Coastal and inland waterway share in India's freight movement to be doubled: Sonowal
LNG dual-fuel tonnage the most preferred as global container vessel orderbook soars past 15 Mteu
Cochin Shipyard subsidiary launches first of eight eco-friendly dry cargo vessels for Norwegian shipping firm; underscores growing global confidence in Indian shipbuilding
Directorate General of Maritime Administration organising workshop on safe carriage of solid bulk cargoes at Paradip
Mumbai Port Authority hosts Chad Shippers' Council delegation; explores cooperation in cargo handling and logistics
DGFT clarifies no immediate move to scrap pre-shipment inspection certificates for imported metallic waste
ONE registers strong financial performance in Q2
Coal shipments to India drop 7%, but limited recovery may lie ahead
Containers and new cargo drive increased volume at Syama Prasad Mookerjee Port
New Mangalore Port Authority implements enhanced rebates on Vessel Related Charges for container vessels
VOC Port records 71.69 pc growth in windmill blades handling
GTI empowers over 50 women through skill development and tailoring training
Next phase of maritime growth to be decided more by shipping services, inland links, connectivity from ports to markets: Report
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Railways achieves highest-ever freight loading for October
Maruti Suzuki exports surge 30% in first 10 months, surpassing CY25 record ahead of schedule
As risks grow more interconnected,organisations must build shock-resilient supply chains,suggests KPMG International thought leadership
AMP to Trump: Let Jones Act waiver expire The American Maritime Partnership (AMP), the voice of the U.S. domestic maritime industry, has written President Trump urging him to allow the current Jones Act waiver to expire on November 15. "The
USCG eyes commercially available icebreaking capabilities for Northeast waters Last winter saw severe ice conditions in the U.S. Northeast that, among other things saw suspensions of New York City ferry services and stretched Coast Guard icebreaking resources. While the Coast Guard
Q&A: ABB's Timo Vesala on the challenges and opportunities of ferry electrification As ferry operators across North America pursue fleet modernization and emissions reductions, electrification is becoming an increasingly important part of long-term vessel and infrastructure planning. But successfully transitioning to electric and hybrid-electric
Veth Propulsion launches new Streamline CRP azimuth thruster Twin Disc reports that its Netherlands-based Veth Propulsion subsidiary has launched a next generation azimuth thuster, Streamline CRP, hailing it as a major step forward in contra rotating propulsion technology. Developed to
VIDEO: LPD 30 completes builder's sea trials HII (NYSE: HII) reports that its Ingalls Shipbuilding division has completed a successful builder's sea trials for Harrisburg (LPD 30). the first Flight II ship in the San Antonio-class amphibious transport dock
ABB and Oreve plan 12 new electric truck charging sites in France ABB E-mobility and French charging operator Oreve have expanded their partnership to develop 12 new high-power charging sites along major freight corridors in France. The expansion will add approximately 100 charging points, with a combined installed capacity of around 18 MW once the new sites are fully deployed by the end of 2028. The project aims to support the growing use of electric trucks in
Lloyd's Register launches service to manage cargo disruptions Lloyd's Register (LR) Advisory has launched a new Supply Chain Resilience service to help ports, governments and logistics operators manage cargo disruptions and identify alternative transport routes. The service was introduced on 4 November 2026 at the IAPH World Ports Conference in London. It focuses on keeping essential cargo moving when geopolitical tensions, port congestion, severe weather o
Port of Oakland reports considerable renewable and zero-carbon electricity supply The Port of Oakland has announced that 84% of the electricity delivered in 2025 by its publicly owned utility, Port Public Power, to port tenants and facilities came from renewable and zero-carbon sources. The Board of Commissioners approved the annual Power Source Disclosure Report and Power Content Label for submission to the California Energy Commission at its October 22 meeting. Source: Port
Rhenus reports 26% growth in China-Europe ocean freight volumes Rhenus has reported a 26% year-on-year increase in ocean freight volumes from China to Europe during 2026 to date, as the logistics provider expands its business along the trade corridor. The company recorded the growth despite changing capacity conditions and uncertainty surrounding EU-China trade policies. According to Rhenus, the China-Europe corridor is its largest ocean freight trade lane wh
GXO reports stronger growth as logistics contract wins accelerate GXO Logistics reported higher revenue and net income for the third quarter of 2026, supported by stronger organic growth and an increase in new business contracts. The company generated revenue of US$3.6 billion, up 5.7% from US$3.4 billion a year earlier. Organic revenue grew by 6.4%, marking its fastest expansion in more than three years. Meanwhile, net income increased to US$65 million from US
