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FEBRUARY 23, 2026

Shyam Jagannathan, Director General of Shipping, to grace CTL-BHP 2026 ICD Irungattukottai wins Best Performance Award from Chennai Customs Zone US Court ruling frees 55 pc of India's exports from reciprocal tariffs India eases curbs on Chinese power, coal equipment imports Auto, marine exports to EU surge 25 pc ahead of FTA rollout J. P. Irene Cynthia assumes additional charge as Chairperson of Kamarajar Port Limited VOC Port achieves highest-ever single-day cargo handling Chennai Port-Hamburg Port talks focus on sustainability, AI and future infrastructure Syama Prasad Mookerjee Port Kolkata kicks off Rs 117 crore modernisation plan of the iconic Bascule Bridge, paving the way for enhanced infrastructure and smoother port operations Know more about GST India, Canada set to seal CEPA negotiation framework CMA CGM Emergency Operational Recovery from Indian Subcontinent, Middle East & Red Sea to Morocco Seven additional interventions launched under Export Promotion Mission to address key challenges faced by Indian exporters Ocean Alliance Day 10: China+1 strategy? Baltic Exchange Market Report (20 February 2026) NHAI considering discontinuing cash transactions at National Highway fee plazas from April 1 US faces potential multi-billion dollar refunds after SC strikes down tariffs

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FEBRUARY 20, 2026

HHLA increases revenue Maersk appoints new Regional Managing Director for IMEA Pontoon connection between Antwerp and Willebroek RailPros appoints Eric Sifferlen India also sends Valentine's greetings BB Energy restructures subsidiary Register for the IATA World Cargo Symposium 2026 Delegation trip strengthens Hamburg's relations TAP Air Cargo Introduces New Shipment Tracking Post invests in branch modernization Modernization of the distribution center at Zeeman BIFA establishes working group on AI East Midlands: Larger Freighters Magma Aviation launches its own CMS Bruce Express expands fleet Rigterink strengthens electrification strategy REWE automates logistics center

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FEBRUARY 20, 2026

Supreme Court strikes down Trump tariffs, triggering refund scramble Supreme Court's landmark ruling - key takeaways Almost 40 transpacific sailings set to be blanked in next fortnight US-Indonesia trade deal good news for shippers Analysis: Mærsk lines up Bremerhaven as its new German jewel India's cabotage u-turn will hit transhipment and supply chains Regional UK airports ride ecommerce surge as London growth stalls UPS in the dock - squeezing workers, rewarding shareholders Loadstar Leader: all change - and plus ca change at TPM26 Fesco eyes expansion with service from Cambodia to Russia

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FEBRUARY 20, 2026

Worldwide Ferry Safety Association announces Niger ferry design winners On February 20, the Worldwide Ferry Safety Association (WFSA) announced the awardees of the international maritime student design competition for a safe affordable ferry, this time for a ferry for the Niger What will happen to IMO's NZF carbon tax proposal the next time around? Following last year's failure of IMO's MEPC to adopt the "Net Zero Framework for Shipping" (NZF) carbon tax proposal, the issue comes up for consideration again in November. A new insight brief Fuel quality issues continue to pose problems The latest report in the Lloyd's Register FOBAS Fuel Insight series on fuel quality trends highlights some worrisome trends in the second half of 2025. The bi-annual Fuel Insight series leverages the VIDEO: Konecranes new small mobile harbor crane delivers big-time performance Konecranes is extending its Generation 6 mobile harbor crane family with the introduction of the Konecranes Gottwald Mobile Harbor Crane ESP.4. The newest family member is the smallest in size - but, Colombo Dockyard to start construction of two new Orange Marine fiber optic cable vessels Sri Lanka's Colombo Dockyard reports that the shipbuilding contract entered into with French subsea cable vessel operator Orange Marine last November for the construction of two state-of-the-art Vard-designed cable laying vessels has BOEM sets date for BBG3 oil and gas lease sale The Bureau of Ocean Energy Management has announced a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease

