Spirit of Toulouse: Daggerboards as well as rotor sails The world'a largest wind-propelled RO/RO, LD Armateurs Spirit of Toulouse was in the news last month when its six Norsepower rotor sails were installed in China, making it also the vessel with
Thoma-Sea awarded $350M contract to build AMHS Tustamena replacement ferry A long-running ferry procurement program has reached a milestone. On October 1, Thoma-Sea Constructors of Houma, La., was formally awarded the contract to build the replacement for the Alaska Marine Highway System's
Glovis America in major Port Tampa Bay expansion Hyundai Glovis's Irvine, Calif.-based third-party automotive logistics subsidiary Glovis America has secured a long-term agreement with Port Tampa Bay, Fla., that will see it gain approximately 32 additional acres of berth-adjacent property,
VIDEO: Kongsberg Maritime unveils the Arctic Hunter USV Designed In response to the U.K. Royal Navy's development of its hybrid fleet of crewed and uncrewed assets, the just-unveiled Arctic Hunter USV combines proven commercial ship design with Kongsberg Maritime's remote
Viking wins EUR 23.8M contract to build seven high-speed patrol vessels Esbjerg, Denmark-headquartered Viking Life-Saving Equipment reports that, through its Greek subsidiary, Viking Life-Saving Equipment Hellas, it has signed a EUR23.8 million contract, to supply seven new high-speed patrol vessels to the Hellenic
Fairbanks Morse Defense completes acquisition of Truflo Marine Fairbanks Morse Defense (FMD) reports that it has finalized its acquisition of Birmingham, UK-based Truflo Marine from IMI plc. Truflo's solutions include high integrity valves, actuators, and pressure reducing stations for submarines
Maersk reinstates Rhine terminal charges amid renewed low water Maersk has reinstated contingency surcharges for cargo moving through the Bonn and Andernach inland terminals as renewed low water conditions disrupt barge operations on the Rhine. The carrier has also updated its Low Water Surcharge for barge transportation serving selected inland terminals in the Netherlands. All three measures apply to inland movements from 3 November 2026 and will remain in p
Hapag-Lloyd and Inmarsat Maritime: a case study in connected shipping Hapag-Lloyd, the world's fifth-largest container carrier, operates 300 vessels on 133 liner services, transporting 13.5 million twenty-foot-equivalent units a year between 600 ports worldwide. Given the scale and complexity of these operations, every decision affects thousands of containers per vessel - with the consequences of any misstep felt throughout the supply chain. The company's proactive
Gulftainer launches bonded corridor linking Fujairah and Sharjah Gulftainer has launched a new bonded logistics corridor connecting Fujairah Terminal with Sharjah Dry Ports in Sajaa, United Arab Emirates, expanding inland cargo movement options between the two locations. The service allows customers to move cargo under customs bond from Fujairah to Sharjah, where customs clearance can take place. It is designed to simplify cargo handling and provide an alterna
How the container glut will reshape shipping's balance of power The global container fleet is about to grow faster than at any point in its history as new analysis from Sea-Intelligence found showing capacity rising from today's 34 million TEU to 40 million by mid-2028 and 50 million by the third quarter of 2030
MSC Baltic III wreck removal reaches 84% Salvage teams have removed approximately 84% of the MSC Baltic III wreck from Cedar Cove in Newfoundland and Labrador, according to the Canadian Coast Guard. Resolve Marine has removed 9,282 tonnes from the grounded container vessel as dismantling work enters its final stages. The vessel's bow section has been brought fully ashore, dismantled and removed from the beach. This phase included the re
SOHAR Freezone signs six land-lease agreements SOHAR Freezone has signed six land-lease agreements at the investment signing ceremony organised by the Public Authority for Special Economic Zones and Free Zones. Together the projects represent more than USD 163 million in planned investment across over 440,000 square metres, spanning automotive and advanced industries, transformer manufacturing, medical devices, textile reuse and specialised l
chainPORT focuses on moving AI from pilot projects to scaled port deployment Representatives of leading ports gathered in Tangier, Morocco, on 29 and 30 October for the 11th chainPORT Annual Meeting, hosted by Tanger Med. Participating ports included Hamburg, Los Angeles, Tanger Med, Antwerp-Bruges, Barcelona, Busan, Gothenburg, Rotterdam, Shanghai and Singapore. Discussions centred on how artificial intelligence is moving from pilot projects to practical use in port envi
