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Washington – Davie Defense has announced the finalization of a $3.5B contract with the United States Coast Guard (USCG), for the construction and delivery of five Arctic Security Cutters (ASC), a new class of Arctic icebreaker. Two of the ships will be constructed at Davie Defense affiliate Helsinki Shipyard in Finland and three ships will […]

IMO Secretary-General Arsenio Dominguez opened the 111th session of the Maritime Safety Committee of the International Maritime Organization, which brings together IMO’s 176 Member States to discuss issues related to the safety and security of international shipping. Key items on the agenda (13 to 22 May) include the adoption of the first non-mandatory Code to

In its latest Oil Market report, the International Energy Agency warns that the ongoing conflict in the Strait of Hormuz is triggering one of the largest oil market shocks in modern history. The IEA  forecast world oil demand to decline by 420,000 barrels per day year-over-year in 2026 to 104 million barrels per day. This represents a sharp reversal from

BALTIMORE, MD – Attorney General Anthony G. Brown has announced that the State of Maryland has reached a final settlement of $2.25 billion with Grace Ocean Private Limited and Synergy Marine Pte Ltd., the owner and operator of the M/V Dali, resolving the State’s claims against those parties arising from the cargo ship’s March 26, 2024 allision with the

The Québec Port Authority (QPA) confirms that it has been notified that on April 29, 2026, the Impact Assessment Agency of Canada (IAAC or Agency) received a request for designation under section 9 of the Impact Assessment Act (IAA) regarding a project by its port partner QSL. This move comes in the wake of the Government of Canada’s recent

The Chamber of Marine Commerce is applauding the start of a federal engagement process announced May 8th that will enable feedback that will inform federal government efforts to update legislation in ways that benefit Canadians businesses, workers, and consumers.  “This engagement demonstrates a clear understanding by the Government of Canada that the success of supply chains and the success of the economy are

He succeeds Marc Paquin, who is retiring after more than two decades at the helm of the Company. This appointment follows the acquisition of Groupe Somavrac by Instar Asset Management in December 2025, marking the beginning of a new chapter focused on long-term growth and development across its maritime, logistics and industrial activities. “Groupe Somavrac

Canadian Pacific Kansas City President and Chief Executive Officer Keith Creel has issued a statement reiterating strong objections to the merger application refiled by Union Pacific (UP) and Norfolk Southern (NS) with the Surface Transportation Board (STB) on April 30, 2026:   “Having taken nearly four months to refile their application, longer than it took for

Two corporate entities and a shoreside superintendent face criminal charges in connection with the vessel crash in March 2024 that knocked down the Francis Scott Key Bridge in Maryland, the US Department of Justice announced. A federal court unsealed an indictment today charging three defendants with conspiracy to defraud the United States and with causing

The World Shipping Council (WSC) has published its latest update to its WSC Dual-Fuel Fleet Dashboard, which tracks the global liner shipping industry’s investment in vessels capable of running on renewable and lower-emission fuels, and how the liner fleet is preparing for the energy transition. As of March 2026, the number of dual-fuel container ships