Propeller Club NY/NJ to host Saint Patrick's Day party The Propeller Club of the Port of New York and New Jersey (NY/NJ) will host its Saint Patrick's Day Party on Thursday, March 5, 2026, from 5:00 p.m. to 8:00 p.m. at
MER Equipment launches ultra-compact B6 marine generator enclosure Seattle, Wash,-based MER Equipment has introduced its new B6 marine enclosure, a compact, high-performance generator platform designed to address one of the marine industry's most persistent challenges: fitting reliable power into increasingly
VIDEO: BMT unveils new Digital Innovation & Simulation Center (DISC) BMT today announced the opening of its Digital Innovation & Simulation Center (DISC) at its Fareham, U.K., site. The facility has been created to transform how BMT teams and customers innovate, collaborate
All American Marine wins new Alaska tour vessel contract Bellingham, Wash.-based All American Marine (AAM) reports that it is currently constructing a sister ship to the tour vessel Chugach Express that it delivered to Alaska-based Phillips Cruises & Tours in April
TIdewater to acquire 22-PSV Wilson Sons Ultratug (WSUT) fleet In a move that significantly expands its presence in the Brazilian market, Houston-headquartered Tidewater Inc. [NYSE: TDW] has entered into a definitive agreement to acquire all of the outstanding shares of Wilson
CN Index remains in high pressure territory as market gradually cools The CN Index declined to 512 this week, signaling that global container shipping remains in the High Pressure range, although conditions continue to ease incrementally. The latest reading reflects softer freight rates across major East-West trade lanes, combined with a modest reduction in geopolitical risk intensity. CN INDEX WEEK 09 2026 Freight Rates Continue to Moderate Pricing on the primary
T.S. Lines to join China-Thailand NT8 service T.S. Lines will join the China-Thailand NT8 service operated by CNC Line, a subsidiary of CMA CGM, starting next month. The carrier will deploy one vessel on the loop and market the service under the name North China-Thailand Express (NTX). The NT8 service currently operates with four vessels of 2,300 TEU each and connects key ports in North China and Southeast Asia. The rotation covers Tianjin,
From Lead to Invoice: Where Field Service Businesses Lose Profit Field service professionals serve vital roles in communities, whether it's a plumber fixing an emergency leak or an IT specialist making on-site hardware repairs. However, high operational costs in field service lead to thin profit margins. These sectors cannot sacrifice service quality to cut costs, but they can prevent profit leaks due to operational gaps in job quotes, windshield time, first-t
Unity Line launches Russia Far East service Unity Line has introduced a new service connecting China and South Korea with ports in Russia's Far East, according to DynaLiners. The carrier, understood to be Russian, is deploying a single 860 TEU vessel on the route. The service operates on a fortnightly basis. The rotation calls at Busan, Shanghai, Vostochny and Vladivostok before returning to Busan. The launch strengthens direct maritime li
Macquarie to acquire Qube Holdings in 8.3 billion deal Macquarie Asset Management (MAM) has signed a Scheme Implementation Deed (SID) to acquire all shares in Qube Holdings Limited. This acquisition, conducted via a scheme of arrangement, values the Australian logistics giant at approximately A$11.7 billion (USD 8.3). The move follows months of negotiations and signals a major shift for the region's largest provider of port and terminal infrastructur
ZIM revises Levant Black Sea Express service rotation ZIM has announced a significant restructuring of its Levant Black Sea Express (LBX) service. Based on reports from Alphaliner, the carrier is adjusting both the frequency and the port rotation of this regional route to better align with current market demands. The service frequency will now be reduced to a fortnightly schedule. As part of this overhaul, ZIM has removed the port of Piraeus from th
European dominance in global container shipping market The global maritime landscape is shifting as we close Week 08 of 2026. European carriers lead the race in the container shipping market. They command a massive 55.5% share among the top 30 operators. Alphaliner's latest data confirms this trend, placing the combined Asia and Middle East regions at 38.6%. These European giants are currently defining the industry's future
European Commission seeks clarity from US on IEEPA Ruling The European Commission has called for full clarity from the United States following the recent judgment by the Supreme Court of the United States on the International Emergency Economic Powers Act (IEEPA). In a statement, the Commission said the current situation does not support efforts to deliver "fair, balanced and mutually beneficial" transatlantic trade and investment, as outlined in the EU
