VIDEO: Saildrone Surveyor USV launches JAGM missiles Alameda, Calif.-based unmaned surface vessel specialist Saildrone reports that, during the U.S. Navy's Rim of the Pacific (RIMPAC) exercise, a Saildrone Surveyor USV executed two Joint Air-to-Ground Missile (JAGM) launches. Conducted off
Climeon completes second of two HeatPower 300 containership retrofits Stockholm, Sweden-based waste heat recovery system specialist Climeon AB reports that it has successfully commissioned and handed over the second HeatPower 300 system in a previously announced two-containership retrofit project for an
Maritime Partners welcomes the M/V Ann Nash towboat to its fleet Metairie, La.-based Maritime Partners has added the M/V Ann Nash to its fleet. The towboat was built by FMT Shipyard & Repair in Harvey, La., with Laborde Products supplying equipment for the
UKMTO reports second Somali piracy hijacking within a week If attacks on merchant ships by Iran and the Houthis weren't enough, Somali piracy has re-emerged as a major threat. UKMTO today reported an incident 136NM east of Al Mukalla, Yemen, in
Everllence's 175D engine picked to power four new offshore terminal tugs Four offshore terminal tugs on order at a Turkish shipyard for Boskalis subsidiary Smit Lamnalco will be powered by Everllence 175D engines. The Robert Allan Ltd RAmpage 6000-design tugs will operate in
Baltic Shipping Company adds two wind-assisted hybrid vessels Baltic Shipping Company has added two new 3,550 DWT vessels equipped with wind-assisted propulsion and battery technology. M/V Baltic Iron and M/V Baltic Timber are now in commercial operation under the company's management. Both vessels feature two Econowind VentoFoils , which are expected to reduce fuel consumption by up to 12%. VentoFoils target lower fuel consumption The VentoFoils use wind t
Hiab advances €19 million expansion of MULTILIFT facility in Finland Hiab has marked a major milestone in the €19 million expansion of its MULTILIFT production facility in Raisio, Finland , with the laying of the project's foundation stone. The ceremony took place on 19 August, as construction moves forward on the investment first announced in May 2025. The expanded facility is expected to be completed in the fourth quarter of 2027 . Expansion to increase MULTILIF
Explainer: Is there any Saudi Arabia's quiet pivot? As Houthi strikes disable its Red Sea bypass, Riyadh appears to be shuttling Persian Gulf crude through offshore transfers near Oman borrowing an Emirati tactic without the sovereign infrastructure behind it
Descartes launches AI-powered image document management Descartes Systems Group has announced new AI-powered Image Document Management capabilities designed to help customs brokers, freight forwarders and logistics service providers accelerate customs entry preparation and shipment creation. The solution embeds logistics-trained AI agents directly into Descartes' existing customs and transportation applications, transforming trade documents into opera
Maersk expands AI-powered Trade & Tariff Studio Maersk has expanded its Trade & Tariff Studio , an AI-powered platform designed to help businesses manage customs, tariff and compliance decisions. The enhanced platform connects trade planning, pre-entry review, customs execution, reporting and post-declaration audit support within a single workflow. It builds on the initial launch of Trade & Tariff Studio in 2025. Platform targets earlier custo
SeaLead US sanctions: From expansion to liquidation SeaLead US sanctions ultimately brought an abrupt end to the container carrier's expansion, with the company ceasing trading and entering voluntary liquidation in August 2026. The final collapse was sudden, but the pressure had been building for almost a year. Container News' previous coverage shows how the situation developed in stages. US sanctions first affected vessels in SeaLead's chartered
Hapag-Lloyd raises rates from North Europe to South Asia Hapag-Lloyd will increase its Ocean Tariff rates from North Europe to India, Bangladesh and Sri Lanka. The new rates will apply to sailings starting on 1 September 2026. They will remain valid until further notice. Rates for 20-foot dry containers All amounts are in US dollars. Origin Destination Current base rate New base rate Increase North Europe Ennore US$509 US$609 US$100 North Europe Chitta
CMA CGM plans to increase Suez Canal transits CMA CGM has reaffirmed plans to increase vessel transits through the Suez Canal, as the French shipping group continues to expand its use of the route. Suez Canal Authority (SCA) Chairman Admiral Ossama Rabiee discussed the group's future sailing plans with Christine Cabau, CMA CGM Executive Vice President for Assets and Operations. Tariq Zaghloul, CMA CGM Egypt and Sudan Cluster CEO, also parti
Deciphering Washington's shipbuilding gambit against China The USS Nantucket slid into the water at Fincantieri's Marinette yard in Wisconsin five years ago, an Italian-owned facility building an American warship on American soil. That image now sits at the center of a fight reshaping the Trump administration's naval strategy one that pits the urgency of countering China against the politics of "America First."
