Helix Energy Solutions awarded multi-year North Sea plug & abandonment contract Houston-headquartered Helix Energy Solutions Group, Inc. (NYSE: HLX) reports that it has secured a multi-year contract with a major operator for riserless plug and abandonment (P&A) operations on up to 34 subsea
Fincantieri Marinette Marine names former SECNAV Kenneth J. Braithwaite chairman of its board Fincantieri Marine Group member Fincantieri Marinette Marine (FMM) has appointed former U.S. ambassador to Norway and the 77th Secretary of the Navy, Kenneth J. Braithwaite, as chairman of its board of directors.
Wraps come off new Trump-class battleship design The last new Navy ship design announced was for a frigate. Yesterday, something considerably larger was unveiled: a new class of American-designed battleships -the Trump class - that, says the administration, will
Alabama Port Authority launches $100M Pier B South redevelopment The Alabama Port Authority has begun demolition and reconstruction of Pier B South, launching a multi-year, multi-phase program to modernize the Port of Mobile's general cargo terminal-one of the port's most historic
Op-Ed: Biocrude's role in charting a lower-carbon future Maritime shipping plays a key role in global trade, providing transportation for roughly 80% of goods bought and sold internationally. At the same time, maritime vessels generate significant emissions-contributing around 3% of
Svitzer makes leadership team changes Global towage provider Svitzer has announced leadership changes in Europe and the Americas that will see Daniel Reedtz Cohen become managing director of Svitzer Americas, succeeding Arjen Van Dijk who, after six
Trinity House vessel successfully sea trials GNSS-independent INS Beverley, Mass.-headquartered CPI Electron Device Business reports that its U.K.-based TMD Technologies Division has successfully completed sea trials of its Harlequin quantum-hybrid inertial navigation system (INS) aboard the THV Galatea, operated by
New terminal will be built at Maasvlakte 2 In the northwest corner of Maasvlakte 2, a 15-hectare terminal for the Ministry of Defence will most likely be built. The ministry intends to use this new terminal for the transshipment and transit of military cargo. The terminal is part of the National Program Space for Defence. On December 19, the cabinet decided on the so-called preferred locations for various additional activities of Defence
Valenciaport closes November with growing exports The Port of Valencia has recorded traffic of 73,824,678 tons (-0.20%) so far this year, which, when evaluated in TEUs, amounts to 5,261,450 containers (+4.93%). With one month to go until the end of 2025, cumulative exports leaving the Valenciaport facilities have grown by 7.9%, while imports have grown by 14.47%. China, the United States, Algeria, and Morocco have been the countries with the hig
Sea-Intelligence: Global schedule reliability improves to 64.1% in November 2025 Sea-Intelligence has published issue 172 of the Global Liner Performance (GLP) report , with schedule reliability figures up to and including November 2025. In November 2025, global industry schedule reliability improved M/M by 2.8 percentage points to 64.1%, bringing it back in line with the levels seen between May and September. This is also the second-highest recorded figure for November. On a
Why container shipping refuses to return in the Red Sea? Two years of Cape routing creates structural inertia that security improvements alone cannot overcome as despite a Gaza ceasefire and sharply reduced Houthi attacks, container shipping traffic through the Suez Canal remains catastrophically depressed
ONE acquires minority stake in Dalian Container Terminal Ocean Network Express (ONE) has signed an agreement to acquire a minority stake in Dalian Container Terminal (DCT), strengthening its presence at one of Northeast China's most important container gateways. Located in Dalian, the largest foreign container trade hub in Northeast China, DCT is one of the region's largest dedicated container terminals. The terminal has an annual handling capacity of
SITC returns to Huanghai for six more 2,700 TEU ships SITC Container Lines' ship-owning affiliate, SITC Shipowning, has commissioned six more 2,700 TEU ships at China's Huanghai Shipbuilding, adding to four vessels ordered there in August. The Hong Kong-based intra-Asia carrier has been growing its owned fleet to manage high charter costs, a company representative told Container News
