VIDEO: WaiV Robotics launches its autonomous drone landing platform in the U.S. London-based WaiV Robotics has announces its official launch into the U.S. market, extending its autonomous drone launch and recovery technology to offshore operators nationwide. The expansion comes as offshore energy infrastructure is
U.K. puts new sanctions on Russia's shadow fleet As Russian attacks on Ukrainian civilian targets continue, the U.K. has unveiled a major new sanctions package aimed at choking off Russia's war effort on multiple fronts. It says the new sanctions
Op-Ed: AI and the future of international marine transportation I must admit to being late for the AI party, and I suspect I'm not alone-being 68 has something to do with it. Full disclosure: my expertise is marine transportation is operating
VIDEO: Fleetzero enters the autonomous and remotely crewed vessel market Houston-based hybrid and electric propulsion innovator Fleetzero has announced the commercial launch of its autonomy stack. It includes OctoDrive, the company's autonomy software platform; OctoPod, a full-scale tele-operated command center for small
WinGD marks another ammonia milestone with first X72DF-A engine approval Swiss-headquartered engine developer WinGD reports that it has a marked another ammonia fueling milestone with the successful completion of the Factory Acceptance Test (FAT) of an X72DF-A engine, which will be installed
CMA CGM announces PSS from China to Southern and East Africa CMA CGM will introduce new Peak Season Surcharges (PSS) on shipments from China to Southern and East Africa from 21 June 2026. For cargo to South Africa, the carrier will apply a surcharge of US$450 per TEU from North and Central China to Durban, Port Elizabeth and Cape Town. Shipments from South China to the same ports will be charged US$400 per TEU. For Beira, Mozambique, CMA CGM will apply a s
ZPMC advances automation at Qinzhou and Qingdao terminals ZPMC has delivered the first five Intelligent Guided Vehicles (IGVs) for the expansion of the Qinzhou automated container terminal. The vehicles have entered the installation and testing phase for the terminal's Berths 9 and 10 expansion project. The IGVs feature autonomous navigation, high-precision positioning and obstacle avoidance technology. They will operate alongside automated yard cranes
Everllence secures first order for ME-GI 10.7 dual-fuel engine Everllence has secured the world's first order for its new B&W ME-GI Mk10.7 dual-fuel methane engine. Norwegian shipowner Global Car Carriers (GCC) selected the engine for four new 8,600 CEU car carriers under construction at China Merchants Jinling Shipyard in Nanjing. CSSC Engine Co. will build the four 6S60ME-GI Mk10.7 engines in Qingdao, China. The order marks the first commercial application
Antipollution and ONEX plan waste collection vessels to ABS class Antipollution, a member of V Group, and ONEX Shipyards & Technologies have signed a letter of intent to build up to eight marine pollution reception and oil recovery vessels in Greece. ONEX and Antipollution partner on Greek-built eco vessel program The agreement covers four vessels, with options for four more. All vessels will be built to ABS class. The project marks a major investment in Greek
Yokkaichi Port container volumes fall 6.7% in April The Port of Yokkaichi handled 12,623 TEUs of international containers in April, down 6.7% year on year. Exports totaled 6,914 TEUs, a decrease of 8%, while imports reached 5,709 TEUs, down 5.1%. The port handled 10,820 loaded TEUs during the month, down 9.5%. Export loaded containers fell 8.3% to 5,600 TEUs, while import loaded containers declined 10.8% to 5,220 TEUs. Empty container volumes incr
How the Southern Highway is redrawing Gulf geoeconomics The geoeconomic architecture it is building will outlast the diplomatic framework that named it. Six structural shifts are already in motion
Euroseas orders two more 1,800 TEU containerships Euroseas Ltd. has exercised its options to build two additional fuel-efficient, gearless 1,800 TEU containerships at Nantong CIMC Sinopacific Offshore & Engineering. The newbuildings are scheduled for delivery in December 2028 and March 2029, respectively. Each vessel carries a price tag of approximately US$32.26 million and will be financed through a combination of debt and equity. The latest o
