Meet Ergon's first female boat pilot: Beverly Ahner Underscoring the career opportunities offered by the inland waterways industry, Vicksburg, Miss.-headquartered Ergon Marine & Industrial Supply Inc. (EMIS) points to the career path of Beverly Ahner its first female boat pilot.
Davie Defense seals deal on $3.5B USCG Arctic Security Cutter contract Davie Defense today announced the finalization of a $3.5B contract with the United States Coast Guard for the construction and delivery of five Arctic Security Cutters (ASC), a new class of Arctic
Markey Machine names Eric Rose its new president Seattle-based deck machinery specialist Markey Machine LLC has appointed Eric Rose as its president. He comes to the company with extensive leadership experience in the commercial marine and heavy industrial sectors, most
Maryland reaches $2.2B settlement with Dali owner and operator Maryland Attorney General Anthony G. Brown yesterday announced that the State of Maryland has reached a final settlement of $2.25 billion with Grace Ocean Private Limited and Synergy Marine Pte Ltd., the
Maersk implements heavy load surcharge on China to Latin America Maersk has announced the implementation of a Heavy Load Surcharge on the X4FS service covering shipments from four Chinese origin ports to Brazil, Argentina and Uruguay, effective from the price calculation date of May 29, 2026. The surcharge applies to 20-foot dry equipment types with a Verified Gross Mass exceeding 20 metric tonnes and to 40-foot non-operating reefer equipment with a VGM exceed
ABS and HD Hyundai advance maritime and offshore technologies ABS and HD Hyundai Heavy Industries have signed a Memorandum of Understanding to collaborate across a broad range of initiatives supporting sustainability, digital innovation and operational resilience in the maritime and offshore sectors. The agreement places particular emphasis on accelerating the development of next-generation energy solutions as decarbonisation and digital transformation resh
CNC adds Kuala Tanjung to BBX3 service CNC has enhanced its BBX3 service with a new bi-weekly call at Kuala Tanjung in North Sumatra, Indonesia, expanding export connectivity from the region to key markets across Asia. The addition takes effect as part of an updated port rotation designed to capture growing trade flows between Indonesia, Vietnam and South China. The revised BBX3 rotation will call at Nansha, Shekou, Chittagong, Kuala
Kongsberg receives compliance certification for engine room simulator Kongsberg Maritime has received a DNV Simulator Statement of Compliance for its new Engine Room Simulator model based on the Höegh Aurora, a flagship vessel of Höegh Autoliners' Aurora Class and a CO2 pilot programme ship. The certification follows a full demonstration and audit confirming the simulator model's compliance with DNV's maritime simulator requirements and validating its fidelity for
Volvo and DSV launch autonomous freight operations Volvo Autonomous Solutions and DSV have commenced commercial autonomous freight operations in Texas, marking the first commercial truckload hauled using the Volvo VNL Autonomous vehicle integrated with the Aurora Driver autonomous technology. The operations run between Aurora's terminals in Dallas and Houston, connecting into DSV's existing logistics flows on a depot-to-depot basis. The Volvo VNL
Beijing holds the key to Hormuz and may not use it As Trump meets Xi in Beijing, China sits at the centre of the world's most consequential shipping crisis part mediator, part beneficiary, part obstacle to any resolution
Kuehne+Nagel appointed official logistics partner of MCH Group MCH Group has selected Kuehne+Nagel as its Official Logistics Partner for a five-year period commencing July 1, 2026. The partnership will cover MCH Group's three Swiss exhibition venues, Messe Basel, Messe Zurich and Beaulieu Lausanne, which together represent more than 182,000 square metres of exhibition space. Under the agreement, Kuehne+Nagel will provide comprehensive logistics services for
Maersk shifts TA2 Rotterdam Terminal to ECT Delta Maersk has announced that its TA2 Europe to North America service will transfer its Rotterdam port call from the current terminal to Delta Container Terminal at ECT, effective May 18, 2026, in response to the current operational situation in Rotterdam. The first vessel to call and depart from the new terminal will be Kiel Express on voyage 620W, arriving May 18 and departing May 19. The following
MSC announces FAK Rates from Far East to Europe, Mediterranean and Black Sea MSC has announced new Freight All Kinds rates applicable from all Far East ports, including Japan, Korea and Southeast Asia, to Northern European, Mediterranean and Black Sea destinations. The rates take effect from June 1, 2026 until further notice, but not beyond June 14, 2026. Rates are quoted per 20-foot and 40-foot container respectively. North Europe is priced at US$ 2,820 and USD 4,700. We
