When the world’s shipyards deliver just a few more container ships, the global fleet capacity will for the first time reach 34 million TEU. predicts Niels Rasmussen, Chief Shipping Analyst at BIMCO.“At that time, the fleet will have grown by 10 million TEU – or 42% – in just five and a half years.” At […]
World container fleet capacity approaching new summit of 34 million TEU Read More »
London-based Anemoi Marine Technologies completed the installation of five Rotor Sails onboard the 400,000 dwt Very Large Ore Carrier (VLOC), Sohar Max, making it the largest vessel to receive wind propulsion technology to date. Sohar Max is a first generation Valemax, built in 2012 in China’s Rongsheng shipyard. The project showcased global collaboration between Brazilian
Anemoi Marine completes installation of largest wind-propelled vessel Read More »
The first grain vessel to export from the Port of Churchill since 2020 is being loaded and will sail to Europe this week, marking another major milestone in the return and growth of commercial shipping through Churchill. Approximately 30,000 tonnes of Canadian durum wheat supplied by Saskatchewan-based AGT Foods is being loaded on the Fednav
First grain export since 2020 from Port of Churchill is bound for Europe Read More »
Enstructure today announced that it has completed its acquisition of LOGISTEC’s marine services division, creating one of North America’s largest and most diversified marine terminal and logistics networks. The combined company operates 106 terminals across 30 states and provinces, and employs approximately 6,000 employees, providing customers with greater access to critical trade corridors, enhanced service
Enstructure completes acquisition of LOGISTEC’s marine services division Read More »
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 »