AD Ports Group and Dajin Heavy Industry partner on offshore wind opportunities AD Ports Group has signed a Memorandum of Understanding (MoU) with Dajin Heavy Industry to explore cooperation in the offshore wind sector. The agreement covers offshore wind supply chains, maritime logistics, port infrastructure and strategic vessel investments. Both companies will assess opportunities in Europe and other high-growth offshore wind markets. The partnership builds on AD Ports Grou
Explainer: Oman's unresolved paradox The Southern Highway runs through Omani waters. The PGSA permit regime depends on Omani legitimacy
Copenhagen Malmö Port joins Portchain Connect Network Copenhagen Malmö Port has joined the Portchain Connect Network to improve berth planning and coordination with shipping lines. The port will use Portchain Connect to simplify berth alignment through digital handshakes and secure data sharing. The platform provides real-time schedule and move count updates directly from carrier systems. It also allows the port to respond quickly with updated berth
Bureau Veritas appoints new Marine & Offshore leaders for Asia Pacific and Greater China Bureau Veritas (BV) has appointed Dr. Jeffrey Guo as Senior Vice President for Asia Pacific and Maciej Lepicki as Vice President for Greater China. Both appointments took effect on 1 June 2026. Jeffrey Guo succeeds Alex Gregg-Smith, who became President of BV Marine & Offshore in January 2026. He will lead BV's Marine & Offshore business across Asia Pacific, overseeing market growth, customer eng
Tight slot and container supply pushes up China-Russia rail freight China-Russia container rail freight rates have doubled from May, hitting US$8,000 per FEU this month. Tight availability for sea freight between China and Europe, as well as the slow return of empty containers, arising from higher Chinese exports to Russia, have resulted in higher demand for rail transport. Reportedly, container rental prices have also risen, with leases for 40-foot containers be
ONE streamlines Adriatic Service Ocean Network Express (ONE) has announced a restructuring of its Adriatic Service 1 (AD1) aimed at improving schedule integrity and reducing transit times across the East Mediterranean and Adriatic region. As part of the changes, the service rotation will be streamlined by removing calls at Aliaga and Piraeus, enabling a simplified weekly service designed to enhance operational reliability. The r
Hapag-Lloyd updates North America pricing and booking charges Hapag-Lloyd has announced a series of pricing adjustments affecting shipments to North America, including a new General Rate Increase (GRI), revised ocean tariff rates and higher Booking Cancellation Fees (BCF), all effective July 15, 2026. For shipments from the Indian Subcontinent, Pakistan and the Middle East to the United States and Canada, the carrier will introduce a General Rate Increase a
Maersk updates peak season surcharge for Southern Africa Maersk has announced a revision to its Peak Season Surcharge (PSS) for shipments from Asia to Southern Africa, effective July 1, 2026, until further notice. The updated surcharge will apply to cargo originating from China, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Cambodia, Laos, Myanmar, Thailand and Vietnam, destined for Mozambique, Madagascar, Seychelles, Botswana, Co
How disruption capital is redrawing the architecture of global port control Across the past two weeks, three major port infrastructure transactions have advanced simultaneously
CMA CGM announces PSS from China to West Africa CMA CGM will apply a new Peak Season Surcharge (PSS) on shipments from China to West Africa from 15 June 2026. The surcharge applies to dry and reefer cargo under short-term contracts. For West Africa Central destinations, CMA CGM will charge US$750 per TEU to Nigeria, Côte d'Ivoire, Benin and Equatorial Guinea. Shipments to Togo will face a surcharge of US$850 per TEU, while cargo to Ghana will
Geneva Dry returns for fourth edition with new Bauxite Blitz session and investment masterclass Geneva Dry, the world's premier commodities shipping conference, has confirmed its fourth edition will take place at the Hotel President in Geneva on April 27 and 28, 2027, with organisers unveiling an agenda that adds two entirely new sessions to the established dry bulk format. The 2027 programme will retain the conference's signature sector-by-sector structure, ...