Yang Ming reports modest decline during first quarter 2026 Yang Ming Marine Transport Corporation reported consolidated revenues of US$ 1.22 billion, for the first quarter of 2026, with net profit after tax of US$ 0.05 billion. The results reflect a modest decline in freight rates compared to the same period in 2025, compounded by vessel deployment adjustments arising from the geopolitical situation in the Middle East. The Board of Directors, convening a
Pilbara Ports records increased volumes in April 2026 Pilbara Ports delivered total monthly throughput of 65.9 million tonnes in April 2026, a 2% increase compared to April 2025, with performance varying across its principal port facilities. The Port of Port Hedland achieved monthly throughput of 47 million tonnes, of which 46.3 million tonnes comprised iron ore exports, representing a 1 percent decrease year-on-year. Imports through Port Hedland to
Adani and Astro Offshore vow for European subsea expansion Adani Ports and Special Economic Zone's marine platform, Astro Offshore, has entered into an agreement with Oceaneering International, a US-based engineering and applied technology company, to pursue specialised offshore and subsea opportunities in Europe. The partnership marks a significant step in APSEZ's expansion into ultra-deepwater operations and international markets, combining Astro Offsh
Port of New York/New Jersey announces charging infrastructure project The Port Authority of New York and New Jersey and LaGuardia Gateway Partners have announced a project to install electric ground support equipment charging infrastructure across Terminal B's airside and baggage areas at LaGuardia Airport. LGP will work with Conrac Solutions to design, construct, maintain and provide interim financing for the infrastructure, with completion anticipated in 2027. Th
RIFT selects Port of Rotterdam for iron fuel production facility Technology company RIFT has signed a reservation agreement for a plot at the Margriethaven on the Maasvlakte in the Port of Rotterdam, marking the selection of Rotterdam as the site for its commercial circular iron fuel production facility. The Port of Rotterdam Authority is making a greenfield location available to support the next phase of the project, with the facility expected to become opera
Iran rewrites the rules of Gulf coercion Tehran's naval doctrine has shifted from chokepoint closure to targeted pressure on Emirati ports and Jebel Ali is now in the crosshairs
Maritime Technical Networking Summit opens today The Maritime Technical Networking Summit, held at the Grecotel La Riviera resort, has officially opened its doors today. The two-day premium B2B matchmaking event is organised under the aegis of MARTECMA, AMMITEC, the Hellenic Institute of Maritime Technology (H.I.M.T.), the Propeller Club and HEMEXPO, and represents the only initiative of its kind in Greece by Boussias Events. The summit aims to
Neptune Norfolk Island service amends voyage Neptune has advised that the westbound Auckland to Norfolk Island call on Voyage 2604W will be deferred due to a Heavy Lift Voyage scheduled for Norfolk Island in July. Customers with urgent cargo from Auckland to Norfolk Island may centralise shipments through Brisbane for loading on Voyage 2605E. All remaining bookings will be transferred to Voyage 2605W. The updated schedule shows the LCT oper
Pan Ocean expands crude tanker push with four VLCC newbuilds South Korean shipowner Pan Ocean has stepped up its expansion in the crude tanker market with an order for four very large crude carriers (VLCCs), extending a steady shift beyond its traditional dry bulk roots. The Harim Group-controlled company disclosed in a stock exchange filing that it plans to invest KRW783.4bn ($525m) in the quartet ...
Hexicon acquires remaining stake in Swedish floating wind project Stockholm-based floating offshore wind developer Hexicon has entered into an agreement to acquire the remaining 50% stake in the Mareld offshore wind project from its joint venture partner Mainstream Renewable Power. Following the transaction, Hexicon will have full control of the project. The company will acquire the shares for an upfront consideration of SEK 1 ...
Singapore owner books two multipurpose OSVs at Chinese yard The offshore arm of Singapore's Thong Yong Group has ordered two offshore supply vessels from China's Jianglong Shipbuilding. The deal for the two vessels is worth around $18.4m, with delivery set for September and December 2027. The vessels will be designed and built in accordance with ABS standards. They will be 57.5 m long, 13.8 ...
Vessel heads for Iranian waters after boarding incident off UAE A vessel anchored off the coast of the United Arab Emirates has been seized by unauthorised personnel and is now heading toward Iranian territorial waters, according to British maritime security authorities. The incident took place about 38 nautical miles northeast of Fujairah, one of the region's most important bunkering and oil export hubs near the ...
