Two U.S. fuel suppliers team up to offer regulatory-compliant methanol bunkering World Fuel Services and West Coast Clean Fuels say that they have now established a proven, regulatory-compliant, methanol bunkering capability that is available to vessel owners and operators across U.S. ports. The
Liebherr Group reports stable growth in 2025 annual results Liebherr Group reported turnover of €14.77 billion for 2025, reflecting stable growth with an increase of €150 million compared to the previous year. The company recorded sales growth in seven of its 13 product segments and expanded its global workforce to 55,963 employees by year-end. Liebherr continued to prioritize innovation, investing €708 million in research and development. Key focus areas
ClassNK grants first autonomous ship notation to container ship "Genbu" ClassNK has awarded its "AUTO-Nav2 (All)" notation to the container ship Genbu , marking the world's first certification of an autonomous navigation system for a vessel operating on medium- to long-distance routes. The vessel was built by Kyokuyo Shipyard Corporation , managed by IKOUS Corporation , and operated by Suzuyo Marine Co., Ltd. It is part of the Nippon Foundation 's MEGURI2040 Fully Au
Suez Canal Authority refloats grounded bulk carrier in swift salvage operation The Suez Canal Authority (SCA) has successfully refloated the bulk carrier XIN TAIN YUAN after it ran aground due to a rudder failure while transiting the Suez Canal . The vessel, sailing under the Panama flag, was part of the northbound convoy traveling from Denmark to Singapore . It grounded at km 87 of the canal. Rapid response and recovery According to Ossama Rabiee , four SCA tugboats were d
Explainer: Behind China's detention doctrine against Panama China isn't running a pressure campaign against Panama but it's underwriting its entire global port portfolio
Port of NY/NJ redesign duty free and specialty retail concessions The Port Authority of New York and New Jersey and JFKIAT, the operator of Terminal 4 at John F. Kennedy International Airport, have selected JFK T4 Retail Partners LLC to redesign and operate duty free and specialty retail concessions at the terminal. The partnership brings together ARI, a global travel retail operator active across 12 countries, International Shoppes, a Queens-based pioneer in t
Hapag-Lloyd increases stake in JM Baxi Hapag-Lloyd has officially increased its ownership in JM Baxi Ports & Logistics to 50%. This marks a significant rise from its original 35% stake acquired in early 2023. A series of capital injections facilitated this growth, first moving the share to 40% and most recently adding the final 10% to reach the halfway mark, according to DynaLiners. Granular ownership structure The partnership feature
Hapag-Lloyd adjusts MSW service Hapag-Lloyd has updated the rotation of its MSW service , which connects the Mediterranean with the West Coast of South America. This strategic adjustment aims to optimize port coverage and service efficiency across the region. Key rotation changes The most significant update involves the addition of a new direct port call and a shift in how another region is served: New Direct Call: Callao (Peru
SITC adjusts multiple services SITC has implemented significant changes across three of its regional services. These updates refocus the carrier's China-Philippines coverage and introduce a new shuttle to maintain connectivity for Japanese ports, accoring to DynaLiners. CPX4 Service: Transition to China-Philippines loop The CPX4 service has undergone a major restructuring, removing all Japanese and North Philippine calls to be
CMA CGM vessel transits Hormuz Strait A CMA CGM container vessel has successfully exited the Strait of Hormuz, marking the first confirmed Western Europe-linked transit since the outbreak of the conflict in the region. The French ownership vessel, CMA CGM Kribi, is a 5,466 TEU containership built in 2014, operating under the Maltese flag. Its passage through the strategic chokepoint comes amid heightened security risks and widespread
Ningbo Ocean Shipping approves vessel and equipment investment The Board of Ningbo Ocean Shipping (NBOSCO) has authorized a significant capital investment program to expand its fleet and container inventory. The total projected expenditure for these initiatives exceeds USD 390 million, focusing on both newbuilding vessels and specialized equipment, according to DynaLiners. Vessel procurement and bidding NBOSCO is set to expand its regional fleet with a new o
