Seven states file suit challenging "pay-not-to-play" deal to cancel offshore wind lease New York Attorney General Letitia James and Gov. Kathy Hochul announced yesterday that New York State is leading a coalition of six other northeast state attorneys general in suing the Trump administration
Listen Up! Podcast explores crew spaces, vessel branding and the modern mariner experience What do vessel interiors, crew accommodations and exterior branding say about an operator-and the people who work on board? In the latest episode of Marine Log's Listen Up! podcast, Jayne Russell, founder
GIT Coatings launches new next-gen XGIT-Vortex propeller coating system Dartmouth, Nova Scotia-based GIT Coatings has launched XGIT-Vortex, its next-generation graphene-based propeller coating system. This next evolution of GIT Coatings' graphene-based propeller coating technology is designed to help shipowners move beyond propeller
Op-Ed: Let's focus on the fact that shipping companies are greener than their reputation If you only follow the headlines in the media, you could easily get the impression that the green transition of shipping has stalled. Fortunately, this is not the case. Admittedly, the negotiations
Diversified Marine delivers M/V Tarps to Eckstein Trade & Transport Diversified Marine of Holland, Mich., has delivered the tug M/V Tarps to Eckstein Trade & Transport (ET&T), marking a milestone for the woman-owned marine transportation services company as it continues to expand
Windward names retired Navy Vice Adm. Robert "Bob" Sharp its CMIO Maritime AI specialist Windward has named VADM Robert "Bob" Sharp, USN (Ret.) its chief maritime intelligence officer (CMIO). Sharp comes to the position with decades of experience at the highest levels of
Mike Hooks books $17.8M Corpus Christi dredging contract Westlake, La.-based dredging contractor Mike Hooks LLC, has been awarded a $17,868,250 firm-fixed-price contract for pipeline dredging of the Corpus Christi Ship Channel. The total cumulative face value of the contract is
AD Ports Group enters Latin America with acquisition of Brazil's CLI AD Ports Group has acquired Corredor Logística e Infraestrutura, Brazil's leading independent agri-bulk port terminal operator, in a transaction valued at US$ 835 million. The acquisition marks AD Ports Group's first entry into Latin America and represents a transformative step in the group's international expansion strategy, with CLI's existing senior management team remaining in place following
StormGeo and OceanScore formalise emissions compliance cooperation StormGeo and OceanScore have signed a collaboration agreement at Posidonia 2026 in Athens, deepening an existing relationship by formally combining their complementary capabilities in vessel emissions data and regulatory compliance management. The agreement was signed on June 2 at the StormGeo booth during the biennial maritime exhibition. The partnership brings together StormGeo's expertise in o
Hapag-Lloyd and Seaspan complete first methanol retrofit Hapag-Lloyd and Seaspan Corporation have completed the first vessel conversion under their joint methanol retrofit programme, delivering the Seaspan Yangtze with its main engine upgraded from a conventional MAN S90 to a dual-fuel unit capable of operating on methanol. The conversion marks the first milestone in a five-vessel programme also covering the Seaspan Amazon, Seaspan Ganges, Seaspan Tham
Cargo-partner expands european road transport network Cargo-partner, a member of the Nippon Express Group, has announced a significant expansion of its road transport services across Europe, with a strategic focus on trade corridors connecting Slovakia, the Czech Republic and Poland with Italy, Türkiye, the United Kingdom and Ireland. The expansion responds to growing freight demand and increasing interest in nearshoring as European businesses recon
Freightos Weekly Update: Container rates starting to spike on peak season rush Approaching 100 days since the start of the Iran war, despite periodic reports that an agreement that would open the Strait of Hormuz is near, the sides continue to exchange fire and sanctions, and the waterway remains closed. For the container market, the closure has primarily meant upward pressure on freight rates via carriers passing on war-elevated fuel costs, which manifested in different wa
AD Ports acquires Brazil's CLI in record US$835 million deal AD Ports Group has agreed to acquire Brazil-based agri-bulk terminal operator CLI in a transaction valued at AED3.1 billion (US$835 million), marking the company's largest acquisition to date and its first major entry into the South American market. The deal gives AD Ports Group ownership of one of Brazil's largest independent agri-bulk terminal platforms and strengthens its position in the globa
The fourth skills revolution at sea Has shipping ever asked more of its seafarers? The latest from our brand new shipmanagement magazine being distributed across Athens this week. From alternative fuels and AI-assisted systems to cyber risk and emissions reporting, today's seafarers are being asked to master an unprecedented breadth of new competencies - all at the same time. Industry leaders ...