Sharjah Dry Ports reports record TEUs in a single month Gulftainer has rebranded its flagship inland facility in Sajaa as Sharjah Dry Ports (SDP), a name that reflects the site's wider role as a gateway for the Northern Emirates. The facility serves manufacturing zones, distribution hubs and regional trade corridors, with last-mile connections to Sharjah, Khorfakkan Port and beyond. The announcement coincides with a record: SDP handled 150,000 TEUs in
Lloyd's Register and MAWANI sign agreement on Saudi port development Lloyd's Register (LR) and the Saudi Ports Authority (MAWANI) have signed a three-year Memorandum of Understanding (MoU) to support the development of Saudi Arabia's maritime and port sectors. The agreement focuses on port operations, digitalisation, sustainability, safety and professional training. Both organisations will explore opportunities to improve port management and strengthen maritime se
Explainer: Maersk's bet on every corridor A 26-ship order shows how the Danish group is turning a disrupted year's earnings into positions built to outlast the disruption
Port of Rotterdam appoints Director Bulk & Port services Kevin van Drongelen took up the post of Director Bulk & Port Services at the Port of Rotterdam Authority on 1 November. He is responsible for the continued development of Rotterdam's bulk sector and maritime services, and succeeds Danny Levenswaard, who became Vice President Commercial at SOHAR Port on 1 September. The Port of Rotterdam Authority is a co-shareholder in SOHAR. Van Drongelen brings
Why the coming shipbuilding delivery crunch favors China's strategy over America's The global shipbuilding orderbook is now three and a half times its 2020 size, but yard capacity has grown by only 30%
Evergreen's EVER EON completes first Suez Canal transit Evergreen's 16,556-TEU containership EVER EON transited the Suez Canal on 8 November, marking a significant step in the carrier's gradual return to the waterway after nearly three years of disruption linked to the Red Sea crisis. According to the Suez Canal Authority (SCA), the 369-metre-long vessel passed through the canal while travelling from the Netherlands to Singapore. EVER EON operates on
Container News attends SK Congress maritime conference in Athens Container News participated as an official Media Partner in the international maritime conference "Shipping at the Historic Turning Point of 2030", organised by SK Congress on 5 November 2026 at the InterContinental Athens. The event brought together shipping executives, industry professionals, institutional representatives and experts to discuss the challenges and developments shaping the future
Hai An prepares to take over 2,702 TEU Green View Hai An is preparing to take over the 2,702 TEU container vessel Green View before deploying the ship on a regional service connecting Vietnam, China and Thailand. A team of 19 officers and crew members is scheduled to travel from Hai Phong to Ho Chi Minh City on 9 November. The team will board the vessel on 10 November and begin the formal takeover and operational familiarisation process. The han
Readers Speak: Smarter planning leads AI priorities at container terminals As artificial intelligence becomes an increasingly prominent topic in port technology, the question of where it can deliver the greatest operational value is gaining importance across the container shipping industry. In its latest Readers Speak poll, Container News asked readers: "Where can AI make the biggest difference in container terminals?" The results revealed a clear preference for smarter
CMA CGM updates surcharges across Africa and Canada outbound trades CMA CGM has announced new and revised freight surcharges covering several trade routes connecting Asia with Africa, as well as shipments from Canada's West Coast to the Indian Subcontinent, Middle East Gulf and Red Sea. The adjustments include Peak Season Surcharges (PSS) on selected African routes and a Rate Restoration Initiative (RRI03) for shipments originating from western Canada. Implementa
Splash Crew launches to put seafarers at the heart of maritime news Splash Maritime Group has unveiled Splash Crew, its latest specialist news platform, with the ambition of becoming essential daily reading for seafarers, crewing professionals, shipmanagers, regulators and maritime technology companies worldwide. The new publication builds on Splash's longstanding commitment to championing seafarers and examining the human side of an industry responsible for movi
COSCO unveils massive supertanker fleet push Chinese tanker giant COSCO Shipping Energy Transportation has unveiled a sweeping fleet expansion involving 24 VLCC newbuildings, signing contracts worth RMB9.48bn ($1.42bn) for ten supertankers and lining up another 14 through long-term bareboat charters. The Shanghai- and Hong Kong-listed owner disclosed the deals on November 9, with its wholly owned subsidiary Hainan Cosco Shipping Energy ...
