Chris Scott to succeed John Lauer as Matson EVP and CCO Honolulu-headquartered Matson Inc. (NYSE: MATX) reports that John Lauer, executive vice president and chief commercial officer, will retire on July 1, 2026, having led the sales, marketing, pricing and customer service activities
SHI launches new SSAM Center research hub in San Diego Korean shipbuilding giant Samsung Heavy Industries (SHI) and San Diego State University (SDSU) have inaugurated the SSAM Center (SHI-SDSU Advanced Maritime Center). The new joint research center is expected to play a
Thordon and SNAME announce new graduate scholarship Thordon Bearings Inc. has partnered with the Society of Naval Architects and Marine Engineers (SNAME) to launch the Thordon Bearings Graduate Scholarship, an annual award that will support exceptional postgraduate students developing
Wan Hai Lines expands fleet new with orders Wan Hai has placed two new orders for additional container vessels to expand its fleet capacity. These ships are designed to be LNG/dual fuel-ready, supporting the carrier's commitment to modern and adaptable maritime operations. The Taiwanese carrier has contracted two different shipyards for these latest additions: Huangpu Wenchong Shipbuilding: Wan Hai has ordered four ships of 6,000 TEU. This
SITC eyes fleet expansion after profitable 2025 Intra-Asia shipping group SITC International said on 10 March it plans to build or acquire more container ships, after its 2025 net profit gained 19% year-on-year, to US$1.22 billion. Yang Xianxiang, chairman of the Hong Kong-listed company, said: "The company will continue to purchase container vessels and containers, and invest in logistics projects, as and when appropriate."
Yang Ming to order six 13,000 TEU class LNG dual-fuel containerships Yang Ming Marine Transport Corp. (Yang Ming) has officially approved the procurement of six 13,000 TEU class LNG dual-fuel container vessels. This strategic move, confirmed during the company's 411th Board Meeting on March 12th, supports long-term fleet renewal and the transition toward lower-carbon operations. Strategic Fleet Growth and Renewal The addition of these vessels is a key step toward
Grimaldi takes delivery of new car carrier Grande Seoul The Grimaldi Group has taken delivery of the new Pure Car & Truck Carrier (PCTC) Grande Seoul, further expanding its fleet dedicated to vehicle transport on global trade routes. The vessel was built by Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC), both part of China State Shipbuilding Corporation (CSSC). The Grande Seoul is the ninth
Port of Los Angeles records second-best February in its history The Port of Los Angeles handled 824,323 TEUs in February 2026, the second-highest volume recorded for that month in the port's history and a 3% increase compared to February 2025. The result was driven in part by front-loading activity as retailers and manufacturers accelerated cargo movements ahead of the Lunar New Year production pause at Asian factories. Loaded imports for the month totalled 4
Explainer: When every ship is a target The Gulf campaign's indiscriminate logic is more destructive than any chokepoint blockade and the shipping industry has no playbook for it.
OOCL announces 2025 full year results Orient Overseas (International) Limited (OOCL) announced its financial results for the full year of 2025, reporting lower profitability compared with the previous year as market conditions normalized across the container shipping sector. The company recorded group revenue of US$9.72 billion in 2025, down from US$10.70 billion in 2024. Profit attributable to equity holders reached US$1.51 billion,
MSC introduces emergency fuel surcharges across multiple global routes MSC Mediterranean Shipping Company has announced the implementation of several Emergency Fuel Surcharges (EFS) across multiple trade lanes as rising fuel costs and operational pressures continue to impact global shipping operations. The new surcharges will take effect from 16 March 2026 and will remain in place until further notice, depending on the trade lane either based on the sailing date, ga
MEDLOG and CMLOG expand cold storage capacity in China MEDLOG, the logistics arm of MSC Group, and China Master Logistics Co. Ltd. (CMLOG) have announced the launch of a new joint venture that will operate a network of five cold storage facilities in Shanghai, Tianjin and Ningbo. The announcement was made on 11 March 2026 and marks the third and largest installation within the partners' expanding network of temperature-controlled logistics facilities
RCL terminates voyages for three additional vessels Regional Container Lines (RCL) has declared an immediate End of Voyage for three vessels. This decision follows the heightened escalation of war in the Middle East and volatile circumstances beyond the carrier's control. Consequently, all cargo on these ships will be discharged at intermediary ports. Affected vessels and termination ports The following ships are impacted by this emergency declara