Greek fleet builder Venergy doubles down on tankers with fresh Chinese suezmax order Rapidly expanding Greek owner Venergy Maritime is stepping up its move into crude tankers, lining up up to four suezmax newbuildings at China's Hengli Shipbuilding as its fleet expansion gathers pace. The Piraeus-based company, led by Vyron Vasileiadis, has signed firm contracts for two 158,000 dwt suezmaxes at the Dalian yard, while securing options for ...
COSCO inks $953m LNG carrier order COSCO Shipping Energy has moved to expand its LNG shipping footprint, ordering four newbuildings at Jiangnan Shipyard in a deal worth around $953m. The publicly listed energy shipping arm of China's state-owned COSCO Shipping Group said its indirectly owned subsidiary, Future Ocean LNG Investment, signed the contract with Jiangnan for the 175,000 cu m units, ...
Kpler secures $1bn-plus investment Trade intelligence and maritime analytics provider Kpler has secured a strategic growth investment of more than $1bn from global investment firm Sixth Street. The Brussels-headquartered company said the minority equity investment will support expansion into adjacent markets, accelerate product development and strengthen its position as a leading provider of physical trade intelligence. Under the
K Line and MISC win another LCO2 carrier charter from Northern Lights Japan's Kawasaki Kisen Kaisha (K Line) and Malaysia-based MISC have secured a time charter contract from the Northern Lights joint venture for a newly built 12,000 cu m LCO2 carrier The contract follows the time charter contract signed on January 29, 2026, for a 12,000 cu m LCO2 carrier. The two newly built vessels will be engaged in cross-border ...
Icon Energy converts index-linked panamax charter to fixed-rate deal Nasdaq-listed Greek bulker owner Icon Energy has switched another one of its vessels from index-linked to a fixed-rate charter. The 2006 Japanese-built 77,326 dwt panamax bulker Alfa is time-chartered to what the company describes as an international commodity trading conglomerate for an indefinite period. The deal can expire upon a three-month notice by either party, ...
Jinhui orders pair of dry bulk newbuilds in China Oslo-listed dry bulk owner Jinhui Shipping and Transportation has announced that it ordered two new vessels from China-based Jiangmen Nanyang Ship Engineering. The orders, put in place by Jinhui's two subsidiaries, are worth $34.15m each (approximately HKD 266.37m). According to the company, the total contract price for both vessels is $68.3m (approximately HKD 532.74m). Both ...
US fires Hellfire into engine room of VLCC heading for Kharg Island A fragile ceasefire between Washington and Tehran came close to breaking point on Wednesday after the US Navy fired a Hellfire missile into the engine room of a crude tanker sailing toward Iran's Kharg Island, triggering retaliatory missile and drone strikes across the Persian Gulf. US Central Command said forces disabled the falsely flagged VLCC ...
Genco and Diana remain deadlocked after latest bid rejection The long-running takeover battle between dry bulk rivals Genco Shipping & Trading and Diana Shipping has entered a new phase after Genco's board unanimously rejected Diana's latest $24.80-per-share cash offer, prompting an immediate counterattack from its Greek suitor. The rejection marks the third time Genco has turned down Diana's advances since the campaign began late ...
