IMO unveils long-awaited Hormuz evacuation plan Around 11,000 seafarers are to be evacuated from the Strait of Hormuz region under an evacuation plan developed by the International Maritime Organization (IMO) and that will be carried in close cooperation
BRIX Marine delivers offshore passenger cat It's About Time Port Angeles, Wash,-based BRIX Marine reports that has delivered It's About Time, a custom-built 4818-HTC offshore passenger catamaran from its PaxCat lineup, to FunToSee Island Ferry of Castries, St. Lucia. It is
SEACOR Marine Holdings' largest shareholder urges sale of company Jorey Chernett, managing member of Michigan-based investment fund Pointillist Family Office, the largest shareholder of Houston-based offshore support vessel company SEACOR Marine Holdings Inc. [NYSE: SMHI] has written its board urging that
Duffy tours Ports of Indiana-Burns Harbor Ports of Indiana recently hosted U.S. Transportation Secretary Sean P. Duffy at Burns Harbor to tour recent expansion projects and discuss how investing in vital Great Lakes and inland waterways infrastructure will
VIDEO: John Denholm is new ICS chairman The board of the International Chamber of Shipping (ICS) has unanimously elected John Denholm CBE as chairman. The decision was made by the board at the organization's recent annual general meeting, held
KCCI rises 11.88% as container freight rates strengthen The Korea Ocean Business Corporation (KOBC) Container Composite Index (KCCI) rose 11.88% week-on-week to 3,747 points, driven by higher container export spot rates from Busan on most international trade routes. Among the main trades, the KCCI increased 17.13% to 5,729 points on the U.S. West Coast route and 13.77% to 6,832 points on the U.S. East Coast route. The index also climbed 14.64% to 4,56
DP World launches EcoRoute platform for supply chain performance DP World has launched EcoRoute, a suite of integrated solutions designed to help businesses optimise supply chain performance while reducing emissions through network design, lower-carbon logistics solutions, emissions measurement and strategic partnerships. The initiative responds to the dual pressure facing global supply chains, where freight and logistics account for approximately 10 percent o
GEODIS installs new BOA Concept automation system in Douvrin GEODIS has modernised its logistics campus in Douvrin, France , by installing a new automated sorting and order preparation system developed by BOA Concept. The project supports a growing cosmetics customer for which GEODIS manages B2B distribution to approximately 500 retail outlets across France . GEODIS said the investment aims to increase operational capacity, improve reliability and strengt
C.H. Robinson acquires DeSpir Logistics to expand high-value cargo services C.H. Robinson has acquired DeSpir Logistics, a North American provider of secure transportation and cargo escort services for high-value and mission-critical freight. The acquisition strengthens C.H. Robinson's capabilities in specialised logistics segments where security, compliance and real-time visibility are essential. The company said demand for these services continues to grow as supply ch
Why the Hormuz ceasefire does not retire the double-closure risk A US-Iran memorandum signed this month promises the reopening of the Strait of Hormuz, though, it does not deliver one
John Denholm appointed Chairman of the International Chamber of Shipping The International Chamber of Shipping (ICS) has appointed John Denholm CBE as Chairman of its Board of Directors. The appointment was approved unanimously during the ICS Annual General Meeting held in Rome, Italy . Denholm succeeds Emanuele Grimaldi , who served as ICS Chairman since June 2022 and led the organisation through a period marked by geopolitical tensions, supply chain disruptions and
PIL names first two 13,000 TEU LNG dual-fuel vessels Pacific International Lines (PIL) has marked a major milestone in its fleet renewal programme with the naming of two new 13,000 TEU LNG dual-fuel container vessels , Kota Elok and Kota Elan , at Hudong-Zhonghua Shipyard in Shanghai. The vessels are the first in a series of 13 ships designed to strengthen PIL's capacity, improve efficiency and support its decarbonisation strategy. Built by Hudong-
Operational plan has been approved for the Italian ports The Southern Tyrrhenian and Ionian Sea Port System Authority has approved the Operational Plan for 2026-2028 outlining growth and development priorities for the ports of Gioia Tauro, Corigliano Calabro, Crotone, Vibo Valentia and Palmi. President Piacenza described the plan as the fundamental tool guiding the Authority's strategic decisions to support infrastructural, logistical and economic grow