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FEBRUARY 20, 2026

DHL expands global pharma airfreight network DHL Group is expanding its dedicated Airfreight Cold Chain Network to enhance its Life Sciences & Healthcare logistics offering. The move forms part of the company's €2 billion strategic investment in DHL Health Logistics. The expanded network will provide end-to-end visibility for temperature-sensitive medicines, vaccines, biologics, and cell and gene therapies. It targets the growing demands of PSA Antwerp launches express barge service to Willebroek PSA Antwerp, Danser Group, and Hutchison Ports Europe Intermodal have launched a new barge service connecting Antwerp and Willebroek. The service will operate under the name 'Willebroek - PSAA Express'. The weekly express service links PSA's Noordzee Terminal in Antwerp with the Willebroek inland terminal. Hutchison Ports Belgium manages the Willebroek facility. The parties aim to increase predic Cavotec reports strong cash flow despite 2025 loss Cavotec Group posted a net loss of EUR 1.4 million for 2025. The company faced continued customer caution amid market uncertainty. Operating cash flow surged 103% to EUR 12.6 million for the full year. The improvement came from lower working capital requirements. Net debt decreased to EUR 8.8 million from EUR 15.3 million at year-end 2024. Revenue declined 8.7% to EUR 159.7 million. Order intake NWSA container volume falls 13.9% in January The Northwest Seaport Alliance reported container volume of 228,166 TEUs in January 2026. The figure dropped 13.9% compared to January 2025. The decline followed last year's cargo frontloading ahead of expected tariffs. Full imports decreased 16%. Full exports remained flat year-over-year but increased 10.2% compared to January 2022. Equipment and capacity shortages had constrained exports in 202 Explainer: The deal that could redraw Red Sea shipping When DP World and APM Terminals announced a joint stake in Jeddah's Southern Container Terminal, the maritime world took notice and for good reason Emirates Shipping Line appoints Sushil Sriram as CEO Emirates Shipping Line (ESL) has named Sushil Sriram as its new Chief Executive Officer. He succeeds Till Ole Barrelet, who steps down after four years in the role. During his tenure, Barrelet strengthened the company's strategic direction and expanded its global presence, laying the groundwork for continued growth. Sriram brings more than 20 years of international leadership experience across st CMA CGM ship order tests India's shipbuilding capabilities India's audacious plan to crash the global shipbuilding elite just received its most critical validation yet and with it, a high-stakes performance test that could make or break the country's maritime ambitions for a generation Wärtsilä wins LNG bunkering vessel systems order Wärtsilä Gas Solutions will supply Cargo Handling and Fuel Gas Supply systems for two new LNG bunkering vessels under construction in China. The 20,000 m³ vessels are being built at Zhejiang XinLe Shipbuilding for a Hong Kong-based owner. Wärtsilä booked the order in the fourth quarter of 2025. The contract reinforces the company's position in small-scale LNG applications. LNG continues to gain g Port of Algeciras completes a decade of consistent throughput The Port of Algeciras has completed a decade of consistent 100-plus million tonnes of annual throughput in 2025, a statistic that coincides neatly with both the 50th anniversary of the beginning of containerized cargo and with Maersk's 40th anniversary of operations at the Spanish port. As confirmed by Mr. Gerardo Landaluce, Port of Algeciras Chairman, apart from the 100.7 million tonnes of Total WCI extends decline as spot rates weaken The Drewry World Container Index (WCI) fell 1% to $1,919 per 40ft container on Thursday, 19 February 2026. The index has now declined for six consecutive weeks, pressured by weaker rates on the Transpacific and Asia-Europe trades. On the Transpacific, spot rates from Shanghai to New York dropped 1% to $2,782 per 40ft container. Rates from Shanghai to Los Angeles held steady at $2,219. Carriers ar HHLA revenue and EBIT rise in 2025 Hamburger Hafen und Logistik AG (HHLA) increased Group revenue by 9.9% to €1.76 billion in 2025, based on preliminary unaudited figures. EBIT rose 19.5% to €161 million. Tax-related one-off effects weighed heavily on earnings. Group profit after tax and minority interests fell to €10 million, down from €33 million a year earlier. Of this, €1 million came from the Port Logistics subgroup. Due to t How Iran's Hormuz exercise revealed container shipping's geopolitical fragility A few hours of restricted navigation during Iranian military drills this week demonstrated how quickly political theater converts into market volatility, war-risk premiums, and operational hedging without a single vessel being physically blocked Explainer: How Egypt tries to close the arc The opening of Egypt's Damietta Alliance Container Terminal completes a southern infrastructure corridor stretching from Morocco's Atlantic approaches to the Nile Delta and leaves European and Levantine ports with rapidly narrowing competitive options SOHAR Port and Freezone unveils digital platform SOHAR Port and Freezone launched Makan, a new digital platform designed to transform how spatial data is used to support industrial planning, investment, and infrastructure development, as Oman accelerates its push towards a more diversified and digitally enabled economy. Developed entirely in-house, the platform brings together geographic, operational, and infrastructure data into a single inter MSC announces new freight rates from India and Pakistan to Europe MSC has released updated freight rates for shipments moving from India and Pakistan to Europe. These rates apply from March 1, 2026, through March 31, 2026. The new pricing affects major ports including Nhava Sheva, Ennore, Kolkata, and Port Qasim. The carrier has set specific rates for the ports of Antwerp and Valencia. For Antwerp, rates from Nhava Sheva and Port Qasim start at USD 1,850 for al

