TTB 2026 draws strong operator turnout despite headwinds Despite a challenging backdrop that included a partial federal government shutdown, severe weather, and several competing industry events, Marine Log's Tugs, Towboats & Barges (TTB) 2026 conference drew strong participation from across
Coast Guard announces new training center in Alabama The Department of Homeland Security (DHS) and the United States Coast Guard announced that its newest training center that will be opening in the state of Alabama. The Coast Guard announced the
Q&A: The case for quantum navigation at sea As GPS interference incidents continue to rise in key shipping corridors, concerns are growing about the maritime industry's reliance on satellite-based navigation. From spoofing events that have disrupted port operations to widespread
Three ships struck in new Strait of Hormuz attacks At least three ships have been attacked in the Strait of Hormuz since we last reported on the situation. UKMTO warnings indicate that all were struck by "unknown projectiles." Media reports identify
FMC monitoring Strait of Hormuz surcharges The Federal Maritime Commission (FMC) reports that it is closely monitoring the impact the current conflict in the Middle East is having on shipping conditions through the Strait of Hormuz. Under its
FRS Clipper launches new whale watching cat Emerald Clipper Seattle-headquartered ferry and excursion vessel operator FRS Clipper Inc. reports that Emerald Clipper, the new state-of-the-art whale watching catamaran that it ordered last year, was launched into the water, March 10, The
Logistec acquires Logistics Park Dubuque (LPD) marine terminal Montreal, Quebec-headquartered Logistec has acquired Travero's Logistics Park Dubuque (LPD) a multi-purpose marine terminal located in East Dubuque, Illinois, on the Upper Mississippi River. LPD is a 100-acre, multimodal, multipurpose terminal specializing
CBP seizes $1.7M of cocaine from "parasitic device" on containership hull U.S. Customs and Border Protection officers seized approximately 214 pounds (97 kilograms) of cocaine concealed from under a containership that arrived San Juan, Puerto Rico, Feb. 26. The estimated value of the
Cool Carriers takes delivery of first ship in new Snow class Limassol, Cyprus-headquartered Cool Carriers, the world's largest operator of specialized reefer vessels, has taken delivery of Snow Flower, the first of seven in a new series of Snow class reefers from Kitanihon
Freightos Weekly Update: Air rates continue to climb on Mid-East closures Very few vessels have passed through the Strait of Hormuz since the start of the war in Iran a week and a half ago. The closure is of global concern due to its stifling of oil tanker movements which is already slowing production and pushing oil prices up. The US International Development Finance Corporation announced a plan to insure vessel transits despite the security risk, though few carriers
Explainer: How global shipping Is financing China's navy without knowing it Every containership ordered from a Chinese Tier-1 yard is a commercial transaction and a naval subsidy simultaneously. The shipping industry processes them as separate decisions. Beijing does not
CMA CGM sets new FAK Rates from Indian Subcontinent to Europe and Latin America CMA CGM has announced new Freight All Kinds (FAK) rates for shipments from the Indian Subcontinent to Europe, North Africa, and Latin America. Indian Subcontinent to Europe and North Africa The new rates will apply from April 1, 2026, until further notice. Origins: North West India Pakistan South East India Sri Lanka Destinations: North Europe The Mediterranean Sea region North Africa Rates: US
Rotterdam's 2025 container performance reveals structural trade shifts Rotterdam's 2025 container figures point to a fundamental reorientation of global trade flows rather than cyclical fluctuation, with import growth accelerating while exports continue to decline and transhipment volumes contracting sharply. The results align with trends identified in the Port of Rotterdam Authority's 2026 Container Market Outlook, developed in collaboration with Xeneta analyst Pet
With no charterers, Marinakis outfit converts 8,800 TEU quartet to tankers Greek shipping magnate Evangelos Marinakis' Capital Maritime & Trading is reportedly changing orders for four 8,800 TEU container ships to Suezmax oil tankers, after being unsuccessful at sealing a charterer, according to Alphaliner today. The ships were originally contracted at South Korean shipbuilder HD Hyundai Samho in December 2025 for US$116.6 million each, and delivery was expected in 2028
APM Terminals Suape enters final construction phase APM Terminals Suape has received 28 fully electrified equipment units supplied by SANY, representing an investment of US$ 47 million and marking the transition into the final construction phase of what is set to become Latin America's first fully electrified port facility. The delivery enables the commencement of technical preparation phases ahead of the terminal's planned opening at the Governad
CNC introduces Emergency Fuel Surcharge for Intra-Asia shipping CNC Line will implement an Emergency Fuel Surcharge (EFS) for Intra-Asia shipments following a sharp rise in global fuel prices. Fuel markets reopened on 2 March 2026, but prices surged due to ongoing geopolitical tensions in the Near and Middle East. The increase has significantly raised bunker costs across ocean transport. Surcharge Details The new surcharge will take effect on 16 March 2026 (
