• 2018 December 4 17:55

    Union of Greek Shipowners and Nunavut Fisheries Association join Arctic Economic Council

    The Arctic Economic Council (AEC) says it welcomed Union of Greek Shipowners (UGS) and Nunavut Fisheries Association (NFA) from Canada as members to the pan-Arctic business community.

    UGS represents Greek-owned vessels under Greek or other European and third country flags. Its members are primarily active in the bulk/tramp sector including LNG carriers and tankers. Shipping is the most important industry in Greece, and Greek-owned vessels were among the first to navigate through the Arctic sea route.

    “The Union of Greek Shipowners (UGS), being the international institutional representative of the largest ship owning nation in the world, acknowledges the important work of the Arctic Economic Council in respect of promoting a comprehensive and holistic approach to the issues affecting the Arctic region. The UGS is especially keen to contribute to this holistic approach by offering its vast experience and deep knowledge in ship operation and navigation in the Arctic policy discussions, always with a view to ensuring the safety of life at sea and the protection of the environment as absolute priorities”, Mr. Theodore E. Veniamis, President of the UGS, states.

    For the AEC, both new members provide an important addition and new dimension to its work. “As a globally-minded organization, we are delighted to extend the geographic scope of our membership to Greece. Business is international, and the Arctic is not an exemption. Through collaboration and active engagement in a global level, we hope to facilitate the sustainable economic development of the Arctic”, states Mr. Tero Vauraste, the Chair of the AEC.

    Nunavut Fisheries Association (NFA) is a not for profit corporation established to present a united voice for Nunavut’s commercial fishing industry to stakeholders and the public at the territorial and federal levels. NFA also supports fisheries and ecosystem science and research activities in the Eastern Arctic, working collaboratively with stakeholders and conducting its own annual research program, all in support of sustainable fisheries development in the north.

    The NFA’s current membership consists of four Inuit owned companies which hold 100% of the commercial allocations of Greenland halibut (turbot) and shrimp managed through the Nunavut Wildlife Management Board.

    “Partnership with the AEC is an opportunity for us to further our goals on sustainable resource development, primarily for the benefit of the Inuit of the north and to have an active voice in the future of our territory and the broader arctic region.  We are excited to collaborate and contribute to economic development in the Arctic with other Arctic businesses and nations,” comments Lootie Toomasie, Chair of the Nunavut Fisheries Association.

    Mr. Toomasie continues: “NFA is very interested in supporting sustainable Arctic economic and business development and our members are looking forward to joining the AEC Working groups on Investments and Infrastructure and Responsible Resource Development. “

    “It gives me great pleasure to welcome Nunavut Fisheries Association to the AEC. Indigenous businesses play an important role in the economic development of the region. Through active engagement they can significantly contribute to the work on ensuring responsible business operations in the Arctic. Through the AEC, we can create stronger ties across the pan-Arctic region and globally”, says Mr. Thomas Mack, AEC’s Vice Chair representing the Aleut International Association.




