MARAD announces $488.6M of port infrastructure funding The U.S. Department of Transportation's Maritime Administration (MARAD) has issued a Notice of Funding Opportunity (NOFO) announcing the availability of $488,628,000 in Port Infrastructure Development Program (PIDP) funding. The funding will support
Israeli strike kills IRGC Navy commander Alireza Tangsiri The IDF (Israeli Defense Forces) said today that an Israeli Air Force precision strike in Bandar Abbas has eliminated IRGC Navy commander Alireza Tangsiri and intelligence chief Behnam Rezaei, key figures behind
Thordon Bearings makes two key appointments Thordon Bearings has announced two significant appointments to reinforce its commitment to meet growing demand for high performance, pollution-free seawater-lubricated bearings and seals in commercial shipping. Anthony Hamilton has been appointed VP
Magnet Defense begins production of first M48 USV Magnet Defense LLC, the Miami-headquartered company that acquired Metal Shark Boats in January, today announced that it is beginning production of its first deliverable M48 Unmanned Surface Vessel (USV), marking a milestone
USCG issues RFI for new HSC-L light icebreaker class As New Yorkers witnessed this January when ice disrupted ferry services, the Coast Guard doesn't only break ice in the Arctic. Accordingly, the service's program to modernize its icebreaker fleet includes a
Accelleron books its 10,000th order for A100-L/A200-L turbocharger series Baden, Switzerland-headquartered Accelleron has received its ten-thousandth order for its A100-L/A200-L turbocharger series. First introduced in 2009 and expanded in 2013, the low-speed turbocharger series has since become the most widely selected
Hapag-Lloyd updates PSS for Africa-bound cargo Hapag-Lloyd has announced a Peak Season Surcharge (PSS) update for shipments from Asia and Oceania to multiple ports across West and Central Africa. The surcharge will apply to cargo originating from China, Southeast Asia and South Korea to destinations including Angola, Congo, the Democratic Republic of Congo, Gabon, Cameroon, Namibia and several West African countries. In addition, a separate P
Kintetsu opens automated warehouse in Shanghai Free Trade Zone Kintetsu World Express has opened a new warehouse in the Shanghai Waigaoqiao Free Trade Zone through its subsidiary Shanghai Kintetsu Logistics Co., Ltd. The company relocated its head office and warehouse within the zone and started operations at the new facility on 4 March 2026 . An opening ceremony marked the launch. The warehouse features advanced automation, including automated forklifts and
Freightos Weekly Update: Air rates climbing again, as fuel costs rise The number of vessels transiting the Strait of Hormuz remains minimal, though it has increased in the last week as Iran announced it is allowing non-enemy vessels to pass. Container traffic to the Gulf States has found alternate but ultimately insufficient routes. Most carriers are relying on ports on the west coast of India as tranship hubs and shuttle services to accessible ports in Oman and th
Fincantieri reports record profit and order book in 2025 Fincantieri has reported record financial results for 2025 , with net profit reaching €117 million , more than four times higher than the previous year. Revenue rose 13% to €9.2 billion, while EBITDA increased 34% to €681 million. The EBITDA margin improved to 7.4% , up from 6.3% in 2024. The group also recorded strong commercial performance . Order intake reached a new high of €20.3 billion , dr
ONE enhances Singapore-Yangon shuttle with Thilawa terminal call Ocean Network Express (ONE) has announced an enhancement to its Singapore Myanmar Service (SMM), introducing a dedicated weekly call at Myanmar International Terminals Thilawa (MITT) starting from May 2026. The addition of the Thilawa call is aimed at strengthening connectivity between Myanmar and ONE's global network via Singapore, while supporting growing cargo demand in the region. Located nea
Sea-Intelligence: Operational stability in Asia-Europe networks In issue 757, Sunday Spotlight, Sea-Intelligence evaluated the operational nature of the Asia-Europe trade following the December 2023 shift to the Cape of Good Hope routing. Sea-Intelligence found that carrier networks have not reached operational equilibrium, leaving the market increasingly bifurcated by distinct transit time strategies and performance disparities. Figure 1 illustrates this str
The Hormuz crisis and the unravelling of shipping's operational floor The Hormuz crisis has moved through three structurally distinct phases, each of which has deepened the exposure of commercial shipping in ways the industry had not previously priced
