Jumbo Offshore completes mooring pre-installation for Errea Wittu FPSO Schiedam, Netherlands-headquartered Jumbo Offshore has completed mooring pre-installation activities for the FPSO Errea Wittu for Exxon Mobil Guyana Ltd. at Uaru Field, Stabroek Block, offshore Guyana. The scope of work, carried out
Fincantieri partners with Generative Bionics to develop humanoid shipbuilding robots Humanoid robots that can get into the same spaces that humans can are increasingly seen as part of the solution to shipyard labor and skills shortages. In the not too distant future,
VIDEO: NLB's new Pole Star features Schottel propulsion package Recently delivered by Spanish shipyard Gondan to the U.K.'s Northern Lighthouse Board (NLB), the agency's newest vessel, Pole Star, features a Schottel propulsion package designed to meet the vessel's needs for maneuverability
HJSC partners with DAESUN on deckhouses for eight ships HJ Shipbuilding & Construction (HJSC) has commissioned DAESUN Shipbuilding & Engineering to build deckhouses for eight 7,900-TEU eco-friendly container ships. This marks the first partnership between the two mid-sized Busan shipbuilders for deckhouse construction. Deckhouses are critical superstructures that house the bridge, navigation equipment, crew cabins, offices, and welfare facilities. Eac
Gemini Cooperation adds Antwerp to Europe-Far East network The Gemini Cooperation between Hapag-Lloyd and Maersk will introduce Antwerp as a direct call in its Europe-Far East service starting next month. Since the consortium's launch in February 2025, the Belgian port has been served via transshipment at Tangier, combined with a dedicated shuttle service. The new arrangement upgrades Antwerp's role within the network by integrating it as a direct port o
Yokohama Port to introduce chassis depot to manage trailer flow The Port of Yokohama will introduce an on-chassis depot to level the number of incoming container trailers. The initiative aims to encourage bookings during off-peak hours at container terminals. The Ministry of Land, Infrastructure, Transport and Tourism's Kanto Regional Development Bureau unveiled the plan on Tuesday. The announcement came during a meeting on streamlining container transport at
Kalmar secures major order for hybrid straddle carriers at Maher Terminals Kalmar has secured an order for 30 hybrid straddle carriers from Maher Terminals LLC. The machines will operate at the Maher Terminals marine container terminal in New Jersey. The major order was booked in Kalmar's fourth quarter 2025 order intake. Delivery is scheduled for the fourth quarter of 2026. Maher Terminals operates North America's largest marine container terminal at the Port of New Yo
Explainer: Eastern African ports' dependence geopolitics New analysis reveals how infrastructure investments create leverage when critical shipping route closes. When Houthi attacks forced Suez Canal traffic to collapse by 50% in 2024, the economic pain hit East Africa particularly hard. But the crisis exposed something more troubling than shipping delays: a dependency structure so carefully constructed that China now controls East African trade flows
Caerus Shipping extends East Med Express service to Beirut Caerus Shipping has expanded its East Med Express (EMX) service to include a direct call at the Lebanese port of Beirut, further strengthening connections between the East Mediterranean and the Red Sea region. According to DynaLiners, the fortnightly service, operated by a single 530 TEU vessel, has been extended to Beirut as part of its updated rotation. The revised port sequence now calls at Be
Carriers revise Myanmar service coverage Container carriers are reshaping their Myanmar-related services, introducing new rotations and adjusting vessel deployment across Southeast Asia, according to DynaLiners. CMA CGM's CNC Line will merge the IDLW, YCX and YSX services - previously operated in cooperation with Cosco Shipping Lines (CoscoSL) and Regional Container Lines (RCL) - into a newly branded service named BY8. The new BY8 loop
Maersk moves services to new Puerto Antioquia terminal Maersk has announced a strategic shift in its Colombian operations. Following the commissioning of the new terminal at Puerto Antioquia, the carrier will move its NAE service and the Turbo Feeder away from Turbo. This transition utilizes the most modern facilities at the new site. The NAE service will follow a specific rotation. It connects Philadelphia, Norfolk, and Savannah with Cartagena. Afte
