VIDEO: HII to build four more ROMULUS USVs at Breaux Brothers HII (NYSE: HII) today announced plans for the production of four ROMULUS 151 unmanned surface vessels at the Breaux Brothers Enterprises shipyard in Louisiana in addition to the ROMULUS 151 currently under
UK Dredging signs contract with Damen for advanced new TSHD Damen Shipyards Group and Associated British Ports (ABP), the U.K.'s largest port operator, have signed a contract for the construction of a new trailing suction hopper dredge (TSHD) The agreement was concluded
Trump extends Jones Act waiver by 90 days In a post on X, White House assistant press secretary Taylor Rogers confirmed that President Trump has extended the 60-day waiver of the Jones Act that he signed on March 18 by
Birdon America and Mythos AI partner to pursue Navy MUSV opportunities Birdon America has signed a memorandum of understanding with West Palm Beach, Fla.-based Mythos AI that will see the companies collaborate on the development and pursuit of Medium Unmanned Surface Vessel (MUSV)
Port of Antwerp-Bruges first quarter throughput declines The Port of Antwerp-Bruges handled 65.5 million tonnes of maritime cargo in the first quarter of 2026, a 3.2% decrease compared to the same period in 2025. The result reflects a combination of adverse weather conditions, industrial action, geopolitical tensions and structural weakness in European industrial output. After a difficult January and February, volumes recovered in March, underscoring t
Bolloré reports Q1 revenue growth driven by energy segment Bolloré Group reported revenue of €815 million in the first quarter of 2026. This marks a 6.5% increase at constant scope and exchange rates and a 4.3% rise on a reported basis. Bolloré Energy led the growth. Revenue reached €731 million, up 7.9%. Higher oil prices, linked to tensions in the Middle East, supported performance despite slightly lower volumes. The Industry segment declined. Revenue
Cavotec reports strong order intake but weaker Q1 financial performance Cavotec reported a sharp increase in order intake in the first quarter of 2026, but revenue and profitability declined following weaker market conditions in 2025. Order intake more than doubled, rising 109% to €59.7 million, driven by strong demand in the Ports & Maritime segment. Order backlog also increased by 30% to €151.1 million, reflecting improved commercial momentum. Despite this, revenue
AD Ports Group completes warehouse sale to Aldar AD Ports Group has completed the sale of three warehouses in KEZAD Logistics Park in Abu Dhabi to Aldar for AED 650 million, equivalent to US$ 177 million. The transaction encompasses a total leasable area of 161,000 square metres and represents the second warehouse asset sale between the two companies, following Aldar's acquisition of two built-to-suit warehouses from AD Ports Group in November
What if a US-Iran 'Joint Venture' emerges: Four trajectories for global shipping When Donald Trump suggested to ABC News that the United States and Iran were 'thinking of doing it as a joint venture' on Strait of Hormuz tolls, the remark was characteristically loose a trial balloon, not a policy framework
Kuehne+Nagel Q1 2026 profit beats forecast on cost cuts, strong logistics growth Kuehne+Nagel reported stronger-than-expected results for the first quarter of 2026, supported by cost reductions and solid performance across most business units. The group posted net turnover of CHF 5.6 billion, EBIT of CHF 343 million, and earnings of CHF 248 million. The conversion rate reached 16%. Cost-saving measures introduced in October 2025 reduced unit costs and boosted profitability. C
Hapag-Lloyd introduces emergency operations charge for feeder services in Middle East Hapag-Lloyd has announced the introduction of an Emergency Operations Charge (EOO/EOD) in response to rising operational costs linked to third-party feeder services in the Middle East. The move follows continued geopolitical developments in the region, which have driven a sharp increase in fuel prices and, in turn, higher costs from external feeder service providers. While the previously implemen
ZIM announces CFO transition ZIM Integrated Shipping Services has announced a leadership transition in its finance function, with Chief Financial Officer Xavier Destriau set to step down from his role. The company confirmed that Destriau will remain in his position during a six-month notice period to ensure a smooth and orderly transition. Following his departure, Sami Jubran will assume the role of Chief Financial Officer,
