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EverWind Fuels awarded $22.5 mln investment from Government of Canada for Clean Port & Green Fuels Hub

EverWind Fuels awarded $22.5 mln investment from Government of Canada for Clean Port & Green Fuels Hub
EverWind Fuels has received $22.5 million from Transport Canada’s Green Shipping Corridor Fund, marking a significant milestone in establishing Atlantic Canada as a premier hub for green hydrogen and ammonia production and transportation, according to the...
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New Fortress Energy provides update on its initial FLNG asset

New Fortress Energy Inc. announced that its initial Fast LNG unit has completed its third cargo loading. The cargo has been loaded onto the BW Pavilion and is setting sail for NFE’s operation in Puerto Rico, according to the company’s release. The unit is...
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Latin America-Caribbean shipping struggles amid geopolitical and climate crises

Latin America-Caribbean shipping struggles amid geopolitical and climate crises
UNCTAD’s Review of Maritime Transport 2024 reveals severe challenges facing the maritime sector in Latin America and the Caribbean. Climate disruptions, geopolitical crises, and trade imbalances have significantly impacted the region, with disruptions in the Panama...
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Winds of change: Giant cargo sailboats and propulsion technology are transforming the high seas

Serge Picard knew next to nothing about sailboats, beyond having mucked around in one at a summer camp in Quebec many moons ago, prior to commencing an internet search that eventually led to Guillaume Le Grand, a Breton who was raised around sailboats in northwest...
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Panama Canal Net Income Rose to $3.45 Billion Despite Drought

Panama Canal Net Income Rose to $3.45 Billion Despite Drought
The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe drought that reduced the number of vessels that passed through the waterway, its authority said. The third driest year in the canal’s history reduced...
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High freight rates strain global supply chains, threaten vulnerable economies

Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major maritime routes and rising operational costs. The strain on supply chains and economies is intensifying, with vulnerable small island developing States (SIDS) and...
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