Everllence and Vale sign ethanol cooperation agreement Everllence and and Brazilian mining giant Vale have signed an agreement to cooperate on the development of ethanol as a marine fuel. Vale is one of the world's largest charterers of shipping
VIDEO: Grounded barge Defiant refloated and removed A saga we have been following since 265-foot fuel barge Defiant grounded off Puerto Rico on Feb. 9 looks to be coming to a successful conclusion. The unified command managing response efforts
WIMOs launches Tampa Bay chapter, announces inaugural port tour and mixer Women In Maritime Operations (WIMOs) Association is expanding its presence with the formation of a new Tampa Bay (Fla.) chapter, led by a group of local maritime professionals aimed at strengthening community,
WinGD ammonia-fueled two stroke completes TAT and FAT testing Swiss-headquartered engine developer WinGD has achieved a major milestone with the completion of both Type Approval Testing (TAT) and Factory Acceptance Testing (FAT) of a 52-centimeter bore ammonia-fueled X52DF-A-1.0 two-stroke engine. The
Arcosa sells its barge business to Wynnchurch Capital for $450M Dallas-headquartered Arcosa Inc. (NYSE: ACA) reports that it has entered into a definitive agreement to sell its barge business, Arcosa Marine Products Inc., to private equity firm Wynnchurch Capital L.P. for $450
GIT Coatings launches new XGIT-FORCE hard foul-release coating Dartmouth, Nova Scotia-based GIT Coatings has launched its next-generation graphene-base hard foul-release coating: XGIT-FORCE According to GIT Coatings, the new coating is engineered to unlock up to 10% fuel savings and provide
Power2X acquires HyCC to boost clean molecule projects Power2X has acquired Dutch green hydrogen developer HyCC . The deal strengthens Power2X's position in clean molecules and industrial decarbonization across the Netherlands and northwestern Europe. The acquisition brings scale and efficiency to Power2X's portfolio. HyCC's hydrogen and clean molecule projects in locations such as Amsterdam, Delfzijl and Rotterdam will benefit from expanded capabili
MACS extends MPP Liner Service MACS Maritime Carrier Shipping is extending its MPP Liner Service to include the port of Luanda. The service will feature regular and direct southbound sailings every fortnight. Transit Times and Schedule Luanda will serve as the first port of call after European loading, offering the following transit times: From Leixoes: 13-14 days From Antwerp: 18-19 days From Hamburg: 23-24 days The first sai
Suez Canal Authority oversees transit of heavy-lift giant HUA RUI LONG The Suez Canal Authority (SCA) has overseen the transit of the semi-submersible heavy-lift vessel HUA RUI LONG through the New Suez Canal as part of the south convoy. SCA Chairman and Managing Director Ossama Rabiee said the vessel is one of the largest heavy-lift ships in the world. It sailed through the Canal after passing Bab El-Mandab, en route from Singapore to Denmark. Built in 2022, the ve
Port of Halifax reports 2025 cargo results The Port of Halifax has released its 2025 results and cargo performance data, positioning itself as a strategic international gateway capable of handling the world's largest container ships. Despite global geopolitical pressures and shifting shipping alliances, the port maintained steady operations with a total of 8.6 million metric tonnes of cargo. Containerized Cargo and Global Connectivity Tot
Euroholdings reports strong Q4 recovery and record 2025 net income Euroholdings Ltd has released its financial results for the fourth quarter and full year ending December 31, 2025. Despite operating a smaller fleet than in the previous year, the company achieved a significant turnaround in profitability, driven by higher daily earning rates and strategic fleet management. Fourth Quarter 2025: Return to Profitability For the final quarter of 2025, Euroholdings r
COSCO ups involvement in Hamburg with planned takeover of Konrad Zippel The COSCO group is to acquire an 80% stake in German logistics provider Konrad Zippel, raising its presence in container activities in Hamburg after its 2023 purchase of a 24.99% stake in Hamburg port's Tollerort terminal. Germany's Federal Cartel Office has approved COSCO's proposed purchase of the stake in Konrad Zippel, although the potential deal still faces scrutiny from a national security
