White Paper: Ensuring vessel uptime through drivetrain inspections, proactive maintenance, and strategic spares This white paper emphasizes that maximizing vessel uptime depends on a structured approach to drivetrain reliability, centered on routine visual inspections, proactive maintenance practices, and strategic management of critical spare parts.
Iran blockade set to resume As signaled by President Trump in the social media post that we reported on yesterday, the U.S. will resume blockading maritime traffic entering and exiting Iranian ports today, July 14, at 4
KR and HD Hyundai advance Korea's green corridor with ammonia vessel trial Korean Register(KR) is collaborating with HD Hyundai Heavy Industries (HHI) to establish a domestic operating environment for ammonia-fueled vessels under the Ministry of Oceans and Fisheries' "Green Shipping Corridor Construction Support Project".
Ghostworks unveils MRLN, the Multirole Remote Logistics Node At the 2026 Pennsylvania Defense and Innovation Summit, hosted by U.S. Sen. Dave McCormick at the U.S. Army War College, Holland, Mich.-based Ghostworks unveiled MRLN (Multirole Remote Logistics Node), a remote-pilot autonomy
TOTE Services wins $2.2B LSM vessel construction manager contract The Navy's new acquisition framework is moving right along. TOTE Services LLC, Jacksonville, Fla., has been awarded a $2,206,000,000 firm-fixed-price contract by the Navy's Portfolio Acquisition Executive for Maritime (PAE Maritime) to
Karachi Port handles 20,000-TEU MSC Erica during landmark call Karachi Port has welcomed the MSC Erica, one of the world's largest container vessels, marking another milestone for Pakistan's container gateway. The 398.5-metre vessel berthed at the South Asia Pakistan Terminal (SAPTL) on 12 July. The call demonstrates the port's ability to accommodate ultra-large container ships. MSC Erica has a carrying capacity of 20,000 TEUs, a beam of 59 metres, a gross t
Kongsberg Maritime to acquire Berg Propulsion Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion. Berg Propulsion designs and manufactures integrated propulsion and electrical systems for the maritime industry. Kongsberg Maritime said the acquisition will strengthen its propulsion portfolio and support its long-term growth strategy. Financial terms were not disclosed. The company said the acquisition was p
Cavotec secures €7 million shore power retrofit order for container ships Cavotec has secured a €7 million order to retrofit container vessels with shore power technology. The contract was awarded by a global container shipping company. Cavotec did not disclose the customer's name. The order covers the retrofit of low- and medium-voltage container ships. The work will be carried out while the vessels remain in service. This will allow the ships to continue operating wi
Lufthansa Cargo, WiseTech and IBS Software complete first ONE Record data exchange Lufthansa Cargo, WiseTech Global and IBS Software have completed one of the first large-scale implementations of IATA's ONE Record standard. The partners successfully exchanged shipment records in a live production environment. IATA introduced ONE Record in January 2026. The standard creates a common framework for sharing cargo data across airlines, freight forwarders and logistics partners. Luft
Maersk updates Egypt export booking rules under new NAFEZA customs requirements Maersk has announced new booking requirements for all sea export cargo originating from Egypt following updated customs procedures under the NAFEZA platform. Effective 17 July 2026, all export shipments must include a valid Unique Consignment Reference (UCR), a 19-digit identification number required for electronic customs processing, compliance and cargo tracking. Under the new rules, customers
Offshore solar platform arrives at Port of Valencia The Port of Valencia has welcomed Spain's first offshore solar platform, a pioneering project developed by Spanish startup BlueNewables with the support of Naturgy. The platform, named Paiporta in honour of the Valencian municipality particularly affected by the DANA flooding of 2024, was built at the San Enrique shipyard in Vigo and will be positioned outside the southern breakwater of the Port
ZIM and MSC add Jacksonville to Asia container service ZIM Line and Mediterranean Shipping Company (MSC) have added JAXPORT to their ZCP-Amberjack container service, strengthening weekly connections between Jacksonville and Asia while expanding access to Latin America, the Caribbean and the Mediterranean. The Sapphire became the first vessel to call Jacksonville Port Authority (JAXPORT) under the new service. The weekly rotation links Qingdao, Ningbo
Port of Gioia Tauro launches tender for dredging works The Southern Tyrrhenian and Ionian Sea Port Authority has launched the tender process for the completion of dredging works in the Gioia Tauro port channel, covering the northern section of the port opposite the Eranova dock and along the associated turning basin. The specific project is valued at EUR€2,628,355 and forms part of a broader EUR€5 million water depth enhancement programme, with a con
What Trump's cargo fee could cause? A proposed 20% US cargo fee on Hormuz transits looks like a price tag. Cross-referenced against the crisis to date, it behaves more like a lever one that moves pipelines, insurers, refineries, rail lines and flags all at once
Port of Antwerp-Bruges circular economy hub gains momentum A cluster of circular economy projects at Port of Antwerp-Bruges has reached significant permitting milestones, advancing the NextGen District's development as a hub for industrial-scale waste recovery and resource circularity. Synpet has received environmental and building permits for a EUR 300 million advanced recycling plant, enabling the company to progress toward a final investment decision.
