AD Ports Group launches Iraq-UAE logistics service via Khalifa Port AD Ports Group has launched an integrated logistics service linking Khalifa Port in the UAE with Umm Qasr Port in Iraq, expanding regional trade connectivity across the Middle East. The new service includes a weekly direct shipping connection for container and Ro-Ro cargo between the two ports. It is designed to support growing cargo volumes while improving trade flows between Lebanon, Syria, Jor
ANL announces rate increase for Dili and Darwin cargo ANL has announced a General Rate Increase (GRI) for shipments from North East Asia, South East Asia, the Indian Subcontinent, the Middle East and the Gulf to Dili, Timor-Leste, and Darwin, Australia. The revised rates will take effect from July 15, 2026, and apply to all dry and refrigerated cargo. Under the new tariff structure, the carrier will increase rates by USD 150 per 20-foot standard and
Gebrüder Weiss transports Doppelmayr cable car to Malaysia Gebrüder Weiss has completed the transport of a new Doppelmayr cable car system to Penang Hill in Malaysia. The logistics provider moved more than 60 containers from Doppelmayr's production site in Wolfurt, Austria, to Penang using road, rail and sea transport. The cargo first travelled by truck to a nearby freight terminal before moving by rail to Hamburg. From there, it continued by sea to Mala
Swire Shipping revises charges for South Korea and Kiribati Swire Shipping has announced revisions to selected service charges affecting cargo moving through South Korea and Kiribati, with the new fees taking effect from July 1, 2026. For non-containerized cargo arriving at or departing from all South Korean ports, the carrier will revise its Port Service Charge (OPS/DPS) to KRW 7 per revenue ton (RVT). The updated charge applies to all South Korean ports
Bureau Veritas joins world's largest LNG carrier construction programme Bureau Veritas (BV) has marked the start of construction of the world's first 271,000-cbm LNG carrier at Hudong-Zhonghua Shipbuilding in China. The vessel is the largest LNG carrier ever built. It also marks China's first project to construct an LNG carrier of this size. BV will class six vessels in the series. The 344-metre vessel features the latest NO96 Super+ membrane containment system. It o
Eitzen orders two fully electric containerships Eitzen Group has ordered two fully electric 900 TEU containerships from Zhejiang Dongpeng to support the development of a green shipping corridor in Northern Europe. The vessels will be operated by Eitzen's subsidiary, Zen , on a planned route linking Hamburg, Gothenburg and Oslo. Each containership will be equipped with battery packs exceeding 100 MWh , providing an estimated operating range of
Three ways the Versailles Deal could play out at sea Trump signed the interim deal at Versailles. The strait's reopening status remains unconfirmed, and mine clearance is still pending
Top 10 global container ports: May 2026 operational estimates EconDB Asia continues to dominate global container shipping, according to the latest operational estimates published by EconDB for May 2026. The data highlights the continued strength of the region's major export gateways while underlining the strategic importance of transshipment hubs in maintaining global trade flows. The following analysis examines the first ten ports displayed in EconDB's May 2026 o
Explainer: Could Thailand bet on a detour around Malacca? Revived after the Hormuz Strait crisis, the Land Bridge corridor targets feeder cargo, not Malacca's mainline traffic but financing, opposition and Chinese leverage stand between ambition and operation. Thailand revives US$30bn land bridge project as alternative to Malacca Strait
Daphne Technology's PureMetrics receives Lloyd's Register validation Daphne Technology's PureMetrics continuous emissions monitoring system (CEMS) has received a Factual Statement from Lloyd's Register (LR). The assessment confirms the system is suitable for continuous monitoring of selected greenhouse gas emissions from marine diesel engines. LR reviewed the system's design, emissions calculation methodology and onboard demonstration tests. Unlike a vessel-specif
Descartes: U.S. imports from Hormuz-affected ports plunge 93% in May U.S. maritime imports departing from ports affected by the Strait of Hormuz disruption fell 93.2% year-on-year in May, according to a new report from Descartes. The sharp decline marks the clearest indication yet of the impact of the waterway's closure on U.S. trade flows. Descartes said imports from Hormuz-affected ports dropped from 1.5 million metric tonnes in May 2025 to just 100,591 metric t
Barstow approves BNSF's US$4 billion inland rail hub The Barstow City Council has approved BNSF Railway's Barstow International Gateway (BIG), clearing the way for one of California's largest freight infrastructure projects. BNSF plans to invest US$4 billion in the 4,500-acre integrated rail facility. The project will combine a rail yard, intermodal terminal and transload warehouses in Barstow, California. Containers arriving at the Ports of Los An