HJSC secures order for two 10,100-TEU container ships HJ Shipbuilding & Construction has signed a KRW 353.2 billion contract with a European shipowner to build two 10,100-TEU eco-friendly container ships. The deal includes options for two additional vessels. The order marks a milestone for HJSC's Yeongdo Shipyard. Container ships exceeding 10,000 TEU have never been built at the 90-year-old facility. The vessels will feature advanced hull designs an
Drewry's World Container Index falls for fifth consecutive week Drewry's World Container Index dropped 1% this week to $1,933 per 40-foot container. The decline marks the fifth consecutive weekly decrease. Weak demand on Transpacific and Asia-Europe routes drove the fall. Spot rates from Shanghai to Los Angeles slipped 1% to $2,214 per container. The Shanghai-New York route also fell 1% to $2,800. Low cargo volumes ahead of factory closures prompted the decli
Ship captain denies deliberate damage to Finnish undersea infrastructure The captain of a container ship that allegedly damaged an undersea cable in Finnish waters is claiming trial to accusations of maliciously damaging the infrastructure. Wan Wenguo, the 43-year-old Chinese national who was at the helm of the Newnew Polar Bear, a 2005-built 1638 TEU vessel in the fleet of Russia-focused Chinese line Yangpu Newnew Shipping, on 11 February pleaded not guilty to one co
CK Hutchison warns Maersk over Panama terminals CK Hutchison Holdings Limited (CKHH) has formally warned A.P. Moller-Maersk A/S that any move by APM Terminals (APMT) to assume control of two Panama port terminals without its consent would trigger legal action and claims for damages. The warning comes as part of a widening dispute between CKHH and the Republic of Panama over the future of Panama Ports Company S.A. (PPC), an indirect subsidiary
AD Ports Group posts record 2025 results AD Ports Group reported record financial results for 2025. Revenue rose 20% year-on-year to AED 20.8 billion. Net profit increased 17% to AED 2.1 billion. EBITDA grew 12% to AED 5.1 billion, with a margin of 24.4%. The Group also generated positive free cash flow for the first time since its 2022 listing. Fourth-quarter performance remained strong. Net profit reached AED 584 million, up 18% year-
Ocean Network Express announces service updates for South America routes Ocean Network Express (ONE) has confirmed significant updates to its service network involving South America. These changes affect both the East Coast South America Express 2 (SX2) and the River Plate Express (RPX) proforma. Consequently, the carrier aims to improve its regional service levels through these strategic adjustments. The SX2 service will adopt a revised port rotation beginning in Apr
CMA CGM updates transatlantic services from North Europe CMA CGM has announced a significant revamp of its transatlantic services. These changes aim to improve coverage between North Europe and North America starting in April 2026. Consequently, ports on the US East Coast will receive more frequent calls and enhanced service levels. The company will also leverage its extensive terminal network across both continents to support these updates. However, t
Explainer: Military build-up transforms Arctic waters into competition zone NATO's launch of Arctic Sentry in February 2026 represents more than alliance coordination it confirms the Arctic's transformation from potential commercial corridor into contested military theater where shipping operations have become collateral damage in great power competition
AD Ports Group joins Douala dry bulk terminal project AD Ports Group has joined Africa Ports Development's (APD) 30-year concession to develop and operate a new dry bulk terminal at the Port of Douala in Cameroon. Under the agreement, AD Ports Group and two UAE partners will own 60% of the operating company, alongside APD's 40% stake. AD Ports Group holds an effective economic interest of 51%. AD Ports Group expects to invest around AED 320 million
Grimaldi takes delivery of ammonia-ready car carrier Grande Michigan The Grimaldi Group has taken delivery of its new vessel Grande Michigan , the eighth ammonia-ready Pure Car and Truck Carrier (PCTC) in its fleet. The ship was built by China Merchants Heavy Industries Jiangsu. The 220-metre-long vessel has a capacity of 9,000 CEU and can carry both electric and conventional vehicles across 14 decks. She has a gross tonnage of 93,145 and a cruising speed of 18 kn