2020 June 4

09:14 Baltic Dry Index on June 3

2020 June 3

18:25 Russia's Main Department of State Expertise approves construction of operational water area under Obskiy LNG project
18:03 Cargotec’s Kalmar and MacGregor to help drive development of connected automated waterborne transport through participation in AEGIS project
17:46 Rosmorport announced tender to reconstruct coastal facilities of Vanino-Kholmsk ferry service
17:24 RF Government approved allocation of RUB 60.5 billion for Russian Railways’ BAM and Transsib projects in 2020
17:02 THE Alliance announces COVID-19 response measures for July, August and September 2020
16:35 Russian Railways CEO says railway link with Murmansk to be restored by June 23
16:11 Transport route to link Quy Nhon Port with Northeast Asia
15:49 Rosatomflot completed escorting Vladimir Voronin gas carrier along the Northern Sea Route
15:33 Fincantieri and ENI extend an agreement in the field of circular economy and decarbonisation
15:01 Austal announces CEO transition
14:33 HHLA handles world’s largest container ship at Burchardkai
14:11 Key players develop emission-free navigation solution for barges
13:32 The CMA CGM Group heads towards carbon neutrality by 2050
13:26 Bunker sales at Vladivostok port in 5M’2020 fell by 27% YoY
13:01 APM Terminals Mobile gains another distribution center
12:31 CMA CGM announces GRR from Asia to East Africa
12:01 Savannah harbor deepening sets precedent with four dredges working simultaneously
11:30 Abu Dhabi Ports launches “SAFEEN FEEDERS” shipping service in response to growing regional and global trade
11:00 EIZO secures LR type approval for maritime monitors via remote survey
10:30 Cargotec completes the ownership change of joint venture in China
10:09 Associations call for accelerating digitalisation of maritime trade and logistics
10:03 Brent Crude Oil price exceeded $40
09:46 DNV GL launches new certification in infection prevention for the maritime industry
09:41 Bunker market sees mixed price movements at the port of Saint-Petersburg, Russia
09:16 Baltic Dry Index on June 2
08:45 MABUX: Bunker market this morning, June 03

2020 June 2

18:24 Consortium of Boskalis, Bouygues and Saipem selected for Fecamp Offshore Wind Farm foundations
18:07 Alfaport-Voka, Antwerp Port Authority and Maatschappij Linkerscheldeoever agree to extend payment period for concessions
17:39 About forty ships, boats and vessels of RF Navy's Black Sea Fleet went to sea for training
17:34 Stena Line is now ten years ahead of the international shipping targets for reducing emissions
17:17 Nuclear-powered container carrier Sevmorput returned to Murmansk, its port of registration
16:51 The world's second largest container ship begins operating in the Port of Barcelona
16:15 Rosmorport announced successful bidder for adjustment of Pionersky terminal project
15:36 Associations call for accelerating digitalisation of maritime trade and logistics
14:51 POT celebrates its 25th anniversary on 16 June 2020
14:28 Nakhodka Ship Repair Yard lays down a series of eight crab catching ships
14:02 Ole Martin Grimsrud to leave his position as CFO of Aker Solutions
13:53 Effects of coronavirus epidemic prevention regulations on Finnlines Passenger traffic
13:35 WMU joins On Shore Power Supply in the Nordic Region project
13:02 DCSA establishes IoT standards for container connectivity
12:48 Bunker market sees mixed price movements at the Far East ports of Russia (graph)
12:26 Qatar Petroleum signs the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion to cater for its LNG growth plans
12:00 Diana Shipping announces direct continuation of time charter contract for m/v Phaidra with Uniper
11:47 Research vessel of RF Navy's Baltic Fleet completed round-the-world route
11:22 Financial and operating results of FESCO Transportation Group for 2019
11:03 Ocean Network Express to extend the suspension of China-Australia service
10:29 “Zigh” Ship Repair and Construction Yard completes high-quality overhaul of “Nakhchivan” ferry vessel
09:58 Oil prices rise within $1
09:40 RS specifies requirements to roadster and harbor craft
09:23 MABUX: Bunker market this morning, June 02
09:12 Baltic Dry Index on June 1

2020 June 1

18:37 KIZAD breaks ground on largest rest, refuelling facility in region
18:21 Christophe de Margerie completes eastbound transit of NSR two months earlier than usual
18:13 Tallink Grupp to reroute its vessel Isabelle to operate on the Paldiski-Kapellskär route from 7 June 2020
18:07 ZIM starts eCommerce Xpress
17:52 Tallink to provide weekly sailings to Mariehamn in June and July 2020
17:29 Tallink adds more departures and additional vessel to Tallinn-Helsinki route
17:05 CMA CGM has announced FAK rates from North Europe to Mexico East Coast, USEC and USGULF & USWC
16:48 Throughput of port Azov in 5M’2020 fell by 9% YoY