cargoship

Jakob Larsen, BIMCO Chief Safety & Security Officer, today described as “inaccurate” the announcement from 17 April at around 1400 GMT by US President Donald Trump that the Strait of Hormuz is fully open. “The status of mine threats in the Traffic Separation Scheme is unclear and BIMCO believes shipping companies should consider avoiding the […]

The Drewry World Container Index (WCI) recently snapped a six-week rally—a surge initially triggered by higher bunker fuel prices following the late-February conflict in the Middle East. After trending downwards throughout January and early February, the index spiked in response to these geopolitical oil supply disruptions. That brief upwards momentum has now reversed, with the

The Montreal Port Authority (MPA) announces the appointment of Étienne Mignault-Proulx as Senior Director of Maritime Operations and Harbour Master. He assumed his duties on March 30, 2026. A member of the International Harbour Masters’ Association as well as the Operations Committee of the Shipping Federation of Canada, Mr. Mignault-Proulx brings several years of experience

Copenhagen – The All-Aboard Alliance, a community of maritime companies committed to improving lives at sea, has launched a project to develop a global framework for companies to better identify, prevent, and respond to unwanted sexual behaviour aboard vessels. Project partners include The Seafarers’ Charity (funders), SAFETY4SEA (media partner), Mission to Seafarers, SaferWaves, ISWAN, Sailors’ Society,

The British Columbia Maritime Employers Association (BCMEA) released its Annual Report, highlighting how stability at Canada’s West Coast Ports benefits workers, business and the Canadian economy. 2025 was a year of measured growth across the Pacific Gateway, driven by undisrupted operations, strong cargo volumes, and continued investment in the workforce. Safeguarding this stability will be critical

Montreal – AtkinsRéalis, a world-class engineering services and nuclear company with offices around the world, and Hanwha Ocean, a global shipbuilding and submarine manufacturer, have signed a strategic Memorandum of Understanding (MoU) to collaborate on opportunities to strengthen Canada’s submarine capabilities and reinforce a resilient Canadian defence industrial base. Aligned with Canada’s new Defence Industrial

The International Monetary Fund has trimmed its forecast for global economic growth this year, and has warned that a prolonged Middle East conflict could fuel an “energy crisis on an unprecedented scale.” “The global outlook has abruptly darkened following the outbreak of war in the Middle East,” Pierre-Olivier Gourinchas, economic counsellor at the IMF, wrote

Since the beginning of the Iran war, global seaborne crude oil shipments have fallen 16% compared to the first nine weeks of 2026, according to Signal Ocean data. This represents a reduction of 7.6 million barrels per day (mbdp) to 38.4 mbpd. Coincidentally, shipments during the past six weeks have likewise been 16% lower than

Geneva – MSC Mediterranean Shipping Company announced today that a transfer of ownership took place during the last quarter of 2025 from its founder Captain Gianluigi Aponte to his son and daughter, Diego and Alexa Aponte. Both of whom are Italian nationals brought up in Switzerland and currently residents of the country. This transition marks a

Halifax — One of the world’s most advanced naval shipbuilders is strengthening its ties with a Irving Shipbuilding, as Canada moves to build a sovereign naval capability for the long term. Hanwha Ocean, the South Korean shipbuilding giant, met with Irving Shipbuilding in Halifax for high-level discussions on potential collaboration spanning naval sustainment, workforce development,