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Burlington, ON – South Korea’s Hanwha Ocean, a global leader in submarine design and construction and Thordon Bearings, a Canadian manufacturer of high performance, polymer propeller shaft, rudder and other bearings and seals for naval applications, have signed a strategic Memorandum of Understanding (MOU) to explore the benefits of cooperating on the Canadian Patrol Submarine Program (CPSP) […]

The Prince Rupert Port Authority (PRPA) announced structural updates and additions to its executive team, solidifying the Port of Prince Rupert’s mandate to enable Canadian trade and deliver reliable and sustainable gateway operations.   The updated structure is designed to strengthen leadership across key functions and support PRPA’s priorities.  “This executive team brings the experience, strong leadership, and depth we need to support the continued growth

The Baltic Exchange’s dry bulk freight index progressed for a fifth session today, rising about 1.3% to its highest peak since December 2023 at 3,034 points, amid higher demand across all vessel segments. The capesize index, which monitors 150,000-ton cargoes including iron ore and coal, rose by 1.3% to a more than five-month high of

The Drewry World Container Index (WCI) increased 3% to $2,286 per 40ft container after three consecutive weekly declines, driven by higher freight rates on Transpacific and Asia–Europe trade lanes. On the Transpacific trade route, rates increased this week following the implementation of Emergency Fuel Surcharges (EFS) and Peak Season Surcharges (PSS) by carriers. Rates from

For the first time since 2022, the NOAA Ship Thomas Jefferson is underway in the Great Lakes. The vessel and its crew of NOAA Corps officers and professional mariners are working with NOAA scientists to map the waters of western and central Lake Erie and eastern Lake Ontario this year to improve navigation safety. Survey work will

In the period to end April, total traffic on the St. Lawrence Seaway was down nearly 7% at 4 million tonnes from a year ago amidst early spring ice conditions and speed limits that impacted on shipping operations. The 2026 navigation season opened on March 22 on the Welland Canal and Montreal-Lake Ontario sections of

The Q1 2026 Seafarers Happiness Index (SHI) from The Mission to Seafarers has revealed a quarter of two halves. What began as an initial period of stabilisation was abruptly overturned by the outbreak of conflict in the Persian Gulf, leaving many seafarers with critically low necessities and in fear for their safety. The quarterly survey

Canadian Pacific Kansas City  and CSX Corporation have announced upgrades to the Southeast Mexico Express (SMX) premium service featuring faster transit times with more origin and destination options for customers looking to reach new markets.    The new SMX premium service schedule and routing options launched May 4, 2026, offer industry-best, truck-competitive transit times between

The U.S. Maritime Administration (MARAD) has awarded the Duluth Seaway Port Authority $27.5 million through its Port Infrastructure Development Program (PIDP) to fund the Duluth Lake Port pier redevelopment project. The award, which received bipartisan support from Minnesota’s congressional delegation, is the largest MARAD grant ever received by the Port Authority. It will be supplemented

Québec – On Tuesday 5 May 2026, in Trois-Rivières, The Saint-Laurent Economic Development Corporation Council (SODES) will kick off the 6th edition of the Quebec Maritime Sector Conference (Assises Québécoises). A flagship event for the maritime industry, this strategic gathering will bring together more than 300 decision-makers and key players from the St. Lawrence and