Silverback Marine completes sea trials for OX series truckable tug Silverback Marine, Tacoma, Wash., has completed successful seatrials and commissioning of the OX series, twin Z-Drive equipped truckable tug earlier this month. The concept was designed to fulfill the vision of a
Trump to issue 60-day Jones Act waiver In a move that won't sit well with the U.S. domestic shipping industry, President Trump is to issue a 60 day waiver of the Jones Act. "President Trump's decision to issue a
Dutch Caribbean Coast Guard to get new Damen patrol boats Damen Shipyards Group has been awarded a Netherlands Ministry of Defense contract covering the delivery of three Damen Stan Patrol (SPa) 5009 vessels for the Dutch Caribbean Coast Guard. The new vessels
Nicole Kach joins PNWA as government relations specialist The Vancouver, Wash.-based Pacific Northwest Waterways Association (PNWA) reports that Nicole Kach has joined it as a government relations specialist. Her background includes work in public policy, legislative research, and strategic communications,
American Encore: American Cruise Lines' new riverboat starts delivery voyage American Cruise Lines' newest riverboat, American Encore, has successfully completed sea trials. It is already underway from Chesapeake Shipbuilding in Salisbury, Md., to the Columbia and Snake Rivers in the Pacific Northwest.
Foiling ferry innovator Candela raises €30M for new production facility Raising €30M (about $34.6M), Candela AB's largest funding round to date, with the World Bank's IFC arm joining existing investors, will finance a second foiling ferry manufacturing facility to scale production of
Busan export rates surge as KCCI jumps 6.34% Container spot rates out of Busan climbed broadly last week. The KOBC Container Composite Index (KCCI) reached 1,879 points on Monday, up 6.34% from the previous week, according to Korea Ocean Business Corporation (KOBC) and as Japan International Freight Forwarders Association (JIFFA) reported. Rates rose on most main trade lanes. The US West Coast index edged up 0.49% to 2,046 points. The US Ea
Bureau Veritas certifies Everllence's PrimeServ Assist System Bureau Veritas has granted Smartship Software Type Approval Certification (TAC) to Everllence for its PrimeServ Assist digital monitoring solution. The certification confirms compliance with the SMART(MH3) class notation, which recognizes vessels equipped with advanced digital systems that improve efficiency, safety, and maintenance . Faster Path to SMART(MH3) The approval allows shipowners to sp
ONE introduces emergency inland fuel premium Ocean Network Express (ONE) has announced the implementation of an Emergency Inland Fuel Premium (IFP) in response to ongoing disruptions linked to the security situation in the Middle East. The company said recent developments, including the effective closure of the Strait of Hormuz, have significantly impacted global fuel availability and distribution. Reduced refinery capacity and constrained
Port-Centric Logistics Explained for 2026 More than 80% of world trade volume is carried by sea, according to UN Trade and Development. So, when containers slow down at ports, it can affect your inventory, cash flow, and customers. Port-centric logistics is one way companies are taking back control. Instead of pushing cargo inland as quickly as possible, businesses are rethinking where goods are stored, sorted, and shipped. Here is what
Navigating Real Estate Transactions for Warehousing and Logistics in Washington D.C. Washington D.C. exports over $2 billion in industrial goods annually, with this pillar of the economy underpinned by strong warehousing and logistics. If you are trying to secure a site for warehousing or a distribution center, you quickly realize the city operates under a unique set of constraints. Unlike sprawling suburban industrial parks, D.C. property requires a deep understanding of local l
Maersk introduces PSS for shipments to the United States Maersk has announced the implementation of a Peak Season Surcharge (PSS) for dry container shipments from several countries in Europe and the Eastern Mediterranean to the United States. The surcharge will apply to cargo originating from Bulgaria, Egypt, Georgia, Israel, Lebanon, Romania, Turkey and Ukraine, with an effective date of 16 April 2026. According to the company, the PSS will be set at
Ex-Israeli Security Chief warns against ZIM sale to foreign ownership Opposition to the proposed $4.2 billion sale of ZIM to Germany's Hapag-Lloyd and Israeli fund FIMI is growing, according to Calcalist. Zim employees submitted an opinion to relevant government ministries on Tuesday, prepared by Maj. Gen. (res.) Giora Eiland, former head of Israel's National Security Council. Eiland argued that transferring most of ZIM to foreign ownership would undermine Israel's