Yang Ming reports 2025 financial results Yang Ming Marine Transport Corporation has reported consolidated revenues of NT$163.56 billion (US$5.24 billion) for 2025, with after-tax profit reaching NT$17.1 billion (US$548.15 million), according to the company's latest financial results approved at its 411th board meeting on March 12. The Taiwanese container shipping company also reported earnings per share (EPS) of NT$4.9 for the year. In
Hapag Lloyd suspends dangerous goods bookings for Red Sea Hapag-Lloyd has announced an immediate suspension of all Dangerous Goods (DG) bookings for several major ports in the Red Sea. This measure responds directly to current security and operational constraints in the region. By stopping these bookings, the carrier aims to ensure the safety of its crews, vessels, and customer cargo during this volatile period. Scope of the Suspension The suspension re
CMA CGM reopens export and import bookings for Middle East CMA CGM has officially resumed all EXPORT and IMPORT bookings for Iraq, Kuwait, Qatar, Bahrain, Saudi Arabia, and the United Arab Emirates. This update follows the March 3rd suspension and provides immediate solutions for global trade. To maintain service, the carrier now utilizes a network of land bridges and feeder services to navigate current regional constraints. Reopening of Middle East Expo
Explainer: How Iran turned Hormuz into a geopolitical checkpoint As the conflict with Iran intensifies, a quiet but unmistakable pattern has taken hold in the Hormuz chokepoint one that benefits Beijing far more than any combatant.
Transworld Shipping Lines reports loss for Q3 amid aging fleet challenges Transworld Shipping Lines Limited posted a net loss of Rs. 25 crores for the quarter ended December 31, 2025. The company reported profit of Rs. 15 crores in the same quarter last year. Revenue declined to Rs. 132 crores from Rs. 165 crores in the corresponding quarter. EBITDA fell to Rs. 8 crores from Rs. 47 crores. Earnings per share stood at Rs. (11.52) compared to Rs. 6.72 in the previous yea
Gebrüder Weiss sustains growth momentum Gebrüder Weiss closed 2025 with net revenues of US$ 3.17 billion, demonstrating resilience in a difficult operating environment characterised by subdued economic conditions across its core Central European markets. The company maintained an equity ratio exceeding 60% for the second consecutive year, reflecting the financial solidity underpinning its continued investment programme. The workforce r
Brunswick harbor dredging advances to restore channel depth Maintenance dredging is underway in the inner and outer harbor of the Port of Brunswick, with operations targeting the restoration of the channel to its federally authorised depth. The work, funded by the federal government and carried out by the US Army Corps of Engineers, addresses shoaling and other natural sediment accumulation processes common to harbor environments. Current operations are e
Sea-Intelligence: Hormuz closure potentially traps 204,000 TEU In issue 755 of the Sunday Spotlight , Sea-Intelligence conducted a network stress test of the de facto closure of the Strait of Hormuz on February 28. The objective was to quantify the amount of deep-sea vessel capacity that was intended to leave the Persian Gulf, while not counting any local feeder vessels that were not planned to leave the Gulf. To calculate this potentially trapped capacity,
HJ Shipbuilding set to take over HD Hyundai's Gunsan yard South Korean shipbuilder HD Hyundai Heavy Industries has agreed to sell its Gunsan shipyard to HJ Shipbuilding & Construction (HJSC) in a move that could open the door for the Busan-based yard to build larger vessel types. According to a filing by HD Korea Shipbuilding & Offshore Engineering, the companies have signed a memorandum of ...
Fear of silence keeps harassment hidden at sea Despite growing regulatory attention, many seafarers still hesitate to report bullying and harassment at sea because they believe nothing will change. Captain Charles Chong of Britannia P&I Club argues that tackling the problem requires trauma-informed leadership, visible follow-up and a shipboard culture where crew trust their voices will be heard. During a recent webinar hosted ...
When seafarers die, statements are not enough Global trade depends on seafarers, yet when crises happen the system meant to protect them often fails. Sunil Kapoor reports. Ships are burning at sea - flames and thick dark smoke rising into the sky. Not warships. Not naval vessels. Ordinary merchant ships carrying cargo for the global economy, with civilian seafarers on board simply ...
