Recent News
Glamox Lands Contracts to Light Up to 19 Canadian Coast Guard Ships
Glamox has secured marine lighting contracts to light 19 new ships being built for the Canadian Coast Guard at two shipyards in Canada. The deal is one of the biggest marine lighting contracts the company has ever received, totalling more than 24,000 LED lights, and is an important part of the investment to renew the Canadian Coast Guard fleet.
NATO DIANA Headquarters Opens North American Headquarters in Halifax
The NATO DIANA North American headquarters opened in Halifax Wednesday, marking a milestone moment for security and defence innovation advancement. NATO DIANA, which stands for “Defence Innovation Accelerator for North Atlantic,” will act as an incubator to develop technologies that will be used for international security and defence.
Fairbanks Morse Defence to Acquire Rolls-Royce Naval Propulsors and Handling Business
Fairbanks Morse Defense has entered into an agreement with Rolls-Royce to acquire its naval propulsors and handling business. The acquisition will include the Rolls Royce facilities in Peterborough, Ontario.
Average Newbuild Price in 2024 Cracks $90m, 30% Above Previous High
It has been a banner year for Asian shipbuilders with average prices for newbuilds hitting record highs. According to the latest data from Clarksons Research, the average newbuild price in 2024 has hit $90m, 30% above the previous high set in 2022, and far above the average levels across the last decade of closer to $50m.
MEPC 82 Brings Net-Zero Framework Closer to Reality as Crucial 2025 Session Approaches
Following the conclusion of the 82nd session of the IMO Marine Environment Protection Committee, the progress made toward finalizing the net-zero framework, set for approval at the ‘critical’ MEPC 83 meeting in April next year, appears to be ‘on track’ as the maritime industry continues its efforts to curb harmful pollutant emissions.
Hanwha Withdraws Bid to Acquire Austal
South Korean defense conglomerate Hanwha has officially abandoned its bid to acquire Australian shipbuilder Austal, following a year of contentious negotiations that highlighted significant regulatory obstacles.
Canadian Arctic, Norwegian Sea Now Emission Control Areas
The International Maritime Organization) adopted significant amendments to MARPOL Annex VI during the 82nd session of the Marine Environment Protection Committee last week, establishing two new Emission Control Areas. The amendments designate the Canadian Arctic and the Norwegian Sea as ECAs for nitrogen oxides, sulfur oxides and particulate matter.
Saint John Ferry Going Out of Service for Nearly Two Months: Marine Atlantic Ferry Sailings Disrupted
The ferry service between Saint John, N.B., and Digby, N.S., will be out of commission for nearly two months due to mandatory work in Quebec. The MV Fundy Rose will go to the Verreault Shipyard at Les Méchins, Que., for biannual drydock and refit work.
Kraken Robotics Inc. Announces Upsize of Previously Announced Bought Deal Public Offering to $45 Million
Kraken Robotics Inc. has amended its agreement with Cormark Securities Inc. to increase the size of its previously announced $25 million “bought deal” public offering to $45 million.
Hyundai Heavy Industries Claims Zero-Carbon Ammonia Dual-Fuel Engine Breakthrough
South Korean shipbuilder HD Hyundai Heavy Industries has achieved a significant milestone in eco-friendly shipbuilding with the development of the world’s first zero-carbon ammonia dual-fuel (DF) engine.
3 in 4 Canadians show support for defence spending on new submarines, Nanos survey shows
The survey of more than 1,000 Canadian adults asked respondents to rate their support or opposition for a recently announced purchase of 12 submarines to add to Canada's military fleet, said to cost up to an expected $120 billion.
Canadian Coast Guard Contracts to Remove Oil from Long-Forgotten WWII Wreck
As part of its efforts to protect Canada's oceans and waterways, the Canadian Government is bringing back to life the story of a long-forgotten wreck from the World War II era which continues to haunt the Inside Passage between Canada and Alaska.
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