ZIM board provides update on ongoing strategic review ZIM Integrated Shipping Services has provided an update on its ongoing strategic review process, which has been underway for several months and is now in advanced stages. The company said its Board of Directors has received competitive proposals from multiple strategic parties to acquire all outstanding ordinary shares of ZIM. The board is currently evaluating these proposals, with a focus on del
Yusen Logistics and AGL Kenya form joint venture Yusen Logistics Global Management (YLGM) and AGL Kenya, part of Africa Global Logistics, have signed a joint venture agreement in Nairobi to expand logistics capabilities in East Africa. The partnership follows a memorandum of understanding signed in Paris in April 2025. Subject to regulatory approvals, the new venture will launch in January 2026, offering freight forwarding, multimodal transport
Drone attack damages infrastructure and vessels in Black Sea port of Taman Russia reported a drone attack damaged infrastructure and vessels in the Black Sea port of Taman, yet another strike on the country's commodities assets. According to local sources and Bloomberg, Ukrainian drones struck the Tamanneftegaz oil terminal in the village of Volna, Krasnodar Krai, Ukraine's General Staff confirmed on December 22. Kyiv Independent invoked a source in Ukraine's military i
Maritime London appoints Philippa Charlton as director Maritime London has announced the appointment of Philippa Charlton as a Director, strengthening the organisation's board with senior expertise from the classification and decarbonisation sectors. Charlton is Chief Marketing Officer at Lloyd's Register and a member of the organisation's Executive Leadership Team, where she plays a key role in shaping global strategy, market engagement and thought
SAAM Towage certifies Brazilian operations SAAM Towage has certified its operations in Brazil as carbon neutral for the third year in a row, after once again obtaining the PAS 2060 international certification, which verifies the neutrality of greenhouse gas emissions. The certification confirms that SAAM Towage Brazil has offset 100% of its Scope 1 and Scope 2 emissions through the purchase of carbon credits, alongside continued operation
Kalmar to upgrade STS cranes at Wilhelmshaven Kalmar has secured a contract to relocate and modify two ship-to-shore cranes for Eurogate Container Terminal Wilhelmshaven. The agreement covers two ZPMC STS cranes and forms part of Kalmar's Modernisation Services portfolio. The order was booked in Kalmar's fourth-quarter 2025 intake and aims to extend the operational life and capability of the terminal's crane fleet. The project includes the t
GXO appoints Karen Bomber as Chief Commercial Officer GXO Logistics has appointed Karen Bomber as Chief Commercial Officer, effective January 26, 2026. Bomber will report to CEO Patrick Kelleher and lead the company's global go-to-market strategy. Her remit includes customer relationships, pricing and sales growth, with a focus on high-growth segments, verticals and geographies. She brings more than 25 years of experience in commercial strategy and
CMA CGM to enhance PEX2 Asia-Caribbean service from 2026 CMA CGM has announced a major enhancement of its PEX2 Asia-Caribbean service, with a revised service pattern set to take effect in 2026. The reshuffling is aimed at strengthening schedule reliability and expanding port coverage across key Asia-Caribbean and Mexico trade corridors. According to the carrier, PEX2 will continue to operate as a fully dedicated service between Asia, the Caribbean and
Container ship newbuilding orders surge to 600 in 2025 Container ship newbuilding orders surged to around 600 vessels in 2025 , marking a 42% year-on-year increase from 413 orders in 2024 and making the year the second-highest on record . According to Veson Nautical 's 2025 End-of-Year Market Report , the rebound underscores sustained owner confidence in fleet investment despite elevated prices, regulatory uncertainty, and unresolved fuel technology
Saipem scores another massive deal from QatarEnergy Italian energy services contractor Saipem, in partnership with COOEC, has been awarded an offshore EPCI contract for worth on the North Field worth $4bn by Qatar's state-owned company QatarEnergy. The contract is for the so-called COMP5 package of the North Field Production Sustainability Offshore Compression Complexes project. The overall value of the contract is $4bn, ...