COSCO launches new Asia-Northwest USA/Canada service COSCO Shipping Lines has launched its CPV service, strengthening trade between Asia and North America. The 261.1-meter COSCO Santos departed Yangpu International Container Terminal on January 23, carrying seafood, chemical products, and transshipment cargo from Southeast and South Asia to Seattle. The new service is the first Far East-Northwest USA/Canada route operated from Yangpu Port within th
ADNOC L&S reports record 2025 results ADNOC Logistics and Services (ADNOC L&S) reported record results for 2025. Revenue jumped 41% to $5.02 billion. EBITDA rose 32% to $1.52 billion, keeping a 30% margin. Net profit climbed 14% to $863 million. The fourth quarter remained strong. Revenue grew 35% to $1.19 billion. EBITDA increased 39% to $391 million. Net profit rose 29% to $232 million. Gains came from shipping, integrated logistic
Port of Riga receives first aviation fuel shipment from USA The Port of Riga has welcomed the first ship in Latvian history to deliver aviation fuel from the USA. During this event, SIA Naftimpeks also introduced a new fuel filling and discharging ramp. This facility represents the most modern infrastructure of its kind within the Baltic States. Consequently, the new ramp can handle up to 200,000 tons of fuel every month to supply Riga Airport and local g
ABS delivers ammonia safety report for EMSA The European Maritime Safety Agency published a new report focused on the safety of ammonia as a marine fuel. An ABS-led consortium developed the study. The consortium included the National Technical University of Athens and Fundación Valenciaport. Vassilios Kroustallis, ABS Executive Vice President and Chief Commercial Officer, emphasized the company's commitment. "ABS remains committed to suppo
Maersk announces revised peak season surcharge for Far East to Middle East routes Maersk is updating its Peak Season Surcharge (PSS) for several key trade lanes. These changes affect cargo moving from the Far East to the Middle East. Consequently, the new rates take effect on February 25, 2026. The update covers origins such as China, Vietnam, and Singapore. Furthermore, it includes destinations like the United Arab Emirates, Saudi Arabia, and Jordan. Maersk will apply these f
Maersk and Eurogate line up $1.2bn overhaul for Bremerhaven Maersk's port operating arm, APM Terminals, and Germany's Eurogate are in advanced talks over a long-term partnership that would see €1bn ($1.2bn) invested in upgrading the North Sea Terminal Bremerhaven (NTB). APM Terminals already works alongside Eurogate at the facility. The new investment plan aims to turn NTB into one of the most efficient and ...
Precious Shipping diversifies with MR tanker acquisition Thailand's Precious Shipping has made its first move into the tanker sector with the acquisition of a medium-range product tanker as it looks to diversify beyond dry bulk. The Bangkok-listed owner said its wholly owned Singapore subsidiary, Precious Horizon, has agreed to buy the 2006-built MR tanker Florence for $11.1m. The 48,000 dwt vessel was ...
Halten Bulk doubles down on low-emission shortsea shipping Norwegian shortsea specialist Halten Bulk has signed contracts for up to four 7,100 dwt self-discharging bulk carriers at Jiangsu Soho Marine Heavy Industry. The vessels will be built to the Norwegian Ship Design Company's NSD 105CC design and fitted with rotor sails as part of a package aimed at cutting fuel use and emissions in ...
Sulayem ousted at DP World over Epstein links Dubai-headquartered terminal operator DP World moved to replace one of the ports sector's most recognisable figures on Friday after newly released US Department of Justice files tied CEO and chairman Sultan Ahmed bin Sulayem to the child sex offender Jeffrey Epstein. The Dubai-based logistics group announced Essa Kazim as chairman and Yuvraj Narayan as group ...
BW Offshore and McDermott team to develop blue ammonia FPSO Floater specialist BW Offshore has partnered with Houston-based offshore contractor McDermott to develop a blue ammonia FPSO, merging offshore production expertise with large-scale engineering to unlock low-carbon fuel production. Positioned near gas sources and CO2 storage sites, the integrated unit processes up to 3m cu m of natural gas daily via subsea flowline, yielding over ...
Splash Wrap: The week in shipping in 233 words The US military chased a tanker across the world - from the Caribbean to the Indian Ocean - intercepting it on Monday in Washington's ongoing crackdown on Venezuelan oil exports. Vanuatu warned of a fraudulent website impersonating its registry. The unauthorised website, operating under the domain registervu.com, copied content from Vanuatu's own registry site. In related news, ...