Maersk raises emergency contingency surcharge on India-Europe services Maersk has announced a US$1,000 per container increase in its Emergency Contingency Surcharge (ECS) for shipments from the Indian Subcontinent to North Europe and the Mediterranean on its E3W and E4W services. The revised surcharge will take effect from 1 August 2026 and applies to cargo originating from North West India, Pakistan, Nepal, South and East India, Sri Lanka, the Maldives and Banglade
ONE replaces Copenhagen with Kalundborg on Scandinavia Express service Ocean Network Express (ONE) will replace Copenhagen with Kalundborg on its Scandinavia Express (SCX) service as part of a network optimization aimed at enhancing connectivity in Denmark. Under the revised rotation, the SCX service will call at Rotterdam, Gothenburg, Helsingborg, Aarhus, Kalundborg, Antwerp and return to Rotterdam. The change will take effect with the Penang Bridge voyage 0119N, w
Explainer: Oman and the UAE shift strategy on Hormuz Oman's break with Iran's toll logic and the UAE's residual Gulf of Aden footprint reveal a shared strategy: retained leverage instead of active management
ADNOC L&S confirms damage to two tankers after Strait of Hormuz attack ADNOC Logistics and Services (ADNOC L&S) has confirmed that two crude oil tankers were struck by projectiles while transiting the Strait of Hormuz. The incident occurred during the early hours of 14 July. The company said one seafarer was killed in the attack. Several others were injured. ADNOC L&S extended its condolences to the family, friends and colleagues of the deceased. The company also wi
Port of Long Beach reports 10.6% cargo growth in June The Port of Long Beach handled 779,331 TEUs in June, marking its third-busiest June on record and a 10.6% increase compared with the same month last year. Imports reached 387,025 TEUs, up 11% year on year. Exports declined 1.3% to 86,446 TEUs, while empty container movements increased 14.1% to 305,860 TEUs. The June performance pushed the port's first-half throughput to 4,829,578 TEUs, an increas
Open on paper, closed in practice: Hormuz's new reality A third round of US strikes, a multi-week low in transits, and dueling open/closed claims from Washington and Tehran mark a new phase: a strait no longer defined by whether it closes, but by who you ask
OOCL reports 19.8% revenue growth in second quarter of 2026 Orient Overseas Container Line (OOCL) reported higher revenue and volumes in the second quarter of 2026, driven by stronger demand across its major trade lanes, particularly the Trans-Pacific market. The carrier's liner revenue increased 19.8% year on year to US$2.54 billion during the quarter. Total liftings rose 8.8%to 2.14 million TEUs, while loadable capacity increased 6.3%. The overall load
Lloyd's List Intelligence launches Vessel Due Diligence platform Lloyd's List Intelligence has launched Vessel Due Diligence, a new operational screening tool designed to help marine underwriters and vessel vetters assess vessel risk more efficiently. The solution is available as an add-on to the company's Seasearcher maritime intelligence platform. The new platform combines operational risk data into a single interface. It aims to replace the manual process o
India: The price of betting on a corridor It doesn't control June trade data confirms a chronic, Hormuz-linked shortfall even as New Delhi accelerates the maritime build-out designed to escape exactly this exposure
Performance Shipping lifts aframax earnings in two-year AET extension Nasdaq-listed Greek tanker owner Performance Shipping has extended the charter of its aframax Blue Moon with MISC Group's tanker arm AET for another two years. The 2011-built, 104,623 dwt vessel will earn $43,000 per day during the first year and $38,000 per day in the second, giving an average rate of $40,500 per day. The ...
