NCLH names John W. Chidsey its new president and CEO Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) today announced that its board has appointed John W. Chidsey as president and CEO, effective immediately. He succeeds Harry Sommer, who is stepping down as
Senesco Marine awarded $78.6M contract to build next-gen DRBA ferry North Kingstown, R.I.-based Senesco Marine has been awarded a contract by the Delaware River and Bay Authority (DRBA) to construct and outfit a new diesel-electric hybrid passenger and vehicle ferry for the
ABS delivers new EMSA report on ammonia fuel safety An ABS-led consortium has delivered a new report on the safety of ammonia as a marine fuel commissioned and published by the European Maritime Safety Agency (EMSA). Other consortium members included the
CSM Energy takes delivery of newbuild PSV Cyprus-headquartered CSM Group member CSM Energy reports that it has taken delivery of its first managed newbuild PSV. Named CL SPEC Lisa, the vessel is the first large PSV in the SPEC
Thessaloniki Port Authority appoints new chief financial officer Thessaloniki Port Authority (ThPA S.A.) has announced a significant update to its executive management team. Narkisos Georgiadis has been appointed as the new Chief Financial Officer, with his tenure set to begin on February 16, 2026. Georgiadis joins the organization with a strong background in both international and domestic markets. He has previously held senior executive roles within various
Mixed global bunker market trends in Week 07 At the close of Week 07, MABUX global bunker indices continued to move in mixed directions, according to Sergey Ivanov, Director, MABUX . The 380 HSFO index rose by US$ 4.90, increasing from US$ 427.06/MT last week to US$ 431.96/MT. The VLSFO index also recorded a gain of US$ 9.86, climbing to US$ 520.07/MT compared to US$ 510.21/MT the previous week. In contrast, the MGO LS index declined by US$
Ryder reports solid Q4 2025 results Ryder System reported continued earnings growth in the fourth quarter and full year 2025, supported by its transformed business model and strong execution across core segments. The company said its strategic initiatives are delivering structural improvements and are expected to drive further earnings growth in 2026. Fourth quarter 2025 performance Ryder posted GAAP earnings per share from continu
Panama Canal and U.S. Grains & BioProducts Council sign MOU to boost agricultural trade The Panama Canal and the U.S. Grains & BioProducts Council (USGBC) signed a Memorandum of Understanding (MOU) to strengthen global trade of U.S. agricultural products. The agreement aims to improve efficiency, reliability, and sustainability of grain shipments through this vital trade route. Under the MOU, both parties will collaborate on joint market efforts, economic analysis, and trade and log
Euroseas secures 2-year charter extension for EM Spetses Euroseas Ltd., a container vessel owner and operator specializing in seaborne transportation of containerized cargo, has secured a new time charter contract for its 1,740 teu feeder containership, EM Spetses. The 2007-built vessel has been fixed for a minimum period of 22 months and up to 24 months, at the charterer's option, at a gross daily rate of $21,500. The new charter will begin on April 1
Deciphering the Chancay port strategic curve The Trump administration's direct warning that Peru is "losing sovereignty" over Chancay port marks critical escalation from previous surveillance-focused containment. A local judicial ruling exempting Chancay from Peru's infrastructure regulator Ositran oversight creates unprecedented regulatory vacuum-Chinese-owned strategic infrastructure operating outside national supervisory frameworks gover
DNV acquires Smarter Power Solutions to strengthen grid-connection expertise DNV announced the acquisition of Smarter Power Solutions, an Australian power systems engineering consultancy. The deal significantly strengthens DNV's position as one of Asia Pacific's leading independent global power grids consultancies. It establishes the company among the world's foremost centers of excellence in grid-connection engineering. Smarter Power Solutions brings a highly specialized
Rhenus opens new office in Abu Dhabi to expand UAE footprint Rhenus has expanded its presence in the United Arab Emirates with the opening of a new office in Abu Dhabi. The move supports the group's long-term growth strategy in the Middle East. The new office sits next to Abu Dhabi International Airport. This location places Rhenus close to major aviation and industrial customers. It allows faster response times and stronger operational support. The site o