Hanwha Ocean to use GustoMSC design for fresh WTIV order GustoMSC, part of NOV, has been chosen to provide a design for a jackup wind turbine installation vessel (WTIV) set to be built by Hanwha Ocean. The vessel will be built based on the GustoMSC NG-16000X design. Hanwha Ocean, which won an order worth $526m for the WTIV earlier this week from its affiliate Ocean ...
Arkas to trial GenFlat's collapsible containers Utah-based GenFlat Holdings has struck a six-month trial agreement with Turkey's Arkas Line to test the collapsible GenFlat container on a trade route beginning April 2026. The trial will evaluate the container's operational performance and assess savings on empty repositioning, yard space and associated handling fees. GenFlat's boxes collapse in 80 seconds and expand in ...
Cameroon clamps down on shadow fleet as flag purge begins Following pressure from the European Union and Ukraine, Cameroon's government is finally clamping down on shadow ships using its register. Cameroon's flag has grown by 126% over the past 12 months and is now Africa's third-largest, according to data from Clarksons Research, largely thanks to Russian-linked tonnage entering its books. The average age of ships ...
Mubadala taps SLB for for drilling services at Andaman Sea project Houston-based oilfield services giant SLB has been awarded multiple offshore drilling contracts by Abu Dhabi E&P firm Mubadala Energy for work on the Tangkulo natural gas deepwater development in the Andaman Sea, offshore Indonesia. Under the awards, SLB will work with Mubadala Energy to deliver integrated drilling and well services across the full well life ...
CNOOC targets 40% offshore wind capacity ramp up in 2026 China National Offshore Oil Corporation (CNOOC) has announced plans to increase offshore wind capacity by 40% this year, bringing total installed capacity to 3.5 GW. CNOOC chairman Zhang Chuanjiang announced the target, formed in partnership with turbine maker Ming Yang Smart Energy, will deploy advanced turbine models across China's southern provinces. The expansion is occurring ...
CK Hutchison warns Maersk off Balboa and Cristobal Hong Kong terminal operator CK Hutchison has escalated its fight over two Panama Canal terminals by warning A.P. Moller-Maersk that any attempt by APM Terminals to assume operations without Hutchison's consent would trigger legal recourse and claims for damages. In a public update, Hutchison said it had notified the Panamanian state of a treaty dispute ...
Oceanbird lands first commercial order Oceanbird, the Alfa Laval-Wallenius joint venture, has secured its maiden commercial sale with an undisclosed owner ordering two Wing 560 wing sails for retrofit installation in Europe in early 2027. The order fills the first two production slots and marks the start of Oceanbird's move from demonstration to commercial rollout of large-scale wind propulsion. "This ...
China Merchants to restart Wuhan Qingshan shipyard China Merchants Shipbuilding Industry Group is restoring shipbuilding at the long-dormant Wuhan Qingshan yard and plans a full restart of main shipbuilding operations in 2026, injecting fresh capacity into a Chinese revival that is pushing national shipbuilding capacity back toward post-global financial crisis highs. Founded in the 1950s and once Hubei's largest civilian yard, Qingshan ...
The industry blind spot that lets crew suffering escalate Shipping consultant Frank Coles on seafaring's shame and how systemic abuse thrives under self-regulation. Seafaring is as old as world trade. All through time it is the lifeblood of an industry that appears to be without conscience. We see the systematic abuse of a global essential workforce on a daily basis In the last few ...
Cameroon pledges flag crackdown amid shadow fleet surge Cameroon's government-run ship register has been booming as a result of other flags ejecting sanctioned tonnage under pressure from the...
Pre-Chinese New Year 'rush' ends in disappointment for container lines The seasonal upswing before Chinese New Year turned out to be weaker than usual in the transpacific, and rates peaked...
IMEC announces death of founding secretary-general David Dearsley David Dearsley, the International Maritime Employers' Council's first and longest-serving secretary-general, has died. He led IMEC through 25 years of...
NewNew Polar Bear master pleads not guilty to deliberate cable cutting Hong Kong court adjourns trial until May
APM Terminals and Eurogate unveil €1bn plan to transform Bremerhaven's NTB into zero emissions hub Bremerhaven's NTB is set for a €1bn transformation, with APM Terminals and Eurogate backing a full equipment renewal and electrification...