DOF bags vessel awards across Americas, Africa and North Sea Norwegian offshore vessel owner DOF has raked in a batch of new vessel contracts and an IMR deal with Shell in Trinidad and Tobago. The contracts will be executed primarily using DOF's regional fleet during the fourth quarter of 2025 and the first quarter of 2026. In total, the awards represent more than 250 firm ...
Shearwater prepares new seismic campaign in Nigerian waters Norwegian offshore seismic vessel player Shearwater Geoservices is preparing to send out one of its vessels for a new multi-client seismic project offshore Nigeria. According to the company, the 3D survey is backed by significant industry funding and will be executed in partnership with Harvex Geosolutions and the Nigerian Upstream Petroleum Regulatory Commission. The project ...
Zim in 'advanced stages' of considering takeover bids, says board Zim's board reiterated that other liner companies are interested in buying the company and disclosed that it has rejected a...
Shipowners may face billion-dollar hit for Baltimore bridge payout shortfall Bill for Dali casualty could comfortably top International Group reinsurance cover, Tysers warns
Panama accuses intercepted vessel of disrespecting maritime rules Panama's foreign minister said that Panama-flagged Centuries, which was intercepted by the US, did not obey the maritime rules and...
Flag-hopping shadow fleet starts to settle in Russia Russia's willingness to directly flag ships operating in sanctioned trades points to a more permanent evolution of the shadow fleet...
Yang Ming bets on dry bulk growth with $150m order for four supramaxes The orders were placed by the carrier's bulk shipping arm Kuang Ming Shipping, at Japanese shipyards
Worker killed in fall at Samsung Heavy Industries Geoje shipyard Production was halted for four hours the day after the accident to conduct special safety training. Work then resumed with...
India and New Zealand to sign free trade agreement The deal was signed in nine months as India hopes to tap cheaper New Zealand produce without compromising its domestic...
Vintage tonnage remains in demand as MSC picks up panamax trio from Sinokor Latest deals bring MSC's total secondhand acquisitions in 2025 to more than 60 boxships
UK Court of Appeal upholds 'pay first' clause in marine liability policy 'Pay first' remains an enforceable, market-standard qualification to indemnity in marine liability policies
The Week in Charts: Flag-hopping shadow fleet starts to settle in Russia | What US 'blockade' of Venezuela means to tanker markets | Dry cargo vessel recycling muted Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
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Daily Briefing Shipping in 2026 and beyond: the future isn't what it used to be | Shipping lenders partying like its 2007...
Trans-Atlantic capacity injection overtakes market demand As 2026 begins, US import demand remains uncertain, but the record amounts of capacity container lines plan to deploy in January and February could put further pressure on already weak rates.
South Korea to invest $3 billion expanding foreign logistics, terminal network The investment plan was developed amid growing alarm that the country is losing out in the trade stakes due to a lack of investment by South Korean companies in overseas logistics facilities.