Hidden bunker defects leave ship operators exposed Ship operators are increasingly being caught out by bunkers that sail through ISO 8217 testing only to wreak havoc once onboard, according to Lloyd's Register's latest fuel quality report. While off-specification fuels remain a persistent headache, some of the most disruptive cases investigated by the classification society's Fuel Oil Bunker Analysis and Advisory Service (FOBAS) ...
Singapore Strait crackdown sends Asian sea robberies to seven-year low Reported incidents of piracy and armed robbery against ships in Asia have fallen to their lowest first-half tally in seven years, as a concerted crackdown in the Singapore Strait reversed last year's alarming surge. The ReCAAP Information Sharing Centre logged 35 incidents across the region between January and June, down 64% on the 96 recorded ...
DHT adds three-year VLCC cover New York-listed VLCC owner DHT Holdings has fixed one of its ships on a three-year time charter as it continues to build forward cover at firm levels. The Svein Moxnes Harfjeld-led company has signed a deal for the 2015-built DHT Jaguar with an unnamed global energy company. The contract is set at $75,000 per day ...
Velesto Energy pulls plug on jackup sale Malaysia's Velesto Energy has terminated the sale of one of its jackups to PT Indonesia Drilling Energy. The deal for the sale of the 2010-built Naga 3 jackup was agreed in mid-December 2025 for a cash consideration of $63m. Velesto said at the time that the sale was in line with the company's ongoing fleet ...
Himalaya seals another premium newcastlemax fixture Tor Olav Trøim-backed Himalaya Shipping has fixed one of its LNG dual-fuel newcastlemax bulkers on a fresh time charter. The Oslo- and New York-listed owner, led by Lars-Christian Svensen, said the 2024-built Mount Aconcagua has been chartered for 16 to 18 months. The 210,000 dwt vessel is expected to begin the new contract in the ...
Andriaki breaks newbuilding silence with LR1 pair Greek tanker owner Andriaki Shipping has been linked to its first newbuilding order in about a decade.Brokers report the Marousi-based company has booked two 73,500 dwt LR1 tankers at China's New Times Shipbuilding. The scrubber-fitted ships are priced at about $55.1m each and are expected to deliver in 2030. Neither Andriaki nor New Times has ...
Trump monetises Hormuz security An Indian seafarer has been killed and eight other crew injured after Iran struck two UAE-flagged tankers with cruise missiles in the southern Strait of Hormuz shipping lane, within Omani territorial waters, as the US moved to reimpose its blockade of Iranian ports and charge for Hormuz transits. The UAE Ministry of Defence said the ...
Ciner takes VLAC investment past $1bn Turkish industrial conglomerate Ciner Group has returned to HD Hyundai for three more very large ammonia carriers, taking its investment in the segment past the $1bn mark. HD Korea Shipbuilding & Offshore Engineering (HD KSOE) disclosed a $363m contract with an unnamed European owner for three vessels scheduled for delivery by May 2030. Shipbroking and ...
Splash Singapore: Bjorn Hojgaard calls for uncomfortable conversations over comfortable consensus The most valuable conferences are those where people challenge each other's thinking rather than simply reinforce existing views, says Bjorn Hojgaard, the head of Anglo-Eastern, the world's largest shipmanager. Hojgaard will take the stage at The Big Issues session at the inaugural Splash Singapore conference, taking place on September 24 at the Fairmont Hotel, where ...
Greek interests seal profitable asset play with Bangladesh's Meghna Group Low-profile Greek interests are set to pocket nearly $7m in profit from the sale of a six-year-old ultramax bulker to Bangladesh's Meghna Group, in what appears to be one of the more profitable dry bulk asset plays of the year. Sources tell Splash that Meghna Group is the buyer of the 63,547 dwt WF Artemis, ...
