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London – The increasing volatility in freight rates caused by the Iran war is not comparable in scale to the extreme freight rate inflation of the Covid period, analysis from Drewry Shipping Consultants shows. According to Drewry Container Freight Rate Insight data updated yesterday, spot ocean on East-West and North-South routes at the height of the Covid […]

LÉVIS, QC – Davie today announced the launch of construction of the Polar Max, Canada’s next–generation polar icebreaker, at its shipyard in Lévis. This milestone marks a historic moment for Canadian shipbuilding and a major step forward in delivering Canada’s next polar icebreaker under the National Shipbuilding Strategy (NSS). Once delivered in 2030, the Polar Max will be

Iqaluit – Nunavut Eastern Arctic Shipping (NEAS) announced that it will provide exclusive maritime shipping services for the Government of Nunavut across the territory, following a call for tenders. “We are proud to contribute to the resupply of Nunavut communities and are committed to doing so in a reliable and safe manner,” said Daniel Dagenais,

Following an incident involving CN on Monday, March 30, in the Welland Canal area, vessel navigation through the flight locks will remain restricted to the east side for approximately one week while CN completes required repairs, today indicated Nicole Giroux, Manager of Media Relations of the St. Lawrence Seaway Management Corporation. Vessels are moving in

Iqaluit – On Saturday, March 28, the Government of Canada and the Qikiqtani Inuit Association celebrated the establishment of the Qikiqtait and Sarvarjuaq Marine Protected Areas (MPAs) in Nunavut, bringing Canada one step closer to protecting 30 per cent of the ocean by 2030. Partners also marked the recent signing of an Inuit Impact and Benefit

North Atlantic right whales are one of the most endangered large whale species in the world. With recent population estimates at roughly 380, they face serious threats to their survival and recovery from the risk of fishing gear entanglements and vessel strikes. The Government of Canada continues to implement measures to protect this endangered species

Joanne Thompson, Minister of Fisheries has announced the completion of a new small craft harbour in Clyde River, Nunavut. This new harbour will provide safe and accessible facilities to commercial fish harvesters, enhancing boater safety, improving the delivery of goods by sea and by creating safer opportunities for economic and social activities. Following a competitive

Houston – Pelican Acquisition Corporation, a publicly traded special purpose acquisition corporation, has announced the successful completion of its proposed business combination  with Pelican Holdco, Inc., Greenland Exploration Limited, and March GL Company. The Business Combination was approved by Pelican’s shareholders at its extraordinary general meeting of shareholders held on March 19, 2026. Following the

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced $488,628,000 in funding to revitalize American ports, shipyards and maritime capabilities. The funding will support projects that: Improve ports ability to load and unload cargo Streamline supply chain movements Modernize ports’ infrastructure and operations Support America’s vibrant seafood and seafood-related businesses “The Trump Administration is

The Drewry World Container Index (WCI) this week  rose 5% to $2,279 per 40ft container, recording the fourth consecutive week of increases. This hike was supported by higher rates on the Asia–Europe and Transpacific trade routes, with those on Asia–Europe indicating a stronger rise. Spot rates on the Asia–Europe trade increased this week due to