X-Press Feeders and partners launch South China-Java service X-Press Feeders has announced the launch of a new intra-Asia service, the South China Java X-Press (SCJX), aimed at strengthening connectivity between Central China and the Indonesian island of Java. The service will be operated in partnership with Gold Star Line, which will market the route under the name South China Indonesia Express (SIX). OOCL will also participate in the service through a sl
Why San Diego Companies Are Choosing Contract Warehouse Space Over New Leases San Diego County's industrial vacancy rate has spent the last several years near the bottom of any major U.S. metro. Asking rents for warehouse and distribution space have climbed accordingly. For companies that need 10,000 to 50,000 square feet of operational warehouse space, the math on a new direct lease is harder to justify than it was five years ago. The typical industrial lease in San Diego
Evergreen and PIL to launch new Far East-South Africa service Evergreen and Pacific International Lines (PIL) are set to launch a new Far East-South Africa Express (SAF) service by the end of June, strengthening connectivity between Asia and the African continent. The new service will be operated with a fleet of nine vessels, each with a capacity of approximately 5,500 TEU, aiming to provide enhanced frequency and reliability across the trade lane. The SAF
M/MARITIME enters feeder container segment M/MARITIME has announced its entry into the feeder container market through the signing of two newbuilding vessels, marking a strategic expansion of its fleet portfolio. The company has placed an order for two 2,800 TEU container vessels at HD Hyundai Heavy Industries (HHI) in South Korea, a shipyard widely recognised for high-specification shipbuilding. The move reflects M/MARITIME's continued f
The three-pillar paradox of USA's maritime revival strategy Washington's maritime revival strategy is correctly framed, geopolitically urgent and structurally outpaced by the competition it is designed to counter
ID Logistics posts 17.2% like-for-like revenue growth in Q1 2026 ID Logistics kicked off 2026 strongly. The French contract logistics group posted Q1 revenues of €990.7 million, up 14.2% year-on-year. Strip out the currency drag from the US dollar and growth reaches 17.2% on a like-for-like basis. North America led the charge, surging 40.6% to €203.2 million. Europe excluding France gained 17.3% to €474.4 million, with Germany, the UK and Spain driving the gai
Hambantota International Port sets record with Mediterranean Shipping Company Vessel Call Hambantota International Port (HIP) has set a new container handling record with the vessel MSC Marie Leslie . The milestone highlights the port's growing role as a regional hub. The ship, operated by Mediterranean Shipping Company , called at the port from April 11 to 15, 2026. During this time, HIP completed 7,968 container moves. Total volume reached 13,260 TEUs, the highest ever for a single
Mitsubishi Heavy Industries secures ClassNK approval for LNG Methane Reduction System Mitsubishi Heavy Industries subsidiaries MHI Marine Machinery & Equipment and Mitsubishi Shipbuilding have received Approval in Principle (AiP) from ClassNK for a methane oxidation catalyst system designed for LNG-fueled ships. The system targets methane slip in engine exhaust gas. Methane is a powerful greenhouse gas, so reducing it can significantly cut emissions. The companies developed the sy
Splash Wrap: Why the Hormuz conflict is a world war The Hormuz shipping crisis led coverage all week, with Splash carrying reports on the conflict's effects on fertiliser, sulphur and seafarers. "De-escalation, meaningful actions and restoring the freedom of navigation is the only way forward," urged Arsenio Dominguez, the head of the International Maritime Organization, amid the deteriorating security situation in the region. The Panama ...
TEN extends shuttle tanker deals into next decade Greece's Tsakos Energy Navigation (TEN) has secured long-term employment for two shuttle tankers, extending their charters for up to five years each and reinforcing its position in the offshore loading segment. The New York-listed owner said the extensions will run in direct continuation of the current contracts, which began upon delivery of the vessels in ...
