Indexnow

Hanwha Ocean and Irving Shipbuilding chart path for deeper industrial partnership

Halifax — One of the world’s most advanced naval shipbuilders is strengthening its ties with a Irving Shipbuilding, as Canada moves to build a sovereign naval capability for the long term. Hanwha Ocean, the South Korean shipbuilding giant, met with Irving Shipbuilding in Halifax for high-level discussions on potential collaboration spanning naval sustainment, workforce development, […]

Hanwha Ocean and Irving Shipbuilding chart path for deeper industrial partnership Read More »

CFO Alban Fournier departing from Port of Montreal

The Montreal Port Authority confirmed today that Chief Financial Officer Alban Fournier will be departing to take a new job effective April 27 as CFO of 5N Plus Inc., a global leader in the production of specialty semiconductors and high-performance materials. It marks the latest recent corporate management exodus at Canada’s second largest container port.

CFO Alban Fournier departing from Port of Montreal Read More »

Global order book hits 17-year high amid record crude tanker contracting

According to Filipe Gouveia, Shipping Analysis Manager at BIMCO, at the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted by higher

Global order book hits 17-year high amid record crude tanker contracting Read More »

Port of Toronto reports strong 2025 cargo volume

The Toronto Port Authority announced that In 2025, the Port of Toronto handled more than 2.16 million metric tonnes of cargo, delivered by 167 vessels, marking a 4.5% increase in imports compared with 2024. Bulk commodities included 751,353 tonnes of road salt, 575,898 tonnes of sugar, 714,843 tonnes of cement, 57,667 tonnes of aggregate, and

Port of Toronto reports strong 2025 cargo volume Read More »

Canada Infrastructure Bank loaning $1.16B to Port of Montreal for Contrecœur project

Canada’s largest east coast port expansion moves forward as the Canada Infrastructure Bank (CIB) announced it is supporting the new Contrecoeur container terminal by loaning $1.16 billion to the Montreal Port Authority (MPA). Total cost of the project is estimated at C$2.3B. From Contrecœur Prime Minister Mark Carney also issued a statement, declaring: “The Contrecœur Container

Canada Infrastructure Bank loaning $1.16B to Port of Montreal for Contrecœur project Read More »

‘Fourth Coast’ alliance formed to support shipbuilding in US Great Lakes

Fincantieri Marine Group and two Great Lakes shipbuilders, Fraser Shipyards (Superior, Wis.) and Donjon Marine (Erie, Pa.), have established a collaborative framework to bring new shipbuilding programs and technology to the ‘Fourth Coast’ in keeping with the Trump administration’s efforts to rapidly increase domestic shipbuilding.   The three shipyards will join forces to compete for a

‘Fourth Coast’ alliance formed to support shipbuilding in US Great Lakes Read More »

Fednav vessel launches Port Milwaukee’s 2026 international season

Port Milwaukee was excited to welcome the Marshall Islands-flagged Federal Nagara as the first vessel of the 2026 international season. The Federal Nagara arrived on April 3 at the LOGISTEC terminal to unload specialty steel products following its transit through the St. Lawrence Seaway from Spain and Belgium, where it was loaded. The St. Lawrence Seaway locks opened

Fednav vessel launches Port Milwaukee’s 2026 international season Read More »

CBSA bonded warehouse approved for Port of Hamilton container terminal

The Honourable Adam van Koeverden, Secretary of State (Sport), has announced on behalf of the Honourable Gary Anandasangaree, Minister of Public Safety, the licence approval in principle for a new Canada Border Services Agency (CBSA) sufferance warehouse located at the Port of Hamilton, Ontario. A sufferance warehouse is a privately owned and operated facility licensed by

CBSA bonded warehouse approved for Port of Hamilton container terminal Read More »