'Sooner or later the party will finish': Owners weigh risks behind today's strong markets Leading shipowners and investors gathered at the TradeWinds Shipowners Forum during Posidonia with a clear message: resilience, balance-sheet strength and disciplined investment decisions matter more than ever. The panel, featuring executives from Mitsui OSK Lines (MOL), Safe Bulkers, the Vafias Group and JP Morgan Asset Management, painted a picture of an industry benefiting financially from ...
Marinakis: Shipping would be better off paying a Hormuz fee One of the shipping industry's most outspoken figures has suggested owners would have been better off paying a transit fee to keep the Strait of Hormuz open rather than enduring months of disruption from the closure that followed the conflict involving Iran, Israel and the US. Speaking at the TradeWinds Shipowners Forum during Posidonia, Capital ...
Shipowners urged to stay nimble as geopolitics reshapes global shipping Shipping leaders gathering at the TradeWinds Shipowners Forum during Posidonia painted a picture of an industry increasingly shaped by geopolitics, with conflicts, sanctions, trade disputes and security threats now influencing everything from trade flows and fleet deployment to financing decisions and asset values. One of the strongest messages from the panel was that geopolitics is ...
Stranded ships start to move as quiet US overwatch spurs Hormuz exits Dozens of stranded vessels have begun slipping out of the Middle East Gulf in a steady new wave of Hormuz...
Hormuz/Baltimore double whammy puts 'extreme stress' on marine reinsurance Increased pricing likely to be reflected in higher premiums for shipowners by end of year
Classing an ageing fleet: drones, AI and the shadow fleet threat Recycling remains at historically low levels, and older tonnage keeps on earning, which is putting greater demand on classification societies
Neptune orders two more PCTCs in China Greek owner takes series of dual-fuel 4,200 ceu vessels from Fujian Mawei Shipyard to at least six, with new options...
Middle East port update: Wednesday, June 3 Vessels calling at all Oman ports must submit an official letter stating that they are not carrying any dangerous goods...
Panama reflagging explodes as China detentions hit new highs The mass exodus from Panama's registry has been visible since mid-April, about a month after China began stepping up inspections...
Mays Brown set to triple lawyer headcount after Gallagher Bassett deal Boutique firm expects to recruit well-known individuals, says founding partner
UAE to auction seized tankers at centre of identity theft scam Tankers linked to a growing vessel identity theft network now involving nearly 30 fabricated or hijacked identities are set to...
The Daily View: Why NZF may be tough to kill
Maritime AI gains momentum, but digital foundations remain unstable Artificial intelligence is beginning to deliver real operational value in shipping, but only for companies that have already laid the...
EU regulations splitting the LNG fleet into two, says WoodMac The combined EU ETS and FuelEU Maritime regulations could spell doom for ships with the wrong gas engine type, according...
US strikes vessel, Qeshm Island and sanctions Iranian crypto exchanges amid shaky ceasefire Tensions rise as attacks continue despite an ongoing ceasefire between the US and Iran. Shipping eagerly awaits a resolution to...
V.Group to build 'eco' vessels in Greece 'Strategic' pact with Onex Shipyards comes as Vyron Vasileiadis-led group continues to rack up tanker and boxship orders in Asia
Eastern Pacific joins Champion Tankers to launch product tanker pool New venture strengthens both firms' presence in the product and chemical tanker markets
Daily Briefing Sinokor's buying spree pulls three former shadow fleet tankers into the light | Liberia tweaks its tax-free IMO plan as...
MSC brings back trans-Pacific express service due to rate surge The ocean carrier halted the Pearl service about a year ago due to weak market fundamentals, but said current demand merits its return.
Western Canadian import gains demonstrate recovery, not dominance: analyst Vancouver and Prince Rupert are in the midst of a long-term recovery from severe disruptions that occurred in 2023 and 2024, indicating not superiority but rather another step in regaining what had previously been the region's normal role, writes Larry Gross.
