New DNV recommended practice establishes measurement framework for OCCS As we reported earlier, developer Carbon Ridge recently reported that one of its centrifugal onboard carbon capture and storage (OCCS) systems fitted onboard the 109,999 dwt, 2015-built Scorpio Tankers vessel STI Spiga
Uptick in Strait of Hormuz transits, but for how long? After weekend reports that Iran had again closed the Strait of Hormuz, this morning brought news of an uptick in transits. That came after high-level U.S.-Iran negotiations at Switzerland's Bürgenstock Resort concluded
American Maverick christened on maiden New England Islands cruise American Cruise Lines christened American Maverick in Newport, Rhode Island last week during the ship's inaugural 9-day New England Islands cruise, sailing roundtrip from Providence, Rhode Island. The celebration took place on
Fortescue to charter up to 12 ammonia-capable CMB.TECH Newcastlemax bulkers In another indicator that ammonia-fueled vessels are becoming a reaity, Australian mining giant Fortescue and CMB.TECH have signed an agreement for the charter of up to 12 ammonia-capable dry bulk vessels Under
Zehl & Associates secures $16M Jones Act settlement for injured drillship worker Houston personal injury law firm Zehl & Associates reports that last year it secured a $16 million settlement on behalf of an injured offshore worker - a result recognized by TopVerdicts as
Korea Coast Guard selects MTU engines for two new patrol boat series Rolls-Royce says that it has been selected to supply MTU engines for two major Korea Coast Guard (KCG) patrol boat programs. The KCG has announced the selection of MTU 16V 2000 M96
OCIMF names Don Davis its new managing director OCIMF reports that Don Davis has been named its new managing director. He joins OCIMF onsecondment from Chevron and assumes his new role on July 1, 2026. He succeeds Karen Davis, who
Explainer: Berbera and the bookending of the Hormuz-Bab al-Mandab axis Three reports filed within forty-eight hours of each other a Somaliland presidential visit to Israel, talk of an Israeli base on Somaliland soil, and specific planning to forward-deploy Dolphin-class submarines at Berbera read individually as a Horn of Africa story
New Five-Year Plan calls for Shanghai's growth as shipping centre Shanghai's municipal authorities have ratified the 15th Five-Year (2026 to 2030) plan for the port city. Shanghai is now the busiest container port, and its municipal authorities opined that the next phase for the city's development as a shipping centre should include increasing synergies between sea and air freight to promote intermodal transport
MOL expands bio-LNG supply for car carriers in Europe Mitsui O.S.K. Lines (MOL) has signed new agreements to expand the supply of bio-LNG fuel for its LNG-powered car carriers operating in Northern Europe and the Mediterranean. Under the agreements, Titan will continue supplying bio-LNG in Northwest Europe, while Axpo will provide the fuel in the Mediterranean, including the Spanish ports of Malaga and Barcelona. The agreements extend MOL's bio-LNG
Neptune Pireas makes first European call at Port-La-Nouvelle terminal Neptune Lines has marked the first European port call of its newly built Neptune Pireas at NLS Port-La-Nouvelle in southern France. The vessel arrived on 8 June and discharged 4,000 new vehicles , one of the largest volumes handled by the terminal since it began operations. Neptune Pireas is the first vessel delivered under the company's Genesis Project , which focuses on fleet modernisation and
DNV verifies critical lifting system for immersed tunnel installation DNV has provided independent verification of the advanced lifting appliance used to install tunnel elements on the Fehmarn Belt project, supporting Femern Link Contractors in the construction of the world's longest immersed tunnel. The 18-kilometre road and rail tunnel connecting Denmark and Germany saw its first 217-metre tunnel element successfully immersed in May 2026, marking a significant op
ABP invests in vacuum lifting attachments at Port of King's Lynn Associated British Ports has invested £150,000 in two new vacuum lifting attachments at the Port of King's Lynn, designed to improve safety and efficiency in cargo handling operations. Supplied by B&B Attachments, the equipment is purpose-built for lifting large pipes and reduces reliance on manual handling while improving load stability during lifting operations. The new attachments were put int
NX Group invests in ElevationSpace NIPPON EXPRESS HOLDINGS (NX Group) has invested in ElevationSpace Inc. , a startup developing space-to-Earth transportation services, through the NX Global Innovation Investment Limited Partnership. ElevationSpace is building logistics solutions designed to retrieve goods researched, tested and manufactured in space. Its portfolio includes the ELS-R capsule, which combines microgravity experiment
Behind the new reality of the two Hormuzes The strait's official traffic count and its market-tracked reality no longer agree and that disagreement is now the story
