Oceaneering appoints Michael Sumruld as CFO Houston, Texas-headquartered Oceaneering International, Inc. (NYSE: OII) reports that Michael W. Sumruld will be appointed senior vice president and chief financial officer effective January 1, 2026. Sumruld succeeds Alan R. Curtis, who
Texas A&M's Smart-Sea system guides seafarers away from collisions Researchers from the Texas A&M University College of Engineering have developed a system that analyzes vessel maneuverability and seafarer experience to deliver real-time collision avoidance recommendations.
Climeon waste heat recovery system passes a FAT milestone Stockholm, Sweden-based waste heat recovery system specialist Climeon AB has marked another milestone. A Climeon HeatPower 300 system that will be installed on a landmark NovaAlgoma Cement Carriers (NACC) newbuilding has completed
Windstar Cruises takes delivery of the Star Seeker Miami, Fla,-headquartered, Windstar Cruises has officially taken ownership of its newest all-suite yacht, Star Seeker, following a handover ceremony on Dec. 15 at the West Sea Shipyard in Viana do Castelo, Portugal.
Ingalls delivers USS Ted Stevens (DDG 128) HII (NYSE: HII) reports that its Ingalls Shipbuilding division has delivered the Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the U.S. Navy. The ship is the second Flight III
ANL restores rates for North-East Asia-New Zealand trade ANL will implement a rate restoration for shipments from North-East Asia to New Zealand, effective January 15, 2026. The adjustment applies to all container types: US$200 for 20-foot containers and US$400 for 40-foot containers, including reefers. The increase will be added to existing Spot and FAK rates, along with all applicable surcharges at the time of shipment. The post appeared first on Co
ONE appoints new agency in Senegal Ocean Network Express (ONE) will operate through a new representative agency in Senegal, CSTT-AO, starting March 1, 2026. CSTT-AO, headquartered in Dakar, is a pan-African company with over 75 years of experience in shipping, forwarding, inland logistics, and procurement. The agency offers end-to-end solutions tailored to the African market. ONE said the move strengthens its presence in Senegal a
CMA CGM launches new KEA service CMA CGM will launch a new KEA service connecting the US East Coast with Oceania, offering faster, more reliable coverage for the trade route. The service complements the existing RTW PAD product, giving the carrier two weekly departures on this corridor. Southbound, the service covers New York, Philadelphia, Savannah, and Charleston, with an import call in Tauranga. Northbound, it includes Port C
Valenciaport advances renewable energy and net zero goals Valenciaport's ECOPORT II initiative has set ambitious targets to boost energy efficiency and environmental sustainability across its ports in Valencia, Sagunt, and Gandia. The program focuses on developing renewable energy sources and installing electric charging points for ships, aligning with Valenciaport's Net Zero Emissions plan to achieve carbon neutrality by 2035. The plan also aims for fu
New BAF surcharges effective February 1, 2026 Shipping lines will introduce updated Bunker Adjustment Factor (BAF) surcharges from February 1, 2026. These will cover Pacific regional trades and services linking Australia and New Zealand with the US West Coast. For shipments to and from the US West Coast, the BAF will be set at US$478 per TEU, or US$27.31 per revenue ton. The surcharge applies in both directions between the US West Coast and
WAN HAI 503 continues cargo discharge following onboard incident Cargo operations are continuing onboard the vessel WAN HAI 503 under the close supervision of specialist teams, according to an update issued on December 30, 2025. The discharge of distressed cargo from the vessel's holds has been completed. Cleanup work is now focused on removing cargo residue and waste from cargo holds 3 and 4. Hold 4 is expected to take longer due to a large volume of slurry.