Splash Wrap: The Hormuz inferno Iran's new supreme leader pledged to maintain the closure of the Strait of Hormuz as the maritime crisis engulfing the Middle East triggers warnings of the worst oil supply disruption in history, with the Middle Eastern shipping paralysis leading Splash coverage all week. Behind closed doors, authorities in Beijing have been taking action in response ...
New safety kits help seafarers prepare for missile and drone attacks in conflict zones Seafarers calling at Ukrainian ports will receive specialist safety kits designed to mitigate the risks posed by missile and drone attacks under a new initiative from maritime charity Stella Maris. The crew safety kits are designed to help seafarers prepare for and respond to emergencies while operating in conflict affected regions. The initiative comes at ...
Worley selected for engineering work on Chevron's Cyprus gas field Australian offshore engineering company Worley has been selected to provide front-end engineering design (FEED) and procurement services for Chevron's Aphrodite development offshore Cyprus in the Eastern Mediterranean. Worley will provide FEED engineering across the full Aphrodite field development, including a portion of the subsea systems, the FPU, the export gas pipeline, and onshore receiving
'The largest supply disruption in the history of the global oil market': IEA's take on the Hormuz crisis Iran's new supreme leader has pledged to maintain the closure of the Strait of Hormuz as the maritime crisis engulfing the Middle East triggers warnings of the worst oil supply disruption in history, a Norwegian transit ban, and an emergency International Maritime Organization session, all underscoring the gravity of a situation that is rapidly reshaping ...
Yang Ming readies order for six LNG dual-fuel boxships Taiwanese liner operator Yang Ming Marine Transport has approved plans to order a new series of 13,000 teu containerships as part of a wider fleet renewal and expansion strategy. The company's board of directors signed off on the plan, clearing the way for six LNG dual-fuel neo-panamaxes, intended to replace older ships and vessels nearing ...
Boskalis wins Shell UK subsea decommissioning contract Boskalis Subsea Services, a provider of specialist services to the subsea sector, has won an offshore decommissioning contract with Shell's UK arm. This contract marks the first decommissioning-specific project the company will deliver for the operator. Boskalis Subsea Services will undertake the removal of subsea infrastructure and associated remediation across several assets. The works will ...
Oceanica wins over $730m in Petrobras subsea vessel deals Brazilian engineering firm Oceanica Engenharia has entered into new long-term contracts with state-owned oil and gas giant Petrobras, valued at approximately 4.2bn reais ($736m). The shallow-diving support vessels (SDSV) Oceanicasub IV, V, VII, and IX had their contracts renewed for the provision of subsea services, including workclass ROVs, electric ROVs, and diving operations, for inspection, ...
India taps 65m barrels of Russian crude The US Treasury has issued a one-month OFAC wind-down licence allowing Russian crude cargoes already at sea to complete voyages - a move designed to steady global energy markets as the Strait of Hormuz crisis snarls Middle East flows. The authorisation, valid through April 11, permits routine voyage services including bunkering, crewing, insurance and piloting ...
Circle Digital Ventures: Crew and risk management In conversation with Maritime CEO, Meei Wong, CEO of Circle Digital Ventures, a technology company with a mission to improve human sustainability in the maritime industry, points to a new horizon in maritime tech - a shift from the vessel to the people working on them. For years, maritime technology has focused almost entirely on ...
NYK takes full control of Saga Welco Japan's Nippon Yusen Kaisha (NYK) has moved to take full control from Westfal-Larsen of Norwegian open-hatch operator Saga Welco. NYK had previously run Saga Welco for the past 12 years as a 50:50 joint venture with Westfal-Larsen. No financial details for the takeover have been revealed. Saga Welco operates a fleet of 48 open-hatch vessels ...
Next US tariff plan takes shape as CBP updates on refunds On one hand, US importers are in line to receive hundreds of billions in tariff refunds. On the other, importers...
Seanergy clinches two more capesize newbuilds Two capesizes commissioned in Japan bring orderbook to five large bulkers at a contract cost of $384m
Iran conflict causing 'largest supply disruption' in oil market history Supply is expected to plunge by as much as 8m barrels per day in March, the International Energy Agency estimates
Middle East port operational update: Friday, March 13 Traffic through the Strait of Hormuz continues to be severely disrupted, and many shipping companies are still avoiding transits due...
