The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, increased 1% to $4,339 per 40ft container, driven by higher rates on the Transpacific trade route. On the Transpacific trade route, spot rates increased again this week, with rates from Shanghai to New York rising 10% to $8,706 per 40ft container and […]
World container rates increase for second straight week Read More »
The Montreal Port Authority (MPA) confirms the launch of in-water construction work at the site of its Contrecœur Expansion Project. In line with the project schedule, this new milestone officially marks the beginning of a major phase of construction and concludes the preparatory work carried out since fall 2025. This new phase represents a significant
This summer edition offers much informative content for Canadian policymakers, shippers, transportation providers and port officials seeking to best navigate through various persistent geopolitical conflicts, slower global growth and the latest world disorder creations of U.S. President Donald Trump. Increasingly, trade diversification has become the new mantra for more Canadian exporters, though just pure geography
Enjoy! The Summer Edition of Maritime Magazine (No. 121) is Online Read More »
World oil demand has been forecast by the International Energy Agency to decline by 1.6 mb/d in 2026, 510 kb/d more than its estimate in last month’s Report, as the ongoing closure of the Strait of Hormuz and elevated fuel prices continue to weigh on oil consumption. Annual contractions will nevertheless ease from 4.9 mb/d
World oil supply and demand outlook further deteriorates Read More »
According to Filipe Gouveia, Shipping Analysis Manager at BIMCO, Chinese iron ore mining fell by 7% y/y in first half 2026 due to a 6% y/y increase in iron ore net imports and weaker steel production. ”The country is increasingly sourcing its iron ore from abroad because it is often of higher grade and competitively
China’s iron ore mining cools as imports rise 6% and steel production weakens Read More »
The BlueGReen Alliance, which groups together labour union and environmental organizations in a powerful force, has issued a new report which measures the harm to workers and the U.S. economy caused by the so-called One Big Beautiful Bill Act (OBBBA) signed a year ago by President Trump. The report, released earlier this month, finds that
Davies Turner has announced a new seasonal Full Container Load (FCL) shipping service between China and the UK via the Northern Sea Route, utilizing the sailings provided by the Sea Legend shipping company. Operating between August and October 2026, Davies Turner’s new Polar Silk Road service will provide importers with an alternative to conventional ocean,
Davies Turner announces express container service from China via Northern Sea Route Read More »
Strong dry bulk movements to end July on the St. Larwence Seaway highlighted cumulative traffic volume which virtually matched the year-earlier total. Preliminary statistics released by the St. Lawrence Seaway Management Corporation show cargo volume for the period at 16.5 million tonnes. This marked an improvement from the end-June decline of 5.3% which seemingly reflected
Traffic results to end July show St. Lawrence Seaway volume holding steady Read More »
CN announced today that it closed the 2025–26 crop year with a record movement of more than 33.8 million metric tonnes (MMT) of grain from Western Canada, exceeding the previous record of 32.6 MMT set in the 2024-25 crop year. The record-setting year was capped by a strong finish in July, when CN moved 2.62
CN Reports a record 2025-26 crop year Read More »
The Quebec Port Authority acknowledges the decision issued today by the Canadian Impact Assessment Agency regarding the application for designation of the proposed container terminal project in the Beauport area, led by QSL (this link will open in a new window). Following its analysis, the Agency confirms that the Quebec Port Authority is the competent