ICTSI pushes review of Costa Rica port deal won by Maersk-Hapag Lloyd consortium The fight over Costa Rica's Puerto Caldera concession has intensified after the Philippine terminal operator, International Container Terminal Services, secured a formal review of the award granted to a consortium backed by the liner giants Maersk and Hapag-Lloyd. Costa Rica's Office of the Comptroller General of the Republic (CGR) has admitted ICTSI's appeal against the ...
Turkey identifies four offshore wind zones for upcoming tenders Turkish authorities have identified four offshore wind sites in the waters off Saros Bay, Gökçeada, Bozcaada, and Edremit for the upcoming Renewable Energy Resource Area (YEKA) tenders. Turkey's Energy and Natural Resources minister Alparslan Bayraktar said that the country is aiming to achieve 5GW in offshore wind by 2035. He added that the YEKA tenders ...
Middle East conflict derails jackup market recovery After a cautiously optimistic start to 2026 for Middle East offshore markets, escalating regional conflict has rapidly altered the outlook. Expectations of steady tendering activity and tightening jackup supply have been undermined by rising political risk across the Gulf. In January 2026, London-based energy market research firm Westwood said that the global jackup market would ...
Fleet Management stalwart unveils new Singapore operation Singapore-based Nura Shipco Management has formally launched operations under the leadership of former Fleet Management executive Aga Nagarajan, marking the arrival of a new player in the shipmanagement sector. The company was established in January 2026 in partnership with Nura International Shipping and is positioning itself as a quality-focused management platform centred on compliance, crew ...
DOF sells cable-layer to South Korean buyer Norwegian offshore vessel owner DOF has agreed to sell one of its cable-laying vessels to South Korean cable maker Taihan Cable & Solution. The 2016-built cable layer Skandi Connector will be the second cable layer in Taihan's fleet and South Korea overall, alongside the 2010-built Palos. According to DOF, the vessel is planned to be ...
Stuart Macdonald: The mountain guide who wants to row the Atlantic Twenty years ago, Stuart Macdonald read a book about a middle-aged British man who rowed the Atlantic and then went on to row the Pacific solo. The idea lodged itself in his mind and refused to leave. At the start of next year, he intends to do something about it with the shipping industry today, ...
Teekay Tankers snaps up Korean resale suezmaxes US-listed Teekay Tankers has moved to expand and modernise its mid-sized crude carrier fleet through the acquisition of two Korean-built suezmax resale newbuildings. The company disclosed that it recently agreed to purchase the vessels for a combined $190m, with deliveries expected in 2027. No further details on the seller, shipyard or vessel specifications have been ...
Splash Singapore assembles maritime power players Bjorn Hojgaard, the CEO of Anglo-Eastern Univan Group, the world's largest shipmanager, is the latest high-profile name to agree to speak at September's Splash Singapore, a new event from the organisers of Geneva Dry that is rapidly shaping up to be Asia's top shipowner summit. Hojgaard will take the stage for the opening Big Issues ...
When algorithms read the crew Wolfgang Lehmacher discusses emotion AI and shipping. A recent essay in The Atlantic warned that "emotion AI" is creeping into offices and call centres, claiming to read workers' feelings from faces, voices and keystrokes. But what about shipping? Over the past decade, the industry has wired up ships and ports. We track hulls via AIS, ...
LNG shipping rates still much higher than before Hormuz crisis A common theme in shipping is that rates have fallen sharply from the panic-induced peak just after the war began...
Regulation experts see murky waters ahead for NZF talks IMO observers have crunched the numbers from MEPC84 and delivered a mixed outlook for a global carbon regulation
Greek fleet adapts to conflict-shaped routes and shifting global demand Greek-controlled tonnage expanded its reach in 2025, navigating conflict-driven rerouteing and volatile Middle East conditions while capitalising on longer-haul trades...
What happens in Hormuz... doesn't stay in Hormuz We bring you highlights of our recent webinar on the Strait of Hormuz crisis and ask whether other nations might...
Cargo war risk buyers receiving raw deal, insurers argue Marine insurers are warning that Red Sea turmoil is exposing significant gaps in cargo war cover, prompting calls to modernise...
HD KSOE secures $1bn in new LNG carrier orders HD KSOE has now won orders for 16 LNG carriers in 2026 valued at a combined $4bn
Middle East port update: Thursday, May 14 QatarEnergy has released a notice stating that all previously advised restrictions on AIS operation have been cancelled with immediate effect
Ningbo Ocean to boost Southeast Asia operations with four more boxship newbuildings In latest spending spree, Ningbo Ocean Shipping bets on container demands in Southeast Asia as US tariffs and geopolitical tensions...
