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Ontario investing More than $90 Million to support expanded provincial shipbuilding capacity

ST. CATHARINES — Premier Doug Ford today announced that the Ontario government is investing over $90 million through the Ontario Shipbuilding Grant Program (OSGP) to increase capacity in the province’s shipbuilding industry as part of its plan to protect Ontario. The investment will help meet the growing demand for Ontario-made vessels, help Ontario shipbuilders support […]

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IMO urges ships to avoid Hormuz amidst new wave of attacks

IMO Secretary-General Arsenio Dominguez today urged shipping lines to avoid transiting the Strait of Hormuz after the United States on Tuesday launched a new series of strikes against Iranian military targets in response to Iranian attacks on three merchant vessels.  “I regret that once again I am compelled to speak out following attacks on commercial ships and

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Imports at leading US container ports heading for all-time high this month

Import volume at  majorUS container ports is forecast to hit a new all-time record this month, driven by retailers stocking up ahead of expected tariff increases, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “This year’s early peak season is expected to continue through July as retailers and

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Lawsuit on Trump Administration dumping of speed limit protections for North Atlantic Right Whales

WASHINGTON— The Center for Biological Diversity sued the Trump administration today seeking records on a decision that would revoke vessel speed restrictions on the Atlantic coast that protect whales, including the critically endangered North Atlantic right whale, from deadly ship strikes. The records would reveal which individuals, federal officials or industry groups may have influenced and lobbied for the

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Equinor acquires full ownership of Newfoundland’s $14B Bay du Nord offshore project

Equinor has announced an agreement with BP to acquire its 37.2% stake in the $14B Bay du Nord project on offshore Canada, increasing Equinor’s ownership to 100%. The transaction reflects BP’s ongoing portfolio simplification and provides Equinor with increased flexibility to continue maturing the project towards final investment decision (FID) planned for early 2027. First

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Quebec government invests $29.2 million in Groupe Océan for acquisition of a second floating dry dock

The investment supporting a $58.4 million project by the Ocean Group was announced today by Bernard Drainville, the Quebec Minister of the Economy, Innovation and Energy. It will allow Ocean Group to capture new contracts and generate some 40 new jobs. « Our role is to give our enterprises the means to expand, innovate and to

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Panama Canal deepening draft restrictions as El Niño gathers force

In an advisory message, the Panama Canal Authority (ACP) announced it will further reduce the maximum authorized draft for vessels transiting its Neopanamax locks later this July as forecasts confirm a strengthening El Niño that could reduce rainfall across the canal watershed. The ACP indicated that the maximum authorized draft will be lowered to 49.0 feet (14.94

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St. Lawrence Seaway cumulative cargo volume down 5.3% at end June

Statistics released today by the St. Lawrence Seaway Management Corporation (SLSMC) confirm a downward trend so far in the North American waterway’s 2026 navigation season, with cumulative total cargo of 12 million tonnes representing a 5.3% decline from a year earlier. Most major commodity sectors were showing  single to double digit decreases – seemingly reflecting

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Port of Quebec takes major step towards shore power

The Port of Québec is applauding a Government of Québec announcement confirming $4M in financial support for the electrification of Wharf 30 and a further $1.1M for Wharf 101 under its Programme d’efficacité du transport maritime, aérien et ferroviaire.  These projects are a decisive step in developing the electrical infrastructure needed to implement shore power for cruise ships and certain cargo ships at

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