RCL adds $213m boxship pair to growing orderbook Thailand's Regional Container Lines (RCL) has added another two neo-panamax containerships to its expanding newbuilding programme, committing around $213m for a pair of 9,200 teu vessels. The Bangkok-listed carrier has lined up the ships for delivery in 2030 and 2031, with the contract valued at approximately $106.5m per vessel. The shipyard behind the latest order ...
PowerChina picks up trio of offshore wind contracts PowerChina's East China Engineering Institute has secured three offshore wind survey and engineering design contracts in China worth a combined RMB124.23m ($17.5m). The awards cover the 308MW China Resources Xiangshui H3-2 project in Jiangsu province, the 302.4MW China Resources Daishan No. 2 development in Zhejiang province and CGN New Energy's 396MW Shengsi No. 1 project, ...
Sinopec awards offshore platform and pipeline contract in China Chinese energy giant Sinopec has awarded an engineering, procurement and construction contract for the Weizhou oilfield expansion in the Beibu Gulf, involving a new offshore processing platform, subsea pipelines, and fibre-optic cables. The contract was awarded to a consortium comprising Sinopec Petroleum Engineering Design and Sinopec Shengli Oil Construction. The package covers detailed enginee
DOF wins more AHTS work offshore Canada Norwegian offshore vessel owner DOF has secured a contract extension for its anchor handling tug supply (AHTS) vessel Skandi Mariner, which is working offshore Canada. The company said an option under the vessel's existing charter had been exercised, extending its firm employment from the second quarter of 2027 until the third quarter of 2028. The ...
A.E. Nomikos adds Oshima kamsarmax to fleet renewal drive Greek dry bulk owner A.E. Nomikos Shipping Investments has returned to Japan's Oshima Shipbuilding for a kamsarmax newbuilding, continuing its fleet renewal programme with a vessel scheduled to join its fleet towards the end of the decade. The Piraeus-based company confirmed the contract was signed with Sumisho Marine involved in the deal. Shipbroking sources have ...
A2B-online turns to China for methanol-ready boxship pair Dutch shortsea container operator A2B-online has ordered two more methanol-capable vessels at China Merchants Industry Weihai Shipyard, doubling its fleet renewal programme to four ships. The latest contract marks a switch to China after the company booked its first two newbuildings at Turkey's Sedef Shipyard in 2023. The Chinese pair will feature multi-fuel methanol propulsion, ...
Tende Energy hires rig for drilling work offshore Tunisia Offshore drilling contractor Ocean Oilfield has secured a contract from Tende Energy to deploy its Ocean MVM jackup rig for a drilling campaign offshore Tunisia. The rig will be used for the Abiod well programme on the Maâmoura concession in the Gulf of Hammamet, targeting a previously undeveloped fractured carbonate reservoir. The Ocean MVM jackup ...
Boluda buys Dutch offshore towage specialist Spanish towage giant Boluda has acquired Dutch offshore towage and heavy transport specialist Muller Dordrecht, adding 16 tugs and eight barges to its growing global fleet. The takeover gives Boluda full ownership of the century-old family business, whose fleet includes seven offshore tugs specialising in complex marine transportation, rig moves, anchor handling and offshore wind ...
Hunter's VLCC charter dispute balloons to $86m Norwegian shipping investment company Hunter Group's long-running dispute with a VLCC charter counterparty has escalated further, with unpaid hire now exceeding $86m after the largest monthly shortfall reported since the row began. The Oslo-listed company disclosed on Monday that its counterparty paid approximately $18.62m less than the amount due for October, marking the eighth consecutive ...