Explainer: A canal recovering, a treasury still bleeding Suez traffic is climbing as Gulf and European cargo reroutes away from Hormuz risk yet Cairo's growth forecast is being cut in the same window, exposing a widening gap between shipping volume and fiscal health
Maersk names Scott Elliott as Asia Pacific President Maersk has appointed Scott Elliott as Regional President for Asia Pacific, formalizing a role he has held on an interim basis since January 2026. Elliott joined Maersk in 2020 and most recently served as Regional Chief Financial Officer for Asia Pacific. Prior to joining the company, he held senior leadership positions at Toll Global and CEVA Logistics, gaining extensive experience across finance
MSC updates Europe rates MSC has announced new Freight All Kinds (FAK) rates for cargo moving from South Asia to Europe, effective from July 1, 2026 until further notice, but no later than July 31, 2026. The revised pricing covers shipments from Sri Lanka, Bangladesh, India and Pakistan to the European gateways of Antwerp and Valencia. For cargo originating from Colombo and Chattogram, rates to Antwerp and Valencia will
BV classes CMA CGM's first 24,000 TEU LNG dual-fuel mega ship Bureau Veritas (BV) has classed CMA CGM NOTRE DAME , the first vessel in CMA CGM's new series of 24,000 TEU LNG dual-fuel ultra-large container ships (ULCS) built by Jiangsu Yangzi Xinfu Shipbuilding . The vessel was delivered in May 2026 and marks a milestone for Chinese shipbuilding in the construction of next-generation mega containerships. Measuring 399.9 metres in length and 61.3 metres in b
GT Lines launches Gulf Connect intra-Gulf network GT Lines has launched Gulf Connect , a new intra-Gulf shipping network designed to strengthen regional connectivity across the GCC and Iraq. The network consists of three dedicated service loops offering regular sailings and integrated connections through Gulftainer's regional terminal network. The services include: Sharjah Iraq Express (SIX): Sharjah - Umm Qasr - Shuwaikh - Sharjah Sharjah KSA E
OOCL launches new China Australia Express Loop (A3X) OOCL has announced the launch of its new China Australia Express Loop (A3X) service, with the maiden voyage scheduled to depart from Qingdao on 27 July 2026 . The new A3X service expands OOCL's existing A3 network and aims to provide customers with greater flexibility, additional transit options and improved market access between Northeast Asia and Australia's east coast. With the introduction of
CMA CGM announces new PSS on Far East-East Africa and Seychelles trades CMA CGM has announced new Peak Season Surcharges (PSS) on shipments from the Far East and China to destinations in East Africa and the Seychelles. The new surcharges will take effect from 1 July 2026 , with the East Africa charges applying to short-term contracts until further notice . For cargo moving from the Far East to Port Victoria, Seychelles , CMA CGM will apply a PSS of US$500 per TEU on
Global container throughput: May 2026 operational estimates, EconDB Global container throughput presented a mixed picture in May 2026, according to the latest operational estimates published by EconDB . While some major container ports recorded higher estimated throughput compared with the same period last year, others experienced notable declines, highlighting the different market dynamics shaping global container trade. The dataset compares estimated throughput
Port of Melbourne container trade rises in May Container trade through the Port of Melbourne increased in May, driven by stronger import, export and transhipment volumes, according to the port's latest trade update. Total container throughput reached 300,000 TEU in May, up 2.4% year-on-year. Full imports climbed 7.5% to 119,000 TEU, while full exports increased 9.7% to 60,000 TEU. Transhipment volumes recorded the strongest growth, rising 22%
CIMC Raffles to build FPSO for Angola project Chinese yard CIMC Raffles has signed a contract for the Azule Energy-led Greater PAJ FPSO EPCIC project off Angola. The Greater PAJ FPSO will undertake the functions of oil and gas reception, processing, storage, and offloading. Once operational, the unit will have a production capacity of up to 95,000 barrels of oil per day. Under ...
Cido linked to VLCC quartet at HD Hyundai Hong Kong-based Cido Shipping is being linked to a fresh VLCC newbuilding deal at HD Hyundai's Philippines yard. Shipbuilding sources suggest the diversified owner has been tied to four 300,000 dwt tankers priced at around $130m each. Delivery of the quartet is understood to be lined up between 2029 and 2030. No official confirmation has ...
