AYK Energy seals nine-vessel battery deal with Grimaldi Group Battery manufacturer AYK Energy has won an order to supply its 2,073 kWh OrionAN batteries to nine Grimaldi Group ROPax vessels being constructed for the group as part of its fleet renewal
Interior to pay Duke Energy $129M to terminate Carolina offshore wind lease The U.S. Department of the Interior has reached a settlement agreement with Duke Energy that will see the company voluntarily terminate its offshore wind lease, located in the Carolina Long Bay area
Parker Towing repowers towboat with Mitsubishi Tier 3 engines Parker Towing Company, Tuscaloosa, Ala., has completed a repower of the M/V Syble Fay, replacing the vessel's original Cummins QSK38 main engines with two Mitsubishi S12R Tier 3 diesel engines during a
DHT Holdings to make design upgrades to two newbuild Hyundai VLCCs NYSE-listed DHT Holdings Inc. says that it has identified and will implement a proactive design upgrade for its two newbuildings delivering from Hyundai this year. The company gives no specifics of what
WSF selects Siemens Energy as shoreside charging systems integrator Siemens Energy reports that it has been awarded the systems integrator contract to support Washington State Ferries' long term fleet electrification and decarbonization strategy. "This project is an important step in modernizing
Great Lakes Towing CEO Joe Starck retires The Cleveland, Ohio-based Great Lakes Towing Company reports that Joe Starck, the company's CEO, will retire, effective July 2, 2026. Starck's 35 year career at Great Lakes Towing began in engineering and
Bureau Veritas plans sale of oil and coal inspection business Bureau Veritas has entered exclusive negotiations with Triton Partners to sell its Oil & Petrochemicals and Coal Testing and Inspection business. The planned sale forms part of Bureau Veritas' LEAP | 28 strategy to reshape its portfolio and focus on faster-growing businesses. The business generated around €450 million in revenue in 2025. It operates a global network of laboratories and inspection
ClassNK launches world's first notation for ship construction carbon footprint ClassNK has introduced the world's first classification notation to verify the carbon footprint (CFP) generated during ship construction. The new notation, a-EA (CFP), aims to improve transparency and support more accurate reporting of greenhouse gas (GHG) emissions across the maritime supply chain. The notation confirms that the carbon footprint of a vessel's construction has been calculated and
Port of San Diego approves zero-emission bulk facility The Port of San Diego Board of Port Commissioners has approved an Option to Lease Agreement and authorised a Coastal Development Permit for a new bulk sugar handling and storage facility at the Tenth Avenue Marine Terminal. California Sugar Equipment LLC proposes to develop a Zucarmex facility capable of importing up to 280,000 metric tonnes of raw sugar annually into San Diego. The project is di
Port of Naples completes first LNG ship-to-ship bunkering operation The Port of Naples has completed its first ship-to-ship LNG bunkering operation, marking a milestone in the development of Italy's low-emission maritime infrastructure. The operation supplied Sun Princess, an LNG-fuelled cruise ship operated by Princess Cruises, part of Carnival Corporation. Axpo carried out the bunkering using the LNG bunker vessel Green Zeebrugge. The project involved several p
Maersk updates intermodal fuel fees across Europe Maersk has announced revised Intermodal Fuel Fee (EFS/IFS) levels for several European markets, citing continued pressure from higher global energy prices and the impact of security developments in the Middle East on fuel availability. The updated surcharges will apply from 6 July to 20 July 2026 and will continue to be reviewed every two weeks as market conditions evolve. For the Benelux region
Port of Long Beach marks progress on record state grant California State Transportation Agency Secretary Toks Omishakin visited the Port of Long Beach to review progress made under a record-setting state grant from California's Port and Freight Infrastructure Program, which is supporting more than 22,000 jobs while advancing emissions reductions and supply chain modernisation at the port. Omishakin, along with port officials, state representatives and
Maersk announces seasonal blank sailing on Northern Star service Maersk will implement a seasonal blank sailing on its Northern Star service due to seasonal cargo demand and market fluctuations. The affected voyage is the Capitaine Baret 636S southbound / 639N northbound rotation. The southbound voyage will begin from Shanghai on 6 September 2026, while the northbound voyage is scheduled to depart Tauranga on 17 October 2026. Maersk said all affected bookings,