Maersk expands into U.S. battery logistics A.P. Moller - Maersk has launched a dedicated lithium-ion battery transportation solution across its North American ground freight network, targeting the rapidly growing U.S. battery logistics market. The new capability extends Maersk's dangerous goods expertise beyond ocean and air freight into road transportation, providing a specialized service for the movement of Class 9 lithium-ion batteries
How Icebreaker Capacity Became Russia's New Chokepoint Currency Russia's naming of the Konstantin Posyet, its second domestically built Arc7 icebreaking LNG carrier, is more than a shipbuilding milestone
Rhenus to modernise Andijan terminal with €11 million investment Rhenus has announced an €11 million investment to modernise its logistics terminal in Andijan, Uzbekistan , strengthening the country's role as a logistics hub along the Trans-Caspian Transport Route . The announcement coincided with the state visit of German President Frank-Walter Steinmeier to Uzbekistan, highlighting growing economic cooperation between the two countries. The project will tran
ANL restores rates on Asia-Australia trade ANL has announced a rate restoration programme for shipments from Asia to Australia, effective July 15, 2026. The increase will apply to all dry and refrigerated cargo and will be added on top of existing Spot and Freight All Kinds (FAK) rates, in addition to all applicable surcharges in effect at the time of shipment. Under the revised pricing, the carrier will apply an increase of USD 500 per 2
Interview with Vlassis Papapanagis, CCO of Tototheo Global: Building Cyber Resilience in Shipping During a recent CN Talks interview with Antonia Saratsopoulou, Managing Editor of Container News, Vlassis Papapanagis, CCO of Tototheo Global, discussed how increasing vessel connectivity, digitalisation and evolving cyber threats are reshaping risk management across the maritime industry. From GPS spoofing and data integrity to cyber resilience and operational continuity, Papapanagis argued that
Nirint drops Halifax from Cuba service Nirint Shipping has removed Halifax from the northbound leg of its Europe-Cuba-Canada multipurpose service, simplifying the route, according to DynaLiners. The approximately fortnightly service, operated by vessels ranging from 12,000 to 17,000 dwt with capacities of 680-900 TEUs, will now serve the following rotation: Villagarcia, Bilbao, Rotterdam, Mariel, Moa and back to Villagarcia. The revis
Readers Speak: Uncertainty dominates expectations for the Hormuz agreement The latest Readers Speak poll asked readers: Will the Hormuz agreement last? The results reveal a cautious industry outlook. While some readers see the agreement as a positive step toward stability, most remain unconvinced that the situation has been fully resolved. Uncertainty remains the dominant view The largest share of readers selected Too early to judge . The result reflects the complexity
CLdN completes acquisition of Samskip's UK and Ireland freight business CLdN has completed the acquisition of Samskip's quay-to-quay and door-to-door freight business between mainland Europe, the UK and Ireland after receiving all required regulatory approvals. The services will officially transfer to CLdN on 29 June . The acquisition covers Samskip's container shipping network linking Rotterdam with the UK ports of Belfast, Blyth, Grangemouth, Hull and Tilbury , and
Port Saint John appoints new members to Board of Directors Port Saint John has announced the appointment of four new members to its Board of Directors, strengthening governance during a period of growth and transformation for the gateway. Chris MacDonald, Charlene Hayes, Charlie Harling and Nicole Paquet have each been appointed to three-year terms effective this spring, with appointments made through federal and provincial processes in accordance with t
Gold Star Lines launches CKV service Gold Star Line has expanded its intra-Asia network with the launch of the CKV service, providing a new connection between China, Cambodia and Thailand. The new service is operated through slot allocations on Maersk 's IA98 intra-Far East service and is served by three vessels of approximately 2,000 TEUs. The CKV rotation will connect Shenzhen (Yantian and Shekou), Laem Chabang and Sihanoukville b
DP World receives Europe's largest quay cranes at Southampton DP World has received two of Europe's largest quay cranes at Southampton, as part of a £60 million investment to expand capacity at one of the UK's busiest container ports. Each crane weighs more than 2,000 tonnes and stands nearly 150 metres high. They arrived fully assembled by sea and will be installed at the terminal next week. The delivery marks the first of two pairs of quay cranes schedule
Lloyd's Register pensioners take dispute public with London protest A group of former Lloyd's Register employees is set to stage a protest outside the classification society's London headquarters today, escalating a long-running dispute over pension benefits that campaigners claim have lost more than 30% of their real value. Members of the Lloyd's Register Pensioners Action Group will gather outside the organisation's offices at 71 ...