Greek owner Ionic lines up four tanker newbuilds in Japan Greek owner Ionic has ordered four tanker newbuildings at Japanese shipyards as it continues to stick with its long-running focus on Japanese-built tonnage. The Dimitris Sarakakis-led company has lined up a mix of suezmax and aframax tankers, according to Greek media reports citing comments made by the owner to Japanese media. No price or delivery ...
Metrostar books MR tanker duo in South Korea Greek owner Metrostar Management has returned to the MR tanker newbuilding market with a deal for two ships in South Korea. The Theodore Angelopoulos-led company has booked a pair of 50,000 dwt product tankers at HD Hyundai Mipo for delivery in 2028. Market sources put the price at close to $53m per vessel. Metrostar's own ...
Energy transition report warns of offshore workforce cliff edge Robert Gordon University's Energy Transition Institute has warned that the next five years will be decisive for the North East of Scotland's energy economy, as a new report sets out stark choices facing the region's offshore workforce. The 'Delivering Positive Energy' report argues that the period to 2030 will not only shape the future of ...
Scotland awards funds to boost offshore wind skills pipeline Three projects across Scotland have been awarded almost £1.7m ($2.25m) to boost training and skills for the country's growing offshore wind sector. The funding will support the creation of a regional skills hub for the Highlands and Islands, the expansion of engineering construction programmes, and the development of new training courses at North East Scotland ...
Dorian LPG books VLGC newbuild and sheds older trio New York-listed VLGC owner Dorian LPG has ordered a new very large gas carrier at HD Hyundai as it moves to renew its fleet in a strong freight market. The John Hadjipateras-led company has signed up for one 90,000 cu m VLGC at the South Korean shipbuilding group for delivery in July 2029. The vessel ...
Oaktree files to sell $103m worth of Torm shares US private equity giant Oaktree Capital Management is set to further reduce its stake in Danish product tanker owner Torm. A filing with the US Securities and Exchange Commission shows that Oaktree-linked OCM Njord Holdings has filed to sell 3.5m class A shares in the Nasdaq-listed company. The proposed sale values the shares at about ...
Taylor Maritime adds two more deals to disposal run London-listed dry bulk owner Taylor Maritime is set to return at least $45m to shareholders after agreeing two more vessel-related disposals. The Ed Buttery-led company said it had sold one vessel that had been subject to a purchase option, generating net proceeds of $11.4m. Taylor Maritime has also agreed terms for the sale of its ...
Seacor Marine's biggest shareholder pushes for fleet sale worth north of $1bn The largest shareholder of Seacor Marine has sent a letter to the company's board of directors urging an outright sale of the company and its fleet valued at over $1bn. Jorey Chernett, CEO of Michigan-based investment fund Pointillist Family Office, the largest shareholder of Seacor Marine, holding 7.2% of Seacor's outstanding shares, said in the ...
Transpetro inks $427m MR1 tanker order Petrobras logistics arm Transpetro has signed a $427m contract with Estaleiro Rio Grande for the construction of four MR1 tankers. The 40,000 dwt vessels will be used to transport oil and petroleum products along the Brazilian coast. The order is part of Petrobras' Mar Aberto programme, which is aimed at renewing and expanding the state-controlled ...
Saipem and TechnipFMC secure work offshore Angola worth over $1bn Italian offshore contractor Saipem and offshore contracting giant TechnipFMC have been awarded work on the greenlit Greater PAJ project offshore Angola by Azule Energy, Eni and BP's joint venture. Saipem's contract is mainly for transportation and installation services for the project, located approximately 200 km off the coast of Angola. The contract, with a duration ...
Hormuz hotline opens between US and Iran Iran and the United States have established a direct communication channel to avoid incidents and miscommunication in the Strait of Hormuz, Qatar and Pakistan announced on Monday following the first round of high-level talks under the 14-point Memorandum of Understanding at the Lake Lucerne Summit in Burgenstock, Switzerland. The joint statement said talks were held ...
