#magazine

CMA CGM acquiring 20% stake in Hamburg’s Eurogate terminal

The CMA CGM Group announced it has signed a term sheet to acquire a 20% stake in EUROGATE Container Terminal Hamburg (CTH). The transaction is expected to be completed in the first half of 2026, subject to regulatory approvals. As a leading player in Northern Europe’s container shipping, CMA CGM already calls at the EUROGATE […]

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Hapag-Lloyd plans fleet expansion of 22 containerships of under-5,000 TEUs

As part of the ongoing modernization and decarbonization of its fleet, Hapag-Lloyd has announced its intention to invest in up to 22 new ships with capacities of less than 5,000 TEU – probably a mix of long-term chartered and owned vessels. “This marks another important milestone for Hapag-Lloyd on its path to improved efficiency and

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Seaspan delivers the Canadian Coast Guard’s newest science research vessel

Seaspan Shipyards (Seaspan) has officially delivered the Offshore Oceanographic Science Vessel (OOSV), CCGS Naalak Nappaaluk, to the Canadian Coast Guard (CCG). The OOSV is the fourth large vessel, and second class of ship, to be built and delivered by Seaspan under the National Shipbuilding Strategy (NSS).    Seaspan and its workforce hosted the vessel’s acceptance ceremony on

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World container freight rates drop following series of increases

The Drewry World Container Index (WCI) decreased 5% to $1,859 per 40ft container, marking the first weekly decrease after four weeks of continuous increases, Drewry reported today. Spot rates on the Transpacific Headhaul saw a double-digit decrease this week, with rates from Shanghai to New York falling 15% to $3,254 per 40ft container and rates

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U.S. offshore wind development projects slashed by more than half

Over the last few years, the U.S. offshore wind market has experienced both opportunities and frustrations, but regulatory upheaval under the Trump administration and rising cost pressures have significantly clouded the outlook, according to a new report from London-based Energy Industries Council. The previous Biden administration placed offshore wind at the centre of its clean

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Echandia wins breakthrough contract on battery system for Canadian Coast Guard icebreaker

Echandia, the leading Swedish supplier of advanced maritime battery systems, has secured an order from ABB to supply a 3.7 MWh battery system for a new hybrid icebreaker vessel for the Canadian Coast Guard to be built at Helsinki Shipyard. The contract marks Echandia’s first entry into the Canadian market and strengthens the company’s global

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BOEM advances offshore minerals planning efforts in American Samoa and the Commonwealth of the Northern Mariana Islands

The Bureau of Ocean Energy Management has announced key developments in its offshore critical minerals planning, with the completion of Area Identification offshore American Samoa and the release of a Request for Information and Interest for the Commonwealth of the Northern Mariana Islands in the Pacific Ocean. These actions mark significant progress in BOEM’s efforts

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Maritime industry stakeholders urge governments to Invest in the safety and logistical resilience of the Canadian Arctic

The evolving supply needs of northern communities, the increasing natural resource extraction activities, the growing presence of foreign shipowners whose risk assessments related to the Northwest Passage may differ, and the progressive retreat of sea ice all highlight the need for a strategic reassessment of Canada’s Arctic maritime logistics. Faced with this new reality, Saul

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Port of Montreal reports promising outlook for 2026 cruise season

The 2025 cruise season concluded on November 1 with the departure of the Seabourn Sojourn bound for Miami. Over the course of the season, the Montreal Port Authority (MPA) recorded 61,727 passenger-days, representing a modest 2% increase compared to 2024. In addition, 14,569 crew members had the opportunity to explore the many attractions of the metropolis. Among

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