CMA CGM announces PSS for Oceania-Mediterranean and Asia-West Africa Trades CMA CGM has introduced new Peak Season Surcharges (PSS) on several international trade routes to maintain reliable shipping services. Oceania to East Mediterranean A PSS will apply to shipments from Australia, New Zealand, Papua New Guinea, and Timor-Leste to Egypt, Syria, and Türkiye. Effective: April 3, 2026 Cargo: Dry and reefer containers Rates: USD 500 per dry container USD 1,000 per r
ONE expands stake in Poseidon Corp. to 48.9% Ocean Network Express (ONE) has signed agreements to acquire an additional stake in Poseidon Corp., the parent company of Seaspan Corporation, the world's largest non-operating owner of containerships. Once the transaction closes, ONE's total ownership in Poseidon will increase to 48.9%. The company first invested in Poseidon in 2023 as part of its long-term fleet strategy. The move supports O
Maersk updates emergency contingency surcharge for shipments to Middle East Maersk has announced changes to the Emergency Contingency Surcharge (ECS) affecting shipments from North America and Central and West Coast South America to key ports in the Middle East. The revised surcharge applies to cargo moving on the North America-Middle East trade (M3E) and the Central and West Coast South America-Middle East trade (B1N). According to the company, the updated ECS will appl
ONE introduces emergency fuel surcharge amid Middle East disruptions Ocean Network Express (ONE) has announced the implementation of an Emergency Fuel Surcharge (EFS) following operational disruptions linked to the ongoing security situation in the Middle East. The carrier said several of its services have been affected by the current conditions, with operations facing multiple constraints and contingency measures. The duration of these disruptions remains uncerta
Interview with Harrison Nguyen, Business Development Manager at RBS In this exclusive interview with Container News journalist, Antonia Saratsopoulou speaks with Harrison Nguyen, Business Development Manager at Realtime Business Solutions (RBS), about the company's latest developments in terminal operating technology. The discussion covers recent innovations within the TOPS platform, including advancements in Automatic Vessel Planning (AVP), digital twin capabili
SITC signs strategic cooperation agreement with Angang Lianzhong and Guangzhou Port SITC International Holdings has signed a strategic cooperation agreement with Angang Lianzhong Stainless Steel and Guangzhou Port Group to strengthen collaboration across industry, port operations and shipping logistics. The agreement was signed during a ceremony held in Guangzhou, attended by senior executives from the three organizations. Among those present were Yang Xianxiang, Chairman of SIT
Attack reported on three vessels in Strait of Hormuz The United Kingdom Maritime Trade Operations (UKMTO) has reported an attack on a cargo vessel in the Strait of Hormuz on 11 March 2026. According to the alert, the incident occurred about 11 nautical miles north of Oman. The vessel was reportedly struck by an unknown projectile, which caused a fire onboard. The ship requested immediate assistance, and the crew began evacuating the vessel. UK
HMM declares deviation for Middle East shipments HMM has announced a deviation for cargo linked to the Middle East region due to the deteriorating security situation around the Strait of Hormuz and nearby waters. The carrier said the outbreak of war and escalating hostilities in the area, combined with the targeting of commercial vessels and the de facto closure of key maritime routes, has created unsafe conditions for ships calling at ports in
From corridors to system: China's maritime strategy enters a new dimension A landmark dataset and two years of Red Sea crisis have exposed a fundamental shift in how Beijing deploys port power no longer along routes, but across a self-reinforcing global network
DP World launches carbon inset trial for ocean freight in Europe DP World has launched Insetify, a carbon inset trial for ocean freight forwarding customers in Belgium, Portugal, and Sweden. The program will start April 1, 2026. It aims to reduce customers' Scope 3 emissions across key European trade lanes. Carbon Credits for Ocean Shipments DP World will automatically apply carbon inset credits to qualifying ocean freight shipments. Customers that ship at
Carrier Transicold helps TITAN Containers switch to low-GWP refrigerants Carrier Transicold has secured an order from TITAN Containers in Netherlands for new container refrigeration units using low-global warming potential (GWP) refrigerants. The order includes OptimaLINE units designed for the R-1234yf refrigerant and NaturaLINE® units that use CO2 (R-744) as a natural refrigerant. Supporting Sustainable Refrigeration The OptimaLINE system supports multiple refrigera
MSC strikes 45-year deal for Nigerian box terminal Swiss shipping giant MSC Group has secured a 45-year concession to develop a new container terminal at Snake Island Port in Lagos as part of a broader push to expand infrastructure in West Africa. The deal was signed with Nigerian maritime and logistics company Nigerdock, while the engineering, procurement and construction contract has been awarded ...