Ravi Mehrotra returns to shipyards with $470m VLAC order Ravi Mehrotra's Foresight Group is returning to the newbuilding market after a decade-long absence, with the London-based shipowner linked to a $470m order for four very large ammonia carriers (VLACs) at South Korea's HD Hyundai Heavy Industries. The 90,000 cu m vessels are scheduled for delivery across 2029 and 2030, according to shipbroking sources, marking ...
Leon Shipping makes dry bulk debut with Hengli order Greek shipowner Panos Efthimiadis is making his first move into dry bulk shipping, with his Leon Shipping & Trading linked to a kamsarmax newbuilding at China's Hengli Heavy Industries as its orderbook grows to five vessels. The Athens-based company has also been linked to two LR1 product tanker newbuildings, adding to a pair of 50,000 ...
Danang greenlights $288m Chu Lai shipping channel Vietnam's central city of Da Nang has approved a VND7.585trn ($288m) shipping channel project designed to open the Chu Lai port complex to vessels of up to 50,000 dwt. The Cua Lo project will establish a 6.58 km access channel, 140 m wide and dredged to 13.2 m below chart datum, serving the Tam Hiep ...
Lila Global adds third vintage LNG carrier with Diamond deal Lila Global, GMS's shipowning arm, is expanding its presence in the ageing LNG carrier market, adding its third LNG carrier since September. While the first two acquisitions were steam-powered vessels, the latest addition features a dual-fuel diesel-electric (DFDE) propulsion system. The first vessel to join the fleet was the 2003-built, steam-powered Castillo de Villalba, renamed ...
Notorious dark fleet VLCC ends colourful career on Bangladesh's beaches One of the world's most notorious dark fleet VLCCs has closed a chapter in its history under its last and final name, Era, at the Chattogram shipbreaking yard. At the beginning of the summer, Splash reported that a rusty, 333 m long crude oil tanker with one of the more colourful recent histories in the ...
Black Sea shipping reels from fresh attacks and record insurance costs The Black Sea has experienced another violent weekend, with Russia claiming fresh strikes on merchant ships, human remains discovered aboard a damaged tanker in Bulgaria and war-risk insurance premiums reaching an extraordinary 20% of hull value. Russia's defence ministry issued a succession of statements over the weekend claiming to have attacked commercial vessels carrying military ...
Hormuz suffers weekend of fire Merchant shipping has been caught in an extraordinary escalation of the war around the Strait of Hormuz over the past 72 hours, with tankers set ablaze, the US military bombing a bulk carrier, fresh Iranian warnings about naval mines and explosions reported along Iran's southern coastline. The most dramatic American action came on Saturday when ...
Record supply growth pushes container fleet towards 50m teu by 2030 The global containership fleet is heading towards an unprecedented 50m teu by 2030, setting the stage for a potentially devastating oversupply crisis and enormous downward pressure on freight rates. New analysis from Sea-Intelligence shows the fleet expanding from today's 34m teu to 40m teu by the second quarter of 2028 and 50m teu by the ...
Meyer Werft sets up offshore business to handle $2.8bn converter orderbook German shipbuilding group Meyer Werft is setting up a dedicated offshore business to manage its growing involvement in North Sea converter platform construction. The new company, Neptun Offshore, will bring together the group's offshore converter activities and hold its 50% stake in Neptun Smulders Offshore Renewables (NSORe), a joint venture with Belgian steel construction specialist ...
ADES bags $117m ONGC drilling contracts for jackup duo Saudi offshore drilling contractor ADES has secured two three-year contracts from India's Oil and Natural Gas Corporation (ONGC) worth a combined SAR439.6m ($117.2m). The awards cover the standard jackup rigs Key Singapore and Admarine 10, with each unit securing a firm three-year drilling assignment in Indian waters. ADES said the contract value includes mobilisation fees ...
ADNOC Drilling chosen for $315m Kuwait offshore rig deals ADNOC Drilling has been selected for two offshore drilling rig contracts in Kuwait with a combined maximum value of KWD96.55m ($315m). Kuwait Oil Company awarded the two contracts to the Abu Dhabi-listed drilling contractor after ADNOC Drilling submitted the lowest compliant bids, meeting the technical specifications and other requirements. The maximum combined contract cost is ...