MSC enhances Asia to USA West Coast network MSC has reviewed its Orient, Sentosa, and Chinook services to improve reliability and schedule stability. These updates to the Asia to USA West Coast network aim to reduce exposure to port congestion and support more predictable service performance. Orient service updates The Orient service will feature a revised port sequence to improve on-time arrivals. Key Changes: Qingdao replaces Haiphong as
Explainer: Anchorage crisis behind the Hormuz crisis Five weeks into the Hormuz war, the disruption has migrated from the Persian Gulf to the anchorage fields of Asia and with it, a second-order geopolitical contest is taking shape
CMA CGM updates peak season surcharges on key global trades CMA CGM has announced a series of Peak Season Surcharge (PSS) updates across major trade lanes, covering shipments from Europe and Egypt to the Americas. Europe to U.S. and Mexico From May 1, 2026, a new PSS will apply to cargo moving from North Europe-including the United Kingdom, Ireland, Scandinavia, Poland, the Baltics, and northern Spain-to the U.S. East Coast, U.S. Gulf, U.S. West Coast, an
GEODIS unifies Sealogis and XP LOG under one brand Sealogis, Sealogis Freight Forwarding, and XP LOG, subsidiaries of the GEODIS Group since 1995, will now operate under the GEODIS brand. This strategic transition will be effective by the end of the second quarter of 2026. Through this evolution, GEODIS is affirming its ambition to become a major player in port logistics in France. Sealogis and Sealogis Freight Forwarding, freight forwarders oper
Explainer: How the Hormuz crisis rewrote the rules of maritime risk Iran's three-phase escalation has moved beyond chokepoint disruption into the destruction of cargo origin capacity and no diplomatic clearance can restore what a missile has already struck
Who controls the Gulf's landbridges? Wolfgang Lehmacher ponders whether Middle East multimodal shift inland is permanent. The day AIS tracks over the Strait of Hormuz reduced to a trickle, the desert lit up. Trucks rolled out of Salalah and Sohar, trains assembled in Saudi yards, and boxes previously bound for Jebel Ali were rerouted through Jeddah, Omani ports, and inland ...
Lila Global's VLCC bet pays off with 55% asset value surge in months Lila Global has nailed the tanker cycle, with its latest VLCC play delivering a striking asset value uplift in just a few months. In November, Splash reported that COSCO was offloading the Japanese-built, scrubber-fitted Cosgrand Lake (299,000 dwt, 2006) at a steep discount, linking the sale to GMS at around $35m. The sale raised eyebrows, coming well ...
Zhonggu Logistics backs Wuhan Qingshan restart with 10-ship order China's Zhonggu Logistics is pressing ahead with its fleet expansion, lining up 10 feeder containerships at the recently revived Wuhan Qingshan Shipyard. The Shanghai-listed liner said it will invest up to $392m in a series of 1,800 teu vessels, with deliveries scheduled between 2028 and 2029. The deal gives a boost to Qingshan, which has ...
Splash Wrap: Hormuz bells are ringing Iran's parliament approved a formal toll and access regime for the Strait of Hormuz earlier this week, with the ongoing war against the US/Israeli coalition leading Splash coverage for a fifth straight week. Satellite imagery confirmed severe damage to Russia's prime energy exporting ports, as Ukraine's Baltic bombardment campaign continued for much of this week. ...
Erasmus taps Huangpu Wenchong for boxship newbuilds Athens-based Erasmus Shipinvest Group is building out its container ship exposure with a fresh order in China. The John Su-led owner has signed for two firm 1,800 teu feeder container vessels at CSSC Guangzhou Huangpu Wenchong, with options for two more units. The deal was formalised at a signing ceremony involving the yard and China ...
BlackRock takes 5% stake in Samsung Heavy in vote of confidence for shipbuilding supercycle The world's largest asset management company BlackRock has become a significant shareholder in Samsung Heavy Industries, acquiring a 5.01% stake in the South Korean shipbuilder in a move that signals strong institutional confidence in the longevity of the current newbuilding supercycle. Samsung Heavy has secured $3.1bn in orders so far this year across 16 vessels, ...
Keyfield International taps Chinese yards for new AHTS Malaysian offshore vessel owner Keyfield International has signed a contract with Fujian Mawei Shipbuilding and Fujian Funing Shipbuilding for the construction of a new dynamic DP2 anchor handling tug supply vessel. The contract was signed through Keyfield's wholly owned subsidiary Keyfield Resolute. The deal for the diesel-electric engine is $18m (RM72.5m). The company stated that ...
