Maritime State Development Council meeting commits to Centre-State coordination for integrated maritime growth, One Nation One Port Process reforms, electronic publication of port tariffs
Record exchange of 18,381 TEUs at PSA Mumbai
Suez Canal container ship transits exceed 50% of pre-disruption levels
DGMA and EDF sign MoU in Mumbai to drive India's maritime decarbonisation
New Mangalore Port Authority crosses 26 million tonnes in cargo, up 7.68 pc
India and Canada push to fast-track trade pact talks with year-end deadline
Indian rice exporters target significant freight cost reduction for basmati shipments to Iraq
India-US bilateral trade pact not imminent: USTR Greer
ADNOC eyes expanded energy partnership with India through long-term LPG agreements
Treating Container Doors as safety-critical assets in the global supply chain
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India condemns Hormuz tanker attacks as two Indian seafarers go missing
PM GatiShakti National Master Plan at 5: Significantly boosting integrated infrastructure planning and development in the country
AI having a transformative impact on logistics and supply chains: Report
Bangladesh secures $335 million Chinese loan to upgrade Mongla Port
Visakha Container Terminal wins Best Environmental Project Award
India positions Andaman and Nicobar Islands as strategic Indo-Pacific trade gateway
USCG awards Silver Ships two FMS projects Theodore, Ala.-based aluminum workboat builder Silver Ships Inc. reports that it has been awarded two U.S. Coast Guard Foreign Military Sales (FMS) projects that will support foreign militaries in El Salvador and
FMC seeks to slap Spanish-flagged ships with U.S. port fees After investigating reports of restrictive port practices by the Government of Spain, the Federal Maritime Commission (FMC) has determined that Spain has created unfavorable shipping conditions against U.S.-flagged vessels. In order to
Ocearch shark research vessel undergoes major refit at JMR Ocearch, a non profit with a focus on shark research and conservation, reports that its primary research vessel, M/V Ocearch, is undergoing a 10-year refit at Jacksonville Machine & Repair (JMR), marking
Deadlines approaching for FERRIES 2026 registration and hotel rates With Marine Log's FERRIES 2026 just weeks away, attendees are encouraged to finalize their plans before discounted hotel and conference registration rates expire next week. The 39th annual event, taking place November
Fincantieri backs robotics and physical AI to build its shipyard of the future Aiming to make production processes increasingly efficient, safe, and competitive, Fincantieri is accelerating the transformation of its shipyards through the integration of advanced robotics, physical AI, and next-generation automation systems. This is
Rafaela Castells joins Jones Walker in Miami With maritime disputes increasingly demanding counsel who can navigate both complex litigation and international arbitration, law firm Jones Walker has named Rafaela Castells a partner in its Miami maritime practice group, strengthening
Singapore launches multi-fuel bunkering initiatives and digitalisation advances The 24th Singapore International Bunkering Conference, organised by the Maritime and Port Authority of Singapore and themed Charting a Resilient Multi-Fuel Future, opened on October 13, 2026, welcoming more than 2,000 maritime professionals from over 60 countries. Senior Minister of State Murali Pillai officiated the opening, with a series of initiatives announced across ammonia bunkering, LNG an
Investment has been announced for PhilaPort Pennsylvania Governor Josh Shapiro has announced a US$ 371.5 million Commonwealth capital investment in the Port of Philadelphia, which will unlock an additional US$ 466 million in private sector and federal grant funding to support the largest expansion in PhilaPort's history. The total combined investment of US$ 837 million is expected to create more than 6,000 new jobs, generate US$ 45 million