d'Amico grows orderbook to 10 ships with latest MR2 order Italian product tanker owner d'Amico International Shipping (DIS) has expanded its newbuilding programme in China, ordering two additional MR2 tankers at Jiangsu New Yangzi Shipbuilding. The Milan- and OTCQX-listed company said its operating unit, d'Amico Tankers, has exercised options for the pair of 50,000 dwt vessels under a shipbuilding contract signed earlier this year. The ...
Venergy targets crude segment with suezmax newbuilds in China Greek shipowner Venergy Maritime is pressing ahead with its rapid fleet expansion, moving into the crude tanker sector with a reported order for suezmax newbuildings in China. Shipbrokers say the Piraeus-based company has lined up two firm 158,000 dwt vessels at Shanghai Waigaoqiao Shipbuilding, with options for two additional units. Splash understands the scrubber-fitted ships ...
Transpetrol tied to $230m LPG carrier order in Korea Belgian shipowner Transpetrol has been linked to a new order for two LPG carriers at South Korea's HD Hyundai Samho. The contract, worth about KRW340.2bn ($230.7m), was disclosed by parent group HD Korea Shipbuilding & Offshore Engineering, which described the buyer only as a European shipping company. Industry sources have since pointed to the Belgian ...
Panagiotidis lines up another Nasdaq shipowner with tanker spin-off Cyprus-based shipowner Petros Panagiotidis is preparing yet another US-listed shipping vehicle, this time carving a tanker out of Robin Energy. The Limassol-based owner said the board has approved a plan to spin off the company's tanker business into a newly created entity called AI Okto, which has applied for listing on the Nasdaq Capital Market. ...
The sudden cost of 'good enough' maritime weather forecasting Isabel Houghton, head of forecasting at Sofar Ocean, carries this important warning to shipping: getting weather predictions wrong when conditions are clearly severe, they hurt most when the outlook appears manageable. When the Baltic Klipper lost 16 containers off the Isle of Wight in December 2025, wave heights weren't particularly hazardous. What the crew faced ...
Viking Supply Ships adds modern AHTS in deal with Kistefos Swedish offshore vessel owner Viking Supply Ships has agreed to acquire a 2019-built anchor-handling tug supply vessel as it continues to expand its fleet of ice-class offshore ships. The Nasdaq Stockholm-listed company signed an agreement to buy the Maersk Maker from Christen Sveaas' investment firm Kistefos, which had previously agreed to acquire the ship from ...
Pangaea offloads ageing bulker US-listed dry bulk owner Pangaea Logistics Solutions has agreed to sell one of the oldest ships in its fleet as part of its ongoing renewal strategy. The Rhode Island-based company said in its quarterly earnings report it had penned a deal to dispose of the 2006-built panamax Bulk Xaymaca for $9.6m. Delivery to the unnamed ...
d'Amico refinances six tankers with $83m loan package Italian product tanker owner d'Amico International Shipping has secured $83m in new financing tied to six vessels in its fleet as it moves to refinance existing debt and extend maturities. The Milan- and OTCQX-listed company said its operating subsidiary, d'Amico Tankers, has entered into several new loan facilities linked to the ships. Margins on the ...
Multiple ships hit on day 12 of Iran war Ships willing to enter the danger zone continue to be struck in and around the Hormuz Strait on day 12 of the conflict between Iran and the US/Israeli coalition. The most severe attack today was against the Precious Shipping-controlled, Thai-flagged Mayuree Naree, which was struck by a projectile north of Oman in the strait, resulting ...