Hai An expands container fleet to support Intra-Asia network Hai An Transport and Stevedoring Joint Stock Company is investing in new container equipment to strengthen its operational capacity and support its regional network expansion. In late April 2026, subsidiary Hai An Container Transport Company Limited signed a contract with Hoa Phat Container Production Joint Stock Company. The agreement covers the construction of 850 new containers. The order comp
Hapag-Lloyd to acquire 25% stake in APM Terminals Maasvlakte II Hapag-Lloyd has signed an agreement with APM Terminals to acquire a 25% stake in APM Terminals Maasvlakte II in Rotterdam. The investment will give Hapag-Lloyd long-term access to automated terminal handling capacity at one of the key European hubs for the Gemini Cooperation. APM Terminals will retain operational control of the terminal. Financial details of the transaction were not disclosed. Ha
Trump delays 50% Canada tariffs as trade talks advance US President Donald Trump has delayed new 50% tariffs on certain Canadian imports for three days as Washington and Ottawa continue trade negotiations. The tariffs were due to take effect at 12:01 a.m. Eastern Time on 19 August. However, an official White House proclamation has moved the effective date to 12:01 a.m. on 22 August. The White House said the suspension follows developments in negotiat
CK Hutchison seeks US$1.5 billion from Panama in treaty dispute CK Hutchison has launched international arbitration proceedings against Panama, seeking more than US$1.5 billion in damages. The Hong Kong-based conglomerate claims that Panama breached an investment protection treaty. According to Reuters, the company said government measures taken over the past two years had destroyed its investments in the country. The dispute centres on the concession contrac
Maersk expands Columbia Sportswear partnership with UK logistics deal Maersk has expanded its partnership with Columbia Sportswear Company through a new warehousing and distribution agreement in the UK and Ireland . Under the five-year agreement, Maersk will manage Columbia's Pick & Pack operations from its existing facility in Tamworth, near Birmingham. The operation will move closer to the UK and Ireland markets. It will replace Columbia's current distribution se
APM Terminals Elizabeth orders RTG cranes from Konecranes APM Terminals Elizabeth has signed an agreement with Konecranes for 34 fully electric Rubber-Tired Gantry cranes, with an option for six additional units, as part of a broader modernisation programme at one of North America's busiest container terminals. The order was booked in the second quarter of 2026, with deliveries to be completed by the end of 2028. The E-RTGs are fully powered by onboard
ZIM targets Q4 closing of Hapag-Lloyd acquisition ZIM Integrated Shipping Services said its pending acquisition by Hapag-Lloyd is targeted to close in the fourth quarter of 2026 , as the companies continue to seek the required regulatory approvals. The update was included in ZIM's second-quarter results released on 19 August. The transaction remains subject to customary closing conditions, including approvals from several regulatory authorities.