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FEBRUARY 20, 2026

DHT locks in second VLCC at premium rate New York-listed tanker owner DHT Holdings has secured its second high-paying time charter this week, fixing one of its 2012-built VLCCs at $94,000 per day for one year. The contract, concluded with an unnamed global energy company, is for the 314,200 dwt HD Hyundai Samho-built DHT Taiga and due to start in March this year. ... AKOFS Offshore nets new vessel deal with Petrobras Subsea well construction and intervention services provider AKOFS Offshore has signed a firm contract for the 2010-built vessel Aker Wayfarer. AKOFS Offshore, majority owned by Norwegian oil-services investment company Akastor, said the vessel will continue to operate as a subsea equipment support vessel (SESV) for Brazilian state-owned giant Petrobras. The contract has a duration of ... DOF buys two Aurora Offshore anchor handlers in $100m fleet upgrade Norwegian offshore vessel owner DOF has entered into an agreement to purchase the Aurora Saltfjord and Aurora Sandefjord anchor handlers from Aurora Offshore. The vessels are 2011-built anchor handling tug supply (AHTS) vessels with a bollard pull of almost 400 metric tonnes, making them among the most powerful AHTS vessels globally. As part of upgrading ... What the Spanish Armada still teaches us about leadership Robert Oliver is a historical novelist whose work examines how risk, power, and decision-making collide under pressure. This month he has published Armada: The Fire, which chronicles the decades leading to the attempted Spanish Armada invasion of England in 1588. Writing for Splash, he argues that there are many lessons commercial shipping can learn from this ... Leadership change at Emirates Shipping Line Dubai-based Emirates Shipping Line has appointed Sushil Sriram as chief executive officer, replacing Till Ole Barrelet, who is stepping down after four years in the role. Sriram joined ESL in January 2024 as chief trade officer and has since worked alongside the senior team on network development and commercial strategy. He brings around 20 years ... Transocean bags more work for three semisubs Swiss-based offshore drilling giant Transocean has secured additional work for three of its harsh-environment semisubmersibles. Transocean said in its fleet status report that the Transocean Enabler was awarded three fixtures by Equinor for a total of seven wells in Norway, at a dayrate of $455,000. The Norwegian energy giant has recently exercised two one-well options ... Splash Wrap: ZIM sale tops the agenda A planned $4.2bn sale of ZIM to Germany's Hapag-Lloyd sparked protests and a strike in Israel this week. Under the structure outlined, Hapag-Lloyd will acquire ZIM and then carve out its Israeli operations into a separate entity to be controlled by FIMI. The new company, to be known as "New ZIM", will operate 16 vessels ... IMO counts 529 vessels flying false flags The International Maritime Organization (IMO) secretariat has counted 529 vessels flying false flags, a sprawling fraud problem that will headline the agenda at next month's legal sub-committee meeting and exposes systemic weaknesses in global ship registration. In a note circulated ahead of LEG 113, the secretariat said the tally of falsely flagged ships has risen ... New Zealand unleashes its largest sanctions package aimed at Russian-linked shipping New Zealand on Friday unveiled its largest sanctions package to date, targeting Russia-linked shipping, expanding measures to include 23 individuals, 13 entities and 100 vessels, and lowering the oil price cap for Russian-origin crude to $44.10 per barrel. The announcement comes as the European Union negotiates a 20th sanctions package against Russia. Europe plans to ... Denmark detains sanctioned boxship Denmark's maritime authority on Thursday detained an Iran-flagged container vessel anchored in Danish waters after determining it was not properly registered. LSEG data identify the ship as Nora, which was initially sailing under a Comoros flag. The Danish authority said Comoros had informed it the vessel was not found in the Comoros registry. The Danish ...