Europe needs fleet of 65 CO2 carriers by 2050 to meet carbon storage goals Europe's ambitions to capture and store carbon at scale depend on transport infrastructure that is yet to be built, with a dedicated fleet of around 65 CO2 carriers and 33 ports needed by 2050, according to a report by energy consultancy Xodus. The report, named CCUS Enabling Infrastructure Study, examines the ports, ships, and onshore ...
Zanzibar plans $560m free port project Zanzibar has unveiled plans for a major free port development at Mangapwani as the semi-autonomous island seeks to re-establish itself as a regional trade and logistics hub along East Africa's Indian Ocean coastline. The proposed project, valued at around KES78bn ($560m), would create a dedicated free port and logistics zone designed to attract international shipping, ...
N-Sea appoints new chief executive Dutch subsea services specialist N-Sea has appointed chief operating officer Pim Nelemans as its new chief executive officer, succeeding Martin Adler, who stepped down from the role on June 15. The leadership change comes after more than five years under Adler, who led the company through a period of expansion following its acquisition by investment ...
Historic Cammell Laird name set to disappear after Balaena takeover One of the most famous names in British shipbuilding is set to disappear after nearly 200 years, following the acquisition of APCL Group by maritime engineering and shipbuilding company Balaena. The London-based group has confirmed that Cammell Laird, the historic Birkenhead shipyard on the River Mersey, will be renamed Balaena Birkenhead as part of a ...
When technical ownership gives way to fleet growth Sunil Kapoor raises uncomfortable questions about how modern shipmanagement companies balance profitability, scale and safety. I was driving from Nicosia to Limassol when an old colleague called. "Sir, have you seen the message? A ship has hit a bridge." My response surprised him. "Honestly, incidents like this no longer surprise me. I have seen this ...
AD Ports teams up with Dajin Heavy on offshore wind ambitions UAE-based AD Ports Group has partnered up with Chinese offshore wind equipment manufacturer and shipbuilder Dajin Heavy Industry to explore opportunities across offshore wind logistics, port infrastructure and vessel investments. A memorandum of understanding will see the two companies examine potential cooperation in offshore wind supply chains, transportation of wind turbine components, develop
Iolcos returns to newbuild market with kamsarmax pair in China Greek dry bulk owner Iolcos Hellenic Maritime Enterprises has re-entered the newbuilding market with an order for two kamsarmax bulk carriers in China. Multiple shipbuilding sources indicate the Athens-based owner has contracted New Dayang Shipbuilding for a pair of 82,000 dwt vessels slated for delivery in 2029. The order marks Iolcos' first known newbuilding move ...
Woodside dismisses ExxonMobil takeover speculation Australian oil and gas player Woodside Energy has denied any talks with supermajor ExxonMobil regarding a possible acquisition by the US firm. Media reports from the end of last week stated that ExxonMobil was exploring potential acquisition targets, including Woodside Energy, to bolster its position in the growing LNG and Asian markets. Bloomberg quoted people ...
Euroseas boosts boxship order backlog Greek container ship owner Euroseas has expanded its newbuilding programme in China, exercising options for two additional 1,800 teu feeder containerships at Nantong CIMC Sinopacific Offshore & Engineering. The Nasdaq-listed company said the vessels will be delivered in December 2028 and March 2029. Each ship carries a price tag of about $32.26m and will be ...
UK and Japan strike $12bn offshore wind investment pact The United Kingdom has agreed offshore wind investments worth up to £9bn ($12.1bn) with the government of Japan. The Offshore Wind Compact, signed by the prime ministers of the two countries, Keir Starmer and Sanae Takaichi, will support the development of 5.9GW of floating offshore wind projects in the UK, including the Ossian and Green Volt projects ...
GMS returns evacuated liftboats to the Persian Gulf London-listed liftboat operator Gulf Marine Services (GMS) has returned its previously evacuated vessels to the Persian Gulf. Before the start of the Iran conflict, GMS had four self-propelled, self-elevating liftboats in the region. Due to the geopolitical situation, they had been evacuated from the Gulf. The company has now revealed that all four vessels have ...