"K" Line to begin operations at expanded Kobe container terminal Kawasaki Kisen Kaisha ("K" Line) will begin operations at container terminals PC14-17 at the Port of Kobe on 1 September 2026. The terminals are located on the southern pier of the Port Island Stage 2 area. They form part of the Kobe International Container Terminal (KICT). The move follows preparations that began after an agreement signed in June 2023. KICT to handle nearly 40% of Kobe's foreign
Port of Lázaro Cárdenas advances strategic road infrastructure projects Lázaro Cárdenas has allocated a total investment of MXN 1.729 billion under its Public Works Investment Plan for 2025 to 2030, aimed at strengthening port logistics and transforming urban mobility for the benefit of the surrounding population. Two strategic road infrastructure projects are currently underway within the city of Lázaro Cárdenas. The first project, the Construction and Expansion of
Port of San Diego authorises permits for Skycharger electric truck hub The Port of San Diego Board of Port Commissioners has certified the Environmental Impact Report and authorised the issuance of a Coastal Development Permit for the Tidelands Avenue Electric Truck Hub proposed by Skychargers, marking a significant milestone in the port's efforts to advance zero-emissions freight infrastructure. T he Board has also authorised staff to sign a non-binding Term Sheet
DP World modernize the port of Tartous DP World has reached a significant milestone in its US$ 800 million investment programme at the Port of Tartous, completing the delivery of all three Mobile Harbour Cranes that are expected to increase the port's cargo-handling capacity by approximately 40%. The cranes will enable faster vessel turnaround, improved operational efficiency and increased handling of containerised, bulk and breakbulk
NIMO and Belfast Harbour join Port Innovators Network The PIER has welcomed Northern Ireland Maritime and Offshore and Belfast Harbour as the newest members of the Port Innovators Network, a worldwide association aimed at boosting innovation adoption across the global ports ecosystem. The membership strengthens PIN's reach into the Northern Ireland maritime and offshore sector and connects Belfast Harbour's digital transformation programme with inte
SAAM Hunabku to become Guatemala's first IMO Tier III tugboat SAAM Towage will soon add the SAAM Hunabku to its fleet, marking the company's 16th vessel delivered by Sanmar Shipyards and the first IMO Tier III certified tugboat to operate in Guatemala. The vessel will be based at Puerto Quetzal as part of SAAM Towage's fleet renewal programme in the Americas. IMO Tier III classification certifies compliance with the highest international standards for nitro
SC Ports appoints new Chief Operating Officer South Carolina Ports has announced the appointment of Patrick McCrory as Chief Operating Officer, effective October 5, with the unanimous approval of the SC Ports Board of Directors. McCrory will lead the port's more than 500-person operations team, responsible for safely and efficiently running container terminals, RoRo and breakbulk operations, intermodal facilities and two rail-served inland p
ClassNK updates alternative fuel guidelines for hydrogen and methanol ships ClassNK has released a revised edition of its Guidelines for Ships Using Alternative Fuels . Edition 3.1 updates safety requirements for ships using hydrogen, methanol and ethanol as fuel. The changes aim to help shipyards, designers and shipowners develop alternative-fueled vessels in line with the latest international standards. New requirements for hydrogen-fueled ships ClassNK has carried out
Jason Statham goes full Die Hard at sea Jason Statham's latest action movie, Mutiny, puts the British hardman aboard a containership packed with mercenaries, with much of the maritime action filmed not on a studio set but aboard an actual 30-year-old feeder. Statham plays Cole Reed, a former special forces operative and cop turned private security contractor who is framed for the murder ...
Navios Partners takes VLCC newbuild spend past $840m with fresh trio New York-listed Navios Maritime Partners has added three more scrubber-fitted VLCC newbuildings in a $361.5m deal, taking its fresh supertanker programme to seven ships worth $843.5m. The Angeliki Frangou-led owner agreed the latest acquisitions in June and July at $120.5m per ship, with deliveries scheduled for the second half of 2028 and during 2029. The ...
Oil India adds more time to Dolphin Drilling rig deal Norwegian offshore rig owner Dolphin Drilling has been awarded an extension for one of its semisub drilling rigs. Under the extension, the 1974-built Blackford Dolphin rig will continue its contract with Oil India Limited. The contract has been extended to October 15, 2026, to complete drilling, testing, and abandonment work at locations east of India, ...
AF Offshore Decom bags another North Sea platform removal contract Norway's AF Gruppen has, through its subsidiary AF Offshore Decom and in a consortium with Heerema Marine Contractors, been awarded a contract by a North Sea operator to remove and dispose of one of its platforms on the UK Continental Shelf. The client was unnamed, but the company said this was the third contract the ...
Evalend reloads at Yangzijiang with $220m LR1 quartet Kriton Lendoudis-led Evalend Shipping is returning to Yangzijiang Shipbuilding for four more LR1 product tankers, further expanding the Greek owner's sizeable newbuilding programme in China. Brokers have placed Evalend behind four ships of around 74,000 dwt, with prices quoted at about $55m apiece, putting the deal at roughly $220m. Delivery slots are reported in the ...