Lloyd's Register, Shell and GTT explore hybrid-electric LNG carrier design Lloyd's Register (LR), Shell and GTT have launched a joint development project to explore the design of a 200,000 m³ LNG carrier equipped with hybrid-electric propulsion. The project will combine battery technology with GTT's NEXT1 cargo containment system. The three companies will assess whether the proposed design could improve fuel efficiency, increase operational flexibility and reduce the ov
BNSF expands Overhaul partnership to strengthen intermodal cargo security BNSF Railway has expanded its exclusive partnership with Overhaul to improve cargo security across its 32,500-mile rail network in North America. The agreement strengthens the companies' existing collaboration, which has been in place for nearly a decade. The partnership combines BNSF's security systems and police department with Overhaul's real-time cargo monitoring technology. The aim is to ide
Container ship sinks near Strait of Hormuz A Singapore-registered container ship has sunk after being struck by an unknown projectile while transiting the Strait of Hormuz, as reported by Singaporean authorities. The 2,824 TEU GFS Pride sustained damage and caught fire following the incident on 13 October. All 21 crew members were safely evacuated, with no injuries reported. The MPA said it was in contact with the vessel's management comp
Freightos Weekly Update: Attacks disrupt Saudi air cargo; China-Europe air rates slump Multiple Houthi missile attacks on Saudi Arabia's Riyadh airport since late last week mark another serious escalation of the Saudi - Houthi conflict. Saudi Arabia has promised retaliation for the deadly strikes which have shut down airport operations in Riyadh. Interceptions at the airport in Dammam and attacks on other airports have led to disruptions and cancellations at other hubs as well. The
Starnav takes delivery of Brazil-built hybrid offshore vessel Starnav Serviços Marítimos has taken delivery of Starnav Elektra, the first hybrid platform supply vessel (PSV) designed and built in Brazil. The vessel was constructed by Detroit Brasil at its Itajaí shipyard and delivered to ABS class. The 92.1-metre vessel has a deadweight capacity of 5,500 tonnes and will operate under a long-term charter with Petrobras. It will support the company's offshor
Agility agrees to sell Tristar to Aegis Logistics in US$1.5 billion deal Agility Global has agreed to sell its entire stake in energy logistics company Tristar to India's Aegis Logistics in a transaction valued at US$1.5 billion. The deal values Tristar's equity at US$882 million and is expected to close before the end of March 2027, subject to regulatory approvals. The enterprise valuation represents approximately six times Tristar's 2025 EBITDA. The proposed acquisi
LX Pantos opens logistics technology lab to advance robotics and AI LX Pantos has opened a new technology laboratory at its MegaWise Cheongna Logistics Center in Incheon, South Korea, as the company expands its use of robotics and artificial intelligence in warehouse operations. The facility, known as the Technology-Driven Logistics (TDL) Lab, will test automation technologies and assess how they can be integrated into daily logistics activities. The initiative f
ENGIE and CMA CGM advance Le Havre biomethane project ENGIE and CMA CGM have signed a framework agreement to develop a biomethane production facility in the industrial-port area of Le Havre, France. ENGIE will lead the project's technical development and permitting process. Subject to a final investment decision, the energy group will also oversee the construction and operation of the facility. From 2029, the plant is expected to supply CMA CGM's fl
China signs $336 million deal to build two container jetties at Bangladesh's Mongla Port After long delays, China has finally granted and signed a $336 million loan agreement with Bangladesh to build two container jetties at Mongla Port, the country's second-largest seaport. The deal was signed in Dhaka on Monday, October 12, by Economic Relations Division (ERD) Joint Secretary Alia Meher on behalf of Bangladesh and EXIM Bank Assistant General Manager Fengjun Tian on behalf of China.
