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| COS Weekly News - Friday, 12 June 2026 |
| | In the news... | | | Local News | Debate grows over Grain export sales transparency in Canada A debate is emerging within Canada’s grain sector over whether export sales should be publicly reported, similar to the U.S. system. Producer groups argue that timely export sales data would improve farmers’ marketing decisions and strengthen price transparency, while grain exporters warn that mandatory reporting could reveal commercially sensitive information and give competing exporters such as Australia a strategic advantage. Industry representatives contend that reduced commercial competitiveness could ultimately lower export revenues and farm returns, while proponents believe greater transparency could improve market efficiency, supply chain planning, and producer access to market intelligence. | BC Coast Pilots Ltd. appoints new Board of Directors BC Coast Pilots has appointed its Board of Directors for the 2026–2027 term, with Captain Robin Stewart serving as President and Captain Kevin Roberts as Vice President. The organization also welcomed Captains Matt Taylor and Simon Houston as new Directors, while Captain Glen Ritchie begins his 2nd term. BC Coast Pilots thanked outgoing President Captain Steve Kennedy and Directors Ron Carey and Dean Nelson for their leadership and service. The pilot-owned organization noted that its peer-elected, rotational governance model helps ensure continuity, transparency, and leadership grounded in operational experience. | AltaGas expands LPG export opportunities in Asia AltaGas is pursuing new propane and butane export opportunities in India, Vietnam, Taiwan, and other Asian markets as it expands its West Coast export infrastructure. The company says growing concerns over Middle East supply security and trade tensions with the United States are prompting Asian buyers to diversify their energy sources. AltaGas highlights Canada's competitive advantage, including shorter shipping times to Asia and abundant LPG supply. The company is nearing completion of its Ridley Island Energy Export Facility near Prince Rupert, which will export both propane and butane later this year. AltaGas expects long-term demand growth in Asia to support further expansion of Canadian LPG exports. | Ocean Wise offers free Whale Report Alert System training Ocean Wise is offering free virtual training sessions for commercial mariners and other marine stakeholders on the Whale Report Alert System (WRAS). The sessions will introduce new users to the Whale Report app, provide updates on system enhancements, and showcase new whale detection technologies being deployed on British Columbia’s North Coast, including a recently installed WhaleSpotter camera. The training is intended for commercial vessel operators, government agencies, Indigenous communities, researchers, and marine industry managers, with a focus on improving real-time whale awareness and supporting safer navigation for both mariners and whales. | India explores Canadian crude supply opportunities India is considering Canada as a potential source of crude oil as both countries seek to strengthen energy and trade relations. Speaking at the Global Energy Show in Calgary, India’s High Commissioner to Canada noted that the country’s newer refineries are well-suited to process heavy crude, making Canadian oil an attractive option. Officials from both countries are continuing discussions on energy cooperation, although concerns remain among investors regarding Canada’s regulatory environment and project approval timelines. The announcement comes amid broader efforts to expand economic ties and follows interest from international energy companies in Canada’s oil, gas, and LNG sectors. | Rio Tinto expands community investment fund in Canada Rio Tinto is increasing annual funding for its Rio Tinto Canada Fund by 30% to C$13 million, strengthening support for community, Indigenous, environmental, education, healthcare and food security initiatives across the country. Since its launch in 2008, the fund has contributed nearly C$190 million to more than 600 organizations. The expanded investment reflects Rio Tinto’s continued commitment to communities near its Canadian operations, including iron ore, aluminum, titanium dioxide and lithium projects, while supporting long-term community resilience and workforce development as demand for critical minerals grows. | | Government News | Senate Report calls for stronger measures to protect supply chain reliability A Senate Committee report released today is urging the federal government to strengthen measures that prevent labour disruptions in Canada's rail and marine sectors, citing their significant impact on supply chains and trade competitiveness. The report recommends creating a dedicated dispute resolution framework, including mediation and arbitration, for federally regulated transportation sectors. It also calls for clearer guidelines governing federal intervention in labour disputes. Recent disruptions at ports and railways have highlighted the vulnerability of Canada's export-dependent economy. The committee argues that improving supply chain reliability is essential to supporting trade diversification and maintaining Canada's reputation as a dependable trading partner. | Ksi Lisims LNG signs benefit agreements with three First Nations Western LNG, the lead developer of the proposed Ksi Lisims LNG project in northern British Columbia, has signed benefit agreements with the Metlakatla First Nation, Lax Kw’alaams Band, and Gitxaala Nation. As