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To launch nation-building projects, Ottawa must maximize the full potential of the St. Lawrence and Great Lakes corridor, a coalition of stakeholders has urged. The joint message participants are Saint Lawrence Ship Operators, the Chamber of Marine Commerce, Ontario Marine Council, the St. Lawrence Economic Development Council, Algoma Central Corporation, Canada Steamship Lines, Groupe Desgagnés […]

Point Rousse Marine Terminal Ltd. is proposing to expand the existing port infrastructure at Point Rousse, located on the Baie Verte Peninsula, in Newfoundland and Labrador. The Impact Assessment Agency of Canada (IAAC) has invited Indigenous Peoples and the public to review the summary of the Initial Project Description and provide comments by January 16, 2026. IAAC is coordinating with the Government of Newfoundland and Labrador to

The New Zealand government this week declined an application filed by NovaAlgoma Cement Carriers (NACC) to operate a coastal shipping service in New Zealand waters. NACC is a 50/50 joint venture between Canada’s Algoma Central Corporation and Nova Marine Holdings SA of Luxembourg. NACC had sought an exemption from cabotage laws under Section 198 of

The World Shipping Council (WSC) has joined political leaders and transport industry representatives at the United Nations launch of the Decade of Sustainable Transport, highlighting the essential role of ocean shipping in cutting emissions across global supply chains. Much of the public debate on sustainable transport focuses on what people see every day, from urban

Arctic Gateway Group (AGG) and Nunavut Sealink and Supply Inc. (NSSI) have signed a new Memorandum of Understanding that establishes a framework for collaboration focused on strengthening northern supply chains for the Port of Churchill to support Nunavut’s Kivalliq region. For generations, the Port of Churchill served as Nunavut’s closest deep-water gateway for essential supplies,

China’s Cosco Shipping Group has signed a $7 billion deal with China Shipbuilding Group for a massive fleet renewal and expansion covering 87 ships, including container ships and multipurpose vessels, reports the joc.com news platform. It is described as the largest single order for new ships ever placed with the Chinese shipbuilder. The deal was

Sector outlooks for North America and EMEA Seaports are ‘deteriorating’ for 2026, while Asia-Pacific and Latin America ports appear to be better weathering policy uncertainty and the tariff war, according to the Fitch Ratings Global Seaports Outlook 2026. “The ‘deteriorating’ outlook for EMEA reflects Fitch’s expectations for modest or stagnant seaborne trade as higher tariffs

Amid the impact from tariffs and ongoing trade policy uncertainty, year-over-year declines in import cargo volume seen at the nation’s major container ports in recent months are expected to continue in 2026, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Stores are stocked up and ready for a

Between January and November 2025, the capacity of bulker newbuilding contracting has fallen 54% y/y to 25m DWT, reaching its lowest level since 2020, according to Filipe Gouveia, Shipping Analysis Manager at BIMCO. “Consequently, the dry bulk orderbook is now 4% smaller than a year ago, accounting for 11% of the dry bulk fleet,” he

The Drewry World Container Index (WCI) rose 7% to $1,927 per 40ft container after three weeks of decline, mainly due to rate hikes on Transpacific and Asia–Europe trade routes, the UK-based shipping consultancy reported today. Following three weeks of declines that pushed spot rates to their lowest level since January 2025, rates on the Transpacific