Pan Ocean fixes VLCC newbuilds in $1.62bn deal South Korean owner Pan Ocean has secured long-term employment for four very large crude carrier newbuildings tied to its latest tanker expansion. The Harim Group-controlled company disclosed in a stock exchange filing that it has signed a 20-year crude transport contract with SK Energy and SK Incheon Petrochem worth about $1.62bn. The deal will see ...
Don Davis to take over as head of OCIMF The Oil Companies International Marine Forum (OCIMF) has appointed Don Davis as its new managing director. Davis will join OCIMF on secondment from Chevron and assume the role on July 1, 2026. He succeeds Karen Davis, who will remain with the organisation until the end of June to support a smooth leadership transition. He joins ...
Castor returns to bulker buying with $37.5m deal for modern kamsarmax Cyprus-based Nasdaq-listed owner Castor Maritime has struck a deal to buy a 2023-built eco kamsarmax bulker for $37.5m. The Petros Panagiotidis-led company said the unnamed vessel, which costs in the region of newbuildings currently quoted by brokers at Chinese shipyards, is being acquired from an unaffiliated third party through a wholly-owned subsidiary. Delivery is expected ...
Skyborn sells stake in Germany's largest Baltic Sea wind project Skyborn Renewables, a German offshore wind developer of Blackrock's Global Infrastructure Partners (GIP), has sold a 25% stake in the Gennaker wind farm in the German Baltic Sea to Stadtwerke München. Execution of the transaction remains subject to customary approvals, and the successful closing of construction financing is expected in the third quarter of 2026. ...
Japanese shipping venture Sakura Ocean places debut bulker orders at three domestic yards Japanese shipowning venture Sakura Ocean Corporation has signed contracts for its first three vessels, launching its fleet development programme less than six months after its establishment. The company held a signing ceremony in Tokyo covering the construction of three bulk carriers that will be built at some of Japan's leading shipyards. The orderbook comprises a ...
Norebo expands shipping arm with Dalreefer takeover Russian seafood group Norebo has acquired Far East-based shipping company Dalreefer, adding one of Russia's largest reefer operators to its portfolio. The deal sees a Norebo-controlled structure take ownership of Dalreefer, a Vladivostok-headquartered company specialising in the transportation of frozen fish products and refrigerated cargoes across Russia and international markets. Financial term
Nanjing Shenghang books chemical tanker at Zhejiang Dongpeng Chinese tanker owner Nanjing Shenghang Shipping has placed an order for a 6,200 dwt chemical tanker at Zhejiang Dongpeng Shipyard, marking the start of a new fleet renewal programme. The vessel is scheduled for delivery in 2027 and will be deployed in the transportation of liquid chemicals and refined petroleum products. The contract represents the ...
China Merchants unit books kamsarmaxes at Jiangsu Haitong Shanghai Changjiang Shipping has ordered two 82,000 dwt kamsarmax bulk carriers at Jiangsu Haitong Offshore Engineering Equipment. The company under the China Merchants Group umbrella said the vessels are scheduled for delivery in 2028. Financial terms were not disclosed, although current market estimates place Chinese-built kamsarmax newbuilding prices at around $37m-$38m per vessel, suggesting
Trio of owners emerge behind 13-ship Huangpu Wenchong boxship haul Three different owners have emerged as the likely customers behind a newly announced 13-vessel containership package at CSSC Huangpu Wenchong Shipbuilding. The Guangzhou-based yard and CSSC Trading recently disclosed contracts covering 13 boxships of 5,000 teu and above, comprising three 5,300 teu ships, four 6,200 teu units and six 6,400 teu vessels. Multiple shipbroking and ...