Asyad Group and CMA CGM to develop US$400 million logistics terminal in Sohar Asyad Group and CMA CGM Group have signed a framework agreement to develop, manage and operate a new multipurpose logistics terminal in Sohar, Oman. The agreement was signed during the official visit of His Majesty Sultan Haitham bin Tarik to France. The partnership provides the framework for a US$400 million terminal project that aims to strengthen Oman's position as a regional logistics hub an
Geopolitics fragment access, liner shipping is consolidating ownership Liner networks are quietly abandoning Asia's mega-hubs for a denser, more fragmented map and the Gulf's newest winners are also its newest fault lines
COSCO SHIPPING Ports-led consortium wins concession for terminal at port of Tarragona A consortium comprising COSCO SHIPPING Ports, COSCO SHIPPING Bulk and PTP Ibérica has received the award notification from the Port Authority of Tarragona for a multipurpose terminal project at the Spanish port, following a public tender process. The consortium attended an award ceremony hosted by the Port Authority on the same day, though the formal grant of concession remains subject to the inc
MSC revises freight rates from South Asia to Europe MSC Mediterranean Shipping Company has announced new Freight All Kinds (FAK) rates for shipments from Sri Lanka, Bangladesh, India and Pakistan to Europe, effective 15 July 2026 until further notice, but not beyond 31 July 2026. For shipments from Sri Lanka and Bangladesh, MSC has set rates of US$2,550 per 20DV and US$2,850 per 40DV/HC from Colombo to Antwerp and Valencia. From Chattogram, the ra
CEVA Logistics moves to expand last-mile network with Paack acquisition CEVA Logistics has signed exclusive agreements to discuss the acquisition of Paack Iberia and Paack France , expanding its last-mile delivery business in Europe. The proposed transaction would strengthen the operations of Colis Privé , CEVA's B2C delivery subsidiary. It would reinforce its position in France and establish a presence in Spain and Portugal. The acquisition supports CEVA's strategy
Adani and MSC deepen partnership in Vizhinjam Port Adani Ports and Special Economic Zone and MSC have entered into a definitive agreement under which Terminal Investment Limited will acquire a 49% interest in Adani Vizhinjam Port Private Limited, the concessionaire for Vizhinjam port, at a total deal value of US$ 2.85 billion. TiL's proportionate investment amounts to US$ 1.397 billion. The transaction, subject to customary and regulatory approva
AD Ports Group and IRH explore bunkering and alternative fuels at Khalifa Port AD Ports Group and IRH Global Trading have signed a memorandum of understanding (MoU) to explore cooperation in bunkering services and alternative marine fuels at Khalifa Port. The partners will assess opportunities to expand marine fuel services and support the maritime energy transition. The proposed collaboration covers conventional bunkering as well as alternative fuels, including liquefied
Valenciaport revenue tops €163 million as investment programme gathers pace Valenciaport increased its revenue by more than 8% in 2025, reaching nearly €163 million. The Port Authority of Valencia (APV) also reported pre-tax profit of more than €43 million, up 47.8% from the previous year. The Board of Directors reviewed the 2025 financial statements during its latest meeting. The Board also approved a €160 million credit facility. The funding will support Valenciaport's
Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg Hanseatic Global Terminals (HGT) plans to acquire a 20% stake in Eurogate Container Terminal Hamburg (CTH). The company has signed a term sheet outlining the main conditions of the deal. The transaction still requires final agreements and regulatory approval. HGT also plans to increase its stake in the TC3 container terminal at the Port of Tangier from 10% to 20% . CTH is one of the largest cont
Ben Gurion Airport cargo down 12.75% YTD as market stabilises in May Air cargo volumes at Ben Gurion International Airport remained below last year's levels during the first five months of 2026, although May showed signs of stabilisation. The airport handled 30,888 tonnes of cargo in May, down 1.6% from 31,391 tonnes in the same month of 2025. Despite the modest monthly decline, cargo volumes for the first five months of the year reached 134,677 tonnes , a 12.75%
