July 22nd, 20190Canadian owner CSL has sent its 1959-built bulker Eda, formerly known as , to an eco-friendly recycling yard in Turkey. The ship will be dismantled as part of the company's fleet optimisation program and it will be recycled in accordance with local legislation and international conventions. “Despite her age, Cedarglen was an...
July 16th, 20190North American authorities have told ship operators to step up their searches for Asian gypsy moths (AGM) or risk being kicked out of port. The warning comes after a number of vessels arrived in Vancouver last week with AGM infestations and the vessels were ordered to vacate the port. The US Department of Agriculture (USDA) and...
June 24th, 20190A contract for Teekay Offshore Partners to provide FPSO to Alpha Petroleum Resources has been terminated. The contract was for the FPSO to operate at the Cheviot field on the UK continental shelf for seven years from 2021. Part of the deal was for Alpha Petroleum to provide initial funding to cover life extension and upgrade costs...
June 17th, 20190Canada’s first propane export terminal – Altagas’s Ridley Island Export Terminal (RIPET)– has become operational, upping global LPG supplies. “The entry of the country as a new LPG supplier and the strategic location of the terminal will favour exports to Asia and provide an opportunity for Canada to garner a good share of...
June 13th, 20190Canadian owner Algoma Shipping has completed the acquisition of the interest of Oldendorff Carriers in the CSL International Pool, including the three vessels owned by Oldendorff operating in the pool. Algoma first announced the deal in January. As a result of the transaction, Algoma’s interest in the pool has increased to...
June 12th, 20190Created four years ago to much fanfare and a huge marketing blitz, the project to turn Vancouver into a major maritime hub is now on its last legs as changes in local and federal governments have seen state funding switched off for the ambitious project. Launched in April 2015, with an initial three-year state funding mandate,...
June 3rd, 20190Best known for its pioneering containership investments, Vancouver-based ship lessor Seaspan Corporation is diversifying under new management, with LNG seen as a potential new direction. Nevertheless, despite headwinds the company remains optimistic that the market fundamentals for its largest source of business, boxships, remain...
May 29th, 20190Hong Kong’s Hutchison Ports is teaming with Canadian National Railway (CN) to build and operate a new riverine container terminal in Québec, now called Laurentia. The $775m terminal project was previously called Beauport 2020. The development allows “the St Lawrence to gain additional growth and competitiveness with US ports,"...
May 24th, 20190Teekay Corporation has agreed with Canadian Natural Resources (CNR) to extend the employment of its FPSO unit for one year. The extension will see the unit operating on the Banff field in the North Sea until at least the end of August 2020. Teekay says the extension is at substantially similar terms to the current contract, which...
May 23rd, 20190Justin Trudeau has moved to end a long simmering diplomatic spat with the Philippines. Canada’s environment minister, Catherine McKenna, said yesterday that Canadian trash that has been rotting in the Philippines for nearly six years will be back on Canadian soil before the end of June. Ottawa has awarded a contract to Bolloré...