Black Sea tensions escalate as bulker hit and ports burn A Turkish-owned dry bulk vessel sailing under the Panamanian flag was struck by a drone in the Black Sea on Monday, highlighting the continuing dangers facing commercial shipping as the conflict between Russia and Ukraine intensifies once again. The Victress caught fire after being hit by what Ukrainian authorities described as an enemy unmanned aerial ...
Washington and Tehran issue conflicting messages on Hormuz transits Confusion over the status of the Strait of Hormuz deepened over the weekend as the United States and Iran issued contradictory statements on whether the crucial energy chokepoint is open to commercial shipping. The uncertainty is creating a growing disconnect between political declarations and operational reality, with vessel movements remaining a fraction of normal levels ...
Lila Global books 68% paper gain on VLCC Lila Global appears to be closing in on a striking 68% gain from the sale of the scrubber-fitted Lila Kochi. Sales talk surrounds the 2008-built, 314,000 dwt Kawasaki-built VLCC, with several broking reports linking the ship to a deal at around $79m to undisclosed interests. With rates in the Arabian Gulf running at sky-high levels, speculation ...
VLCC values continue to rise, even for 20-year-old ships , with brokers reporting that the 302,400 dwt Kawasaki-built Yamatogawa has been sold for $61.5m. The vessel's next special survey is due in September. The sale follows a deal in April, when the same-aged, same-sized Kasagisan, built by Mitsui, was reported to have been sold for just over ...
Venezuelan crude exports more than double Venezuela's seaborne crude exports have more than doubled this year, providing a fresh source of tanker demand and increasing South America's importance in global oil trade flows. According to Signal Ocean data, Venezuelan crude liftings have risen for six consecutive months, climbing from around 620,000 barrels per day in January to approximately 1.5m barrels per ...
Hanwha Ocean signs up for $15.7bn Canadian FLNG project South Korea's Hanwha Ocean has signed a non-binding memorandum of understanding with Kanata Clean Power & Climate Technologies to explore cooperation on the proposed Kanata FLNG project in Prince Rupert, British Columbia. The planned FLNG export project is expected to have a capacity of up to 12m tonnes per year, with Kanata estimating total capital expenditure ...
Fortescue lines up dozen ammonia-capable newcastlemaxes from CMB.TECH Fortescue and CMB.TECH have signed an agreement covering the charter of up to 12 ammonia-capable newcastlemax bulk carriers, in what the two companies describe as a major step towards scaling zero-emission shipping. Under the deal, Fortescue will take on a fleet of 210,000 dwt vessels from Bocimar, the dry bulk arm of CMB.TECH. Up to ...
Vantage Drilling merger with Eldorado clears shareholder vote Shareholders of offshore drilling contractor Vantage Drilling have given their blessing to the proposed merger with Neil Hall-led Eldorado Drilling. During a special general meeting held last week, the shareholders approved the proposed merger under which Vantage will become a wholly owned subsidiary of Eldorado Drilling. The surviving company's name will remain Vantage Drilling International ...
Adura hires Shearwater for North Sea 4D seismic campaign Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a 4D towed streamer seismic acquisition project for the Mariner field in the UK North Sea by Adura, the new UK-based joint venture between Shell and Equinor. The one-month survey will commence in July 2026 and deploy Shearwater's isometrix multi-component streamer technology to deliver time-lapse ...
Supply chains are becoming truth chains Wolfgang Lehmacher on the advent of digital product passports and what it means for global trade. On January 1 2026, the European Union entered a new phase in trade. The Carbon Border Adjustment Mechanism now requires importers of carbon-intensive goods to meet formal emissions-based obligations. Digital product passports are expanding across product categories, and VAT ...
Fenix Resources moves into shipping with Mira Bulk partnership Australian iron ore producer Fenix Resources is expanding further down the logistics chain, forming a shipping partnership with dry bulk operator Mira Bulk in a move aimed at cutting freight costs and supporting its production ramp-up. The ASX-listed company announced the creation of the Fenix-Mira Bulk joint venture, which will give Fenix preferential access to ...