FIMI's Davidi says Zim deal will create debt-free Israeli shipping company According to Calcalist , FIMI founder and CEO Ishay Davidi said the planned acquisition of Zim will create a debt-free shipping company under Israeli control, while the transaction now awaits final government approval. Speaking at the Calcalist Financial Future Conference, Davidi said the transaction has already received approval from the companies' boards, shareholders and the relevant business
Grimaldi's Grande Torino exits Persian Gulf Grimaldi Group has confirmed that its Pure Car & Truck Carrier (PCTC) Grande Torino has safely transited the Strait of Hormuz after spending more than 100 days stranded in the Persian Gulf due to regional tensions. The Italian-flagged vessel departed the Gulf after receiving authorization from the Iranian Ministry of Foreign Affairs and is now sailing across the Indian Ocean toward China, where i
Port of New York and New Jersey cargo volumes ease in April Container volumes at the Port of New York and New Jersey returned to more typical levels in April after the port ranked as the busiest U.S. container gateway in March. The port handled 688,163 TEUs (377,105 containers) in April, down 8.4% from 751,194 TEUs in the same month last year. Year-to-date throughput reached 2.87 million TEUs , a 3% decline compared with the first four months of 2025. Imp
SANY ships equipment for first Latin American wind project SANY Renewable Energy has shipped the core equipment for its first wind power project in Latin America. The equipment will support the 18 MW Purranque wind project in Chile. SANY is providing the project's equipment supply, transportation and installation services. The shipment departed from the Port of Tianjin. SANY said it coordinated multimodal transport and local customs clearance to ensure t
WEC Lines launches crossdocking service in Hamburg WEC Lines has introduced a new crossdocking solution at the C. Steinweg (Süd-West) Terminal in Hamburg, expanding cargo connectivity between Germany, the Netherlands, Portugal, Spain and the Canary Islands. The new facility is directly linked to WEC Lines' North West Continent-Canary Islands (NWC CAI) service, providing an integrated transport solution for cargo moving between Hamburg and key Eur
Sea-Intelligence: Transpacific: Ripe for new non-alliance services In issue 769 of the Sea-Intelligence Sunday Spotlight , Sea-Intelligence analysed the relationship between container spot rates and the share of Asia-North America West Coast (NAWC) container vessel capacity operated by non-alliance container carriers. It is a widely held industry perception that high Asia-NAWC spot rates often result in an influx of smaller niche carriers, while low spot rates l
Broekman Logistics expands heavy-lift capacity with Liebherr LHM 800 Broekman Logistics has strengthened its heavy-lift operations at the Port of Rotterdam with the addition of a Liebherr LHM 800 mobile harbour crane. Nicknamed "Titan 1," the crane offers a lifting capacity of up to 308 tonnes. It is designed for heavy-lift, breakbulk and project cargo operations. Liebherr also equipped it with custom support pads to match the quay's ground conditions. The investm
AD Ports Group secures UN recognition for Al Faya Dry Port AD Ports Group has secured a United Nations Code for Trade and Transport Locations (UN/LOCODE) for Al Faya Dry Port, strengthening its integration into the global trade and logistics network. The facility has been assigned the code AEALF by the United Nations Economic Commission for Europe (UNECE), giving it international recognition as an inland logistics hub. The designation supports more effic
Cavotec appoints Christoffer Robertsson as CFO Cavotec has appointed Christoffer Robertsson as Chief Financial Officer, effective 17 August 2026. He succeeds Joakim Wahlquist, who is leaving the company for another role. Wahlquist will remain with Cavotec until 10 September to ensure a smooth handover. Robertsson joins from NOVO Energy, where he served as CFO after helping build the company's finance function. NOVO Energy was originally estab
Fincantieri, Republikorp partner on naval shipbuilding in Indonesia Fincantieri and Indonesia's defense holding company Republikorp have signed a Memorandum of Understanding (MoU) to establish a strategic partnership for naval shipbuilding in Indonesia. The agreement, signed at the Eurosatory defense exhibition in Paris, includes plans to create a joint venture through Republikorp's subsidiary PT Republik Palindo Internasional (RPAL). The partnership aims to stre
Erasmus firms up all eight kamsarmax newbuilds at New Hantong Athens-based Erasmus Shipinvest Group has firmed up four additional kamsarmax bulk carriers at China's Jiangsu New Hantong Ship Heavy Industry, taking its newbuilding programme at the yard to eight vessels. The move confirms all options attached to the original order placed earlier this year and lifts the value of the programme to nearly $300m. The ...