Valencia Port tenders contract to run the ValenciaportPCS platform The Port Authority of Valencia has put out to tender the management and technical operation of ValenciaportPCS, the platform that allows public and private stakeholders in the port community to exchange information securely. The contract is worth more than EUR 7.9 million and has an implementation period of 24 months from the date of award. The tender specifications set the basic terms for contra
Neptune Pacific supports Tuvalu's first commercial export in 24 years Neptune Pacific has transported Tuvalu's first commercial export since 2002, helping a local skincare producer reach the New Zealand market. The shipment comprised 2,102 units of Fenua Ola skincare products made from extra-virgin coconut oil. It departed Funafuti for Auckland in June 2026. Neptune Pacific provided the freight service free of charge to mark the milestone. The carrier also helped t
Port of Gothenburg reports stable freight flows Cargo volumes at the Port of Gothenburg developed steadily from January to September 2026. Container volumes were in line with the previous year, while several segments grew clearly: new cars rose 14% and energy products 10%, and Ro/Ro traffic and rail volumes also continued to increase. The port handled 698,000 TEU in the period, against 699,000 TEU a year earlier. Behind the largely unchanged t
Maersk changes PCD logic for European import shipments Maersk will change how it calculates inland charges for selected import shipments across 15 European countries. The new Price Calculation Date (PCD) logic will apply to import shipments created from 1 January 2027. The change covers Bills of Lading booked with a CY move where customers add destination last-mile delivery later through an import shipment. Under the current system, Maersk calculates
Freightos Weekly Update: Asia - US air rates already nearing last year's high on peak season volumes Even with more container vessels routing back through the Red Sea on Asia - Europe services, and estimations of slumping post-peak demand, carriers have been able to push rates up 10% to N. Europe and 23% to the Mediterranean over the past month. Prices ticked up 3% last week to $4,375/FEU to the Mediterranean and were about level at $3,595/FEU to N. Europe. Congestion in N. Europe hubs, as well
Samudera orders two 3,000 TEU container vessels Samudera Shipping Line has signed shipbuilding contracts for two new 3,000 TEU container vessels as part of its fleet development programme. The Singapore-listed carrier entered into the agreements with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi-Mitsui Shipbuilding. The filing identifies the two Chinese yards collectively as the seller but does not specify how construction will be divided
Works begin to complete the quays at the port of Taureana di Palmi Construction has started on the completion of the docks at the Port of Taureana di Palmi, a EUR 7.5 million project awarded to SILEM, Società Italiana Lavori Edili Marittimi, with a duration of 20 months. The works will finish the shoreline docks and enclose the entire perimeter of the port waterway, expanding available space on land and at sea, increasing the number of berths and improving navig
K Line profit rises as ONE contribution strengthens Kawasaki Kisen Kaisha (K Line) reported a sharp increase in profit for the first half of fiscal year 2026, supported by improved earnings from Ocean Network Express (ONE). Operating revenue reached JPY602 billion during the six months ending 30 September 2026. This was up 20.3% from JPY500.5 billion in the same period last year. Operating income increased by 19.1% to JPY51.2 billion. Ordinary inc
Hapag-Lloyd targets 1.7 million TEU in Africa by 2030 Hapag-Lloyd aims to increase its annual container transport volume in Africa to 1.7 million TEU by 2030, as the German shipping company continues to expand its operations across the continent. The carrier announced that its African transport volumes surpassed 1 million TEU for the first time in 2026. The milestone reflects the company's growing presence in a market it considers central to its lon
ONE lifts full-year profit outlook after strong second quarter Ocean Network Express (ONE) reported a net profit of US$1.32 billion for the second quarter of FY2026, up from US$285 million in the same period last year. Revenue increased to US$6.27 billion from US$4.46 billion, supported by higher cargo volumes and stronger freight rates. EBITDA more than doubled to US$1.99 billion, while operating profit rose to US$1.36 billion. The Singapore-headquartered c
Why Europe shifts its strategy towards the Arctic Russia's hold on the Northern Sea Route is unchanged, but the new strategy exposes Europe's leverage at the corridor's western end
Piraeus container throughput returns to growth in third quarter Container throughput at Pier I of the Port of Piraeus returned to growth during the third quarter of 2026, despite remaining significantly lower across the first nine months of the year. Piraeus Port Authority (PPA) said third-quarter throughput at Pier I increased by 0.3%, or 524 TEUs, compared with the same period in 2025. This marked the terminal's first positive quarterly performance of 2026.
