COS Weekly News - Friday, 17 November 2023

COS Weekly News - Friday, 17 November 2023

‍‍COS Weekly News - Friday, 17 November 2023


In this week's news

‍Local News

Teck Resources agrees to sell its steelmaking coal operations

Vancouver-based Teck Resources has agreed to sell a 77% stake in its steelmaking coal business to Swiss commodities giant Glencore for $6.9 billion. Japanese company Nippon Steel will acquire a 20% stake in exchange for its interest in one of Teck's coal operations and $1.7...

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Cedar LNG secures shipyard capacity at Samsung Heavy Industries

The Haisla Nation and Pembina Pipeline, partners in the development of the proposed Cedar floating LNG export project in Canada, have signed heads of agreement (HoA) with shipbuilding company Samsung Heavy Industries (SHI) and LNG infrastructure solutions company Black &...

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Exclusive deal jeopardizes Trigon's LPG plans

The Prince Rupert Port Authority has stated that Trigon does not have permission to expand its permitted uses beyond its current scope of business as the Port has provided time-limited exclusive rights for the export of liquid petroleum gas (LPG) to the Ridley Island Energy...

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GCT signs onto Canada's Net Zero Challenge

This week, GCT Global Container Terminals (GCT) formally signed onto the federal government’s Net Zero Challenge. Following the recommendations and actions set out in the Government of Canada’s 2030 Emissions Reduction Plan, GCT will build on the investments we have already...

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St. Lawrence Seaway's winter closing date extended

The St. Lawrence Seaway has announced an extended closing date for the 2023 navigation season. The Montreal-Lake Ontario section is projected to close on January 5, 2024, and the Welland Canal section on January 7, 2024. This extension is aimed at compensating for the impact...

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Soy Transportation Coalition's agricultural hub investment to boost exports via St. Lawrence Seaway

The Soy Transportation Coalition has provided $200,000 to help fund Phase II of the DeLong Company’s Agriculture Maritime Export Facility in Port Milwaukee, Wisconsin. The grant will contribute to the construction of two-grain storage silos and additional handling equipment....

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Port of Halifax welcomes two new mega ship-to-shore gantry cranes

PSA Halifax has received two new mega Ship-to-Shore (STS) cranes for its Atlantic Hub terminal in the port. These ultra-large cranes, which will be operational in January 2024 after commissioning and testing, will enhance PSA Halifax's capacity to handle the largest container...

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Great Lakes to have access to Biodiesel marine fuel

Michigan-based Warner Petroleum is making strides toward promoting biodiesel as a sustainable maritime shipping fuel. The company supplies fuel to various vessels operating on the Great Lakes, and it sees the adoption of biodiesel as an opportunity to meet environmental...

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Richard Smith retires from Certispec after 25 years

Richard Smith is set to retire from Certispec this year after more than 25 years of dedicated service. A prominent figure in the Vancouver marine industry, he has actively contributed to the sector through his involvement with non-profits and charities such as the Marine Surveyors...

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‍Government News

CBSA intercepts 72 stolen vehicles from export through Port of Montreal

The Canada Border Service Agency, together with the Montreal police, intercepted 72 stolen vehicles before they were exported from the Port of Montreal in a sting operation on November 13th.  Équité Association, an organization specializing in the reduction and prevention...

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‍International News

EU votes to increase enforcement on illegal discharges from ships

On Thursday, Transport and Tourism Committee voted to update EU rules on preventing pollution from ships in European seas and ensuring perpetrators face fines. It would ensure all international standards on preventing illegal discharges from ships, developed by the International...

COSCO and Varamar pen strategic commercial partnership

ASL Shipping & Logistics, a subsidiary of China’s Cosco Shipping Specialized Carriers, has entered into a strategic partnership with Varamar Shipping, aiming to target breakbulk and semi-liner trades globally. Cosco-ASL is more active in the 30,000 to 80,000 deadweight...

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Australian ports gradually coming online post recent cyber attack

DP World's Australian ports in Sydney, Melbourne, Brisbane, and Fremantle are moderately resuming operations after a cyber-attack on Friday disrupted IT systems. While DP World reports "significant progress" in reinstating freight operations, there's a backlog of tens...

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Trafigura confidently re-initiates Australia-China Copper trade

Trafigura, the Swiss commodity trader, is reportedly helping Chinese smelters clear imports of copper concentrate from Australia. This move suggests that an informal ban on such imports may have been lifted, given that the cargo clears customs. China has been gradually...

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‍Upcoming Events

‍
Nov 29 - WMCC / NANS PACMAR Meeting @ 1000

Nov 30 - COS Operations Committee Meeting @ 1200

Nov 30 - VMAA Lunch: Interaction between Maritime Arbitrators & EU Law

Dec 5 - Webinar: Update on Federal Environmental Initiatives @ 0900-1200 

Dec 7 - Vancouver Grain Exchange Holiday Lunch @ 1200,  Terminal City Club

Dec 7 - The Plimsoll Club Ugly Sweater Party @ 1630 Cold Tea Room, Vancouver 

Dec 8 - COS Liner Committee Meeting @ 1200

 

 

‍Ship of the Week

Nov 17 - Den Bosch Max Groen

The 295-foot vessel Den Bosch Max Groen owned by Nedcargo and operated in partnership with inland terminal operator BCTN, is currently undergoing a conversion at the Concordia Damen shipyard that will include replacing the diesel generator with a system that will be powered...


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