Maersk introduces inland peak season surcharges via Naples and Salerno Maersk will introduce new inland peak season surcharges for cargo moving through the Italian ports of Naples and Salerno. For exports, the Inland Peak Season Surcharge (IPE) will apply to shipments from Italy to global destinations. For imports, the Inland Peak Season Surcharge (IPI) will apply to cargo moving from global origins into Italy. The surcharges will take effect on January 24, 2026, fo
Prysmian and Fincantieri to acquire Subsea Telecom Specialist Xtera Prysmian has agreed to acquire Xtera through a joint venture with Fincantieri, strengthening its position in the global submarine telecom market. The acquisition will be carried out by a Prysmian-led joint venture, with Prysmian holding an 80% stake and Fincantieri 20%. Xtera is being acquired from an affiliate of H.I.G. Capital. Xtera is a UK- and US-based provider of turnkey submarine telecom s
Indian Navy receives indigenous ASW Shallow Water Craft Anjadip The Indian Navy has taken delivery of Anjadip , the third vessel under the Anti-Submarine Warfare Shallow Water Craft (ASW SWC) program. The handover took place on December 22, 2025, at INS Adyar in Chennai. Garden Reach Shipbuilders and Engineers (GRSE) built the vessel in Kolkata. Indian Register of Shipping (IRS) classed the warship under its Naval Rules. Anjadip takes its name from Anjediva I
World's first methanol dual-fuel VLCC enters service The methanol dual-fuel VLCC New Explorer has been delivered in Dalian, China. The handover took place on December 22. The vessel was built by Dalian Shipbuilding, part of China State Shipbuilding Corporation, for China Merchants Shipping. It is the world's first methanol dual-fuel VLCC to enter commercial service. China Classification Society (CCS) classed the ship and supported its early deliver
Trump says US 'Hit' Dock in Venezuela in first known land strike US President Donald Trump said the United States has "hit" a dock in Venezuela allegedly used to load drugs onto boats, marking what could be the first known US land attack in the country during his administration's campaign against drug trafficking, as ABC News reported. Trump made the remarks after saying in a radio interview last week that the US had "knocked out" a "big facility" in Venezuela
Seacon snaps up six ultramax resales Hong Kong-listed Seacon Shipping has moved to reshape its newbuilding pipeline, taking over contracts for six ultramax bulk carriers and lining up long-term leaseback financing to fund the deal. The company said it has entered into novation agreements to assume all rights and obligations under existing shipbuilding contracts for six 63,800 dwt bulkers at Nantong ...
Jinjiang Shipping eyes up to eight boxship newbuilds Shanghai-listed Jinjiang Shipping has moved to grow its container fleet, unveiling plans to invest up to RMB 1.94bn (about $270m) in a series of bangkokmax newbuildings. The Shanghai International Port Group-controlled carrier has approved a proposal to order four 1,800 teu containerships, with options for a further four of the same design. The firm ships ...
FSL extends product tanker cover with James Fisher Singapore-listed First Ship Leasing Trust (FSL) has strengthened earnings visibility after agreeing a package of charter extensions with James Fisher Everard, the tanker arm of the James Fisher Group. FSL said it has extended the charters for the product tankers Speciality, Seniority and Superiority, with new periods ranging from five months to four years. At ...
Saipem extends drillship charter and $300m purchase option deadline Norway-based Deep Value Driller has won an extension of the bareboat charter for a seventh-generation drillship of the same name from Italian offshore engineering and construction giant Saipem. Saipem has extended the charter of the 2014-built drillship Deep Value Driller, formerly known as Bolette Dolphin, for a firm period of 31 days until July 31, 2026. The two ...
Gulf Marine Services secures new Middle East liftboat charter London-listed liftboat operator Gulf Marine Services (GMS) has won a new contract for one of its E-class vessels in the Middle East. The contract for an unnamed large-class vessel will last for two years, including options to extend the deal further. Financial details and the client were left undisclosed. GMS has four E-class self-propelled, self-elevating ...
Shipping faces incidental risks as Taiwan-adjacent drill cycles intensify, analyst says Beijing's drills surrounding Taiwan are less about closing sea lanes outright than repeatedly injecting uncertainty and delay into one of...
Oil price cap set to be lowered again to $44 but full embargo remains on the table If a peace deal is not imminently agreed, the next EU sanctions move is likely to see a full maritime...