ONE announced multiple service upgrades Ocean Network Express (ONE) has announced a series of service enhancements across its intra-Asia network, strengthening connectivity between Southeast Asian markets and improving supply chain efficiency. As part of the updates, the Thailand Indonesia 1 (TID1) service will undergo a revised port rotation, with Surabaya removed and replaced by Singapore and Ho Chi Minh City. The updated rotation wi
DP World marks container record at Dakar terminal DP World has handled its 10 millionth container at the Dakar Container Terminal, marking a significant operational milestone since the company assumed management of the facility in 2008. The achievement reflects a sustained transformation of the terminal over nearly two decades of investment and operational development. Since taking over in 2008, DP World has invested approximately US$ 340 millio
HHLA posts strong 2025 growth despite tax hit and market headwinds HHLA delivered solid operational growth in 2025 despite geopolitical tensions, Red Sea disruptions and US trade policy uncertainty. Group revenue rose 9.9% to €1.76 billion. EBIT climbed 19.5% to €160.5 million. Profit after tax collapsed to €9.8 million from €32.5 million in 2024. One-off tax effects, including impairments of deferred tax assets, caused the sharp drop. Container throughput grew
ZIM seeks executive bonuses as $4.2bn sale to Hapag-Lloyd and FIMI advances Zim seeks shareholder approval for a $924,000 bonus for CEO Eli Glickman, according to Calcalist. The bonus relates to its $4.2 billion acquisition by Hapag-Lloyd and Israeli private equity fund FIMI. Thirteen other executives could receive $5.4 million in bonuses. These are retention payments. They will be paid when the merger completes or after 15 months. Some payments may occur even if the dea
Yang Ming issues Middle East GS2 service deviation and operational update Yang Ming Marine Transport Corporation has announced operational adjustments for its GS2 service in response to the deteriorating security situation in the Middle East. The company said recent developments, particularly around the Strait of Hormuz and surrounding waters, have created significant safety risks following multiple attacks on commercial vessels. As a precautionary measure, Yang Ming c
CMA CGM offers access to NEOLINER ORIGIN transatlantic service CMA CGM has announced an enhancement to its transatlantic network by offering customers access to sailings operated by the wind-powered vessel NEOLINER ORIGIN. The move forms part of the company's strategy to expand low-carbon transport solutions while strengthening connections between France and North America. Through this initiative, customers will be able to access direct round-trip services l
Hapag-Lloyd publishes 2025 annual report Hapag-Lloyd has released its annual report for the 2025 fiscal year, reporting solid financial results despite a challenging market environment, and announced a proposed dividend of EUR 3.00 per share. The company recorded Group EBITDA of USD 3.6 billion and Group EBIT of USD 1.1 billion, while Group profit reached USD 1.0 billion. Although results were at the upper end of the company's guidance,
How Artur Chaykovskyy Is Bringing Greater Precision to Marine Petroleum Logistics and Onboard Blending In maritime transport, the most expensive problems are not always the most visible. A discrepancy in cargo figures, a miscalculated additive ratio, an overlooked variance during reconciliation, or a communication gap between vessel and terminal can quickly turn into commercial losses, off-specification product, operational inefficiencies, and costly disputes. For Artur Chaykovskyy , these are no
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CMA CGM applies PSS from China to West Africa CMA CGM has announced a new Peak Season Surcharge (PSS) on shipments from China to West Africa. The surcharge will apply from 27 March 2026 until further notice. For cargo from China to Côte d'Ivoire, Benin, Ghana, Togo and Equatorial Guinea, the PSS is set at USD 590 per TEU. For shipments to Nigeria, the surcharge will be USD 575 per TEU . The measure applies to all cargo types and is valid fo
CMA CGM sets new FAK Rates from Asia to North Europe from April CMA CGM has announced new Freight All Kinds (FAK) rates for shipments from Asia to North Europe. The new rates will apply from 1 April 2026 (loading date) until further notice. The carrier set rates at USD 2,000 per 20' container and USD 3,500 per 40' container , including 40' high cube and reefer units. The rates apply from all Asian ports, including Japan, Southeast Asia and Bangladesh. Destina
Maran Gas doubles down with fresh LNG carrier order Greece's Maran Gas Maritime has returned to South Korea's Hanwha Ocean with an order for two new LNG carriers. Shipbuilding sources say the Angelicoussis-controlled owner has booked a pair of 174,000 cu m vessels, with a combined price tag of about $505m. Delivery is lined up for May 2029. The latest deal keeps the Maria ...