China's Zhi Fei achieves world-first fully unmanned container operation in Qingdao Following years of incremental testing and successful sea trials , the smart container vessel Zhi Fei has reached a definitive milestone in maritime history. On Saturday, the vessel completed the world's first full-process unmanned operation, successfully navigating, berthing, and handling cargo at an automated terminal in Qingdao Port without a single human hand on deck. China's first unmanned b
Matson reports solid Q4 2025 results and stable 2026 outlook Matson, Inc. has announced its financial results for the fourth quarter and full year 2025, showing a resilient performance despite a slight dip in consolidated revenue. The company reported a net income of $143.1 million for Q4 2025, up from $128.0 million in the same period last year, supported by stronger-than-expected performance in its China service. Financial performance highlights The four
Drewry Intra-Asia Container Index steady at $555/40ft Drewry's Intra-Asia Container Index (IACI) remained largely unchanged in the third week of February, dropping just $2 to $555 per 40ft container. The index is now 10% lower compared with the same week last year. The IACI is a weighted average of spot rates across 18 major intra-Asia trade routes. It covers key Northeast Asian markets (Japan, China, South Korea, Taiwan), Southeast Asia (Indonesia,
MPC Container Ships reports solid Q4 2025 results MPC Container Ships (MPCC) has released its fourth-quarter results for 2025, highlighting a robust financial position and significant forward earnings visibility. The company has secured a USD 2.0 billion charter backlog , covering 97% of its open days for 2026 . Q4 2025 Financial and Operational Performance Despite a slight decrease in total operating revenues compared to the previous year, the
Indian National Shipowners' Association joins International Chamber of Shipping The Indian National Shipowners' Association (INSA) has joined the International Chamber of Shipping (ICS) as a full member, strengthening India's representation within the global shipping industry. INSA represents Indian shipping companies and plays a key role in fleet development, maritime education and engagement with regulators at national and international level. Its accession increases India
Bureau Veritas posts 6.5% organic growth in 2025 Bureau Veritas reported sector-leading organic revenue growth of 6.5% for full-year 2025, alongside a marked improvement in profitability and a new €200 million share buyback programme. Revenue and profit growth The group generated revenue of €6.47 billion in 2025. Organic growth reached 6.5% for the year and 6.3% in the fourth quarter. Revenue increased 7.3% year-on-year at constant currency and
Ocean Network Express names Till Ole Barrelet as new CEO Ocean Network Express (ONE) has announced a significant leadership transition as it moves into its next phase of global growth. Till Ole Barrelet will join the company as CEO-designate on May 1, 2026, officially succeeding Jeremy Nixon as Chief Executive Officer on July 1, 2026. Following the handover, Nixon will remain with the company as a Senior Advisor. The transition marks the end of an era
SeaCube expands cold chain leadership with new executive appointments SeaCube Container Leasing is reinforcing its long-term growth strategy as an end-to-end provider of refrigerated equipment solutions. Through disciplined investment, strategic acquisitions, and targeted leadership appointments, the company is expanding its ability to deliver reliable, scalable, and sustainable cold chain solutions. In 2025, SeaCube became the largest global investor in refrigerat
Mitsubishi ships first ammonia fuel systems for marine engines Mitsubishi Shipbuilding Co., Ltd. has shipped the first ammonia fuel supply and gas abatement systems for marine engines, marking a key step in advancing ammonia-powered shipping. The company delivered an ammonia fuel supply system (AFSS) and an ammonia gas abatement system (AGAS) to Japan Engine Corporation (J-ENG). The systems will support J-ENG's ammonia-fueled marine engine, the 7UEC50LSJA-HP
PSA Antwerp adds 5 mega STS cranes at Europa Terminal PSA Antwerp has marked a major milestone in its Project Emerald modernization programme with the arrival of five new mega ship-to-shore (STS) cranes at Europa Terminal. Built to handle the world's largest container vessels, the cranes are the biggest STS units ever ordered for the Port of Antwerp-Bruges . Their arrival strengthens Europa Terminal's readiness for the next generation of ultra-large
