Mitsui O.S.K. Lines, Ltd. signed a Memorandum of Understanding with the Far East Investment and Export Agency under the Ministry of the Russian Federation for the Development of the Far East to cooperate with each other in the development of the Northern Sea Route and the Russian Far East…
China unveiled its ambitions to develop a 'Polar Silk Road' through the Arctic, joining a multinational race to exploit opportunities in the resource-rich region, as the shipping lanes opened up by global warming. China said it would encourage…
China on Friday outlined its ambitions to extend President Xi Jinping's signature Belt and Road Initiative to the Arctic by developing shipping lanes opened up by global warming. Releasing its first official Arctic policy white paper, China…
Chamber of Marine Commerce President Bruce Burrows today unveiled a 2018 wish list for legislative and policy makers to build on the economic momentum of Great Lakes-St. Lawrence and coastal shipping in Canada and the U.S.“2017 was a year…
Canada's Arctic is a vast and diverse region that is an integral part of this country. Marine transportation in the Arctic connects Canada to other countries and provides an essential lifeline for northern communities. To uphold the Government…
At the current rate of carbon emissions of about 35 to 40 gigatons a year, scientists are estimating that the Arctic could become ice-free within the next 20 years, Suptnik reported quoting National Snow and Ice Data Center (NSIDC) in Boulder…
Mitsui O.S.K. Lines (MOL) announced that on December 21, a naming ceremony for an ice-breaking LNG carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering (DSME)…
Teekay LNG Partners said its first icebreaker liquefied natural gas (LNG) carrier newbuild, Eduard Toll, recently completed gas trials. Eduard Toll is Teekay’s first of six 172,000 cubic meter ARC7 LNG carrier newbuildings to be constructed for the Yamal LNG project…
International law firm Watson Farley & Williams (WFW) advised Banca Popolare di Milano S.p.A. (BPM) regarding a US$28.8m loan facility granted to L.G.R. di Navigazione and secured by, inter alia, mortgages over two medium range ice class tankers…
Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers. At the same time Rosnefteflot and Taimyrneftegaz signed an agreement for 20 year time chartering of these tankers…
New expert hire reflects that traveler safety is at the forefront for the cruise line. Windstar Cruises has announced that they are welcoming seafaring safety specialist Michael Inman as the newest member of the boutique cruise line’s highly accredited leadership team…
South Korea’s leading container carrier Hyundai Merchant Marine Co (HMM) is considering launching a regular liner service via the Arctic Sea, a move that could cut transits between Asia and Europe considerably, reported Pulse. South Korea’s…
NASA and the Norwegian Mapping Authority are partnering to develop a state-of-the-art satellite laser ranging station 650 miles from the North Pole that will produce high-precision locations of orbiting satellites, help track changes in the…
Following the launch of International Maritime Organization (IMO)’s film on the IMO Polar Code, a new video (watch video here) focused on search and rescued in polar regions is being published.The second video in a series on IMO in the polar…
Maersk Line meets Polar Code Deck Officer Training requirements through a series of tailor-made Ice navigation courses by Aboa Mare in Finland Deck officers and captains from Maersk Line have begun a series of ice navigation training courses at Aboa Mare in Turku…