LTL shipments get heavier as US manufacturing gains steam Stock building by manufacturers is contributing to higher shipment weights at large LTL carriers, as is the transfer of freight from truckload carriers.
USTR proposes sweeping forced labor tariffs on virtually all US trading partners The move would levy tariffs of 10% to 12.5% on 60 economies for allegedly failing to impose forced labor restrictions that the US Trade Representative claims has disadvantaged US workers.
Sanctioned VLCC loads first cargo at Iran's Kharg Island in a month Tanker expected to serve as floating storage as blockade continue
Liner giants impose new rate rises as container freight climb rolls on CMA CGM and Hapag-Lloyd announce rate rises and peak season surcharges
Are you talking to the Americans? Bulkers getting US help in exiting Hormuz But US-assisted exits from the Gulf are sensitive and confidential, and shipping companies fear Iranian retaliation
St Petersburg oil terminal on fire after Ukrainian drone strike President Volodymyr Zelenskyy describes attack on Russian port as 'long-range sanctions'
Anglo International owners eye exit door as bulker fleet sale begins Darren Maupin and Anthony Mallin's investment in private UK company is nearing the end of its 10-year cycle
Europe and Africa soak up container capacity as US and Middle East trades slide Impact of Gulf crisis and US tariffs on container trade is hitting home
Cosco Shipping eyes multibillion-dollar newbuilding order spree The shipping company has reserved berths at several shipyards
AD Ports splashes $835m on its biggest terminal takeover Abu Dhabi ports operator and shipowner gains foothold in Brazil
New trades set to emerge for LNG cargoes, Morgan Stanley says China one to watch as potential reseller of shipments and regional supplier
CMM in talks to finance six new ethanol newbuildings in $1.5bn Petrobras deal Dutch-Brazilian owner progressing with funding discussions backed by Brazilian state
Thailand and Cambodia spar over maritime boundaries with oil and gas bonanza at stake Both countries stake claim on more than $300bn worth of oil and gas reserves in the Gulf of Thailand
Fearnley opens Athens office as it celebrates highest annual revenue ever Norwegian firm marked Posidonia by opening a new Greek base
Master turned off bridge alert system before fatal collision China calls for improvement to electronic alarms after deliberate disabling of crucial safety feature
Cosco Shipping eyes multi-billion dollar newbuilding order spree The shipping company has reserved berths at several shipyards
Secretary of state wants sanctions back on Russian oil as US drives record regional exports Marco Rubio says US policy remains to sanction Russian oil despite back-to-back 30-day waivers
CMN eyes newbuilding order after signing rocket transport deal Agreement with Avio will see initial trip from Italy to French Guiana undertaken by the veteran MN Colibri
US attack on Iranian VLCC triggers tit-for-tat strikes on ship and Gulf bases Tehran claims to have targeted second Western vessel in 24 hours, as ceasefire threatens to unravel
Seaspan and Hapag-Lloyd complete first methanol container ship conversion Seaspan Yangtze is of five container ships to be converted in $120m project
Wah Kwong linked to newbuilding tanker charter as LR term rates weaken Greece's NGM Energy also said to have fixed out clean carrier
Norwegian credit fund buys Elcano bonds as it bets on shipping Borea Hoyrente also holds bond from SFL, Navios and Ocean Yield
CMN eyes newbuilding order after signing long-term rocket transport deal Agreement with Avio will see initial trip from Italy to French Guiana undertaken by the veteran MN Colibri
Chinese owner EGPN expands fleet with product tankers and ultramax bulker orders Chengxi Shipyard and New Dayang have been contracted to construct the newbuildings
Posidonia in pictures: Shipping celebrates at vibrant and varied parties Biennial shipping gathering in Greece serves up a memorable week of events
Seacon Shipping teams up with CM Energy Tech to order LNG bunker vessels China Merchants Heavy Industry Jiangsu Haimen has been contracted to build one firm 20,000-cbm ship, with an option for another vessel
UAE plots new multi-fuel pipeline to bypass Strait of Hormuz Restrictions in key waterway spurring Gulf producers to come up with contingency plans
