maritimenews

Baffinland moving forward with railway component of Mary River project

Baffinland Iron Mines Corporation has announced the completion of Inuit consultations supporting the issuance of all key regulatory authorizations required to begin construction of the Steensby Component of the giant Mary River project. In a project estimated to cost about $3 billion, the mining enterprise plans to build a 149-kilometer railway, connecting the Mary River […]

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United States emerged as largest 2025 trading partner of Port of Antwerp-Bruges

Geopolitical tensions, economic uncertainty, and industrial action weighed on the activities of Port of Antwerp-Bruges in 2025. Total throughput declined but remained broadly in line with previous years. Container traffic remained stable, confirming the port’s role as a logistics hub and underlining the need for additional capacity. Unexpectedly, the United States emerged as the largest

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IMO draft workplan on safety rules for battery, wind and nuclear-powered ships

IMO’s Sub-Committee on Ship Design and Construction (SDC) has finalised a workplan to develop a safety regulatory framework for ships using new technologies and alternative fuels to reduce greenhouse gas emissions. The draft workplan will be submitted to the Maritime Safety Committee (MSC 111) for approval in May 2026.  The workplan will involve developing or amending

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Longer sailing distances boost demand in dry bulk shipping

According to Filipe Gouveia, Shipping Analysis Manager at BIMCO, the global dry bulk supply/demand balance will remain stable in 2026 and weaken in 2027. “An improvement in the economic and demand outlook has led us to revise our demand forecast for 2026 up by 0.5 percentage points.” The International Monetary Fund (IMF) has revised global

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Trigon Pacific Terminals reports 14% increase in 2025 export volumes

Prince Rupert, BC – Trigon Pacific Terminals Ltd.  handled 10.4 million metric tonnes of Canadian dry and liquid bulk products through its terminal in 2025 – representing fully 40 per cent of all cargo exported through the entire Port of Prince Rupert and a 14% increase in terminal volumes over the previous year. Japan and

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Significant growth in Ontario exports through Port Saint John

OTTAWA – Port Saint John President & CEO Craig Bell Estabrooks joined New Brunswick Premier Susan Holt and Ontario Premier Doug Ford in Ottawa today to discuss the Port’s expanding role as a vital gateway for Ontario businesses accessing global markets. Emphasizing ongoing trade diversification and renewed efforts to remove inter-provincial trade barriers, Port Saint

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CMA CGM and Stonepeak announce terminal joint venture spanning 10 major ports

France’s CMA CGM Group, a global player in sea, land, air and logistics solutions, and Stonepeak, a leading U.S. alternative investment firm specializing in infrastructure and real assets, announced today an agreement to launch UNITED PORTS LLC, a U.S. Joint Venture to acquire 10 of the major CMA CGM-operated port terminals worldwide. The joint venture

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Port of Cleveland receives $4.2 million for maritime infrastructure projects

The Cleveland–Cuyahoga County Port Authority (the Port of Cleveland) has been awarded $4.2 million through the Ohio Maritime Assistance Program (MAP), a competitive Ohio Department of Transportation (ODOT) grant program supporting strategic maritime infrastructure investments across Ohio. The funding will support two Port-led construction projects — $2.7 million for the Dock 22 Rehabilitation and Operational Efficiency Project and $1.5 million for

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Fourteen European nations announce unprecedented new phase in shadow fleet enforcement

Fourteen European coastal states of the Baltic and North Sea have issued an unprecedented joint warning to flag states and shadow fleet shipowners of their legal obligation to comply with international navigation safety standards and maritime law. The initiative is clearly aimed at Russia’s shadow tanker fleet while confronting escalating satellite navigation (GNSS) interference across

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