Euroseas orders two high-reefer containerships Euroseas has signed a contract for the construction of two specialized 2,800 TEU containerships. Huanghai Shipbuilding Co., Ltd. in China will build both vessels. These ships are optimized for high-reefer density trades, reflecting a strategic move into a growing market segment. Vessel specifications and delivery timeline The new ships will meet modern environmental standards, including EEDI Phas
Bolloré posts €348 million net income for 2025 Bolloré's Board of Directors approved the 2025 financial results on March 17, 2026. Net income reached €351 million. Net income Group share stood at €348 million. Revenue totalled €2,926 million, down 9% at constant scope and exchange rates. Bolloré Energy generated €2,511 million, falling 9% on lower energy prices. The Industry segment posted €310 million, dropping 13% from a strong 2024 driven
CMA CGM updates PSS from Türkiye to Latin America CMA CGM has announced an update to its Peak Season Surcharge (PSS) for shipments originating from Türkiye. This adjustment is part of the Group's ongoing efforts to maintain reliable service levels across its global network. Geographic scope of the surcharge The PSS applies to specific routes connecting Türkiye to a wide range of Latin American and Caribbean destinations. The following regions ar
Maersk opens automated distribution centre in Singapore Maersk has inaugurated a new fully automated global and regional distribution centre in Singapore, significantly expanding its logistics and e-commerce capabilities across the Asia Pacific region. The facility, named World Gateway II, spans 1.1 million square feet and is designed to support growing demand from companies using Singapore as a regional and global distribution hub. Supported by the S
Bangladesh lifts oil rationing as ships reach port Bangladesh now feels relieved as some 24 vessels carrying liquefied natural gas, liquefied petroleum gas, and crude oil have reached its waters since the war broke out in the Middle East. The tiny South Asian nation is highly dependent on Middle Eastern countries for gas and fuel oil to meet its growing energy needs
COSCO SHIPPING Ports reports record throughput COSCO SHIPPING Ports Limited delivered solid results for 2025. Total throughput rose 6.2% year-on-year to nearly 153 million TEU. Revenue climbed 11% to US$1.67 billion. Profit attributable to equity holders reached US$312.1 million, up 1.1%. The group operated against a tough backdrop. Slowing global trade growth, tariff pressures, trade protectionism and geopolitical tensions all weighed on the
CMA CGM updates emergency fuel surcharge levels CMA CGM has announced revised Emergency Fuel Surcharge (EFS) levels following a sharp increase in fuel costs driven by escalating geopolitical tensions in the Near and Middle East. The company said the fuel market has experienced significant volatility in recent weeks, prompting an adjustment to the surcharge initially implemented on 16 March 2026. The updated EFS will take effect from 27 March 2
CN Index jumps as geopolitical shock drives shipping pressure higher The CN Index surged to 637 this week, pushing global container shipping into the Very High Pressure range for the first time in the current cycle. The sharp increase reflects a combination of rising freight rates across key trade lanes and a significant escalation in geopolitical risk, particularly across critical Middle East maritime corridors. CN INDEX WEEK 12 2026 Freight Rates Climb Across Ma
Freightos Weekly Update: Ocean braces for wave of Iran-war surcharges Iran has kept up its attacks on vessels attempting to transit the Strait of Hormuz this week. In recent days though, those strikes broadened to include even non-transiting vessels in the Persian Gulf or Gulf of Oman as well as a broader selection of ports in the region. Iran is allowing a small number of select vessels - from Iran and from countries like China, Pakistan and India - to transit, su
Clarksons snaps up US commodities broker Link Group in $80m move London-listed shipbroker Clarksons has acquired US-based commodities brokerage and data provider Link Group in an $80m cash deal, bolstering its footprint in the Americas and deepening its presence in oil and derivatives markets. The acquisition covers Link Crude Resources, Link Data Services and Link Futures, businesses focused on physical crude trading, derivatives broking and market ...