BW and Scorpio back Cadeler's fresh capital raise for fleet growth Offshore wind vessel heavyweight Cadeler has raised around $203m in fresh equity as it lines up its next round of fleet expansion. The Copenhagen-based, Oslo- and New York-listed company said the private placement was priced above its five-day volume-weighted average, with strong backing from existing investors including BW Altor and Scorpio-linked interests. BW Altor, tied ...
Alba Tankers gets new owners Denmark's Alba Tankers has seen the change of ownership with fellow ship investment vehicle Zeaside Capital Partners taking control of the shortsea specialist as it looks to build a broader tanker business. The deal sees Zeaside partner with a group of Danish and international investors to take over Alba, which operates out of Denmark, Sweden ...
Israel claims top Iranian naval commander killed Israel has claimed it killed the head of Iran's Revolutionary Guard naval forces, a key figure behind recent threats and disruption to shipping through the Strait of Hormuz. Alireza Tangsiri, commander of the Islamic Revolutionary Guard Corps (IRGC) Navy, was reportedly killed in a strike in the southern port city of Bandar Abbas, according to ...
Retrofit market stalls as owners wait on rules Shipowners are holding back on engine retrofit decisions despite growing technical readiness, as uncertainty around decarbonisation rules continues to cloud investment plans. That's the key takeaway from British class society Lloyd's Register's latest engine retrofit report, which points to a widening gap between capability and commitment across the sector. While 2025 saw only limited growth ...
FLNG specialist Golar reviews future path Golar LNG has launched a strategic review that could open the door to a sale, merger or other deal, as the company looks to speed up growth in floating LNG. The Nasdaq-listed FLNG specialist said its board has started a formal process to evaluate strategic alternatives, with Goldman Sachs brought in as financial advisor. The ...
Gulf tensions force Arabian Drilling to suspend ops on some offshore rigs The largest onshore and offshore drilling company in Saudi Arabia by fleet size, Arabian Drilling, has suspended operations on several offshore rigs in the Gulf due to ongoing tensions in the Middle East. The company said the move was part of its established safety and operational protocols, with a focus on safeguarding personnel and assets. ...
d'Amico scores firm price for its oldest product tanker Italian product tanker owner d'Amico International Shipping (DIS) has sold one of the last non-eco vessels in its fleet, taking advantage of strong tanker markets to lock in a firm price. The Milan- and OTCQX-listed owner said its operating arm, d'Amico Tankers, has agreed to sell the 2012-built MR High Seas for $27.6m. The 51,678 ...
COSCO resumes Gulf bookings The container shipping industry's response to the fourth week of the Persian Gulf war shifted in a more optimistic direction on Wednesday as China's state-backed COSCO Shipping Lines announced the resumption of new booking services for ordinary freight containers from the Far East to the Middle East, effective immediately - reversing a suspension imposed on ...
Drone strike hits sanctioned tanker off Istanbul A suezmax tanker linked to Russia trade has been hit by a drone attack in the Black Sea near Istanbul, in the latest escalation affecting commercial shipping in the region. The 163,800 dwt Altura was struck around 15 nautical miles from the Bosphorus after departing Russia's Novorossiysk port, according to Turkish media. Initial reports indicate ...
Mark Offshore takes over management of research vessel Dutch-based Mark Offshore has been appointed as the commercial and operational manager of the 2014-built research vessel Mintis by Lithuania's Klaipeda University. Under the agreement, Mark Offshore will use the vessel in the renewable energy sector. The vessel is currently located in Klaipeda and available for client inspections. The Mintis is a 40-metre DP1 catamaran ...
Royal Navy prepares to board Russian shadow fleet vessels in UK waters Britain is finally on the verge of its first military boarding operations against Russian shadow fleet vessels, with prime minister Sir Keir Starmer approving the use of armed forces and law enforcement to intercept sanctioned ships transiting UK waters. Specialist military units including the Special Boat Service and Royal Marines have completed training for the ...
Registration opens for Splash Singapore Registration is now open for September 24's Splash Singapore, the inaugural edition of what is being billed as Asia's leading shipowner conference, taking place at the five-star Fairmont Hotel in the heart of Singapore's financial district. Built on eight editions of the Maritime CEO Forum Singapore and organised by the team behind shipping news site ...