US Supreme Court voids Trump tariffs as ports warn of uncertainty The Supreme Court of the United States has struck down Donald Trump's sweeping global tariffs imposed under the International Emergency Economic Powers Act (IEEPA), ruling that the president exceeded his authority. In a 6-3 decision authored by Chief Justice John Roberts , the Court held that IEEPA does not grant the president the power to impose tariffs. The ruling affirms that the US Constituti
Readers Speak: Hapag-Lloyd's ZIM deal seen as strategic boost Readers believe a potential acquisition of ZIM Integrated Shipping Services by Hapag-Lloyd would primarily strengthen Hapag-Lloyd's competitive position rather than simply accelerate consolidation. Industry sentiment is clear. Across both voting platforms, the dominant view points to strategic reinforcement. Participants see the deal as a move that would enhance network depth, fleet flexibility,
Ocean Alliance and ONE revise Transatlantic network, drop Baltimore Ocean Alliance members CMA CGM, Cosco Shipping Lines and Evergreen, together with partner ONE, are adjusting their Transatlantic network following the termination of the Unity Bridge/TAX/TAE2/AT2 service, according to DynaLiners. To maintain coverage across the trade, the carriers will add Charleston and Savannah to the Liberty Bridge/TAE/AT1 service. As part of the restructuring, Baltimore will
Zim workers intensify strike over $4.2B Hapag-Lloyd sale According to Calcalist, labor unrest at Zim Integrated Shipping Services escalated over the weekend as workers sharply reduced port operations and barred Chairman Yair Seroussi from company facilities. The action is in protest of the planned $4.2 billion sale to Hapag-Lloyd . ZIM workers strike over job cuts amid $4.2B Hapag-Lloyd takeover The union announced last week it would halve exceptional
Pistiolis-linked deal adds nine tanker newbuilds to Top Ships pipeline New York-listed tanker owner Top Ships has agreed to acquire nine ECO MR product/chemical tanker newbuildings backed by long-term charter employment, in a deal carrying a potential revenue backlog of about $679m. The Greece-based owner said it will acquire 100% of the shares in nine Marshall Islands special purpose vehicles tied to shipbuilding contracts at ...
Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, part of Danish owner Celsius Shipping, has placed an order for an additional 180,000 cu m LNG carrier with South Korea's Samsung Heavy Industries. The deal brings Celsius Tankers' LNG fleet to 24 vessels, bolstering the company's ongoing expansion in the segment. Samsung Heavy Industries confirmed the contract in a regulatory filing earlier, ...
Geneva Dry Dialogues: European Energy Exchange With Geneva Dry 2026 on the horizon, market players are weighing how the dry bulk sector could look by late April against a backdrop of geopolitical tension, regulatory shifts and continued freight volatility. One of the companies closely involved in freight and commodity risk management is the European Energy Exchange (EEX), which operates global markets ...
Trump tariff turmoil clouds transpacific contracting season Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway. On Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally impose sweeping global tariffs. In response, Trump ...
Costamare Bulkers swaps ageing tonnage for modern Japanese ultramax New York-listed Greek owner Costamare Bulkers is continuing its fleet renewal programme, adding a modern Japanese-built ultramax while offloading two older vessels. The company has agreed to acquire the 2018-built, 60,297 dwt dry bulk vessel Koushun, which will be renamed Astros. Delivery is expected between the first and second quarters of 2026. The ship is ...
Active Mercuria Energy adds a cape As Chinese buyers have been hoovering up capes at roughly one ship per week this year - mostly vintage tonnage around 18 years of age - European buyers have been largely absent from global broking reports. One notable exception is Geneva-headquartered Mercuria Energy. Brokers tie the trader to the 182,100 dwt Epic (built 2010 at ...
15-year-old VLCC values jump 57% year-on-year as Sinokor linked to Teekay exit Towards the end of last week, Teekay Tankers exited the VLCC sector, selling the 2013-built, 318,700 dwt Singapore Spirit - formerly Hong Kong Spirit - for $84.5m. Over the weekend, brokers linked the usual suspect these days, Sinokor, to the deal. The sale follows CMB.TECH's disposal earlier this month of the 2012-built, 314,000 dwt Ingrid ...
Opposition to ZIM's sale to Hapag-Lloyd grows Opposition to Hapag-Lloyd's planned takeover of Israeli line ZIM is growing, with union protests and the controversial sale debated at the Knesset, Israel's parliament, yesterday. Hapag-Lloyd unveiled a $4.2bn takeover offer for ZIM a week ago (pictured), in a deal that would carve out a 'New ZIM' made up of 16 vessels to be separated ...