Banks step up pressure on Havila Shipping over $78m debt dispute Norwegian offshore vessel owner Havila Shipping is facing renewed enforcement action from three major banks seeking to establish security liens over the company's assets in connection with a long-running debt restructuring dispute. DNB, Swedbank, and Danske Bank have submitted a new request for attachment liens covering NOK779m ($78m), comprising NOK713m in principal and approximately NOK65m ...
Hong Kong Market Report 2026 Splash's latest Hong Kong magazine provides an in-depth examination of one of the world's most important maritime centres, assessing the city's competitive position, evolving strengths and challenges in an increasingly complex global shipping landscape. Drawing on exclusive interviews with leading shipowners, financiers, maritime executives, government officials and industry specialists, the maga
What future course of Hormuz shuttle trade means for crude and products Pondering the end of the Hormuz shuttle trade may be premature, but given sentiment after the midterms, the focus has...
The Daily View: China's maritime strategy is about more than building ships
Clarity, not perfection: What shipping needs from the IMO Bunker sector leaders from CMA CGM, Shell Marine and IBIA discuss what the industry needs to see from the IMO...
StealthGas eyes $250m purchase of LPG carriers from Vafias family Independent directors have signed off on the deal but owner is also seeking shareholder endorsement
Two VLCCs signal Middle East from Venezuela as more shadow fleet tankers 'flip' Since February, three more VLCCs seem to have flipped from the shadow fleet in Venezuela to the compliant cargo lifters...
Agility 'increasingly valuable' in boxship trades, says GSL's Youroukos Vessel demand has grown even faster than underlying container volumes, according to Greek containership owner
East-west container volumes defy slowdown expectations in strong third quarter Stronger transpacific and Asia-Europe volumes point to resilient underlying demand, although returning Suez capacity could begin to loosen the market
China seeks more control over marine insurance, without withdrawing from the West Beijing's 17-point plan aims to hold more risk at home, but self-reliance is still far off
The week in newbuildings: VLCCs and containerships dominate activity Cosco confirmed newbuilding contracts for 10 VLCCs at two Chinese shipyards and has plans to lease a further 14 newbuilding...
Human remains found on vessel hit by drone Bulgarian authorities said the remains were found while wreckage was being cleared on the ship in Varna
Peace in the Middle East is no threat to VLGC trade, says John Hadjipateras Dorian LPG chief executive cites reduction in US loadings as 'most interesting' development after quarter of record spot rates
The Week in Charts: Crude tanker correction worsens in wake of US midterms | Black Sea shipping activity plunges as escalating attacks deter owners Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Port fee truce extended to January as Democratic sweep clouds US-China trade outlook Port fee truce extended, but new Democratic Congress could complicate any deal Trump strikes with Beijing
Daily Briefing Ukraine war risk insurance now 10 times more than Second World War Atlantic convoys | US strike on bulker marks...
CBP issues interim rule to heighten scrutiny of foreign importers Under the rule, which takes effect in early January, licensed customs brokers will be responsible for verifying that their overseas clients meet the qualifications of a US importer of record before filing entries on their behalf.
US retailers upgrade Q4 import forecast even as extended peak winds down The National Retail Federation said US ports in September ended up handling 2.37 million TEUs, making it the busiest month of 2026 and the third-busiest in the history of its Global Port Tracker.
China extends port fee suspension on US ships to January after USTR deferment The move followed a USTR notice Friday saying the agency would postpone port fees on China-built or -controlled ships calling at US ports for two months starting Monday.
Falling US truck orders cast doubt on truckload capacity recovery Soft demand and upcoming truck emissions regulations are weighing on motor carrier purchasing decisions, despite higher trucking rates.