Foresea lands $465m drillship deal with Petrobras Brazilian drilling contractor Foresea has been awarded a new contract with Petrobras for one of its drillships. Petrobras, the operator of the Mero Consortium, awarded the contract for the 2012-built ultra-deepwater drillship ODN I for a 1,443-day period offshore Brazil following a competitive tender process. The contract is expected to commence in early 2027, following ...
From radio silence to autonomy: Redefining offshore operations Anders Tysdal, chief infrastructure officer at Tampnet, writes for Splash today about the mounting pressure on offshore operators and how they are rethinking how offshore assets are connected, controlled and supported from shore. The digital shift is a result of three decades of infrastructure investment and technological progress that have fundamentally changed what is possible ...
The world is watching shipping - now what? Dustin Eno, a crisis communications consultant, on what near-record public attention on our industry means for how companies need to communicate right now. We know that shipping is in the spotlight at the moment. Friends and family who normally care very little about our industry suddenly have questions and show interest in what we do. ...
Houthis see no reason to 'prevent' Yanbu VLCC trade 'at present' The Houthis tell Lloyd's List that they are well aware of the booming tanker business out of Yanbu and 'there's...
Egypt unveils new Suez Canal hazardous waste service Contractor Antipollution Egypt to launch an 'end-to-end' service from April 15
Insurers still writing all marine classes in Gulf, IUMI insists But underwriters demand higher premiums and entitled to invoke contractual wriggle room
Iran shepherds friendly bulkers through Hormuz Tehran's grip on the Strait of Hormuz is evident in the way it can ensure bulkers calling at its ports...
Japan pitches another tax-free IMO carbon tax Japan has suggested removing the NZF's $100-per-tonne carbon price, meaning ships could trade compliance instead of paying into an IMO...
Middle East port update: Thursday, March 26 Traffic through the Strait of Hormuz continues to be severely disrupted and conditions may change at short notice
Newbuild contracts surge as boxships and tankers provide 1Q26 boom The boom in orders has been especially beneficial to China's shipbuilding sector, which has secured over 70% of all newbuildings...
Sanctioned tanker struck in the Black Sea while carrying Russian crude A sanctioned tanker carrying Russian crude was struck near the Bosporus, forcing the evacuation of its Turkish crew and prompting...
Panama-flag vessel detentions at Chinese ports could hit 100 in March as enforcement drive escalates China's crackdown on Panama-flagged ships is intensifying, with maritime enforcement becoming a visible front in a wider political dispute
The Daily View: Enter the petroyuan
UK and France preparing to seize shadow fleet ships The UK and France are launching coordinated operations to interdict and seize Russian 'shadow fleet' vessels, with the UK authorised...
Chaucer and Tokio Marine Kiln back new marine MGA Underwriting decisions informed by real-time data
Daily Briefing Tehran's 'toll booth' system is now controlling Hormuz traffic | VLCCs and product tankers rapidly migrating to Atlantic basin |...
War adding $40-$50 million per week to Hapag-Lloyd's costs: CEO Rolf Habben Jansen told reporters that most of the new costs were coming from rising bunker fuel prices, with other areas like insurance, container storage and inland transportation adding millions of dollars to weekly expenses.
Port of Savannah's container stevedore picks new president Gateway Terminals named Bryan Blalock as its next president after Georgia Ports hired the stevedore's current leader to be its next CEO.
War adding $40-$50 million each week to Hapag-Lloyd's costs: CEO Rolf Habben Jansen told reporters that most of the new costs were coming from rising bunker fuel prices, with other areas like insurance, container storage and inland transportation adding millions of dollars to weekly expenses.
Freightos to trim up to 15% of headcount amid AI adaptation process The announced cuts come one month after WiseTech Global said it would be laying off 30% of its workforce over the next two years, also in an AI-related move.
CMA CGM reorganizes India-Europe/Med network amid Middle East port woes The French liner is implementing changes to its Epic and Medex services due to operational complications caused by the war in the Persian Gulf.
Demand for direct Asia-Europe air cargo fills rerouted Middle East flights An estimated 30% of Asia-Europe air cargo is routed via the Middle East, so the sudden closure of airspace in the Persian Gulf has left forwarders scrambling for capacity on freighters and passenger aircraft out of Asia.