IAG Cargo to handle Qatar Airways Cargo at Dublin Airport IAG Cargo has been appointed Ground Handling Agent for Qatar Airways Cargo at Dublin Airport , expanding its third-party handling operations. Under the agreement, IAG Cargo will manage all Qatar Airways Cargo ground handling activities in Dublin. The move strengthens operational alignment between the two carriers and consolidates handling under a single platform at the Irish gateway. The partners
Explainer: How Supreme Court ruling upends regional shipping order In a sweeping judicial decision that reverberates far beyond Central America's shores, Panama's Supreme Court has terminated the nearly three-decade control of two critical canal ports by Hong Kong-based CK Hutchison, clearing the path for Danish shipping giant Maersk to assume operations at chokepoints handling 6% of global maritime trade
Freightos Weekly Update: Uncertainty surges again as SCOTUS decides and Trump responds The much-anticipated US Supreme Court decision arrived on Friday, striking down the Trump administration's use of the International Emergency Economic Powers Act to enact tariffs. The president relied on IEEPA for most of last year's tariffs, including all the country-specific tariffs and the fentanyl-related duties imposed on China, Mexico and Canada. The move triggered a rapid response from the
Eldorado outbids Saipem in drillship sale Norwegian rig owner Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300m, after a last-minute higher bid derailed a previously announced deal with Italy's Saipem. The company had announced earlier this month that it planned to sell the 2014-built ultra-deepwater unit to Saipem for about $272.5m, ...
Eidesvik wins PSV extension from Aker BP Norwegian offshore vessel owner Eidesvik Offshore has secured a further contract extension from Aker BP for the platform supply vessel Viking Prince. The 2012-built PSV will remain on hire for about two more months, extending its current contract to the end of April. The latest award follows an extension agreed last November that kept the ...
Lloyd's Agency Network moves to Lloyd's List Intelligence Commercial insurance market Lloyd's will transfer management of the Lloyd's Agency Network to Lloyd's List Intelligence (LLI) from April, bringing one of shipping's longest-running portside information networks under the control of the maritime data provider. The move will see LLI take responsibility for the administration of the global network, including agent accreditation, quality standards an
Ammonia-fuelled engines edge toward service Swiss engine designer WinGD has completed what is said to be the first type approval and factory acceptance testing programme for an ammonia-fuelled two-stroke marine engine, moving ammonia propulsion closer to commercial use. The tests on the X52DF-A-1.0 engine were completed in January at the engine works of HD Hyundai Heavy Industries in South Korea. ...
Velesto bags jackup deal from Jadestone Energy Malaysia's Velesto Energy offshore drilling unit has won a contract for one of its jackup rigs from Singapore-based oil and gas player Jadestone Energy. The contract was awarded to the 2015-built Naga 8 jackup, which was hired for work on the East Belumut Phase 9 infill drilling project, off Peninsular Malaysia. The deal for the independent-leg cantilever ...
Marinakis spins out tanker arm for $345m Oslo raise Greece's Capital Tankers Corp, a tanker owner linked to Evangelos Marinakis-led Capital Maritime & Trading, is preparing to list in Oslo, backed by a large crude tanker orderbook and plans to raise up to about $345m. The Athens-based owner aims to raise the NOK equivalent of about $300m through the share sale, with a further ...
SeaBird bags more ocean-bottom node source work Marine seismic specialist SeaBird Exploration has won an extension for OBN source work in the Western Hemisphere. The initial contract for OBN work was signed in August last year, using the 2009-built survey vessel Fulmar Explorer. The vessel began operations in mid-September 2025 and was scheduled to last for three months. The initial deal also had nine ...
Trio to develop offshore wind marshalling port in South Korea Cyan Renewables, LX International, and Blue Water Shipping have signed a memorandum of understanding to collaborate on the development of an offshore wind marshalling port facility in Dangjin. The 200,000 sqm port facility includes 480 m of vessel berthing quay and a dedicated 14-metre-deep-water berth, designed to support next-generation offshore wind installation and support vessels. ...
Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight-year run One of the best-known names in container shipping is stepping back from his frontline role. Jeremy Nixon, who has been CEO of Japanese liner Ocean Network Express (ONE) since it was founded in 2018, will move aside at the start of July, with Till Ole Barrelet, formerly head of Emirates Shipping Line (ESL), taking over. ...
Nam Cheong wins $64.5m OSV newbuild deal after decade-long hiatus Malaysia-based offshore marine group Nam Cheong has secured shipbuilding contracts worth $64.5m for four offshore support vessels from a UAE-based energy maritime logistics company. This marks the company's first shipbuilding contract win in over a decade, as newbuild demand recovery gradually gains momentum. The contracts comprised two 60-metre dive support vessels (DSVs) and two 60-metre ...
China's Zhi Fei completes world-first end-to-end unmanned container operation at Qingdao China has taken another step toward fully autonomous shipping after the smart feeder vessel Zhi Fei completed an end-to-end unmanned call at Qingdao port, executing autonomous navigation, berthing, mooring and container handling with no human intervention. The 300 teu, battery-electric Zhi Fei - operated by Navigation Brilliance (Brinav) in partnership with Shandong Port Group - ...
RFOcean fixes methanol fuel deal European shipowner RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030. RFOcean has already ordered eight new diesel-electric, methanol-ready/fitted chemical tankers for European regional trades, making it one of the top five owners of methanol-capable vessels globally. "This isn't just about compliance, it's about competitive ...
Indian National Shipowners' Association joins the International Chamber of Shipping The Indian National Shipowners' Association (INSA) has become a full member of the International Chamber of Shipping (ICS), the latest sign of the world's most populous nation gearing up on the global maritime stage. Welcoming the announcement, Thomas Kazakos, ICS secretary-general, said: "India plays an increasingly important role in global shipping, not only through its ...
The chokepoint that shows whether we have learnt anything Wolfgang Lehmacher discusses the Strait of Gibraltar. The Strait of Gibraltar is treated as a passage, not a system. That view might be too limited. The 14-km gap between Spain and Morocco is emerging as a test of whether we can run a maritime chokepoint as a governed trade corridor rather than a strip of ...
Seafarer abandonment sparks radical policy push With seafarer abandonment figures at all-time highs and rising for many years in a row, concrete proposals to stamp out the scourge have been sent to Splash Extra. Seafarer abandonment hit record levels in 2025, according to new data compiled by the International Transport Workers' Federation (ITF), with 6,223 seafarers abandoned across 410 ships, the ...
SplashTech boots up In the Year of the Fire Horse we are launching two new products - Splash Singapore, a mega Asian shipowner gathering due on September 28, and SplashTech, our brand-new site dedicated to covering the transformation of shipping. Launched this week, SplashTech delivers all the key news shaping the future of shipping from across the world ...
February 2026 Review Hapag-Lloyd moved to acquire Israeli liner ZIM for $4.2bn in a mega transaction that will require plenty of approvals. ZIM employees have threatened to paralyse the company with strikes. A central feature of the structure is the creation of a separate Israeli liner, "New ZIM", to be formed by Tel Aviv-based private equity firm FIMI ...
The best February on record for VLCCs It has been another positive month for crude oil tankers as the geopolitical risk premium, including US interventions in Venezuela and possibly Iran, weigh on oil markets. The Baltic Dirty Tanker Index was up 14% over four weeks to February 20, at 1,787 points, levels not seen since January 2023 when everyone was getting excited ...
Dry bulk off to a flyer After the seasonal washout in the first fortnight of January, dry cargo freight markets have been making slow but steady progress over the last four weeks, with the BDI rising 18% to 2,043 points by February 20. The gains have been evenly spread with the capesize, panamax, supramax and handysize indices up 19%, 17%, 18% ...
Hapag-Lloyd steals the container headlines US containerised imports fell 6.8% year-on-year in January to 2.32m teu, while imports from China were down 22.7% year-on-year at 0.77m teu. Where they go from here is anyone's guess as the US Supreme Court struck out Donald Trump's piecemeal tariff regime as illegal. He responded by introducing a 10% universal import tariff under a ...
