Canada maritime industry review

A routine ship on a special call, outside the normal liner schedule, turned into a costly oversight for a liner agent, resulting in unexpected expenses of US$135,000 – ultimately reimbursed by the International Transport Intermediaries Club (ITIC). The incident began when a liner agent received advance notice of an inbound vessel scheduled to make a special call outside the regular service pattern. Ship’s arrival at the discharge port Line informed the agent of a three-day delay i...

Nor-Shipping, in partnership with YoungShip, reveals the shortlist for this year’s Nor-Shipping Young Entrepreneur Award, with the drive to decarbonise, digitalise, and deliver greater inclusivity within the maritime industry taking centre stage. Set to be presented on 2 June at Nor-Shipping’s After Work ‘kick-off’ at Oslo’s famous Leketer’n venue, the prestigious accolade celebrates under-40s making waves with commercially viable solutions addressing key oce...

In alignment with Saudi Arabia’s vision to emerge as a global logistics powerhouse, the 2nd International Port & Marine Development Conference (IPMDC 2025) is set to take place from 13–14 May 2025 at the prestigious Hilton Jeddah. Organised by Creative Connect in association with Great Minds Event Management, this landmark conference gathers industry authorities and global experts to explore the evolving dynamics of port infrastructure, marine development, and the region’...

On 22 May 2025, maritime industry professionals from around the globe will come together at the prestigious De Vere Grand Connaught Rooms, Covent Garden, for the Royal Institution of Naval Architects’ (RINA) flagship Annual Dinner. This highly anticipated event offers an evening of celebration, reflection, and strategic dialogue for naval architects, marine engineers, and maritime innovators. New partnerships and relationships The dinner provides exceptional networking options with seni...

The prospect of a large-scale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates – but the situation remains far from certain. Data released by Xeneta – the ocean and air freight intelligence platform – shows global TEU-mile demand would decrease 6% if container ships begin sailing through the Red Sea and Suez Can...

In an industry first, ABS has published guidance to enable internal examination of tanks beyond the typical five-year requirements to once every 10 years, with options to have additional expanded survey intervals. The new guidance has the potential to maximise operational uptime for site-dependent assets such as floating storage and regasification units (FSRUs), floating production and storage and offloading vessels (FPSOs), floating storage and offloading vessels (FSOs) and floating offshore l...

ABS and HD Hyundai Mipo (HMD) have signed a joint development project (JDP) for digital manufacturing-based automation equipment for shipyards. The JDP establishes a collaborative framework focused on leveraging smart technology within HD Hyundai Mipo’s shipyard operations that include artificial intelligence, communication technologies, automation and robotics. ABS will utilise its Guide for Smart Technologies for Shipyards to help HMD identify opportunities for process improvement, foc...

Anemoi Marine Technologies, a globally renowned provider of innovative Rotor Sail technology solutions, has announced the appointment of Tejal Davda as Finance Director. Tejal brings a wealth of experience in maritime finance and leadership, further strengthening Anemoi’s executive team, which is now 33% female. Extensive industry experience Tejal holds a first-class degree in Economics and Business Finance and is a chartered accountant Tejal holds a first-class degree in Economics and...

Orca AI, a pioneer in maritime technology, announced it has closed an investment of $72.5 million in Series B funding. Brighton Park Capital led the round with participation from existing investors Ankona Capital and Hyperlink Ventures.  The investment will enable Orca AI to further its autonomous platform, add new capabilities and enter new categories, including defense and security. Autonomous shipping capabilities The funding will maintain the company’s...

Achieving optimal return on investment (ROI) for a maritime company involves a strategic combination of operational efficiency, revenue enhancement, cost control, careful financial management, attention to sustainability and regulatory compliance, and other factors. Given all the variables in play, profitability can be elusive, but our Expert Panel Roundtable has some ideas. We asked: How can maritime companies maximise return on investment (ROI)?

Traditionally, bulk cargo unloading has faced challenges around operational efficiency, safety risks, environmental impacts, and high operational costs. Rough discharges, equipment wear, vibration damage, and limited weather operating windows have all constrained vessel utilisation and performance. Moreover, older unloading systems are energy-intensive and labour-dependent, increasing both costs and environmental footprint. Cargo unloading systems Many bulk cargo unloading systems depend on...

When the Ballast Water Management (BWM) Convention came into force in 2004, it was in response to a crisis we couldn’t afford to ignore—one where invasive aquatic species, carried silently in ships’ ballast tanks, were devastating marine ecosystems. Now, two decades later, compliance with this environmental safeguard is no longer optional—and yet, as recent industry findings reveal, record-keeping failures account for 58% of compliance issues. That’s not a technol...

Ammonia is gaining traction as a future fuel in the maritime industry, primarily due to its potential to significantly reduce greenhouse gas emissions. A key driver for ammonia's interest is that it can be carbon-free when combusted, which aligns with the maritime industry's increasing pressure to meet emissions regulations. However, most ammonia production currently relies on fossil fuels. Transitioning to "green ammonia" production is crucial for sustainability. If "green ammonia" is produced...

President Donald Trump has already made plenty of headlines since taking up his second term in the White House, including with the announcement of numerous new tariffs on imports. The 47th United States President issued three executive orders on February 1st 2025, just days after his inauguration, which directed the US to impose an additional 25 percent ad valorem rate of duty on imports from Canada and Mexico, as well as ten percent on imports from China. How Trump’s 2nd term...

The shipping industry is currently navigating a profound transformation driven by environmental concerns, new emissions targets, and evolving regulations. As vessel owners and operators seek to reduce emissions while remaining competitive, determining the right strategy has become increasingly complex. Factors such as alternative fuel availability, fluctuating prices, and an ever-expanding range of technological solutions have made decision-making anything but straightforward. Lack of motivat...