Hormuz threat level stays severe despite peace breakthrough The Strait of Hormuz remains one of the world's most dangerous waterways despite diplomatic progress toward reopening the vital shipping artery, with explosions reported in the area, vessels still requiring military protection and uncertainty lingering over when normal trade can resume. Several explosions were heard in the strait on Monday, while reports also emerged that ...
CMA CGM moves to acquire aircraft maintenance specialist CMA CGM is set to strengthen its air cargo operations through the planned acquisition of Crystal Aero Solutions, a French aircraft maintenance company that already supports the carrier's growing freighter fleet. The Marseille-based transport and logistics group has signed a preliminary agreement to acquire Crystal Aero Solutions, subject to the completion of employee consultation procedures. ...
Shipping arms of Gazprom and Lukoil hit in latest EU sanctions round The European Union has expanded its sanctions regime against Russia, targeting shipping-linked operations of energy giants Gazprom and Lukoil as part of a fresh package aimed at curbing Moscow's energy revenues and disrupting the so-called shadow fleet. EU governments added 34 individuals and 47 entities to the sanctions list on Monday, with several measures focused ...
World's largest bulk-to-container conversion completed in China China Classification Society (CCS) has completed inspection and certification work for what is believed to be the world's largest bulk carrier-to-container ship conversion project, marking a significant milestone for the ship conversion sector. The 80,000-dwt Kuang Chi Delta (pictured) was officially delivered following an extensive six-month conversion programme at Zhoushan Xinya Shipbuilding &
Everllence secures first order for new methane dual-fuel engine Everllence has secured the world's first order for its next-generation B&W ME-GI Mk10.7 dual-fuel methane engine, marking a significant milestone for the company's methane-fuelled propulsion portfolio. The engines have been selected for a series of four 8,600 CEU car carriers being built for Norwegian shipowner Global Car Carriers (GCC). The order covers four 6S60ME-GI Mk10.7 ...
Enstructure to acquire LOGISTEC terminal business US terminal and logistics company Enstructure has agreed to acquire all marine terminal operations of LOGISTEC, creating a larger North American port and logistics platform. The deal covers LOGISTEC's marine terminal operations across Canada and the United States, including the Gulf Stream Marine and LOGISTEC Direct brands. LOGISTEC provides bulk, breakbulk and container cargo-handling services,
UK hits shadow fleet insurer as G7 steps up pressure on Russia The UK has slammed shut one of Russia's last insurance escape hatches, blacklisting Balance Insurance just as G7 leaders vowed...
An EU ETS that liner shipping can live with? Lloyd's List senior reporter Declan Bush asks what shipping wants from Brussels as it looks to alter its Emissions Trading...
Owners and marine insurers face snap judgements over 'fragile stabilisation' in Strait of Hormuz What if all does not go according to plan? And come to that, what is the plan anyway?
Hormuz reopening to free 300,000 teu but rate impact still hinges on Red Sea return Carriers seem in no rush to restore normal MEG services amid upcoming strait reopening, with analysts expecting freight rates to...
Containership charter market still firm as demand for long-term charters grows With vessel availability remaining tight and demand for long-term capacity continuing, the containership charter market likely to maintain its positive...
Finland charges cargoship captain with cable damage The master and boatswain have been charged with aggravated vandalism and aggravated interference with telecommunications
Middle East port update: Tuesday, June 16 In UAE, Jebel Ali, Hamriyah and Sharjah ports: all terminal port operations are normal
Tariff repeal spurs Chinese containerised exports to the US, but unprepared countries face new conundrum China has posted the highest gains in transpacific exports, seeing a 33% rise in volumes compared to a year ago...
The Daily View: Short on detail
Daily Briefing A fragile thaw in Hormuz, but timing and sequence now matter | How will the Strait of Hormuz reopening work...