Analyst Abstract Tankers New York-listed tanker owner DHT Holdings secured another high-paying long-term charter this week, fixing one of its oldest VLCCs at a rate above $100,000 per day. The Svein Moxnes Harfjeld-led company sealed a one-year charter deal for the 2011-built DHT Redwood at $105,000 per day as spot rates in the extremely hot sector push ...
VLCCs hog the limelight The VLCC sweep up continues with Sinokor on a tear, buying supertankers on a scale never seen before. The 2013-built Eagle Varna has just fetched $86.5m with docking due - a lighter price against the 2013-built Agneta Pallas III which secured $90m a couple of weeks back, however that was scrubber fitted. Putting some perspective ...
Offshore hotspots in 2026 Offshore energy in 2026 looks set to be a mixed bag. Offshore oil and gas will deliver 65 high-impact wells in Africa and South America, just on par with last year, but offshore wind is poised to make a return to form after a rocky 2025. Last year was difficult for offshore wind, but not ...
Key Shipping Statistics
Why VLCCs are having another day in the sun Not many people ever get to physically see a VLCC, let alone go onboard one. Fly into Singapore and you may well catch a glimpse of a few of these leviathans of the sea at anchor. The sheer scale of what are the largest moving objects ever built by mankind never fails to impress. It ...
Breaking shipping's training silos Shipping faces mounting pressure to modernise while attracting and retaining talent, yet professional development remains fragmented. Matt Gilbert, founder and chief executive of open learning platform Yuni, says that gap prompted him to act. "I started Yuni because while I've seen examples of great programmes throughout my career, I also saw how fragmented systems are, ...
Are $200K-per-day VLCC rates just the beginning for this tanker rally? Crude tanker owners are raking in enormous sums of cash. Today's VLCC market boasts the most days in six figures...
US sanctions a dozen Iran-trading LPG and oil tankers ahead of nuclear talks The US sanctioned a dozen 'shadow fleet' vessels on Wednesday, with crucial nuclear talks between Washington and Tehran slated for...
Shadow tanker plausibly reverts to compliant trade after Venezuela loading If the ship has lifted oil under the US licence legitimately, then it shows shadow fleet vessels can come in...
NGOs sue EU Commission over green taxonomy Green groups are suing the European Commission over the EU Taxonomy's labelling of fossil-fuelled shipping and aviation as sustainable
London and Skuld join lengthening list of growing P&I clubs Multiple marine mutuals proclaim business wins
Chinese vehicle exports effectively absorbing newbuild flood but trade imbalance growing, says Höegh Autoliners China's rise as the leading global vehicle exporter is transforming deepsea car carrier markets. With a 21% increase in car...
Lloyd's List Intelligence expands reach with stewardship of Lloyd's Agency Network Lloyd's List Intelligence is set to assume control of the Lloyd's Agency Network, bringing its 250-strong global surveying operation into...
Sweden launches charm offensive as security fears drive push to reclaim tonnage Shipping is now firmly back on the government's agenda, Swedish shipowners say, partly thanks to Russia's invasion of Ukraine
The Daily View: Fuel for thought
Marinakis plots Oslo listing for new tanker vehicle Capital Tankers takes over a fleet of 30 VLCCs, suezmaxes and aframaxes from Greek shipowner's private group
ONE appoints new chief executive as it restructures its leadership Hot off the heels of a loss-making quarter, the container carrier must grapple with geopolitical headwinds to keep its full-year...
Daily Briefing Slow pace of tariff refunds could mute container shipping upside | Container front-loading rush unlikely as China opposes tariffs and...
WiseTech to cut nearly 30% of workforce as it preps for AI era The widely used freight forwarding software vendor said artificial intelligence is enabling it to reduce staff in roles that include programming, product development and customer service.
WiseTech says to cut nearly 30% of workforce as it preps for AI era The widely used freight forwarding software vendor said artificial intelligence is enabling it to reduce staff in roles that include programming, product development and customer service.
Jeremy Nixon to step down as ONE CEO after eight years at the helm Nixon, one of the most recognized executives in container shipping, led the transformation of legacy Japanese carriers K Line, MOL and NYK into a unified global company based in Singapore.