DP World chief Bin Sulayem resigns following Epstein files revelations Sultan Ahmed bin Sulayem transformed DP World from a UAE port operator into a global supply chain integrator, but he...
Lloyd's Register backs claims of surge in off-spec marine fuels Comments come after recent similar findings from VPS Veritas, but industry opinion split
Tanker rates outlook murky as China stocks up on heavily discounted Russian barrels Geopolitics and economics continue to sway tanker rates as January's bullishness begins to fade
Hengli Heavy Industries stacks up more orders for big bulkers, boxships and tankers With strong global demand for large crude tankers and limited capacity at state-owned rivals, Hengli HI is positioning itself to...
Seafarer abandonment isn't just a moral issue, it's a compliance risk too Naming and shaming abandoners of seafarers isn't working, but perhaps placing greater responsibility on those further up the supply chain...
The Horse gallops - but towards what? Shipping loves disruption. The Year of the Horse promises plenty - but hopefully not too much
The Daily View: The good, the bad and the ugly
Beijing throws weight behind Shanghai's green bunkering push The port leads in green methanol but lags Singapore in LNG and pricing power
Daily Briefing Another idle Chinese shipyard springs back to life as capacity nears 2010's peak | Flag state guidelines will add scrutiny...
Trump administration unveils US maritime revitalization 'action plan' The wide-ranging plan includes proposals to rebuild domestic shipbuilding capacity, increase the fleet of US-built and -flagged commercial vessels working international trades, and eliminate "burdensome regulations" through a series of deregulatory measures.
Ocean Alliance, ONE rework trans-Atlantic services, remove ships North and South Atlantic loops from Northern European to the US will consolidate to one East Coast-wide service, with a Baltimore call dropped and fewer overall vessels used.
Departure of DP World CEO welcomed by Canadian ports partner Quebec-based investment manager La Caisse earlier this week said it would put its future investments with DP World on hold until the company addressed Sultan Ahmed Bin Sulayem's relationship with Jeffrey Epstein.
Maersk, Eurogate plan $1.2 billion terminal upgrade at Bremerhaven The investment will strengthen the Gemini hub's position and increase capacity at the joint venture terminal by more than 30% to 4 million TEUs.
Reversal in US clean energy investment signals shift in project cargo momentum Canceled renewable energy projects in the US totaled $35 billion in 2025 as more project funds left the country than came in amid the federal government's shifting policies to prioritize fossil fuels.
Both sides of bargaining table mourn labour affairs 'giant' David Dearsley IMEC announces death of its first and longest-serving leader
Wavelength podcast: The VLCC mega orderbook, and why Scorpio Tankers is bucking the trend Plus, Intertanko demands stronger action against the shadow fleet, and tasting Odfjell's wines
'Scale and urgency': Tanker owners sell 100 ships in a month in frenzied market, brokers say Each new transaction offering premiums in a sellers' market
Maran Tankers makes profitable asset play with serial VLCC buyer Sinokor Major Greek owner has several big crude carriers similar to the vessels South Korean player is scooping up
Researchers speed up ship fire detection String of high-profile container ship fires has prompted the industry to look for better fire protection methods
Wavelength podcast: The VLCC mega orderbook, and why Scorpio Tankers is bucking the trend Plus, Intertanko demands stronger action against the shadow fleet, and tasting Odfjell's wines
Maersk and Eurogate plot $1.1bn investment in German container terminal Plan to modernise Bremerhaven facility follows boasts by Hapag-Lloyd in Egypt and CMA CGM in Colombia
Maran Tankers makes profitable asset play in deal with serial VLCC buyer Sinokor Major Greek owner has several big crude carriers of the kind the expanding South Korean player is scooping up
Genco pulls 'double trigger' to retain broad range of staff as Diana takeover battle rages US bulker owner draws up a plan setting out what will happen if the company is taken over
Flag state anarchy and the rise of fake registries Maritime researcher warns of a race to the bottom with few controls
DP World boss quits in wake of Jeffrey Epstein revelations Shipping and ports group has still not commented on revelations from the US email cache
Mercuria emerges as buyer of Greek capesize as trader ramps up fleet expansion Commodities giant picks up fourth older cape in 15 months
