NUUK, Greenland and IQALUIT, NU — The Port of Nuuk and the proponents of Nunavut deepwater port projects have signed a Memorandum of Understanding (MOU) to strengthen cooperation between maritime infrastructure assets in Greenland and Nunavut. The agreement brings together Sikuki Nuuk Harbour A/S, owner and operator of the Port of Nuuk; Qikiqtaaluk AEDC, proponent of […]
Greenland and Nunavut ports sign cooperation agreement Read More »
PRINCE RUPERT, B.C. – Attracting some 200 visitors from across North America and as far away as Europe and Asia, the grand opening Thursday of the Port of Prince Rupert’s CANXPORT logistics facility received high praise from multiple government and industry officials as well as regional First Nations leaders celebrating its potential for expanding Canadian
CANXPORT facility targets increased Canadian exports to Asian markets Read More »
Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, decreased 1% to $4,473 per 40ft container, driven by lower rates on the Transpacific and Asia–Europe trade routes. This follows increases three weeks in a row. Spot rates from Shanghai to New York decreased 2% to $9,333 per 40ft container, while those from
World container spot rates decline after three weeks of increases Read More »
The Montreal Port Authority’s international business development team has welcomed a valuable new member: Prakash R. Tulsiani, who now serves as Senior Commercial Advisor representing the Port of Montreal in India. His role is to develop new business opportunities, strengthen relationships with key players in the Indian market and raise the Port of Montreal’s profile.
Prakash Tulsiani: a new face strengthening the Port of Montreal’s presence in India Read More »
Canada’s west coast ports are playing a crucial role supporting national trade objectives and generating economic prosperity, supporting more than 150,000 Canadian jobs while moving $1.1 billion in goods every day. The Economic Impact of West Coast Ports study, released today, found B.C.’s maritime gateways at the ports of Vancouver, Prince Rupert and Nanaimo serve
Canada’s West Coast ports leading the way to doubling Canadian non-US trade Read More »
Tanker markets are facing mounting pressure as export disruptions continue to reduce seaborne volumes, while declining oil and product stocks increase the risk of higher oil prices, weaker economic growth and lower tanker demand, reports Niels Rasmussen, Chief Shipping Analyst at BIMCO. Although the Memorandum of Understanding (MoU) signed by the US and Iran on
Export disruptions increasingly hurting global tanker demand Read More »
The U.S. Department of Transportation’s Maritime Administration (MARAD) and CORE POWER (US) Inc. announced a first-of-a-kind federal-private cooperation framework to accelerate the commercial, industrial and regulatory pathway for a future fleet of U.S.-flagged nuclear-powered merchant ships. CORE POWER is targeting first construction from 2028. The strategic context is urgent, stated a press release. China dominates global commercial
Work is now complete upgrading road and rail connections in the Fraser Surrey area, helping boost the movement of Canadian trade such as grain and canola oil exports, and containerized and project cargo through the Port of Vancouver. The road and rail upgrades will support more efficient cargo flows through the growing Fraser Surrey Port
LÉVIS, QC, — Prime Minister, Mark Carney, today announced the Government of Canada will invest more than $11 billion to build six new program icebreakers for the Canadian Coast Guard in partnership with Chantier Davie Canada Inc. This historic investment grows Canada’s domestic shipbuilding industry, strengthens our ability to keep critical trade routes open, and reinforces our
Prime Minister Carney announces biggest shipbuilding contract in Quebec history Read More »
Bali, Indonesia – Unanimously re-elected today for a fourth term of four years as President of the International Maritime Pilots’ Association (IMPA), Captain Simon Pelletier underlined the vital role played by maritime pilots in navigation safety and the need to address challenges faced by pilotage in various parts of the world. His extensive comments were