Union Maritime expands offshore footprint with new joint venture Laurent Cadji-led shipowner Union Maritime has expanded its offshore presence by forming a new joint venture with Vega Maritime. According to Union Maritime, the joint venture, named Union Vega Offshore (UVO), was established to drive growth in the offshore sector across West Africa and South America. The joint venture will be led by the CEO ...
Can the Net Zero Framework be saved? Splash's MEPC curtain-raiser One of shipping's most consequential regulatory gatherings gets underway in London on Monday, with the future of the world's first global carbon pricing mechanism on any industry hanging in the balance. The 84th session of the Marine Environment Protection Committee (MEPC) runs from April 27 to May 1 at IMO headquarters, and the stakes could ...
Helix-Hornbeck merger creates deepwater services heavyweight Houston-based offshore energy services company Helix Energy Solutions has entered into a definitive agreement to merge with compatriot offshore vessel owner Hornbeck Offshore Services in an all-stock transaction. Upon closing of the transaction, Hornbeck shareholders will own approximately 55%, and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. ...
dship Carriers and NSB launch MPP management platform German MPP specialist dship Carriers and shipmanager NSB Group have teamed up to launch a dedicated joint venture aimed at managing a new series of multipurpose vessels, as owners continue to sharpen focus on specialised tonnage. The new entity, Hinode Shipmanagement, will be based in Buxtehude and is set up to oversee dship's next generation ...
Mumbai owner's MR splurge keeps brokers busy Mumbai-based Seven Islands Shipping's appetite for MR tankers continues to turn heads, with fresh deals underlining an aggressive expansion drive amid India's rising energy demand. The company has emerged as one of the most active buyers in the product tanker space, snapping up 11 vessels since the start of 2025, according to sales registers; nine ...
Panama Canal prices take flight on Iran butterfly effect The Panama Canal has recorded a significant rise in vessel transits and tonnage in the first half of its 2026 fiscal year, with demand for its reservation system climbing sharply amid heightened global trade activity - and some ships paying more than a million dollars for last-minute crossing slots, in yet another butterfly effect from ...
Geneva Dry Dialogues: Devbulk Hakki Deval has spent more than two decades in dry bulk shipping, from his student days at Solent University to leading Istanbul-based Devbulk as managing director and CEO. A former Turkish Navy lieutenant, two-term International Chamber of Shipping boardmember and Baltic Exchange stalwart, he brings a measured, experience-hardened perspective to markets that rarely sit still. ...
Greek bulker player M/Maritime crosses into boxship sector with Korean newbuilds Greek owner M/Maritime is branching into container shipping, placing its first feeder boxship order while continuing to build out its dry bulk base. The company has signed for two 2,800 teu newbuildings at HD Hyundai Heavy Industries, with deliveries expected from early 2028. The vessels will be built to the yard's eco-focused CON-GREEN design and ...
Global container lines have over 40 boxships still marooned by Hormuz fallout The disruption has extended to boxship tonnage providers, as around one third of all containerships stuck in Middle East Gulf...
Genco discussed merger with Diana back in 2024, new filing reveals Chief executive John Wobensmith approached Diana's then co-chief financial officer about a potential deal at a conference, a securities filing...
Does dry bulk even need a global carbon price? Can key users of dry bulk shipping drag the sector along its decarbonisation journey by demanding more from the vessels...
Hormuz crisis could splinter green fuel transition into regional 'patchwork' The Hormuz crisis could reshape the energy transition into a regional patchwork, where security trumps sustainability and green ambitions collide...
Indonesia says it has no plan to toll Malacca Strait Fears over a hypothetical toll booth in Malacca underscores the highly uncertain outlook for global trade amid Hormuz crisis
Middle East port update: Friday, April 24 Ruwais and Abu Dhabi petroleum ports are operational. Ruwais PPA (ISPS Level 2) and Abu Dhabi Ports (ISPS Level 1)
Marine insurance will survive the Hormuz crisis - some marine insurers may not Underwriters routinely model one-in-200-year Realistic Disaster Scenarios. But what counts as 'realistic' in troubled times?