Axpo completes first LNG bunkering of containership in Valencia Axpo has completed its first liquefied natural gas (LNG) bunkering operation at the Port of Valencia, Spain, supplying a container vessel with a fuel mix containing more than 50% bio-LNG. The ship-to-ship operation took place on 13 October 2026 using Axpo's Alisios bunkering vessel, which has a capacity of 12,500 m³. The operation marks Axpo's entry into LNG bunkering at Valencia, making it the f
Africa shipping costs: What CMA CGM, Maersk and Hapag-Lloyd surcharges reveal Recent surcharge announcements from CMA CGM, Maersk and Hapag-Lloyd reveal how differently container shipping costs are evolving across African markets, with pricing adjustments linked to peak season conditions, port congestion and equipment imbalances. The latest measures cover several trade corridors, including Asia-South Africa, Southeast Asia-West Africa and exports from Angola. Although anno
Bluecore Energy secures nuclear fuel for maritime power development Bluecore Energy has purchased low-enriched uranium for its first maritime nuclear energy system, marking progress in its plans to develop floating nuclear power technology. The US company acquired uranium hexafluoride (UF6), enriched to 4.95% uranium-235, from WMC. The material is currently stored at a nuclear fuel facility outside California. It will support future fuel production, testing and v
Explainer: Are vessels still exposed on Houthis strikes? Why the width of the Houthi target set, not the strikes on Riyadh, will decide Red Sea shipping risk
ABS and US Department of Energy partner on maritime nuclear technology The American Bureau of Shipping (ABS) and the US Department of Energy (DOE) have signed a memorandum of understanding to advance the development of nuclear technology for commercial maritime applications. The agreement covers nuclear-powered vessels, floating nuclear power facilities and the infrastructure required to support their operation. It also aims to strengthen US shipbuilding capabilitie
DHL expands healthcare cold chain network with six new air corridors DHL Global Forwarding has expanded its healthcare cold chain network with six new dedicated air cargo corridors connecting Europe and North America with major pharmaceutical markets across Asia. The expansion is designed to improve the transportation of temperature-sensitive healthcare products, including pharmaceuticals, vaccines, biologics and clinical trial materials. It also provides customer
CEVA Almajdouie and Port of NEOM collaborate on multimodal freight connectivity CEVA Almajdouie Logistics and Port of NEOM are working together to strengthen multimodal freight connections between the Red Sea and inland markets across the Middle East. The collaboration aims to improve cargo movements between Europe, Egypt, the Gulf Cooperation Council (GCC) countries and Iraq by combining maritime access with road transport, warehousing and customs services. The initiative b
Lloyd's Register and Sagar Defence partner on maritime autonomy certification Lloyd's Register (LR) and Sagar Defence Engineering Limited (SDEL) have signed a memorandum of understanding (MoU) to support the certification and regulatory acceptance of autonomous and remotely operated maritime systems. The collaboration aims to establish practical procedures for assessing the safety and reliability of autonomous technologies before their deployment. It will combine LR's expe
Eurogate orders automated stacking cranes for Wilhelmshaven terminal Eurogate has ordered four Automated Stacking Cranes (ASCs) from Konecranes for its Container Terminal Wilhelmshaven in Germany, as part of its efforts to expand terminal automation. The order was placed through Eurogate Terminal Solutions GmbH and booked by Konecranes in the third quarter of 2026. The cranes are scheduled for handover in the second quarter of 2028. The agreement also includes an
Shipyards as the new front of great-power competition EU sanctions on Russia's naval yards and a Hanwha-built Jones Act containership show two sides of the same contest
Hapag-Lloyd updates Southwest Africa surcharge Hapag-Lloyd will revise its Peak Season Surcharge for shipments from Asia and Oceania to several Southwest African destinations. The updated surcharge will apply to cargo loaded on board from 25 October 2026 and remain valid until further notice. Southwest Africa surcharge coverage The PSS will be US$800 per TEU and apply to all container types originating from China, South Korea, Japan, Southeas
Capital Maritime Finance advances Athens IPO to fund fleet expansion Capital Maritime Finance Corp. has opened the public offering for its planned listing on Euronext Athens, seeking fresh capital to support its containership investment programme. The company is offering up to 42 million new common shares to qualified and retail investors in Greece. The public offering runs from 13 to 15 October 2026, while all company shares are expected to be admitted to the Mai
China P&I seeks seat at global insurance top table China Shipowners Mutual Assurance Association, better known as China P&I Club, has formally applied to join the International Group of P&I Clubs, potentially bringing a mainland Chinese insurer into the powerful marine insurance grouping for the first time. The International Group confirmed it had received the application after China P&I chairman Xu Lirong and other ...
EuroDry adds third $37m kamsarmax at Hengli Aristides Pittas-led EuroDry has returned to China's Hengli Shipbuilding for another kamsarmax, adding a third 82,000 dwt newbuilding to a fleet renewal programme now worth almost $183m. The Nasdaq-listed dry bulk owner is paying about $37m for the latest vessel, which is scheduled for delivery in the third quarter of 2029. The contract remains conditional ...
Shipping firms and ports caught in mass cyber extortion claim A cyber extortion group has threatened to publish data it claims it stole from 38 shipping, port, and logistics companies unless they pay multimillion-dollar ransoms by October 19. Cybersecurity firm SOCRadar said the group, known as n0n, added the 38 organisations to its dark web leak site in a single batch on October 12, marking ...