A.P. Moller Capital raises $243m to invest in Morocco A.P. Moller Capital has completed a final close on a Morocco-focused transport and logistics fund. A.P. Moller Capital Morocco closed with total commitments of MAD1.64bn ($178m). In addition, A.P. Moller Capital - Emerging Markets Infrastructure Fund II K/S (EMIF II) has pledged a further MAD600m, taking the total pool available to $243m for investments across ...
The IMO Net Zero Framework survives; now, ambition must return Anaïs Rios, senior shipping policy officer at Seas At Risk, writes for Splash today on what is shaping up to be a pivotal year for shipping's decarbonisation pathways. At the last International Maritime Organization (IMO) meeting, I sat in the plenary room, watching what felt like a telenovela. Full of twists, surprise interventions, sharp turns, ...
Venezuela's shadow fleet sits idle after US intervention More than 12m dwt of tonnage has been freed up since the US cut off the shadow fleet from the...
New fronts opened in IMO CII wars More criticisms of the Carbon Intensity Indicator have been added to the IMO pile as states try to agree on...
Aspides extends operation but with less financial support The Council of the EU decided to extend Aspides operation for another year with a decreased amount of financial cover...
Strong freight markets stall ship recycling sales despite uptick in prices Notable recent transactions included the damaged suezmax Vilamoura and a handysize bulk carrier, which was sold to Bangladesh for a...
Is the shadow fleet finally under pressure? Lloyd's List's risk and compliance analysts examine the evolving policy and market pressures piling up against operators of shadow fleet...
EU fails to agree maritime services ban and delays sanctions package The four-year anniversary of Russia's full-scale invasion of Ukraine was due to be marked by a new package of sanctions...
Shippers still can't trust carrier emissions calculators, new analysis finds Carrier CO2 calculators remain too inconsistent for meaningful comparison. Sea Intelligence finds that, 15 years after their introduction, emissions estimates...
Gard portfolio surpasses 300m tonnes Marine mutual announces successful P&I renewal season with 'high retention and substantial levels of new committed tonnage'
US tariff turmoil could see India taking more Russian crude Tonne-miles could rise in both the mainstream and shadow fleet if Russian imports into India returns to levels seen in...
The week in newbuildings: Ordering activity eases due to Lunar New Year slowdown Despite the dip, significant orders were placed across multiple segments, highlighting continued long-term investment in fleet renewal and decarbonisation
The Week in Charts: Flag states rush to flush out fake registries | Sinokor's tonnage grab to redefine tanker market dynamics | Red Sea dark transits at two-year high Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Wuhu Shipyard adds Nantong subsidiary amid accelerating wave of Chinese yard reactivations Wuhu Shipyard has launched a new Nantong-based subsidiary as it moves into larger vessel construction and offshore engineering, aligning its...
The Daily View: The aftermath of Scotus v Potus
20 years of MLC: How proud should shipping be of its unique treaty? Two decades have passed since shipping adopted its landmark convention on seafarer rights, but is it the shining piece of...
Daily Briefing Trump swiftly replaces lost IEEPA tariffs but new levies are far less flexible | Sinokor's tonnage grab to redefine tanker...
Zim acquisition sets up network changes for Gemini: Sea-Intelligence Hapag-Lloyd said it wants to integrate Zim into the alliance with Maersk, but adding new ports and overlapping coverage means changes to services.
Hapag-Lloyd's deal for Zim won't fix challenges facing container shipping The $4.2 billion acquisition announced last week does nothing to alter the market's weak fundamentals, notably soft demand and vessel oversupply, writes analyst John McCauley.
Asia to dominate global wind cargo market through end of the decade A record number of wind farm installations in 2025 has set the tone for accelerated year-over-year demand growth for wind components, according to the Global Wind Energy Council.