'Back to square one' for crude markets after Iranian attacks on shuttle VLCCs The Omani route shuttle service has been a key exit conduit for crude cargoes during the Hormuz crisis. Iran has...
The Daily View: Hormuz's legacy is being built in steel and concrete
LR warns on-spec bunkers can still cause problems Lloyd's Register's latest fuel quality report has flagged increasing problems with fuel components that may meet ISO spec, but still...
Strait of Hormuz traffic collapses amid escalating hostilities The deteriorating security situation in the Middle East Gulf is slowing transits of the Strait of Hormuz by vessels not...
Trump may have abandoned his Hormuz fee but Marinakis sees positive side of a toll solution Speaking before new Trump intervention on tolls, Greek shipowner confirms 'formal' proposal was sent to Washington after Posidonia
Messier Hormuz talks will cost MEG economies Economic forecaster BMI says the resumption in US-Iran attacks points to a slower return to normal in the Strait of...
LNG charter rate calculations are 'one-way bet', judge tells Tsakos Greek shipowner's plea for moral fairness from Trafigura rejected by Commercial Court
The short life of General License X The US allowed the sale and transport of Iranian oil for just over two weeks - did anyone take advantage...
UK Club and TT Club set to acquire Thomas Miller Holdings Marine mutuals take control of storied management company
Tanker transits through Strait of Hormuz plunge as Iran attack kills crew member Iranian missile strike kills crew member and US reinstates blockade as Strait of Hormuz tanker transits nearly halve, signalling deeper...
US-Iran escalation shatters fragile Hormuz recovery after missile strike on tankers Missile strikes on two tankers, a renewed US blockade of Iran and the suspension of Hormuz transit permissions have shattered...
Daily Briefing Trump suggests US-imposed fee for Hormuz transits | Beijing cites high accident rate to justify Panama ship detentions ahead of...
Taiwan's Big 3 carriers see Q2 revenue recovery on higher rates, volumes The rebound offset a sluggish first quarter for Evergreen Marine, Yang Ming and Wan Hai, with a Yang Ming executive saying he expects the buoyant rate outlook to continue into the third quarter.
Port of LA incentives aim to accelerate EV drayage adoption Los Angeles and its terminal operator tenants are offering up to $300,000 per truck for drayage operators purchasing at least 10 battery-electric vehicles.
Trump backs off plan to charge 'security fee' for Hormuz transits The president announced the about-face in a post on his social media platform, saying the US would instead be reimbursed for providing naval security in the region via trade deals with Gulf states.
Hapag-Lloyd hikes full-year profit guidance on robust demand The revision follows a similar move by Gemini Cooperation partner Maersk as frontloading on the trans-Pacific and Asia-Europe trades fills ships and drives up rates.
Container shipping faces huge costs linked to US' Hormuz 'security fee' President Donald Trump provided no details on how the proposed 20% charge - the legality of which is already being question - would be assessed, implemented or collected.