Finland taps domestic yard for new icebreaker Helsinki Shipyard has won the contract to build Finland's next icebreaker, with the new vessel set to replace the 1954-built unit as the country starts renewing its ageing winter navigation fleet. DNY Finland, the company behind Helsinki Shipyard, will start construction in 2027, with completion targeted for September 2029. Affiliate Sata Shipbuilding in Pori will ...
TGS secures rights to market Brunei offshore data Oslo-listed seismic specialist TGS has been awarded data brokerage, marketing and licensing rights by the Petroleum Authority of Brunei for subsurface data over an offshore Brunei block. The award covers data across the block, including 3D seismic data, well information, and associated technical reports that give E&P companies the insight needed to evaluate the block ...
Cashew waste enters Singapore bunker mix Olam Agri and Vitol Bunkers have carried out what they describe as Singapore's first bunker supply of VLSFO co-processed with cashew nutshell liquid (CNSL), putting an agricultural waste stream to work as a lower-carbon marine fuel. Vitol supplied 246.5 tonnes of fuel to the 82,000 dwt kamsarmax Scion Mathilda, comprising 212 tonnes of conventional VLSFO ...
Apexindo lands Pertamina rig deal in Indonesia Indonesian drilling contractor Apexindo has won a contract for one of its offshore drilling rigs from a subsidiary of state-owned giant Pertamina. Apexindo won a two-year firm contract, with an optional one-year extension. The contract, awarded to the 1982-built semisubmersible barge Yani, is worth around $74.3m. According to Jeanne Watulo, director of PT Apexindo Pratama ...
Centrofin moves into boxships with Hengli pair Greek owner Centrofin Management has been linked to its first containership newbuildings, with brokers placing the Dimitris Procopiou-led company behind a pair of 6,000 teu vessels at China's Hengli Heavy Industries. The ships are scheduled for delivery in 2028, with no price disclosed. The deal appears to date back to Posidonia in June, when Hengli ...
Tidewater and Skansi secure fresh PSV charters Offshore support vessel owners Tidewater and Skansi Offshore have secured fresh term work for platform supply vessels. Tidewater's 2013-built Fortune Tide has been fixed to Aker BP for around seven weeks firm plus options on supply duties, according to offshore brokers Braemar. The rate was not disclosed. The vessel has already been working for Aker ...
VLCC market enters 'stop the press' territory The VLCC market has gone into overdrive, with rates surging simultaneously east and west of Suez as Chinese crude buying, tightening tonnage lists and the Hormuz crisis combine to produce one of the most extraordinary tanker markets in years. "We're in 'stop the press' territory now with VLCC rates galloping in all areas in tandem ...
Golar's FLNG departs Cameroon after eight years offshore CoreMarine has completed the disconnection and removal of Golar LNG's Hilli Episeyo FLNG unit off Cameroon, clearing the vessel for redeployment to Argentina after eight years of production offshore Kribi. The company provided project management, engineering, procurement, and operational services for the campaign The successful departure marks the end of the FLNG's Cameroon contract, which ...
Ørsted proposes new 2GW offshore wind farm off Taiwan Danish renewable energy company Ørsted has proposed a new 2 GW offshore wind farm off Taiwan's Changhua coast, named Dadu II. Filings from Taiwan's Ministry of Environment show the project would cover about 234.6 sq km of sea area, with the nearest point roughly 38 km from shore. The plan envisages turbines in the 14-22MW ...
Black Sea export war intensifies The maritime war in the Black Sea has hit more targets, with Russia claiming fresh attacks on a merchant ship and Ukrainian port infrastructure on Wednesday. Russia's defence ministry said a dry cargo ship carrying what it described as military property was struck southeast of Odesa, while fuel storage tanks at the port of Chornomorsk ...
CK Hutchison piles another $1.5bn claim onto Panama ports battle CK Hutchison has opened another front in its battle with Panama, launching international arbitration seeking more than $1.5bn over the loss of its investments in the Balboa and Cristóbal terminals at either end of the Panama Canal. The Hong Kong conglomerate claims Panama breached an investment protection treaty through measures culminating in the February seizure ...
