INTERNATIONAL Marine News
Canada’s recreational marine industry applauds removal of the luxury tax on boats Canada’s boating industry has applauded Budget 2025’s commitment to remove
the devastating luxury tax on boats, a failed tax policy that unfairly punished Canadian manufacturers and workers. When the luxury tax was first implemented in September 2022, Canada’s marine industry leaders were quick to point out the impending losses of middle-class jobs, government tax revenues and sales declines. The removal of this failed tax was the direct result of sustained advocacy from the National Marine Manufacturers Association (NMMA) Canada, the Canadian Marine Retailers Association (CMRA), and our grassroots supporters across the country.
This decisive action protects boat manufacturing jobs across Canada, strengthens domestic production, and allows Canadian dealers to rebuild their businesses and restore sales to pre-tax levels. It also provides relief for the thousands of middle- class Canadians whose livelihoods depend on a strong recreational boating sector. By eliminating this tax, the government has recognized that recreational boating is more than a pastime. It is an engine of economic activity and a source of connection for communities from coast to coast to coast.
Singapore boasts record 2025 Singapore posted record port
performance in 2025, supported by resilient global trade and fuel offtake. The nation achieved a record of 3.22 billion gross tonnage (GT) of vessel arrivals and 44.66 million TEUs of container throughput in 2025 – a 3.5% and 8.6% increase from 2024, respectively.
Marine fuel sales also hit a new high at 56.77 million tonnes, a 3.4% increase from 2024, with continued growth in the use of alternative marin e fuels, which increased to 1.95 million tonnes in 2025 compared to 1.35 million tonnes in 2024.
Washington State Ferries rider numbers rose last year A wave of close to 1 million more passengers pushed
Washington State Ferries’ 2025 ridership to 20.1 million. That’s a jump of 5% from 19.1 million the previous year.
The return of full domestic service propelled the year-to-year increase in annual ridership. In June, the Seattle/Bremerton route’s second boat was restored, and the Fauntleroy/ Vashon/Southworth “Triangle” run resumed its daily three- boat schedule. In July, a second boat was added to the Port Townsend/Coupeville route on Fridays through Mondays for the busy travel season.
A decrease in cancelled sailings also helped to boost ridership. Cancellations declined from 2,620 in 2024 to 2,222 in 2025, the lowest since 2020. Cancelled trips due to crew shortages saw the biggest drop. This improvement reflects WSF’s recent investment in building and supporting its workforce.
10 | ISSUE 115 | MAR 2026 | THE REPORT
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