Hormuz closure forces costly liner detours as Gulf logistics tighten As diverted vessels reach contingency ports and inland networks tighten, disruption across the Gulf is set to escalate. With the...
Panama-flag detentions at Chinese ports spike amid Hutchison port fallout Beijing appears to be leveraging port state control inspections as a pressure tool following Panama's forced takeover of Hutchison port...
NYK to take full control of open hatch cargoship operator Saga Welco Deal follows the acquisition of a majority stake in Saga Welco's competitor Gearbulk by compatriot firm MOL in early 2025
'Illegally imposed sanctions' to blame for huge Sovcomflot losses The tanker and LNG carrier owner posted losses in excess of $500m for 2025, just as the US announced a...
'Cowardly to send our vessels through' Hormuz despite huge profits says d'Amico's di Mottola Red Sea refined product loadings are set to increase while avoiding Bab el Mandeb, says di Mottola in an interview...
Yang Ming confirms plans to boost boxship newbuild orderbook While the company has not revealed which shipyards will bid for the contract, it traditionally works with builders in Japan...
War delays not covered by most cargo insurers, Kennedys warns Hague and Hague-Visby Rules still apply during conflicts
Sweden boards second falsely flagged ship The move shows a greater willingness by EU countries to board shadow fleet vessels flying false flags
The Daily View: Fuel for thought
US issues temporary waiver on sanctioned Russian oil and petroleum products at sea The US has granted a waiver of sanctions on Russian origin crude oil and petroleum products, a week after issuing...
Daily Briefing Iran's shadow fleet disrupted by Middle East war | Fears mount on ship fuel availability as Hormuz closure drags on...
US exports to Middle East in limbo amid war zone service disruptions While the logistical hurdles of sending cargo to the region are more of an inconvenience at this point for US exporters rather than a full-blown crisis, shippers see a bigger risk in the war's longevity and the downstream effect of higher oil prices.
Ocean carriers employ effective capacity management despite market volatility Container shipping has come a long way in mastering the art of blank sailings, redeployments, slow steaming and other forms of proactive capacity management, mitigating the impact of much-discussed overcapacity, attendees at TPM26 were told.
Evergreen's 2025 profits nearly halved on sharp freight rate declines The weakness has continued into 2026, with Taiwan's biggest carrier reporting that combined revenue of $1.9 billion for January and February was down 23% from the same period last year.
Middle East shipping disruptions boost US position as top LNG exporter With liquefied natural gas flows at a standstill in the Strait of Hormuz, a near-doubling of LNG export capacity in the US is set to drive breakbulk and project cargo activity into the next decade.
Canada's 'Driver Inc.' crackdown could push trucking rates higher Long-sought regulatory reforms within the Canadian trucking industry could tighten capacity and cause cross-border rates to rise.
US sending up to 5,000 troops to Middle East with amphibious unit Deployment linked to addressing Strait of Hormuz closure
Hellish week draws to close for tanker stocks as investors flee A strong bull run for New York-listed stocks has at least temporarily seen a U-turn
Low-profile Greek venture K Squared tied to profitable sale of ultramax pair Prominent business names have teamed up to form small bulker management outfit
Iran and China-linked bulkers increasingly transiting Hormuz as others stay away Bulker traffic has dropped in the Gulf and vessels are diverting away from the region
Low-profile Greek venture K Squared is tied to profitable sale of ultramax pair Prominent business names have teamed up to form small bulker management outfit
Bulkers linked to Iran and China are increasingly transiting Hormuz while others stay away Bulker traffic has dropped in the Gulf and vessels are diverting away from the region
Wavelength podcast: The impact of war Plus, a new deal for injured ship recyclers, and the battle to scrap the shadow fleet
Shipping and shipbuilding centre stage in China's Five-Year Plan blueprint State economic plan ties maritime power to trade, energy and industry
'Not a one-trick pony': Navigator eyes opportunities for LPG fleet amid Middle East shutdown UK-based owner believes its diversified trading patterns put it in good shape for the crisis
Ports under fire: What the world can learn from Ukraine Ports need real-time solutions as there are no existing playbooks, writes Dmytro Barinov