NRP arranges new deals to boost project finance portfolio over $500m Project fleet grows by seven vessels after active second half of 2025
'Scale and urgency': owners sell 100 tankers in a month in frenzied market, brokers say Each new transaction offering premiums in a sellers' market
New Britannia chief on navigating 'raw politics' and reinsurance Mike Hall opens up on the challenges of an increasingly complex world
DP World unveils new CEO in wake of Jeffrey Epstein revelations The shipping and ports group has still not commented on revelations from the US email cache
Norwegian owner Halten Bulk orders bulk carriers as it presses fleet renewal Company will pay $42m for pair of self-discharging vessels
Ardmore bosses looking for 'pockets of value' in very lively secondhand tanker market CEO Gernot Ruppelt explains the Irish owner's stance on spending its cash
South Korean shipyard breaks into big boxship space with an order from Europe Yeongdo yard to build up to four 10,100-teu vessels
Container freight rates fall for fifth week following weaker pre-Lunar New Year Carriers to blank 125 sailings in coming weeks to counter faltering demand
Venezuelan oil exports picking up as Washington flexes control over $5bn worth of sales January dip saw the US take a greater share of exports, a trend that continued into a stronger February
Bulker owner Precious pivots with secondhand product tanker deal Purchase of Vietnamese ship is part of effort to diversify revenue streams
European shipowner provides South Korean shipyard with debut large boxship newbuildings The Yeongdo shipyard has been contracted up to four 10,100-teu newbuildings
Greek owner Prosperity Bay Shipping waves goodbye to long-serving bulker Lignos family outfit joins long queue of Hellenic players offloading their ageing tonnage to China
Japanese tug operator Tokyo Kisen sees profit plunge One-off gains fade while offshore wind support lifts revenue
New hope for tankers and gas carriers as big names awarded first Libyan deals in 20 years QatarEnergy, Chevron and Eni among those awarded oil and gas exploration licences
Odfjell drops as Arctic takes 'cautious view' on chemical tanker fleet growth Stock downgraded to 'hold' from 'buy'
Western Bulk 'rebuilds confidence' with first dividend in three years Bulker operator declares first dividend since 2022
Red Sea salvor Ambrey to target war-zone operations New director of global response Ed Wollaston is keeping tabs on ships sunk by the Houthis
Ex-Burger King boss relishing new CEO role at cruise giant John Chidsey replaces outgoing Harry Sommer as owner battles costs
Diana Shipping scores a premium on NYK charter deal Bulker owner is making the most of unseasonably strong start to the year
Chasing shadows: Ship trackers raise their game as shadow fleet spoofers learn new tricks Shadow fleet operators are using ever-more sophisticated techniques to avoid scrutiny, says Kpler
Oldendorff Carriers and BHP team up to bring more women into shipping Owner and charterer collaborating on cadets and training to increase diversity
Project finance veterans target new shipping deals with investment company Maritime Yield Company holds stakes in 10 vessels
Meet Francois Michel, GTT's new technology-driven chief executive Simple strategy advocate comes full circle with return to shipping industry
Klaveness Combination Carriers sees strong first quarter boosted by tanker and bulker markets Three new vessels to be delivered in 2026
Ardmore fixes trio of tankers on term deals in firming markets Ireland-based owner signs one and two-year contracts to boost coverage
Singapore Police charge 18 men with fuel oil theft The accused are alleged to have illegally sold marine gas oil
Great Eastern strikes again in red-hot sale-and-purchase market Indian owner reveals MR tanker and ultramax purchases while netting a $10m gain on VLGC sale
Cosco bulker secures nearly double its market value in online auction Six bidders push state-owned supramax to $12.2m, a 33.5% premium
ASL Marine slashes finance costs as first-half profit jumps eightfold Ship-repair growth and deleveraging drive earnings past full-year 2025 level
Taiwanese owner Simosa Shipping exits LR2s in $86m sale to Greek buyers Taipei-based company cuts back its fleet to two asphalt carriers
TL carrier Pamt Corp. posts Q4 loss Truckload carrier Pamt Corp. reported a net loss for the fourth quarter before the market closed on Friday. It was the Arkansas-based carrier's fifth consecutive quarterly loss. The headline loss was $29.3 million, or $1.40 per share. The result included a $26.5 million adjustment to its auto liability reserve "associated with a specific claim expected to settle in excess of insurance policy limi