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FEBRUARY 20, 2026

Demand for shadow fleet scrapping is growing but regulators are not moving Indian breaking yards in Alang are discreetly avoiding US sanctions and servicing a growing demand for shadow fleet removals via... Costamare Bulkers trims loss as it restructures operating platform Majority of company's trading book including chartered-in vessels, cargo commitments and derivatives has been transferred to Cargill under strategic co-operation Regulation isn't the only thing holding up bio-LNG The LNG ships on order today will need to replace fossil gas with greener options in future. But can they? European nations start to split on stateless vessel boardings Stateless vessels have become a popular target for Europe's bid to disrupt the shadow fleet, but there are signs that... Skuld emerges as 'big winner' in 2026 P&I renewal International Group results bolstered by 'comfort blanket' investment returns and markedly fewer pool claims EuroDry sees 'fine balance' in dry bulk for next two years But uncertainties are 'significant' and could shift the market, according to Greece-based owner Sinokor's tonnage grab to redefine tanker market dynamics as sellers hand over VLCCs When chartered tonnage is included, Sinokor's broader exposure is expected to approach 150 ships, or nearly 20% of the compliant... Cruiseship fire in Singapore Strait claims life of crew member Ferry World Legacy was launched in 2025 as a floating entertainment centre operating between Singapore and Malaysia The Daily View: Poker face Daily Briefing Flag states rush to flush out fake registries in build up to IMO meeting | Tanker execs parse Iran, Venezuela...

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FEBRUARY 20, 2026

Trump administration seeks to undo court rulings favoring offshore wind projects In the wake of several successful appeals that crimped Donald Trump's executive order banning new projects, wind developers are racing against the clock to complete work as quickly as possible. Hapag-Lloyd set to grow its intra-Asia network through Zim's Gold Star Line Gold Star has a network of 20 China-centric liner services operated by 40 owned and chartered ships totaling 100,000 TEUs serving Asia, India and South Africa. Trans-Pacific carriers, importers slow-walking service contract negotiations Retailers are holding back on signing their 2026-27 service contracts because they anticipate spot rates may sink further in the next few weeks, while carriers hold out hope market fundamentals will emerge to reverse the softening trend. US Supreme Court rules against Trump in critical IEEPA tariff case The 6-3 decision by the nation's highest court to declare as illegal the global tariffs implemented by the US since last April's so-called "Liberation Day" is likely to throw the Trump administration's tariff policy into disarray. Ocean carrier on-time arrivals tumbled in January: Xeneta While Gemini Cooperation continues to top the industry's schedule reliability, even its resilient network was not immune to deteriorating operational factors last month, notably severe weather in the North Atlantic. US Supreme Court rules against Trump in critical IEPPA tariff case The 6-3 decision by the nation's highest court to declare as illegal the global tariffs implemented by the US since last April's so-called "Liberation Day" is likely to throw the Trump administration's tariff policy into disarray. CargoSprint acquires key appointment scheduling tool for LA-LB dray carriers Dray Dog is predominantly used by large drayage carriers serving the Southern California ports and handles a significant portion of appointments made at the 11 Los Angeles and Long Beach marine terminals.

