Indexnow

The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, decreased 4% to $4,374 per 40ft container, due to a decline in rates on Asia–Europe and Transpacific trade routes. On the Transpacific trade route, spot rates from Shanghai to Los Angeles decreased 6% to $5,878 per 40ft container, while those from Shanghai to […]

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on exploring small modular reactor (SMR) technology. Developments in SMR will be used to revitalize U.S. shipbuilding, cut costs, and secure energy dominance. “Under President Trump’ and Secretary Duffy’s leadership, MARAD is

Seoul – ABS has awarded approval in principle (AIP) for a concept design for a nuclear-powered 15,000 TEU containership developed in collaboration with the Korea Research Institute of Ships and Ocean Engineering (KRISO) and the Korea Atomic Energy Research Institute (KAERI). Equipped with a small modular reactor (SMR), the concept is a key milestone in

The Government of Canada and the Government of Quebec announced a total of $910,309 in investments in the Port de Havre-Saint-Pierre to modernize and optimize the Portail Pélagie-Cormier, a key reception pavilion for tourism and economic development in Minganie. The total project cost sits at over $1.6 million. Through this strategic project, the Port de

In its latest update, the Canadian Coast Guard reports that dismantling has begun of the wrecked containership MSC Baltic lll grounded since February 15, 2025 in a remove cove off the west coast of Newfoundland after losing power. As of July 16, 471 of the 472 cargo containers onboard the MSC Baltic III have been removed from the vessel,

Davie today announced the formation of Davie Autonomous Inc., an Ontario-based company that will manufacture and integrate uncrewed and autonomous maritime vehicles and systems in Canada. Davie Autonomous will initially focus on advanced composite uncrewed surface vessels (USVs) developed with Kraken Technology Group. In May, Davie announced a strategic collaboration to establish Canadian production of

Ottawa – Calian Group Ltd., a consultancy focused on defence, space, healthcare and other strategic infrastructure sectors, has launched Canada’s first integrated Canadian Arctic Maritime Security Consortium (CAMSC). It brings together six Atlantic organizations to create an end-to-end maritime capability to support Canada’s evolving defence priorities while strengthening Atlantic Canada’s role in Canada’s sovereign defence

The Vancouver Fraser Port Authority announced it is looking for an operator for its Fraser Wharves terminal site in Richmond, as part of work to expand trade capacity at the Port of Vancouver in support of federal government efforts to double exports to non-U.S. markets over the next decade. The 40-acre port terminal site in

The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, fell 2% to $4,547 per 40ft container last week. The decrease indicates that the strong upwards momentum seen during the peak season is beginning to subside. On the Transpacific trade route, rates from Shanghai to Los Angeles decreased 3% to $6,272 per

Winnipeg – Prairie grain is to move as of today on the Hudson Bay Railway to the Port of Churchill, marking the first grain movement through the northern corridor since 2020 and another major milestone in the revitalization of Canada’s only deepwater Arctic seaport connected to the North American rail system. Beginning July 17, the