As the 2026 navigation season on the St. Lawrence Seaway passed the mid-way point, the latest cargo figures show a 2.6% increase in cumulative traffic to 20.7 million tonnes – with dry bulk shipments leading the way. The St. Lawrence Seaway Management Corporation reported dry bulk volume surging by 17% to 7.4 million tonnes during […]
Shipping’s challenge is now how organizations can navigate decarbonization while maintaining competitiveness, protecting asset value, and preserving access to capital, according to the 2026 ABS Outlook. Titled Decision Point: Practical Pathways to 2035, the report examines the strategic, operational, and investment decisions facing shipowners as regulatory requirements evolve, carbon costs increase, and alternative fuels and technologies
The American Great Lakes Ports Association (AGLPA) have announced a landmark Memorandum of Understanding (MOU) with the Great Lakes Alliance of Shipyards (GLAS). It brings together leading organizations representing Great Lakes ports and American shipyards around shared priorities in domestic shipbuilding, commerce, workforce development, infrastructure, and federal policy. Signed on July 31, 2026, during AGLPA’s
Great Lakes ports and shipyards formalize landmark partnership Read More »
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