CMA CGM rolls out multimodal corridors to bypass Strait of Hormuz French shipping and logistics group CMA CGM is deploying alternative multimodal solutions that combine sea, rail, and road transport to maintain the smooth flow of logistics operations despite the situation in the Strait of Hormuz. The company is providing logistics corridors via the United Arab Emirates. Located south of the Strait of Hormuz, Khor Fakkan, ...
Woodside names Elizabeth Westcott as CEO after interim stint Australian energy major Woodside has promoted its acting chief executive officer, Elizabeth Westcott, to a permanent role. Westcott, who has served as Woodside's acting CEO since the departure of Meg O'Neill in December 2025, has more than 30 years in the global energy industry. She will also serve as managing director. Meg O'Neill left the ...
War rattles world's largest bunkering hub The world's largest bunkering hub is showing signs of supply stress as the Middle East war drives extreme price volatility and forces distributors to manage their exposure with unusual caution - even as authorities insist overall supply remains adequate. Singapore sells more bunker fuel than any other port by a considerable margin, shifting more than ...
Luxembourg Maritime Administration: The boutique flag A landlocked nation best known for its banking sector is quietly making inroads into commercial ship registration, with Luxembourg's maritime registry securing its second Greek-operated vessel and building what its promoters describe as a healthy pipeline of additional tonnage from one of shipping's most influential owner communities. The oil and chemical tanker Theanoula, a 183 ...
Dalian Shipping launched with local government backing and Hengli support Dalian Shipping Co has been established this week as a new, government-backed shipping venture supported by Hengli - the world's fastest-growing shipbuilder - marking a concerted push by local authorities and yard industry champions to return the northeastern city back to past maritime glories. The new company combines public sector backing from municipal and provincial ...
SLB OneSubsea to deliver subsea production systems for CNOOC SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has been awarded a multi-well, integrated engineering, procurement and construction (EPC) contract by China National Offshore Oil Corporation (CNOOC). The contract encompasses 20 wells and covers the delivery of integrated subsea production systems for the deepwater Kaiping 18-1 field development in the South ...
Researchers expose hack that could hand attackers full control of ship's engine, navigation and power Maritime cybersecurity researchers have revealed a series of critical vulnerabilities in a widely used maritime IoT platform that would allow a remote attacker to seize complete control of a vessel's propulsion, navigation, electrical power, ballast, steering, and fire safety systems - entirely from a web browser. Singapore-based research team Rudra published the findings this week, ...
US offers $1bn to scrap two TotalEnergies offshore wind projects The US government is preparing a nearly $1bn settlement to reimburse TotalEnergies for the cancellation of two federal offshore wind leases. Reportedly, the proposed deal would see the Interior Department withdraw leases for the Attentive Energy project in the New York Bight and the Carolina Long Bay project off North Carolina. The Justice Department would ...
Marco Polo Marine lands 15-year offshore wind support charter in Taiwan An indirect subsidiary of Singapore offshore vessel player and shipyard Marco Polo Marine has been awarded a significant long-term charter contract by Taiwan's Marine Port Bureau. The contract, awarded to PKR Offshore under the Offshore Wind Farm Emergency Towage and Salvage Services Procurement Project, involves chartering one emergency tugboat or salvage vessel to support Taiwan's ...
Sailors' Society calls for culture change to protect digital native cadets The Sailors' Society has released its fourth annual Cadet Report, titled The first digital seafarer generation, painting a complex portrait of a workforce that is more connected but also more vulnerable than those who came before. Drawing on data from more than 2,600 cadets, trainees, and ratings across 30 countries, the report warns that the ...
Can Gulf NOC strategies deliver demand stability for OSV operators? Short-term operational uncertainty should be balanced by the need to maintain multi-year operational routines, writes Todd Jensen, associate director at MSI. The exposure of offshore oil and gas infrastructure in the Middle East ultimately depends on the trajectory of the current conflict within the region. As of mid-March, the probability of direct attacks on offshore ...