MOL buys into V.Ships France Japan's Mitsui OSK Lines (MOL) has taken a minority stake in V.Ships France while expanding a long-running partnership covering LNG vessels. The Tokyo-based shipping giant said it has acquired a 25% shareholding in the Nantes-based shipmanager through its subsidiary MOL Euro Energie. Parent company V.Group will retain the remaining 75%. Financial terms have not been ...
ONE raises Seaspan stake to nearly 49% as Yangzijiang invests $825m Singapore-headquartered liner Ocean Network Express is increasing its exposure to the world's largest containership lessor while new capital from shipbuilder Yangzijiang Shipbuilding enters the same investment vehicle. The shipping line, formed by Japanese majors MOL, NYK and K Line, said it has struck agreements to raise its ownership in Poseidon Acquisition Corp, the holding company ...
Beijing counters Panama's port takeover Behind closed doors, authorities in Beijing are taking action in response to Panama's decision to revoke Hong Kong-based CK Hutchison's running of two container terminals in Panama, and the subsequent handing over temporary operations to subsidiaries of the world's two largest containerlines, Mediterranean Shipping Co (MSC) and Maersk. In late January, Panama's Supreme Court annulled ...
UK scraps tariffs on offshore wind manufacturing imports The UK government will remove tariffs on 33 offshore wind-related industrial goods from April 1 through a new tariff measure, saving offshore wind energy manufacturers millions of dollars a year. The measure will enable British manufacturers to produce components at a reduced cost and allow reinvestment for clean energy sector growth. This investment in the ...
RWE to supply Munich Airport with offshore wind power Munich Airport and German utility RWE have signed a 10-year power purchase agreement, guaranteeing the airport 40GWh of electricity per year from a new offshore wind farm in the North Sea. The electricity will be supplied by RWE's Nordseecluster A offshore wind farm, which is currently under construction in the North Sea, around 50 km ...
SLB OneSubsea lands subsea systems EPC deal offshore Malaysia SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has been awarded an engineering, procurement, and construction contract by PTTEP's subsidiary PTTEP Sabah Oil. The contract expands SLB OneSubsea's role in delivering integrated subsea production systems (SPS) for PTTEP's deepwater portfolio offshore Malaysia and marks the third such award from PTTEP in ...
Jan De Nul to expand fleet with two cable trenching vessels Belgian marine contractor Jan De Nul will be expanding its fleet with two trenching vessels to support subsea cable installation and protection. The vessel will come with a new trenching support vessel equipped with a trencher, an ultra-modern subsea robot. Operated from the deck, the robot can bury cables up to five metres deep. The ...
Another outlet launches for container freight futures US financial services company Intercontinental Exchange will launch four container freight futures covering freight shipping routes between the US, Asia and Europe, indexed to the New York Shipping Exchange's (NYSHEX) freight indices (NYFI) price assessments. The contracts are expected to launch on April 7, subject to regulatory approval. ICE's US-denominated cash-settled container freight future
CMA Shipping switches from Stamford to Houston CMA Shipping, Connecticut's most famous shipping gathering, will head south next year to Texas. The event, founded in the 1980s in Stamford by the Connecticut Maritime Association, and subsequently taken over by Informa Markets, will move to Houston for the first time next year. Seatrade Maritime group director, Chris Morley, said: "Houston, with its thriving ...
IMO delay turns decarbonisation into discipline After member states voted a one-year pause on the Net-Zero Framework, shipowners and suppliers say decarbonisation has shifted from ambition to pragmatism. The latest installment from Maritime CEO's guide to shipping in the Year of the Horse. October 18 last year saw International Maritime Organization (IMO) member states vote for a one-year delay in the ...
Middle East VLCC indexes are still near peak but Atlantic rates are sinking As VLCC owners secure exceptionally high rates loading crude in the Red Sea and Oman, freight pricing is coming down...
Naval escorts would cap tanker transits at under 10% of normal volumes Naval escorts remain a political possibility rather than operational plan, but even if they did emerge a best-case scenario would...
Middle East port operational update: Wednesday, March 11 Traffic through the Strait of Hormuz continues to be severely disrupted, and many shipping companies are still avoiding transits due...
Stricken LNG carrier still afloat and drifting towards Malta The LNG carrier was struck by a drone boat in the Mediterranean last week on its way to Suez, the...
