Daily Digital Magazine: Pg. 17 — May 31, 2019

Five new Canadian icebreakers sought for Great Lakes

Maritime shipping interests have asked the Canadian government to consider building the icebreakers as part of $15.7 billion Canadian Coast Guard fleet renewal.

   Maritime shipping interests have asked the Canadian government to consider constructing at least five new icebreakers for the Great Lakes and St. Lawrence Seaway as part of a recently announced $15.7 billion Canadian Coast Guard fleet renewal program.
   The Chamber of Marine Commerce in Canada praised the Coast Guard’s recent retrofits to three existing icebreakers in the fleet but warned that it will “not be adding any extra capacity but take the place of other vessels that will be out of service for major repairs.”

Five new Canadian icebreakers sought for Great Lakes

Maritime shipping interests have asked the Canadian government to consider building the icebreakers as part of $15.7 billion Canadian Coast Guard fleet renewal.

Five new Canadian icebreakers sought for Great Lakes

Maritime shipping interests have asked the Canadian government to consider building the icebreakers as part of $15.7 billion Canadian Coast Guard fleet renewal.

 
Continued from previous page
   Maritime shipping interests have asked the Canadian government to consider constructing at least five new icebreakers for the Great Lakes and St. Lawrence Seaway as part of a recently announced $15.7 billion Canadian Coast Guard fleet renewal program.
   The Chamber of Marine Commerce in Canada praised the Coast Guard’s recent retrofits to three existing icebreakers in the fleet but warned that it will “not be adding any extra capacity but take the place of other vessels that will be out of service for major repairs.”
   Chamber President Bruce Burrows said in a statement, “It’s important that these ships be part of the resource pool for Great Lakes-St. Lawrence shipping, which was plagued with ice problems in the Great Lakes this past spring and during the winter on the St. Lawrence River. However, we also need an urgent commitment that new ice-breaking vessels will be built within the next five to 10 years for our region as part of the recently announced program for Coast Guard fleet renewal.”
   The chamber noted that two U.S. Coast Guard icebreakers were out of service in March, while a Canadian icebreaker assigned to Lake Superior operated at 60 percent of capability due to mechanical problems in April.
   Ice buildups in the St. Lawrence River in January led to eight containerships becoming stuck at the Port of Montreal. The same thing happened to 10 other ships calling other Quebec ports that month.
   “We need to preserve the international reputation of the Great Lakes-St. Lawrence navigation system as being a reliable trade gateway that’s open for business,” Burrows said.
   The chamber estimated that the cost to the Canadian economy of a Canadian-flag ship with delayed cargo delivery in the Great Lakes and St. Lawrence Seaway is more than $500,000 a day.   

I think LNG is a transitional fuel. It’s not the fuel for the future.  However, it meets all the regulations that’s out there ... vessels need to operate under until 2050. It gets us through until we figure out what that next fuel is.

The FBX, a global container freight index measuring spot rates on major global trades, had an overall reading of $1,342 per FEU as of June 14, down 1.5% from a week prior, but up 3.4% from a year prior.

Most Popular
Latest News
Social Media

Loading...

AVAIO Capital investing in Novaporte

FMC reviews 14 OTI license applications

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Five new Canadian icebreakers sought for Great Lakes

Maritime shipping interests have asked the Canadian government to consider building the icebreakers as part of $15.7 billion Canadian Coast Guard fleet renewal.

May 30, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Five new Canadian icebreakers sought for Great Lakes

Maritime shipping interests have asked the Canadian government to consider building the icebreakers as part of $15.7 billion Canadian Coast Guard fleet renewal.

May 30, 2019 on Dec 27, 2018AmericanShipper.com