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In a Truth Social post today, President Donald Trump announced a drastic new plan reinstating the blockade of Iranian shipping, assuming  seemingly unprecedented control over the Strait of Hormuz and introducing a fee for maintaining safe freedom of navigation on the international waterway – a process that he affirmed “will begin immediately.” The announcement came […]

Member States of the International Maritime Organization (IMO) – the UN agency that regulates global shipping – have called for an immediate end to ongoing attacks on ships and seafarers transiting through the Red Sea and Gulf of Aden. In a resolution adopted in London, IMO’s Maritime Safety Committee condemned the attacks as “illegal and

The St. Lawrence Economic Development Council (Sodes) announces the appointment of Julien Fouquet-Asselin as Director of Content and Strategic Initiatives, effective July 2. This appointment is part of Sodes’ commitment to enhancing its capacity to produce strategic analyses, anticipate changes in the sector and develop transformative initiatives to serve its members and the wider maritime

North Vancouver – The Tsleil-Waututh Nation (TWN) has filed a judicial review to overturn the Vancouver Fraser Port Authority’s (VFPA) permit allowing the VFPA to dredge tsa-ah-nah (Second Narrows area) of səlilwət (Burrard Inlet). “While Tsleil-Waututh understands the proposed dredge is an important step for Canada’s international trade objectives, including increasing the amount of oil

Filipe Gouveia, Shipping Analysis Manager at BIMCO reports that so far this year, crude tanker newbuilding contracting has reached 60m deadweight tonnes (DWT) across 234 ships, driven by a surge in orders for Very Large Crude Tankers (VLCCs). “This already makes 2026 the year with the highest crude tanker contracting on record. High freight rates

The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, rose 2% to reach $4,639 per 40ft container. This climb, largely driven by higher rates on the Asia–Europe trade route, pushed the index to its highest level since September 2024. On the Transpacific trade route, rates from Shanghai to Los Angeles increased

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

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

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

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