Wintermar expands into CTV market through Fast Offshore Supply acquisition Wintermar Offshore Marine Group has taken full ownership of Singapore-based Fast Offshore Supply and its Indonesian subsidiary. With this move, the company expanded into building and operating fast aluminium CTVs. The group's subsidiary Wintermar Offshore Marine (WINS) has acquired the remaining 52.5% shareholding of Fast Offshore Supply (FOS) from Seacoral Maritime for $26m, and 49% ...
SBM Offshore and Solstad unveil Chinese yard for newbuild project SBM Offshore and Solstad Offshore have chosen CIMC Raffles to construct a newbuild multi-purpose deepwater installation and construction vessel. The two companies said at the start of June that they formed a joint venture and entered into a letter of intent with a shipyard to build the vessel. At the time, the shipbuilder was left ...
Container shipping's resilience test is delivering mixed results A striking chart published this week by Sea-Intelligence tracks the containment speed of every major container shipping disruption since 2012 - measuring how long it took late delays to return to pre-shock levels after each event. The pattern it reveals is one of accelerating recovery: three months after the 2014 US West Coast labour dispute, ...
K Shipbuilding sale collapses after talks with sole bidder break down The sale of South Korean shipbuilder K Shipbuilding, formerly known as STX, has collapsed after negotiations between the sellers and the sole bidder failed to produce an agreement on deal terms. Taekwang Industrial said that discussions over the acquisition had broken down after the consortium it led was unable to bridge differences with the sellers ...
Shipowners and airlines call for ETS revenues to fund green transition European shipowners and airlines have jointly urged Brussels to channel emissions trading revenues back into the sectors that generate them, arguing that the current system risks undermining efforts to decarbonise transport. In a joint statement released this week, European Shipowners (ECSA) and Airlines for Europe (A4E) said shipping and aviation already contribute more than €11bn ...
New ICS chair Denholm inherits an industry on edge The International Chamber of Shipping (ICS) has appointed well known Scottish shipowner John Denholm as its new chairman, coinciding with the release of a major industry survey that identifies geopolitical instability as the defining challenge facing global shipping. Denholm was unanimously elected by the ICS board at the organisation's annual general meeting in Rome, succeeding ...
Ras Laffan blast raises fresh questions over Qatar LNG recovery A deadly explosion at Qatar's Ras Laffan industrial complex has raised fresh concerns about the pace of the country's LNG recovery, even as authorities insist exports will not be affected. Thirteen workers were killed and 66 injured in Sunday's blast at the Barzan gas facility within the Ras Laffan complex, according to QatarEnergy chief executive ...
Another Hormuz rate bonanza bites the dust as VLGC upside unwinds The Hormuz crisis VLGC rate boom was great while it lasted, and rates are still far above where they were...
Hormuz traffic is up, but confusion reigns over the strait and tolls remain on the table Traffic through the Strait of Hormuz has surged after a partial reopening, but shipowners face a chaotic two-route system and...
Dorian inks VLGC newbuild order with Hyundai US-listed owner and operator of very large gas carriers remains 'disciplined' in fleet renewal steps
Stop abusing AIS data, Russia tells IMO Following several seizures of Russian-linked vessels by US and European nations, Russia proposed a mechanism for states to report when...
Secondhand bulk carrier values continue to rise as commodity demand grows Rising commodity volumes beyond China's iron ore trade are lifting freight earnings and asset values, with mid-sized bulkers attracting premiums...
Middle East port update: Tuesday, June 23 Jebel Ali, Hamriyah, Khalifa and Sharjah ports: all terminal operations are normal
Political instability remains shipping's top concern, ICS survey finds Stronger international co-operation, clearer regulations and greater financial support will be essential to help the maritime sector manage geopolitical and...
US and Iran set up Hormuz hotline A joint statement by the governments of Pakistan and Qatar said talks at Lake Lucerne were conducted in 'a positive...
'Not a subsidy, but a gesture': Hong Kong eases toward green-fuel hub status In a decarbonisation landscape full of uncertainties, Hong Kong is betting that travelling light and staying flexible beats committing early
The Daily View: Russia retreat looks increasingly like a recalibration
Daily Briefing Russia prepares for potential shadow fleet influx to national flag | VLCC rates spike yet again as 'confusion continues to...