Zhonggu steps up boxship investments with larger newbuilds China's Zhonggu Shipping Group has signed up for two 14,000 teu containerships at Hudong-Zhonghua Shipbuilding, moving into significantly larger tonnage as investment across the group gathers pace. The Shanghai-based company has contracted the conventionally fuelled pair, without disclosing the value or delivery dates. The agreement adds another large containership series to Hudong-Zhonghua's exp
Pyxis buys out boss's ultramax stake in $6.8m deal Nasdaq-listed Greek shipowner Pyxis Tankers has agreed to acquire the remaining 40% stake in one of its ultramax bulkers from a company linked to its chairman and chief executive, Eddie Valentis. The deal, valued at approximately $6.83m before a separate working capital adjustment, will give Pyxis full ownership of the company holding the 2016-built Japanese ...
Tsakos returns to containership contracting in China Greek shipping group Tsakos has returned to the containership newbuilding market, emerging behind an order for two 3,200 teu vessels at China's Hengli Heavy Industries. The pair appear in the Athens-based owner's latest fleet register, with both scheduled for delivery in the fourth quarter of 2028. Both will be scrubber-fitted and equipped with alternative maritime ...
CBED expands fleet with Seaway 7 CSOV Danish offshore accommodation specialist CBED has acquired the Seaway Moxie from Seaway7, adding a fourth vessel to its fleet. The 2014-built commissioning service operation vessel (CSOV) has already been delivered and will be renamed Wind Dedication. The UK-flagged vessel can accommodate up to 60 people, including crew. It joins Wind Innovation, Wind Creation and Wind ...
India's Aegis takes over Dubai tanker and logistics group Tristar India's Aegis Logistics has struck a deal to acquire 89.8% of Dubai-based Tristar for $809m, taking control of a global energy logistics group with a sizeable tanker and dry bulk shipping operation. The Mumbai-listed group is buying the stake through Singapore-based Aegis Logistics International from shareholders including Agility, Gulf Investment Corporation and Diamond Holdings. The ...
Seadrill hit with $55m bill in long-running rig dispute Offshore rig owner Seadrill has been ordered to pay around NOK525m ($55m) to an SFL Corporation subsidiary after losing an appeal in a long-running dispute over the condition of the semisubmersible drilling rig Hercules when it was returned to its owner. Norway's Borgarting Court of Appeal unanimously found that Seadrill breached its contract when it redelivered ...
CIP enters UK offshore wind project after Macquarie consortium exit Copenhagen Infrastructure Partners (CIP) has acquired a 25% stake in the Five Estuaries offshore wind project in the UK from a Macquarie-led consortium, marking the development's second ownership change in a matter of days. Copenhagen Infrastructure V, CIP's fifth flagship fund, acquired the stake. Financial terms were not disclosed. After the transaction, EDF will own ...
Falklands offshore development faces new international legal challenge The dispute over offshore oil development around the Falkland Islands has escalated, with Argentina seeking emergency measures from an international maritime tribunal while the UK moves to protect companies involved in economic activity linked to the islands. Argentina filed a request with the International Tribunal for the Law of the Sea (ITLOS), seeking provisional measures ...
Japan prepares to pay for oil's long way round Japan is preparing to subsidise the additional cost of importing oil from suppliers outside the Strait of Hormuz, in a significant government intervention aimed at reducing the country's dependence on the increasingly dangerous waterway. The Japanese cabinet approved three bills yesterday designed to diversify energy imports, support tanker insurance and finance alternative oil transport infrastr
SmartSea links crew travel and gangway access in dual launch Maritime technology provider SmartSea has launched two connected platforms aimed at simplifying crew changes, linking journey planning with digital identity checks at ports and vessel gangways. SmartJourney brings together flight information, ground transport, accommodation, vessel schedules and crew rosters in one interface. It tracks travel status in real time, allowing crewing teams to respond
Cargill finds fuel savings hidden in port queues Cargill Ocean Transportation has demonstrated how cutting speed on the approach to congested ports can reduce emissions by up to 11% on individual ballast legs, according to new research spanning Brazil and Australia. The Global Maritime Forum analysed 16 ballast voyages at three ports using different systems to align vessel arrivals with berth availability, finding ...