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FEBRUARY 20, 2026

'Disappointed' Trump pledges 10% global tariff after Supreme Court rebuke US president says he will continue his tariff-driven trade policies through different routes Dry bulk executive heads to Brazil to aid port agency push New hire has worked in dry bulk for over 30 years Genco Shipping tames merger talk on first earnings call since Diana pitch John Wobensmith directs analysts to confine questions to Genco's results and operations Wavelength podcast: Zim and the golden share Plus: Trump's Maritime Action Plan, making LNG unsustainable and why scrubbers are news again US Supreme Court strikes down Trump's global 'Liberation Day' tariffs Majority of Trump-appointed justices oppose president's use of tariff powers Rate rocket or costly bluff? US-Iran tension threatens to throw extra fuel on tanker market fire Oil prices are not reflecting conflict fears as Sinokor-driven rally continues Tim Jones calls time on career as Neu Shipping ushers in new era Leadership bench reset as dry cargo veteran bids farewell Europe's gold standard green investment taxonomy faces credibility test in court battle Campaigners get day in court after two-year push NorthStandard tonnage growth flat as insurer stems underwriting losses Second largest P&I club reports rising free reserves and premiums as annual policies renewed Stronger bulker market spurs EuroDry switch to period contracts Bulker owner reported a smaller loss for 2025 on the back of lower expenses Lightship Chartering launches sale and purchase department in expansion drive Brokerage targets at least 30 brokers within three years Pantheon Tankers joins growing list of VLCC sellers in new 'Sinokor era' Reported sale of 17-year-old vessel follows news of Pantheon placing multiple newbuilding orders in China Teekay Tankers downgraded after vessel sales in 'red-hot' market DNB Carnegie cuts rating to 'hold' while Clarksons retains 'buy' after stock rally Costamare Bulkers cashes in brace and buys Japanese ultramax US-listed owner says capesize and supramax have been offloaded for combined gain of $8m Maritime insurers to score $4bn in premiums as tough renewals stance pays off New policy year for third-party liability cover starts at noon on Friday Angelicoussis VLCC bags $166,000 per day as spot market gallops into year of the horse Baltic Exchange assesses rates from Middle East Gulf to Asia 29% higher in a week Maersk veteran takes top job at Emirates Shipping Line Sushil Sriram steps up to CEO role just two years after joining from the Danish giant 'A clear no': Okeanis chief not interested in fixing VLCCs at record time-charter rates Aristidis Alafouzos wants to generate earnings from spot tanker operations Rewriting the rules: Winning hearts and minds for a nuclear future National policies key to developing bilateral 'pink corridors' for nuclear-powered shipping New LNG project go-aheads in 2025 will create demand for 150 vessels, GTT says New chief executive Francois Michel explains how a record number of final investment decisions is good news for shipowners Kjell Inge Rokke-backed owner clinches $330m from Petrobras for offshore ship AKOFS Offshore secures four-year deal in Brazil Records tumble in 'red hot' VLCC time-charter market Brokers believe staggering rates have never been seen before Trafigura claims fresh first in mining sector with shipment of copper anodes Trader says container ship is taking initial cargo to Europe US-sanctioned ship detained by Denmark shifts to Iranian flag Danish authorities say no major safety issues revealed in port state control inspection of detained container ship Nora Diana Shipping could snare Genco if it raises its offer, Clarksons says Greek owner will have to go a little above net asset value to pull off bulker consolidation, according to analysts Shipping investor J Lauritzen buys stake in private-equity backed maritime supply group G&O Maritime Group has annual revenue of over $170m DHT confirms huge rate for VLCC time charter in historically high market New York-listed owner has secured second lucrative time charter this week John Frederiksen-backed DOF buys two powerful anchor handlers in $100m deal Owner sells one smaller AHTS vessel with $12m gain Deadly fire hits cruise ship off Singapore One crew member is reported dead after a blaze broke out on the World Legacy Passengers evacuated from cruise ship after deadly fire off Singapore One crew member reported dead after blaze broke out on the World Legacy Leeway sets up handy bulker desk with broker hired from Howe Robinson Hiring move sees broking shop start specialising in market segmentation Passengers being evacuated after deadly cruise ship fire off Singapore One crew member reported dead after blaze breaks out on the World Legacy. Former Austal USA executives seek secret grand jury instructions in fight against fraud charges Lawyers for defendants argue there was a strong likelihood that the grand jury was misinformed Deadly cruise ship fire off Singapore is latest setback for start-up venture One crew member reported dead after blaze breaks out on the World Legacy. Turkish company ends brief shipowning foray with bulker recycling sale Turkish owner, along with Indonesia's ISA Lines, have both sold handysize tonnage to South Asian ship recyclers ASB ends brief shipowning foray with bulker recycling sale Turkish owner, along with Indonesia's ISA Lines, have both sold handysize tonnage to South Asian ship recyclers Berge Bulk sale reflects price spike for quality ultramaxes Ultramax rates have trended up sharply since 2026 began, but S&P estimates lag behind amid a dearth of deals