Cosco Shipping orders four LNG carriers at Jiangnan in near-billion-dollar deal Chinese giant shipowner is said to have ordered the vessels against long-term charters to Shell
AD Ports splashes $835m on its biggest ever terminal takeover Abu Dhabi ports operator and shipowner gains foothold in Brazil
K Line LNG carrier delayed by strike at Australian gas terminal Loading held up at Ichthys plant in wage dispute
Jinhui expands ultramax newbuilding programme with $68m Chinese order Owner takes orderbook to eight vessels
MISC and K Line team up for second Northern Lights CO2 carrier Joint venture ups its specialised chartered fleet to eight vessel as it prepares for cross-border CO2 shipping
BW LPG exits gas infrastructure investment in India Transaction has no impact on profit or total equity, says company
Share price surge puts Heidmar back in Nasdaq's good books Manager and pools company regains compliance with listing requirements in New York
MSC and Singapore's MPA team up on green fuels and new routes The world's largest container shipping line also commits to nurturing the next generation of maritime talent in Singapore
Jinhui expands ultramax newbuilding programme with Chinese order The company has ordered two 64,500-dwt vessels from Jiangmen Nanyang Ship Engineering
Eastern Pacific teams up with Champion Tankers to launch new product tanker pool The tanker pool will start with eight IMO II vessels
Diana accuses Genco of 'moving the goalposts' on ship valuations after bid rejection Greek owner says VesselsValue assessments have been dropped to boost net asset value calculations
US targets 60 economies with new tariff threat over 'forced labour' Proposed duties could affect trade flows across most major US partners
Marinakis voices VLCC confidence and applauds 'brilliant' Sinokor-Aponte strike Greek owner explains his constructive view of big tankers as he runs the rule over new player's power move
Vasileiadis newbuilding tally nears $2bn with new suezmax and feeder deals Greece's fastest-growing owner expands shipbuilding roster with Hengli
MSC and MPA Singapore to explore new routes and services The aim is to strengthen connectivity, build tech to increase vessel efficiency
US attack on Iranian VLCC triggers tit-for-tat strikes on ship and Gulf bases Iranian Navy claims targeting second western vessel in 24 hours, as US-Iran ceasefire threatens to unravel
Yards see rise in LR2 tanker orders by little-known Chinese companies Six shipyards in China are joining the league in building the ship type
World Shipping Council joins calls from across supply chain for passage of US theft bill Signatories say retail and cargo theft requires a federal solution
XPO's Q2 tonnage trending ahead of guidance Less-than-truckload carrier XPO's May update appears to put the company on course to outperform its prior tonnage outlook. XPO's ( NYSE: XPO ) tonnage per day was 0.5% higher year over year in May, as a 3.3% increase in daily shipments was partially offset by a 2.7% decline in weight per shipment. The company has been actively pursuing local shippers (SMBs), which tend to have lower shipment weig
Amazon scores big win at NLRB over whether it's a joint employer with DSPs A process moving through the National Labor Relations Board that could have found Amazon a joint employer with its Direct Service Providers (DSPs), the independently-owned companies that deliver parcels for Amazon, appears to have ended with a huge victory for the online retailer. Late last month, G. Rebekah Ramirez, an NLRB administrative law judge, approved an agreement between the NLRB General
Apollo affiliate raises $1.4B for logistics real estate fund Bridge Investment Group announced Tuesday it raised nearly $1.4 billion for a fund that will acquire logistics properties. The raise exceeded the firm's $1 billion target. The Salt Lake City-based affiliate of alternative investment manager Apollo ( NYSE: APO ) said the Bridge Logistics Value Fund II is focused on buying and relocating real estate in supply-constrained U.S. markets and global gat
2 e-commerce logistics providers expand capacity in Great Plains Rush Order and Encore Fulfillment, third-party logistics providers specializing in e-commerce fulfillment, have expanded their footprint with new warehouses in the center of the United States. Rush Order announced on LinkedIn that it will open its fourth U.S. fulfillment center in the Dallas-Forth Worth area on July 1. The company currently has 13 B2C fulfillment centers worldwide, including in G
