#magazine

The Suez Canal Container Terminal (SCCT) in Egypt has inaugurated its major expansion, adding new capacity and jobs to East Port Said. The ceremony, attended by His Excellency President Abdel Fattah El-Sisi, marked the official opening of the USD 500 million terminal upgrade. The expansion adds 955 metres of new quay and 510,000 m² of […]

Washington, D.C. – The Icebreaker Collaboration Effort (ICE) Pact is a trilateral agreement between Canada, Finland and the United States (US) to enhance our collective capabilities to produce world-class icebreaking vessels needed to assert our polar and Arctic sovereignty. With the second-largest icebreaking fleet in the world and shipyards experienced in building icebreakers, Canada’s expertise in Arctic and

While Manitoba announced Sunday it is allocating $51 million in new funding to help upgrade the Hudson Bay Railway line, Prime Minister Mark Carney said the Government of Canada will provide funding to the Arctic Research Foundation to undertake a feasibility study to determine the path forward for future deployment and operation of specialised icebreakers,

For the first time in its history, the Port of Québec welcomed cruise ships from the depths of winter to the peak of fall, marking an exceptionally long and varied 2025 cruise season. Between January 28 and November 2, the Port saw international cruises calling almost every month, cementing Québec City’s status as a true

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

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

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

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

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

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