Explainer: CMA CGM and Maersk's treat on disruption CMA CGM and Maersk both treat disruption as a chance to lock in position, but they look for protection in very different places
Transpacific emerges as liner shipping's golden trade The transpacific has become the most lucrative major container shipping trade in the world, with carriers generating five times more spot revenue per nautical mile on the Shanghai-Los Angeles route than on shipments to North Europe via the Cape of Good Hope. New analysis from Alphaliner shows that the extraordinary strength of the US trade ...
Torm strikes eight-tanker newbuild deal in joint venture push Danish product tanker giant Torm has stepped up its fleet expansion with agreements for eight LR2 newbuildings through a 50:50 joint venture. The Copenhagen- and New York-listed owner disclosed the latest contracts in its third-quarter results, confirming that the agreements were signed after the end of September. Torm has not identified its joint venture partner ...
Benelux returns to China for LPG carrier brace Greek gas shipowner Benelux Overseas has been linked to another pair of midsize gas carriers at China's Huangpu Wenchong Shipbuilding, adding to its growing orderbook at the CSSC-affiliated yard. Shipbuilding sources have identified the Athens-based company, controlled by Kostas Angelou, as the buyer behind the latest 48,000 cu m two-ship deal, extending a relationship dating ...
Idan Ofer turns to Japan for boxship quartet Idan Ofer's Eastern Pacific Shipping (EPS) has been linked to an order for four midsize containerships at Japan's Imabari Shipbuilding, marking a rare Japanese addition to its extensive newbuilding programme. Shipbuilding sources have identified the Singapore-based owner as the buyer of the quartet, which would take its containership orderbook to over 65 vessels worth more ...
Laskaridis doubles Hengli LR2 bet with fresh pair Greek owner Thanassis Laskaridis has doubled his LR2 tanker newbuilding commitment at China's Hengli Heavy Industries, adding another two 114,000 dwt vessels to an existing programme. The latest contracts cover two vessels scheduled for 2028, and take the owner's LR2 commitment at the Chinese yard to four vessels. The order follows an agreement concluded in ...
Cameroon's Gulfcam taps new chief to drive Camship expansion Cameroon's Gulfcam is pursuing plans to acquire six vessels to expand its coastal container shipping operations between Kribi and Douala, with a former Camship executive taking charge of the business. Bernard André Ndengue took over as chief executive on November 1, replacing Albert Roger Boum, who stepped down last month to head Puma Energy's operations ...
Ardmore trims ageing tonnage amid Chinese newbuild drive New York-listed Ardmore Shipping has sold another older product tanker, agreeing a $34.3m deal for the 2013-built Ardmore Endeavour as it continues to renew its fleet. The Gernot Ruppelt-led company disclosed the transaction in its third-quarter results. The 49,859 dwt MR tanker, built at South Korea's STX shipyard and not fitted with a scrubber, was ...
Greenland's scrubber ban sparks calls for wider Arctic crackdown Greenland is moving to ban scrubber wastewater discharges throughout its territorial waters, prompting environmental groups to call for similar restrictions across the Arctic and ultimately a global prohibition. The country's parliament, Inatsisartut, voted unanimously last month to direct the government to introduce a phased ban covering ports, internal waters and territorial seas extending 12 n
Orkim books $38m product tanker pair in China Malaysian tanker owner Orkim has signed contracts for two more product tankers in China, committing about $37.6m as it presses ahead with fleet expansion following last year's stock market listing. The Bursa Malaysia-listed company said its wholly owned subsidiary Orkim Marine entered into shipbuilding deals with Fujian Southeast Shipbuilding and Fujian Mawei Shipbuilding. The two ...