Baltimore port chief Daniels leaving to take new job in Miami Jonathan Daniels was on the job in Baltimore for a little more than two years, but he's credited with helping coordinate state and federal recovery efforts to reopen the port following the collapse of the Key Bridge.
Midsize carriers can pool resources to create alliance of 'middle powers' Groupings of midsize ocean carriers linking strong regional networks with innovative services is one way those carriers can stay competitive in the deep-sea business, writes Jeremy Masters.
Enstructure takes first steps on new Delaware container terminal The North American terminal operator and stevedore is starting work on a long-delayed big-ship terminal along the Delaware River that would serve mid-Atlantic shippers.
Mid-size carriers can pool resources to create alliance of 'middle powers' Groupings of mid-sized ocean carriers linking strong regional networks with innovative services is one way those carriers can stay competitive in the deep-sea business, writes Jeremy Masters.
South America-US spot ocean rates climb on tighter capacity, frontloading Capacity on the trade lane fell when US tariffs were imposed last year, and now Brazilian shippers are trying to beat the clock ahead of a new round of duties scheduled to be implemented next month.
US Navy surveys market for one-year charter of Jones Act salvage vessel Exercise could result in extension of existing contract
Ships told to wait in line as IMO reveals Middle East evacuation plan UN shipping regulator releases details of gradual and controlled passage of vessels through the Strait of Hormuz
Josco linked to order for three container vessels at Chinese shipyard State-owned carrier said to have inked contract for what would be its largest boxships
Carnival Corp share-price plunge sheds $2.5bn in market cap in an hour Cruise giant unveils third-quarter outlook that is below expectations
Poland set to add second FSRU for incoming Gdansk terminal First under-construction regas unit, Solidarity, due on site in 2027
Seacor Marine shares surge as largest holder demands sale of company Activist investor claims New York-listed outfit is trading well below 50% of its net asset value
Goodbye peak season: Liner market driven by non-stop demand spikes Freight forwarder warns of fragmented demand waves as rates climb towards Red Sea crisis highs
Ukraine warns against plans to 'shield shadow fleet from scrutiny' It claims Russian warning over 'criminal' use of shipping data is a deflection tactic
As tankers trickle out of Middle East Gulf, Sinokor VLCCs start pushing in Shipping is adjusting cautiously to fragile ceasefire
Shipowner clubs hit with bigger bill over Baltimore disaster Reinsurer declined to pay unspecified share of $2.25bn settlement with US state of Maryland
Lloyd's Register pensioners go public with payment protest in London Class society's former workers demonstrate outside HQ on a scorching day in the UK capital
Fearnleys hires fund manager as it sees 'huge opportunities' for growth Maria Granlund joins Fearnley Asset Management from Alfred Berg
QatarEnergy pushes out additional LNG carrier for charter Producer has a wealth of logistics, options and hurdles to consider as its ships return to load Qatari cargoes
Dorian LPG orders newbuilding as freight rates soar John Hadjipateras-led company has fixed a third of its days for July at rates above $100,000
Euronext Athens sits on shipping listing 'pipeline' after Safe Bulkers debut European bourse operator hopes to build its new Greek subsidiary into a hub for shipping stocks
Eitzen-owned Christiania hit by higher costs as it renews chemical and LPG fleet Holding company's accounts show a loss, but strong cash flow
Asiatic Lloyd returns to midsize product tankers with triple newbuilding order HD Hyundai Philippines Shipyard in Subic Bay will construct the product tanker series
Maersk confirms Scott Elliott as Asia Pacific regional president Singapore-based executive steps up permanently after five-month interim stint at the helm
China readies second terminal to import more sanctioned Russian gas Longkou facility being lined up to boost volumes brought in from Arctic LNG 2 project
Solstad Maritime picks shipyard for its new joint venture construction vessel CIMC Raffles has been signed up to deliver ship in cooperation with SBM Offshore
Yasa Holding joins VLCC rush with debut newbuilding order Owner with three large tankers in operation places its first contract
Dubai's SPM Shipping breaks into LR tanker sector with German S&P raid Salamon tanker finds new owner in Middle East after 18-year stint
Ningbo Ocean seeks $160m for container ship expansion in South East Asia Chinese carrier cites regional growth prospects as Pacific trades face tariff pressures
Price disagreement triggers collapse of deal to sell K Shipbuilding South Korean consortium had been in talks to buy former STX Offshore yard
