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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 […]

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

The Prince Rupert Port Authority (PRPA) announced today that Jean-Jacques (JJ) Ruest has been appointed as Chair by its Board of Directors for a two-year term, effective July 1st, 2026. JJ Ruest was appointed to the PRPA Board of Directors by the Government of Canada, in consultation with the Port User Nominating Committee, for a

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

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

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

The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, surged 9% to $4,530 per 40ft container due to rate increases on the Transpacific and Asia–Europe trade routes. Meanwhile, the Intra-Asia Container Index (IACI) decreased 4% to $1,035 per 40ft container. This marks the second consecutive fall in the index, suggesting that the early peak-season volume

Vancouver – The world is changing rapidly. In response, Canada is focused on what we can control: building a stronger, more independent, and more sustainable economy. To that end, Canada’s new government is working with provinces, territories, and Indigenous partners to build major projects that diversify our exports, create thousands of new high-paying careers, and

International Chamber of Shipping (ICS) Publications launches the sixth edition of Shipping and the Environment: A Guide to Environmental Compliance, offering an expanded and accessible overview of how shipping relates to environmental protection and global regulation. Developed for a broad audience, including shipping companies, seafarers, policymakers, and those new to the maritime sector, the guide provides a