A lack of U.S. Coast Guard icebreaking capacity is hindering shipping on the Great Lakes, a U.S. maritime industry coalition said on Thursday.During this year’s ice season, the U.S.-flag Great Lakes shipping industry lost the equivalent of a month due to delays in ice covered waters, according to the Great Lakes Maritime Task Force, which represents U.S.-flag vessel operators, shipboard and longshore unions…
Aker Arctic’s CEO Reko-Antti Suojanen announced he will leave his position in the company, while he and the Board of Aker Arctic have agreed that he will continue in his position as CEO until of January 31, 2024.Suojanen has benn CEO of Aker Arctic for 10 years…
As the temperatures start their annual decline on the Great Lakes, an icy chill is in the air. Shipping companies across the lakes are rushing to get final loads of critical raw materials from the northern lakes to the manufacturing facilities on the lower lakes…
A lack of Coast Guard icebreaking assets is hampering U.S.-flag shipping on the Great Lakes, according to industry coalition the Great Lakes Maritime Task Force.“The inefficiency introduced into the Great Lakes Navigation System by inadequate Coast Guard icebreaking resources impacts the carriers…
PAO Sovcomflot (SCF Group) signed a $110 million credit facility, for 10 years, with ING BANK N.V., SMBC BANK EU AG and UNICREDIT BANK AG, to finance two new ice-class shuttle tankers.The ships, scheduled to be delivered in Q1 2022, will serve…
The House Transportation and Infrastructure Committee on Tuesday approved $1 billion for U.S. Coast Guard shore side infrastructure nationwide and $350 million for a heavy Great Lakes icebreaker as part of its budget reconciliation bill, an…
South Korea shipbuilder Samsung Heavy Industries (SHI) may receive an order from Russia’s largest independent gas producer Novatek for 10 additional ice-breaking LNG carriers worth US$3Bn.A report by Business Korea said Novatek has asked the…
Pella Sietas, a shipbuilding company in Neuenfelde, Hamburg, has secured a EUR100 million ($111Mln) order from Russian authorities for a new icebreaker described as the biggest ever built in Germany.The new icebreaker, 'Eisbrecher7', with a length of 120m…
Ireland-based coastal shipping line operator Arklow Shipping (ASL) has added Arklow Accord the bulk cargo vessel to its fleet.Arklow Accord was successfully launched at the Ferus Smit shipyard in Westerbroek, Netherlands last week.M.V. Arklow…
South Korean shipbuilder Samsung Heavy Industries (SHI) has announced that it has signed a contract to assist Russian shipyard Zvezda Shipbuilding Complex with the construction of icebreaker LNG carriers for the Arctic LNG 2 project.According to a statement…
VT Halter in Pascagoula, MS has been on a strong run, capped by its winning the high-profile contract to build the U.S. Coast Guard’s next generation of icebreakers. Maritime Reporter recently spoke with Ron Baczkowski, President and CEO, VT Halter Marine…
Shipping group A.P. Moller-Maersk said on Friday it is in talks with Russia's state-owned icebreaker operator to send more goods via the Arctic, which is becoming more accessible as climate change reduces the sea ice.Russia has made developing…
The Great Lakes-St. Lawrence shipping industry is calling for at least five new icebreakers to be part of the federal government’s recent announcement of $15.7 billion for Canadian Coast Guard fleet renewal.Chamber of Marine Commerce President…
VT Halter Marine of Pascagoula, MS has emerged the victor in one of the most prized and coveted shipbuilding contracts in recent memory, a $746m deal to build the Coast Guard's lead Polar Security Cutter. If two additional ship options are exercised…
Finnish state-owned company Arctia Oy said that its vessels MSV Fennica and MSV Nordica have now both received certificates of compliance with the IMO Polar Code. Both vessels now have a Polar Class 3 (PC3) class notation.According to the owner and operator of Finnish icebreaker fleet…
