Ship Recyclers Short on Tonnage
Charter rates continue to climb as dry bulk carriers, Capes and even Panamax sectors reported rising rates this week, reports cash buyer GMS.
Canada Awards Icebreaker Contract to Davie
Canadian shipbuilder Davie has been awarded a contract by the Government of Canada for the construction of a polar icebreaker.Work will begin this year on the agreement valued at $3.25 billion. Davie will deliver its production-ready heavy icebreaker design called the Polar Max to Canada by 2030.To support the rapid delivery of the ship, Davie will capitalize on the expertise of Helsinki Shipyard, which was acquired by Davie in 2023 with the support of the Québec government.
Tariffs Keep Energy Industry on Edge
Over the last six weeks, U.S. President Trump has imposed and postponed tariffs on Canada and Mexico several times. The current situation seems to reflect something of a compromise, says Poten & Partners in an opinion released on March 7.Tariffs are in place, but they will not apply to goods covered by the North American trade agreement known as USMCA. Crude oil and refined products are covered under the USMCA…