MPC Oceanic strikes deal for 41% of Marlow Navigation Hamburg-listed MPC Oceanic Group has agreed to acquire a 41% stake in Cyprus-based shipmanager Marlow Navigation in a deal that will also see Marlow's existing shareholders take a holding in the German maritime investment and services group. The transaction, announced on Wednesday, builds on a relationship spanning more than a decade between the two companies ...
Vedanta taps Exceed for Indian deepwater drilling campaign India's Vedanta Oil and Gas has signed a partnership agreement with UK-based well management specialist Exceed for an exploration and appraisal campaign in the Krishna-Godavari Basin. The Kent-owned company will provide integrated support for drilling operations in Vedanta's KG-DWHP-2017/1 deepwater block, which contains four existing gas discoveries and several additional exploration prospects.
Himalaya rolls newcastlemax duo into premium charters Tor Olav Trøim-backed Himalaya Shipping has secured fresh time charter agreements for two newcastlemax bulk carriers, extending their minimum employment until October 2027. The Oslo-listed company said it had reached new agreements with the vessels' existing charterer, with both contracts taking effect on November 3. The fixtures replace previous deals that were due to expire ...
BG Shipping lines up four ultramaxes in Chinese leasing deal Hong Kong-based BG Shipping has lined up four ultramax bulk carriers at Jiangsu Soho Innovation & Technology Shipbuilding under a leasing arrangement with China's Suyin Financial Leasing. The four-vessel project, adding a combined 256,000 dwt, marks Suyin's first ship operating lease transaction, according to an announcement by the Chinese lessor. No contract value, lease duration ...
Samudera taps Yangzijiang yards for boxship duo Singapore-listed Samudera Shipping Line has ordered two containerships in China, adding 6,000 teu of capacity to its newbuilding pipeline. The Indonesian-controlled carrier disclosed in a filing that it had signed shipbuilding contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi-Mitsui Shipbuilding, both part of the Yangzijiang Shipbuilding group. The two vessels are scheduled for co
Vafias bolsters tanker newbuild programme Greek shipowner Harry Vafias is expanding his South Korean tanker newbuilding programme with four more ships, adding two VLCCs and two LR2 product tankers in deals estimated at around $422m. Vafias-backed Stealth Maritime has been linked to another pair of 320,000 dwt VLCCs at Hanwha Ocean and two 115,000 dwt LR2s at HD Hyundai Heavy ...
TS Lines adds $246m boxship brace in China Taiwanese liner operator TS Lines has returned to Shanghai Waigaoqiao Shipbuilding (SWS) for another pair of containerships in a deal worth $246m. The Hong Kong-listed carrier has contracted two 11,000 teu vessels at the CSSC-controlled yard, together with China Shipbuilding Trading, paying $123m apiece. The ships are scheduled for delivery in 2030, with the investment ...
Velesto wins new work for jackup following collapse of sale deal Malaysian offshore driller Velesto Energy has secured fresh work for its Naga 3 jackup rig with Petronas Carigali, just months after a planned $63m sale of the unit to an Indonesian company fell through. The contract, awarded to its subsidiary Velesto Drilling, covers one firm well and an option for a second well, with operations ...
Aramco starts production from giant oilfield expansion project Saudi state oil giant Aramco has started crude production from its major Zuluf offshore expansion project, bringing a development designed to process up to 600,000 barrels per day closer to full operations. Located in the Arabian Gulf, Zuluf is one of Aramco's largest offshore oilfields. The expansion forms part of its programme to maintain the ...
Cadeler newbuild to debut on Dogger Bank turbine campaign Danish offshore wind contractor Cadeler has secured the first assignment for its newbuild installation vessel, Wind Apex, signing a firm contract to transport and install turbines at the Dogger Bank C offshore wind farm in the UK North Sea. The vessel will join the installation campaign in the third quarter of 2027, shortly after its scheduled ...