EU confirms 20th sanctions package - without maritime services ban A ban on maritime services had been confirmed by the European Commission, but was not endorsed by all member states
The Daily View: Make the IMO boring again
Daily Briefing Further IMO delay a 'worst-case scenario' for liner companies, warns WSC's Simon Bergulf | Baltic Exchange decides against suspending Middle...
Tariff escalation led to enforcement gaps in Mexico rerouted goods: report New research from software vendor Altana found that some of the declining China-US trade flows last year morphed into complex, multi-leg supply chains routed through Mexico to qualify for USMCA treatment and thus avoid billions in tariffs.
China-US tariff escalation led to enforcement gaps in Mexico rerouted goods: report New research from software vendor Altana found that some of the declining China-US trade flows last year morphed into complex, multi-leg supply chains routed through Mexico to qualify for USMCA treatment and thus avoid billions in tariffs.
K+N develops new ocean markets, air freight measures to offset war impact The Iran conflict, which began late in the first quarter, had little impact on the forwarder's Q1 business, accounting for just a 1.5% decline in ocean freight volumes.
Customs designation triggers QSL terminal project in Quebec City The Port of Quebec received clearance from Canada's customs authority to handle and inspect international containers, part of the country's long-term pivot away from trade with the US.
US truckload rate hikes to grow more aggressive: Knight-Swift A "clean-up effort" against unsafe and illegal trucking firms is cutting enough capacity to spur even bigger rate hikes, the company's CEO says.
Landside infrastructure is container shipping's next great chokepoint The current pipeline of newbuilding programs for ultra-large container vessels vastly outstrips the construction of new berths intended to receive them, meaning we are, quite literally, building a fleet for which there may soon be no room at the inn, writes Robbert van Trooijen.
Breakbulk26: War-related financial, schedule shocks ahead for energy projects While there have been some schedule changes for multipurpose vessels, reliability is still sufficient only because the shock hasn't gotten through the system yet - and conditions will likely worsen from there, conference attendees were told.
Diana Shipping blasts Genco for failing to set date for shareholders meeting Greek shipowner claims Genco management 'systematically manipulating every tool available to further entrench itself'
Dajin confirms debut newcastlemax orders from Greece and Norway Contracts worth $591m mark Dajin Heavy Industry's debut in the newcastlemax newbuilding sector
Wavelength podcast: Shipping figures talk carbon cuts in Singapore This week's episode also explores continuing safety concerns for ships in the Gulf - and the artist who makes art about shipping and finance
Jefferies steps back into shipping research game with seven names Stephanie Moore steps in as lead analyst with bullish outlook on tankers and caution on container ships
EU blacklists Russian 'shadow fleet security firm' Moran Security Group was described by EU as specialist in protecting ships from piracy
Greece's Vernicos brothers step up tanker play and boost tug orderbook Siblings buy out partner in modern MR tanker and sign up more newbuildings for their Med Tugs consortium
Gulf oil output to recover within months of Strait of Hormuz reopening, says Goldman Sachs Investment bank believes the Middle East market could return to normal relatively quickly
Wobensmith in line for $10m payday if removed in Diana Shipping takeover Genco Shipping chairman and CEO earned overall compensation of nearly $4m last year
Container shipping remains paralysed in Middle East Gulf as MSC seizures ramp up tensions Lines pull back from Strait of Hormuz gauntlet after Iranian attacks
Clarksons shuffles product tanker assessments as Middle East war rages on With Strait of Hormuz effectively closed, LR2 and LR1 earnings are being calculated from Fujairah
GasLog Partners sells off last steam turbine LNG carrier Mystery buyer for 20-year-old ship still to emerge
Tables turned: Genco Shipping initiated consolidation approach to Diana in 2024 Greek owner sought shares for ships, chairwoman's role and technical management deal, new proxy filing reveals.
