Maritime Magazine

ST. JOHN’S, NL — Qikiqtaaluk Horizon Arctic Services (QHAS) today welcomed the Polar Class 3 icebreaker, MSV Nordica, to Canada, marking a significant milestone in efforts to increase the Canadian Coast Guard’s operational capacity and strengthen Canada’s presence and readiness in the Arctic. The vessel’s arrival brings an operational asset into Canadian waters under a […]

The American Great Lakes Ports Association (AGLPA) have announced a landmark Memorandum of Understanding (MOU) with the Great Lakes Alliance of Shipyards (GLAS). It brings  together leading organizations representing Great Lakes ports and American shipyards around shared priorities in domestic shipbuilding, commerce, workforce development, infrastructure, and federal policy. Signed  on July 31, 2026, during AGLPA’s

NUUK, Greenland and IQALUIT, NU — The Port of Nuuk and the proponents of Nunavut deepwater port projects have signed a Memorandum of Understanding (MOU) to strengthen cooperation between maritime infrastructure assets in Greenland and Nunavut. The agreement brings together Sikuki Nuuk Harbour A/S, owner and operator of the Port of Nuuk; Qikiqtaaluk AEDC, proponent of

Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, decreased 1% to $4,473 per 40ft container, driven by lower rates on the Transpacific and Asia–Europe trade routes. This follows increases three weeks in a row. Spot rates from Shanghai to New York decreased 2% to $9,333 per 40ft container, while those from

The Montreal Port Authority’s international business development team has welcomed a valuable new member: Prakash R. Tulsiani, who now serves as Senior Commercial Advisor representing the Port of Montreal in India. His role is to develop new business opportunities, strengthen relationships with key players in the Indian market and raise the Port of Montreal’s profile.

Canada’s west coast ports are playing a crucial role supporting national trade objectives and generating economic prosperity, supporting more than 150,000 Canadian jobs while moving $1.1 billion in goods every day.  The Economic Impact of West Coast Ports study, released today, found B.C.’s maritime gateways at the ports of Vancouver, Prince Rupert and Nanaimo serve

Tanker markets are facing mounting pressure as export disruptions continue to reduce seaborne volumes, while declining oil and product stocks increase the risk of higher oil prices, weaker economic growth and lower tanker demand, reports Niels Rasmussen, Chief Shipping Analyst at BIMCO. Although the Memorandum of Understanding (MoU) signed by the US and Iran on

The U.S. Department of Transportation’s Maritime Administration (MARAD) and CORE POWER (US) Inc. announced a first-of-a-kind federal-private cooperation framework to accelerate the commercial, industrial and regulatory pathway for a future fleet of U.S.-flagged nuclear-powered merchant ships. CORE POWER is targeting first construction from 2028.  The strategic context is urgent, stated a press release. China dominates global commercial