Second Japan-linked tanker crosses Hormuz as Tokyo pushes Tehran for safe transits Energy security remains a key concern for Japan as it pivots to other sources amid the current turmoil. Japanese shipowners...
Chinese floating armoury boarded and reported heading for Iran The ship is being used as a floating armoury, believed to be operated by Chinese private security company Sinoguards
The Daily View: An uneasy calm as stockpiles shrink
Daily Briefing Cosco VLCC slips through Hormuz as Trump lands in Beijing | Hormuz LNG carrier crossings gain momentum but force majeures...
FMC searching for new members to serve on shipper advisory board The National Shipper Advisory Committee, which guides the maritime regulator on ocean freight issues, meets once a year to drive policy decisions.
War-driven fuel prices send trucking PPIs, shipper costs skyward The producer price indices for truckload and LTL transportation in the US both leapt about 20% year over year in April, revealing growing pressure on supply chains.
Supreme Court ruling strips broker protection linked to carrier safety The unanimous ruling in a case involving C.H. Robinson adds a new layer of responsibility for brokers to consider the safety history of the motor carriers they hire to haul loads.
Beyond the terminal gate: Why the future lies in logistical ecosystems Terminal operators and port authorities must transition from their historic, passive roles as infrastructure caretakers into active orchestrators of integrated logistics ecosystems, writes Robbert van Trooijen.
Rising container dwells hobble vessel flows at India's Nhava Sheva, Mundra ports Carrier sources have reported an average berthing delay of two days for regular services and up to five days for ad-hoc vessel calls at both ports, with the problems driven by inadequate drayage capacity.
Softer freight rates push Evergreen to 71% decline in Q1 net profit Highlighting the impact of lower freight rates in its first-quarter financials, Taiwan's largest ocean carrier recorded a 22% year-over-year drop in average revenue per TEU, to $968/TEU.
Supply-side changes to US truck market called 'structural,' not temporary Capacity that has been exiting the truckload market since the start of the year isn't likely to return, logistics experts say, making trucking more expensive for US shippers in the long-term.
Torstein Hagen hands CEO title to key lieutenant as Viking trims quarterly loss New chief executive Leah Talactac was a key figure in 2024's biggest IPO
Freight forwarder projects higher container spot rates on transpacific Freight futures point to rising rates until September, but Xeneta warns of softer figures ahead
China opposes toll and 'militarised' Strait of Hormuz, US officials say Marco Rubio says Beijing and Washington agree on Iranian toll proposal
Financial services giant Prudential slashes Kirby stake in profitable sell-off Sale came with tank-barge owner's stock in record territory
'Floating armoury' seized and heading towards Iran Vessel was at anchor before 'unauthorised personnel' took it away
Iran escorts flotilla of Chinese ships through Strait of Hormuz as Xi meets Trump Tehran softens its stance vis-à-vis its biggest oil buyer during US-China summit
'Floating armoury' boarded and heading towards Iran Vessel was at anchor before 'unauthorised personnel' took it away
Okeanis weighs up how VLCC owners can tackle Gulf gridlock Okeanis Eco Tankers CEO Aristidis Alafouzos explains the balancing act needed to negotiate market upheavals
Easy Street or road to ruin? Shipping financiers weigh whether it's 2008 all over again This week's Streetwise takes a look at whether high valuations and easy loan terms are threatening to burst shipping's bubble
SwissMarine returns to the secondhand market for four bulkers Owner-operator found an opportunity in the market, chairman said
Time to rewrite the rules of shipping war risk insurance Conflicts in Ukraine, Iran and Venezuela have added to the complexity about when a war is a war
Trafigura lines up major shipping deal to meet 40% of US cobalt demand Trader is cooperating with Entreprise Generale du Cobalt and EVelution Energy
Insurer West boosts pot with bumper investment results CEO Tom Bowsher says new Hong Kong office comes as company strengthens Asian operations
Hayfin Capital returns to LNG shipping with Hyundai newbuildings London-based firm back in the sector amid further talks of resale newbuildings from Evalend Shipping
Adnoc L&S points to period cover amid Strait of Hormuz disruption Company upgrades its guidance on improved outlook for shipping market fundamentals
BW LNG orders world-first three-tank LNG carriers All four LNG carriers on order at HD Hyundai Samho will feature the new design
Owners and lawyers do battle on the beach for cancer charity Pelagic Partners takes part in a volleyball tournament organised by Limassol law firm