GXO posts record revenue in Q4 and full year 2025 GXO Logistics reported record revenue for both the fourth quarter and full year 2025, supported by steady organic growth and strong new business wins. The company generated more than USD 1 billion in new contracts for the third consecutive year. These wins are expected to add USD 774 million in incremental revenue in 2026, up 20 percent year-on-year. Fourth quarter performance Fourth-quarter reve
LX Pantos acquires major logistics hub in Poland LX Pantos has acquired a large logistics center in Poland. The deal strengthens its footprint in Europe and expands support for Korean companies operating in the region. The acquisition forms part of a public-private partnership with the Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS No. 2 Fund. The transaction is valued at around KRW 216 billion. The site covers
OCEAN carriers and ONE to reduce exposure to tanking transatlantic trade The OCEAN Alliance and ONE are going to cut their transatlantic capacity as rates continue heading south. OCEAN, comprising CMA CGM, COSCO Shipping Lines, and Evergreen Marine Corporation, as well as ONE, have updated their Vessel Sharing Agreement (VSA) on the North Europe - US East Coast trade with the Federal Maritime Commission
Maersk's ASTRID MAERSK makes first Suez Canal transit The Suez Canal witnessed the transit of container ship ASTRID MAERSK on its maiden voyage through the waterway. The vessel is the largest Maersk container ship to transit the Canal in two years. Admiral Ossama Rabiee, Chairman of the Suez Canal Authority, announced the transit. The ship handled containers at the East Port Said container terminal. It bunkered environmentally friendly methanol befo
Maersk introduces PSS from Asia to India, Nepal and Sri Lanka Maersk has announced the implementation of a Peak Season Surcharge (PSS) covering shipments from a wide range of Asian origins to India, Nepal and Sri Lanka, effective 25 February 2026 and valid until further notice. The surcharge applies to cargo originating from China, Japan, Singapore, Malaysia, Indonesia, Vietnam, Cambodia, Laos, Thailand, Myanmar, the Philippines, Brunei, Hong Kong China, Ta
Danaos reports fourth quarter and full-year 2025 results Danaos Corporation reported unaudited results for the fourth quarter and year ended December 31, 2025, highlighting new financing transactions, fleet expansion, and a strengthened contracted revenue backlog. Financing developments included the placement of a $500 million senior unsecured bond on October 16, 2025, with a seven-year tenor and a coupon of 6.875%. On December 1, 2025, the company use
Hiab improves operating margin in 2025 despite lower sales Hiab reported a solid financial performance in 2025, despite a challenging market environment marked by trade tensions and economic uncertainty. The company recorded orders of EUR 1.48 billion, in line with the previous two years. Sales fell by 6 percent to EUR 1.56 billion, mainly due to weaker demand in the Americas. Even so, Hiab achieved a record comparable operating profit margin of 13.7 per
Maran Dry returns to newbuilds with capesize order at Hengli Maran Dry Management has re-entered the newbuilding market, lining up a series of capesize bulk carriers at China's Hengli Heavy Industry. The bulker arm of the Angelicoussis Shipping Group, led by Maria Angelicoussis, has contracted four firm capesize vessels at the Dalian yard, with options that could lift the series to six ships in its ...
Diana scores rate boost with NYK bulker deal Diana Shipping has secured improved employment for one of its post-panamax bulkers, fixing the 87,146 dwt Phaidra to Japan's Nippon Yusen Kaisha (NYK). The New York-listed Greek owner said the 2013-built ship has been chartered at $14,500 per day, minus a 5% commission, for a period running from a minimum of February 20, 2027, with ...
UK shipping warns ETS extension risks backfiring The UK shipping industry has stepped up its criticism of government plans to extend the UK Emissions Trading Scheme (UK ETS) to domestic maritime from July 1, 2026, warning that the policy could raise costs, hit island communities and undermine competitiveness without delivering meaningful emissions cuts. The Draft Greenhouse Gas Emissions Trading Scheme (Amendment) (Extension ...
AD Ports backs new dry bulk hub in Cameroon AD Ports Group has joined a 30-year concession to develop and operate a new dry bulk terminal at the Port of Douala in Cameroon, deepening its footprint in West and Central Africa. The Abu Dhabi-based operator is partnering with Africa Ports Development (APD) on the project, which will see a new terminal built at Cameroon's ...
