The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, rebounded after three consecutive weeks of decline, edging up 1% to $4,297 per 40ft container. The increase was supported by higher rates on Transpacific trade routes. On the Transpacific trade route, spot rates from Shanghai to New York rose 4% to $7,893 […]
World container rates rebound Read More »
In a joint open letter sent to the United Nations Secretary General António Guterres, and International Maritime Organization Secretary General Arsenio Dominguez, eight maritime associations have strongly reiterated their opposition to potential compulsory tolls or charges being introduced in the Strait of Hormuz. The letter comes amid reports that current negotiations between Iran and Oran
A new independent Economic Impact Study confirms the Port of Nanaimo is a significant economic driver for Canada, British Columbia and Vancouver Island, generating $2.4 billion in economic output in 2025. The study, conducted by Deetken Insight, assessed the economic impacts of the Port and its port community using recognized Statistics Canada data and economic
Fraser Industries has signed a memorandum of understanding (MOU) on cooperation for shipyard modernization to revitalize the U.S. shipbuilding industry with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai’s shipbuilding division. Fraser Industries is proud to collaborate with HD Hyundai in making a full-scale entry into the modernization
Fraser Industries signs shipyard modernization MOU with HD Hyundai Read More »
The Port of New York and New Jersey reports it was the nation’s second-busiest cargo gateway for loaded TEUs (twenty-foot equivalent units) in June, moving 503,016 loaded TEUs over the month. The figure was an increase of 7.6 percent from June 2025. Overall volume at the Port of New York and New Jersey showed strong
Port of NY/NJ was second-busiest U.S. gateway for loaded containers in June Read More »
Canadian Pacific Kansas City said today it has broken its all-time volume record for transporting Canadian grain and grain products by moving 30.66 million metric tonnes (MMT) during the 2025-2026 crop year. This new record annual volume exceeded the previous record set in the 2020–2021 crop year by approximately 72,500 metric tonnes. “Our team of
CPKC sets all-time Canadian grain transport record in 2025-26 crop year Read More »
Iqaluit — Qikiqtaaluk Horizon Arctic Services (QHAS) announced today that it will deliver the Polar Class Icebreaker Nordica to operate in Canadian Arctic waters for the upcoming season, supporting increased maritime capability and safe navigation across Inuit Nunangat. The Nordica is chartered by Finnish operator and owner Arctia to the Canadian Coast Guard under a
Preparatory work is progressing rapidly at the site of the future Contrecœur container terminal! Over the past few weeks, a major operation took place with the delivery of the sheet piles that will be used to build the wharf. Made from 95% recycled steel at an ArcelorMittal plant in Luxembourg, the sheet piles began their
Overall seafarer happiness has fallen to 6.87 out of 10 in the second quarter of 2026, down from 7.18 in Q1, according to the latest Seafarers Happiness Index (SHI) published today by The Mission to Seafarers. The decline confirms that the hoped-for recovery after a challenging start to the year has failed to take hold, marking
Seafarer happiness falls as “acute shock” hardens into “chronic strain” Read More »
Along the three coasts of the contiguous United States, a silent race unfolds. Fueled by climate change, sea levels rise faster than at any time in recent geologic history. Meanwhile, coastal wetlands cling to a slim lead, lifted on newly accumulated sediments or moving inland as encroaching tides nip at their heels, according to a
Rising seas are swallowing the vast majority of US coastal wetlands Read More »