Sea-Intelligence: Global Schedule Reliability for May 2026 the Highest of the Year Sea-Intelligence has published issue 178 of the Global Liner Performance (GLP) report , with schedule reliability figures up to and including May 2026. Source: Sea-Intelligence.com, GLP Report, issue 178 Schedule reliability has been improving M/M since March 2026, with the latest increase of 2.5 percentage points taking the May 2026 figure to 64.7%; the highest in 2026. On a Y/Y level, schedule
BuyCo joins DCSA+ to advance digital standards in container shipping BuyCo has joined the Digital Container Shipping Association's (DCSA) DCSA+ partnership programme to support the development of interoperable digital standards for container shipping. The move will strengthen collaboration between technology providers, beneficial cargo owners (BCOs) and ocean carriers. It also aims to improve standards-based connectivity across the industry. BuyCo provides a carri
Explainer: Why Saudi Arabia won't stand down at Yanbu Gulf terminals are reopening, but the Red Sea bypass built for wartime is running at near-peak alongside them and a new toll claim from Tehran and Muscat suggests it may never fully stand down
ClassNK and NMRI launch research on corrosion risks in liquefied CO2 cargo tanks ClassNK and Japan's National Maritime Research Institute (NMRI) have launched a joint research project to evaluate corrosion rates in low-temperature, low-pressure liquefied carbon dioxide (LCO2) cargo tanks . The project aims to improve the safety and economic efficiency of future carbon capture, utilization and storage (CCUS) shipping. As CCUS projects expand worldwide, demand for transporting
Castor adds second modern kamsarmax in a week Nasdaq-listed Castor Maritime has bought another modern kamsarmax bulker, taking its recent spending on the segment to close to $80m. The Petros Panagiotidis-led company has acquired the 2024-built Magic Saturn for $41.9m from an unaffiliated third party. The vessel was delivered to Castor on June 29. The same day, Castor also took delivery of the ...
Vallourec joins contractor line-up on Azule's $5.1bn Angola development French tubing manufacturer Vallourec has been awarded a contract by Azule Energy for the Greater PAJ offshore development project in Angola. Under this contract, Vallourec will supply more than 26,000 tons of seamless carbon steel line pipes, representing approximately 210 km of pipeline, including advanced solutions with heavy thermal insulation coating. Deliveries associated with this ...
KHNP-led group secures preferred bidder role for Korean offshore wind project South Korea's offshore wind push has moved ahead after a consortium led by Korea Hydro & Nuclear Power (KHNP) was picked as the preferred bidder for the 800MW Jeonbuk Southwestern Offshore Wind Expansion Complex Phase 1 project. The award comes after a tender run by Jeonbuk State and puts the KHNP-led group in line to ...
Bureau Veritas agrees sale of fuel testing division to Triton Partners Investment fund Triton Partners has entered into exclusive negotiations to acquire Bureau Veritas' fuel testing and inspection services arm. Triton said that the transaction, based on an enterprise value of €470m ($535.5m), to acquire Bureau Veritas' Oil & Petrochemicals and Coal (BVF) business, is subject to customary regulatory approvals and is expected to close in ...
Skyborn takes full control of German offshore wind farm Skyborn Renewables, a German offshore wind developer of BlackRock's Global Infrastructure Partners, has become the sole owner of the Nordergründe offshore wind farm in Germany. Before the transaction, Skyborn owned a 30% stake in Nordergründe, with the remaining 70% being held by other investors. Commissioned in 2017 and located in the German North Sea, the ...
Trump adds Duke Energy to offshore wind buyout campaign The US Department of the Interior has announced another settlement agreement to terminate an offshore wind lease, this time with North Carolina-based Duke Energy. As part of the settlement agreement, Duke will voluntarily terminate its offshore wind lease in the Carolina Long Bay area, valued at $129m, and reinvest that amount in additional generating capacity, ...
Pan Ocean keeps VLCC push rolling South Korean owner Pan Ocean has moved again in the VLCC newbuilding market, adding two more supertankers to its growing crude tanker pipeline. The Harim Group-controlled company has lined up a fresh pair of VLCC newbuildings, extending a run of crude tanker investments that has quickly reshaped its fleet profile. The latest ships follow Pan ...