US issues two-month sanctions waiver on Iranian oil Ofac has published the General License X, authorising a broad array of transactions related to shipments of Iranian oil, petroleum...
VLCC rates spike yet again as 'confusion continues to reign' at Strait of Hormuz The Strait of Hormuz isn't open yet, but the chance that it might be soon - even if it's a partial...
Russia prepares for potential shadow fleet influx to national flag Moscow has unveiled a draft decree to speed up ship registration and allow foreign-owned tankers to reflag to Russia, signalling...
What is going on in the Strait of Hormuz? The Lloyd's List team attempt to sum up a chaotic weekend in shipping as the Strait of Hormuz opened, then...
Decarbonisation still far off, but overtonnaging spectre nears, says London Greek leader Industry needs support in its quest for more efficient ships, not penalties, according to Haralambos Fafalios
Middle East cargo war premiums down by half in recent days, says DP World Further falls expected if peace holds, but rates may move up over next year
The week in newbuildings: Ordering stays strong as shipowners commit to 24 ships across key sectors Newbuilding contracting activity remained robust over the past week with orders reported for one gas carrier, two tankers, four bulkers...
Middle East port update: Monday, June 22 QatarEnergy has confirmed an operational incident during the start-up of operations at Ras Laffan Industrial City, but port operations remain...
Seafarer killed in latest Russia-Ukraine exchange Eight other members of the cargoship's crew were evacuated on a liferaft, while separately a sanctioned tanker reported being hit...
The Week in Charts: Shadow fleet tanker tonnage to fall | The dry bulk guide to El Nino | Major shipowners begin exiting vessels from MEG Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
The Daily View: The age of uncertainty
US-Iran talks show progress, but shipping fears another 'Groundhog Day' Signing a deal took a weekend; rebuilding the shipping industry's trust will take a great deal longer
Daily Briefing Tentative Strait of Hormuz transits continue despite Iranian closure and toll threats | The rise of shipping disruptions and the...
New US duties on foreign chassis expose split among ITC members The debate within the US International Trade Commission was whether economic conditions would have caused deteriorating sales in the US regardless of the presence of foreign companies.
Flatbed rates rise as data centers, regulations tighten capacity Carriers, brokers and market analysts say flatbed equipment is becoming increasingly difficult to secure in several key freight markets, particularly across the South.
Confluence of factors drive trans-Pacific volume surge, space crunch When tight capacity meets unexpected volumes, price elasticity goes wild as container lines have learned from the pandemic to go fast and hard on seeking rate increases.
Legal, project buyout whipsaw leaves US wind industry in limbo The start-and-stop movement in the US offshore wind industry comes as energy projects have kicked into overdrive to keep pace with the booming buildout of data centers.
K Line linked to sale at potential record price for 20-year-old VLCC Data from VesselsValue shows no deals above $60m for VLCCs of this age range
QatarEnergy confirms 13 deaths from Ras Laffan blast But Middle East producer says its LNG facilities are unaffected
John Denholm takes over as International Chamber of Shipping chair Former CEO of J&J Denholm elected on Monday in Rome
US agrees sanctions waiver for Iranian oil shipments as part of 'free and open' Hormuz Dollar payments to Iranian government allowed for 60 days under interim peace deal
Peter Dohle linked to container ship newbuilding sextet in China Hamburg tonnage provider behind $500m order for 6,400-teu vessels
Jones Act wars: Duelling campaigns intensify debate over US domestic shipping law Jones Act stakeholders fight to end waiver while libertarian group wants to kill the law altogether
Green Seas: Are we drinking the nuclear kool-aid? Nuclear in shipping is as much about security as it is sustainability
Nexans unveils flagship cable layer as Europe races for energy independence Nexans Electra inaugurated in Oslo
What a vessel from the 1960s can teach us about nuclear shipping Separating protection and indemnity and hull insurance from nuclear reactor cover will help commercialise a new industry
India joins nuclear shipping race amid energy security concerns New government act opens door for commercial actors with a new liability regime
