Maritime Magazine

S&P Global Ratings revises Montreal Port Authority outlook to stable from negative

Articles, Post EN /

Toronto – S&P Global Ratings announced it has revised the outlook to stable from negative and affirmed its ‘AA’ long-term issuer credit and senior unsecured issue-level ratings on Montreal Port Authority (MPA). MPA’s total debt outstanding was about C$195 million at year-end 2025. The rating reflects the authority’s strong enterprise risk profile and its ability […]

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LOGISTEC strengthens Gulf Coast capacity by adding two harbor cranes at Port of Houston’s Care Terminal

Articles, Post EN /

LOGISTEC, a leading North American marine and logistics service provider, announced two 120 tonnes harbor cranes are officially operational at the Port of Houston’s Care Terminal.  Investing in high performing equipment represents an important milestone in LOGISTEC’s long-term Gulf Coast strategy and strengthens the terminal’s role as a key gateway within the company’s North American

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Stolt-Nielsen and NYK Line form strategic joint venture in Avenir LNG

Articles, Post EN /

Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd., has today announced that it has entered into a share purchase agreement to sell 50% of Avenir LNG Limited (Avenir LNG) to Nippon Yusen Kabushiki Kaisha (NYK Line). Avenir LNG was founded in 2017 and has grown into a leading player in the liquefied natural gas (LNG) bunkering sector, operating

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Grays Bay Port and Road

Impact statement filed for Nunavut Grays Bay Road and Port Project

Articles, Indexnow, Post EN /

Cambridge Bay – West Kitikmeot Resources Corp. (WKR) announces that it has filed the Impact Statement for the Grays Bay Road and Port Project with the Nunavut Impact Review Board (NIRB). Grays Bay is a new Arctic deep-water port and road, within the Arctic Economic & Security Corridor in the Kitikmeot Region of Nunavut. The

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Spot world container rates drop for 7th consecutive week

Articles, Post EN /

The Drewry World Container Index (WCI) fell 1% to $1,899 per 40ft container for the seventh consecutive week due to a decrease in rates on the Transpacific and Asia–Europe trade routes. Spot rates on Asia–Europe trade routes continued to decline, with rates on Shanghai–Rotterdam falling 1% to $2,094 per 40ft container and those on Shanghai–Genoa

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Global treaty on fishing vessel safety to enter into force in 2027

Articles, Indexnow, Post EN /

The 2012 Cape Town Agreement has met the requirements for entry into force and will enter into force in February 2027, closing a longstanding gap in the global maritime safety framework. Argentina’s accession triggered its entry into force in 12 months.  The Agreement sets out mandatory safety standards for more than 45,000 fishing vessels of 24 metres in

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Port of Trois-Rivières reports 2.6MT of cargo handled in 2025

Articles, Indexnow, Post EN /

In 2025, the Port of Trois-Rivières handled 2.6 million metric tonnes (MMT) of cargo, supporting both regional and international trade flows. Traffic consisted of 1.9 MMT of dry bulk, 198,200 tonnes of liquid bulk, and 485,000 tonnes of general cargo. The decrease observed this year was anticipated and is directly related to major infrastructure projects

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Great Lakes Pilotage Authority – Head Office Relocation 

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The Great Lakes Pilotage Authority (GLPA) hereby advises industry stakeholders that its Cornwall Head Office will relocate effective March 2, 2026.  After more than three decades at its current location, GLPA will be moving its Headquarters and Operations Center to a modern facility that supports current and future logistical operations, safety & security platform, and technology requirements.

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Thamesborg to dock tomorrow at Port of Baie Comeau after Arctic saga

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Completing a journey from China to Canada’s St. Lawrence Port of Baie Comeau that has taken more than two months instead of three to four weeks, the Dutch-flagged freighter Thamesborg has arrived very close to its destination. “The ship is now at anchor in the Baie des Anglais at Baie Comeau and is scheduled to

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Environmental groups file lawsuit to protect whales in California from deadly ship strikes

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The Center for Biological Diversity and Friends of the Earth has sued the Trump administration for failing to analyze how California shipping lane designations harm whales and sea turtles, such as by increasing vessel strikes and noise pollution. At least 10 gray whales have been killed by probable ship strikes in the Bay Area so far in 2025, and

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