Tidewater adds 22 PSVs and swells Brazil fleet in $500m acquisition Houston offshore vessel giant pays cash for Wilson Sons Ultratug Participaçoes
Norwegian insurer Skuld picks up tonnage from major shipowners Growing global fleet and shipbuilding boom adds tonnage to portfolios of shipping mutuals
EU fails to reach deal on maritime services ban Hungary stymies efforts to secure major change to bloc's sanctions policy
Zim spin-off fully capable of meeting Israel's wartime needs, private equity giant says In the next war, will Zim be able to provide all the state's needs? Its likely new owner thinks so
Clarksons logs 'elevated' $18bn spending on newbuilding orders in January Latest World Shipyard Monitor reveals robust yard activity in positive freight markets
Top Ships takes over nine Pistiolis tanker newbuilds backed by $680m of charters Greek company strikes deal with main shareholder for Chinese MRs
Steamship takes conservative line in volatile world Leaders of P&I club say investment boom is likely to end amid concerns over high-cost casualties
Tanker carrying Russian crude heads for Cuba as US pressure grows Windward reports other ships aborting voyages or cancelling loadings
New tariff turmoil fuels uncertainty for transpacific contracting season Frontloading likely as shippers race to beat July deadline
Precious Shipping scores charter with Louis Dreyfus for handysize bulker Term deal is for $13,400 per day for nine to 12 months
Zodiac Maritime pushes crude tanker newbuilding drive to $1.4bn London-based shipowner inks one suezmax and four VLCC newbuildings after profiting from sale of three tankers
Eastern Pacific strengthens top team with key hires Commercial director of tankers Tay Gak Yong and CFO Ken Cambie are leaving EPS
Red Sea naval force extends stay as Houthi attacks cease Last fatal attack was in September 2025, and lines are starting to return to route
Trafigura fixes $1.1bn loan as shipments of critical metals rise Trader says cash will support long-term supply of cargoes to Germany
Tanker giant Sinokor 'holding back' VLCCs in pursuit of ever-higher spot rates Brokers and analysts assess earnings at their highest level for nearly six years
Celsius Tankers confirms single LNG carrier order Latest contract boosts owner's fleet to 24 vessels
Tankers are the game-changer in shipping's equity bull run, Clarksons says Record rates are resetting payback economics as investors back sector
London maritime law firm hires new ship finance partner from rival Experienced lawyer returned to London in 2021 after stints in Greece and Singapore
Celsius Tankers linked to LNG carrier order Latest contract set to boost Danish owner's LNG fleet to 24 vessels
How tanker 'legends' profit from 'buy and hold' strategy in volatile VLCC market New York shop Poten says family-owned companies know the benefit of being in shipping for the long haul
West of England banks big gain in tonnage at P&I renewal CEO Tom Bowsher says busy yards have contributed extra tonnage to the club
Marinakis' Capital Clean Energy prices $300m of Greek bonds Company's Athens debt series will pay interest of 3.75% per year
Shipowners plough $7.1bn into new vessels as tanker and bulker deals drive market Allied Quantumsea research says higher correlation being shown between market strength and S&P transactions
Reward offered for information about 'lost' VLCC sanctioned over links to Iranian oil kingpin LinkedIn post says €500,000 up for grabs regarding position of former Vani
Yangzijiang scoops up $119m newbuilding order from Chinese feeder container player Hong Kong-registered Manqiang Shipping has ordered four 1,900-teu feeder container vessels
Cameroon moves to purge shadow tankers from its registry African nation's flag now covers 13% of sanctioned fleet: Windward
Hong Kong-registered Manqiang Shipping ordered four 1,900-teu feeder container v... Hong Kong-registered Manqiang Shipping ordered four 1,900-teu feeder container vessels
New DOT rules put states on hook for truck parking WASHINGTON - Newly issued federal guidance has formalized truck parking as a required element within state multimodal freight plans. While previous freight plan guidance encouraged states to consider the issue of truck parking availability, the U.S. Department of Transportation's 2026 guidance , which goes into effect on Tuesday, emphasizes that if a state fails to conduct a comprehensive assessm
Cando, Savage Rail in far-reaching crossborder rail deal Cando Rail & Terminals agreed to acquire the Savage Rail subsidiary of Savage Enterprises LLC in a deal that will create an extensive cross-border rail services network. Privately-held Savage Rail is a leading U.S. rail provider with operations across the U.S. and a platform of assets in key markets, including along the Midwest, Gulf Coast, and southeast corridors. Terms were not disclosed. Cando
"Textbook" case: Why trans-Pacific container rates continue to fall Xeneta: Iran tensions could delay Red Sea return While ocean carriers wrangle with too many ships and too little cargo, continuing weak rates on the Asia-U.S. trade route are starting to show up on other benchmark shipping lanes. "Average spot rates are down this week across all main fronthaul trades out of the Far East," said Peter Sand, Xeneta chief analyst, in a note to clients. "From Far East