Wilhelmsen family proposes bringing Royal Caribbean share sales to $335m in less than a week Investment firm created by cruise giant's Norwegian co-founder will still own a nearly $5.2bn stake after sale
DHT Holdings ups newbuilding tally as it tops analysts' earnings bets Guidance for current quarter keeps rising to $579,900 per day, up from $509,100 a month ago
Richard du Moulin retires as chairman of Pangaea Logistics Replacement not yet identified for former Marine Transport Lines owner and Intertanko chairman
Two more tankers possibly test Russian diesel waiver as another veers from US One Eastern Mediterranean Maritime vessel heads to predicted US Atlantic Coast destination while another appears to change course
Safe Bulkers boosts dividend for third consecutive quarter in strong freight market US-listed shipowner posts highest quarterly profit reading in four years
US giant Fidelity becomes second-largest holder in Scorpio Tankers Investment firm lifts take to 7.8%, from 5.1% in August
New York hedge fund manager reports $300m stake in Golar LNG Luxor Capital Group controls 7% of Tor Olav Troim-led floating LNG infrastructure company after increasing stake
Middle East mayhem boosts MOL bulker, tanker and container ship profit But chemicals, gas and car carriers disappoint
Iino Lines doubles down on investment in TMV venture capital fund Venture capital firm's co-founder says Japanese shipping company brings commercial partner to portfolio
Andreas Sohmen-Pao's stake in Cadeler back above 30% after UK move Reduction in shares after redomiciliation lifts stake
Middle East mayhem boosts MOL bulker, tanker and container ship profit But chemicals, gas and car carriers disappoint
Teekay Tankers returns to MR tankers after a decade away Pacific Carriers takes advantage of rising tanker asset values by cashing out on two ships
BYD steps into the marine energy storage spotlight with Hoegh Autoliners contract Norwegian shipowner reveals plans to install Chinese tech giant's solutions in newbuildings
Cosco strikes for 24 tankers in VLCC newbuilding spree Chinese giant orders 10 LNG-ready VLCCs and bareboat charters 14 newbuildings from leasing companies
'Tanker bonanza': Hansson whets appetite for NAT dividend after bumper deals Hansson says company poised to pay 'healthy dividends' in the third quarter
China extends port fee reprieve for US-linked ships into next year January deadline still leaves uncertainty hanging over shipping
Global Ship Lease locks in $3.4bn backlog as charters underpin profit Container ship owner secures charter coverage stretching into 2029
Pelagic Credit breaks into crude tankers via $30m deal with Swiss trader Two suezmaxes will be chartered to Geneva-based firm
Seanergy Maritime tied to modern capesize buy in all-Greek deal One pure-play capesize firm is reportedly selling a vessel to another
Trump to meet Qataris as oil markets believe Iran deal is closer President claims Strait of Hormuz naval escorts are not expensive and that the US will be paid back
Clarksons Capital sets up new company for investors to buy fast supply ships Norwegian vehicle controlled by Maritime Yield Co snaps up offshore duo
Serial buyer Boluda strikes second takeover in two weeks Expanding Spanish group to snap up Dutch operator Muller Dordrecht
Sinogas Maritime linked to purchase of two drone-hit LNG carriers One vessel is still undergoing repairs
Sale of drone-hit LNG carrier pair linked to Sinogas Maritime Repairs remain ongoing on one of vessels
Martinos cashes in as Middle East buyers chase prompt tanker tonnage Aframax built in 1999 fetches a prices six times above its demolition value
Asyad and MOL offload joint-venture product tanker after price trebles Big profit for both companies with Greek buyer in the frame for LR2
RCL books $213m newbuilding order as profit surges Neo-panamaxes are due in 2030 and 2031
Shipping lawyer Lindsey Keeble chairs new Poseidon Principles advisory council WFW managing partner to oversee lenders' consulting body as push for net zero continues
Greek owner AE Nomikos sticks with Japan as it inks first bulker order in 12 years Company picks Oshima Shipbuilding for its debut kamsarmax newbuilding
Adnoc's XRG emerges as lead buyer for Energos Infrastructure Sales talks for the FSRU specialist are believed to be entering final phase
Joakim Hannisdahl's hedge fund divests tanker stocks in market sell-off Gersemi Shipping Fund continues to take a cautious stance
Shipbroker's delay ends in payment to settle discharge row, ITIC says Insurer explains how inaction led to deal with owner