Wilh Wilhelmsen splashes $52m on shares after investors name their price Reverse book building sees company snap up more A and B shares
Strait of Hormuz navigation takes centre stage as Xi and Trump meet in China Hormuz security featured in White House account but absent from Xinhua summary
Greek property mogul Ioannis Papalekas reveals wide-ranging shipping portfolio Major shareholder in Evangelos Marinakis' US-listed company has quietly built an expansive shipping portfolio
BW LNG orders world's first three cargo tanks LNG carrier newbuildings All four LNG carriers on order at HD Hyundai Samho will feature the new design
Canadian owner loses $15m collision battle in Australia's highest court Compensation dispute arose from incident that sank two tugs
TMS Cardiff Gas books in fresh LNG duo at Samsung Heavy Industries Greek shipowner now has LNG newbuildings on order at four different shipyards and a 32-vessel fleet
Trapped seafarers file first post-traumatic stress disorder claims amid Strait of Hormuz gridlock Thousands of seafarers remain trapped with no immediate breakthrough on long-term stranding
Profit rebounds for Kyoei Tanker as owner warns of operating headwinds ahead Japanese company forecasts surge in net profit even as core earnings deteriorate
Product tankers turn to Oman to keep India fed with naphtha Haldia Petrochemicals is booking ships to make up for shortfall from Kuwait and Qatar
Ship boarded and heading towards Iran, says UKMTO Vessel was at anchor before 'unauthorised personnel' took it away
Somali pirates hike ransom demand for hijacked tanker to $10m Families reveal ordeal of seafarers
Trapped Japanese VLCC makes it out of Strait of Hormuz The Eneos Endeavor set to deliver much-needed crude early next month
Looking past the noise: Adnoc's ZMI Holdings plots growth path UAE outfit's patient view allows it to shrug off Gulf War, Trump resistance to US wind projects
Chinese owner cashes in on rising bulker values with sale of two ultramaxes Sale of Huayang Lily and Huayang Rose nets $50.4m
UK cruise ship with over 1,000 passengers on board cleared after norovirus outbreak Lab tests confirm viral gastroenteritis on board Ambition after dozens fall ill
Teekay Tankers reveals $190m resale raid for two South Korean suezmaxes Canadian owner says crude tanker pair will be handed over next year
Alafouzos firm Okeanis Eco Tankers posts record profit as VLCC rate surges past $200,000 per day New York-listed crude carrier owner breaks one profit record after another in booming spot market
Wan Hai sees first-quarter profit slide downwards by 12% Taiwanese liner player cites rising operating costs and port congestion as putting negative pressure on earnings
Looking past the noise: Adnoc's ZMI Holdings plots growth path UAE outfit's patient view allows it to shrug off Gulf War, Trump resistance to US wind projects
Chinese owner cashes in on rising bulker values with sale of two ultramaxes at firm prices En bloc sale of Huayang Lily and Huayang Rose nets $50.4m.
UK cruise ship with over 1,700 on board cleared after norovirus outbreak Lab tests confirm viral gastroenteritis aboard Ambition after dozens fall ill
Unfinished drill ship pair return to sales market in China Long-idled offshore units test buyer appetite despite stronger drilling market
Houston gains cargo share as volumes soften at West Coast ports Executives at Flexport said ocean and air freight markets are showing signs of tightening capacity and elevated transportation costs heading into summer during the company's North America Freight Market Update webinar on Thursday. The webinar featured Nathan Strang, Kyle Beaulieu and David Grinevald, who discussed shifting import patterns, tighter vessel deployment, fuel surcharges and ongoing di
What's next after Montgomery? Likely a boost to the bigger 3PLs Within an hour of the Supreme Court's unanimous decision in Montgomery vs. Caribe II , opening the door to bringing in brokers as defendants when a carrier they hire is involved in an incident that leads to a lawsuit, the reactions began to pour in. Nobody moves faster than Wall Street. And on a day when leading equity indices were up strongly, and trucking stocks were as well, the few brokerage-
TL linehaul rates surge in April, Cass says Freight shipments stabilized in April as capacity constraints pushed rates to recent highs, according to monthly data from Cass Information Systems. The shipments component of the Cass Freight Index was down 4.4% year over year but increased 0.4% from March (up 0.6% seasonally adjusted). That was a third straight sequential increase in volumes, and "an encouraging signal for a potential second-ha
New Dollar Tree distribution center to support 700 Southwest stores Dollar Tree has opened a one million-square foot distribution in Litchfield Park, Arizona, outside of Phoenix and plans to begin outbound deliveries next month, the value retailer announced on Thursday. As one of Dollar Tree's ( NASDAQ: DLTR ) largest distribution centers, the climate-controlled facility will service about 700 stores in Arizona, Colorado, Nevada, New Mexico, and Utah. The company