Trump says Iran allowed tankers to transit Hormuz as 'present' to America as deadline nears Peace offering came as a flotilla of amphibious assault assets are poised to arrive in the Middle East on Friday - the same day that the US has threatened to rain 'hell' on Iran if no deal is struck
Two sanctioned tankers perform U-turns after UK boarding threat Tankers reversed course as they headed towards English Channel with oil cargoes
Cargo and fuel to be removed from damaged Russian LNG carrier next week Russian flag state being asked to help with moving the abandoned vessel
Hapag-Lloyd still expects 'clean-cut' Zim deal by year-end, CEO says War may have lengthened the timeline, but not the fundamentals, Rolf Habben Jansen says
Lost Strait of Hormuz volumes unlikely to be replaced by Jones Act-waivered cargoes US will replace Middle East volumes with imports from other regions, though Scorpio Tankers has scored a deal
Death of seafarer crushed in ro-ro accident leads to renewed calls for UK code of practice Crew member was trapped during trailer manoeuvre
Bulkers run aground after Mississippi collision, says US Coast Guard No pollution reported after incident on Wednesday near New Orleans
Iran war costing Hapag-Lloyd $50m every week, CEO says Carrier has six ships trapped in the Persian Gulf
Klaveness Dry Bulk warns of 'value destruction' as Middle East disruption drags on Operator has five vessels waiting to deliver cargo in Gulf
Why are 110 certified Indian ship recycling yards frozen out by Brussels? The EU rules are failing to deliver real benefits where they are needed most, writes David Loosley
Damen Shipyards sees profit rise along with deliveries as legal cases linger Dutch group's shipbuilding and ship repair activities are growing
Diana versus Genco: How the dry bulk 'dogfight' could play out This week's Streetwise asks finance experts what is at stake - and who has the upper hand
Israel claims killing of Iranian commander who bombed and blocked the Strait of Hormuz Defence minister says Alireza Tangsiri was in charge of attacks around key waterway
Danish investor Zeaside Capital takes over shipowner Alba Tankers Shipping investor targets growth in shortsea chemical tanker segment
'Let's get out of here': Pilot's tug name mix-up led to costly collision with Samos Steamship tanker Aframax hit the side in California in October 2024, accident report reveals
Scorpio share price could hit $100 as new deals drive profit, says Clarksons Omar Nokta likes the look of big spot numbers revealed by owner
Drugs hidden in kitchenware cargo nabbed in UK port National Crime Agency says drugs found in holdalls
International coalition aimed at opening Strait of Hormuz comes together South Korea has been invited to attend a multinational meeting on restoring safe passage
CMA CGM's 'tax-free' investments in LNG container vessels showing quick returns Current fleet helps company stay EU ETS and FuelEU compliant and gains tax incentives
Long-haul product tanker trips to Asia still scarce despite marine fuel crunch BRS says risky economics deterring voyages from the US
Insurance merger set to grow with management takeover plan Clubs say they have submitted an offer to take over their private manager
Maersk defeats action by activist shareholders over shipment of Israeli fighter jet parts Danish container line giant's investors vote down proposals for more oversight
UK to start boarding Russian shadow tankers after PM Starmer gives green light Military has been training for weeks to deal with armed guards on Russian shadow fleet tankers
Crude tanker taking on water after being hit by drone in Black Sea Suezmax vessel was sanctioned by the EU and the UK
VLCC rates under pressure as brokers question Iran peace talks optimism Tanker players now see alternative Middle East loading ports as less risky
Hapag-Lloyd issues profit warning with operating loss in store as war hits market Line braces for deep earnings drop with Zim takeover still in the works
Iran mulls giving South Korean ships a Strait of Hormuz 'pass' South Korea has the second-largest fleet of countries Iran has named that can transit the Strait of Hormuz
VLGC newbuilding interest ticks up amid Middle East conflict fallout Several owners named as pencilling in slots at South Korean yards but demand is baffling brokers
Golden Energy Offshore posts loss as rates collapse in 'most challenging' downturn Owner sees continued market volatility through the winter and spring
Sanctioned tanker at heart of landmark India-Iran gas deal The Aurora was originally heading for China until sanctions were temporarily dropped
BW and Scorpio pump cash into Cadeler as it eyes $800m newbuilding spree Private placement will help fund first new wind turbine ships since 2024
Tor Olav Troim calls in Goldman Sachs for strategic review at Golar LNG Company will evaluate potential sale, merger or other business combination
Iran: Dozens of merchant ships sunk and seafarers killed in US air strikes Tehran reports that bulkers, container ships and fishing boats have been lost
Drone hits sanctioned suezmax tanker off Turkey after Russian port call Authorities believe submarine drone hit a Turkish-managed ship that was blacklisted by the EU and the UK
Sanctioned suezmax reportedly hit by drone off Turkey after Russian port call Turkish-managed ship was blacklisted by the EU and the UK just months ago
Iran seeks to formalise Hormuz transit tolls with new bill Draft law targets tolls on vessels transiting strategic waterway
China Merchants Energy finalising order for 10 VLCC newbuildings DSIC is expected to deliver tankers between 2028 and 2030
$488 million in port grants offered by Marad The U.S. Department of Transportation's Maritime Administration announced $488,628,000 in funding to help support port projects and streamline supply chain movements. The Port Infrastructure Development Program funding will support projects, the agency said, to improve ports' ability to load and unload goods; modernize ports' infrastructure and operations; and support American seafood businesses.