Tanker stocks tempt as markets give Hormuz reopening deal just 36% chance this year Sell-off last week provides buying opportunity as disruption set to continue into 2027, brokers and analysts say
MOL-linked VLCC fails to sell, even in red-hot market Brokers suggest ship could still be sold after long-haul Venezuela to India voyage
Thenamaris linked to first LNG newbuildings in eight years Greek shipowner is believed to have booked two carriers worth close to $488m
Harry Vafias spin-off slashes share count for fourth time this year Bulker and tanker company struggling with $1 listing requirement on Nasdaq exchange
Cleaning up: Odfjell swings free tonnage into product tanker market Harald Fotland stresses chemical carrier specialist is not a clean products company, but there is money to be made
Hunter's unpaid VLCC charter bill rises to $86m in October Counterparty Mercuria pays $18m less for the month
VLCC start-up Volare will have $900m to spend on tankers, Fearnley says Investment bank starts coverage of Trafigura-backed owner with a buy recommendation
Singaporean owner tipped to bank huge profit after flipping VLCC Beyond Shipmanagement bought the vessel cheap at auction in early 2025
Wilh Wilhelmsen hires Clarksons for $20m share buyback Shipping group intends to purchase up to 220,000 shares
Pelagic Credit eyes equity raise to fund 'multiple transactions' Oslo-listed owner says share issue may be recommended by directors
Hunter's unpaid VLCC charter bill rises to $86m in October Counterparty Mercuria pays $18m less for October
UK Club to hike premiums at 2027 merger as complex claims jump Insurer blames rising costs of major casualties and personal injury claims
Morten Astrup's credit fund buys International Seaways and Golar LNG bonds Storm Bond Fund keeps 10% cash to seize opportunities in high-yield market
Truck enforcements widen to Maryland, DC as 128 drivers sidelined Federal and state trucking inspectors have expanded Operation Highway Shield into Maryland and Washington, D.C., conducting more than 1,000 commercial vehicle inspections and identifying hundreds of safety violations. The operations in Maryland and Washington, D.C., join recent enforcement agencies across the United States and Canada stepping up roadside crackdowns. In Maryland, the Federal Motor
Jacobs' 'playbook' will target new industry, to be determined Billionaire entrepreneur Brad Jacobs, who launched LTL carrier XPO and its later spinoffs, is turning to what he calls his "playbook" once again to seek out opportunities in a different sector. The sector? We don't know yet and he's not saying. In an eventful Monday morning for Jacobs, the current founder and CEO of building supplies provider QXO, which has been established in the past few years
Cosco profit rockets 81% as ocean freight revenue climbs in Q3 Cosco Shipping Holdings reported an 80.73% increase in third-quarter profit attributable to shareholders to approximately $2.58 billion, as revenue growth on major international shipping routes outpaced gains in cargo volumes. Profit more than doubled from the previous quarter, the China-based company ( 601919.SS ) said. Operating revenue rose 29.39% from a year earlier to approximately $11.34 bi
AI in Logistics: How to Get Real ROI, Not Just Hype The world of global trade is in constant flux, from shifting political landscapes to unexpected disruptions like drone attacks. In this dynamic environment, how can logistics professionals leverage AI to not just survive, but thrive? Adrian Smith, Co-Founder & CEO of Ripple, shares insights on navigating these challenges. Learn why bespoke AI solutions, tailored to your specific value stream, are
SELF-DRIVING Trucks Are HERE: Venti CEO Reveals US Fleet Operations Venti's CEO Heidi Wyle shares how their autonomous truck fleets are already running 24/7 in US intermodal yards. These self-driving solutions are recreating supply chain logistics, exceeding human productivity in controlled environments. Is this the future of freight movement? Venti Technologies is not waiting for over-the-road autonomy to arrive. The MIT-founded software company told FreightWave
Freight Demand Jumps 5% as Spot Rates Climb Freight demand is up nearly 5% week over week, and spot rates are still climbing. In this SONAR update, we break down tender rejections near 13%, rising van contract and spot rates, flatbed conditions and new LTL National Insights data. You'll also see where spot market conditions are strengthening, how LTL cost per hundredweight is trending by region, and what to watch as the market moves deeper