U.S. cites 60 countries for forced labor failures, imposes new tariffs up to 12.5% The United States is imposing new tariffs up to 12.5% on countries it claims aren't doing enough to stop production of export goods by forced labor, saying it hurts U.S. businesses' ability to compete globally. A Section 301 report by the United States Trade Representative under the Trade Act of 1974 found 60 economies that failed to enforce a ban on imported goods produced with forced labor. Tha
Old Dominion's May update shows an improving LTL market Old Dominion Freight Line saw further improvement in its operating metrics during May, as the less-than-truckload industry is now seeing a demand bump from the industrial economy. The Thomasville, North Carolina-based company reported a 12.3% year-over-year increase in revenue per day during the month. The result outpaced a previously reported 7.6% revenue increase in April. May tonnage was down
Freight train fatalities mount as 5 killed in four incidents across US Five people were killed and two others were injured in four separate freight train collisions across the U.S. over the past week, including fatal incidents in the San Antonio area and southeast Michigan. The accidents, which occurred between Thursday and Tuesday, involved both vehicles and pedestrians being struck by freight trains in Texas, Michigan, North Carolina and Pennsylvania. The most rec
Businesses urge Senate to act on cargo theft bill A coalition of retail, industrial, business and supply-chain companies and organizations is asking U.S. Senate leadership to act on cargo theft legislation previously passed by the House. More than 200 companies and groups, including the Association of American Railroads and BNSF Railway (NYSE: BRK-B ), have signed a letter urging swift passage of HR 2853 , the Combating Organized Retail Crime Ac
Manufacturing's recovery broadens as industrial demand leads the freight upcycle The freight downturn that defined 2023 and 2024 has decisively reversed, and the May data clarifies the mechanism behind it: industrial production, rather than consumer spending or inventory restocking, is now driving the cycle. FreightWaves identified the inflection months ago. The latest readings from the Institute for Supply Management and the Logistics Managers' Index, corroborated by real-ti
Commentary: Why RPS is the most successful transportation startup ever By Satish Jindel On Monday, FedEx Corp. spun-off its Freight division. What is left is the combined network of FedEx Express and FedEx Ground. It's an opportune time to remember that FedEx ( NYSE: FDX ) would be a distant third-place parcel carrier in the U.S. market without the acquisition of RPS as part of the $2.4 billion deal for Caliber System in 1998. And, were it not for RPS, FedEx likely
Bot Auto names Brett Suma as president and COO to scale autonomous trucking The autonomous trucking race has a new entrant with a distinctly old-school playbook. Bot Auto, fresh off completing its first fully humanless commercial load on a public highway, is betting its next chapter on a freight industry veteran who has spent nearly three decades learning how to build trucking networks. Brett Suma is joining as president and chief operating officer, bringing with him Dav
Target debuts $367M food distribution center in Colorado Target Corp. has opened a $367 million food distribution center in Thornton, Colorado, that will serve 129 stores in 11 states, allowing customers to have fresher food and more availability. Stores are dedicating more space for fresh and frozen food products and Target ( NYSE: TGT ) is expanding its fresh supply chain network to position products closer to consumers to support that growth and imp
FreightWaves Today Debuts as Spot Rates Hit a Record The Headline Number: Spot Rates Hit an All-Time Record Craig Fuller set the tone in the opening minutes, and the data backed it up at the close. The SONAR National Truckload Index, which tracks daily spot rates inclusive of fuel, hit 383, an all-time record. Fuller, a self-described rate nerd from a trucking asset background, did not hide his enthusiasm: after years of carriers living in the dold
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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