AGL Ghana powers Mercy Ships' humanitarian mission in Ghana AGL Ghana is providing logistics services and acting as vessel handling agent for the Global Mercy, the world's largest purpose-built civilian hospital ship, during Mercy Ships' latest humanitarian mission to Ghana. The
Davie picks EBC as general contractor for next phase of Lévis shipyard modernization Canada's Davie Shipbuilding reports that it has reached an agreement that will see Québec-headquartered construction company EBC act as general contractor for a strategic component of the next phase of modernization of
FMD to double capacity at Bird-Johnson Pascagoula plant Fairbanks Morse Defense (FMD) has broken ground on a third Center of Excellence (CoE3) at its Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double capacity to produce
Rheinmetall and MSC to acquire Romania's Mangalia shipyard German defense contractor Rheinmetall and Swiss shipping company MSC have won a bankruptcy auction to acquire Romania's Mangalia shipyard, submitting a winning bid of EUR 138 million. The former own, Damen Shipyards
AD Ports Group reports reduction in emissions intensity in 2025 AD Ports Group has released its 2025 Sustainability Report, highlighting significant progress in its decarbonisation journey as the business continued its global expansion. Total emissions intensity, measured in tonnes of CO2 equivalent per AE$ 1 million in revenue across Scopes 1, 2 and 3, fell 6% to 190.68 tCO2e from 203.06 tCO2e in 2024, demonstrating progress in decoupling emissions from busi
Antwerp-Bruges container throughput rebounds as empty volumes surge The Port of Antwerp-Bruges recorded a strong recovery in container traffic during the third quarter of 2026, achieving its best quarterly performance since the final quarter of 2020. The improvement followed a difficult first half marked by weather disruptions, strikes and operational incidents. Total cargo throughput reached 200.9 million tonnes in the first nine months of 2026, down 0.8% compar
Maersk reshapes Western Mediterranean-West Africa network Maersk will launch a new WAF1 service and revise three existing West Africa services as part of an update to its Western Mediterranean network. The changes, scheduled to take effect from the third week of December 2026, will expand direct connections through Algeciras and Tangier to several West African markets. New WAF1 connection to Dakar The new WAF1 service will provide a dedicated connection
Shannon Foynesport reports record turnover Shannon Foynes Port Company has reported a landmark financial performance for 2025, with turnover rising 12% to EUR 17.63 million and both EBITDA and operating profit reaching historic highs. EBITDA exceeded EUR 8 million for the first time, while operating profit reached EUR 5.71 million, up from EUR 4.81 million in 2024. Operating margin increased to 32.4% and EBITDA margin stood at 45.4%. Reve
Crowley adds new tug at Los Angeles and Long Beach Crowley has accepted delivery of Venture, a new chartered tug that will undertake ship-assist and escort operations at the ports of Los Angeles and Long Beach. The 82-foot vessel was built in the United States by Diversified Marine at its shipyard on the Columbia River. It is Jones Act compliant and purpose-built to assist large vessels operating within the San Pedro Bay port complex. Venture is
MSC Ajaccio omits Livorno call on MSE service Hapag-Lloyd has announced that MSC Ajaccio voyage MM642A will omit its scheduled call at Livorno, Italy. The vessel, operating on the Mediterranean-South America East Coast (MSE) service, was originally scheduled to call at Livorno on 17 October 2026. According to Hapag-Lloyd, the omission is part of a schedule recovery measure. Import cargo rerouted through Barcelona Import cargo originally sche
Maersk updates containerised vehicle booking requirements Maersk has issued updated booking and acceptance requirements for vehicles transported in containers, following the introduction of dedicated UN numbers for battery-powered vehicles under IMDG Code Amendment 42-24. The requirements apply to new, used and damaged vehicles, including cars, motorbikes, e-bikes, e-scooters, boats, forklifts, golf carts and aircraft. Whether a vehicle must be declared
Major investments transform Gothenburg RoRo terminal Gothenburg RoRo Terminal has undergone extensive development over the past three years, with a series of infrastructure upgrades delivering a modernised, more efficient and sustainable operation serving frequent sailings to key freight hubs in the UK and Central Europe. Cargo volumes handled over the quay increased five percent in the first half of 2026 compared to the same period last year, refl