India-Europe spot rates climb on seasonal booking demand, tighter capacity Forwarders say reefer-centric Indian grape exports combined with sporadic vessel schedule disruptions have enabled carriers to adjust rates upward on the trade lane.
Sinokor swoops for second AET VLCC in $86.5m deal Tanker-hungry South Korean owner deepens February buying drive
Excelerate Energy expects to fix out a redelivering FSRU on improved rates Company's regasification newbuilding for Iraq moves into final commissioning
Dividend surprise: Star Bulk triples shareholder payout as earnings surge Shipowner reveals sale of kamsarmax and $100 share repurchase programme
Shipowners' dilemma: What to do with all the cash? Contrasting views at Marine Money Hamburg underline the strategic crossroads facing shipowners in 2026
Lyras bows out at London Club as it reports big boost to tonnage at renewal Greek shipowner John Lyras steps down after 30 years as chairman of the club's board
Green Seas: There are critical questions to answer about nuclear for shipping Is the industry changing its mind about atomic solutions?
Evangelos Marinakis spinning off private tanker fleet into new Oslo-listed giant Greek owner sets up Capital Tankers with plan to raise $345m towards newbuilding funding
Tor Olav Troim reveals strategic process underway to improve value of Golar LNG Floater specialist's chairman and CEO explain reasoning for not moving speculatively on next FLNG units
Aristides Pittas boxship outfit Euroseas eyes growth after near-record profit Robust freight markets and profitable sales drive net income to 13-year high
DIS hits tanker coverage target after raft of time charters Italian owner reveals three new MR contracts, plus a couple of extensions
Onboard carbon capture start-up Seabound targets green lime projects The system is being fitted for cement producer Heidelberg Materials on board a cement carrier owned by the Hartmann group
Broker Ifchor Galbraiths' residential shipping course going strong after 56 years Swiss-UK operation inviting industry players to gather for a two-week training programme this summer
$500bn global shipbuilding orderbook leaves two tiers of owners with very different financial power Global shipbuilding cycle increasingly mirrors super-boom years of the noughties
Capital Tankers listing pits Marinakis fleet against Fredriksen giant Oslo debut promises 'youngest, most technologically advanced' fleet, but is still overshadowed by Fredriksen's Frontline
Newbuilding boom drives profit at French class giant Bureau Veritas Marine & Offshore division posts profit margin of 23% for 2025
Golar LNG hangs fire on green-lighting fourth FLNG unit But company remains bullish on potential demand from the sector
Capital Tankers private placement 'tempting and attractive', says Nordea fund manager Marinakis spin-off is cheaper than Frontline, Robert Naess says
Shipowners' dilemma: What to do with all the cash? Contrasting views at Marine Money Hamburg underline the strategic crossroads facing shipowners in 2026
Sanctions up, exports steady: Shipping lessons from the fourth year of Russia's full-scale invasion Campaigners push for stepped up enforcement efforts to limit Russian revenues from oil exports
Capital Tankers IPO 'tempting and attractive', says Nordea fund manager Marinakis spinoff is cheaper than Frontline, Robert Naess says
Fred Olsen-owned Bonheur boosts earnings ahead of big Munich Re investment Norwegian holding company reduced costs in 'good' fourth quarter
Cape Shipping cashes in as asset play window opens for bulkers Andrianopoulos family firm shakes out its oldest dry cargo carrier amid pivot towards tankers
QatarEnergy awards construction contracts to boost its LNG production to 142 mtpa First exports from the final expansion phase expected in 2031
Shipowner Rye-Florentz secures e-methanol for his tanker fleet UK-based company has chemical carriers on order capable of using green fuel
Vale teams up with Everllence on ethanol fuelling Mining giant is developing a series of triple-fuel ore carriers that could use emerging fuel
Economou VLCC earns $262,000 per day as tanker market soars higher Brokers say tonnage remains tight in key markets
Evangelos Marinakis spinning off $5.1bn tanker fleet into new Oslo-listed giant Greek owner sets up Capital Tankers with plan to raise $345m towards newbuilding funding
Jeremy Nixon quits top job at liner giant ONE Former Emirates Shipping Line CEO lined up to take over
Hoegh Autoliners reaps rewards from Chinese exports as trade pattern appears structural Oslo car carrier player outperformed analyst expectations in the last quarter of 2025