North Sea strikes escalate as Apache and Wood workers walk out Industrial action in the UK North Sea has intensified, with around 170 Apache workers launching a fresh strike and Wood Group employees staging a separate walkout on Harbour Energy-operated platforms amid disputes over pay and working conditions. Unite said Apache workers began a 24-hour stoppage at 6 am on November 4, with further industrial action ...
AskChief: The end of shipmanagement's institutional memory problem? Michalis Gkontas, co-founder and CEO of AskChief, explains how artificial intelligence could fundamentally change the way ships are managed at sea and ashore, turning years of fragmented operational knowledge into an instantly accessible resource. The future of shipmanagement will be less dependent on individual experience, institutional memory and the availability of particular people, according
Russia to sell $180m stake in Sovcomflot Russia is preparing to sell a 7.8% stake in state-controlled shipping giant Sovcomflot as Moscow searches for additional revenues to plug its growing budget deficit. The country's Federal Agency for State Property Management, Rosimushchestvo, has launched a tender to select an adviser to organise the sale of 7.8% minus one share in the Moscow-listed tanker ...
China's property starts plunge to 2002 levels China's property construction collapse has taken new building starts back to levels last seen in 2002, raising fresh questions about the long-term outlook for iron ore and coking coal demand, even as dry bulk owners become increasingly bullish about freight markets. Research published today by Ursa Shipbrokers reveals that Chinese property starts have fallen by ...
The human breaking point at sea Shipping cannot keep demanding more from less, argues Steven Jones, the founder of the Seafarers Happiness Index, in this strident exclusive for Splash. We are entering an extraordinary era of maritime technology. AI, autonomous ships, digital twins and sensors promise to transform shipping. We calculate engineering tolerances, operating envelopes and failure thresholds with extraordinary precisi
The Daily View: The IMO may have found a path to compromise. That does not mean anyone will take it
'Risotto Group' seeks compromise route through IMO net zero deadlock EXCLUSIVE: Saudi-led informal coalition has brought together governments from opposing sides of the IMO climate fight, but US intentions and...
Navios Partners clinches additional tanker and boxship orders Angeliki Frangou-led owner confirms contracts for seven more newbuilds costing $700m
Do the US midterms matter for the IMO's climate talks? The US was one of the key actors in the dramatic turnaround at last year's extraordinary MEPC meeting. Will a...
MPC Oceanic agrees purchase of $126m stake in Marlow Navigation Petros Panagiotidis-backed vehicle, formerly known as MPC Capital, to acquire 41% of Cyprus-based shipmanager
Tsakos warns of 'huge toll' on environment from ship strikes Pollution from incidents around the Strait of Hormuz 'tenfold' that of normal times, says Greek owner
Evergreen joins accelerating liner return to Suez Evergreen, the last Ocean Alliance partner holding out, is set to resume Suez Canal transits this week as the container...
Venezuela's oil revival moves cargoes from shadow fleet to mainstream tankers US sanctions relief has diverted Venezuelan crude from China to shorter-haul buyers, but Beijing's $10bn oil-for-loans claim could yet revive...
Another day of attacks hits ships from Hormuz to Black Sea After one of the deadliest months for shipping in the Black Sea and Strait of Hormuz, November has opened with...
Is the Strait of Hormuz a narrative war? With enough relatively inexpensive drones, maritime chokepoints can be brought to a relative standstill. Is it possible to mitigate against...
ONE's new chief executive rejects deglobalisation as it eyes $2bn in FY2026 profits Geopolitics continues to sway trade flows as ONE joins other carriers in reaping the rewards from geopolitical disruptions
Record boxship orderbook collides with fading disruption as Trump turns 'lame duck' Containership orders have passed every previous full-year total with two months to spare, just as the Red Sea diversion unwinds...
Daily Briefing How US midterm elections could impact course of Hormuz crisis | Suez recovery accelerates as distorted tanker trades push crude...
Hapag-Lloyd to launch two Asia-Latin America services next year The move continues an ongoing reshuffle of services and partnerships among the major carriers serving the trade.