The floating container platform turning heads Every so often a ship comes along that makes even seasoned shipping watchers look twice. Meet the Fan Zhou 8, an extraordinary floating container platform that has just carried more than 3,000 teu out of China. According to Alphaliner, German independent carrier Carrier53' Shipping chartered the 2024-built, 58,405 dwt heavy-load deckship from China's Jiangsu Fanzhou ...
Hormuz shock briefly makes biofuel the cheapest bunker option The upheaval in global energy markets caused by the war in the Middle East has produced an unexpected winner in the marine fuels market, with biodiesel briefly emerging as the cheapest bunkering option in Rotterdam once European carbon costs are factored in. A new white paper from energy pricing specialist General Index and the London ...
Elisabeth Braw: The Undersea War A ship's anchor can wreak havoc on the world's undersea infrastructure, something that has provided plenty of rich material for Splash reporting in recent years. For Elisabeth Braw, the Cook Islands-flagged tanker Eagle S provides one of the most brazen examples. On Christmas Day 2024, the vessel was accused of dragging its anchor 90 km ...
Philadelphia secures $837m expansion funding The Port of Philadelphia in the US is set for an $837m expansion programme following the announcement of $371.5m in state funding, which will unlock a further $466m in private and federal investment. The programme will increase the port's container-handling capacity by 122% and vehicle-handling capacity by 18%. Pennsylvania's funding package includes $145m for land ...
The Daily View: When shipping stops, crises spread
Expect tougher P&I renewal round, Standard & Poor's warns shipowners International Group clubs are expected to seek more modest premium increases than in recent years, but strengthened capital positions and...
Marinakis' boxship IPO in Athens begins Price range of €7 to €7.68 set for new shares
Containership sinks in Strait of Hormuz as attacks on shipping intensify The reported loss of a feeder containership and the possible sinking of a bulk carrier underline the growing toll of...
Brussels races to lock in shipping's ETS billions as battle shifts from taxation to who gets the money European shipowners are entering a crucial fortnight in Brussels with most of their core demands already reflected in the EU...
Suez recovery gathers pace, but sector split points to limits ahead Containerships led growth through the Suez Canal in September as large vessels returned to the Red Sea, while geopolitical disruption...
Secondhand containership values rise further amid fierce competition for available vessels A continued return to Suez Canal routings and the industry's large newbuilding orderbook are expected to eventually weigh on containership...
Chinese leases and Jolcos still OK under forthcoming EU lending rules But watch out for differing country-by-country interpretations of CRD VI package
Economics still key as Singapore premiers alternative bunkering initiatives Shell Singapore has called for more clarity and less fragmentation ahead of MEPC85 as alternative fuels remain top of mind...
Russia dashes hopes of Black Sea maritime truce as attacks on shipping escalate Russia has rejected renewed calls for a Black Sea maritime truce, linking any ceasefire to wider wartime objectives as a...
Chinese lessors risk forfeiting legal protections by tolerating Hormuz transits A seasoned shipping lawyer warns that Chinese lessors' tolerance of Hormuz transits could leave them exposed to sanctions risk and...
Daily Briefing LR product tanker indexes hit all-time high as Pacific cargoes rebound | Norway to suggest voluntary carbon payments in NZF...
FMC floats port fees for Spanish ships, import restrictions The proposals stem from a December 2024 investigation that found Spain created unfavorable conditions for US trade by barring US-flagged vessels from its ports.
Savannah's new terminal sets 2028 work start following permit approval Construction of the $2.3 billion Savannah Container Terminal is expected to start in January 2028, with the facility expected to handle the largest container ships once it's completed in the 2030s.
Container ship sinks in Strait of Hormuz after attack Two vessels from the same feeder operator were hit in the waterway, with one catching fire and sinking while the other has limped to a safe anchorage.
Tesla driving intermodal surge from Southern California to Houston The electric vehicle manufacturer is importing goods into Los Angeles and Long Beach and railing them to its two factories in the Houston area, according to multiple sources.