Seacon acquires six ultramax newbuilds with leaseback financing The move follows Seacon's exit from six 5,200 dwt multipurpose newbuildings
South Korea launches M.AX alliance to accelerate AI-powered autonomous ships The country also aims to advance autonomous and green ship technologies, maritime industry clusters and workforce development through full-scale collaboration...
Chinese-flagged VLCC en route to Venezuela despite US blockade The real geopolitical test for America's blockade of Venezuela would come from Chinese-flagged tankers. What would happen if an unsanctioned...
Warehousing vacancies hit new peak, but larger facilities still needed Developers expect vacancy rates to drop as shippers that had been paralyzed by US tariff uncertainty set more long-term plans in motion.
CMA CGM's Oceania-US East Coast service to kick off in February While container trade between the South Pacific and USEC was flat prior to 2021, it has shown growth since then, albeit from a small base.
Maersk waives 'disruption surcharge' for Red Sea sailing on India-USEC trade The fee - generally in the range of $200 per TEU and $450 per FEU - was introduced by the carrier in January 2024 following the industry-wide rerouting of vessels via the Cape of Good Hope in southern Africa.
E-commerce, AI demand to keep ex-Asia air freight under pressure Airlines will continue to adjust capacity to account for shifts in volume, but the volatility of US trade policy and continued demand growth fueled by the AI boom will make this more difficult.
CMA CGM's Oceania-US East Coast service to kick off in February While container trade between the South Pacific and USEC was flat prior to 2021, it has shown growth since then, albeit from a small base.
Maersk waives 'disruption surcharge' for Red Sea sailing on India-USEC trade The fee - generally in the range of $200 per TEU and $450 per FEU - was introduced by the carrier in January 2024 following the industry-wide rerouting of vessels via the Cape of Good Hope in southern Africa.
Shippers to regain leverage in trans-Pacific contract negotiations The strength of holiday retail sales in the final month of 2025 and inventory levels approaching the Lunar New Year factory shutdowns in February will be the major factors determining the extent of pricing power in trans-Pacific contract talks.
Fresh Somali piracy threat to shipping unlikely to end soon, UN warns International and regional cooperation holds the key to limiting the danger from ship seizures, according to expert panel
Hengli adds four 6,000-teu boxships to newbuilding portfolio Yard wins $300m to $400m contract for vessels to be delivered in late 2028
Worker dies from fall at Samsung Heavy while working on tanker Second subcontractor fatality at South Korean yard this year
Moundreas company told to hand over arbitration documents in landmark judgment South African ruling says parties cannot shield arbitration records with confidentiality when courts need disclosure
Shipbuilders see late surge in LNG carrier orders as year ends with more to come Will anymore newbuildings slip in under the wire to boost 2025's modest tally?
'Understatement of the decade': Jefferies stomps on claim it has only a 'foot in the door' of shipping This week's Streetwise sounds out Jefferies shipping boss Douglas Mavrinac on the franchise he has helped build and why it is sustainable
Shanghai Jinjiang rolls out plan for eight Bangkokmax boxships Chinese owner sets aside $271m to order ships for Southeast Asian trades
Italian owner DIS returns to China for product tanker newbuildings Milan-listed company books a pair of MR1 vessels at Guangzhou Shipyard International
AHTS fetches almost $10m in action-packed auction Buyers waste no time chasing modern AHTS tonnage in Chinese online sale
First US LNG cargo into Greece's FSRU heralds start of new supply corridor Trading arm details its first shipment from Venture Global for Bulgaria
Mandatory lost container reporting to start in 2026 Move comes amid concerns over potential environmental impacts of ever-larger ships
Evangelos Marinakis doubles down on LNG ships with 'opportunistic' $770m order Fresh newbuilding batch boosts Capital Clean Energy Carriers' fleet on the water and under construction to more than 30 vessels
DHT banks $101.6m from sale of VLCC pair Company says net cash proceeds add up to about $95m
Passengers to be removed from cruise ship stuck on South Pacific coral reef Guests on the stranded Coral Adventurer will be flown to Australia, says Coral Expeditions
Beijing tightens grip on Taiwan's 'life or death' shipping lanes in war game Live-fire zones encircle key ports and sea routes around the island closer than 2022's exercises