Godby Shipping extends DFDS vessel charters Godby Shipping has extended its time charter agreements with DFDS for the vessels Lysvik Seaways, Lysbris Seaways and Transporter. All three charter agreements will now remain in effect until 31 December 2027. Godby Shipping said the extensions provide operational continuity for the vessels and their crews while continuing the company's long-standing cooperation with DFDS. Lysvik and Lysbris rema
PD Ports opens new marine operations facility at Teesport PD Ports has opened a new multi-million-pound marine facility at Cargo Fleet Wharf, within Teesport Commerce Park in Middlesbrough, UK. The three-storey building brings the company's marine operations and engineering teams together at one location. It replaces facilities at Vulcan Street that had been in use since the 1960s. The investment will support the safe movement of vessels along the River
Big Data in Logistics: What to Fix Before You Invest Logistics is one of the most data-rich industries in the world. Every shipment generates location pings, weight records, customs entries, temperature logs, driver behavior data, fuel consumption metrics, and customer delivery confirmations. A mid-size logistics operator running a few hundred vehicles and a handful of warehouses produces more raw operational data in a week than most industries gen
ProRail awards Rotterdam rail yard upgrade contract to VolkerRail ProRail has awarded VolkerRail a contract to redevelop the Waalhaven Zuid rail yard at the Port of Rotterdam, increasing its capacity to handle longer freight trains. The contract was signed on October 15, 2026. Construction is scheduled to begin in late 2026 and continue until the end of 2028. The project will improve rail freight operations at the port, supporting growing demand for cargo trans
Explainer: Behind MSC's entrance in Mangalia shipyard By joining Rheinmetall at Romania's Mangalia yard, MSC fills the gap that threatened the deal and lays the base for a European shipbuilding platform
CMA CGM announces new congestion charges for Tema, Freetown and Monrovia CMA CGM has announced Port Congestion Surcharges (PCS) for shipments to three West African ports: Tema in Ghana, Freetown in Sierra Leone and Monrovia in Liberia. The charges will take effect on November 1, 2026, based on the loading date. For shipments from the United States and Brazil, they will apply from November 15. The carrier said the surcharges reflect current operating conditions at the
Fire aboard Espirito Santo Express disrupts SX1 service Ocean Network Express (ONE) has reported a fire aboard the vessel Espirito Santo Express while it was sailing from Singapore to Santos. The vessel is deployed on ONE's East Coast South America Express 1 (SX1) service. According to ONE, the vessel's head owner has confirmed that all crew members are safe and that the necessary measures are being taken to bring the situation under control. The exte
Maersk and Hapag-Lloyd reshape Asia-Europe network: Which ports gain or lose? Maersk and Hapag-Lloyd are preparing a significant reshuffle of the Gemini network , with changes to Asia-Europe services that will alter direct port connections across Northern Europe, the Mediterranean and the Middle East
Rheinmetall and MSC win bid for Mangalia shipyard Rheinmetall and Swiss container shipping group MSC have won the auction for the Mangalia shipyard in Romania, with the partners planning to develop the site for both civilian and military shipbuilding. The proposed acquisition carries a purchase price of approximately €138 million, which will be paid jointly by Rheinmetall and MSC. Completion is expected within the coming weeks. Until the transac
Can grain-transit denial reopen the Black Sea? How an EU ban on Russian grain through Baltic ports could reshape container shipping in the Black Sea and set off rerouting from the Arctic to the Caspian. Latvia's prime minister, Andris Kulbergs, has called on Europe to block Russian grain moving through Baltic ports
Hapag-Lloyd introduces new SE5 service in Far East-Europe network reshuffle Hapag-Lloyd has announced a series of changes to its Far East-Europe network under the Gemini Cooperation, including the introduction of a new Asia South Europe 5 (SE5) service. The adjustments will begin in November 2026 and affect six services connecting Asia with Northern Europe and the Mediterranean. The changes include revised port rotations, additional calls and improved connections through
CMA CGM raises Asia-Mediterranean rates and announces new surcharges CMA CGM has announced higher Freight All Kind (FAK) rates for shipments from Asia to the Mediterranean and North Africa, alongside new Peak Season Surcharges (PSS) on other trade routes. The revised FAK rates will apply from November 1 to 14, 2026. Rates for 40-foot containers will reach US$7,100 on shipments to North Africa. The carrier has also announced surcharges for cargo moving from the wes