Scorpio Tankers lifts Dalian LR2 order to four ships Scorpio Tankers has declared options for two more scrubber-fitted LR2 product tankers at China's Dalian Shipbuilding Industry Co, doubling its order at the yard to four vessels. The New York-listed owner revealed the move alongside its fourth-quarter 2025 earnings, confirming that the two option ships are priced at $68.5m each. Deliveries are scheduled for the ...
Leonhardt & Blumberg adds to MR tanker run at GSI Germany's Leonhardt & Blumberg is pressing ahead with its expansion in the MR tanker segment, placing follow-on orders at China's Guangzhou Shipyard International (GSI). The Hamburg-based owner has contracted the CSSC subsidiary for two additional 49,500 dwt chemical/product carriers, bringing its total orderbook at the yard to six. The latest deal follows a September 2024 ...
Prysmian buys Spanish subsea cable installation specialist for $200m Italian cabling giant Prysmian has acquired a Spain-based submarine cable installation specialist, ACSM. ACSM, based in Vigo, also undertakes subsea surveying, route planning, and seabed preparation activities. It operates in 60 countries and has over 350 employees. The transaction value is €169m ($200.6m), factoring in €24m ($28.5m) in capex for a vessel delivered to ACSM ...
Oldendorff lets go of two post-panamaxes Henning Oldendorff-led Oldendorff Carriers has joined the sales wagon, with sources telling Splash the German owner has offloaded two post-panamax units. The 115,000 dwt Pia Oldendorff (built 2013 at New Century) has been sold for around $19m, while the slightly older Peter Oldendorff (built 2012 at the same yard) changed hands for about $18m. These ...
Harbour Energy enters US Gulf with $3.2bn LLOG acquisition UK-based oil and gas producer Harbour Energy has acquired US exploration and production company LLOG Exploration for $3.2bn, marking the company's entry into the US Gulf of Mexico. The acquisition strengthens Harbour's global portfolio and establishes a new core business unit alongside Norway, the UK, Argentina, and Mexico. Through LLOG, Harbour gains a fully operated, ...
Hahn & Co sells 10 VLCCs from SK Shipping to Pan Ocean South Korean private equity giant Hahn & Company is selling 10 very large crude carriers operated by SK Shipping to Pan Ocean for KRW973.7bn ($694m). The deal, which transfers related long-term cargo contracts with major domestic shippers, is slated to close by April 11, 2027 and follows Hahn's 2018 acquisition of a controlling stake in ...
Saltchuk snaps up Great Lakes Dredge & Dock in $1.5bn deal Saltchuk Resources is expanding its US maritime footprint with a definitive agreement to acquire Great Lakes Dredge & Dock for $1.5bn in an all-cash transaction that takes the Nasdaq-listed dredging giant private. Under the deal Great Lakes shareholders will receive $17.00 per share, a 25% premium to the company's 90-day VWAP and a 5% premium ...
AF Offshore Decom wins FSU removal contract from Ithaca Energy Decommissioning specialist AF Offshore Decom has been awarded a contract by Ithaca Energy for the engineering, receipt, cleaning, dismantling, and recycling of an unnamed FSU from the UK sector of the North Sea. The vessel weighs approximately 24,000 tonnes and will be delivered to AF Environmental Base Vats (AFEBV) during 2026. According to the company, ...
Geneva Dry: 75 days to go There's just 75 days to go until the 2026 edition of Geneva Dry with delegate passes selling fast. Held at the Hotel President Wilson on the shore of Lake Geneva on April 28 and 29, the world's premier commodities shipping conference is readying for its most high calibre gathering to date with organisers anticipating up ...
A reality check on the seafarer crisis Henrik Jensen, the CEO of Danica Crewing Services, says we should avoid framing shipping as uniquely worse than other industries. The recent warnings from the World Maritime University about a looming global seafarer crisis deserve serious attention. Surveys suggesting that up to half of seafarers may leave the industry within five years cannot be ignored. ...
Flag state guidelines will add scrutiny but will not fix failing registers The IMO is considering how to stem the misuse of flags and deter fraudulent registration and fraudulent registries of ships...
Dry bulk market enters Chinese New Year on a strong stride The first quarter of the year is usually a tough one for dry bulk, but 2026 has begun fairly well...