ONE doubles full-year profit forecast on higher freight rates, volumes The carrier said although spot rates are expected to ease in the coming months due to the seasonal softening of cargo demand, they will remain above the levels assumed in its previous forecast upgrade made in August.
Shippers face cost execution test in push for lower emissions Choice of carrier, vessel deployment, cargo utilization, route, and regulatory exposure can materially change both the environmental result and the economics of a shipment, according to recent industry analysis.
China service pushes Matson earnings past Wall Street expectations US container ship operator shrugs off Hawaii volume dip as transpacific service surges
South Korea's shipbuilding boom masks a deeper dilemma Eleven years after my last visit, Busan revealed the contradictions behind the nation's shipbuilding success
Genco Shipping declares record dividend and guides to stronger bookings in current quarter New York bulker owner expects to pay more than $1 per share in each quarter of year's second half
US sanctions alleged false-flag kingpin for a 'web of maritime fraud' Treasury Department sanctions Suniel Kumar Sharma, his wife and three companies in his network
Evangelos Marinakis sponsors geothermal-powered STEM building at Massachusetts Maritime Academy Building dedicated to Capital Maritime & Trading founder's father, Miltiadis
South Korean shipping finance faces a private capital reckoning Industry veterans question whether traditional funding models can keep pace with soaring vessel values
Ifchor Galbraiths hires veteran Braemar brokers Anglo-Swiss shipbroker is set to launch a container S&P desk after recruiting long-serving specialists from rival shop
Russia claims string of strikes on dry-cargo ships off Ukraine Reported attack on ship inside Odesa's port comes after strikes on three vessels on Tuesday
'The most expensive day of my life': What Claus-Peter Offen learned from the global financial crisis Offen Group founder reflects on the lessons learned from more than five decades in container shipping
JP Morgan's Andy Dacy digests 'increasingly multipolar world' Bank executive details the global factors at play as shipping grapples with uncertainty
MPC Oceanic-Marlow tie-up 'a strategic partnership built on trust', sys Constantin Baack Move gives German company entry into ship crewing sector as maritime investor backs next phase of growth
Orkim orders product tankers as it gets one newbuilding early Malaysian owner continues to expand its fleet thanks to government incentives
Wallenius Wilhelmsen working on contracts that will occupy ships until 2029 Norwegian car carrier operator picking and choosing its customers in extremely tight market
Will US 'blue tsunami' dampen tanker market boom? Newly empowered Democrats can lean on Trump, but it could just lead to more of the same
Navios banks highest profit in four years amid flurry of deals Angelikou Frangou-led shipping giant confirms additional newbuildings, which boost her orderbook to 34 ships
Procopiou's Dynagas Partners reveals debt default risk linked to Russian LNG charters Greek owner forced to seek insurers outside the UK under new sanctions
Idan Ofer books container ships at Imabari in rare Japanese newbuild move Contract for four midsize vessels takes Eastern Pacific's boxship orderbook to 64 ships worth more than $5.5bn
SFL Corp seals suezmax charter and books profit boost Fredriksen-backed lessor has taken some tanker spot exposure off the table
Torm moves into Gulf of Oman shuttle tanker business on 'case-by-case' basis, CEO says Danish owner explains how new shipping model is being approached in the Middle East
Hong Kong chef emerges as shipowner with stealthily assembled bulker fleet Sole shareholder of growing shipowner is a well-known figure in Hong Kong's culinary world
Bulk and container ships buoy K Line's half-year figures But LPG, tankers and car carriers take a hit
Container players avoid Strait of Hormuz amid fear of 'unpredictable' security risks Strong freight markets and growing demand for Gulf cargo movements are not enough to tempt boxship players back
'Deliberately' faked seafarer rest records see bulker banned from Australia Officials say vessel was masking excessive work hours for crew members
Petros Panagiotidis-backed MPC Oceanic buys major stake in Marlow Navigation German group takes 41% strategic holding in Cypriot owner and manager