GT Lines launches Khorfakkan-Berbera service GT Lines will launch a new direct container shipping service connecting Khorfakkan in the United Arab Emirates with Berbera in Somaliland. The Khorfakkan Berbera Express (KBX) is scheduled to begin operating in November 2026 with sailings every 14 days. The service rotation will be: Khorfakkan - Berbera - Khorfakkan GT Lines has not disclosed the first sailing date or the vessels that will operat
Port of San Diego and Subic Bay Metropolitan Authority sign sister port MOU The Port of San Diego and the Subic Bay Metropolitan Authority of the Philippines have formalised a new sister port partnership, signing a Memorandum of Understanding on October 15 during a celebration attended by SBMA dignitaries and local leaders from the Filipino community. The partnership will enable the two organisations to build trade opportunities, exchange knowledge and collaborate on sha
Explainer: What Iran is offering for a reopening? Iran's standing offer to reopen Hormuz shows how far Tehran's leverage has slipped, and why even a deal would not bring back the strait shipping once knew
HarborLab: Why shipping's husbandry bills are still stuck in Excel Shipping has spent years tightening voyage costs, bunker procurement and commercial port expenses, but one sizeable part of the bill remains comparatively untouched: husbandry. For Antonis Malaxianakis, founder and CEO of Athens-based port cost management platform HarborLab, that blind spot is particularly evident around bunkering, crew changes and stores, where technical departments can still be
BW LPG India offloads 18-year-old VLGC for over $80m New York- and Oslo-listed gas carrier giant BW LPG is cashing in again on strong secondhand values, agreeing to sell an 18-year-old VLGC for more than $80m as it presses ahead with a major fleet renewal programme. The company's 52%-owned subsidiary, BW LPG India, has signed an agreement to sell the 2008-built, 84,601 cu m ...
UK shipowners warn against copying FuelEU red tape The UK Chamber of Shipping has urged the British government to avoid repeating the compliance problems encountered under FuelEU Maritime as it prepares to introduce its own maritime fuel standard. In a policy paper published this week, the industry body warned that the EU regime, which came into force in January 2025, had imposed a ...
Marinakis tanker venture locks down $930m for 11 VLCC newbuilds Greek shipowner Capital Tankers has lined up $930.3m in financing for 11 VLCC newbuildings under construction in China and South Korea, making further headway in funding its expanding crude tanker fleet. The Evangelos Marinakis-backed company has signed four financing arrangements since late September, covering vessels booked at Hanwha Ocean, Dalian Shipbuilding Industry Co (DSIC) and ...
Euroseas seals bumper charter and $26m boxship sale Nasdaq-listed Greek containership owner Euroseas has secured a $62,500-a-day charter for a 25-year-old feeder vessel while agreeing to sell its sistership for $26m, capitalising on continued strength in the smaller boxship market. The Aristides Pittas-led company said its 2001-built, 2,556 teu EM Corfu has been fixed for a minimum of 12 and maximum of 14 ...
Dutch inland shipping duo expands into Belgium with new chartering venture Dutch inland shipping companies Amer Shipping and Van de Graaf & Meeusen have joined forces to establish a new chartering business in Antwerp, backed by a fresh dry cargo newbuilding order at Concordia Damen. The two family-owned operators have launched TriBarge to target Belgian and French shippers, combining their existing networks and vessel capacity with ...
Fugro lands NOAA seabed mapping contract off Florida Dutch survey specialist Fugro has secured a contract with the US National Oceanic and Atmospheric Administration (NOAA) to map about 3,200 sq km of seabed off Florida's Atlantic coast. The company will conduct hydrographic surveys for NOAA's Office of Coast Survey, and the resulting data will update nautical charts supporting commercial shipping, government operations, and ...
Blue Autonomy takes vessel performance training online Athens-based maritime technology outfit Blue Autonomy has launched an online academy aimed at the growing number of shipping professionals expected to understand, challenge and defend vessel performance data. The Blue Autonomy Academy opens with 39 self-paced courses covering vessel performance, maritime data and the regulations increasingly putting a price on those numbers. The courses are ...