White House eyes fees on foreign vessels to fund shipbuilding Almost a year after President Donald Trump called for a revitalization of American maritime fortunes, the White House on Friday released a detailed plan that focuses on expanding capacity at U.S. shipyards. A key element of the plan authored by the Office of Management and Budget, which assumed oversight of the initiative after a White House maritime office was dissolved, is a tonnage fee on carg
TL stocks take wild ride into, out of Q4 earnings season Truckload stocks appeared priced for perfection heading into the fourth-quarter earnings season. Shares ran more than 40% higher from the week before Thanksgiving to mid-January, when J.B. Hunt Transport Services reported. The move was in lockstep with rising tender rejections and spot rates. Earnings misses and lackluster outlooks were set to be punished until a surprisingly positive manufacturi
Congress looks to fight 'chameleon carrier' trucking networks WASHINGTON - Following a high-profile deadly truck crash in Indiana last week that uncovered a network of fraudulent trucking companies, legislation has been introduced in Congress to give the Federal Motor Carrier Safety Administration authority to use artificial intelligence to track them down. U.S. Rep. Harriet Hageman Introduced on Thursday by Harriet Hageman, R-Wyo., the bill directs the FMC
Tariff rethink? Trump reviews steel, aluminum duties as inflation looms U.S. President Donald Trump is considering scaling back some tariffs on imported steel and aluminum goods amid concerns that the levies are pushing up consumer prices. According to a report by the Financial Times , cited by Reuters , administration officials are reviewing a list of products affected by the tariffs and weighing exemptions for certain items. Officials at the U.S. Commerce Departmen
Logistics stock selloff Thursday brings assurances of calm C.H. Robinson did two unusual things Thursday. First, its high-flying stock, driven in part by investor enthusiasm over the 3PL's embrace of AI, was one of the logistics companies that fell the hardest that day in a sea of red arrows that sucked in trucking firms as well. C.H. Robinson stock was down 14.54% on the day. (For perspective, C.H. Robinson hit its 52-week high on February 6 at $203.34.
DP World chairman resigns after Epstein links revealed The chairman of one of the world's biggest container terminal operators resigned Friday after his links to convicted child sex offender Jeffrey Epstein were revealed this week. DP World in a brief announcement said Group Chairman and Chief Executive Sultan Ahmed bin Sulayem resigned from the Dubai-based company, effective immediately. Sultan Ahmed bin Sulayem (Photo: DP World) Essa Kazim has been
Trucking Risk Control Could Become the New Entrant Gate There's an old saying in the "fake rich" world: you can rent the Bentley, rent the mansion, shoot the video, post the lifestyle, and for a little while, you can make people believe you've arrived. But there's one thing most people can't fake. A jet. It's too expensive, too scrutinized, and too many people have to sign off before you get the keys. For decades, insurance was trucking's jet. You cou
Lower freight shipments weigh on world container rates The Drewry World Container Index (WCI) fell 1% to $1,933 per forty-foot container (FEU), the fifth consecutive weekly decline, as rates continue to weaken on benchmark trade routes from Asia to the United States and Europe. The London-based analyst said spot rates from Shanghai to major U.S. ports declined 1% from the previous week due to lower cargo volume, to $2,214 per FEU to Los Angeles and $
New territory: RXO debt rating from Moody's now below investment-grade cutoff RXO has lost its investment-grade credit rating from Moody's, knocked down one notch to a level below the cutoff below which corporate debt is considered non-investment grade. However, the new Moody's debt rating for the 3PL, announced Tuesday, is still above the equivalent at S&P Global (NYSE: SPGI) . S&P Global's rating for RXO (NYSE: RXO) is at BB, which is considered one notch less than Ba1,
Court Challenge Filed After FMCSA Finalizes Non-domiciled CDL Rule, Legal Fight Continues A new legal battle is underway following the U.S. Department of Transportation's final rule tightening eligibility standards for nondomiciled commercial driver's licenses, setting the stage for continued litigation in the D.C. Circuit Court of Appeals. One day after the Federal Motor Carrier Safety Administration published its final rule formalizing restrictions on nondomiciled CDLs, a coalition
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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