New bill aims to roll back diesel truck emissions mandates Federal emissions rules for diesel trucks are back in the political spotlight after Rep. Mike Collins (R-Georgia) introduced a bill that would strip Environmental Protection Agency authority over truck emissions, a move that could reshape truck prices, fleet replacement cycles and freight costs. Collins said the bill is aimed at stopping what he described as federal overreach by the Environmental
Warehouses face $100K-hour downtime risk as cloud outages mount In the world of warehousing, cloud computing has been a boon - except when an outage hits. According to Synergy Logistics, the maker of SnapFulfil warehouse management system (WMS), 84 percent of organizations have experienced at least one significant disruption over the past 24 months. That's according to the compan y 's report titled "Warehouse Resilience & Downtime: A Research Report on Cloud
Hapag-Lloyd profits tumbled in 2025 despite carrying more cargo Hapag-Lloyd reported solid growth in container volumes in 2025 that were offset by tumbling profits on weaker ocean shipping rates and higher costs. The world's fifth-largest carrier forecast potential losses in a challenging 2026 as geopolitics and industry-wide capacity issues threaten volatile rates. Liner shipping revenues in 2025 increased to $20.6 billion from $20.3 billion the previous yea
Back to the future: New wind-powered ship joins trans-Atlantic service In a maritime version of "Back to the Future," a wind-powered cargo vessel is taking to the seas in commercial trans-Atlantic service. CMA CGM is deploying the sail-equipped Neoliner Origin in a round-trip rotation from Montoir, France to Baltimore in the U.S., and Halifax, Canada. The Marseilles-based carrier says the con-ro diesel-wind hybrid ship provides an environmentally-friendly option for
New UPS distribution center in Taiwan doubles capacity, productivity United Parcel Service on Wednesday unveiled its largest and most advanced logistics center in Asia Pacific, a nearly $100 million investment that demonstrates the company's continued investment in critical infrastructure even as it downsizes its shipping network and reduces overall capital expenditures. The 872,000-square foot automated distribution center in Taiwan more than doubles UPS's wareho
AXN expands Kentucky axle plant targeting heavy-duty truck OEMs AXN Automotive Systems has completed an expansion of its manufacturing facility in Louisville, Kentucky, as the parts supplier grows its U.S. footprint and North American customer base. The plant currently employs about 55 workers and is expected to grow to around 100 employees once fully staffed and produce up to 100,000 axles annually. The facility produces axles for dry van, refrigerated and f
Cold storage trough in sight as vacancies hit 20-year high The U.S. cold storage market may be nearing the end of a downturn, which was triggered by a record surge in new facility construction and slowing consumer spending. As a result of pandemic-fueled overbuilding and declining food inventory trends, vacancy rates have climbed to a 20-year high. Despite these headwinds, the market recorded roughly 3.5 million square feet of positive absorption in 2025
Chick-fil-A to build $50M distribution hub in West Texas Chick-fil-A plans to invest $50 million to build a distribution center in Lubbock, Texas, as the fast food restaurant company continues expanding its in-house logistics network to support its growing restaurant footprint. Construction on the tri-temperature facility is expected to begin in May, with the site designed to store and distribute food and related products in freezer, refrigerated and d
Imports fall 14.5% y/y at Port of Oakland The Port of Oakland processed 163,254 twenty foot equivalent units (TEUs) in February, down 16.7% from January and 14.5% year-over- year. The northern California hub said vessel calls declined from 86 in January to 72 in February, due partially to planned blank sailings during Lunar New Year. Changing trade patterns have also seen carriers shift more U.S. imports to hubs in Mexico and Canada, whe
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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