Eastern Pacific links wind propulsion repayments to fuel savings Singapore-based Eastern Pacific Shipping (EPS) has secured financing for wind-assisted propulsion systems on two vessels through a fund linking repayments to independently verified fuel savings. The Fund for Energy Efficiency Technologies (FEET), managed by AIM Horizon Investments with the Global Centre for Maritime Decarbonisation (GCMD) as decarbonisation adviser, is making its first deployment
Transworld adds supramax in fresh fleet move India's Transworld Shipping Lines has returned to the secondhand dry bulk market, agreeing to acquire a supramax carrier for $16.5m as it continues reshaping its fleet. The Navi Mumbai-based owner has struck a deal to purchase the 2011-built, 55,648 dwt Saltwind Explorer, according to a filing with the National Stock Exchange of India. The company ...
PD Ports opens new marine operations base at Teesport UK port operator PD Ports has opened a new marine operations and engineering facility on the River Tees, consolidating harbour services and vessel maintenance at a purpose-built site in Middlesbrough. The multimillion-pound development at Cargo Fleet Wharf, within Teesport Commerce Park, replaces facilities at Vulcan Street that had been in use since the 1960s. The ...
SK Lim takes helm at G2 Ocean as English moves to Gearbulk Norwegian open-hatch specialist G2 Ocean has appointed SK Lim as its next chief executive, with incumbent Arthur English moving to chair the company's board and take over as CEO of majority shareholder Gearbulk. The changes take effect on January 1, 2027, as the group adjusts its leadership following a change in Gearbulk's ownership, which is ...
MSC tipped for another 20 megamaxes in China Mediterranean Shipping Co (MSC) has reportedly added another 20 megamax containerships at China's Hengli Heavy Industries, further expanding its already massive orderbook as global newbuilding commitments climb to their highest level in more than a decade. According to liner consultancy Linerlytica, Gianluigi Aponte's carrier has booked 20 additional 24,000 teu vessels at the Dalian-based shipbui
Navigator sets course for UK domicile New York-listed gas carrier owner Navigator Gas is moving to shift its corporate domicile from the Marshall Islands to Britain, putting the proposed restructuring to shareholders next month. The London-headquartered company said it had entered into a merger agreement with its wholly owned British subsidiary, Navigator Gas plc, which would become the group's new listed ...
TGS expands West Africa seismic work with Ivory Coast project Oslo-listed seismic specialist TGS, in partnership with the Direction Générale des Hydrocarbures and PETROCI, will conduct the MC3D Vision PSDM reprocessing project off the Ivory Coast. The project will reprocess 14,691 sq km of GeoStreamer 3D data from multiple surveys TGS acquired between 2014 and 2018, covering the deepwater Côte d'Ivoire and San Pedro Basins. ...
Apache braces for offshore strike across seven platforms More than 160 offshore workers, employed by US oil and gas producer Apache, are set to stage a 24-hour strike across seven North Sea installations on Wednesday, with union Unite warning the industrial action could disrupt the strategically important Forties Pipeline System. The walkout will begin at 6 am on October 21 and end the ...
Bulker officer missing after rescuing 28 from burning boxship The chief officer of a Portuguese-flagged bulk carrier is missing after being swept overboard during a dramatic operation that rescued all 28 seafarers from a burning 11,800 teu containership in the South Atlantic. Portuguese maritime accident investigators have opened an investigation into the casualty aboard the Aeolian Arrow, which responded to a distress call from ...
Spodumene shipments triple as battery boom creates new dry bulk trades The seaborne trade in spodumene, a lithium-bearing mineral essential for battery production, is emerging as one of dry bulk shipping's fastest-growing niche cargoes, with volumes more than tripling over the past five years. New research from Greek shipbroker Ursa Shipbrokers shows global shipments reached 4.04m tonnes in the first nine months of 2026, up 11.9% ...
Havila Shipping secures fresh PSV extension with Peterson Norwegian OSV owner Havila Shipping has secured an extension to the contract for its platform supply vessel, Havila Borg. The Fosnavåg-based company has fixed the 2009-built PSV to energy industry logistics provider Peterson Den Helder through September 1, 2027. The Oslo-listed company, which operates 11 vessels, said Peterson has further option periods totalling 15 months. ...
Northern Sea Route smashes shipping records again Shipping along Russia's Northern Sea Route (NSR) has already broken last year's transit record. New figures from Norway's Centre for High North Logistics (CHNL) show 104 confirmed transits by September 30, surpassing the 103 recorded during the whole of 2025 and 97 in 2024. Estimated transit cargo reached 3.7m tonnes, up 15% on the whole ...