White Paper: Q1 2026 Freight Brokerage Rate Report FreightWaves' Freight Brokerage Rate Report - sponsored by Empire National - provides a review of the previous quarter and a forecast for the coming months. Featuring responses from a freight brokerage survey alongside SONAR data, the report is designed to provide intelligence that brokers can use to inform their strategies in the months ahead. Key areas of exploration include: FreightWaves Broke
White Paper: Q1 2026 Shipper Rate Report The Shipper Rate Report - presented in partnership with Trimble - is a quarterly publication using SONAR datasets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves and backed by the proprietary data and analytics housed in SONAR's platform. Key areas of exploration include: Q4 2025 review of trucking
White Paper: Q1 2026 Carrier Rate Report FreightWaves' Carrier Rate Report - sponsored by Trimble - provides a review of the previous quarter and a forecast for the coming months. Featuring responses from a carrier survey alongside SONAR data, the report is designed to provide intelligence that carriers can use to inform their strategies in the months ahead. Key areas of exploration include: Key Themes to Watch in Q1 2026 FreightWaves C
Trump's 15% tariff move strains allies, injects volatility into freight market President Donald Trump escalated his trade agenda over the weekend, raising a newly imposed global tariff from 10% to 15% and vowing additional tariffs and licensing fees, even as fallout from the Supreme Court's decision striking down most of his earlier duties spreads across global markets and Capitol Hill. The move marks the latest twist in a rapidly evolving tariff saga that has rattled finan
Importers face long road on tariff refunds The U.S. trade community is looking at a long, uncertain path obtaining refunds after the U.S. Supreme Court struck down President Donald Trump's emergency tariffs. The court ruling on Friday tossing out President Donald Trump's tariffs levied under the International Emergency Economic Powers Act (IEEPA) means importers could potentially be due billions of dollars in duty refunds. But trade exper
The Used Truck Market Signals a Turn https://www.taylorandmartin.com/ The used truck market is often volatile season to season, and for those who know how to read it, the truck market is one of the most honest real-time indicators of where the broader freight economy is heading. For Steve Oliver, Vice President of Sales & Marketing at Taylor & Martin Auctioneers, that kind of analysis features in the daily reality of running one of
Blizzard shuts down container terminals at northeast ports Seven states declared a state of emergency prior to the blizzard, which moved into the New York metropolitan area midday Sunday. There was a travel ban ahead of a forecast calling for as much as 24 inches of snow for some locations along the coast. At Port Newark, 13 inches of snow had fallen as of 9 a.m. ET, shutting down container and ro-ro operations at the busiest East Coast maritime gateway.
The Great ELDT CDL Swindle That Downgraded US Trucking When Congress passed MAP-21, the Moving Ahead for Progress in the 21st Century Act, the directive to the Federal Motor Carrier Safety Administration was straightforward. Commercial driver training varied too widely across states. Some programs were rigorous. Some were close to nothing. People were dying in preventable crashes because drivers were getting commercial licenses without demonstrating
What the IEEPA SCOTUS Ruling Means for American Freight On Friday morning, February 20, the Supreme Court of the United States delivered a ruling that constitutional scholars will study for decades. In Learning Resources, Inc. v. Trump, Chief Justice John Roberts, writing for a 6-3 majority joined by Justices Gorsuch, Barrett, Sotomayor, Kagan, and Jackson, held that the International Emergency Economic Powers Act does not authorize the President to i
2026: The year TL carriers turn the tide? Shippers may not have it so easy finding capacity moving forward. Upheaval across the supply side of trucking has shifted market balance even without a meaningful uptick in demand. Truckload carriers culled their fleets as part of broader cost-cutting initiatives through the prolonged downturn. Many have also lowered exposure to the "you-call, we-haul" model, in favor of dedicated contracts that
Cartel boss killing jolts US-Mexico freight corridors The confirmed killing of Nemesio Oseguera Cervantes - better known as "El Mencho," leader of the Jalisco New Generation Cartel (CJNG) - triggered widespread cartel retaliation across Mexico on Sunday, disrupting key highways, rattling port operations and raising concerns about near-term impacts to cross-border freight flows with the U.S. Mexican authorities confirmed Oseguera was killed during a
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