Trafigura's big reach is X-factor for VLCC start-up Volare, Clarksons says Trader's platform gives extra upside to undervalued shares, investment bank believes
Tonnage-hungry Trafigura snaps up suezmax from Greek owner Almi Tankers Middle Eastern oil producers are not the only players scooping up secondhand tanker tonnage
Lila Global snaps up another LNG carrier for 'Hormuz trading' Middle Eastern shipowner Adnoc Logistics & Services takes on management of GasLog vessel
Tonnage-hungry Trafigura snaps up suezmax from Greek owner Alimia Tankers Middle Eastern oil producers are not the only players scooping up secondhand tanker tonnage
Lauro brothers complete $34.3m selldown of Scorpio Tankers stock It was a day of sell-offs for shipping stocks amid renewed hopes for peace in Middle East
Anthony Veder named as buyer of Fratelli Cosulich LNG bunker vessel duo Early secondhand sale for emerging sector likely to set benchmark
Torm orders eight tankers through new joint venture as profit soars More MR vessels also added to existing Chinese order
Booming markets give Braemar extra firepower as it chases acquisitions New boss Grant Foley also says new broker hires will boost performance
ONE profit surges as liner player lifts whole-year guidance to $2bn Singapore-based carrier posts $1.3bn profit as congestion and weather soak up vessel capacity
Two projectiles hit VLCC blacklisted by Iran this week Attack on Barbados-flagged Grit off Oman comes as Tehran tightens its grip on Strait of Hormuz
Procopiou's Dynagas Partners reveals debt default risk linked to Russian LNG charters Greek owner forced to seek new insurers outside the UK under new sanctions
Wallenius Wilhelmsen profit surges as it sees 'solid demand' Car carrier owner expects 2027 to 2029 to be contracted by year-end, at rates reflecting current market conditions
Himalaya Shipping signs index-linked time charters for two bulkers Vessels will earn 'significant premiums' to Baltic 5TC index
OMS Group lands $1bn-plus financing for cable-laying newbuildings Financing, more than twice oversubscribed, includes ECA-backed loans
Samudera goes bigger with order for two container ships in China With 3,000-teu capacities, the vessels will be the largest ever contracted by Asian regional liner player
Iran blacklisted a VLCC this week - then two projectiles hit its engine room Attack on the Barbados-flagged Grit off Oman comes as Iran continues to tighten its grip on the Strait of Hormuz
Uglands sells oldest supramax to Adnoc L&S for $20m Norwegian owner times Kristinita sale well as bulker values climb
Benelux Overseas orders midsize gas carriers in China Latest deal involves two conventional marine-fuelled 48,000-cbm gas carriers
Idan Ofer orders container ships at Imabari in rare Japanese newbuild move Order for four midsize vessels takes Eastern Pacific's boxship orderbook to 66 ships worth more than $5.5bn
Chinese ship lessors emerge stronger from US trade pressure test Foreign owners return as lenders pursue fresh opportunities in an increasingly competitive market
Class 8 truck orders plunge 36% as EPA uncertainty rattles fleets North American Class 8 truck orders tumbled 36% year over year in October, signaling a surprisingly weak start to the 2027 order season. Trucking fleets are grappling with regulatory uncertainty , rising equipment costs and pressure on operating margins, according to data released Wednesday by FTR Transportation Intelligence. Dan Moyer, FTR's senior analyst for commercial vehicles, said fleets ma
The Hidden Data Challenges for Autonomous Trucking Safety Forget millions of test miles-it's about the *right* miles. Empiric Earth's Luc Vincent reveals why current autonomous vehicle testing falls short and how collecting rare, dangerous real-world events is crucial for true self-driving safety. Learn how specialized data and targeted validation are becoming the new standard for robo-taxis and autonomous trucks to navigate unpredictable environments,
8 Inches of Rain Shut Down Busiest US Rail Line for 60 Hours North American rail traffic saw a mixed performance in Week 43, with significant disruptions impacting major lines. Bill Stephens of Trains Magazine breaks down how record-breaking rainfall in New Mexico and a massive CSX tech outage led to operational challenges. Learn how these events impacted intermodal and carload volumes, and what Q3 earnings reveal about the resilience of Class 1 railroads.