Key Bridge insurer settles with Dali owners for $350m The insurance company that paid out $350m to Maryland following the collapse of Baltimore's Francis Scott Key Bridge has reached a settlement of the same amount with the owner and operator of the container ship Dali, in one of the first deals to be struck ahead of a landmark civil trial set to begin June ...
Tanjung Offshore wins FPSO tow and reconnection job Malaysian offshore services player Tanjung Offshore, part of T7 Global, has won a one-year work order from the subsidiary of Petronas Carigali, Vestigo Petroleum. In a Bursa Malaysia filing, the company said the contract is for the disconnection and transportation of the FPSO Berantai from its offshore field. It will also tow the vessel to ...
Somalia registers its first vessel under the national flag in over three decades Somalia has officially registered its first vessel under the national flag since the collapse of the country's central government in 1991, marking what officials describe as a historic step toward restoring maritime sovereignty over the longest coastline in mainland Africa. The vessel, named Guney, was formally registered under the Somali flag following completion of all ...
Ventura Offshore secures Brazil rig extensions with Petrobras Offshore driller Ventura Offshore has been awarded contract extensions for two of its rigs operating offshore Brazil. The 2009-built SSV Victoria semisub was awarded a 1,455-day firm extension of the rig's current contract, with a unilateral termination option by Brazilian state-owned giant Petrobras from the 910th day of the extension period, during which it will ...
Crew management is hitting a breaking point Across the maritime sector, a workforce crisis is quietly building - and the industry's reliance on outdated systems is running out of time, writes Gary Glover, the founder of CrewDex. Ask any crewing manager how they track crew certification expiry and the answer is usually some version of the same thing: a spreadsheet, a calendar ...
Tanker stocks bounce back amid war, reapproaching multiyear highs The bearish view that the Strait of Hormuz closure will ultimately be bad for tanker demand is not swaying stock...
CMA CGM boxship to navigate Strait of Hormuz via Iran-approved corridor The 2014-built boxship appears to be bound for the Republic of Congo port of Pointe Noire on a CMA CGM...
Greek shipowner gets prison sentence after losing V.Ships injunction case Lambros Stravelakis 'wholly without remorse' for contempt, judge rules
Middle East port update: Thursday, April 2 Traffic through the Strait of Hormuz continues to be severely disrupted and conditions may change at short notice
Hopes Middle East conflict will be 'moment of enlightenment' for GNSS overreliance Ships rely on GNSS for a huge amount of equipment, but much of it is rendered useless when jammed by...
Middle East crisis chokes ship recycling as energy costs and freight rates surge Despite weak supply, some recyclers are offering above-market prices to secure ships and maintain operations. But a meaningful recovery in...
Asia may see hull insurance rate hikes in second half of 2026 Performance costs will remain the main driver for pricing different shipping segments, despite rising compliance and costs
Odesa ports hit during overnight drone attack Russian drone strikes late on Wednesday damaged port infrastructure across Ukraine's Odesa region, hitting warehouses, storage sites and residential areas...
Preston Turnbull recruits McKie from CMS Veteran lawyer joins Clyde & Co breakaway
Omani ships transiting Strait of Hormuz eastbound, avoiding 'Tehran-approved' corridor If successful, these will be the first ships tracked not taking the Iranian corridor through the chokepoint in nearly three...
Singapore consolidates registry gains as reflagging wave shows no sign of reversing Lloyd's List Intelligence data reveals 673 vessels have switched to Singapore's registry since 2024, with tonnage from Hong Kong accounting...
The Daily View: When 'effective IMMEDIATELY' insurance isn't immediately effective
Daily Briefing Nearly one month later, Trump's war risk insurance scheme is going nowhere | 'Tanker cycle timing: from 'scramble mode' to...
Montreal Port chief Gascon exits abruptly after two-year tenure The departure of the Montreal Port Authority CEO comes just as development work begins on a new US$1.15 billion container terminal.
Charleston looking for retailer shippers to revive port's growth The port's chief executive said his agency will do more to attract large retail BCOs to reverse lost market share, while also investing in non-container projects.
FMC again rejects Maersk petition to waive notice period for emergency fuel surcharge The unanimous decision prevents the carrier from immediately implementing the fee, which is meant to help recoup fuel costs on US trades that have been driven higher due to the war with Iran.