Two US Gulf contracts boost Transocean backlog by $550m Swiss-based offshore drilling giant Transocean has won contract awards for two of its ultra-deepwater drillships in the US Gulf of Mexico. An undisclosed operator awarded a ten-well contract to the 2016-built Deepwater Proteus. The estimated 700-day campaign is expected to add approximately $325m in backlog and begin in the first quarter of 2027, continuing directly ...
US moves to legitimise shadow tanker fleet The Trump administration is authorising the sale of sanctioned oil tankers to approved investors who would refurbish the vessels and return them to legitimate crude trades, US energy secretary Chris Wright revealed yesterday, as Washington scrambles to contain soaring freight costs amid the Hormuz crisis. Speaking at a Citadel Securities event in New York, Wright ...
NGM Energy back in the asset game with suezmax flip Asset plays have been the name of the game in shipping circles in recent weeks, with a string of relatively new Middle Eastern players flipping tankers to Chinese buyers at eye-catching profits. But one familiar Greek name, long associated with remarkable timing in the sale-and-purchase market, has been conspicuously absent from the headlines. Now NGM ...
The Daily View: Shadow fleet rehabilitation shows how quickly the Hormuz calculus is changing
Capital Tankers unveils $1bn in new financing as boxship affiliate lists in Athens Evangelos Marinakis' Oslo-listed tanker arm ties up finance for 11 VLCCs under construction
Climate charity criticises Japan's IMO NZF compromise Climate charity Opportunity Green has taken aim at Japan's proposal to let shipowners pay down NZF compliance deficits by donating...
Owner of arrested bulker disputes Ukrainian sale Ukraine has sold seized vessels before as a way of generating revenue, but the case of Emmakris III is not...
Containership owners warn of overcapacity as orderbook hits post-2009 high Orderbook has climbed to its highest level since 2009 after a fresh round of orders, prompting senior industry figures to...
China turns to new Middle East Gulf crude flows as Iranian supplies squeezed Non-Iranian Middle East Gulf crude flows to China are nearing pre-war levels as shuttle services and ship-to-ship transfers reshape trade...
Human error rarely sole cause of loss of bridge control, warns Gard Everybody messes up sometimes; context is key
APMT to remain in Salalah despite end of concession A new concession structure is being finalised which will see APMT retain its Gemini hub past 2028, Lloyd's List understands
HMM returns to HD Hyundai for LNG dual-fuel boxship series as ordering boom continues Newbuildings will replace 8,500 teu ships deployed on the carrier's Asia-India-Mediterranean service and form part of HMM's strategy to expand...
US officials visit India but Russian sanctions waiver unlikely to ease global diesel shortage New Delhi is caught in a bind as the US taps India for more diesel exports with the simultaneous possibility...
Daily Briefing Crude tanker rates retreat from epic peak as chartering pace slows | 'FuelUK' should avoid the mistakes of the past...
Agentic AI to bring outsized capabilities to smaller freight brokers Smaller transactional freight brokers will be able to offer contractual managed transportation using AI agents to reengineer established processes and unlock value in "unstructured" data.
US East, Gulf coast ports launch projects aimed at growth over next decade This year has seen multiple projects planned, started or nearing completion as gateways both big and small prepare for larger ships and expanding trade outside of China.
Breakbulk trade strength comes despite green fuel uncertainty Economic Indicators that pointed to a soft year for the breakbulk market in 2026 have been overcome by busy US carriers, attendees at the Port of Antwerp-Bruges Breakbulk Summit were told.