Kyrgyzstan disowns unauthorised ship registrations Landlocked Kyrgyzstan has told the International Maritime Organization (IMO) that no company or individual is currently authorised to register or operate seagoing vessels under its flag, casting an unusual spotlight on the country's fledgling ambitions to build an international ship registry. In a circular distributed to all IMO members this week, the Kyrgyz government said ...
Hudong-Zhonghua details expansion plans China's Hudong-Zhonghua Shipbuilding is pushing ahead with another major expansion of its Changxing Island facilities as the country's yards race to add capacity amid an extraordinary newbuilding boom. The CSSC-controlled yard plans to extend its No.2 drydock by 220 m, taking it from 440 m to 660 m, matching the length of the neighbouring No.1 ...
Japan to construct first large shipbuilding dock since 2017 Japan is set to build its first large shipbuilding dock in nearly a decade as the country starts putting concrete behind an ambitious government-backed drive to revive its shipbuilding fortunes. Namura Shipbuilding is moving ahead with plans for a new large construction dock, the first such major facility to be developed in Japan since Imabari ...
Splash Singapore: Marcura's Janani Yagnamurthy calls for greater maritime tech honesty Marcura's Janani Yagnamurthy heads to Splash Singapore, arguing that AI's biggest opportunity may be preserving shipping's institutional knowledge and giving junior staff access to decades of experience from day one. "You learn more from one person explaining honestly about a problem they've had to solve than from 10 previews of what's coming next." That is ...
The Daily View: Global food supplies in the line of fire
Trump touts Hormuz success as industry questions scale of oil recovery US claims that a military-backed shipping corridor is restoring up to half of pre-war Middle East Gulf oil exports through...
Strait of Hormuz: Where are the off-ramps coming from? Both the US and Iran are happy to avoid escalation at the moment and the strait remains closed, so how...
Sinokor buying spree nears 80 VLCCs valued at over $6bn as Hormuz crisis drives up values The expansion has been supported by MSC-linked entities, while several newly acquired VLCCs have been deployed in the high-stakes Hormuz...
Black Sea war risk rates 'all over the place' as Russia and Ukraine target each other's shipping 'This region is not an area I can see calming down in the immediate future,' says underwriter
Höegh Autoliners extends lives of its vintage ships amid vehicle carrier capacity crunch Oslo-listed vehicle carrier operator is extending the operating lives of some of its oldest pure car and truck carriers as...
Pirates hijack sanctioned tanker in second Gulf of Aden attack this week A sanctioned product tanker has been hijacked in the Gulf of Aden and diverted towards Somalia, marking the second piracy-related...
LNG-fuelled Cosco vehicle carrier now under tow as fire appears contained The blaze was contained using the vessel's carbon dioxide system, with no active fire, pollution or stability concerns now reported...
CK Hutchison launches $1.5bn arbitration against Panama over ports seizure The latest escalation came as CK Hutchison flagged a 1% drop in its port throughput in 1H26 because of reduced...
Daily Briefing Grain carriers under fire as Black Sea conflict continues to escalate | Kyrgyzstan disowns vessels flying its flag as ship...
Shipping stocks at decade highs amid geopolitical chaos and strong demand The 2000s was the 'golden era' for shipping stocks, with multiple segments all spiking simultaneously. Recent trading behaviour of shipping...
El Niño adds to an already stressed cold-chain ocean market The volatile weather pattern poses a growing concern for refrigerated container shipments from Latin America, market experts told a TPM cold-chain webcast.
Australian regulators probe WiseTech over pricing model shift The company, a provider of widely used forwarding software, told the Australian Stock Exchange it would "fully cooperate" with the investigation after the third raid of its Sydney headquarters in recent years.
Gemini readying first move of its India-Europe services through Suez: sources The Maersk/Hapag-Lloyd alliance would send ad-hoc sailings through the canal during the rest of 2026 as part of an operational risk assessment, and roll out regular Suez transits on the trade lane from January 2027.
Hutchison seeks $1.5 billion from Panama over cancellation of terminal leases The Hong Kong conglomerate said this case is separate from the contract rights arbitration launched by its Panama Port subsidiary in February following the loss of the concession and seizure of the two terminals.
Crowley adds new Central America to US Gulf Coast service The short-sea shipping specialist said its new service connecting Guatemala and Honduras with Houston will begin in September.