New Japanese venture inks three bulker deals at different domestic yards Sakura Ocean puts pen to paper on initial handysize orders
Taylor Maritime makes it 53 ship sales as proceeds approach $900m Fully owned vessel and joint venture unit offloaded as London-listed company cashes out from sector
Dubai's SPM Shipping breaks into LR tanker sector with German S&P raid Salamon tanker finds new owner in Middle East after 18-year stint
'Additional currency' and bigger deals: Andreas Sohmen-Pao on the power of capital markets Chair explains the role of the capital markets for BW Group and the potential for future listings
Ningbo Ocean seeks $161m for container ship expansion in Southeast Asia Chinese carrier cites regional growth prospects as Pacific trades face tariff pressures
Lila Global cashes in on strong bulker values with mid-vintage vessel sale Market sources have named Adnoc Logistics and Services as the buyer
JP Morgan-controlled operator scores US Navy charter deal worth up to $60m Deal marks the 17th charter contract since takeover by US banking giant
Seacon seals fresh bulker sale to complete hat trick of deals Castor Maritime is guaranteeing Belle Shipping bulker purchase
Shishi Yongyi orders newbuilding duo at Taizhou JianXing Chinese shipowners continue to show an appetite for mid-sized container tonnage
Rail, ocean access backs new Americold cold chain facility at eastern Canada port Americold Realty Trust, the U.S.-based specialist in temperature-controlled logistics, has opened an import-export hub at Port Saint John in New Brunswick, Canada. Developed in collaboration with Dubai port terminal operator DP World and Canadian Pacific Kansas City (NYSE: CP ), Americold (NYSE: COLD ) said the facility is the first of its kind with global reach to combine the Atlanta company's c
How carriers can scale with Goldman Sachs' 10,000 Small Businesses program For small trucking companies and owner-operators, the temptation to grow is ever constant. When rates start firming up in the freight cycle, capacity thins out and shippers call begging for trucks. The first instinct is often to add more assets. But as the trucking industry has painfully learned over successive cycles, scaling a business doesn't always make it stronger - it also multiplies its vu
World Cup theft shows how even small security failures can become big problems The theft of approximately $18,000 worth of equipment belonging to England's World Cup team is being treated as a sports story. It should also be treated as a logistics story. The theft was first reported June 13 after England discovered training equipment missing during the team's move from its pre-tournament base in Florida to its World Cup training site in Kansas City. Early reports indicated
Legislation targets 'loophole' on altering HOS records A pair of Republican members of the House of Representatives have introduced legislation in the Congress aimed at what they say is "a dangerous loophole" in federal regulations that can lead to ELD records being altered from outside the borders of the U.S.. Reps. Greg Steube of Florida and Dave Taylor of Ohio, the latter who is the chairman of the Congressional Trucking Caucus and a member of the
Fed monitoring of Teamsters, started in the 80's, is ending Federal government monitoring of the Teamsters, with a history that dates back to the final years of the Reagan administration, is coming to an end. The union announced last week that both the Teamsters and the U.S. Attorney for the Southern District of New York-a position generally seen as one of the most powerful U.S. Attorney's offices in the country-had "jointly filed a motion to amend the Fi
They Called It a Trap. A Factoring Company Agreed - Then Explained Why You're Using It Wrong Why This Argument Never Ends Go search "factoring" in any trucking group on Facebook. Doesn't matter which one. What you'll find looks less like a conversation and more like a street fight. One driver swears it kept his business alive through the freight recession. The driver next to him says it quietly ate his margins for two years before he figured out what was happening. And somewhere in the c
AI First: How Fura Grew 800% During Freight Slump | Logistics Summary View Transcript Fura's CEO Jeff D'Angelo sits down with FreightWaves to reveal how his AI-first brokerage achieved 800% growth in just three years, turning a $150K loss into $1M profit, all while operating in a challenging freight recession. Learn about their unique roll-up strategy, Fura, an AI-first freight brokerage, grew from $10 million to $90 million in revenue over three years by c
High-Stakes Freight Brokerage: Risk and Accountability Freight brokerage has become faster and more automated than ever before, but many shippers are finding that lower costs can come with higher risks. FreightWaves and Werner® surveyed professionals responsible for moving high-value and mission-critical freight. The results reveal widespread concerns around compliance failures, limited visibility, carrier performance issues, and a lack of accountabi