The freight Broker insurance gap is now real Today, the Supreme Court told every freight broker in America that they can be sued for negligent carrier selection. Montgomery v. Caribe Transport II was unanimous. Nine to zero. The FAAAA preemption shield that the brokerage industry had relied on for decades is gone. So...what's next? Well, insurance of course. Anytime liability and exposure rear their heads, insurance becomes a necessity to pro
Trans-Pacific ocean rates remain above pre-war levels despite muted outlook Freight rates on the benchmark Asia-United States trade lanes remain above pre-war levels, but that's due more to capacity manipulation by carriers than increasing demand. The weekly Freightos Baltic Index shows trans-Pacific rates around $1,000 higher per forty foot equivalent unit (FEU) than before the start of the Iran war in late February. Asia-U.S. West Coast prices increased 4% to $2,828 pe
U.S. weekly rail traffic again beats 2025 levels Ag, chemicals among leading gainers in freight data Carload and intermodal traffic both continued to show modest gains over last year in U.S. rail traffic figures for the week ending May 9. Figures from the Association of American Railroads show total traffic for the week was 513,755 carloads and intermodal units, up 3.7% from the same week a year ago. That includes 229,592 carloads, an increase
The Supreme Court just told every freight broker that they can be sued The Supreme Court of the United States handed down its decision in Montgomery v. Caribe Transport II, LLC, this morning. It was unanimous. Nine to zero. Justice Amy Coney Barrett wrote the opinion. Justice Brett Kavanaugh filed a concurrence, joined by Justice Samuel Alito, saying the case was closer than the majority opinion suggested, but agreeing with the result. A negligent-hiring claim again
SCOTUS rules 9-0 against brokers in Montgomery case The so-called safety exception of the Federal Aviation Administration Authorization Act (F4A) includes the freight brokerage industry in its umbrella, the Supreme Court ruled Thursday in the closely-watched case of Montgomery vs. Caribe Transport II. The decision of the court was unanimous. Its immediate impact is that the Supreme Court decision clears up conflicting circuit court cases about whe
J.B. Hunt sees TL rates climbing 20% over next 2 years J.B. Hunt Transport Services sees truckload rates climbing 20% over the next two years as stricter regulatory enforcement continues to remove capacity. Carriers are looking to restore TL and brokerage margins after years of massive cost inflation. Furthermore, driver wages are stepping higher in certain markets, contributing to the rising operational costs being passed through to shippers. While
Roadcheck Day 2 Nearly Tripled Day 1 Volume. The Violation Data Shows Where Trucks Are Failing The Day 2 Numbers Through two days of the 2026 International Roadcheck, FMCSA inspection records show 6,406 total inspections conducted, 11,010 violations logged, 2,055 out-of-service orders issued, and 5,217 distinct carriers inspected. Data via searchcarriers.com/blitz, which aggregates live FMCSA inspection records and refreshes daily during the event at no cost. Isolating Day 2 from the cumul
Lower revenue, higher costs drive Hapag-Lloyd to loss Hapag-Lloyd saw profits evaporate in the first quarter as weather and the Mideast conflict disrupted operations. The world's fifth-largest ocean container line said liner revenue fell 8% to $4.8 billion year-over year on volume that was narrowly off 1% at 3.2 million twenty foot equivalent units (TEUs). That compared to global volume that increased 4.4%, according to Container Trade Statistics. L
Crucial changes in latest NJ independent contractor rule impacting truckers Changes in the New Jersey independent contractor rule, revealed last week, are taking some of the edge off earlier hostility to the proposal when it was first introduced. But what remains is still being viewed by those who hire independent contractors as an ABC test that will be one of the most stringent in the country. The rule was released by the New Jersey Department of Labor (NJDOL) in order
Cargo theft is changing, and the risk is now inside the truck Scott Cornell has worked enough cargo theft cases to know that the most dangerous schemes rarely announce themselves. They usually appear disguised as something routine. Cornell, Chief Risk Officer at SPG Cargo & Logistics , joined me recently on the Fraud Watch podcast to discuss what the industry is now calling the Trojan Driver scam. What stood out most was not just the method itself, but how
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