Hutchison seeks $1.5 billion from Panama over cancelation of terminal leases The Hong Kong conglomerate said this case is separate from the contract rights arbitration launched by its Panama Port subsidiary in February following the loss of the concession and seizure of the two terminals.
North Carolina looks to inland breakbulk facilities to expand maritime sector A recent economic report suggested that breakbulk and project cargo can create opportunities in the state that don't require it to "chase the container scale" of Norfolk, Charleston, or Savannah.
Ukraine provides new details on deadly Russian bulker attacks in complaint to IMO Moscow accuses Ukraine of sinking civilian container ship
Do I hear $100? Navios Maritime shares strike five-year high but one big caveat persists
US-listed Star Bulk is delivering cargoes to Iran, and it's completely legal Shipowner's vessels have been making regular deliveries of grain to Iranian ports during the war
Hormuz shipping death toll rises as seafarer confirmed killed on Malaysian bulker Second engineer reported killed after attack in Strait of Hormuz
Viking Holdings exercises options for two new cruise ships at Fincantieri Order comes after better-than-expected earnings report
LNG rates slump to eight-month lows as tonnage builds Gloomy mood swirls for rest of this year and into 2027
How Saverys and CMB.Tech are taming the lions of Wall Street This week's Streetwise takes a look at the comeback of a 'green' platform and one investor who profited handsomely
Equinor to supply Norwegian bunker operation with ammonia Azane Fuel Solutions strikes deal with oil major for green marine fuel
Navios boosts VLCC orderbook and adds new capesize on 10-year deal Greek owner also offloaded boxship in busy second quarter
Somalia-linked pirates snatch second ship in a week 'Pirate on board Help': Six armed men redirect falsely flagged tanker to Somalia
Diana and Genco takeover drama awaits final $168m act The battle for the New York-listed bulker owner may be over, but you can bet there will be more popcorn moments to come
He bought his old boss' company. Now Evangelos Efstathiou is betting on AI The ambition is to accelerate global trade and sector consolidation by marrying maritime tech and investment
Union Maritime takes Chandris tanker newbuilding on three-year deal Rate is said to be $40,000 per day for LR2 being built in China
Guiding Stars: Evangelos Efstathiou is advising blue-tech dealmakers and doing deals of his own The ambition is to accelerate global trade and sector consolidation by marrying maritime tech and investment
Mercuria ups Argentinian crude bet by $4bn through new joint venture Commodities group teams up with Continental Resources to pump cash into Vaca Muerta production
Video: 'Strait of death' voyage order sparks seafarer revolt Lives are being put at risk with request for Hormuz transit, captain says
Trump warns registries in 'Economic D-Day' pledge 'Most crushing economic operation ever taken against any country' fails to impress Iran
Evalend Shipping stacks orderbook with four product tankers Quartet is scheduled for delivery in 2029
'Any ships flying our flag are unauthorised,' warns landlocked Asian country Registry was set up in 2024, but has not yet signed a vessel
Jiangsu Yangzijiang joins LNG shipbuilders as first newbuilding delivers to Mercuria Yard becomes first privately owned facility to build a full-size LNG carrier
Hoegh Autoliners plunges after 'disappointing' second quarter High costs drag down cash payout
Hamburg Commercial Bank transport loan book recovers after 2025 drop Global Transportation stood at $3bn at the end of June
'Secret' strait: US claims 20 tankers a day using new route through Hormuz Officials quoted as saying the operation has been running for several weeks
Italian owner Montanari renews product tanker fleet with Hengli order Fano-based company linked to deal at Chinese giant
Crew abandons US-flagged multipurpose heavylift ship after engine room floods Schuyler Line Navigation says drifting vessel is in stable condition after suffering water ingress
Spike in Black Sea violence spurs slump in global grain shipments Bimco data shows a drop of a quarter from ports in the region as Ukraine and Russia step up ship attacks
Liquid drugs found hidden in ship's water tank as crew arrested Drugs bust took place in waters off Indonesia
Iran 'turns back' Chinese tanker as other VLCCs pull out of Strait of Hormuz transits Navy issues warning instead of attacking ship
Neu loses VLOC haul to China as landmark newbuilding deal disappears China Merchants Energy Shipping has taken over the German owner's cancelled berths
Neu drops six VLOC newbuildings order at CMI Qingdao China Merchants Energy Shipping has taken over the German owner's cancelled berths