New York-listed tanker stocks bounce back as Hormuz escalates, Trump drops fee
OOIL revenue jumps nearly 20% in second quarter Rises driven by higher cargo volumes, increased capacity and stronger revenue per container
VLCC newbuilding orders break record set in late 1960s tanker rush Uncertain geopolitics now a major deciding factor for shipowners when signing shipyard contracts
Performance Shipping sees 45% rates improvement in charter extension New terms with AET push contracted revenue backlog past $530m
Stolt chemical tanker struck by 'projectile' off Oman The attack was one of three incidents against shipping on Monday
Clarksons analysts lay bare owners' shifting priorities amid global turmoil Focus is on energy markets and how to redeploy capital
Sea drone targets container ship near major Black Sea oil hub Master alters course enabling Russian military to destroy USV
Pakistan starts building first new container ship in 40 years Return to vessel construction is aimed at reducing foreign exchange payments
Strait of Hormuz toll 'fundamentally wrong', says container shipping major Industry struggles to see how a 20% levy on cargo transiting the waterway could be calculated, enforced or justified economically
Himalaya Shipping signs new charter for newcastlemax bulker Floating rate is at a 'significant' premium over Baltic Capesize Index
US maritime group scores $2.2bn deal to manage Navy newbuilding programme Landmark contract award by Saltchuk's TOTE Services may set template for future US shipbuilding deals
Ciner extends gas carrier wager to $1bn with more orders to come Turkish shipowner takes its ammonia carrier commitments to nine ships
Marcura buys Fairway Maritime to boost claims management operations Dubai firm agrees deal for US demurrage specialist
Ukrainian drones have hit 116 Russian shadow-fleet vessels in Sea of Azov Nation's Unmanned Systems Forces aims to disable Russian seaborne oil exports
Asia ship robberies sink to seven-year low after Singapore Strait turnaround Coordinated enforcement and shipowner vigilance credited for sharp decline in incidents
DHT fixes VLCC on three-year deal as spot rates soften Owner seeks cover for 11-year-old tanker
Iranian cruise missile attack on VLCCs leaves one seafarer dead and eight injured UAE reports fires and 'serious damage' on two 'national tankers'
Tanker crewman pleads guilty over $6.4m cartel cocaine haul hidden in rubbish Filipino Ceasar Tubay Gelacio Jr pleads guilty in the US
DNB expands shipping loan book as crude tankers form biggest part of portfolio DNB Carnegie boosts income with equity and bond deals
DOF seals four-year charter worth up to $200m for super-large ship The Oslo-listed owner says deal will begin later this year
Hapag-Lloyd hikes profit forecast on higher freight rates Estimates soar as freight rates hit their highest levels for nearly two years
Iran 'cruise missile' attack on VLCC and LNG carrier leaves one seafarer dead and eight injured UAE reports fires and 'serious damage' on two 'national tankers'
Greek owner Andriaki boosts tanker fleet with first newbuildings in 10 years Conservative tanker firm breaks a decades-long pattern of ordering almost exclusively at Japanese and South Korean yards
Iran 'cruise missile' attack on two VLCCs leaves one seafarer dead and eight injured UAE reports fires and 'serious damage' on two 'national tankers'
Chinese bulk commodity trader debt workout clears another hurdle Debt workout advances as investor hunt broadens
Laskaridis recycling move shines spotlight on critical state of global reefer fleet With 70% of the fleet above the age of 30 and no replacements in sight, the future of reefer shipping looks bleak
EMF charters out $400m VLAC newbuildings to trading giant Trafigura Danish owner seals deal for its three gas carriers being built in South Korea
JUB Pacific breaks into AHTS sector with Vietnamese purchase Singapore owner diversifies from liftboats in secondhand deal
BulkLoads expands ag freight footprint with Livestock Network acquisition BulkLoads is expanding its presence in agricultural transportation through the acquisition of Livestock Network . Executives say the acquisition will unite two of the trucking industry's longest-established freight communities while giving livestock haulers access to a broader suite of business services. Springfield, Missouri-based BulkLoads announced Monday that it has acquired Livestock Network
NEW: Trade turbulence turns to record volume for top U.S. port The Port of Long Beach delivered its third busiest June on record, moving 779,000 twenty foot equivalent units (TEUs), a 10.6% increase compared with the same period a year ago. The strong performance marks the second consecutive month of year-over-year gains, bringing year-to-date volume to more than 4.8 million TEUs, nearly 2% ahead of the first half of 2025's record-setting pace. Dr. Noel Hace
Fuel surcharges push parcel shipping rates near record high The express parcel rate per package sequentially climbed 5.9% in the second quarter driven by elevated fuel surcharges, higher billed weight and a rise in premium service, and is expected to rise 11% year over year in the current period, according to a latest benchmark report from AFS Logistics and TD Cowen investment bank released on Tuesday. The TD Cowen/AFS Freight Index for express parcels is