Pan Ocean joins South Korea's VLCC buying spree with purchase of 10 secondhand tankers Pan Ocean has struck a Won973.7bn deal to buy 10 secondhand VLCCs from SK Shipping and will add two newcastlemax...
Hutchison warns APMT of legal action upon Panama ports takeover Maersk's terminal arm offered to step in and run the two ports temporarily if the supreme court decision is upheld
Wallenius Wilhelmsen scraps 31-year-old vehicle carrier in first disposal since 2020 Around 140 of the global 800-plus strong vehicle carrier fleet is now more than 25 years old
Ukraine war impact can be mitigated by best practice, says Skuld Practical measures can reduce risks from naval and aerial drone strikes, sea mines and SatNav interference
Limited 'swing' tonnage to support chemical tanker rates, says Odfjell Swing tonnage, mostly provided by MR tankers, is at historically low levels due to strong product tanker earnings
UK P&I Club maintains $500m war risks P&I limit 2026 renewal preserves existing war risks limits alongside exclusions relating to Russia, Ukraine and Belarus
Another idle Chinese shipyard springs back to life as capacity nears 2010's peak Strong demand and full berths at leading yards fuel wave of shipyard reactivations across China
The Daily View: Parallel lines
Effect of geopolitics on shipping poised to escalate, so 'buckle up' There are so many geopolitical 'black swans' in shipping that they might as well be white. Disruption is now the...
New Zealand LNG terminal plan signals opportunity for smaller gas carriers Gas imports could play a bigger long-term role in bridging the gap between renewables power generation in New Zealand's energy...
Daily Briefing Russia crude ban would cost marine underwriters hundreds of millions of dollars | Effect of geopolitics on shipping poised to...
Rapid pace of AI development suggests shippers should be patient Shippers would be wise to offload the pain of building AI proficiency to their logistics providers until the benefits become clearer.
New truckload capacity product provides another load board option for brokers The product launched this week by Triumph, called Capacity Intelligence, allows brokers to identify lanes where it needs a deeper pool of reliable carriers.
USDOT releases interim final rule on non-domiciled CDL holders The rule will likely mean a slow trickle of capacity exiting the trucking market, though the industry and analysts are split on the exact impact.
Scrapping strategy looms large in 2026 as carriers manage growing oversupply Downward pressure on rates is set to continue with just over 1 million TEUs of capacity via ships above 10,000 TEUs scheduled to be delivered this year.
DP World's financial partner hits pause over CEO's ties to Epstein La Caisse, a major infrastructure fund and co-investor with DP World, said it wants clarity from the ports operator about Sultan Ahmed Bin Sulayem's relationship with the convicted sex trafficker after messages between the two men became public this week.
Western Bulk declares its first dividend in three years after strong 2025 results Bulker operator has meanwhile been making moves to expand its business
Scorpio Tankers not ordering more VLCCs, says Robert Bugbee New York-listed owner let options expire in December before Sinokor-led VLCC frenzy ensued
Argentina LNG partners plan to green-light huge FLNG project in 2026 Abu Dhabi's XRG inks in on joint development agreement
Odfjell fielding plenty of enquiries on next green corridor Response to Europe-to-Brazil trade lane 'much bigger than we could possibly imagine', CEO Fotland says
Why shipping listings are relying on Oslo as US equity appetite wanes This week's Streetwise checks in on the finance focus at the Hellenic-American and Norwegian-American chambers of commerce at a shipping conference in frozen New York
GasLog Partners records write-down on last LNG steamship and TFDE trio Current liabilities outstripping assets as fleet continues to slim
Maran Dry orders up to six capesize bulker newbuildings at Hengli Heavy Industry Order marks the Greek company's first bulker newbuilding contract in almost a decade
Odfjell fielding plenty of inquiries on next green corridor Response to Europe-to-Brazil trade lane 'much bigger than we could possibly imagine', CEO Fotland says
Oldendorff-backed lender M&M Bank sees shipping loans soar amid high level of credit Niche bank says it has found a place in the competitive marketplace
Atlas and EMF confirm suezmax pair sale to Okeanis at 'record price' EMF made transactions worth $900m since 2022
Scorpio Tankers declares options for two more newbuildings in China Product tanker giant beats earnings estimates and ratchets up dividend for second straight quarter