Simon Møkster secures new PSV frame deal with Aker BP Norwegian shipowner Simon Møkster Shipping has signed a new frame agreement with oil and gas player Aker BP for continued PSV services. Under the new agreement, Aker BP will charter vessels from the Simon Møkster fleet to meet its requirements. The frame agreement has a duration of four years plus two two-year options. In addition ...
Nissen Kaiun closes in on double-digit bulker sell-off Nissen Kaiun is two ships short of reaching double-digit vessel sales in just six months, according to sales registers, as the Japanese powerhouse cashes in on young, locally built bulkers and tankers. For the second time in a matter of weeks, the company has sold modern eco tonnage, the kind of ships buyers are currently ...
MSC pays $1.4bn for 49% stake in Adani's Vizhinjam port Mediterranean Shipping Company (MSC) is deepening its bet on India's fast-growing container market, with its terminal arm Terminal Investment Limited (TiL) agreeing to acquire a 49% stake in Adani Ports' Vizhinjam transhipment terminal in a deal valued at $1.4bn. The transaction values the Kerala port at approximately $2.85bn and is being billed by the partners ...
SBM Offshore places new FPSO hull order with Chinese yard Dutch floater expert SBM Offshore has signed a contract for the construction of the seventh Fast4Ward hull with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading, both subsidiaries of China State Shipbuilding Corporation (CSSC). The multi-purpose floater hull, designated MPF7, features SBM Offshore's Fast4Ward proprietary generic standard hull design. A standard hull design fo
Eidesvik lands long-term Aker BP PSV deal Norwegian offshore vessel owner Eidesvik Offshore has signed a new platform supply vessel frame agreement with Aker BP and secured fresh long-term work for the Viking Prince. The new frame agreement runs for four years and includes options for two further two-year extensions. The deal continues the partnership between Eidesvik and Aker BP, first established ...
Skov to step down as Hafnia chief executive Product tanker giant Hafnia has announced a planned leadership change, with Mikael Skov set to step down as chief executive officer on September 1, 2026. The Oslo- and New York-listed company has appointed Søren Steenberg Jensen, executive vice president and head of asset management, as its next chief executive officer. Skov is expected to join ...
Hapag-Lloyd strengthens terminal network with Hamburg and Tangier Med deals Hapag-Lloyd's terminal arm, Hanseatic Global Terminals (HGT), is deepening its investment in strategic gateway infrastructure, agreeing to acquire a 20% stake in Eurogate Container Terminal Hamburg (CTH) while doubling its holding in Morocco's TC3 terminal at Tangier Med from 10% to 20%. The transactions remain subject to regulatory approvals. The Hamburg deal gives Hapag-Lloyd a ...
Machine guns spotted on Russian LNG carrier in the Baltic Russia has armed a civilian gas tanker with heavy machine guns in the Baltic Sea, in what appears to be an unprecedented militarisation of a merchant vessel operating on a regular commercial route, according to an investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and several European media partners. Surveillance photographs taken by ...
Maersk goes from red to black A.P. Moller-Maersk's latest earnings upgrade is more than just a dramatic reversal for the world's second-largest containerline. It has become the clearest indication yet that 2026 is shaping up to be another highly profitable year for the liner shipping industry. Only months ago, the Danish shipping giant warned investors it could post an underlying EBIT ...
Enclosed space deaths won't end with more paperwork Enclosed space procedures have existed for decades, yet lives continue to be lost. It's time to shift the focus from compliance alone to engineering solutions that prevent fatal mistakes before they happen, writes Pradeep Chawla from MarinePALS. There are some risks in shipping that no one can claim to misunderstand. Enclosed space entry is one ...
Shipping sustains pragmatic approach to Hormuz transits amid political uncertainty Hormuz traffic surges as US-Iran talks are set to resume, but a long-term plan is still elusive and shipping is...
Maersk lifts profit forecast on robust Asia trades and surging freight rates Maersk now expects underlying ebitda of $8bn to $10bn, up from $4.5bn to $7bn, reflecting an improved outlook for the...