Envoy AI unveils autonomous digital workforce for logistics teams Envoy AI is introducing a new artificial intelligence platform aimed at changing how freight brokerages manage day-to-day operations by deploying autonomous digital workers capable of executing freight tasks alongside human employees. The San Francisco-based logistics technology company announced Tuesday the launch of Ellie Workforce, describing it as an operating system for autonomous freight ex
TL, LTL rates to hit new highs in Q3 Truckload and less-than-truckload rate indexes established fresh highs in the second quarter as the freight industry recovers from a nearly four-year downturn. Rates are expected to continue to move up and to the right in the third quarter, according to a Tuesday report from 3PL AFS Logistics and financial services firm TD Cowen. Supply-side correction favors large TL carriers Truckload rates hit
Russia, Strait of Hormuz combining to drive diesel higher after declines The benchmark price used for most fuel surcharges moved higher after nine consecutive increases with the prospect of even higher prices increasingly likely. The Department of Energy/Energy Information Administration average weekly retail diesel price rose 21.8 cents/gallon to $4.796/g, effective Monday and published Tuesday. The increase retraces only a relatively small part of the nine-week decl
Jaxport adds new Asia-LatAm-Med container service Zin and Mediterranean Shipping Co. made the first call at the Jacksonville (Fla.) Port Authority as part of a new service connecting the Florida hub with destinations on three continents. The Sapphire was the first vessel to call Jacksonville as part of the ZCP-Amberjack container service, a rotation linking major container gateways in Asia with expanded access via connections to Latin America, t
Big Rig Crash Closes Eastbound I-80 Near Donner Pass A big rig crash closed eastbound Interstate 80 near Donner Pass early Tuesday morning, causing major traffic delays in California's Sierra Nevada. According to CBS News, the crash happened shortly after 3:30 a.m. near the Donner Pass Commercial Vehicle Enforcement Facility, east of Truckee. According to reporting from CBS News Sacramento, the crash happened shortly after 3:30 a.m. near the Donner
Freight Distress Report: Carrier, logistics closures erase over 245 jobs Four companies are eliminating nearly 250 jobs at logistics and distribution facilities across New Jersey, North Carolina, Illinois and California, while nine transportation- and logistics-related companies have recently sought bankruptcy protection. The latest bankruptcy filings and layoff notices highlight continued financial stress across trucking, freight forwarding, warehousing, trailer manu
Norfolk Southern conductor struck, killed by train in Indiana A Norfolk Southern conductor was killed on Thursday when he was struck by a train in Indiana. The conductor, Scott Shoemaker, 57, of Toledo, was struck by a westbound train at around 3:52 a.m. in Whiting, Ind. Shoemaker, who was working an eastbound train, was trackside to inspect the westbound as it passed. The National Transportation Safety Board is investigating, The Toledo Blade reports. "We
Don't Get in Trouble Again, C.H. Robinson: AI Everywhere Except Carrier Vetting Is a Problem ( The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. ) C.H. Robinson is having an AI moment. Its CEO, Dave Bozeman, has been publicly promoting the company's Lean AI transformation, including AI agents, automation, productivity gains, appointment scheduling, quote responses, load tracking, and the broader message t
Index of driver pay, product of two companies, is surging An index of driver pay levels has soared in recent months and is at an all-time high. The joint index jointly calculated by AscendTMS and Superior Trucking Payroll Services has been calculated since 2020, but had not been widely publicized previously, according to Tim Higham, CEO of AscendTMS. Higham said he posted it occasionally to his LinkedIn page, and it is on Superior's website as well. But
Project44 forms two new businesses, launches AI-native LSP44 In a strategic restructuring that reflects the fundamental differences between how shippers and logistics service providers buy technology, project44 announced today that it is separating into two focused businesses. project44 will continue serving enterprise shippers as a decision intelligence platform, offering TMS, visibility, yard management and last-mile solutions. Meanwhile, LSP44 launches
DP World plans UAE port, container terminal to bypass Strait of Hormuz: Report Dubai Ports World plans to develop a new port and container terminal on the east coast of the United Arab Emirates, to bypass the Strait of Hormuz. The project would be located near Fujairah and lessen dependence on the UAE's Port of Jebel Ali, the busiest container gateway in the Persian Gulf, according to a report by the Financial Times, citing people familiar with the plans. DP World operates
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