part of the agreements, Metlakatla and Lax Kw’alaams have withdrawn their legal challenge to the project’s federal approval. The agreements include provisions related to economic development opportunities and climate initiatives for the participating communities. The $10-billion project, a partnership between the Nisga’a Nation, Western LNG, and Rockies LNG, is targeting a final investment decision later this year following recent LNG supply agreements with German utilities. | Interest growing in proposed West Coast pipeline Alberta Energy Minister Brian Jean says several potential investors, including a Fortune 500 company, have expressed interest in financing and participating in a proposed new oil pipeline to Canada’s West Coast. While no partners have been formally identified and details remain preliminary, Alberta intends to submit its project proposal to the federal Major Projects Office by July 1. The announcement comes amid debate over the project's commercial viability, with some industry leaders questioning whether regulatory requirements, carbon pricing, and emissions-reduction investments could make financing a new pipeline difficult. Despite these concerns, the Alberta government remains confident it will meet its submission timeline. | TC reissues Cruise ship wastewater discharge requirements Transport Canada has reissued its cruise ship sewage and greywater discharge requirements through Interim Order No. 4, effective June 7, 2026. The measures, unchanged since 2023, prohibit cruise ships carrying more than 100 passengers with overnight accommodations from discharging sewage or greywater within 3 nautical miles of shore anywhere in Canada. Between 3 and 12 nautical miles, sewage and greywater must be treated to strict environmental standards before discharge. The requirements also include detailed record-keeping, reporting, testing, and certification obligations. The measures aim to further protect marine habitats and reduce vessel-source pollution in Canadian waters. | | US News | US senators press administration on Chinese ship port fees Two Democratic senators have urged the Trump administration to clarify its plans regarding port fees on Chinese-built and Chinese-operated vessels, arguing that the measures are critical to revitalizing US shipbuilding and maritime logistics. Senators Elizabeth Warren and Mark Kelly have requested a response from the U.S. Trade Representative by June 21 on whether the fees, suspended until November as part of broader trade discussions with China, will be reinstated. The senators contend that the fees are intended to encourage investment in domestic shipbuilding and reduce US dependence on China's maritime industry, which they view as a growing economic and national security concern. | Trump reopens large Pacific Marine Monument Areas to commercial fishing U.S. President Donald Trump has issued a proclamation restoring commercial fishing access to large areas of the Papahānaumokuākea Marine National Monument, Mariana Trench Marine National Monument, and Rose Atoll Marine National Monument. The proclamation removes monument-based fishing restrictions in designated offshore zones, arguing that existing federal fisheries management and environmental laws provide sufficient protection for marine ecosystems. Commercial fishing will remain subject to U.S. fisheries regulations and conservation requirements, and only U.S.-flagged vessels will be permitted to fish within the reopened areas. The administration says the move will support American seafood production and coastal fishing communities while maintaining responsible resource management. | Long Beach launches incentive program for zero-emission trucks The Port of Long Beach has approved a $4.8 million incentive program to support drayage operators that introduced zero-emission trucks into port service between 2024 and 2025. Under the initiative, operators will receive awards of $8,000 to $10,000 per truck in 2027, funded through the ports’ Clean Truck Fund. The program aims to accelerate adoption of zero-emission vehicles by helping offset operating costs while encouraging greater investment in charging infrastructure and vehicle production. More than 600 zero-emission trucks are currently registered to operate within the LA-LB port complex as the ports continue pursuing long-term decarbonization goals. | NOAA declares El Niño as Panama Canal prepares for potential impacts The U.S. National Oceanic and Atmospheric Administration (NOAA) has officially declared the onset of El Niño conditions, forecasting a 63% chance that the climate event will strengthen into a very strong El Niño by late 2026. The development is significant for global shipping, as El Niño is often associated with reduced rainfall in the Panama Canal watershed. Earlier this month, the Panama Canal Authority announced a reduction in the maximum draft for Neopanamax vessels beginning July 3 as a precautionary measure. While current water levels and transit volumes remain strong, canal officials continue implementing water conservation strategies to help maintain operations should drier conditions emerge later this year. | | International News | World Bank releases 2025 Container Port Performance Index The World Bank and S&P Global Market Intelligence have released the 2025 edition of the Container Port Performance Index (CPPI), a global benchmark measuring port efficiency based on vessel time spent in port. The report highlights the critical role efficient ports play in reducing trade costs, improving supply chain reliability, and lowering emissions. While global port performance