CMA CGM said to have deal with Iran to allow safe passage through Hormuz: sources The CMA CGM Kribi successfully transited the strait late Thursday, the first passage for a Western-operated container ship since the war between the US/Israel and Iran disrupted access to the crucial waterway five weeks ago.
Rising jet fuel costs challenging freighter viability as war enters second month Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.
SeaLead warns of network disruptions in Persian Gulf war zone That comes as the Singapore-based regional carrier outlined a strategic restructuring of its overall operations, including scaling down trade coverage across its key intra-Asia trade territories.
Second Star Bulk vessel crosses Hormuz Strait in rare passage of US-listed ship Iran does not take a dogmatic approach in the vessels it allows to escape the world's largest blind alley
Delayed US-backed insurance plan for Strait of Hormuz to start 'soon', organiser claims Details of who can apply for war risks cover through global chokepoint remain unclear
Maersk Tankers buoyed by ship sales as revenue falls Danish owner-operator says 2025 freight rates declined from historic highs the year before
Greek shipowner handed 14-month jail term in 'oppressive' battle with V.Ships Lambros Stravelakis says he is considering appeal against contempt ruling and will avoid travelling to the UK
Gotsis family takes stake in Greek bank backed by fellow shipowners Eurotankers principals expand their onshore investment, taking a stake in bank controlled by the owners of Altomare
Sanctioned tanker carrying Iranian oil switches course to China The ship was originally reported to be bringing cargo to India under US sanctions waiver
Sweden seizes sanctioned shadow tanker suspected of causing 12 km oil slick The Flora 1 is at anchor off Ystad as probe begins
Crude tanker tonne-miles fall well below pandemic levels amid Iran conflict Veson Nautical charts stark impact on VLCC, suezmax and aframax movements
Hafnia inks deal for eight product tankers at HD Hyundai Heavy The company had been tipped to order the ships from China's Hengli Heavy Industry
Russia loading second tanker for voyage to Cuba, Moscow says Energy minister Sergei Tsivilev promises more help for Caribbean island amid US oil blockade
Turkish owner flips its only tankers for huge profit Aframax and LR2 sold in lucrative deals after 2025 acquisitions
Dubai commodities trader quits shipping with tanker sales Brokers link company to disposal of aframax and LR1 vessels
CMA CGM ship passes through Strait of Hormuz, lifting hopes of full shipping return Container ship signals neutrality as it makes hitherto perilous voyage
Top Ships says it has VLCC operating in Middle East Gulf as it posts lower profit Greek owner cautions prolonged war will have significant impact on tanker sector
H-Line gas carrier lined up to export first LNG cargo from Golden Pass South Korean owner's vessel fixed to arrive in Texas on 20 April
Hafnia inks deal for eight product tankers at South Korea's Hyundai Heavy The company had been tipped to order the ships from China's Hengli Hengli Heavy Industry
Toro Corp refinances tanker and gas carrier fleet in $60m deal Cypriot owner taps European lender for new facility over five years
Panagiotidi's Icon Energy wins index-linked bulker charter for up to 20 months Nasdaq-listed owner says supramax deal will add $7.2m to contracted revenue
China Merchants Port edges closer to closing Brazil's Vast deal Port operator flags orderly path to closing Brazilian terminal purchase after delays
German owner Peter Dohle snaps up container ship pair at Chengxi Shipyard Order ends seven-year boxship drought for the Chinese shipyard
Human remains found on bulker attacked by Iran Thai owner says further investigations are being carried out with Iranian authorities
Zhonggu Logistics orders 10 feeder container ships at reactivated shipyard The deal at Wuhan Qingshan brings Zhonggu's total spending on newbuildings this year to over $1bn
Singapore shifts to crisis footing as Strait of Hormuz flows 'sharply curtailed' City-state signals prolonged disruption risk and trade flow upheaval
John Su-led Erasmus inks fresh newbuilding contract in China Greece-based company has ordered up to four feeder container ships at CSSC Guangzhou Huangpu Wenchong
Trump budget proposal tees up yard bonanza by taking US ship orders to historic levels White House gears up to propose budget with 34 ships, including vessels built to commercial standards
Two VLCCs appear headed through Hormuz on new route along Oman coast Tankers join LNG carrier travelling southern path as Iran and Oman discuss tolling system