Tarros deploys container ship to expanded Mediterranean line after $19m charter extension Cosmoship-owned feeder vessel locked in for two years as Italian operator adds call in Thessaloniki, Greece
Koch wins Brazil VLCC rate bounce as Heidmar scores $57m Red Sea fixture Average spot rates continue retreat to lowest level since 2 October
Russia claims attack on container ship at Ukraine port after string of dry cargo vessel attacks Ministry of Defence says port infrastructure also hit as well as vessels delivering 'military cargoes'
Four ways high diesel prices have shaped Trump's sanctions stance Waivers and potential white-listing of dark fleet tankers accompany accusations that Ukraine's attacks are hiking fuel costs
Rush to embrace new ship tech risks lives, industry bodies warn Increased safety risks come with rush to automate and decarbonise shipping
German VLCC sold for delivery next May gets big price cut Brokers say tankers available quickly are going for huge premiums
Nakilat silently sheds two VLGCs as it takes in first VLAC newbuilding Company opens management office in South Korea to oversee huge raft of ships under construction
Fearnleys crude tanker finds buyer at firm price, brokers say Aframax Afra Mare said to have gone for $59m to Chinese interests
Chevron analyst is MVP at biggest-ever Clarksons tanker training event Amee Mitchell wins award for highest level of engagement at London broker's annual gathering
Nakilat silently sheds two VLGC as it takes in first VLAC newbuilding Company opens management office in South Korea to oversee huge raft of under-construction ships
Hoegh Evi and Aker BP bag €223m from EU fund for carbon capture project Italy's Eni also scoops funds for scheme to sequester CO2 in Mediterranean
Ifchor Galbraiths launches coal service as energy crisis reshapes bulker market Swiss-UK shop says LNG disruption is driving renewed Asian demand
Hoegh Evi and Aker BP bag €220m from EU fund for carbon capture project Italy's Eni also scoops funds for carbon capture and storage in Mediterranean
Tankers trickle into Russian ports after US diesel deal Two of three recent crude carriers are on UK and EU blacklists
Chinese ship financiers flush with deals as threats lurk on the horizon CMB Financial Leasing warns soaring freight earnings could signal trouble rather than opportunity
Ifchor Galbraiths launches coal platform as energy crisis reshapes bulker market Swiss-UK shop says LNG disruption is driving renewed Asian demand
Iron ore forecasts from mining giants derisk capesize bulker outlook, ABG says Production outlook BHP and Rio Tinto remains unchanged
Zim lines up Greek neo-panamax newbuildings in latest charter spree Israeli liner operator locks in future tonnage after forward-fixing Danaos and Navios newbuildings
Rush to embrace new ship tech risks lives, warn industry bodies Increased safety risks come with rush to automate and decarbonise shipping
Iran says it has attacked two tankers as Western sources stay silent UKTMO has not reported a single incident involving a large commercial ship in four days
Bulker officer dies rescuing seafarers from burning Seaspan ship Seafarer fell from Aeolian Express after successfully bringing on board crew members from container vessel
Euroseas wins massive pay rise for 25-year-old container ship as it sells another Greek owner sees charter rate leap from $28,000 per day to $62,500 in tight markets
G2 Ocean and Gearbulk name new chief executives Chair Kristian Jebsen is also moving on, having sold his last shares in the firm his father founded
Gulf ship attacks increasing spot high-sulphur bunker costs, Vitol says Trader notes supplies from the Middle East Gulf are down 800,000 tonnes per month from February
Havila loses appeal in $78m row with banks over restructuring deal Norwegian owner will now go to Supreme Court in final battle with lenders
Claims pile up against Chinese-owned bulker trio in Singapore Traverse Antwerp held over $4.79m claim as two sister ships also face action from Chinese national
Ownership dispute lands Chinese-owned bulker under Singapore arrest Traverse Antwerp held over $4.79 claim as two sister ships also face action from Chinese national
John Coustas-led Danaos Corp puts Oslo bulker listing plan on hold Window of opportunity to carve out dry fleet temporarily closes after bulker and stock markets drop
Pirates secure tech and arms from militant tie-ups Expert warns shipowners of risks of complacency with growing piracy threat
DNB Carnegie trip to China prompts more bullish noises for car carriers China's automobile exports looking 'robust' even after European Union moves to curb them
Marinakis-backed Capital Tankers fixes $930m of financing for 11 VLCC newbuildings Greek owners says it continues to make progress on funding 16-strong orderbook
'New price paradigm': Cheap newbuildings may never return, shipowner warns Pacific Carriers chief sees lasting structural pressures even after the current boom subsides
Brazil VLCC rates in steep fall as Delta Tankers and Koch ships fixed Quieter market allows charterers to drive down levels from record highs
BW LPG to bank big gain from sale of older VLGC Singapore-based owner says deal demonstrates strength of secondhand market