has remained relatively resilient, the report notes that geopolitical tensions, the Red Sea crisis, Panama Canal constraints, and climate-related disruptions have contributed to congestion and operational challenges across several regions. | Study warns of growing global seafarer retention crisis A new study by the World Maritime University has found that nearly half of today’s seafarers intend to leave the profession within five years, highlighting growing concerns over workforce sustainability. The survey identified long working hours, high stress levels, limited shore leave, and administrative burdens as key factors driving dissatisfaction. In response, ship managers are expanding recruitment efforts into emerging maritime labour markets such as Africa, while continuing to invest in traditional seafaring nations. Industry leaders stress that attracting new talent alone will not solve the challenge, warning that meaningful improvements to working conditions, crew welfare, and retention are essential to maintaining a sustainable global maritime workforce. | Hormuz disruption creating container equipment imbalances Ongoing disruption in the Strait of Hormuz and widespread port congestion across the Middle East and Indian subcontinent are creating growing imbalances in global container equipment availability. Large numbers of empty containers remain stranded in Gulf ports, limiting their return to Asia and other export markets and prompting carriers to increasingly rely on leased equipment. While the situation is not yet considered critical, shippers may face delays in securing containers at origin during the summer months as demand remains strong and equipment repositioning continues to lag. Industry participants expect container availability to remain tight until port congestion eases and normal equipment flows are restored. | Middle East conflict reshapes global bunker fuel markets The ongoing Middle East conflict is creating a growing divide in global bunker fuel markets, with Western hubs such as Rotterdam and Houston remaining relatively well supplied while key Eastern hubs, particularly Fujairah and Singapore, face tightening availability and significantly higher prices. Disruptions linked to the Strait of Hormuz have driven fuel costs sharply higher, increasing operating expenses for shipping lines and prompting carriers to impose fuel surcharges. Fujairah has experienced the most severe constraints, with bunker prices reaching record levels and suppliers limiting forward commitments. Analysts advise shipowners to maximize bunkering opportunities in North America and Northern Europe, where supply conditions remain more stable, as elevated fuel costs and availability challenges are expected to persist across Asia and the Middle East. | Suez Canal to increase vessel transit surcharges The Suez Canal Authority will increase temporary transit surcharges for most vessel types effective July 15, raising costs for tankers, gas carriers, bulk carriers, containerships, and vehicle carriers. Crude and product tankers will see the largest increases, while LNG, LPG, chemical, and dry bulk vessels will also face higher charges. Container vessels will continue to be subject to the existing tiered surcharge structure but will incur an additional 12% fee. The Suez Canal Authority said the revised surcharges reflect current maritime market conditions and may be adjusted or withdrawn as circumstances evolve. | UK ETS to apply to maritime sector from July 2026 The United Kingdom will extend its Emissions Trading Scheme (UK ETS) to maritime transport from July 1, 2026, covering cargo and passenger vessels of 5,000 GT and above operating domestic UK voyages. Ship operators will be required to monitor, report and verify greenhouse gas emissions, maintain an approved company-level Emissions Monitoring Plan, and surrender emissions allowances annually. The scheme applies to emissions generated during UK domestic voyages and port stays, while international voyages remain outside its scope. Compliance will be managed through the UK’s digital METS platform, with the first allowance surrender deadline set for April 2028, covering emissions from the second half of 2026. | | Upcoming Events | | | June 17 - COS Operations Committee Meeting @ 1030, Port Alberni, BC June 23 - WMCC Recruitment and Retention Committee Meetings @ 1000 June 23 – Pacific Pilotage Authority Annual Public Meeting @ 1500 June 24 - WMCC PACMAR Meeting, Sidney, BC June 24 - COS Environment and Sustainability Committee Meeting @ 1400 June 25 - ISSC Day of the Seafarer Peak Challenge, Grouse Mountain - Sold Out July 1 - Canada Day - Office Closed Aug 3 - BC Day - Office Closed Aug 12 - PPA Quarterly Operations Meeting @ 1000 Aug 14 - Plimsoll Club Nooner at the Nat Sep 15-17 – ACPA Ports Canada Conference, Windsor, ON | | Ship of the Week | 12 June - MegúguSouth Korea’s Samsung Heavy Industries has launched the floating LNG facility for the Cedar LNG project, marking a major milestone for the Haisla Nation-led development in Kitimat, British Columbia. The FLNG unit, named Megúgu, will liquefy, store, and export natural gas using renewable hydroelectric power from B.C.’s grid, positioning Cedar LNG among the world’s lowest-carbon LNG facilities. Majority-owned by the Haisla Nation in partnership with Pembina Pipeline Corporation, the project is expected to receive the completed FLNG unit in 2028. Samsung is currently building three large FLNG facilities simultaneously, highlighting growing global demand for floating LNG infrastructure. |
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