Volvo Pushes new VNR as U.S. tractor fleet nears 7-Year average age Volvo Trucks North America is pushing hard into the regional trucking market with its new VNR series, betting that an aging national fleet and record diesel prices will drive carriers to replace equipment faster than freight demand alone would suggest. The company rolled out the new model at a ride-and-drive event at its Dublin, Virginia, manufacturing facility - the largest Volvo Group plant in
APM Terminals wraps up $73M rail expansion at Port of Los Angeles APM Terminals has completed a $73 million upgrade of its Pier 400 terminal at the Port of Los Angeles, effectively doubling its capacity, the company has announced. The project added 31,000 linear feet of new track, enabling a 104% increase in rail moves since 2023. On a weekly basis, the terminal has gone from 5,000 rail lifts a week to 11,000, making it one of the busiest among U.S. ports. "Thi
French container ship first major carrier to exit Strait of Hormuz A French-operated container ship became the first vessel of a major liner to exit the Strait of Hormuz since Iran asserted control of the gateway to the Persian Gulf. The 5,500-TEU CMA CGM Kribi crossed the narrow passage Thursday on its way out of the Persian Gulf. Online tracking showed the ship broadcast an "owner France" identification message. It's unknown what terms the liner company agreed
C.H. Robinson waives fuel card fees amid rising diesel costs The Iran conflict is driving higher energy prices and pushing diesel costs sharply higher at the pump. Freight brokerages are responding. C.H. Robinson ( NASDAQ: CHRW ) announced Wednesday it is offering free discount-fuel cards and free cash advances for fuel to help its network of contract carriers weather the spike. Diesel prices paid at the pump rose sharply higher in recent weeks, with the n
Fleet buying stays hot as Class 8 recovery gains momentum North American Class 8 truck orders remained strong in March, signaling continued momentum in the commercial vehicle market despite a pullback from February's surge. Preliminary Class 8 net orders totaled 38,200 units in March, down 19% month over month but still up 137% year over year, according to FTR Transport Intelligence. ACT Research reported similar results, estimating 37,200 units, up 126
Truck transportation jobs running at an 8-year low: BLS There haven't been this few workers in the truck transportation sector of the Bureau of Labor Statistics' employment data since the end of 2017. That doesn't mean there might not have been fewer total workers in trucking at other times, because the monthly BLS data has holes in it, like independent owner operators. But for the base number-employees in truck transportation-the March figure of 1,46
When the safety net becomes the risk A small trucking company you have never heard of is probably insured right now by an entity you have never heard of, financed through a trust and surviving on cash advances from a factoring company that holds a blanket lien on everything it will ever earn. That carrier may have a safety score in the gutter. The officer listed on the FMCSA registration may control a dozen, even hundreds of other c
Rubio: China 'bullying' Panama by detaining ships U.S. Secretary of State Marco Rubio on Thursday charged China with 'bullying' by holding up Panama-flagged ships at its ports. Panama earlier accused Beijing of retaliation after it seized control of terminals run by a Hong Kong company at ports near the Panama Canal. The detentions for short periods of time involve dozens of Panama-flagged vessels. The country maintains the world's largest regis
What your fleet can do about $5.40 diesel fuel today The United States is the most energy-rich nation on the planet. We pump more crude oil than any country in the history of the industry, 13.6 million barrels per day last year, according to the U.S. Energy Information Administration, an all-time record. We sit on the Permian Basin, the Eagle Ford, the Bakken, the Marcellus. We export liquefied natural gas to countries that would freeze without us.
Contract premium shrinks as truckload market reprices higher Shippers watching their routing guides and budgets face a new reality in 2026: costs are climbing even as volumes lag. That's according to the latest quarterly U.S. Bank Freight Payment Index - Rates Edition. The report, produced in collaboration with DAT Freight & Analytics, showed a freight market where pricing power is shifting toward carriers through capacity discipline rather than surging de
Two solid 'yes' votes for Echo Global's acquisition: Moody's and S&P Two debt ratings agencies have given a vote of confidence in Echo Global Logistics' recent acquisition of ITS Logistics. Neither Moody's nor S&P Global Ratings changed their debt rating on Echo Global, which is privately-owned but does have publicly-traded debt. But the outlook on Echo Global from both companies was increased to positive from stable, which can often be a precursor to a ratings in
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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