VLCC rates tick down as ships ballast away from China seeking new cargoes Pipeline capacity not enough to make up for declining Middle East Gulf cargoes
Yang Ming profit plunges as US tariffs and Middle East disruption squeeze box shipping Taipei-listed boxship and bulker group says its service network and flexible vessel deployment helped it maintain a sixth year in the black
Hormuz Strait lockdown spells bad news for hundreds of offshore units, brokers warn Production cuts pose problems for owners
Sahara Group deepens African energy play with gas carrier newbuildings Major, diversified player says it has 202,000 cbm of ship capacity under construction in the Far East
Maersk boss warns of fuel shortages as container lines add surcharges Rising bunker costs are feeding directly into container shipping economics
Tanker boss Carlos Balestra di Mottola warns of dangers if Hormuz stays closed DIS chief executive tells TradeWinds how a long-term closure of the Strait of Hormuz could affect product tankers
Attacks, AIS shutdowns, spoofing and jamming leading to 'electronic fog' in Middle East Gulf Lack of traffic could be preventing collisions as dozens of ships exhibit erratic behaviour in key waters
HD Hyundai sells shipyard to compatriot HJ Shipbuilding Sale of the Gunsan facility underscores HD Hyundai's reluctance to expand its shipbuilding capacity domestically
Shipping stocks plunge as ABG sees 'sizeable downside' if Hormuz remains closed Frontline, Okeanis Eco Tankers and BW LPG shares lower in Oslo
Holed Star Bulk bulker is not listing and is able to sail under its own power Another Star Bulk vessel in the region is also confirmed safe
ReCAAP ISC charts 10-year course to strengthen maritime security ties Asian piracy watchdog outlines new roadmap, tools and capacity-building push
Eletson legacy shareholders face arrest after US judge finds them in contempt But arrests unlikely to be served against them unless they are physically present in the US, legal observers say
Pan Ocean doubles newcastlemax bulker order, bringing total spend to $308m The newcastlemaxes will be designed to run on alternative fuels such as LNG or ammonia
Iran war sees heat evaporate from big tanker S&P bonanza Asset price hike is prompting buyers and sellers to stand well back ... for now
Greek owner assessing condition of tanker targeted in Iranian attack All of its seafarers accounted for after drone strike, Benetech says
Navios Partners exits post-panamax sector with latest vessel sales S&P machine churns out yet another divestment of an ageing unit
Precious bulker received 'no warning' against Strait of Hormuz transit before attack 'Comprehensive assessment' was conducted before the vessel's voyage, says Thai shipowner
Emergency IMO meeting called as Iran war threatens ships and crew Strait of Hormuz looks set to remain closed, and vessels are increasingly becoming targets
Precious bulker received 'no warning' against Hormuz transit before attack 'Comprehensive assessment' was conducted before the vessel's voyage, says Thai shipowner
DHT adds extra $150,000 per day as VLCC refixed to South Korea But Middle East spot rates are falling as the market recalibrates
Shipping stocks extend drop as ABG sees 'sizeable downside' if Hormuz remains closed Frontline, Okeanis Eco Tankers and BW LPG shares lower in Oslo
Sovcomflot posts massive loss just as US eases 'illegal' sanctions Russian shipowner's revenue cut as geopolitics and blacklisting hurt operations
Iran to allow Indian tankers to export oil from Middle East Gulf, sources claim Government official indicates deal for Indian-flagged ships
Day 14: US claims protection convoy always part of war planning US lifts sanctions on Russia for a month with oil prices at $100 a barrel and markets down
US eases sanctions on Russian shadow fleet amid oil price spike Treasury secretary admits move is 'unfortunate' but insists it is a short-term measure
Suisse-Atlantique confirms bulker newbuilding orders in China Vessels will be contracted with an undisclosed partner
'Friendly' sanctioned VLCC exits Strait of Hormuz with AIS on Tanker Wen Yao is broadcasting a different name as it heads east
Sweden arrests second shadow vessel in a week Vessel boarded while in ballast en route to Primorsk from Santos, Brazil
Pan Ocean doubles newcastlemax bulker order to four ships, bringing total spend to $308m The newcastlemaxes will be designed to run on alternative fuels such as LNG or ammonia
Chinese port veteran quits Ningbo Ocean board amid broader executive reshuffle Wang Ke resigns from Ningbo Ocean board amid a year of heavy executive turnover
ReCAAP ISC maps decade plan to stay relevant for shipping security Asian piracy watchdog outlines new roadmap, tools and capacity-building push