Rising Suez vessel transits have North Europe hubs on edge A key concern of hubs in the region is that as container services move to the shorter Suez route, they'll begin to overlap ships on services still sailing around southern Africa, creating a bunching effect at the ports.
Airlines move capacity to booming China, Hong Kong outbound markets Freighter operators are adjusting aircraft deployment, schedules and allocations as booking activity takes off on trans-Pacific, intra-Asia and Africa routes.
Brokers report huge price for 22-year-old VLCC storing oil off Singapore The former Cosco tanker Southern Emperor is said to have fetched $110m
EuroDry orders third kamsarmax at Hengli as Pittas expands newbuilding programme Nasdaq-listed owner now has five bulk carriers on order in China
Energy trader BGN returns to South Korean yard for VLGC newbuildings Istanbul-based company has ordered a total of 10 dual-fuel 93,000-cbm VLGCs at HD Hyundai this year
Ismini Panagiotidi company deepens container ship play with second investment Greek owner's Icon Energy takes stake in feeder vessel with charter attached
El Nino and return of Qatari volumes are key LNG forecasting factors, Poten says Consultant's figures reveal extent of incoming new US LNG wave
Energy trader BGN returns to Korean yard for VLGC newbuildings The Istanbul-based company has ordered a total of 10 dual-fuel 93,000-cbm VLGCs at HD Hyundai this year.
Tanker struck by Ukrainian drone runs aground in Turkish nature park Grace Energy-managed vessel was reportedly under tow in the Black Sea
Globus Maritime seals sale and leaseback for latest ultramax delivery Deal with Japanese firm is the third of its kind for Greek owner's new ultramaxes
Capesize bulker said to be sinking three weeks after Strait of Hormuz attack The Cape Dao is reportedly going down in the contested strait
Greek owner Liquimar Tankers ends two-decade newbuilding hiatus with suezmax order Dimitris Papadimitriou-led company is said to have ordered three 157,000-dwt crude carriers at Jiangsu Hantong
New Gulf of Oman VLCC futures hit near-record volumes Baltic Exchange says traders embrace new forward freight agreements available on ICE
Container ship sinks as AD Ports vessels come under attack from Iran Trio of Abu Dhabi-controlled ships said to have been targeted in Strait of Hormuz
Iran claims to have sunk container ship as AD Ports vessels come under attack Trio of Abu Dhabi-controlled ships said to have been targeted in Strait of Hormuz
Dynacom latest owner to net rich Red Sea tanker fixture Greek owner fixed two ships at sky-high rates as Bahri pays up for tonnage
Jinhui Shipping sells veteran supramax for price above estimates Hong Kong owner will book an almost $7m gain on the 19-year-old vessel
Tsakos returns to container ship newbuilding market for first time since 2022 Greek owner bets on feeder segment with twin boxship order in China
Emarat Maritime expands orderbook with six panamax product carriers Dubai-based shipping company has 22 newbuildings worth $1.38bn on order in China
CMA CGM bumps up its bio-methane moves in France and Singapore Major new Engie-led facility in Le Harve will supply volumes from 2029
Golfers raise £30,000 for seafarers' charity Seafarers in the spotlight after year of turmoil in world's hotspots
Cambiaso Risso targets Latin America expansion with Brazilian joint venture Italian marine insurance broker forms joint-venture to build a broader presence across Latin America's maritime, energy and offshore sectors
New NYK consortium unveils floating data centre design Shipowner buddies up with designer, renewable energy specialist and financier on port-based solution
Gulf product tanker volumes lag crude as owners remain risk-averse Shuttle runs are much more limited for clean carriers compared to crude ships
Baltic plan to ban Russian grain transit faces legal hurdles, Latvia warns Hiking rail charges or stopping transport altogether is more complicated than it sounds and will require EU backing
Monjasa's CBED snaps up Seaway7 offshore wind ship Danish operator buys vessel built in 2014 to expand its fleet
Former V.Ships exec appointed CEO of marine supplier Wrist Group Robert Desai will take up position on 2 November
China P&I bids to join European-dominated insurance club Officials submit application to become 13th member at meeting in London
Recyclers call time on decade of failed dreams for crypto-linked cruise ship Final voyage for vessel that was last owned by a crypto king will finish at a Turkish ship recycling yard