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FEBRUARY 20, 2026

Trump slaps 10% global tariff after Supreme Court blocks emergency trade powers President Donald Trump announced Friday he will impose a new 10% global tariff under a different trade statute, hours after the Supreme Court struck down many of his prior tariffs as unconstitutional. The high court ruled 6-3 that Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) by imposing broad "reciprocal" and country-specific tariffs tied to trade def CPKC CEO 'not drinking the merger Kool-Aid' The Surface Transportation Board's rejection of the initial Union Pacific-Norfolk Southern merger application shows the $85 billion transaction is not a done deal. "I'm not drinking the merger Kool-Aid that this thing's going to get approved. It may or it may not," Canadian Pacific Kansas City Chief Executive Keith Creel told an investor conference on Wednesday. "I believe, especially in light of Court says small trucking company must negotiate with union defeated in a vote A Virginia trucking company whose dispute before the National Labor Relations Board has been watched closely by labor law experts will be required to negotiate a contract with a union even though the rank and file did not vote for representation. The complicated tangle of events took place at Garten Trucking, a southwest Virginia carrier whose SAFER profile with FMCSA says has 17 power units. A d Why ships could be Trump's not-so-secret tariff weapon Proposed fees on containerized imports could give President Donald Trump a new lever to raise revenue after the Supreme Court limited his power to implement emergency tariffs. The Maritime Action Plan released by the White House Feb. 13 includes "universal fees" ranging from 1 cent to 25 cents per kilogram on cargo arriving at U.S. ports aboard foreign-built ships. The plans estimates the fees co Supreme Court curbs Trump's tariff powers, reshaping 2026 trade outlook The Supreme Court delivered a major blow to President Donald Trump's trade strategy Friday, ruling that he exceeded his authority by imposing sweeping tariffs under a national emergency statute. In a 6-3 ruling, the justices held that Trump could not rely on the 1977 International Emergency Economic Powers Act (IEEPA) to levy broad "reciprocal" tariffs and country-specific duties tied to fentanyl Averitt announces expansion plans to terminal network Less-than-truckload carrier Averitt announced plans to add warehouse space and dock doors to its network over the next two years. The Cookeville, Tennessee-based carrier said it will add nearly 900,000 square feet of warehouse space and 379 dock doors by 2027. It also plans to grow truck parking by nearly 2,000 spaces over that time. "Our facility investments reflect a disciplined, long-term appr Hapag-Lloyd, WiseTech Global in container visibility initiative Supply chain technology specialist WiseTech Global announced a new partnership with liner operator Hapag-Lloyd for a wide-ranging trial in real-time container visibility. WiseTech (AX: WTC ) will equip the German carrier's fleet of more than 2 million boxes with Internet of Things (IoT) smart devices that frequently transmit location updates directly to WiseTech's ecosystem of platforms for the l FedEx 'highly confident' grounded MD-11s will return to service FedEx Corp. is not giving up on the MD-11 despite a protracted grounding of the aging aircraft following a fatal crash in early November that led rival UPS to pull the plug on its MD-11 fleet. The integrated parcel and freight carrier has consistently projected a rosy outlook for its fleet of 28 MD-11 widebody freighters since the fiery crash of UPS Flight 2976 in Louisville, Kentucky, after the GXO sees demand tailwinds across North America as automation drive intensifies GXO Logistics is positioning North America as its central growth engine in 2026, betting that reshoring, tariff-driven supply chain redesign and accelerating automation will fuel margin expansion and free cash flow gains. The Greenwich, Connecticut-based contract logistics provider reported fourth-quarter 2025 adjusted earnings of approximately 87 cents per share on $3.5 billion in revenue last w