How strait reopening could impact VLCC rates in Middle East and Atlantic It's too early for major moves in crude tanker rates driven by the US-Iran peace framework. The market is in...
DP World begins talks with Corpus Christi for container terminal project The Dubai-based company said it wants to secure a long-term lease at the Gulf Coast port to build a new box terminal, thanks to the port's newly deepened ship channel.
Truck tech suppliers connect capacity, relationship management Technology developers are emphasizing the need for greater visibility into networks of loads and trucks and greater trust in shipper-carrier partnerships.
India-USEC ocean rates jump to 20-month high amid capacity pressures Space availability on the trade lane has tightened as a result of MSC withdrawing its Indus Express service, while other competing networks reported schedule disruptions in the form of six blank sailings.
Many US retailers bracing for likely doubling of all-in service contract rates After inking annual service contracts that were slightly lower than the prior year, importers are now facing the double-barrel reality of rising bunker fuel costs and soaring peak season surcharges.
The man who 'sold' Eagle Bulk tweaks Genco Shipping on eve of proxy vote AMA Capital Partners Paul Leand has some strong views on elements of Genco Shipping's battle with Greek owner Diana
'El Jefe' speaks: forget about 2008, it's really more like 2004 The dean of New York-listed chief financial officers argues the party's not over just yet
Secret tanker transfers revealed as part of US mission to get oil out of Gulf Reuters details dozens of operations taking place once vessels are through Strait of Hormuz
'Bullish for tankers short-term': Experts predict volatile few weeks as Strait of Hormuz opens Questions abound as market observers lay out a weeks-long journey to Strait of Hormuz normalisation
ECO sells remaining tankers from debut fund as it plots first bulker buys Darrell Crate company is also investing in more chemical tonnage
Big-name VLCC players flock to Gulf as Strait of Hormuz reopening looms Angelicoussis and Sinokor keep sending ships to Gulf of Oman as brokers promise rate bonanza
UK targets ships sold into Russian shadow fleet in new sanctions package Insurers, tankers and LNG carriers among vessels designated in the latest listings
Container futures signal potential peak in red-hot transpacific market Carriers belief however that the spot market still has legs, sees them slap on further surcharges
Chinese shipowners and brokers survey Strait of Hormuz reopening Shipping executives see upside from Iranian oil
AP Moller-Maersk Tankers boss Revsbech joins Bunker Holding board as profit beats forecast Co-owner Nina Ostergaard becomes chairman of huge fuel supply group
Maersk Tankers boss Revsbech joins Bunker Holding board as profit beats forecast Co-owner Nina Ostergaard becomes chairman of huge fuel supply group
Fearnley Securities breaks into mining and metals with new hire from ArcelorMittal New business area is a 'natural evolution' for the investment bank
AD Ports eyes wind ship investments with Chinese yard Collaboration with Dajin Heavy Industry to explore 'scalable solutions' in high-growth renewables market
Ukrainian rescue boats targeted in 'unprecedented' attack, says Kyiv Two killed after three rescue vessels come under fire in maritime corridor off Ukrainian coast
Union Maritime said to have turned $22m profit on tanker resale Laurent Cadji-led owner tied to disposal of LR2 due in July
Laden Excelerate Energy FSRU newbuilding closes in on Jordan Regas unit switcharoo set to start with new unit scheduled to arrive in coming days
Gadot Group's Chemship targets new Americas trade with chemical tanker switch Israeli firm expands parcel vessel operation into the Caribbean and Central America
Big Greek names order capesize newbuildings at Hengli Heavy Brokers believe the bulkers ordered by Tsakos Group and Cape Shipping are resales
Strait of Hormuz deal to end 'extraordinary' VLGC rates run, says Pareto Analyst cuts BW LPG to hold from buy
Trafigura snaps up ExxonMobil LNG newbuilding in term deal Vessel details of relet remain sketchy
How VLCC rates defied gravity during Strait of Hormuz closure Tanker director Theo Kourmpelis believes headline figures on vessel use are misleading
Varamar moves into shipowning with deals for up to 12 vessels Belgium-based operator lines up investment in MPP tonnage