Gulf war risk premiums topping double-digit millions of dollars per trip US nexus tankers branded 'missile magnets'
Hapag-Lloyd and Seaspan forge ahead with methanol dual-fuel boxship conversion project The 2014-built Seaspan Yangtze has arrived at a Chinese shipyard for retrofit, following confirmation of planning for the dual-fuel conversion...
Port of Salalah attacked and operations suspended Videos show fire engulfing facilities at the port, which is home to two container terminals partly operated by APM Terminals
Shadow tankers divert to India after US green lights Russia imports The tanker fleet that operates outside the mainstream market has quickly taken advantage of the opportunity afforded by the US...
Red Sea tanker loadings rise as Aramco ramps up pipeline contingency Operating costs for liftings from the Middle East are expected to remain firm on the back of elevated insurance rates...
Ramadan observance may influence Muslim seafarer job performance Adjust work schedules and kitchen hours were possible, owners advised
Wan Hai Lines extends dual-fuel ready boxship orderbook in China Wan Hai Line's backlog of new ships now stands at 45 units totalling 437,500 teu, including ultra-large ships under construction...
The Daily View: The clock is ticking
Three seafarers missing in Middle East Gulf strikes The three vessels are thought to be owned by Star Bulk, MOL and Precious Shipping
Cosco suspends Balboa port calls amid escalating Panama dispute Cosco's exit hands Balboa's new operator a terminal but fewer ships to fill it
Daily Briefing China summons Maersk and MSC as Panama port row deepens | Fallout will ripple across globe amid Strait of Hormuz...
FMC says 'closely monitoring' carrier rate moves tied to Middle East war The agency in charge of enforcing US shipping law reminded the market that any change in ocean tariffs must come with a 30-day notice period prior to implementation so it can be reviewed.
Elevated US trucking rates get new boost from diesel gains amid Middle East war The average price for a gallon of diesel fuel rose 96 cents for the week ended March 9, according to the Energy Information Administration, the biggest seven-day spike since the agency began releasing the data in 1994.
Muted short-term impact on MPVs from Iran conflict, but longer-term risks rising Nineteen MPVs are stuck in the Arabian Gulf, while bunker costs have increased by $3 to $7 per ton of cargo as a result of the Middle East war, according to one vessel operator.
Maersk forced to ship fuel from US, Europe as Asia bunkers start to run dry With the flow of waterborne oil suspended in the Strait of Hormuz, reports out of China say suppliers are rationing fuel in anticipation of growing shortages, while bunkering centers such as Salalah in Oman are no longer able to fulfil orders.
Yangzijiang Shipbuilding pays premium for 10% stake in Poseidon CEO Ren Letian buys another 5% through private investment vehicle
Moscow makes hay as Trump tangles with mixed messages on Hormuz Iran's control of the Strait of Hormuz has made its foes wary of attacking the regime
IEA agrees biggest-ever strategic oil reserves release as tanker futures surge Market experts play down tanker impact of reserves release
Zim CEO's planned $20m share sale signals new era as Hapag-Lloyd deal looms Whether Glickman's share sale is a sign of leadership transition remains to be seen
JP Morgan orders suezmax tanker trio at Samsung Heavy Industries Newbuildings start to stack up for sector with around 40 contracted this year
Shockwaves spread through markets as Qatar LNG shutdown bites Energy majors declare force majeure to customers, gas prices climb and cargoes divert east
Union Maritime scoops four product tankers on term deals as rates rocket One-year fixes shoot up as Mercuria and Trafigura also pile in for MR tonnage
D'Amico International Shipping adds product tanker double to China orderbook Milan-listed owner also agrees to two more options
ALNG Trading is born as Awilco LNG shifts into a trading arena Former tanker man and CEO is looking forward to a return to dealmaking
MSC inks 45-year concession for Nigerian container port Group plans investments worth $1bn in Nigeria's infrastructure and logistics sector
Seafarers trapped on burning bulker as Thai ship attack shows 'no one is safe from the war' Precious Shipping says rescue efforts are underway
d'Amico International refinances six tankers at 'historically low' margin Italian MR specialist hails the strength of its financial structure after clinching new facilities
China's state shipping giants send VLCC flotilla to Red Sea for vital Saudi crude Big tankers head to the kingdom's Red Sea port to keep exports up
Stena scores a premium as Greeks take a second bite at suezmax sale Suitors have another go at 13-year-old crude carrier
Jan de Nul eyes 'huge' investment in Chinese trenching newbuilding Belgian owner also converting subsea ship for specialist cable-laying work
China's state shipping giants send VLCC flotilla to Red Sea for vital Saudi crude Big tankers head to the kingdom's Red Sea port to keep exports up
Minibulkers: Can you have too much of a good thing? Newbuilding broker behind more than 60 vessels concedes the coastal market needs to take a breather.