Greeks drive capesize sales as S&P market shrugs off freight rate dip CM Lemos is tied to divestment of rare, Danish-built ship amid soaring prices for big, ageing bulkers
NYK bulker cuts emissions by two-thirds in world-first use of low-carbon methanol Japanese owner hails results from ultramax chartered by BHP
Russian crude volumes to China hit all-time high, says IEA Moscow's revenues continue to decline despite the rapid shift of its barrels from India to China
TotalEnergies seeks clarity on non-EU diversions of its Russian LNG But chairman and CEO Patrick Pouyanne says the company will remain a Yamal LNG shareholder
Pan Ocean strikes for 10 VLCCs from SK Shipping in $700m deal Hahn & Co, the owner of SK Shipping, has been seeking to sell the fleet since 2023
Angelopoulos family-led Metrostar accelerates container ship play Shipowner emerges as latest Hellenic company to bet on smaller boxships
Wilh Wilhelmsen warns of uncertainty as it banks less profit from car carriers Norwegian manager and investor says it retains capacity to grow its business
Pan Ocean strikes deal for 10 VLCCs from SK Shipping in $700m deal Hahn & Co, the owner of SK Shipping, has been seeking to sell the fleet since 2023
MOL buys into Indian venture capital fund managing $1.3bn of assets Japanese shipowner says country is one of its key regions for investment
South Korean yards face foreign labour squeeze amid LNG and maintenance boom Visa policy rethink and wage gap threaten competitiveness with China
Ten unfixed LNG newbuildings set to line up with 2026's record delivery haul Braemar nudges LNG shipping market rebalance into 2028 but also forecasts a slide into vessel deficit for the same year
Faster ship speeds drive Singapore bunker demand to all-time highs Tanker operators increasing vessel speeds to cash in on strongest freight rates for decades
Economou presses on with Performance takeover bid as some investors pull out Greek shipowner is keeping options open until September
Hamburg Commercial Bank transport loan book falls as lender targets shipping Global transportation portfolio falls to $3bn
Mercuria joint venture shipping first copper cargoes from Africa Swiss trader teams up with Gecamines in DRC for export deals involving the US and Middle East nations
South Korean yards face foreign labour squeeze amid LNG and MRO boom Visa policy rethink and wage gap threaten competitiveness against China
Offshore support vessel put on the auction block in Nigeria Court notice indicates that a bargain could be had by anyone with a spare Caterpillar engine lying around
OceanPal taps asset manager to make $133m cryptocurrency holdings 'work harder' Bulker and tanker owner reveals derivatives play with G-20 Group
Euroseas drives harder renewal bargain in strong market for feeder ships Greek owner extends charter for veteran ship for an extra $3,000 per day
BW LPG boss eyes 'significant' upside for gas carrier giants Kristian Sorensen says strong rates are set to support free cash flow
Mitsui & Co linked to container ship newbuildings at Samsung Heavy Industries The shipbuilder could be set to build the largest container ships in Mitsui & Co's fleet
Leonhardt & Blumberg stacks product tanker orderbook at Guangzhou Shipyard International The German owner has a total of six 50,000-dwt product tankers on order at the Chinese shipyard
Korean yards face foreign labour squeeze amid LNG and MRO boom Visa policy rethink and wage gap threaten competitiveness against China
Woolim Shipping linked to trio of new tankers at K Shipbuilding South Korean owner is said to be renewing fleet with small product carriers
Sanctioned shipowner blasts back at Indian smuggling claims after tanker arrests Dubai-based Jugwinder Singh Brar says two of his ships were assisting a third that had run low on bunkers
FedEx execs say InPost deal will boost European performance FedEx's decision to invest in InPost, a European e-commerce focused parcel carrier specializing in out-of-home last-mile delivery, will enable the U.S. integrated logistics giant to improve network utilization by outsourcing lower density B2C volumes to InPost, freeing capacity within FedEx's system to prioritize higher margin B2B volumes that are core to the company's growth strategy, executives
New threat as Panama port dispute escalates The former operator of container terminals at the Panama Canal threatened legal action after its contracts were voided by the country's Supreme Court. CK Hutchison Holdings Limited of Hong Kong ( 0001.HK ) in a release today said that it is reviewing its options after its Panama Ports Company (PCC) subsidiary was removed as operator of terminals at Cristobal and Balboa ports near the Panama Canal
