In December of 2025, the U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers. The announcement declaring the vessels would be built between the United States and Finland in a major step forward for America’s national security in the Arctic region. The decision process encompassed more than the security of the Arctic passage.
Sean Fraser, Canada’s Minister responsible for the Atlantic Canada Opportunities Agency, has announced that strategic direction has been given to the Canada–Nova Scotia Offshore Energy Regulator as a next step toward realizing Canada’s first-ever offshore wind project.Fraser made the announcement on behalf of Tim Hodgson, Canada’s Minister of Energy and Natural Resources
Zelim announced that it is has established a site in Atlantic Canada, marking its commitment to strategic expansion in the North American maritime market. The site will be located at the COVE ocean facility in Dartmouth, Nova Scotia, a major technology hub for maritime innovation.Starting in April 2026
Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.Brent crude futures LCOc1were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT. U.S. West Texas Intermediate crude CLc1 futures were up $7.06, or 7.1%, at $107.18 per barrel.
Located in Sydney, Nova Scotia, Canada, the Atlantic Canada Bulk Terminal (ACBT) has undergone a transformation to adapt its facilities to the evolving needs of the offshore wind industry. This evolution is vital for future Canadian Offshore Wind developments, such as Nova Scotia Wind West.
Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%, to $102.83 a barrel at 0710 GMT, while U.S. West Texas Intermediate (WTI) CLc1 climbed $2.49, or 2.8%, to $90.62.
Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies.Brent futures LCOc1 fell $6.79, or 6.9%, to $92.17 a barrel at 0840 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was down $6.55, or 6.
Oil surged 9% on Monday after retaliatory Iranian attacks disrupted shipping in the crucial Strait of Hormuz following the weekend's bombing by Israel and the United States that killed Iranian Supreme Leader Ali Khamenei.A sustained jump in prices would threaten a global economic recovery, spur inflation and could push up U.S.
Oil prices dipped on their first trading day of 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuela exports.Brent crude futures lost 55 cents to $60.29 a barrel by 11:16 a.m. ET (1616 GMT) on Friday while U.S. West Texas Intermediate crude was down 53 cents at $56.89.
Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports.Brent crude futures LCOc1 dropped 4 cents on Friday to $60.81 a barrel by 1029 GMT while U.S. West Texas Intermediate crude CLc1 was down 3 cents at $57.39.
MARL International, part of Glamox, a global leader in lighting, announced today that it is partnering with Canadian firm Apex Industries, which will manufacture its marine lighting systems under license in Canada for three destroyers for the Royal Canadian Navy (RCN). Apex Industries was awarded the lighting systems contract by Irving Shipbuilding
VIKING Life-Saving Equipment has expanded the capacity and capabilities of its Undertun commuter ferry evacuation system, as part of development work which also confirms the solution surpasses open sea performance requirements in SOLAS and the IMO code for High Speed Craft.After acquiring all Undertun design, production and supply rights last year