No Honolulu wiggle room in Saleform 2012 deadlines, High Court rules Days don't last 38 hours because it's not yet midnight in Hawaii
Dormant South Korean yard set to build first vessels in nine years after $502m acquisition South Korean shipyard expands production capacity as the newbuilding market is expected to maintain its upward trend
Middle East port update: Tuesday, June 30 Unauthorised shutdown or tampering of a ship's Automatic Identification System will be subject to legal action, said Iraqi High Maritime Authority
Wallenius Wilhelmsen-controlled vehicle carrier exits Strait of Hormuz after 120-day ordeal Eight PCTCs remain idle inside the MEG with a combined capacity of about 40,800 ceu, with all remaining ships controlled...
MEG crude exports hang in the balance despite June recovery amid ceasefire uncertainty A fragile ceasefire is likely to keep exports below pre-conflict levels as shipping continues to contend with the heightened risk...
The Daily View: Evolution of production
'Highly volatile' capesize market continues June slide After six months of steady gains, the capesize market slipped in June, raising concerns that further declines may follow
Hormuz crisis resuscitates scrubber premium; newbuild scrubber fittings on the rise Fuel cost savings from scrubbers have fluctuated and geopolitical disruptions have been a significant variable. The Hormuz crisis is benefiting...
Daily Briefing Ukraine signals shadow fleet ships could be military targets as vessel attacks escalate | Shipping risks mount despite US-Iran agreement...
Brownsville's ship channels now deepest along US Gulf Coast The Brownsville Navigation District unveiled its deeper ship channels last week as the South Texas port aims to be ready for heavier liquid and bulk commodity ships.
MSC boosts Indian port play with $1.4 billion terminal deal with Adani The carrier's acquisition of a 49% stake in the Vizhinjam transshipment hub is said to be the single-largest foreign direct investment into the Indian port sector to date.
CMA CGM inks $400 million terminal deal at Omani Port of Sohar The port has played a key role during the Middle East war with its location just south of the Strait of Hormuz providing the Persian Gulf with a multimodal gateway to global markets while the strait has been effectively closed.
US accuses Mexican drug cartel of employing 'shadow fleet' of vessels to smuggle fuel Treasury Department issues sanctions against two Mexican nationals for involvement in scheme
Key provisions of Ships for America bill fail to advance to House floor Minor elements of maritime revitalisation bill make it into proposed National Defense Authorization Act
MPC Container Ships plots private placement to fund growth Oslo-listed owner has just sourced its biggest boxships yet from XT Shipping and X-Press Feeders
BP's long-standing shipping head Carol Howle retires at 54 Energy major appoints replacement with 30-year career in its ranks
Castor Maritime pounces on second kamsarmax in a week Cash-rich Cypriot owner bolstering fleet with another secondhand deal
Odfjell has no plans to send more ships into Gulf as last trapped tanker exits Strait of Hormuz Norwegian chemical tanker owner has no immediate plans to send owned ships back through the Strait of Hormuz after latest flare-up
Leonhardt & Blumberg tipped to bank profit on sale of oldest tanker German owner tempted by strong price on offer for vessel
Tanker S&P market takes a breather as dealmakers wait on Strait of Hormuz updates Smaller tankers change hands, but buyers want to be sure of Middle East peace first
Maersk hikes profit forecast by more than $3bn Outlook for Ebit flips from red to black
Mercuria banks $3.84bn finance package in volatile commodity markets Revolving facilities show banks' confidence in trader and shipowner's operations, it says
Any large ship calling at a UK port set to fall into new emissions trading scheme UK scheme kicks in for any vessel over 5,000 gt
New Strait of Hormuz VLCC shuttle service set up in throwback to tanker wars BRS Shipbrokers flags 'modified logistics plan' that could spread across the Middle East
MSC ramps up Hengli orderbook and deepens India bet with $1.4bn port deal Liner giant reported to be in negotiations with Hengli for a further 20 big ships
Danish bunker and tanker giant back on track after two tough years Ostergaard family-owned group has put one-off losses behind it
Shell says LNG carrier availability has helped cushion Middle East disruption Energy major forecasting almost 120 LNG newbuilding deliveries in 2026