Intra-Asia liner player splashes out on order for its largest container ships Zhonggu Logistics orders neo-panamax pair at Hudong-Zhonghua Shipbuilding
Tanker rate boom could outlive Middle East war, says IEA International Energy Agency says longer trades and stock rebuilding will add to profits
Greek owners fix VLCCs as charterers curb Brazil rate surge Angelicoussis and Lykiardopulo vessels accept lower Worldscale levels into China
Black Sea attacks see Russian suezmax tanker rates into India hit record high Vessel attacks and global rally lift costs of exports
Toro seals $22.5m loan as it completes spin-off of LPG carriers Petros Panagiotidis company is now a pure-play product tanker company
Heidmar chartering boss Andreas Konialidis steps down from board Greek executive is the deputy CEO and commercial chief of Evangelos Marinakis-backed Capital Tankers
John Fredriksen's SFL awarded $55m in Seadrill rig dispute Oslo court of appeal upholds ruling from 2025
'Stars aligned' for shipowners in Nordic bond market, says DNB Carnegie Timing might be better than many think, head of credit research says
Swan Defence undercuts rival shipbuilder in bid for SCI product tanker quartet Indian yard is lowest bidder at $48.9m per ship, reportedly $4m below state-owned rival Cochin Shipyard
Intra-Asia liner player splashes out on order for its largest-ever container ships Zhonggu Logistics orders neo-panamax pair at Hudong Zhonghua Shipyard
Maersk joins pioneer ethanol trial in Singapore as port plots floating LNG storage Landmark bioethanol trial will test whether existing methanol bunkering rules can support another alternative fuel
Singapore has the tankers for ethanol bunkering. So what is stopping it? Bunker suppliers point to unresolved licensing and tax questions as shipowners demand competitive prices
English language rule's comments bring criticism from Sikh organization With the more than 2,200 comments filed to the Federal Motor Carrier Safety Administration are overwhelmingly in favor of codifying current regulations on English Language Proficiency (ELP), the few urging caution tend to stick out. That is particularly true in the case of the Sikh Coalition, which is not a trucking-specific organization but one that given the large number of Sikh drivers on U.S.
Waabi signs Warrior Logistics for Dallas-Houston freight Waabi and Warrior Logistics announced a commercial partnership Wednesday to move routine customer freight on Waabi Driver-powered autonomous trucks between Dallas and Houston. Warrior, an asset-based carrier headquartered in Coppell, Texas , has added a fleet of Waabi's trucks to its network to haul recurring shipments for food and beverage, consumer goods and other customers. The companies began
Intermodal: Freight's MUST-HAVE in Volatile Markets Intermodal conversion is no longer an option but a necessity for shippers, driven by past supply chain chaos and persistent fuel costs. FreightWaves Finance Editor Todd Maiden breaks down J.B. Hunt's strategic plays in intermodal and dedicated, revealing how major carriers are navigating current market headwinds and positioning for future growth. Learn which segments are poised to win in the comi
Why Rail Is Booming: Intermodal & Carload Growth Explained US rail traffic is surging, with intermodal and carload volumes hitting new highs. This isn't just a few bright spots; growth is broad-based across nearly all industrial sectors, driven by tight trucking capacity and high diesel prices. Find out what this means for the broader industrial economy and if this "renaissance" is here to stay. U.S. intermodal rail traffic jumped 10.4% year-over-year in
Democratizing Trucking Tech: What Small Fleets NEED to Know The trucking industry is rapidly evolving, making cutting-edge technology a must-have for carriers of all sizes. Learn how Datatruck is transforming the landscape for small and mid-sized fleets, offering advanced TMS solutions that help them boost profits, cut costs, and gain unparalleled operational visibility. Jordan Kidd, Head of Product at Datatruck, explains why legacy systems are failing to
Freight Market Alert: Why October's Tender Rejections Hit 14% Unexpectedly The SONAR Truckload Rejection Index is skyrocketing, hitting an unexpected 14% in October - a significant development outside normal seasonal patterns. This isn't driven by a demand spike, but rather by persistent market imbalance and insufficient supply across the country. Key regions like Los Angeles, Harrisburg, and Atlanta are showing unusual disruptive activity, with spot rates rising in cri