Essberger orders up to six chemical tanker newbuildings Geerman owner is continuing its fleet renewal programme by looking to a second Chinese yard
Peter G's busy Christmas: United Overseas snaps up dry bulk arm of Norvic Shipping Second deal in a month for Peter Georgiopoulos and Leo Vrondissis, who have plenty to celebrate for the holidays
Pacific Basin Shipping orders its first bulkers in China in over a decade Return to Chinese shipbuilding is significant, given Pacific Basin's longtime focus on Japanese tonnage and new Singapore domicile
VLCC owners look to January for shifting trend to 'put the cat amongst the pigeons' Market observers see muted activity pre-Christmas as January could move the balance of power back towards owners
Norden rides rising price wave as it offloads product tanker Danish owner said to be banking $33.8m for MR vessel
Imperial Petroleum trading at third of its value, Harry Vafias shipowner calculates Tanker and bulker owner worth $508m against market cap of $171m
Insurance leaders lobby nations to prevent billion-dollar casualty claims London Club CEO says the industry is concerned about future claims following the X-Press Pearl disaster
Shipowner PascoGas steps up growth campaign with two fresh acquisitions Istanbul-based LPG carrier firm steps on the gas with secondhand buys from Chinese seller
Fledgling Greek player Metis boosts bulker fleet after Norden resale Low-profile company grows its footprint, possibly with the help of Japanese partners
Zim stock surges after 'multiple' takeover offers roll in CEO Eli Glickman and shipowner Rami Ungar have revised proposal rejected, while others signal their intentions
Hafnia signals Torm takeover intent to forge $5bn company with 300 tankers Statement in US filing gives clearest indication yet of Andreas Sohmen-Pao's intentions towards Danish rival
Japan's MOL banks $1.6bn to fund takeover of tank terminals business and FSRU Owner also moves ahead with financing for Singapore-chartered FSRU
30 tankers stuck in Venezuela as owners avoid international waters State oil company PDVSA has loaded a VLCC as exports have dwindled
Boxship giants Danaos and Navios clinch lucrative charters from MSC and Cosco Buoyant container ship charter market shows no signs of slowing
Tomini turns to Japanese tonnage provider in bulker fleet boosting move Time charter deal is the latest Japanese tie-up for Dubai-based bulker player as it pursues asset-lite strategy
West Africa stowaway cases surging despite repeated shipboard checks Shipowners warned of rising costs and risks from persistent port-side breaches
China Mutual warns of West Africa stowaway cases surging despite repeated shipboard checks Shipowners warned of rising costs and risks from persistent port-side breaches
Kevin Wong joins Singapore-based green bunkering player Golden Island as new COO Former Singapore port captain and sustainability champion tasked with development of low-carbon marine fuels
'Best in the world': Trump unveils self-named warship class amid US shipbuilding push US President pitches 'Golden Fleet' as answer to ageing Navy and China's maritime expansion
30 days to comply: FMCSA details truck broker trustee purge WASHINGTON - The trucking industry has known since late 2023 that a major shakeup was coming for truck broker financial responsibility, but the exact mechanics of how the Federal Motor Carrier Safety Administration would handle non-compliant trust providers remained a mystery. New guidance has provided answers, including establishing a strict 30-day "compliance clock" for brokers caught using ine
Slate Asset Management and Hamilton Lane Back Cold-Link Logistics at a critical growth juncture In a deal signaling growing investor confidence in the cold-chain logistics sector, Slate Asset Management and Hamilton Lane have acquired a majority equity stake in Cold-Link Logistics, positioning the company for its next chapter of expansion across North America's rapidly evolving food supply infrastructure. Cold-Link Logistics, founded in 2016 by brothers Michael and Nick Mandich, has rapidly
Love's factoring business gets bigger, buying trio of companies Love's Travel Stops has made its single biggest acquisition in the factoring business by scooping up three companies in a deal that closed Friday. In an email to FreightWaves, Neely Campbell Thomas, VP of Love's Financial Services, where its factoring activities reside within Love's, said the purchase of the three companies for an undisclosed amount was "Love's largest freight factoring acquisiti
ANA, Nippon Cargo Airlines begin to merge cargo businesses Cargo functions at All Nippon Airways and Nippon Cargo Airlines will be merged into a single company as part of a reorganization now underway following ANA's recent acquisition of the all-cargo carrier, with NCA continuing to operate as an independent airline, according to an industry source with knowledge of the situation. ANA Holdings, the parent company of All Nippon Airways, NCA and two small