Shipping's newest trading force considers evolution from tanker operating to ownership Switzerland's AB Commodities has a clear plan to develop a vital freight presence
New bill limits truck driver liability for stolen freight WASHINGTON - Bipartisan legislation aimed at combatting package-stealing "porch pirates" would also provide added protections for last-mile trucking companies and their drivers. The Porch Pirates Act of 2025 , introduced and cosponsored on December 23 in the U.S. House of Representatives by five Republicans and five Democrats, would make stealing a package delivered by a private carrier - such as
Competing railroads claim UP-NS merger application omits key information Other Class I railroads have found no shortage of deficiencies in the Union Pacific-Norfolk Southern merger application and are urging the Surface Transportation Board to reject the document for its failure to address key aspects of the transcontinental combination. Comments from interested parties on the completeness of the application were due on Monday. They do not address the merger itself, b
Maersk leans into logistics with new North American chief In a move that signals a growing emphasis on its logistics business, A.P. Moller-Maersk on Tuesday confirmed the appointment of Ditlev Blicher as the new regional president for North America as of Jan. 1. Blicher had worked as Maersk's regional president for Asia Pacific since 2023. Ditlev Blicher (Photo: Maersk) The appointment was part of a reorganizing of leadership announced earlier this mont
Latest decline in benchmark diesel leads to a mostly flat end-year price Diesel consumers continued to enjoy a decline in the fuel's pump price during Christmas, as the benchmark used for most fuel surcharges declined for the sixth consecutive week. The Department of Energy/Energy Information Administration average weekly retail diesel price declined 4.4 cents/gallon to an even $3.50/gallon. With the latest drop, the price is down 36.8 cts/g over those six weeks. The
The Patrick and Barbara Kowalski Freight Brokers Safety Act: Good Hearts, Bad Outcomes ( The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. ) In December 2025, Congressman John Moolenaar introduced a bill in the House of Representatives called the Patrick and Barbara Kowalski Freight Brokers Safety Act. This proposed law aims to make America's roads safer by cracking down on freight brokers, the midd
Short line operator rail R.J. Corman president Goss retires R. J. Corman Railroad Co. announced that president Raymond Goss will retire as of Jan. 30, 2026. Goss spent five decades in the rail industry and seven years leading Corman's short line and switching operations, the company said in a release. Raymond Goss (Photo: R.J. Corman) No successor was named. "Ray has been an exceptional leader whose steady hand and deep industry knowledge have strengthene
FMCSA signals no fast track for teen-driver program extension WASHINGTON - An upcoming decision facing the Federal Motor Carrier Safety Administration is more than a simple regulatory deadline: it's a choice between competing economic visions for the U.S. trucking market. On one side, large corporate fleets - represented by the American Trucking Associations - argue that FMCSA's Safe Driver Apprenticeship Pilot Program (SDAP), which recently completed three
Michigan truck crash underscores dangers of winter storms snarling roadways A tractor-trailer barreled through a concrete barrier and fell off an overpass along Interstate 196 in western Michigan on Monday morning, exploding on impact. Authorities blamed the accident on whiteout winter conditions. The tractor-trailer crash occurred just after 7 a.m. near Saugatuck as high winds, icy pavement and near-zero visibility created treacherous driving conditions, according to WW
Amazon backs Flowers Foods at SCOTUS on delivery driver legal status Beyond Flowers Foods itself, there may not be a company with as much at stake in the commercial baker's case before the Supreme Court than Amazon. That's why the logistics and online retailer's amicus brief in the Flowers Foods case, submitted earlier this month, stands out among several other filings in support of the core of Flowers Foods' argument: that final mile workers fall under the jurisd
Commercial Vehicle Inspections and Your Rights as a Driver Here's a question I get asked more than you might think: "Can law enforcement really knock on my sleeper berth door and demand an inspection while I'm on my mandatory 10-hour break?" The short answer is yes. The longer answer explains why, and it's a legal reality that's been settled for decades. I get it. You've been running hard, you finally pull into a rest area to grab some sleep, and suddenl
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