Captain of shadow fleet tanker seized in the Mediterranean released by France But prosecutor orders immobilisation of the Deliver in false-flag case
Shell: LNG riding out 'system-wide shock' from Middle East war Major forecasts 2026 trade similar to last year, but only if shipments resume through Hormuz this summer
Brand-new DHT VLCC heading back to yard for 'design upgrade' US-listed owner says second vessel due in July will also undergo 'proactive' work
'The next few years will be very strong': Alexander Hansson boosts NAT holding Nordic American Tankers vice chair has been consistently building his stake in suezmax owner
Bureau Veritas selling $540m fuel-testing business to European investor Exclusive talks being carried out with Triton Partners
New Hafnia chief follows familiar path to top after three decades in shipping Former tanker broker started at Maersk and followed Mikael Skov from Torm to Hafnia
Maersk shares rise after profit guidance upgrade Analysts see estimate revisions for container liner giant
HMM tied to $237m gas carrier order at Hyundai yard Dual-fuel newbuildings will cost about $118m each
Mozambique LNG newbuilding delivery dates shunted back But will yards come under pressure from others seeking 2029 berths?
New ABG shipping analyst prefers bulker stocks Oliver Dunvold named lead analyst as Petter Haugen exits
Hafnia boss Mikael Skov hands over the reins after 16 years Planned succession will see head of asset management Soren Steenberg Jensen take over in September
New ABG new shipping analyst prefers bulker stocks Oliver Dunvold named lead analyst as Petter Haugen exits
Machine guns spotted on Russian LNG carrier for first time Photos show weapons on board Gazprom-controlled FSRU as possible boarding deterrent
Niche player Karpowership orders four floating power barges at HSG Sungdong Istanbul-based pioneer launches new class of electricity-generating vessels
Venture Global LNG secures $1.5bn vessel financing facility Loan will be used to pay for LNG carrier fleet
Working hours and wages top list of seafarer complaints, Australian report finds Although overall volume of complaints has declined, some areas remain a serious concern
Pan Ocean fuels fleet growth with two more VLCC newbuildings Hanwha Ocean tipped as the builder behind the ammonia-ready tankers
Container Shipping: Why Rates are Skyrocketing (It's NOT Demand) Summary View Transcript Container spot rates from China to the US West Coast have surged over 300% from March to June. FreightWaves' Craig Fuller breaks down why this isn't a demand-driven surge, but a reflection of concentrated power among international ocean carriers. Discover how foreign-owned shipping lines operate as a cartel, manipulating capacity and impacting US businesses. Plus, get insi
Road to Sweden: Unpacking Volvo Trucks' Global Service Competition Summary View Transcript Bruckner's Truck & Equipment from Dallas, TX, is headed to Sweden for the Volvo VISTA World Championship. Learn what this global service competition entails, from mastering European Volvo trucks to troubleshooting complex technical issues under pressure. Team lead Deyan Draganov shares insights into the rigorous training and unique challenges they face. A technician at Bru
C.H. Robinson Cleared in Florida 'U-Turn' Lawsuit | Broker Liability Test Summary View Transcript C.H. Robinson has been dismissed from a high-profile Florida 'U-turn' lawsuit, a significant development in the ongoing debate around broker liability. Despite being named a defendant, the broker proved it had no connection to the tragic incident. This case highlights how plaintiff attorneys sometimes target 'deep-pocketed' companies without sufficient evidence, impacting
Freight Markets Explode: Will Spot Rates Continue Record Surge? Summary View Transcript The freight market is officially in its 'Super Bowl' moment as spot rates surge and demand spikes. Ahead of the July 4th holiday, freight volumes are stacking up, leading to unprecedented volatility. We break down the dynamics, why contract rates are lagging, and what shippers can expect for the second half of 2026. Summary unavailable. The post appeared first on FreightW
AI & Logistics: Will a 'Job Apocalypse' Hit the Supply Chain? Summary View Transcript Trimble's Chief Platform Officer, Jonah McIntire, unpacks the real impact of AI on logistics, addressing the buzz around a potential "job apocalypse" in the supply chain. He explains how AI is changing software development and M&A integration, and why it's not just about flashy new tech, but about unlocking deeper value in legacy systems and data. Discover how this shift w
