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Following a near-record peak this summer, import cargo volume at the nation’s major container ports is expected to steadily decline for the remainder of the year amid rising tariffs, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “We have seen the implementation of reciprocal tariffs across the globe, […]

Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI President Frédéric Denèfle warned that marine insurers are facing significant change as the world approaches the end of an era of seamless globalisation. Mr. Denèfle reflected on the deepening shifts in global trade — a theme he has raised in previous IUMI

As part of the Port of Montreal expansion project in Contrecœur, the Montreal Port Authority (MPA) and DP World in Canada (a joint venture between DP World and La Caisse) have entered into a Joint Development Agreement for the design of the land-based works of the future container terminal scheduled for completion in 2030, the MPA announced today. The

St. John’s-based Fermeuse Energy Ltd. has unveiled plans to lead the development of a liquefaction hub at the Fermeuse Marine supply base located on the eastern sector of the Avalon Peninsula. Fermeuse Energy Limited will deploy advanced LNG technology to help unlock the province’s 9.7 Tcf (trillion cubic feet) of offshore associated gas reserves in

The Montreal Port Authority (MPA) announces that its application for the permit required to carry out in-water works as part of the Port of Montreal expansion project in Contrecœur has been officially submitted and recognized as complete by the Department of Fisheries and Oceans Canada (DFO). Receiving this confirmation marks a decisive step forward in

In 2023, the International Union of Marine Insurance (IUMI) published a set of best practice and recommendations for the safe carriage of electric vehicles. This was part of its ongoing support of loss prevention guidance to the global marine insurance and shipping sectors. The association has published an updated version titled Risk mitigation for the

With the signing of an Order in Council this week, the Canadian Coast Guard (CCG) has been formally transferred out of Fisheries and Oceans Canada and integrated into the Department of National Defence IDND), marking an important step forward in strengthening Canada’s maritime security. This change will enhance coordination across government and ensure Canada is

In a joint letter to three federal government ministers, Great Lakes and St. Lawrence mayors have joined marine industry stakeholders to “unlock growth potential through HY H20” by eliminating a critical barrier: the limited clearance services by the Canada Border Services Agency of international containers. The mayors point out that “the clearance of international containers

Moving from concept to early-stage implementation in just five years, ammonia has a path to becoming a low-GHG fuel alternative for deep-sea shipping, according to DNV. DNV’s new report, Ammonia in Shipping: Tracing the Emergence of a New Fuel, addresses the key barriers to the uptake of ammonia and outlines a two-phase pathway for its

U.S. Transportation Secretary Sean P. Duffy announced withdrawal or termination of a total of $679 million in funding for 12 doomed offshore wind projects across America with a view to increasing focus on traditional forms of energy and rebuilding the shipbuilding industry. “Wasteful, wind projects are using resources that could otherwise go towards revitalizing America’s