Houthi attacks add new geopolitical risk to softening container rates Repeated Houthi missile and drone attacks on Saudi Arabia's airports and energy infrastructure have sharply escalated the Saudi-Houthi conflict, raising the prospect of renewed disruption to Red Sea shipping as the 2027 contract-tendering season gets underway. Saudi Arabia has vowed a "serious response" after strikes on Riyadh's King Khalid International Airport killed at least 14 people and inju
Volvo takes aim at vocational trucks with 540-hp VNX launch SHIPPENSBURG, Pa. - Volvo Trucks North America unveiled the all-new VNX on Wednesday, a vocational and heavy-haul truck built for a segment where Volvo is looking to expand its market reach. Peter Voorhoeve, president of Volvo Trucks North America, put the company's share of North American vocational sales at 2% to 3%. The VNX shares an electrical architecture with the long-haul VNL and regional-
Freight broker alleges customer theft, kickbacks in lawsuit against rival Edge Logistics has sued rival freight broker Freight Tec Management Group and four former employees, alleging they diverted customers through a scheme involving confidential information and kickbacks funded by inflated freight charges. The 51-page federal complaint, filed Sept. 30 in the U.S. District Court for the Northern District of Illinois, alleges that the employees secretly established com
New chief for DP World Americas DP World has appointed Morten Johansen as chief executive officer of its Americas region, placing a longtime ports and logistics executive in charge of the company's operations across North America, South America, and the Caribbean. Johansen made the announcement in a LinkedIn post Oct. 13. He succeeds Brian Enright, who served in the dual positions since Oct. 22. Johansen has more than 25 years
Philadelphia ports sets $837 million expansion, first new berth in 50 years Pennsylvania will spend more than $371 million at the of Philadelphia, a commitment that officials say will unlock $466 million in federal grants and private investment as part of a $837 million expansion described as the largest in the hub's history. The plan is expected to increase container capacity by 122% and automobile capacity by 18%, add more than 6,000 jobs, and generate $45 million in a
LTL rates hit new high in Q3, moving higher in Q4 Less-than-truckload rates hit a new high in the third quarter and are expected to finish the year even higher, according to a report from AFS Logistics and financial services firm TD Cowen. The LTL rate-per-pound component of the TD Cowen-AFS Freight Index finished the third quarter 78.8% above its January 2018 baseline. That was 11.9 percentage points higher year over year and 1.1 points above t
Is UPS parcel pivot a strategic winner or a 'Trojan horse'? ORLANDO, Florida - For 18 months, United Parcel Service management has talked about shedding unprofitable e-commerce volume to concentrate on more complex, premium services in sectors like B2B distribution, healthcare, automotive and small enterprises. Many hear that to mean UPS intends to walk away from lightweight B2C delivery space, now crowded with lower-cost competitors, especially after pha
Nebraska deputies recover $250K stolen copper load 50 miles past Iowa destination A Nebraska traffic stop uncovered more than $250,000 in stolen copper inside a semi-truck on October 7. Lancaster County's Criminal Interdiction Unit stopped the vehicle around 2 p.m. on Interstate 80. Deputies saw the trailer leaning heavily after the load shifted toward the passenger side. The driver could not provide vehicle registration, a bill of lading or basic freight details. Authorities
Parcel shipping costs approach record high as extra charges stack up Sharp increases in rates and extra fees have continued into the fourth quarter, putting 2026 on track to be the most expensive year on record for parcel shipping as carriers strive to maximize revenue, according to the latest market snapshot from investment bank TD Cowen and AFS Logistics. Analysts say the onslaught of surcharges is spurring businesses to diversify their vendor pool and helping a
Pilot, Tesla open first Megacharger site, 12 more underway Pilot Travel Centers and Tesla have opened their first Megacharger site for heavy-duty electric trucks, Pilot said Oct. 8 . The site, at a Pilot travel center in Ellabell, Ga., has six charging stalls. Twelve more heavy-duty sites are under construction, and three are nearly finished: a Flying J in Tulare, California, which opened Oct. 9; a Flying J in Fort Stockton, Texas; and a Pilot in North L
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