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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. […]

The ICC International Maritime Bureau (IMB) reported a sharp fall in global maritime piracy and armed robbery incidents in the first quarter of 2026, with figures dropping to their lowest Q1 level since 1991. Between January and March 2026, 16 incidents were reported worldwide, down from 45 in Q1 2025 and 33 in Q1 2024.

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

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

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

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

Iron ore shipments on the Great Lakes in March 2026 decreased 23.5 percent from a year ago, the Lake Carriers Association (LCA) reported. Loadings were also below the month’s 5-year average by 35.1 percent.  The iron ore trade stands at 2.7 million tons, a decrease of 7.7 percent compared to 2025. For the first three

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

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

In a development that took Canadian marine industry observers by surprise, the Montreal Port Authority (MPA) announced today that Julie Gascon has ceased her position as President and Chief Executive Officer, effective as of today. Ms. Gascon had occupied the helm of the port since February 2024. A committee composed of members of the Board