Dry Van & Reefer: Market Signals You Can't Ignore Despite trending lower, dry van tender rejection rates still indicate a tight market. Learn why capacity isn't expanding, even as carriers face cost pressures outpacing revenue growth. We'll dive into the latest SONAR data, including regional rate maps and intermodal volumes, to uncover the hidden signals in today's fragile freight market. Dry van tender rejection rates have drifted lower over th
GXO's contract wins surge 34%, but growth comes amid cost pressures GXO Logistics is seeing accelerating demand for its contract logistics services, particularly in North America, as data centers, aerospace and defense customers fuel a record sales pipeline. During a Wednesday earnings call, CEO Patrick Kelleher said the company's renewed commercial strategy is generating larger contracts and expanding opportunities in specialized industries, with momentum expect
Emirates rolls out enhanced air cargo service for data center operators The cargo division of Middle East carrier Emirates has introduced a dedicated product designed to facilitate the shipping process for cloud computing companies and suppliers with time-critical AI-related products, which have become a major driver of air cargo demand in the past year. The product combines priority loading, specialized handling to keep equipment upright and minimize risk of damage,
Intermodal leads weekly gains as US rail traffic rises 3.5%, says AAR U.S. rail traffic increased 3.5% in the week ending Oct. 31 compared with the same week in 2025, the Association of American Railroads said Wednesday. Carload traffic rose 3.0%, while intermodal volume increased 3.9%. Seven of the 10 carload commodity groups recorded year-over-year gains. Metallic ores and metals led with an 18.3% increase, followed by forest products at 9.3% and motor vehicles a
Stronger revenue at Uber Freight, but profits still elusive Uber Freight CEO Rebecca Tinucci took to LinkedIn to tout the company's third quarter financial performance, which still is a long way from operating profitability. As Tinucci said in her published remarks, "two things can be true at the same time." Her comments highlighted gross bookings of $1.768 billion, which is a record for the group. It also was a 34% improvement over the third quarter of 2
Asia-US container rates hold as carriers seek $3,000 November rate hikes Trans-Pacific ocean rates remain well above pre-peak levels, and carriers are seeking increases of $2,000-$3,000 per FEU for November despite signs that the prolonged peak season is ending. Forwarders cited improving space availability and more consistent vessel schedules as reasons to doubt that the increases would stick, analyst and SONAR data contributor Freightos (NASDAQ: CRGO ) said in an up
Trimble cuts growth outlook as European freight market slows Trimble reported higher third-quarter revenue and earnings Wednesday, but lowered its full-year recurring revenue growth forecast as weakness in European freight markets and slower demand for positioning services weighed on its outlook. The Westminster, Colorado-based technology company (NASDAQ: TRMB ) reported third-quarter revenue of $967 million, up 7% year over year, while adjusted earnings p
ONE lifts profit forecast to $2 billion as earnings surge Ocean Network Express more than quadrupled its second-quarter net profit and raised its full-year earnings forecast to $2 billion, as stronger freight rates and higher cargo volumes outweighed rising operating costs. The Singapore-based container shipping company co-owned by three Japanese carriers reported net profit of $1.318 billion for the July-September quarter, compared with $285 million a
East Midlands Airport welcomes another Chinese cargo airline A Boeing 747-400 freighter jet operated by Central China Longhao Airlines arrived at East Midlands Airport on Monday, adding to the roster of cargo airlines now using the airport as a gateway to the United Kingdom market. Central China Longhao Airlines will operate twice-weekly flights to East Midlands from Zhengzhou International Airport, the airport said in a news release. China Central Longhao
Higher shipment weights help ArcBest beat Q3 expectations Heavier shipments are driving higher tonnage and revenue per bill at ArcBest's less-than-truckload unit. Freight lost to a once-depressed truckload market is returning alongside an improved manufacturing complex. The changing freight mix helped the company beat third-quarter expectations on Wednesday. The Institute for Supply Management's Manufacturing PMI remained in expansion territory for a 10
Shippers spread parcel volume as carrier surcharges climb CHICAGO - Parcel shippers spent years handing one national carrier all their volume and negotiating once. At FarEye's Last Mile Leaders America 2026 conference in August, panelists described why shippers are moving away from single-carrier agreements. Rising surcharges are part of the reason. Software that lets shippers manage multiple carriers has also made the shift easier. Kyle Langley, Vice P
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