War's over, but ocean rates face raft of challenges While the United States and Iran continue to negotiate the terms of an agreement to end their hostilities and shipping slowly resumes through the Strait of Hormuz, the global container market can't seem to move on from the plethora of critical issues pushing up rates. Daily transits have collapsed from pre-conflict levels of around 100-130 vessels per day - mostly tankers - to single- or low-doub
Benchmark diesel price falls below $5 per gallon Oil prices are continuing their enormous decline on the gradual reopening of the Strait of Hormuz and other policy changes, with possible setbacks in those occurrences making little impact on the pace of the slide. The fall in futures prices led up to the release Tuesday, price effective Monday, of a decline in the weekly average retail diesel price published by the Department of Energy/Energy In
US revokes 20,000 visas for Mexican truckers as cabotage crackdown expands The U.S. has revoked work visas for approximately 20,000 Mexican truck drivers over the past year, according to Mexico's largest trucking association. The revocations arrive as the Trump administration says it continues a broad enforcement campaign targeting foreign commercial drivers operating in the U.S. Augusto Ramos Melo, president of Mexico's National Chamber of Freight Transportation (Canac
CSX officially opens $495M Baltimore intermodal rail tunnel project In Baltimore, CSX executives and a host of dignitaries inaugurated a $495-million rail tunnel project that's expected to boost intermodal container traffic at the city's port, and along the I-95 East Coast corridor. Maryland Governor Wes Moore was joined by state and local elected officials, rail and labor leaders at a ribbon-cutting ceremony at the newly reconstructed Howard Street Tunnel. It ma
Orderful's $35M Series C targets the service model that has defined EDI for decades Electronic Data Interchange (EDI) has run global trade for four decades, and the business model built around it has barely changed: charge companies a recurring fee to manage the complexity that no one ever bothered to engineer out of the system. "EDI has been broken for 40 years," said Erik Kiser, Orderful founder and CEO. "Not because the problem was unsolvable, but because no one was willing t
Cargo thieves are following the AI boom The rapid expansion of artificial intelligence infrastructure is creating a new class of high-value cargo targets. As technology companies invest billions of dollars into data centers and computing capacity, the supply chains supporting that growth are moving increasing quantities of copper, processors, networking equipment and memory modules. The same characteristics that make these commodities
PM Intervals are your lifecycle extension Every original equipment manufacturer publishes a preventive maintenance schedule for the commercial vehicles it produces. Freightliner has one. Peterbilt has one. Kenworth has one. International has one. The trailer manufacturers have them. The component manufacturers for brakes, axles, suspensions and drivelines have them. These schedules are not arbitrary. They are engineered from failure data
After a five-year wait, C.H. Robinson makes a broker acquisition At an investor conference in New York last month, C.H. Robinson CEO Dave Bozeman was asked whether the country's biggest 3PL was in the market for an acquisition, something that was not believed to have happened on his watch that began three years ago . Bozeman suggested at the time that the wait might be coming to an end. "We said we're going to be disciplined and measured," Bozeman said at the
Executives talk tech, port drayage and capacity on FreightWaves Today Port infrastructure and drayage optimization The drayage sector is experiencing a significant shift as coastal ports undergo major infrastructure expansions . Bo Bates, CEO of the Evans Network of Companies, said that optimizing chassis pools and accelerating gate-turn times are critical to maintaining fluid East Coast supply chains. During Monday's live show of FreightWaves Today, Bates said ca
UPS adds 27 cold transfer facilities for pharmaceutical shipping United Parcel Service has invested $48 million to open 27 temperature-controlled truck cross-dock facilities around the world to support rising demand from pharmaceutical manufacturers, medical labs and biotech companies for logistics service that maintains product integrity for temperature-sensitive products during transit. The new facilities are located in Europe, Asia and the Americas near key
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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