How funding, insurance and emotion need to align for shipping to go nuclear Investment pours in to SMR start-ups but nuclear and shipping are not aligned for insurance and liability yet
Castor Maritime back in buying mode with swoop for modern kamsarmax Cypriot owner says it is paying $37.5m for 2023-built bulker
Vitol books Enesel VLCC for a year as term and spot rates jump Giant charterer pushing up period levels as it takes more cover
Strait of Hormuz 'is open' Vance says, as tanker sector waits for green light Oil market could be heading to demand destruction territory, Arrow warns
Naftomar emerges as hotly tipped buyer of CMB.Tech suezmax duo Market players question prices quoted, however
Russia calls for limits on ship tracking transparency after string of attacks Moscow warns against expansion of data systems to crack down on shadow fleet operations
Broker settles for $110,000 after charter terms 'mismatched' Insurer says back-to-back contracts were not clearly aligned
What does the latest European crackdown on Chinese carmakers mean for shipping? Latest round of import duties could target hybrid vehicles
Greek owner John Inglessis sells oldest tanker in fast-moving S&P market JHI Steamship has no other tanker left built before 2021
What does the latest European crackdown on Chinese car makers mean for shipping? This round of import duties could target hybrid vehicles
Swiss Maritime Capital cashes in on two suezmax newbuildings Each LNG-ready tanker has gained more than $15m in value since it was ordered last year
Global Ship Lease tipped to order four midsize container ships Owner has contracted newbuildings at three Chinese yards
Chevron Shipping boss Don Davis unveiled as new head of OCIMF Oil company members' body says it is at a 'pivotal moment'
Nordic American Tankers suezmax pair flee Gulf amid renewed tensions Million-barrel tankers had loaded Iraqi and Saudi Arabian crude earlier in the conflict
Armed gang tries to board tanker off Yemen Panama-flagged ship conducted evasive manoeuvres to deter attack
Seafarer death toll rises as Russia and Ukraine keep attacking ships Fatal casualties reported after drone strikes on Panama-flagged ships and Kerch Strait ferry
Rio Tinto Shipping sells two newcastlemax bulkers to Mercuria Market sources say sales were done at a slightly lower price than sister ships sold in April
Shipping stocks gain as Iran-US talks uncertainty fails to dampen momentum Tanker and bulker stocks were among the top gainers in Oslo
Bruton chair Bjorn Isaksen's stock bet pays off as forward deal expires Director will be compensated by Tor Olav Troim company as share price stayed well above option cost
QatarEnergy ballast LNG carrier convoy returns to load via Strait of Hormuz Ships head home as Qatar reports explosion, fire and casualties at Ras Laffan gas plant on Sunday
Bruton chairman Bjorn Isaksen's stock bet pays off as forward deal expires Director will be compensated by Tor Olav Troim company as share price stayed well above option cost
Australian miner and Singapore bulker player form JV in bid to control freight costs Fenix Resources and Mira Bulk aim to slash shipping costs
China blacklists maritime technology firms in latest US retaliation L3Harris Maritime and autonomous vessel developers caught in Beijing restrictions
Pan Ocean lands $1.62bn in long-term charter contracts on four VLCCs Newly ordered VLCCs have been chartered to SK Energy and SK Incheon Petrochem for two decades
Wavelength podcast: Peace at last? Shipping cautiously resumes as Hormuz reopens Plus: why Russia is pushing to grow its shadow fleet of LNG carriers 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
Eastern Pacific builds stake in Logothetis fuel tech company Sulnox Idan Ofer company also rolls out decarbonisation product on more vessels
CMB.Tech and Fortescue strike charter deal for up to 12 ammonia-capable bulkers Belgian owner and Australian miner say three vessels will have dual-fuel engines fitted
Iran Strait of Hormuz closure sends shipping dark again Windward profiles latest transits as 'sanctioned and Iranian-linked'
Coffee Ships expands fleet with third container vessel acquisition Shipowner targets further acquisitions as it builds towards a 15-vessel operation
Frontline chief banks $11m from stock options as VLCC rally boosts share price CEO still holds 231,018 options in VLCC owner
Seafarer death toll rises as Russia and Ukraine keep attacking each other's ships Fatal casualties reported after drone strikes on Panama-flagged ships and Kerch Strait ferry
Andhika Lines trims panamax fleet with demolition sale of veteran bulker The Andhika Paramesti in the second bulker Indonesian shipowner has sold for recycling this year