Most maritime AI failures will be data failures, not algorithmic Anil Kumar Korupoju, a senior surveyor at the Indian Register of Shipping, writes for Splash today, stressing the importance of data integrity. Artificial intelligence (AI) is increasingly influencing areas of vessel operation that were traditionally governed by human judgement and physical verification. Collision awareness tools, predictive maintenance systems, and structural monitoring platform
Concerns mount over rate hangover after wartime tanker boom ends The tanker market is still booming and there is panic buying across global commodity trades. The focus is on the...
Iran establishes 'safe' shipping corridor for approved and paid for transits Iran has created a de facto 'safe' shipping corridor through its territorial waters in the Strait of Hormuz, offering vetted...
Call for a Black Sea-style safe shipping corridor for Hormuz A group of countries, including Bahrain and the UAE, want the IMO to help set up a safe shipping corridor...
Euroseas orders 'high-reefer' boxships at Chinese yard Contract with Huanghai Shipbuilding provides 'short period' to make decision on up to four options
IMO states condemn Iran's attacks on shipping Countries have taken turns to condemn Iran and call for an end to attacks on shipping and reopen the Strait...
Cosco tankers positioned to exit Middle East Gulf as speculation mounts over Hormuz crossing All eyes are on whether Cosco ships are about to cross the Strait of Hormuz as speculation suggests
Greek owners add bulkers and boxships as fleet hits record size But Greek-flag fleet continues to shrink, according to new Greek committee survey
MSC resumes secondhand boxship buying spree The containership sale and purchase market has recently picked up, particularly for feeder and mid-sized vessels, as demand remains strong...
Reinsurers must plan for nuclear-powered ships, says Axa XL Any future insurance for these vessels would need to be 'bespoke, extremely high in value and likely supported by governments', Axa XL's Vicky...
Stena Bulk CEO to step down after 14 years at the helm Hanell has spent nearly three decades at the Swedish shipping conglomerate and has led its bulk division since 2012
Middle East port update: Wednesday, March 18 Traffic through the Strait of Hormuz continues to be severely disrupted, and many shipping companies are still avoiding transits due...
The Daily View: Follow the money
Emissions, Excel and emails: what shipping learnt from the first FuelEU cycle The end of this month will mean the first cycles of both Fuel EU and the EU's emissions trading system...
Hengli deepens maritime push with launch of Dalian Shipping Hengli is extending its maritime reach from shipbuilding into shipowning with a new Dalian-based venture
Daily Briefing How 'imaginary' Middle East VLCC rates are having real-world effects | Fujairah loadings plummet as drone attacks rock UAE port prompting...
House committee advances bill targeting non-domiciled commercial driver's licenses Delilah's Law, a major crackdown on immigrants in the trucking industry, was passed 35 to 26 by the House Transportation and Infrastructure Committee and now heads to a floor vote.
Capacity cuts, fuel shocks provide openings for trucking and rail Changing market dynamics offer an opportunity for motor carriers to raise rates, but also for intermodal providers to win business from cost-conscious shippers looking to shift modes.