Clarksons expands shipping stock coverage as Omar Nokta rejoins bank Bank initiates equity research of Danaos, Dorian LPG, Flex LNG and Navios
Star Bulk ship holed in latest Middle East attack Third incident on Wednesday came a day after another ship controlled by the Greek owner made it through Hormuz
China summons Maersk and MSC amid rising Panama tensions Move comes days after CK Hutchison files a $2bn damages claim for 'illegal takeover' of terminals
Shipowner Petros Panagiotidis launches spin-off of a spin-off of a spin-off New outfit AI Okto to be listed on the Nasdaq as a pure-play tanker company
VLGC stocks downgraded as market faces 'challenging outlook' BW LPG and Dorian LPG cut to 'sell'
Trafigura boosts liquidity by $9bn as it manages 'heightened' market volatility Trader and shipowner says new European financing round was oversubscribed
Wallenius Wilhelmsen bolsters green offering with Equinor deal Bio-methanol agreement readies car carrier owner for newbuildings and net zero pilot service
US seizes cocaine found inside 'parasitic device' on ship hull Operation carried out as feeder vessel arrived in Puerto Rico
Record-breaking Minerva VLCC fixture collapses. Tanker immediately banks higher rate The Pantanassa will lift oil for South Korean refiner at $555,000 per day
MOL buys into V.Ships arm as part of management deal for new LNG carriers Japanese owner taking stake in French unit of ship management group
Frontline chief surveys Strait of Hormuz status and convoy potential Speaking to ABG Sundal Collier clients, Frontline CEO says too much oil moves for strait to stay closed
Star Bulk ship listing after being holed in latest Middle East attack Third incident on Wednesday came a day after another ship controlled by the Greek owner made it through Hormuz
Tanker and LPG stocks fall as Strait of Hormuz crisis rumbles on Frontline and BW LPG stocks drop in Oslo
Case weighs up acquisitions, AI in shipbroking and the human side of the war Clarksons chief executive discusses potential use of cash, a new star player and the situation in the Middle East
Trump threatens Venezuela-style drug boat attacks on Iran as mine-layers bombed Donald Trump threatens Venezuela-style drug boat tactics against mine-laying vessels
Precious ship hit by fire amid flurry of vessel attacks around Strait of Hormuz Thailand-flagged ship was heading east off Oman in the early hours of Wednesday
LPG carrier suffers dangerous cargo leak while berthed Video emerges of vessel being enveloped in vapour cloud while bystanders watch
Gulf shipping freeze extends despite Trump's tough talk Donald Trump threatens Venezuela-style drug boat tactics against mine-laying vessels
Ship burning in Strait of Hormuz after being struck while trying to escape Thailand-flagged ship was heading east off Oman in the early hours of Wednesday
Western Bulk target price raised as DNB sees opportunities in volatile markets Bulker operator maintained at hold rating
Container ship hit by projectile in new Strait of Hormuz attack A pause in shipping-related incidents never meant Iran would stop hitting vessels, JMIC warns
Chinese liner giant SITC on the hunt for container tonnage Hong Kong-listed group maintains bullish stance after posting profits of $1.22bn
Asian LNG buyers most exposed to loss of Qatari term supply, says Vortexa Data provider says South Korea, Singapore and Taiwan are the most vulnerable
A new playbook driving Chinese shipyards forward Fresh collaborations are helping Chinese shipyards to fill orderbooks, skill up and grow the domestic fleet
How China created the dominant global force in shipping and shipbuilding China is the world's largest exporter, and the nation accounts for 25% of global seaborne trade
When shipping investors feel invincible, the cycle is near its peak, warns veteran Chinese broker Strong returns may be concealing the seeds of the next downturn, JJ Wang warns
Lufthansa Cargo minimizes delays during pilot strike More than 80% of Lufthansa Cargo's scheduled flights will proceed on Thursday and Friday despite a planned strike by unionized pilots over pension and pay demands, Deutsche Lufthansa AG. Pilot union Vereinigung Cockpit called for a 48-hour strike at Lufthansa Airlines and the group's cargo airline over a change in a pension provision. Lufthansa said it will be able to operate more than 50% of its
