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On behalf of the Honourable Joanne Thompson, Minister of Fisheries, Lori Idlout, Nunavut Member of Parliament, today announced an investment of over $77 million in a new, multi-use small craft harbour for Arctic Bay, Nunavut. The harbour will provide critical infrastructure to support commercial fishing in the region, as well as access to economic opportunities, […]

The Batavia, an approximately 650-tonne wooden vessel built in 1628, is now in its new location on land at Museum Batavialand. On Friday, October 2, the 56.6-meter-long ship was transported from the pontoon to the museum grounds, marking the completion of a remarkable and technically complex relocation, stated the museum located in Lelystad, The Netherlands.

BANGKOK – A joint study with ABS, Blossom Energy and a global shipping company found that while the initial investment for a nuclear-powered liquefied natural gas (LNG) carrier would be approximately 2.5 times that of a conventional LNG carrier, the design would substantially reduce fuel costs over the vessel’s operating life. Presented at Gastech 2026,

An upward cargo trend appears to be firming up on the St. Lawrence Seaway during the 2026 navigation season, despite the impact of the Trump tariff war that has notably strongly hit steel shipments on the binational waterway. Total traffic to the end of September was up 3.49%, fueled by 20% increase in dry bulk,

The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, fell 1% to $4,434 per 40ft container, driven by a decrease in rates on the Asia- Europe trade route.  On the Transpacific trade route, rates from Shanghai to New York rose 1% to $10,428 per 40ft container, while those from Shanghai to

The CMA CGM Group today announced the successful closing of its acquisition of FedEx Supply Chain at an enterprise value of $1.4 billion. The completed acquisition significantly expands CEVA Logistics’ North American contract logistics operations and reinforces CMA CGM’s more than 25-year commitment to investing in the United States. It also advances the Group’s strategy

Within the context of a developing national ocean strategy, Prime Minister Mark Carney has announced an investment of $1.2 billion to better protect Canada’s oceans and the life they sustain. The measures renewed and introduced on September 29 will increase monitoring, strengthen ocean science and ecosystem protections, and improve marine incident prevention and preparedness. “We

Winnipeg — Arctic Gateway Group (AGG), operator of the Port of Churchill, and the Port of Rotterdam have signed an agreement to attract business and strengthen supply chains linking Western Canada and Europe. The agreement enables the two ports to work together to develop new trade in critical minerals and energy products, connect Canadian producers

Kitimat – LNG Canada today announced that its Joint Venture Participants (JVPs) – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) on the LNG Canada Phase 2 expansion project in Kitimat, British Columbia, in the traditional territory of the Haisla Nation. The decision marks the next step in

A.P. Moller – Maersk has announced the successful bunkering of Tangier Maersk, a dual-fuel alcohol-enabled container vessel, using U.S.-produced corn ethanol. The operation marked the first ship-to-ship commercial ethanol bunkering of a deep-sea container vessel in the United States. The milestone is part of Maersk’s broader efforts to explore multiple potential fuel pathways for the