War reignites tussle between ocean carriers, cargo owners over fuel surcharges The most disruptive energy shock in modern history has reawakened the debate over whether emergency fuel surcharges are a fair way for ocean carriers to recoup unexpected costs or blatant "do
'Data, not documents': Shipping digitalisation enters redesign phase Panel debates whether big data is moving beyond paperless shift to drive real change in trade
Petros Panagiotidis' Robin Energy raises $14m in share deal with Maxim US-listed shipowner could add $75m to balance sheet in at-the-market offering
Trump waives Jones Act to counter disruptions to oil markets American Maritime Partnership expresses 'deep concern' that waiver will be abused
New-look New Fortress plans to fire up Nicaragua LNG terminal this year 'Truly new company' set to emerge from large debt restructuring, CEO says
Clarksons swoops for US oil broker Link Group in $80m takeover London-based shop deepens its push into the Americas
Trafigura among first customers as Transpetro opens Brazilian coastal market to global players Shipowner will expand clients beyond its parent Petrobras
Middle East war engulfs energy assets as Israel strikes gas field and Iran threatens Aramco QatarEnergy confirms missile strike and extensive damage after Iran says oil and natural gas infrastructure in three Gulf countries is fair game
Clarksons swoops for US broker Link Group in $80m takeover London-based shop strikes deal to expand presence in the Americas
Star Bulk ship hit by Iran makes it through Strait of Hormuz Star Gwyneth exits chokepoint on Sunday four days after Iranian attack
Knutsen NYK adds suezmax shuttle tanker newbuilding after $150m bond raise Joint venture goes back to Cosco yard for another specialist vessel
Scottish ferry company turns to China's Guangzhou Shipyard for next newbuildings Fresh problems emerge on domestically built in-service vessel
Clarksons swoops for US broker Link Group in $80m deal London-headquartered shop strikes deal to expand presence in the Americas
Time is short: IMO chief urges action for 20,000 seafarers trapped in Middle East Gulf Arsenio Dominguez urges shipping companies not to take vessels through war hot spots
Dredger ends 28-month detention after Mexico tax dispute Mexican authorities demanded about $90m from Belgian shipowner Jan De Nul
Traffickers caught 'red-handed' throwing cocaine off cargo ship Dutch authorities arrest five smugglers using 'drop-off' method
Top Ships massively undervalued by New York investors, company insists Evangelos Pistiolis says tanker company trading at 91% discount to net asset value
Inside a $17bn shipping fund's view of the Middle East crisis New York's EnTrust Global sees the Iran conflict as the latest catalyst in six years of 'shipping on steroids'
Tanker said to be heading for Cuba as the lights go back on Power grid reconnected as Sea Horse resumes navigating with a cargo of diesel
Capital Tankers new finance chief Niovi Iasemidi steps down from Heidmar board Pankaj Khanna-led operation starts search process for replacement
'Time is short' for 20,000 seafarers trapped in Middle East Gulf, IMO chief warns Arsenio Dominguez urges shipping companies not to take vessels through war hot spots
Tufton Assets sees tightness in shipping markets as Iran war impacts trade Profit for second half of 2025 increased to $33m
Okeanis VLCC set for record spot deal in market rattled by war Clarksons and Poten & Partners deviate sharply on assessments as VLCC taken at sky-high rate
Russia's next-up Arc7 LNG newbuilding sports South Korean-built cargo tanks Is this why fifth-on-delivery-list vessel has leapfrogged three sister ships to start sea trials?
Norwegian owner warns of 'far-reaching consequences' from Iran conflict Norway will not send military assets to Middle East, Prime Minister says
Iran conflict keeping Norwegian shipping boss awake at night like no other event Norway will not send military assets to the Middle East, Prime Minister says
Trump team looks to kill off Net-Zero Framework for shipping New proposals should not penalise any fuel type or include levies, US delegation says
Paschalis Diamantidis firm Velos adds former Scorpio tanker to growing fleet Deals continue amid Mideast upheaval, with buyers and sellers harder to match
'Dribble' of tankers passing through Strait of Hormuz, says White House Donald Trump criticises Nato allies for failing to join naval escort mission at key chokepoint
Arrow Shipbroking: 'We need to build about 46,000 new ships' China will need to build more - and fast - to meet surging newbuilding demand, broker projects
Euroseas orders high-reefer container ship pair in China Nasdaq-listed owner believes the refrigerated cargo business to be a trade with growing demand
Flex LNG secures charter extensions for two vessels from BP John Fredriksen-backed company locks in employment
Samudera buys feeder pair from Imoto to work Japanese coasts Feeder pair will be part of joint venture Blue Ocean's fleet
HD Hyundai stresses bid to splash $4bn in Tamil Nadu shipyard has yet to be finalised Not so fast, says South Korea's largest shipbuilder, after local media report the deal being as good as done and dusted
