The global shipbuilding orderbook has reached an all-time high of 9,699 vessels and 435.8m gt, surpassing the previous record of 422m gt set in October 2008, according to Clarksons Research. The backlog stood at about 24% of the existing world fleet by gross tonnage...

Canada will provide up to C$254m ($181m) towards a C$463m ($329.4m) expansion of the Saint John trade corridor in New Brunswick, covering port, rail and road infrastructure, according to a Transport Canada statement. The federal contribution will come from Canada’s...

A law firm, two shipping agents, a ship manager and nine vessels have been sanctioned by the US over alleged involvement in Iran-linked commodity trades, according to a US Treasury statement. The measures under Executive Order 13902 target Karnakis and Karnakis,...