Asia-U.S. West Coast ocean container spot rates up 343% since start of Iran war, says Xeneta Global ocean container spot rates could fall 30% in 2027 as fleet growth outpaces cargo demand and more ships return to shorter routes through the Red Sea, according to Xeneta's latest ocean market outlook. The freight-rate intelligence provider also forecasts a 5% decline in long-term contract rates, with both projections comparing full-year 2027 averages against third-quarter 2026 levels. The f
DHL calls out air cargo contribution to 16% Q3 profit gain DHL Group recorded strong earnings growth during the third quarter, reflecting the continued resilience of global trade despite geopolitical headwinds, the ability to pass through rising fuel costs to customers and the targeting of high-margin industry verticals, such as healthcare and data centers. DHL, headquartered in Bonn, Germany,( XETRA: DHL ) reported revenue of $25.36 billion, a gain of 1
$11.4 million in NVIDIA hardware vanishes during shipment from California to Texas Six pallets of NVIDIA computer hardware worth a reported $11.4 million disappeared during a shipment from California to Texas. A truck collected the merchandise in Oakland on Aug. 29 for delivery to Fort Worth. Investigators reportedly tracked the vehicle through several extended stops before losing its trail in Southern California. The Oakland Police Department confirmed an ongoing grand theft i
What trucking can still get from a lame-duck Congress before Jan. 3 Every bill in Congress has an expiration date. For the 119th Congress, it's noon on Jan. 3, 2027. Anything that hasn't passed both chambers and reached the president by then dies, and the next Congress starts over with new bill numbers, new committee chairs and new math. After Tuesday, that math changed. Democrats won control of both the House and the Senate. Rep. Rick Larsen of Washington, the r
Bangkok airport cargo congestion frustrates freight forwarders Airlines, freight forwarders, importers and exporters are pressing Thai Airways to quickly correct a system breakdown in cargo terminals it operates at Bangkok's Suvarnabhumi Airport, which has resulted in costly delays for manufacturing supply chains, according to local media reports and logistics firms. Warehouse workers are having difficulty locating and processing shipments because the cargo
SONAR National Insights Expands With Flatbed and LTL Data SONAR expands National Insights to flatbed and LTL SONAR has updated the Truckload National Insights dashboard. It now runs on SONAR's new blended datasets and adds two new tabs: Flatbed and LTL. Users get a pre-built national view across modes, with no tickers to enter. Key takeaways Truckload National Insights now uses SONAR's new blended datasets. New Flatbed tab: rejections, volumes, fuel, sp
Latam Airlines dusts off Covid playbook to move cargo in passenger cabin Hail the return of the preighter. Latam Airlines is the first airline in four and a half years to operate a passenger plane with cargo loaded in the cabin. The South American carrier said it activated an Airbus A319 to deliver emergency aid from Quito, Ecuador, to the Galapagos Islands, which suffered flooding after being hit by heavy rains, and stored cargo in passenger seats in addition to the
Strike at Los Angeles-Long Beach port delayed as union contract talks continue Maritime employers and the union representing security watchmen at the ports of Los Angeles and Long Beach have extended their negotiating deadline to Nov. 20, postponing a potential strike at the nation's busiest container-port complex. The Pacific Maritime Association, which represents employers, and the International Longshore and Warehouse Union's Local 26 agreed to allow more time for bargai
Motive's new President on how its hardware puts it ahead in physical AI When Thomas Hansen went looking for his next job, he spoke with a string of frontier and vertical AI companies and asked each the same question: Would it have a moat, and would it still be around, in a year or two? He chose Motive, an AI platform that empowers the people who run physical operations with tools to make their work safer, more productive, and more profitable. Hansen joined in May as
BNSF Q3 earnings climb 19.3% as rail freight volumes rise BNSF's third-quarter earnings rose 19.3% to $1.73 billion as higher freight volumes and improved operating efficiencies helped offset increased fuel costs. The railroad's net earnings increased from $1.45 billion in the third quarter of 2025, parent company Berkshire Hathaway (NYSE: BRK-B ) reported. Railroad operating revenue climbed 14.7% to $6.87 billion, while car and unit volumes rose 3.9%,
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