Micro-cap Harry Vafias company lines up latest share reduction as price plunges 90% C3is has carried out four previous stock splits
First stage of EU ban on Russian LNG kicks in tomorrow amid global disruption Embargo on spot and near-term supply begins as IEA warns of tight market for LNG up to 2028
Nicolas Tirogalas takes over at Tufton as founder Ted Kalborg retires Long-term succession plan carried out as shipowner enters 'expansionist' fifth decade
Enesel seals capesize bulker comeback with two-ship order Hengli Heavy Industry is scheduled to deliver the 181,000-dwt newbuildings in the third quarter of 2027
Shipowners face major pooling losses after EU gets its sums wrong Ice-class methodology error reported by pooling firm Ahti
Damaged LNG carrier Arctic Metagaz breaks free again off Libyan coast Authorities continue passing hot potato problem of the wreck around
Indonesian minister floats idea of tolls in the Strait of Malacca Politician Purbaya Yudhi Sadewa's comments may have 'half-joking' and he admitted a levy would not be possible
Dajin confirms debut newcastlemax orders from Greece and Norway Contracts worth $591m mark Dajin Heavy Industry's debut in the newcastlemax newbuilding sector
Zim finance chief heads for exit as Hapag-Lloyd merger looms Chief financial officer Xavier Destriau follows his boss by stepping down
SSY: Record newbuilding wave can be absorbed in offshore construction Newbuildings are expected to swell the fleet by 30% in the coming years
From ship spotting to ship fixing: BGN's Ozan Turgut explains his maritime passion Turkish-owned trader's shipping supremo got into the business by knocking on doors in Istanbul
US-sanctioned VLCC probes increasingly rare Strait of Hormuz passage Last AIS update shows the tanker stopped past Larak Island off Iranian coast
Greek owner sues over unpaid engine room fire claim Repairs cost more than value of product tanker after 2023 blaze
'Anyone who says they know is a liar': Shipping's Red Sea intelligence blind spot Uncertainty dominates as Houthis retain flexibility over escalation
John Bassadone pushes into new tanker segment with $65m Scorpio deal Just as he completes three decades in the business, Peninsuala is said to be buying his biggest tanker yet
Oversupply fears see John Fredriksen-backed Flex LNG downgraded by DNB The target price has been lowered to $24 after its stock surged
'Anyone who says they know is a liar': Shipping's Red Sea intelligence blind spot Uncertainty dominates as Houthis retain flexibility over escalation
Taylor Maritime handing back $30m to shareholders in fleet sell-off UK-listed owner says payouts since IPO total $317m
Don't pay the penalty: FuelEU non-compliance costs will hurt EU rules are pushing owners to use biofuels, argues Zero44 founder Frederike Hesse
X-Press Feeders and XT Shipping team up on suezmax tanker newbuildings Two companies to jointly order up to six 157,000-dwt crude tankers
'Crazy cash flow': Hormuz crisis sharpens investor focus on tankers, says DNB DNB investment banking chief sees increased interest from general investors
Tsakos Energy Navigation charter book hits $4bn with shuttle tanker deal Greek owner says two specialised vessels staying with charterer for up to five extra years
Don't pay the penalty: FuelEU non compliance costs will hurt EU rules are pushing owners to use biofuels argues Zero44 founder Frederike Hesse
Seatankers and Danaos linked to bulker orders in China Contracts worth $591m mark Dajin Heavy Industry's debut in the newcastlemax newbuilding sector
Volatility is now structural, not episodic, says Rio Tinto's Laure Baratgin Mining giant's shipping boss stresses that safety still comes first despite a pressured operating environment
BHP holds its nerve on freight strategy as geopolitical storm rages Mining giant tweaks charter mix but flags fuel costs as main pressure point
Asia faces $460bn maritime investment bill as fuel transition lags World Bank flags funding needs as green fuels remain unready at scale
Trump moves to extend 'historically long' Jones Act waiver for another 90 days American Maritime Partnership says extending 'historically long and ineffective' waiver is an affront to US workers
World Kinect's bunker sales profit surges on rising prices for shipping fuel Fuel giant's adjusted EPS surges far above analyst expectation
