Canada’s Tenaz Energy has entered into an agreement with Nederlandse Aardolie Maatschappij, a joint venture between Shell and ExxonMobil, to acquire its offshore arm for €165m ($180m). The acquisition of NAM Offshore will have an effective date of January 1, 2024, and is expected to close in...
https://splash247.com/tenaz-energy-buys-nam-offshore-from-shell-exxon-dutch-jv-for-180m/
China’s People’s Liberation Army Navy and the Russian Navy wrapped up a joint exercise in the South China Sea and a separate joint naval patrol this week.
The two navies finished what the PLAN calls Joint Sea 2024, which is known as Maritime Interaction 2024 to the Russians. The drills began on Monday in the South China Sea,...
https://news.usni.org/2024/07/18/chinese-plan-and-russian-navy-finish-south-china-sea-exercise
In a statement that was perhaps somewhat overshadowed by the announcement of the ICE Pact, Canada’s Minister of National Defence, Bill Blair, last week announced that Canada is taking the first step towards the procurement of up to 12 conventionally-powered, under-ice capable submarines – and that Canada is launching the process to formally engage industry on this acquisition.
“As the country with the longest coastline in the world, Canada needs a new fleet of submarines – and today, we’ve...
By Malte Humpert (gCaptain) – The U.S. intends to create an Icebreaker Collaboration Effort (ICE) with Canada and Finland to overcome challenges of producing the next generation polar icebreaker and…
On the sidelines of this week’s NATO summit in Washington DC the US, Canada and Finland have agreed to work together to build more polar icebreakers. The so-called ICE Pact – which stands for Icebreaker Collaboration Effort – is a potential sizeable bonus for many shipyards in North America and...
In a joint statement released today, the leaders of the United States, Canada, and Finland announced their intent to create the Icebreaker Collaboration Effort, or ICE, Pact, which is a trilateral arrangement to collaborate on the production of polar icebreakers and other capabilities. This collaboration is intended to strengthen the shipbuilding industry and industrial capacity of each nation – and build closer security and economic ties among our countries through information exchange and...
https://www.marinelog.com/news/u-s-canada-and-finland-in-new-polar-icebreaker-ice-pact/
A Chinese yard has been tasked with building the world’s largest cement carrier. NovaAlgoma, the joint venture between the Italian-Swiss group Nova Marine Carriers and Canada’s Algoma Central Corporation, has ordered a 38,000 dwt ship at Zhejiang Xinle Shipbuilding in Ningbo. The vessel will be...
https://splash247.com/novaalgoma-orders-worlds-largest-cement-carrier/
The threat of port strikes across North America continues to send jitters across already stressed supply chains. Canada’s Industrial Relations Board (CIRB) over the weekend ruled that a planned 72-hour strike against DP World in Canada went against the country’s labour code, narrowly averting a...
https://splash247.com/threat-of-port-strikes-across-north-america-has-shippers-on-edge/
Canadian owner CSL Group has entered into a 21-year, $598m strategic partnership with BCI Minerals to build and operate a new transhipment vessel to support the Mardie salt and potash project. The first phase of the contract involves the provision of a transhipment vessel from CSL in the second...
https://splash247.com/csl-pens-598m-transhipment-vessel-deal-with-bci-minerals/