Inside the Shadow Market: 200,000+ Trucking Crashes Without Guaranty Fund Protection In a $1 million settlement, James Richardson of Chicago couldn't collect a dime. Richardson was seriously injured in a crash at 53rd Street and Western Avenue when Night Dream Inc.'s truck slammed into him. The case settled. The release was signed. The documents were delivered. But Spirit Commercial Auto Risk Retention Group, the insurer behind Night Dream's policy, had already been placed into p
Waiting game as U.S. rail freight falls in weekly data Total U.S. weekly rail traffic came to 486,854 carloads and intermodal units in the latest week's data, trailing the year-ago period by 3.2%. Total commodities for the week ending Feb. 7 were 208,408 carloads, weaker by 4.8% compared with the same week in 2025, according to Association of American Railroads data. Intermodal volume was 278,446 containers and trailers, off 2% y/y. Import demand hit
House votes to overturn Trump's tariffs on imports from Canada The House of Representatives voted Wednesday to terminate the national emergency President Donald Trump declared to justify sweeping tariffs on Canadian imports, marking a rare bipartisan rebuke of the president's trade policy. The resolution passed 219-211, with six Republicans joining Democrats in support of overturning the emergency declaration. Largely symbolic without veto-proof margin Altho
SONAR Delivers Elevated Global Ocean Intelligence with New Supply/Demand & Commodity Dashboards - Plus Faster, Smarter Rate Tools Global ocean markets don't move in isolation. Booking behavior in Asia today becomes capacity pressure in U.S. truckload networks weeks later. Port delays ripple into intermodal congestion. Commodity shifts reshape inland demand patterns. To help supply chain leaders stay ahead of those shifts, SONAR has officially replaced Container Atlas with two powerful, purpose-built dashboards: Ocean Supply
FedEx targets 14% profit growth in 3-year strategy FedEx Corp. on Thursday announced fiscal year 2029 financial targets of 4% annual revenue and $8 billion in adjusted operating income,continuing to prioritize premium growth in high-margin verticals in the industrial economy, scaling digital and AI capabilities, further transforming its shipping network, and making efficiency gains permanent. Compared to the midpoint outlook for the current fisca
Investors halt deals with DP World over CEO's Epstein ties Quebec's La Caisse, the country's second-largest pension fund, which holds a 45% stake in DP World Canada, in a statement said it expects the global logistics company to "take necessary actions" after the Dubai firm's chief executive, Sultan Ahmed bin Sulayem, was identified in the latest release of Epstein files. La Caisse told Bloomberg in a statement that it is pausing further investment with
Yard management technology moves out of the shadows as supply chains push for end-to-end visibility While supply chains have poured investment into transportation and warehouse technology, yard and dock operations remain one of the most manual and least visible parts of the network, a gap that is increasingly difficult to manage as volumes fluctuate and labor tightens. While the C3 State of Yard and Dock Management 2026 survey is underway, the findings from the 2025 report are likely to be echo
Crabs, cologne and contraband: Cargo crimes spike across freight lanes A wave of recent enforcement announcements in the U.S. and Canada illustrates how cargo crime now spans cyber-facilitated freight fraud, bulk narcotics concealment inside commercial trailers, and export smuggling schemes embedded within legitimate logistics flows. From stolen truckloads of frozen seafood and blueberries to record-setting methamphetamine seizures at the border, authorities say inc
The Non-Domicile CDL Final Rule Isn't Perfect. It's Still a Win. Yesterday I wrote about the final rule Secretary Duffy signed restricting non-domiciled CDL issuance. I said it was a win. Many people disagreed with me. Some of them loudly. Some of them personally. I expected that. I also expected that most of the people telling me I was wrong had never been hit by an illegal truck driver. I have. On a two-lane highway in Mecklenburg County, Virginia, I was str
The Loophole That Killed 30 People Just Got Closed. Now What? The photo is where this started. Today was the beginning of the end. Transportation Secretary Sean Duffy signed a final rule that closes the door on one of the most dangerous regulatory failures in modern trucking history. The rule eliminates the use of Employment Authorization Documents as proof of CDL eligibility, restricts non-domiciled licenses to a narrow set of visa categories that actually
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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