Splash Wrap: 'Ships of the world, start your engines' Vessel tracking services recorded 17 transits through the Strait of Hormuz on Thursday, with two more logged in the early hours of Friday, tentative signs of life in a waterway that has been effectively shut for nearly four months. But the diplomatic architecture underpinning the US-Iran memorandum of understanding is already showing fractures, and industry ...
Amazon becomes key customer for Germany's biggest Baltic Sea wind farm Amazon and Skyborn Renewables have signed a 600MW power purchase agreement (PPA) for carbon-free electricity from the Gennaker offshore wind farm in the German Baltic Sea. The Gennaker PPA is Amazon's largest single carbon-free energy agreement in Germany. Combined with existing projects, Amazon's carbon-free energy portfolio in Germany now includes 12 projects with a total ...
Germany rejects TotalEnergies request to surrender offshore wind site Germany has declined a request from TotalEnergies to return one of its North Sea offshore wind sites to the state, with the country's economy minister insisting that concession awards are binding commitments. The decision comes days after TotalEnergies said it had failed to reach an agreement with German authorities over the future of its NordseeEnergies ...
Shipping rejects a one-vendor future The maritime industry is awash with digital solutions, from AI copilots and cybersecurity tools to voyage optimisation and emissions management platforms. But is shipping ready to consolidate around a single technology partner? According to top names in the industry surveyed by SplashTech, the answer is a clear no. While a single platform promises simplicity and ...
North Sea operator extends Odfjell Technology drilling services deal An unnamed North Sea operator has exercised its remaining two-year option to extend a contract with Odfjell Technology, a spin-off of Odfjell Drilling that specialises in offshore operations. The contract is for the provision of comprehensive drilling services on a North Sea platform. The scope of services includes managing operations, maintenance, and repairs for both ...
BP taps DeepOcean for Foinaven subsea removal campaign Norwegian ocean services player DeepOcean has entered into an agreement to support BP in the decommissioning and recycling of subsea equipment at the supermajor's Foinaven field. Under the contract, DeepOcean will remove ten flexible process risers and three dynamic subsea umbilicals from the former Foinaven FPSO location. In addition, DeepOcean will recover a static umbilical. ...
Shipowners seek one recycling rulebook for shipping European and international shipowners have called for greater alignment between European and global ship recycling rules, arguing that the entry into force of the Hong Kong Convention (HKC) has transformed standards worldwide and should become the foundation for a single international framework. European Shipowners (ECSA) and the International Chamber of Shipping (ICS) have jointly published ...
Can shipyards mass-produce nuclear power plants? Maritime nuclear specialist CORE POWER has launched a feasibility study with US nuclear technology company BWX Technologies (BWXT) to examine the potential deployment of floating nuclear power plants built in shipyards and deployed to coastal locations. The study will assess the technical, regulatory and commercial pathways for integrating BWXT's mPower small modular reactor (SMR) technology ...
Dali chief engineer admits criminal conduct in Key Bridge case The chief engineer of the containership Dali has admitted conduct constituting a criminal violation of US maritime safety laws in connection with the vessel's allision with Baltimore's Francis Scott Key Bridge last year. Karthikeyan Deenadayalan, an Indian national who served as chief engineer aboard the Dali, entered into a deferred prosecution agreement with US authorities ...
Hormuz reopening clouded by diplomatic cracks and mine risks AXSMarine recorded 25 transits through the Strait of Hormuz on Thursday, with three more logged by MarineTraffic in the early hours of Friday, tentative signs of life in a waterway that has been effectively shut for nearly four months. Thursday's tally was the highest single-day count since April 18 and more than five times the ...