Retail diesel falling while futures soaring relative to crude Retail diesel prices are continuing their steep fall against a background of analysts who are mostly trying to tell everybody the decline should not be assumed as the end of a war-driven era of higher prices. The Department of Energy/Energy Information Administration average retail diesel price fell for the eighth consecutive week, declining 16.4 cents/gallon to $4.668/g, published Tuesday, effec
Outgoing ZIM CEO: New leader to build on strong foundation There's a change of leadership at Israel's flag carrier. Chen Lichtenstein as of July 1 officially succeeds Eki Glickman at Zim Integrated Shipping Services. Lichtenstein was appointed by Zim's board June 1. Glickman resigned in April following a failed attempt to acquire the company, which was taken over by Germany's Hapag-Lloyd in February for $4.2 billion. Eli Glickman Terms of the controversi
Wartime economy: Maersk lifts full-year guidance on strong demand Big Blue is forecasting a big finish in 2026. And it has the unsettled Middle East in part to thank. Maersk revised its financial guidance sharply upwards as peak season demand swells out of Asia and spot market rates continue to climb. "Continued strong demand in the container market, particularly in the Far East, and a recent sustained increase in spot market rates means that A.P. Moller-Maersk
Three Trucks Hit CSX Trains in Metro Atlanta in Under a Week. Every One of Them Is a Lesson in the Crossing Mistake That Kills Drivers In the span of five days, three tractor-trailers were struck by CSX freight trains in metro Atlanta. The trucks were destroyed. Fires broke out in each case. By something close to luck, no one was killed. That cluster is worth every owner-operator's attention, not because Atlanta is uniquely dangerous, but because the same scenario repeated three times in one week, and it is the scenario that end
Operation Safe Driver Week Hits July 12. The Ticket You Get That Week Follows You Long After the Week Is Over From July 12 to July 18, 2026, the Commercial Vehicle Safety Alliance runs Operation Safe Driver Week across the United States, Canada, and Mexico, and for those seven days the number of officers watching for unsafe driving goes up sharply. CVSA announced the dates and the focus on April 30. The official area of emphasis for 2026 is reckless, careless, or dangerous driving, the third consecutive
C.H. Robinson out of Florida 'U-turn' lawsuit C.H. Robinson has been dismissed as a defendant in a Florida case that might have been one of the first tests of broker liability in a legal arena changed by Montgomery vs. Caribe Transport II . A court document filed Friday afternoon in the 19th Circuit Court for St. Lucie County, in the widely-publicized case involving driver Harjinder Singh and his fatal u-turn behind the wheel, removed C.H. R
Prologis presses Segro after $16.6B offer rejected Prologis has intensified its pursuit of Segro after the London-based logistics warehouse operator rejected a £12.6 billion ($16.6 billion) takeover bid last week. Prologis further outlined its financial and strategic thesis for the combination on Tuesday. The San Francisco-based real estate investment trust said the all-stock transaction would unlock significant value for Segro ( LSE.SGRO ) share
Atlas Air, ABX seek permission for Venezuela cargo flights Atlas Air and ABX Air have requested temporary authority to operate cargo flights between the United States and Venezuela, marking another step to restoring commercial air service between the countries after seven years. Atlas Air asked the U.S. Department of Transportation for an exemption to the U.S.-Venezuela Air Transport Agreement that would allow it to begin flying to Caracas on Aug. 1, acc
Containers lost at sea nearly tripled in 2025 A shipper has a better chance of catching a home run ball at a major league baseball game than losing a container to the open ocean, a new study finds. An estimated 1,478 containers were lost at sea in 2025 out of approximately 280 million transported globally, the World Shipping Council said in an annual report. The number was up by 576 containers lost in 2024 and above the recent three-year ave
How Numeo AI Is Building the Trust Infrastructure Freight Brokers Need Freight brokers operate on trust. The entire business model depends on knowing that the carrier assigned to a load is who they say they are, that the truck is moving, and that the freight will arrive intact and on time. Given that fraud has become a persistent threat and carrier verification remains a largely manual, reactive process, that trust is increasingly hard to earn, but still easy to los