Cheniere celebrates a 10th birthday and nearly 5,000 LNG export cargoes 'We are just getting started,' says chief Jack Fusco as he eyes 100 mtpa of production
Swiss trader and shipowner hires global head of freight from Norden Jonas Nissen will run freight operations from Denmark
Listed Latsis family entity plans to buy second tanker Euroholdings says it remains committed to becoming a leading product carrier company
Norwegian investor Galtung Dosvig sells $9m Klaveness Combination Carriers shares EGD, backed by the Dosvig family that has invested in shipping since the 1960s, cuts stake to 4.5% of share capital
Investment platform banks lucrative asset play with swift bulker flip Buyers in West and East drive ultramax values higher but targeting different age profiles
Norden period charter boss quits as desk staff reshuffled Jesper Andersen's departure leaves market wondering how Danish owner-operator will fix its 300 bulkers
Sinokor snaps up Wah Kwong VLCC in $70m deal Tanker-hungry South Korean buyer extends aggressive February tanker spree
Wah Kwong's Luigi Cafiero secures seat on Assarmatori board Hong Kong shipowner's CFO joins renewed "rebel" Italian shipowners' leadership team
Cypriot bunker supplier arrests Chinese financial lessor's only cruise ship Arrest made over unpaid bunker bill of $600,000 as Chinese demand for cruises to South Korea wanes
Sinokor locks in clean tanker earnings with two-year fixture to Union Maritime South Korean shipowner's growing influence is also being seen in the product carrier sector
Greek bunker supplier arrests Chinese financial lessor's only cruise ship Arrest made over unpaid bunker bill of $600,000 as Chinese demand for cruises to South Korea wanes
CSX CEO: Flat industrial gains holding back railroad freight growth CSX Chief Executive Steve Angel says it should be no surprise that railroads are struggling to grow their freight volumes. "When you look around the world, there really isn't much growth," Angel told an investor conference in his first detailed public remarks outside of earnings calls since becoming CEO in September. China is no longer a growth engine, Europe has never been a source of growth, an
UPS begins notifying delivery drivers about optional buyout program UPS has begun sending letters to about 105,000 package van drivers offering them voluntary severance packages worth $150,000, to resign, the company confirmed on Wednesday. A federal judge last week cleared the freight transportation giant to move ahead with buyout offers over objections from the Teamsters union. UPS ( NYSE: UPS ) has decided to reduce headcount by 30,000 this year as part of a n
WiseTech Global cutting 30% of workforce in AI restructure WiseTech Global, a maker of supply chain management software, plans to eliminate 2,000 jobs, or a third of its global workforce, in a two-year restructuring built around artificial intelligence. The Australian company ( WTC.AX ) announced the layoffs during an earnings call Wednesday. WiseTech produces trade logistics and supply chain management software, with some estimates that the company's C
Supreme Court rules against mail delivery lawsuits The U.S. Supreme Court in a 5-4 decision on Tuesday ruled that the U.S. Postal Service can't be held liable for intentional failure to deliver mail. Justice Clarence Thomas, writing for the majority , said that a law protecting the Postal Service from lawsuits over lost or mishandled mail prohibits lawsuits over mail that was intentionally misdelivered. Justice Sonia Sotomayor argued in a dissent
Intermodal rail makes weekly gain but trails 2025 traffic Freight on U.S. railroads totaled 507,712 carloads and intermodal units for the week ending Feb. 21, up 10.7% percent from the same week a year ago. Commodities came to 227,124 carloads, up 17.6% y/y, the Association of American Railroads said, while intermodal volume was 280,588 containers and trailers, an increase of 5.8%. Nine of the 10 carload commodity groups tracked by AAR were higher y/y,
Mexico freight stabilizes after cartel shock, but supply chains stay on alert Freight flows across western Mexico are beginning to normalize after several days of cartel-related violence disrupted highways, ports and manufacturing operations tied to U.S.-Mexico trade. A deadly military operation targeting the leadership of the Jalisco New Generation Cartel (CJNG) on Sunday triggered road blockades, temporary facility shutdowns and airport disruptions across parts of Jalisc