China to dominate green fuel landscape as it pushes hydrogen economy Beijing's green hydrogen plan is for national security, not sustainability, argues green fuel trader
Harbinger expands medium-duty lineup with HC Series electric truck Urban and regional fleets have long wrestled with a brutal trade-off: sacrifice payload for maneuverability, or give up range to haul more cargo. Add in an electric battery pack, and the math becomes trickier. Ha r binger is betting its new HC Series Cab can end that compromise. The California-based manufacturer unveiled the medium-duty low-cab-forward work truck at Work Truck Week 2026 in Indian
Dalilah's Law that tightens CDL issuance gets House committee OK The House of Representatives' version of Dalilah's Law that would significantly impact the issuance of CDLs and the ability of driver training schools to stay in business sailed through the Transportation & Infrastructure Committee Wednesday, approved on a 35-26 party-line vote. It was the first step for the proposal that has manifested itself in separate House and Senate versions that have some
Robot railcar tech firm adds former Wabtec CEO Intramotev, the technology company building autonomous railcars, said that former Chief Executive Ray Betler of locomotive manufacturer Wabtec has joined its board as an independent director. Betler worked as an engineer at Westinghouse, where he became the youngest head of engineering and later president and CEO in the company's 120-year history. He joined Wabtec (NYSE: WAB) in 2008 and was lat
Andy Corp. acquires truck fleet, warehouses in pair of deals Andy Corp. announced Wednesday that it has acquired an asset-based trucking company and a 3PL providing warehouse services. Financial terms of the transactions were not disclosed. The addition of Ontario-based JDW International and JMS Warehousing will add more than 60 trucks and 200,000 square feet of warehouse space to Andy Corp.'s network. The four locations acquired also include customs-bonde
Amazon delivery provider convicted in $9.4M fraud scheme A federal jury last month convicted the owner of an independent Amazon delivery company on 30 counts of stealing nearly $10 million from the retailer through a scheme that involved fake vendors and invoices. The women and a co-conspirator used the Amazon (NASDAQ: AMZN) money to purchase expensive real estate and luxury cars, including a nearly $1 million home, a Lamborghini Urus, and a Porsche Pa
Latest week U.S. rail shipments flat Freight on U.S. lines saw minimal increases in the latest data reported by the Association of American Railroads. Total U.S. traffic was 508,737 carloads and intermodal units, up 1.1% from the same week a year ago. Carloads came to 228,299 units, up 1%, while containers and trailers totaled 280,438, up 1.1% from 2025. Grain continued its recent rally, leading six of 10 carload commodity groups th
FedEx to shutter 9 New York parcel centers FedEx Corp. plans to close nine shipping facilities in New York and one in Pennsylvania as its multi-year effort to integrate legacy express and ground delivery operations into one unified surface network enters its final phase, FreightWaves has learned. Memphis, Tennessee-based FedEx (NYSE: FDX) completed its Network 2.0 consolidation program for Canada last April and has aggressively worked sin
CMA CGM sets new Hormuz land bypass routes French container line CMA CGM is deploying alternative multimodal solutions combining sea, rail, and road transport to maintain supply chain logistics around the restricted Strait of Hormuz. The Marseilles-based carrier said the options prioritize the safety of crew and employees while mobilizing support for customers' supply chains, and ensuring continuity of trade to and from the Middle East. I
Trump temporarily suspends Jones Act as energy prices soar: Report After the war in Iran sent gas and diesel prices soaring, President Donald Trump has temporarily waived the Jones Act, allowing foreign ships to carry crude oil and gas between U.S. ports. The move suspends the controversial law meant to protect U.S. domestic maritime interests for 60 days as a way to bring down prices at the pump, and secure supplies for military and national security operations
J.B. Hunt says fuel spike not yet driving intermodal conversion Typically, rising truckload rates and diesel prices prompt shippers to consider shifting freight from road to rail. That hasn't been the case yet, J.B. Hunt Transport Services said at an investor conference on Tuesday. Despite a 30% run up in fuel prices since the start of the Iran conflict, little has changed, said Darren Field, J.B. Hunt president of intermodal, at the J.P. Morgan Industrials C
Rail outlook up on firmer economic factors: AAR A rail industry trade group says February data on freight volumes, inflation, and manufacturing suggest a soft landing for the economy, with easing inflation and no significant slowdown in economic growth. Carloads increased 6.5% year-over-year, led by gains in grain, coal, and other industrial products. Year-to-date shipments were the highest since 2023, wrote Rand Ghayad, chief economist for th
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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