Bulker boss AJ Rahman says he is done with dry bulk operations New York operating company has shut down, and its founder is not planning a comeback in the same business
Crew abandons US-flagged multipurpose heavy-lift ship after engine room floods Schuyler Line Navigation says drifting SLNC York is in stable condition after suffering water ingress
BTL tees off at 40 with Singapore showcase The famous tiger may have a new, sleek look, but liner shipping's legendary golf game remains as popular ever
'Hidden benefits' could change shipping's hydrogen equation, study finds Research puts annual health gains from full transition at $284bn
Ray Car Carriers is poised to splash over $1bn on car carrier order in China The Israeli-owned company is finalising an order for a series of 8,600-ceu vessels at Guangzhou Shipyard
Einride targets 1,500 trucks by 2028 with Tesla and DAF deals Einride reported Tuesday a first-half revenue of SEK 273 million ($27 million), up 26% year over year on a constant-currency basis. It was the Swedish company's first earnings release since its June 10 Nasdaq listing. Management expects growth to accelerate to between 60% and 73% in the second half. The company is pairing that outlook with two new partnerships. Six days before the earnings, Einri
Diesel still ripping higher than the rest of the barrel; here's why Beyond looking out the windshield and seeing retail diesel prices that once again are rising, here are some key comparisons that a consumer dealing with those higher numbers should know. On February 27, the last day before military action began between Iran on one side and the U.S. and Israel on the other, the price of international crude benchmark Brent settled at $72.48/barrel on the CME commod
Americold's Secret to Surviving Power Outages Ever wondered how cold storage facilities protect vital goods during a major power outage? Brian Dunn, SVP of Facilities & Engineering and Head of Sustainability at Americold, reveals the incredible engineering and strategic planning that allows their warehouses to maintain sub-zero temperatures for up to a week. Discover how Americold leverages AI, energy efficiency, and robust risk resilience p
Norfolk Southern's 'Golden Triangle' | Why Georgia is Key for Rail Ed Elkins, EVP & CCO at Norfolk Southern, reveals why Georgia and the strategic 'Golden Triangle' are pivotal for rail logistics and supply chain efficiency. Discover how infrastructure investments are shifting freight from highways to rails, driving massive growth and economic strength in the Eastern U.S. Elkins delves into Atlanta's historical importance as a rail hub, details NS's extensive ne
Dual-Side Logistics: What Shippers & Brokers MISS About Freight Tony Broyles from Overdrive Logistics shares his rare 'dual perspective' having worked on both the shipper and broker sides of the freight industry. He breaks down common misconceptions and reveals why understanding both ends of the supply chain is crucial for success and building lasting relationships. From managing budgets to carrier-friendly freight, discover the unspoken truths that drive the
Freight Factoring: Why OTR Funds in 2 Minutes, Non-Recourse FreightWaves sits down with Clayton Griffin, President of OTR Solutions, to dive into how they're revolutionizing trucking finance. Discover OTR's unique non-recourse factoring model that provides instant funding for carriers, mitigating risk and streamlining operations. Learn how their innovative OTR Select platform is building a robust ecosystem for brokers and carriers alike. OTR Solutions exp
Walmart fast delivery helps fuel 24% growth in e-commerce sales Walmart on Thursday credited continued momentum in e-commerce and fast delivery with helping to drive 5.9% revenue growth during the second quarter, highlighting speed as a feature that attracts more online sales. But U.S. comparable sales growth slowed from 4.6% a year ago to 2.6% and sales guidance was lower than the second half of the previous fiscal year. The retail giant's global e-commerce
China growth straining global auto shipping capacity: Liner CEO There's a capacity pinch in the specialized world of ocean-going vehicle shipping. Wallenius Wilhelmsen Chief Executive Lasse Kristoffersen said surging Chinese vehicle exports are sustaining a shortage of specialized car-carrier capacity, even as new pure car and truck carriers (PCTC) enter service. Speaking during the company's second-quarter earnings presentation, Kristoffersen said market-lea
Driver shortages, booming exports reshape US-Mexico freight market Mexico's export machine is accelerating despite ongoing uncertainty surrounding tariffs, immigration enforcement and shifting automotive production, according to a report from logistics giant C.H. Robinson . The report found that Mexican exports rose 34.4% year over year in June, marking the fifth consecutive month of double-digit growth and pushing first-half export growth to 24.6%. Manufacturin