EU tightens $1.5trn Russian sanctions squeeze with fresh shipping targets String of Russian-linked commercial and technical managers also blacklisted
Frontline chairman cashes in $540,000 in options after stock rally Ola Lorentzon also sold options and stocks in March
Captain of shadow tanker seized by UK's Royal Navy charged with sanctions busting Ajay Pant is due in court on Tuesday following Saturday's operation in the English Channel
Euroseas doubles up on container ship newbuildings in China US-listed owner declares options for a pair of Bangkokmax vessels
Hong Kong shipowner emerges as buyer of supramax bulker Corporate records and valuation data identify purchaser
'War premium finally cracked': Ship breakers ask if peace deal will open floodgates Hormuz reopening and potential sanctions easing means vessels may finally start to arrive at breakers in bigger numbers
Greek owner scores record high price for five-year-old ultramax bulker DryDel Shipping's $38m price for the Dominator could surpass that of a newbuilding
Gail (India) set to sift LNG carrier time-charter offers Owners wait on for results tenders by BASF and Galp for vessels to take on period hire
Truckload market's upswing ushers in driver pay hikes Rising driver pay is typically a sign of improving truckload fundamentals. While it is still early in the upcycle, some carriers are implementing pay hikes to keep drivers happy and their equipment seated. Joliet, Illinois-based carrier GP Transco announced Monday that it has increased pay for all company drivers by 5 cents per mile. The rate bump pushes the upper end of its pay scale to 72 cents
Coming weeks will see multiple factors reset ocean rates But supply chain normalcy is likely months off as anxious shippers spur an early peak in a rush to beat fuel surcharges and price hikes by Asian manufacturers. Spot rates on the benchmark Asia-U.S. West Coast route were unchanged at $4,836 per forty foot equivalent unit (FEU) in the latest week, according to the Freightos (NASDAQ: CRGO ) Baltic Index. The price for Asia-U.S. East Coast service wa
USDOT signs on as a customer of SONAR's high frequency freight market data . The U.S. Department of Transportation (USDOT) has awarded a contract to FreightWaves SONAR to provide high-frequency freight market data in support of federal transportation analysis and economic research, SONAR announced Wednesday. SONAR's data will help monitor freight market health, inform regulatory enforcement, and supply timely insights to the Department's Office of the Assistant Secretar
2026 State of Logistics Report: Volatility is the new normal Supply chain volatility has moved from a temporary disruption to a permanent feature of the operating environment, according to the 2026 State of Logistics Report released Tuesday. U.S. business logistics costs totaled $2.4 trillion last year, or 7.8% of gross domestic product, down from $2.6 trillion and 8.7% of GDP in 2025. The report, authored by Kearney and presented by Penske Logistics for t
FRA Greenlights Expanded Rail Track Tech Tests as CSX Prepares July 2026 Rollout ( The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. ) The Federal Railroad Administration (FRA) recently approved a five-year waiver that lets railroads expand the use of Automated Track Inspection (ATI) technology. This decision, announced in December 2025 by U.S. Transportation Secretary Sean P. Duffy, aims to i
Freight Distress Report: more carriers shut down, logistics firms cut jobs A new wave of bankruptcies and layoffs swept through the transportation and logistics sector over the past 10 days, with trucking companies, truck dealers, repair businesses and logistics providers filing for Chapter 7 and Chapter 11 protection while hundreds of workers faced job cuts nationwide. The latest filings, spanning June 5 through Monday, underscore the continuing strain on freight-relat
SCOTUS ruling, market margins take center stage on FreightWaves Today SCOTUS ruling: Safety standards overrule preemption Following recent Supreme Court rulings , the transportation industry is facing a new regulatory reality where federal preemption is no longer a blanket defense. During Monday's liveshow of FreightWaves Today, Highway CEO Jordan Graff highlighted that brokers must now aggressively integrate formal safety standards directly into their carrier vett
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