Fearnley holds firm on tanker buys as stocks plunge 15% Analysts believe shares should still be bought despite falling rates
Russian shadow fleet tankers 'adopt new spoofing technique' UCL researcher identifies a dozen tankers in two places at the same time
'New price paradigm': Cheap newbuildings may never return, shipowner warns Pacific Carriers chief sees lasting structural pressures even after the current boom subsides
Iran extends Strait of Hormuz blacklist to 120 ships, including vessels sunk Confirmed ship casualty toll hits 29 vessels in three weeks, as UKMTO admits undercounting attacks
Asyad lines up $187.5m share sale to comply with listing rules Omani owner must boost its free float following IPO
Marinakis-backed Capital Tankers fixes $850m of financing for 11 VLCC newbuildings Greek owners says it continues to make progress on funding 16-strong orderbook
HMM inks $1.5bn order for eight neo-panamax container ships The liner company has 20 LNG dual-fuelled 13,000-teu newbuildings on order at South Korean shipyards
Furness-Smith handed the top role at Tysers Singapore Marine insurance veteran gets regulator's blessing to steer broker's Asia growth push
CYH Shipping lines pockets with quickfire sales of three VLGCs to Middle East buyers The Hong Kong-based company has sold its VLGCs to Adnoc L&S and SPM Shipping
Big fines threatened for unauthorised drone flights from ships in Singapore waters Urgent alert issued as MPA tightens oversight of unmanned aircraft over the world's busiest transhipment hub
Middle East violence puts pressure on Hormuz shuttle trade for LPG amid VLGC rate dip Intelligence firm Kpler expects October slump for exports through embattled waterway
Offshore vessel purge from Africa set to feed scrap-starved recyclers Recycling haul includes storage tanker and drilling rig, while diamond mining vessel waits in the wings
Lila Global named as buyer of two steam turbine LNG carriers Freshly renamed vessels converge on Singapore anchorage
A. Duie Pyle expands LTL network with new Ohio, Pennsylvania facilities A. Duie Pyle has opened a 44-door less-than-truckload (LTL) service center in the Cincinnati area, expanding its direct freight network in southwest Ohio just two weeks after opening a nearly 79,000-square-foot warehouse in central Pennsylvania. The two most recent openings follow other investments aimed at expanding Pyle's transportation and distribution capabilities beyond its traditional North
PACCAR builds a fleet app platform into Kenworth, Peterbilt PACCAR will put a factory-installed touchscreen and fleet app platform called PACCAR Connect in Kenworth and Peterbilt Class 8 trucks beginning in early 2027. The company announced the system Monday at the American Trucking Associations' Management Conference & Exhibition in Charlotte, North Carolina. PACCAR said the system, which is covered under factory warranty, can eliminate the need for mult
Partner of Choice: Why the Best Shipper-Carrier Relationships Now Go Beyond Shipper of Choice With tender rejections running about 2.5 times last year and contract rates reset roughly 18% higher, SONAR's latest sitrep explains what shippers should expect a higher-priced carrier relationship to deliver. Partner of choice is a shipper-carrier relationship in which both sides invest in each other's networks, not just transact on loads. Shipper of choice earns preference for the freight. Part
World's first ammonia-powered dry bulk ship completes sea trials CMB.Tech's Mineral Europa, described by its Belgian shipowner as the world's first ammonia-powered dry bulk carrier, has completed sea trials, marking a step toward commercial deployment of the alternative fuel in large ocean-going cargo ships. The 210,000-deadweight-ton Newcastlemax was built at China's Qingdao Beihai Shipyard and will operate under a charter agreement with Australian miner Fort
Reefer Truckload Rejections Soar: 1 in 5 Loads Rejected Nationally The freight market is seeing fluctuating volumes and steady tender rejections, with a particular spotlight on the refrigerated sector. Learn why 1 in 5 reefer loads are being rejected nationally, and how rising diesel costs and fall harvests are impacting spot and contract rates. Discover which regions are driving these trends and what to expect as winter approaches. Refrigerated truckload tender
Bot Auto's Secret to an Affordable Future Bot Auto's President & COO, Brett Suma, explains how their unique foundational model and advanced software, developed by an AI-first team, slashed the cost of autonomous driving systems to just $50,000 per truck. This capital-efficient approach allows them to offer highly reliable, redundant, and safe autonomous trucking, challenging industry norms and driving unprecedented growth. Bot Auto has d
Diesel Prices: Up, Down, or Stuck? FreightWaves editor-at-large John Kingston breaks down the latest diesel price trends and the bombshell $700M nuclear verdict against CH Robinson. Discover what this ruling means for freight brokers and the entire trucking industry, plus insights into fuel price outlook for the coming winter. A Dallas County judge has affirmed 100% of the roughly $603 million nuclear verdict against C.H. Robinson
