The Port of Thunder Bay continued to show positive momentum through the heart of the shipping season, handling more than 1.32 million metric tonnes of cargo in July across a diverse mix of commodities moving through the port’s terminals. The month included 56 vessel calls, consisting of 35 domestic, 1 American, and 20 foreign vessels. […]
Port of Thunder Bay posts strong July cargo results Read More »
According to an analysis from Ursa Shipbrokers, global seaborne bauxite trade has more than tripled in a decade and is running at another record pace in this year. The surge is driven overwhelmingly by shipments to China from West Africa’s Guinea, which now supplies an estimated four-fifths of internationally traded bauxite with aluminum producers in
Guinea reinforces its dominance of global ocean-borne bauxite trade Read More »
This year’s peak shipping season is coming to an end, with import volume at the U.S. major container ports expected to remain high this month before starting to decline for the remainder of 2026, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “We had an early peak season
Import cargo’s early peak season at U.S container ports is winding down Read More »
In a customer advisory, the Panama Canal Authority (ACP) has announced will implement a new round of draft restrictions for vessels transiting its Neopanamax locks in late August as water levels in Gatun Lake have continued to decline amid a strengthening El Niño. The ACP said the maximum authorized draft will be reduced to 48.0 feet
Panama Canal announces new draft restrictions Read More »
Toronto — Fastfrate Group has acquired 100% of Jardine Transport Group from SeaFort Capital Inc. and certain members of the Jardine Transport Group executive team. Jardine Transport Group includes Jardine Transport, R.E.M. Transport, Gil Trucking, Quality Transportation and K&T Transport. This deal further strengthens Fastfrate Group as one of Canada’s leading transportation and supply chain
FastFrate acquires Jardine Transport Group Read More »
The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, rebounded after three consecutive weeks of decline, edging up 1% to $4,297 per 40ft container. The increase was supported by higher rates on Transpacific trade routes. On the Transpacific trade route, spot rates from Shanghai to New York rose 4% to $7,893
World container rates rebound Read More »
In a joint open letter sent to the United Nations Secretary General António Guterres, and International Maritime Organization Secretary General Arsenio Dominguez, eight maritime associations have strongly reiterated their opposition to potential compulsory tolls or charges being introduced in the Strait of Hormuz. The letter comes amid reports that current negotiations between Iran and Oran
A new independent Economic Impact Study confirms the Port of Nanaimo is a significant economic driver for Canada, British Columbia and Vancouver Island, generating $2.4 billion in economic output in 2025. The study, conducted by Deetken Insight, assessed the economic impacts of the Port and its port community using recognized Statistics Canada data and economic
Fraser Industries has signed a memorandum of understanding (MOU) on cooperation for shipyard modernization to revitalize the U.S. shipbuilding industry with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai’s shipbuilding division. Fraser Industries is proud to collaborate with HD Hyundai in making a full-scale entry into the modernization
Fraser Industries signs shipyard modernization MOU with HD Hyundai Read More »
The Port of New York and New Jersey reports it was the nation’s second-busiest cargo gateway for loaded TEUs (twenty-foot equivalent units) in June, moving 503,016 loaded TEUs over the month. The figure was an increase of 7.6 percent from June 2025. Overall volume at the Port of New York and New Jersey showed strong
Port of NY/NJ was second-busiest U.S. gateway for loaded containers in June Read More »