FedEx invests $250M for dedicated parcel hub at new Mumbai airport FedEx is investing about $250 million in the development of its own dedicated cargo processing facility at a new second airport in Mumbai, India. Developers broke ground last week on a cargo campus that will include a dedicated terminal for FedEx ( NYSE: FDX ), which has made a series of airport investments during the past year to boost the reach and efficiency of its air cargo network, according
Cold storage market working off oversupply Temperature-controlled warehouse operator Lineage said the market is shaking off the effects of excessive facility construction and post-pandemic inventory destocking. Management from the Novi, Michigan-based company said Wednesday that new cold storage space grew 14.5% from 2021 through 2025 while demand increased only 5%. With the market roughly 10% oversupplied, management sees fundamentals fi
After 2019 flood, Arkansas port gets $8M for rebuild An Arkansas river port will receive $8.1 million in federal funds to modernize and expand rail capacity after a destructive 2019 flood. The funding was secured through the passage of various appropriations packages. Five Rivers Distribution, which operates the port and neighboring Port of Van Buren, plans to build three, 30,000-square-foot warehouses to handle freight arriving by rail, according
BMO's quarterly earnings suggest truck credit might be improving Credit data for the transportation segment at Canada's BMO bank showed the first signs in several years of an improving trucking market in the quarter that ended at the close of January. The client base at the transportation segment of BMO-the former Bank of Montreal-is overwhelmingly oriented toward trucking. BMO's quarterly numbers for its transportation segment are considered strong indicators
Lessor ATSG quits Airbus A321 cargo conversion joint venture Air Transport Services Group, the world's largest lessor of freighter aircraft and a contract cargo airline for customers such as Amazon and DHL Express, has dissolved its joint venture converting Airbus A321 passenger aircraft to all-cargo configuration because demand for A321 freighters has collapsed. Beaverton, Oregon-based Erickson Group Ltd. announced on Tuesday that it had acquired full own
The legislative trucking tracker: What moved, what stalled Since our original legislative tracking piece went live on January 29, a fatal crash in Jay County, Indiana, killed four people and triggered an FMCSA investigation into a chameleon carrier network. That crash produced the first federal chameleon carrier bill in American history. The non-domiciled CDL final rule was published on February 13. FMCSA announced English-only CDL testing on February 20
Tariff volatility pushes global supply chains into regional reset in 2026 Genpact's global supply chain lead says tariff instability and geopolitical disruption are pushing companies deeper into supplier diversification and regional realignment in 2026 - trends that began during COVID but are now hardening into long-term structural change. In an interview with FreightWaves, Tanguy Caillet said most multinational shippers were better prepared for the current tariff envi
Bot Auto, Ryan Transportation partner on driverless freight between Houston and Dallas Autonomous trucking collaboration is expanding. Bot Auto announced Thursday a strategic partnership with Ryan Transportation to launch driverless autonomous freight operations. The Houston-based autonomous trucking and technology company and the Overland Park, Kansas-based top 20 freight brokerage will launch driverless autonomous freight operations between Houston and Dallas. The release notes t
Medeiros new CAO for Short Line Safety Institute The Short Line Safety Institute (SLSI) has promoted Jill Medeiros to Chief Administrative Officer. Reporting to Executive Director Tom Murta, Medeiros will be responsible for the rail organization's compliance with the Federal Code of Regulations, part 200 and the entire lifecycle of federal grant awards, from application to close-out. Medeiros will oversee day-to-day operations, financial report
Trump honors young truck crash victim in SOTU WASHINGTON - President Trump elevated lax enforcement of non-domiciled truckers to a new level by highlighting in his State of the Union address the story of Dalilah Coleman, a 5-year-old girl whose life was altered by a crash involving an illegal alien truck driver. The crash occurred in June 2024 in California when an illegal alien from India, Partap Singh, drove his truck into stopped traffic
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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