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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

According to Niels Rasmussen, Chief Shipping Analyst at BIMCO, following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from global container services. As a result, around 130 container ships, totalling about 1.5% of the global fleet’s capacity, are stranded in the

The Montreal Port Authority (MPA) announces that, as of March 31, the Port of Montreal has been added as a call in the rotation of CMA CGM’s CAGEMA shipping service, providing a direct connection between Montreal and the Latin American market. This new service represents a significant strategic milestone for the Port of Montreal and

Tim Wilkins, INTERTANKO Managing Director. by Colin Laughlan – West Coast correspondent VANCOUVER, B.C. – Amid the world’s rapt attention on the war in the Middle East – and soaring oil prices as tankers remain stranded in the Persian Gulf – delegates from as far away as Europe and Asia participated yesterday in the debut conference

France’s CMA CGM has announced a significant enhancement to its network as part of their commitment to delivering high-quality service and sustainable transportation options. CMA CGM is making the innovative NEOLINER ORIGIN wind powered vessel, directly accessible for its customers through CMA CGM’s network. This unique low-carbon solution will strengthen its service offering between France

During the 2026 Québec International Cruise Forum, the Port of Québec and Destination Québec cité officially opened a multi-sensory tourism showcase at Terminal 30. The new immersive installation is a significant step forward in enhancing the disembarkation experience for cruise passengers and ensuring the sustainable development of the region’s tourist attractions. “This multisensory showcase was born

Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand, indicates Filipe Gouveia, Shipping Analysis Manager at BIMCO. “However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year. As a result,

Calgary – ATCO Ltd. has announced that it will provide approximately $10 million of staged investment for 40 per cent ownership in West Kitikmeot Resources Corp. (WKR). Backed by significant Inuit ownership, WKR is the sole proponent developing the Grays Bay Road and Port Project (GBRP), a critical infrastructure project consisting of a greenfield deepwater port with access to the Northwest