US law agencies expand crackdown on commercial vehicle violators Law enforcement agencies in Texas, Arizona and California have recently increased enforcement efforts targeting commercial vehicles, with operations focusing on vehicle safety, hours-of-service compliance and immigration enforcement. The enforcement actions come as state agencies continue placing greater emphasis on commercial vehicle inspections amid concerns about unsafe equipment, unqualified
Why the Best LTL Carriers Are Built, Not Bought In an industry where shippers increasingly treat carriers as interchangeable line items on a rate sheet, the LTL operators pulling ahead are the ones who've figured out that price is only one variable in a much larger equation. The real differentiator is execution, which should be consistent, measurable, and repeatable across every touchpoint in the freight lifecycle. Old Dominion Freight Line ha
Saia REV: Rapid, Expanded and Visible This month, Saia launched REV, a company-wide initiative designed to advance freight performance through faster transit times, enhanced service capabilities, and greater shipment visibility. REV, which stands for Rapid, Expanded and Visible, brings together a series of strategic investments across the Saia network focused on three core areas: Rapid: Faster transit times and enhanced guaranteed de
BetterFleet proves electric fleets don't need a full tank The freight industry spent decades perfecting the art and operational science of diesel fueling. Routes were mapped, fuel stops were timed, and fuel desks tracked regional pump prices to shave fractions of a cent per gallon. It was simple because the physics were simple: fill the tank, go. Electric fleets don't get that simplicity. Charging windows, demand charges, time-of-use pricing, battery de
Montana man sentenced in $182K equipment theft A federal judge sentenced a Montana man on June 23 to 41 months in prison for transporting stolen construction equipment across state lines. Acting U.S. Attorney Mark Steger Smith announced the sentence. Eric Brandon Wright, 43, of Lakeside, Montana, also received three years of supervised release. Wright pleaded guilty in January 2026 to one count of interstate transportation of stolen property.
How myMechanic is digitizing fleet roadside repairs When a truck blows a tire on I-40 at 2 a.m., the clock starts running. Fleets lose $450 to $750 per day on a downed truck before late fees and missed loads pile on. The average roadside breakdown takes four to 4.5 hours to resolve. This isn't because mechanics are scarce, but because the coordination system is disjointed and broken. "Think about it from the perspective of a fleet," said Alex Bezz
New rail park aims to make Laredo more than a trucking gateway Developers behind the newly approved Laredo Gateway Industrial Railway in South Texas say the project is designed to expand freight movement at the nation's busiest U.S.-Mexico trade gateway by giving shippers a new option to move cargo between trucks and rail without leaving the region. Following authorization from the U.S. Surface Transportation Board , Kraus Development and Ironhorse Resources
U.S. Bank Freight Payment Index shows spot rates surging 31% Freight volumes are behaving one way while freight costs are another according to the most recent U.S. Bank Freight Payment Index Rates Edition. The Index, a quarterly collaboration between U.S. Bank and DAT Freight & Analytics, puts numbers to that gap. Its latest edition shows the truck freight market is repricing from the supply side: capacity tightening and a shrinking contract-to-spot buffer
As Brokers Go bankrupt Transportation Collections Has Become About More Than Just Getting Paid When most people think about transportation collections, they picture an agency making phone calls to recover overdue freight invoices. While recovering unpaid invoices remains the foundation of the business, today's transportation collections industry has evolved into something much larger. Fraud, broker failures, double brokering, compliance issues and increasingly complex legal disputes have t
DeSantis KOs bill to allow CDL training of some Florida inmates Florida Governor Ron DeSantis has vetoed a bill that would have allowed CDL training for a narrow segment of state prisoners. The bill passed both houses of the Florida legislature with no opposition. A copy of DeSantis' veto letter was not immediately available. But Florida news sources that did obtain the letter said in explaining the veto, DeSantis said the program would be "unnecessarily burd
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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