Canada, effective April 1, 2025. She will be based out of Toronto. A native of the GTA (Great Toronto Area), Grose has more than 20 years of industry experience and has held influential

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Global Maritime Forum launches crewing guidelines to address workforce shortfall

Singapore –  In a first-of-a-kind move to improve seafarer well-being and tackle worsening labour shortages in the shipping industry, the Global Maritime Forum today launched new Sustainable Crewing Guidelines, nine concrete recommendations to improve life at sea. The guidelines aim to boost working conditions and alleviate the forecasted shortfall of 90,000 trained seafarers by 2026

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Bollinger Shipyards receives nearly $1B to finance cost overrun for polar icebreaker

Bollinger Shipyards has received a $951.6 million Fixed-Price-Incentive-Firm Target (FPIF) contract modification from the U.S. Coast Guard to continue the design and construction of the so-called Polar Security Cutter (PSC) – the first new heavy icebreaker to be built in 50 years in the United States. This milestone underscores Bollinger’s integral role in strengthening America’s

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Panama Canal plans special slot for greener ships

The Panama Canal Authority (PCA) has announced plans to launch dedicated transit slots for vessels with low carbon emissions. Beginning on October 5, a weekly transit slot will be reserved for neo-panamax ships that meet specific low-carbon emission requirements. Unlike previous announcements, this slot will not be offered through an auction but through a competition

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