CMA CGM launches latest startup competition with €50,000 prizes on offer French shipping and logistics giant CMA CGM has launched the third edition of its international startup awards programme, seeking innovative companies working across shipping, logistics, media and social impact sectors. The competition, unveiled at technology event VivaTech, will culminate at the Artificial Intelligence Marseille (AIM) summit on September 25, where six winners will be selected ...
Hormuz crisis complicates shipping deals as 'wait and see' mode prevails There are times in shipping to focus on raking in profits, and there are times to focus on transformative transactions...
Genco hails proxy victory but carefully looking at latest Diana offer Diana's Semiramis Paliou vows that support for Genco board in key voting will not derail its merger campaign
Chubb launches $400m Hormuz war risk consortium at Lloyd's Moves potentially add $1.4bn to market already grappling with overcapacity
Governments would have to foot the bill for nuclear shipping Governments will be on the hook for the potentially unlimited liability created by a nuclear incident at sea, Core Power's...
Safe Bulkers eyes dry bulk boost from Iran war fallout Polys Hajioannou says that bulkers will benefit from greater coal demand for 'a couple of years' as well as prospect...
Iran imposes mandatory insurance on ships transiting Strait of Hormuz, with fees likely to follow Iran has asserted its control over the Strait of Hormuz, insisting that vessels comply with new terms and conditions to...
The dry bulk guide to El Nino Weather experts have declared that the El Nino weather pattern has begun, but what does it mean for commodity trading...
Shadow fleet tanker tonnage to fall if sanctions are lifted on Iranian crude Valuations for older VLCCs will likely fall when sanctions on Iranian crude are lifted, as ageing shadow fleet tankers quickly...
Middle East port update: Friday, June 19 In Iraq, Basrah Oil Terminal and SPM Somo Terminal have ceased export operations
Intensive diplomatic efforts secured departure of Grimaldi vehicle carrier from Middle East Gulf Vehicle carrier Grande Torino had been trapped in the Middle East Gulf, with 21 Italian and Filipino seafarers remaining on...
LI>The Daily View: Hormuz open, but little is certain
Daily Briefing Major shipowners begin exiting vessels from MEG after US-Iran accord eases Hormuz restrictions | Iran and US to begin immediate...
UK faces surge in cheap imports as EU eliminates duty-free access The UK could become a dumping ground for low-value imports come July, prompting industry leaders to urge the government to accelerate the removal of its de minimis tax reforms.
CMA CGM, ONE in India-USEC VSA talks amid standalone operational woes: sources Sources believe a potential vessel-sharing deal between the two could pave the way for a more balanced and resilient supply-demand environment for all participating carriers in India-North America trades.
Wavelength podcast: Peace at last? Shipping cautiously resumes as Hormuz re-opens Plus: why Russia is pushing to grow its shadow fleet of LNG carriers once again
Chief engineer 'waiting for parts' before deadly bridge strike Prosecution agreement says Indian national knew vessel was unsafe because of modifications to fuel supply system
Iran moves to tighten control over Strait of Hormuz New Iranian authority clears way for fees and mandatory insurance payments after the first 60 days of interim peace deal
Core Power to study floating nuclear power plants using SMR technology Maritime industry seen as catalyst to change how nuclear energy is delivered
Unions end Ichthys strike after LNG carrier loadings disrupted Australian pay dispute over after 3% raise for workers agreed
Iraq to ship oil from Syrian ports to avoid Strait of Hormuz Alternative export plan is another sign that Gulf nations will not be held to ransom by Iran
Ripple effect of Hormuz disruption spurs container spot rates spike Rates on transpacific route jump nearly 30% this week as shippers rush to beat deadline
Trafigura tries to stop Gupta's wife disposing of assets in $600m pursuit Trader won UK case in February over fake nickel cargoes
Mine spotted in Strait of Hormuz as ship traffic climbs Twenty-five crossings is the most since April, according to analytics firms
Greek owner Ionic adds four tankers in Japan as it sticks with unique focus Athens-based company expands its suezmax and aframax footprint in deals with longstanding shipbuilding partners
Chubb turns to London after failure of $40bn Strait of Hormuz insurance project Lloyd's of London and Chubb announce much smaller facility to get shipping moving again through key waterway
ICAP kicks off due diligence work on Ifchor Galbraiths Companies agree terms but will planned buyout go through?