A changed company at Ryder, but used vehicle sales are still a big driver Ryder System's stock price is up more than 80% in the last year-more than 23% in a month-for a business whose latest earnings report for 2026's first quarter shows it has had to fight for growth. There was nothing in the quarterly report that was particularly negative. It showed a company that is not getting that much of a lift from underlying freight market conditions, but had a solid performanc
Maine lawmakers press USPS over $350K default to rural air carrier Maine's congressional delegation is seeking answers from Postmaster General David Steiner about why the U.S. Postal Service is nearly $350,000 in arrears to a small regional air service that delivers mail and packages to island communities. Penobscot Island Air resumed carrying postal shipments to Vinalhaven, North Haven and Matinicus islands on Wednesday after the Postal Service agreed to start
Covenant sees tightening capacity, rate momentum building in 2026 Covenant Logistics Group executives struck a more optimistic tone on Friday's earnings call, pointing to tightening truckload capacity, rising rate discussions and improving demand trends despite a weaker-than-expected first quarter. The Chattanooga, Tennessee-based carrier reported first-quarter earnings earlier this week that missed expectations, with net income falling to $4.4 million, or $0.1
Airbus installs 1st cargo door for A350 freighter prototype Airbus has completed the manufacturing and assembly of the first main deck cargo door for the all-new A350 freighter at its facility in Illescas, Spain. The component has been delivered to the manufacturer's final assembly line in Toulouse, France, where it will be integrated into the fuselage of the first test aircraft and undergo testing in the coming weeks, the company said in a news release o
The Feds rescheduled marijuana. What happens in trucking? Yesterday, an order signed by Acting Attorney General Todd Blanche on April 22 and effective April 23 moves two categories of marijuana from Schedule I to Schedule III of the Controlled Substances Act. The first category is FDA-approved drug products containing marijuana. The second is marijuana, subject to a state-issued license to manufacture, distribute, or dispense for medical purposes. That
Descartes acquires fleet safety platform Idelic for $28M Descartes Systems Group announced it has acquired fleet safety solutions provider Idelic for $28 million. The AI-powered platform manages driver performance, allowing fleets to operate more safely. The deal adds another large dataset to Descartes' Global Logistics Network. Pittsburgh-based Idelic's platform combines monitoring, reporting and training on one system, helping fleets identify and mit
Ghost Agents running America's trucking legal infrastructure There is a federal regulation whose entire purpose is to make sure you can sue a trucking company after one of its trucks kills your family member. The regulation requires every interstate motor carrier, freight broker, and freight forwarder in America to designate a process agent in each state where they operate before FMCSA will grant them operating authority. The form is called the BOC-3. BOC
Trojan Driver scam infiltrates legitimate trucking companies The Transported Asset Protection Association is warning the industry about a new cargo theft method that does not rely on fake companies or stolen identities. Instead, it works by placing operatives inside legitimate trucking companies and using normal operations to move freight into position before it is taken. The group is calling this the "Trojan Driver Scam," and it shows how theft is shiftin
Small fleets, brokers drive new wave of trucking bankruptcies A dozen small trucking and logistics companies across the U.S. have filed for bankruptcy protection in mid to late-April, highlighting continued financial pressure on carriers and brokers navigating choppy freight demand, tight margins and elevated operating costs. Leading the latest filings is Bound Logistics LLC, a New Jersey-based carrier operating 57 trucks with 57 drivers, according to feder
Signs of a Marten turnaround, but trucker's numbers mostly lower The corporate earnings of Marten Transport released Thursday do not show a company that has benefitted yet from a stronger freight market, year-on-year or sequentially. For example, its company-wide operating ratio (OR) net of fuel was 99.1%. That showed a deterioration from 97.5% in the fourth quarter of 2025 and was worse sequentially than 97% in the first quarter of 2025. The company's operati
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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