Full enterprise sale of Forward Air 'unlikely,' report says A potential full-company sale of Forward Air may be off the table, according to a report from stock market news site Investing.com. The news sent shares of Forward 17% lower on Wednesday, outpacing declines of 2% to 5% from its public trucking peers. Forward Air launched a strategic review in January 2025 to explore all potential options for its assets, including the sale of part or all of the co
Are geopolitics fueling US rail freight gains? Total U.S. weekly rail traffic was 514,996 carloads and intermodal units for the week ending March 7, up 3.5% from the same week a year ago. Commodity carloads totaled 231,889 carloads, up 5.7%, while intermodal volume of 283,107 containers and trailers was better by 1.8% year-on-year, according to the Association of American Railroads data. Eight commodity groups improved y/y led by grain, up 16
Norfolk Southern to upgrade dozens of locomotives Norfolk Southern said it is accelerating the transformation of its motive power fleet and partnering with Progress Rail to upgrade 96 direct current (DC)-powered locomotives to alternating current (AC). Atlanta-based NS (NYSE: NSC ) said deliveries of the SD70ICC Tier 2+ AC units will begin in 2027 and be completed in 2029. Generally, AC delivers higher tractive effort at low speeds without wheel
Eight days to a CDL Recently, somewhere in New Jersey, a CDL school posted a testimonial that should have raised some questions. A driver from Hawaii picked up his commercial learner's permit on the islands, bought a plane ticket east, trained at the school from Sunday through Thursday, passed his skills test on Friday, and flew home Saturday morning. By that afternoon, he had a commercial driver's license and was l
ONE vessel in U.S. service attacked in Persian Gulf Ocean Network Express (ONE) confirmed that one of its container ships was attacked inside the Persian Gulf. The 6,700-TEU (twenty foot equivalent) ONE Majesty was hit while at anchor in the port of Sharjah, United Arab Emirates. It was one of three cargo ships hit Wednesday morning. The Japan-owned and flagged ONE Majesty operates on the WIN service between West India and the U.S. East Coast. It
US Navy won't escort strait shipping: Report The U.S. Navy won't provide military escorts in the Strait of Hormuz despite near-daily requests from the shipping industry, according to a published report. The Navy says that the risk of attacks is "too high," according to Reuters, and that it is unable to provide escorts for the time being. The Navy has held regular briefings with shipping and oil industry representatives. Shipping executives
UPS navigates Amazon draw down in hard pivot to premium services United Parcel Service's cost-reduction program is not shrinking the company, but rather positioning it for profitable growth as it navigates a glide down in Amazon volumes to chase higher-margin business than short-distance courier service, a top executive said last week. Analysts are giving UPS ( NYSE: UPS ) solid marks so far in executing the largest network consolidation in its history without
EXCLUSIVE: 10,000 ships crews trapped by Strait of Hormuz blockade Thousands of ships' crews and hundreds of vessels are trapped in the Persian Gulf as the war in Iran spread to the Strait of Hormuz shipping lane. Three cargo vessels in the region were hit overnight by projectiles of unknown origin, setting one vessel ablaze, according to a British security monitor. More than 10,000 merchant mariners and hundreds of ships are trapped in the Gulf, shipping execut
Mexico truck production plunges nearly 50% in February Mexico's heavy-vehicle industry posted sharp year-over-year declines in production, exports and sales in February, signaling continued weakness across the country's truck manufacturing sector. Mexico's National Institute of Statistics and Geography (INEGI) reported that 6,974 heavy vehicles were produced in February, a 49.1% decline compared to the same month in 2025. Exports also fell, with 7,84
They Grew Up Here, They Work Here - What the CDL Fight Over DACA Really Means for Trucking Before you can have an honest conversation about what's happening to DACA recipients in the trucking industry right now, you have to first be honest about what DACA actually is - because a lot of people are weighing in on this policy debate without a firm grip on the facts, and that confusion is doing real damage to how we understand both the human side and the business side of what's unfolding.
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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