Arrest warrants issued for Eletson legacy shareholders after judge holds them in civil contempt But arrests unlikely to be served against them unless they are physically present in the US, legal observers say
NYK takes full ownership of Norwegian bulker specialist Saga Welco Japanese shipping giant to buy Westfal-Larsen's 50% stake in open-hatch vessel company
Precious bulker was given go-ahead to transit Strait of Hormuz before attack "Comprehensive assessment" was conducted before the vessel's voyage, says Thai shipowner
Samsung Heavy targets US shipbuilding ties with new San Diego research hub Joint centre with university to advance AI shipbuilding and workforce cooperation
Yang Ming unveils plan for six boxship newbuildings Series of dual-fuel container vessels set to cost around $1.26bn
After Trump photo op, CMA CGM will re-flag 30 ships in France Ocean carrier CMA CGM of France will re-flag more than two dozen ships under its home flag, a year after its chief executive appeared in the Oval Office as President Donald Trump unveiled plans to revive the American maritime sector. The world's third-largest carrier announced that 10 24,000 twenty-foot equivalent unit (TEU) vessels will be registered under the French flag starting in 2026. The m
Strait of Hormuz closure: How supply shocks threaten American crops Farmers are warning President Donald Trump that the closure of the Strait of Hormuz could send fertilizer prices higher as planting season starts, potentially leading to higher food prices for consumers. The American Farm Bureau Federation in a letter to Trump said prices for fuel and fertilizer have increased rapidly since Iran closed the Strait. Ships move 30% of fertilizer inputs such as phosp
Amazon expands air cargo service to Northeast India Amazon's in-house cargo airline has expanded its network in India to the northeast, launching new routes connecting the cities of Kolkata and Guwahati to Delhi and other regions with fulfillment centers, the company announced Friday. The expansion is expected to improve delivery speeds by up to five times across all seven sister states - Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Naga
Why Strait of Hormuz maritime access is also its biggest weakness Diversions by container carries away from the war-torn Strait of Hormuz expose the region's structural vulnerability, a new analysis finds, as decades of underinvestment in bypasses severely limit the capacity of alternative logistics to absorb displaced cargo. The narrow, winding Strait of Hormuz - the sea gateway Iran and the United Arab Emirates/Oman peninsula - has been a longtime source of c
RyderVentures bets on 'Physical AI' to break warehouse automation's biggest barriers Artificial intelligence was the talk of the town at Manifest, but for venture capital investments, the machines themselves took center stage. FreightWaves spoke with Mike Plasencia, group director of new product strategy and RyderVentures at Ryder System, Inc. about technology trends and what they have been working on. He leads RyderVentures' investment strategy across more than 20 portfolio comp
Dragon no longer in the cab: Senator Cotton and Rep. Stefanik quietly move to eject China from American Trucking Rep. Elise Stefanik of New York introduced the Trucking Security and CCP Disclosure Act of 2026 on February 25th, and if you work in government freight at any level of the food chain, you need to understand what this bill actually does. It's not just aimed at the prime contractor. It puts the certification burden on the whole chain. What the Bill actually says The legislation amends Title 10 of t
Uber Freight outlook flags rising spot rates, cross-border disruptions Uber Freight says the freight market could be entering a more volatile phase, with tightening truckload capacity, elevated cargo theft and policy-driven disruptions. According to Uber Freight's report Q1 freight market update: What shippers should be watching now , tender acceptance rates have fallen sharply from last year, signaling increasing pressure on truckload networks and higher transporta
Flexport's latest tech rollout comes amid-and alongside-global freight chaos New York-Flexport's public introduction of its winter technology release could not have been more opportune, and one part of its timeliness wasn't even known when the presentation took place. At a well-attended event in New York City late last month, with dimmed lighting and a setting more akin to a cocktail reception, Flexort CEO Ryan Peterson had an unexpected tailwind when he addressed the aud
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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