China blacklists US maritime technology firms in latest retaliation L3Harris Maritime and autonomous vessel developers caught in Beijing restrictions
US-Iran talks yield breakthrough as Hormuz dispute persists Tehran cites progress on oil exports, frozen assets and Lebanon
Pan Ocean lands $1.62bn in long-term charter contracts for four VLCCs Newly ordered VLCCs have been chartered out to SK Energy and SK Incheon Petrochem for two decades
Capesize bulker rates to hit cyclical high-point this year, analysts say Caution for the longer term, with earnings tipped to slump once 79 newbuildings arrive
How Chellship gave up lucrative Middle East charter to keep crew safe The Hong Kong owner claims it is also keeping crews healthier with vegetarian meals using ingredients grown on board
After $450M project, Port of Virginia goes deep to raise the bar among East Coast container gateways The Port of Virginia has officially established itself as home to the deepest commercial shipping channel on the U.S. East Coast, a milestone celebrated by Gov. Abigail Spanberger before an audience of more than 200 at Norfolk International Terminals. This inauguration of the $450 million infrastructure project, which reached substantial completion on Feb. 28, allows the largest cargo ships in th
FMCSA drops rule requiring trucks maintain printed ELD manual A small federal rule affecting drivers is being scrapped by the Federal Motor Carrier Safety Administration (FMCSA). It was the second instance Monday of a Federal Register notice that made a minor change in regulation but one that does impact the mandates for a truck's driver. In Monday's Federal Register, the agency said it was implementing final rules for two changes it proposed last year and
Are you overpaying? Why shippers should revisit emergency fuel surcharges now Are you paying twice for soaring fuel price increases driven by the Iran war? While negotiators try to work out a permanent end to the conflict that all but shut down Persian Gulf shipping and put a chokehold on global crude oil supplies, Drewry says shippers may still be in for a nasty postwar surprise. It's an ocean transport two-fer the maritime analyst says shippers would be well-advised to a
For a 3rd month in a row, Saia opens new terminals LTL carrier Saia has announced openings of two new terminals, the third consecutive month where it has expanded its physical footprint after not doing so at all in 2025. In a prepared statement, Saia (NASDAQ: SAIA) said it was opening new terminals in Duluth, Minnesota and Columbia, Missouri "as part of the company's continued investment in expanding and strengthening its nationwide network." The
Air Hong Kong leases Airbus A330 cargo jet from US provider Air Hong Kong, a freighter subsidiary of Cathay Pacific Airways, has signed a lease with Ohio-based Air Transport Services Group for an Airbus A330 passenger-converted cargo jet, bringing its all-A330 fleet to 15 aircraft. The parent company announced the transaction on Thursday, saying Air Hong Kong will preliminary use the new medium widebody aircraft to serve mainland China and other regional
FMCSA eliminates CDL violation self-reporting across US The Federal Motor Carrier Safety Administration has finalized a rule eliminating a long-standing requirement that commercial driver's license holders self-report traffic convictions to their state licensing agency. The new rule removed what many trucking stakeholders viewed as a redundant compliance burden. The final rule was published in the U.S. Federal Register and took effect on Monday. Under
UPS explores outsourcing UK parcel delivery to third-party couriers United Parcel Service plans to switch from employee delivery drivers in the United Kingdom to using independent contractors that have their own vehicle fleets to deliver parcels, according to Unite, the country's largest trade union, and a source close to the situation. The news comes as the powerful Teamsters union in the United States claims that UPS ( NYSE: UPS ) is violating a collective barg
TFS, WEX roll out equipment financing program as trucking industry rebounds Trucking fleets that delayed equipment purchases during the prolonged freight recession are beginning to return to the market, prompting TFS Financial and WEX to launch a new financing program aimed at helping carriers acquire trucks, trailers and other transportation assets. Vancouver, British Columbia-based TFS Financial announced Monday the launch of "Equipment Financing Powered by TFS," a pro
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