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The Drewry World Container Index (WCI) increased 3% to $2,800 per 40ft container due to rate increases on the Asia–Europe and Transpacific trade routes. On the Asia–Europe trade route, spot rates increased again this week, driven by early peak season demand. Freight rates from Shanghai to Rotterdam rose 3% to $2,861 per 40ft container and […]

The transition to cleaner shipping took a major step forward as the Long Beach Board of Harbor Commission approved a first–of-its kind $1 million incentive to support commercial scale methanol bunkering at the Port of Long Beach.   The Clean Fuel Bunkering Challenge Incentive Award is designed to help move the maritime sector away from conventional dirty

Vancouver – Defense Metals Corp. today announced that it has entered into a non-binding memorandum of understanding with Hanwha Ocean Co. Ltd and its affiliate Hanwha Corporation, signed on May 25, 2026, to explore a strategic collaboration involving the future supply of rare earth elements (“REEs”) and potential investment opportunities. Defense Metals is a company

Ottawa – Québec-based Davie and UK-based Kraken Technology Group today announced a strategic collaboration to establish Canadian production, integration and development of Kraken’s market-leading autonomous solutions. Davie will provide Canadian capacity and capability to produce, integrate and develop Kraken’s advanced uncrewed surface vessels, and next-generation autonomous maritime systems. The agreement also provides a framework to

The Ontario Marine Council met with the Government of Ontario yesterday as part of its annual “Queens Park Day,” which included engagement with Premier Ford and multiple ministers to advance shared goals to strengthen supply chains, connect Ontarians with great jobs, and grow the provincial economy.  “The initiatives proposed in the first ever Ontario Marine Transportation Strategy launched by the Government of Ontario align perfectly with the government’s plan to protect Ontario at a time of economic

Battery electric container trucks are now operating at the Port of Vancouver as part of a pilot program promoting the adoption of alternative fuels and technologies. The Electric Container Trucking Program (ELECTRA) provides container trucking companies with subsidized five-year leases and supporting electric charging infrastructure. The pilot phase includes five companies operating six trucks.  

Chris Hall By Leo Ryan, Editor Current severe disruptions to the global trade and shipping environment ranging from the Persian Gulf conflict to the tariff war ignited by the Trump Administration were front and centre on the agenda of the 2026 annual conference of The Shipping Federation of Canada. The overall theme was the Outlook

Iqaluit – David J. McGuinty, Minister of National Defence, today announced a foundational investment of $816 million over seven years to strengthen maritime security and expand the Canadian Coast Guard’s role in monitoring Canada’s waters. Key projects that will strengthen the Canadian Coast Guard’s Arctic maritime domain awareness and federal visibility include: creation of a

The Panama Canal Authority has announced the appointment of deputy administrator Ilya Espino de Marotta as administrator for the 2026–2033 term.  The first woman to lead the international waterway, the 64-year-old Panamanian marine engineer will replace the current administrator, Ricaurte Vásquez, on October 1, 2026. The decision followed a national and international process of searching

The closure of the Strait of Hormuz is not a temporary shipping disruption but the beginning of a systemic agrifood shock that could trigger a severe global food price crisis within six to 12 months. Avoiding such an outcome will require alternative trade routes, restraint on export restrictions, protection of humanitarian flows, and buffers to