Canada’s minister of transport, Pablo Rodriguez, has outlined a steep increase in fines for violations under the Canada Shipping Act whereby the maximum penalty has been raised from C$25,000 to C$250,000 ($181,351). The revised penalties are structured into three levels: minor, medium, and serious....
Americas
Ontario Shipyards shuts Thunder Bay yard
Canadian ship repair and construction firm on the Great Lakes has halted work at its facility in Thunder Bay. Operations at the site have been temporarily idled largely due to a slow market and the availability of skilled workers, the company told local media. The yard struck a deal in 2020 to...
https://splash247.com/ontario-shipyards-shuts-thunder-bay-yard/
US probes Chinese shipbuilding pricing
The US presidential elections this year have a strong anti-China current with both candidates vowing to get tough with Beijing. Speaking in Pittsburgh to a steelmaking union yesterday, President Joe Biden announced plans to triple the tariff rate on steel and aluminum imports from China while the...
https://splash247.com/us-probes-chinese-shipbuilding-pricing/
Transocean picks up extensions for drillship pair
Offshore drilling giant Transocean has secured more work for its drillships in the US Gulf of Mexico and Angola. The New York-listed contractor revealed in its latest fleet status report that an undisclosed client in the US Gulf had extended the contract for the Deepwater Invictus into July this...
https://splash247.com/transocean-picks-up-extensions-for-drillship-pair/
Venezuela sanctions return
The Biden administration has reimposed oil sanctions on Venezuela, hitting out at President Nicolás Maduro for failing to follow a greater democratic path for the South American nation. American companies with investments in Venezuela have 45 days to wind down operations. Last October, Washington...
Joe Kramek to succeed John Butler at World Shipping Council
Liner lobby group, the World Shipping Council (WSC), has appointed Joe Kramek as its new president and chief executive officer. Kramek will succeed John Butler, who will retire at the end of July after nearly a decade at the helm. Before taking the top job, Kramek served as the WSC’s director of US...
https://splash247.com/joe-kramek-to-succeed-john-butler-at-world-shipping-council/
Genco slams George Economou as boardroom battle heats up
US-listed bulker owner Genco Shipping & Trading has urged shareholders in a definitive proxy filing to dismiss Greek shipping magnate George Economou’s proposal and his nominee to the company’s board. Economou, who, via his affiliated investment vehicles, holds about a 5.4% ownership stake in...
https://splash247.com/genco-slams-george-economou-as-boardroom-battle-heats-up/
Portland to close container terminal
The US west coast will bid farewell to a container destination come the end of September. Officials at Portland in Oregon have decided to close and likely repurpose the city’s sole mothballed container terminal this autumn as the facility no longer has any regular customers and has been losing...
Woodside Energy taps Argeo for Calypso survey off Trinidad
Norwegian surveyor Argeo has signed a contract with Woodside Energy for an AUV geophysical survey of the deepwater Calypso field off Trinidad and Tobago. The work will be carried out by the Argeo Searcher vessel and will begin in the third quarter of 2024. The project will occupy the vessel for...
https://splash247.com/woodside-energy-taps-argeo-for-calypso-survey-off-trinidad/
Panama Canal Authority increases daily slots and maximum draft
Further evidence that the worst of the El Nino-led drought is over in Central America came yesterday with an advisory from the Panama Canal Authority (ACP) announcing an increase in booking slots and maximum allowable draft. The ACP will gradually allow up to 32 ships through per day, compared with...
https://splash247.com/panama-canal-authority-increases-daily-slots-and-maximum-draft/