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The U.S. Maritime Administration (MARAD) has awarded the Duluth Seaway Port Authority $27.5 million through its Port Infrastructure Development Program (PIDP) to fund the Duluth Lake Port pier redevelopment project. The award, which received bipartisan support from Minnesota’s congressional delegation, is the largest MARAD grant ever received by the Port Authority. It will be supplemented […]

Québec – On Tuesday 5 May 2026, in Trois-Rivières, The Saint-Laurent Economic Development Corporation Council (SODES) will kick off the 6th edition of the Quebec Maritime Sector Conference (Assises Québécoises). A flagship event for the maritime industry, this strategic gathering will bring together more than 300 decision-makers and key players from the St. Lawrence and

The American Association of Port Authorities (AAPA) Board of Directors has announced the appointment of Sang Yi as President and Chief Executive Officer (CEO), effective May 4. He succeeds Cary Davis, who announced his sudden resignation 0n December 30, 2025 that appeared to be related to trade policy issues with the Trump Administration (See Maritime

Adm. Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority, announced that the Canal has witnessed the transit of the mega container ship CMA CGM GRAND PALAIS, the newest and largest environment-friendly container ship. The vessel was on its first voyage through the Canal amongst vessels of the southern convoy after its safe

The Marine Environment Protection Committee of the International Maritime Organization (IMO) concluded its 84th session with a commitment to rebuild consensus on global shipping emissions, while sounding the alarm over environmental risks in the Strait of Hormuz and adopting new measures to curb air pollution in the Northeast Atlantic. Closing the meeting, held from 27

London – The UN International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) today adopted an Emission Control Area (ECA) in the Northeast Atlantic. It enter into force in September 2027. The UN agency had failed to green light the historic development during a turbulent IMO meeting last October. But coastal states have moved to

London – The Mission to Seafarers has announced the appointment of Guy Platten as its new Chair, succeeding Tom Boardley. A Chartered Master Mariner and one of the maritime industry’s most respected figures, Mr. Platten brings more than four decades of senior leadership experience to the role, most recently serving as Secretary General and CEO

The Drewry World Container Index (WCI) declined for the third consecutive week, easing 1% to $2,216 per 40ft container, due to softer rates on Asia–Europe, Transpacific and Transatlantic trade routes. Despite elevated fuel costs and ongoing geopolitical risks, rates remain under sustained downward pressure due to excess capacity and low demand. Spot rates on the

According to Filipe Gouveia, Shipping Analysis Manager at BIMCO, the Iran war and the resulting disruptions to ship transits through the Strait of Hormuz have increased uncertainty for both the global economy and the dry bulk market. “Around 4% of dry bulk cargoes and tonne mile demand typically sail through the strait and at present,

The conflict in the Middle East and perturbations in the Strait of Hormuz have highlighted the fragility of the global maritime system. Against this backdrop, Arctic shipping routes are attracting renewed interest, as climate change makes navigation along them easier. But an analysis by France-based Coface, a global credit insurance specialist, shows that within five