ship

Container price bubble forecast to burst in second half of 2024

The latest report by Hamburg’s Container xChange on the global shipping market highlights a dramatic 45% spike in container prices in China during May. It further delves deep into the key drivers of this surge and how it foresees these to develop in the coming weeks and months. Key insights include: Container Price Volatility: Prices […]

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Port of Saguenay targets infrastructure investments of $250M by 2027

With planned investments of $250M over the next three years, the Saguenay Port Authority (SPA) is embarking on an unprecedented era of construction and infrastructure work at the Port of Saguenay and its industrial port area, it was underlined at the port’s Annual General Meeting. These investments aim to position the Port of Saguenay and

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World Shipping Council welcomes new IMO Regulations on Mandatory Reporting for Containers Lost at Sea

The World Shipping Council (WSC) has applauded the recent adoption of amendments to the International Convention for the Safety of Life at Sea (SOLAS) by the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC 108). Starting January 1, 2026, these amendments will require mandatory reporting of all containers lost at sea, setting a new standard

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Gastops and Korea’s Hanwha Ocean collaborate on Canadian Patrol Submarine Project

Ottawa-based  Gastops and Hanwha Ocean have announced the signing of a Memorandum of Understanding (MOU) to explore collaborative opportunities within the Canadian Patrol Submarine Project (“CPSP”) and other maritime initiatives, both domestically and internationally. Based in Okpo, Korea, Hanwha Ocean is one of the world’s premier specialized commercial and naval shipbuilding and offshore contractors, with

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New measures and funding to protect Southern Resident killer whales

Vancouver, BC –  For the sixth consecutive year, the Government of Canada is implementing measures to protect these whales and restore their population. The Minister of Natural Resources Canada, Jonathan Wilkinson, on behalf of the Minister of Transport, Pablo Rodriguez, the Minister of Fisheries, Oceans and the Canadian Coast Guard, Diane Lebouthillier, and the Minister of Environment

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Montreal hosting conference on future of ocean shipping on June 13

With the ocean-shipping industry experiencing its greatest period of risk in 25 years, an array of new threats to global trade is now forcing shipping to confront the ‘new normal’ of increased geopolitical turbulence, trade barriers, and long-term uncertainty. On June 13, the maritime industry will convene in Montreal at Shaping the Future of Shipping–Global Trade

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Canadian government outlines Blue Economy Regulatory Roadmap

At the H2O conference in Halifax, Diane Lebouthillier, Minister of Fisheries, Oceans and the Canadian Coast Guard, today announced the publication of the Blue Economy Regulatory Roadmap. This roadmap outlines actions the Government of Canada will take to support innovation and economic growth in Canada’s oceans. It focuses on five main areas: marine renewable energy and environmental protection, marine spatial

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National Trade Corridors Fund investing $51.2M in 19 digital infrastructure projects

Hamilton – Canada’s Minister of Transport, Pablo Rodriguez, today announced up to $51.2 million for 19 digital infrastructure projects under the National Trade Corridors Fund. By supporting the use of innovative technologies for stronger supply chains, the Government of Canada is ensuring that goods move faster and cheaper, making life more affordable for Canadians.  This commitment represents strong collaboration with stakeholders

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Minister Lebouthillier highlights 2024 Budget investment of nearly $400 million for Canadian Coast Guard

Sydney, NS – Diane Lebouthillier, Minister of Fisheries, Oceans and the Canadian Coast Guard, was at the Canadian Coast Guard College in Sydney, Nova Scotia, on May 30 to highlight funding from Budget 2024 allocated to the Canadian Coast Guard. The College equips personnel with the skills they need to serve Canadians on all coasts. 

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