How a Carrier Lost Payment on 62 Loads After an Impostor Theft - and Why the Industry Should Pay Attention This case didn't start with a late invoice or a billing disagreement. It started with an impostor. In early 2025, Illyrian Transport LLC - a federally authorized motor carrier - became entangled in a dispute that exposes some of the freight industry's most uncomfortable fault lines: identity theft, weak verification practices, and the growing use of payment offsets that can cripple a carrier even
Activist investor pushes Americold to revamp strategy Cold storage warehouse operator Americold announced it has entered a cooperation agreement with activist investor Ancora Group Holdings. The deal adds two board members and establishes a new finance committee to oversee existing shareholder value initiatives. Strategic investors Joseph Reece, a managing partner at SilverBox Capital, and Stephen Sleigh, a senior advisor at Blue Wolf Capital Partne
North Shore unveils US semiquincentennial locomotive The North Shore Railroad Company is the latest rail carrier to unveil a semiquincentennial locomotive honoring the 250th anniversary of the founding of the United States. The Northampton, Pa.-based short line rolled out NSHR 2238 on Dec. 22, with company representatives observing the introduction came just days before the anniversary of George Washington and his troops crossing the Delaware River
Philadelphia's Theobald becomes fourth major port chief to exit this year The Philadelphia Regional Port Authority announced the retirement of chief executive officer and executive director Jeff Theobald after nearly a decade leading the East Coast hub. Theobald will officially retire on June 30, 2026. The authority's board of directors said it will announce plans for a leadership transition soon. Since Theobald joined the port in 2016, the gateway more than doubled it
Benchmark diesel down yet again, five straight weeks of declines Another decline in the benchmark price of diesel has sent that number down by the biggest amount in a five-week period in two years. The Department of Energy/Energy Information Administration average weekly retail diesel price fell 6.3 cents/gallon go $3.544/g. It stood at $3.868 before this five-week run of falling numbers. The decline of 32.4 cts/g during that period is the most over a 5-week s
Why Knowing Your Numbers Is a True Competitive Advantage in Trucking At Playbook, we've recently partnered with ATBS , one of the most trusted accounting and advisory firms in trucking, to help owner-operators and small carriers get clearer on something that has quietly become a competitive advantage in today's market: understanding profitability at a granular level. Not estimates. Not averages. Not what worked last year. Real numbers, built around how your operat
Port Houston November volumes dip, but exports up 8% year to date Cargo volumes at Port Houston softened in November amid seasonal and market headwinds, but year-to-date totals remain strong and on track for another record year, port officials said. The port handled 335,275 twenty-foot equivalent units (TEUs) in November, a 9% year-over-year decline compared with the same period last year. Port Houston also handled 4.19 million short tons during the month, a 15
CDL Drug Testing Faces Uncertainty After Trump Executive Order It's official. Today, December 18, 2025, President Donald Trump signed an Executive Order directing the Attorney General to "take all necessary steps to complete the rulemaking process related to rescheduling marijuana to Schedule III of the Controlled Substances Act in the most expeditious manner." For the cannabis industry, it's a landmark moment. For the trucking industry, it's the beginning o
FMCSA's Triangle Study Is All About Driverless Trucks The Federal Motor Carrier Safety Administration wants to know if those orange warning triangles truckers place behind their rigs actually do anything. On the surface, it sounds like the kind of bureaucratic wheel-spinning that makes taxpayers wonder what their money is actually buying. Buried in the regulatory filing published this week is the real story, and it has almost nothing to do with tria
Gartner debuts 4PL Magic Quadrant as tariffs and disruption reshape logistics Gartner's inaugural 2025 Magic Quadrant for Fourth-Party Logistics (4PL) marks a formal turning point for a segment long discussed but rarely defined, as supply chains face persistent disruption from tariffs, geopolitics and technology fragmentation The report evaluates global 4PL providers based on ability to execute and completeness of vision, positioning companies such as C.H. Robinson, RXO, G
REPOWR's data shows it cost more in '25 for a short-term dry van rental REPOWR, the startup company that is attempting to inject short-term leasing capability into the trailer market, is putting some numbers on what's going on in its business. In a report recently released by the company , and in an interview with FreightWaves, statistics from that market are coming into focus. The white paper issued by REPOWR said its average daily rate to lease a dry van rose to $1
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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