Zim profit rises on Q2 revenue of $1.78 billion Zim Integrated Shipping Services reported second-quarter net income of $64 million, up from $24 million a year earlier, as higher freight rates and increased volume lifted revenue 9% to $1.78 billion. The Haifa-based container carrier in a release said it moved 922,000 container units in the three months ended June 30, a 3% increase from 895,000 units in the second quarter of 2025. Average freigh
Texas woman surrenders in Union Pacific rail-container smuggling case that left 7 migrants dead One of two fugitives charged after seven migrants died inside a freight container has surrendered, federal prosecutors announced. Karina Garcia, 37, appeared Tuesday before U.S. Magistrate Judge Matthew Watters in Del Rio, Texas. Garcia surrendered Sunday at a Del Rio port of entry, according to the U.S. Attorney's Office. She faces two federal counts that could bring a life sentence upon convic
Green light for new U.S. port that will handle 2 million containers a year The U.S. Army Corps of Engineers has granted a federal permit authorizing construction of the Louisiana International Terminal, a major Port of New Orleans development intended to expand the Lower Mississippi River gateway's capacity for larger ships and growing cargo volumes. Port NOLA announced the permit approval this week, calling it a key milestone for the proposed $1.8-billion greenfield te
When the Supply Chain Broke, Freight Tech Answered: The 2021 to 2023 Acceleration Years For years, freight technology had been a solution looking for the industry to feel enough pain to adopt it. In 2021, the pain arrived. The pandemic-era supply chain crisis did in eighteen months what a decade of sales pitches could not. It took every abstract argument for digital freight tools, real-time visibility, capacity matching, automation, and turned each one into an operational emergency
Cargojet to pass large pilot wage increase onto customers Canadian freighter operator Cargojet plans to recover the substantial increase in costs stemming from a new five-year contract with pilots through productivity gains and by raising rates on customers that ship goods on its domestic overnight network and rent planes for international transportation. The collective bargaining agreement, which was finalized by an arbitration award late last month, c
Teamsters reveal TP Freight's sudden shutdown Teamsters-staffed less-than-truckload carrier TP Freight Lines has suspended operations. The company "abruptly notified" employees on Aug. 4 "not to report to work until further notice," a press release from the union said. Calls to the company's main phone switchboard are currently going unanswered. The Teamsters Joint Council 37 said the company failed to make payroll on Aug. 5 and that it was
CBP finds $15M in meth hidden in celery load at Pharr, Texas, border crossing U.S. Customs and Border Protection officers found nearly $15 million in methamphetamine hidden inside a commercial celery shipment entering Texas. The discovery happened Aug. 15 at the Pharr International Bridge cargo facility near the U.S.-Mexico border. A tractor-trailer arrived from Reynosa, Mexico, carrying a manifested load of fresh produce. Officers referred the vehicle for additional inspe
XPO upgraded by S&P, just one notch below investment-grade LTL carrier XPO has had its debt rating upgraded by S&P Global Ratings, but except for one specific obligation, it remains below the cutoff line between investment and non-investment grade debt. In the most important rating for the company, S&P Global Ratings increased its issuer credit rating on XPO (NYSE: XPO) to BB+ from BB. That is one notch less than the investment/non-investment cutoff. XPO
Axle Logistics Lands a Five-Year Jersey Patch Deal With Tennessee Basketball Freight companies do not usually show up on the front of a nationally televised basketball jersey. On August 18, 2026, one did. According to an announcement released by Tennessee Athletics, Axle Logistics, a third-party logistics company based in Knoxville, has been named the first official jersey patch partner in program history, with its logo appearing on the uniforms of both the Tennessee men'
ACCC executes search warrant at logistics software giant WiseTech in competition probe Australia's competition regulator executed a search warrant at WiseTech Global, the CargoWise owner. The business disclosed the action Wednesday through an Australian Securities Exchange filing. Investigators sought documents and electronic data concerning global logistics services and software. WiseTech pledged full cooperation with the inquiry. After WiseTech issued the filing, the ACCC confir
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