The JV is accompanied by a long-term agreement that will lock in the supply of LNG to the ocean carrier’s fast-growing dual-fuel fleet that will increase to 123 vessels by 2029.
Canada’s port stakeholders are hopeful the new prime minister and world-renowned economist will fast-track major projects and modernize labor negotiations.
The $51.8 million cash deal includes Marten’s physical assets and the transfer of its existing contracts with food and beverage shippers.