St. Lawrence – Great Lakes Seaway shipping line Algoma Central Marine is spending $300 million on new ships, including six that will be 45% more fuel efficient per cargo tonne/kilometre than existing vessels. These ‘Equinox-class’ lakers provide Wärtsilä with a $12 million ground-breaking order for complete propulsion packages that come with fully integrated fresh water scrubber systems. The lakers to be delivered by China’s Nantong Mingde Heavy Industrial Stock Company shipyard over the next couple of years are designed to lift 30,000 dwt of bulk cargo, wheat and ore, for carriage through the seaway to the American heartland in ‘Lakers’ hallmark slim 225 m long hulls.
Algoma Equinox-class Laker: Image credit – Algoma Central Corporation
Replacement of the St Lawrence Seaway FleetsThe big three fleet operators, Algoma Central, Canada Steamship Lines and Fednav, all with relatively elderly ships, have been s... [More]
The international maritime sector is prime candidate to take the hit of a tax on shipping bunkers, analysts are convinced, after recent U.N. Climate Change talks in Durban agreed the design of a 'Global Climate Fund' to channel up to $100 billion a year to compensate poorer nations whilst leaving open the question of where the money would be coming from. Oxfam and green group WWF tabled a Durban motion calling for a carbon levy of a massive $25 per tonne oil bunker tax but failed to obtain a consensus, nevertheless firing a warning shot across the industry’s bows. Latest news of advancements in the LNG fuel project for diesel engines, and a bullish forecast for future growth in LNG take-up follows below. LNG Supply Side DevelopmentsWorld-wide expansion plans for new LNG bunker station are reported by Zeus Intelligence listing in the past week supply proposals in such varied locations as on the Yangtze River; Port Fourcheon, Louisiana; Trinidad in the West Indies, and a... [More]