Time-definite ocean delivery? Container ship completes new Arctic route trial A South Korean container ship has completed that country's first commercial round-trip to Europe through the Arctic , demonstrating a potentially faster alternative to the Suez Canal while leaving unresolved questions about costs, reliability and geopolitical risk. The PanStar Acro returned to Busan on Oct. 11, completing a 50-day voyage that began Aug. 22. It sailed along Russia's Arctic coast t
Heartland Express sees earnings turnaround in Q3 Truckload carrier Heartland Express booked its first net profit since 2023 without the help of outsized gains from equipment and terminal sales. The North Liberty, Iowa-based company reported third-quarter revenue of $179.5 million, a 9% year-over-year decline and below the $191.4 million consensus estimate. (Revenue was 15% lower y/y, excluding fuel surcharges.) Net income of $1 million (1 cent
Benchmark diesel price up as market takes a short breather After months of volatility, the diesel market going into Tuesday appeared to have calmed down, at least for now. The day also featured the release of the weekly benchmark diesel price from the Department of Energy/Energy Information Administration that is used for most fuel surcharges. After a big one-day increase last week in the price of ultra low sulfur diesel traded on the CME commodity excha
How new capacity is raising rates in chaotic ocean market Container shipping lines are pushing freight rates higher even as a gradual return to the Red Sea promises to release capacity into a softening market, as competing forces shape ocean freight heading into 2027. The recovery in Suez Canal routings is unfolding despite persistent security risks in the Middle East, said analyst and SONAR data contributor Freightos (NASDAQ: CRGO ). Meanwhile, increas
Freight broker Fura's latest deal adds $30M in revenue Freight broker Fura announced it has acquired truckload brokerage Road Dog Logistics, adding approximately $30 million in revenue to Fura's platform. This is Frisco, Texas-based Fura's eighth acquisition, meaningfully expanding its over $100-million AI-powered platform. Fura targets brokers with less than $30 million in annual revenue, a segment of the 3PL market that is often ignored by private
Australia Post expands freighter fleet ahead of holiday e-commerce rush The cargo division of Qantas Airways has taken delivery of the first of three additional Airbus A321 converted freighters it will operate for Australia Post to help meet growing demand for expedited parcel delivery across Australia. The entry into service of the new aircraft just weeks before Black Friday sales and the peak Christmas shipping season will help Australia Post and Qantas Freight kee
Truck safety blitzes uncover hundreds of violations across US Commercial truck enforcement operations across the U.S. have uncovered hundreds of safety violations , with authorities placing drivers and vehicles out of service for mechanical defects, unsafe driving and regulatory violations. The enforcement operations underscore the range of violations inspectors continue to identify on U.S. highways, from improper lane use and speeding to equipment failures
Daimler Is Building Autonomy Into The Truck At The Factory, And Leaving The Software Choice Open One of the quieter but more consequential points to come out of a recent candid session with Daimler Truck leadership had nothing to do with financing or freight rates and everything to do with how the trucks themselves are being built right now, because the company made clear that it is already producing a Freightliner Cascadia engineered to be autonomy-ready straight off the assembly line, with
The 2026 Elections Will Reshape Trucking Labor Policy No Matter Which Party Wins For most of the last two decades, trucking could read the politics of its workforce fights along a familiar line, with one party broadly friendly to the independent contractor model and the other broadly skeptical of it, but according to the policy and legal experts who briefed an American Trucking Associations committee at the group's recent conference, that map is being redrawn in a way that sh
Freight Fraud Gets More Strategic Heading Into Peak Season As the freight industry heads into its highest-volume stretch of the year, the cargo theft numbers tell a deceptively reassuring story. Reported incidents fell sharply in the second quarter of 2026, down roughly a quarter from the year before. But losses over that same period more than doubled , to $304.6 million, with the average theft now running about $564,000. Industry estimates suggest only
Failed CDL exams, $3,000 payments and Bluetooth cheating scheme lead to federal charges A Massachusetts man who repeatedly failed commercial driving exams now faces federal charges involving a Bluetooth cheating scheme . Investigators accuse Rudy Romero Nolasco, 42, of receiving answers through a concealed earpiece during his commercial learner's permit examination. Phone records connected his testing activity to Frank Castro, who later received a federal conviction. Prosecutors ann
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