'Doyen of shipbroking' Bob Garner dies at 85 Former broker never lost touch with industry in which he encouraged so many young people
Barnacle bill: Hull-cleaning costs jump for ships trapped by Strait of Hormuz closure Requests surge for divers to scrape hulls as chokepoint reopens
Cameroon raised alarm over false-flagged tankers before UK seizure Government reveals how two fraudulent websites provided shadow fleet flagging services
Andreas Sohmen-Pao reveals $20bn investment plan for BW Group Singapore owner says depreciating assets must be replaced despite high costs
Cash-rich owners in the driving seat as lenders scramble for business Adviser Eurofin sees fierce competition among banks and new investors active in M&A
Shipping giants Bahri and Cosco move tankers out of Gulf with AIS signals on Three Saudi Arabian VLCCs exit Strait of Hormuz for first time since war began
Lloyd's underwriters outline six priorities as Strait of Hormuz reopens Underwriters say these practical steps are needed to ensure ships move safely through Strait of Hormuz
'Resounding': Genco Shipping makes it official with details of lopsided win in Diana proxy fight Some 90% of non-Diana shares were voted in favour of incumbent Genco directors as two challengers rejected
London Greeks warn of overtonnaged fleet after newbuildings surge Greek Shipping Cooperation Committee also backs the scrapping of sanctioned vessels
Chinese shipowner Changhang Freight breaks into kamsarmax bulker arena The Wuhan-based shipping company has ordered two newbuildings at Jiangsu Haitong Offshore
Lloyd's underwriters outline six priorities as Strait of Hormuz reopens Underwriters say these practical steps are needed to ensure ships move safely through Strait of Hormuz
Asian refiner refuses to fix VLCCs at massive rates in the Middle East Gulf PetroChina and India Oil Corp frustrated in tenders for tonnage as owners make big demands
Bergen pushes claim as the world's shipping capital City shipowners and brokers invited the world to the west coast city for the 12th time
Saudi Arabia blasts Iran plan to reintroduce Hormuz tolls after 60 days Foreign minister says fees do not make sense
Diana boss Paliou says 'our door still open' to Genco takeover after vote blow Greek owner says failure to elect directors to US company's board will not deter pursuit
Tanker owners still reluctant to send ships through the Strait of Hormuz Vessel tracking data shows that only a small number of vessels are running the gauntlet as too much uncertainty remains
Sea World Management has lifted investments in tanker newbuilds to over $250m Greek shipping company has a total five MR tankers on order at K Shipbuilding
Pressure builds to harmonise ship recycling rules as demand grows Aligning IMO ship recycling rules closer with EU regulations would benefit industry, argue ECSA and ICS
US fully lifts Iran blockade, as Tehran promises swift Hormuz transit handling Washington and Tehran proceed quickly to implement interim peace deal's maritime clauses
Volvo and AVI-SPL launch driverless freight operations on Texas corridor AVI-SPL has begun commercial autonomous freight operations between Dallas and Houston. The technology solutions provider is running Volvo VNL Autonomous trucks powered by the Aurora Driver on the corridor. It is using the trucks to move various audio-visual electronics, including a mix of new products and end-of-life equipment from which it recovers precious metals as part of its electronic recyc
Highway looks to become the 'Plaid for Freight' as cargo theft goes direct The freight industry stands at a crossroads that looks remarkably familiar to anyone who remembers the early days of fintech. Before Plaid became the connective tissue linking bank accounts to lending decisions, borrowers shuffled paperwork and lenders operated on good faith. Now that same transformation is coming for trucking, and Highway's Chief Commercial Officer Michael Caney believes Highway
One crash, 3 trucking firms found liable in California nuclear verdict A nuclear verdict handed down by a California jury this week is not just another big payout to a plaintiff from a trucking company defendant, or in this case, multiple defendants. It also is a reminder to trucking companies that subcontract work to another firm or hire an independent owner operator that they can be found responsible for what those drivers do on the road, and steps to protect them
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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