When the world’s shipyards deliver just a few more container ships, the global fleet capacity will for the first time reach 34 million TEU. predicts Niels Rasmussen, Chief Shipping Analyst at BIMCO.“At that time, the fleet will have grown by 10 million TEU – or 42% – in just five and a half years.” At […]
World container fleet capacity approaching new summit of 34 million TEU Read More »
London-based Anemoi Marine Technologies completed the installation of five Rotor Sails onboard the 400,000 dwt Very Large Ore Carrier (VLOC), Sohar Max, making it the largest vessel to receive wind propulsion technology to date. Sohar Max is a first generation Valemax, built in 2012 in China’s Rongsheng shipyard. The project showcased global collaboration between Brazilian
Anemoi Marine completes installation of largest wind-propelled vessel Read More »
The first grain vessel to export from the Port of Churchill since 2020 is being loaded and will sail to Europe this week, marking another major milestone in the return and growth of commercial shipping through Churchill. Approximately 30,000 tonnes of Canadian durum wheat supplied by Saskatchewan-based AGT Foods is being loaded on the Fednav
First grain export since 2020 from Port of Churchill is bound for Europe Read More »
Enstructure today announced that it has completed its acquisition of LOGISTEC’s marine services division, creating one of North America’s largest and most diversified marine terminal and logistics networks. The combined company operates 106 terminals across 30 states and provinces, and employs approximately 6,000 employees, providing customers with greater access to critical trade corridors, enhanced service
Enstructure completes acquisition of LOGISTEC’s marine services division Read More »
As the 2026 navigation season on the St. Lawrence Seaway passed the mid-way point, the latest cargo figures show a 2.6% increase in cumulative traffic to 20.7 million tonnes – with dry bulk shipments leading the way. The St. Lawrence Seaway Management Corporation reported dry bulk volume surging by 17% to 7.4 million tonnes during
Shipping’s challenge is now how organizations can navigate decarbonization while maintaining competitiveness, protecting asset value, and preserving access to capital, according to the 2026 ABS Outlook. Titled Decision Point: Practical Pathways to 2035, the report examines the strategic, operational, and investment decisions facing shipowners as regulatory requirements evolve, carbon costs increase, and alternative fuels and technologies
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 »