The Ballard Pier: A vision by Mumbai Port Authority
Tuticorin Container Terminal flags off Electric Internal Transfer Vehicles, a key step towards greener port operations
GCCI and Indian Maritime Centre exploring new opportunities for collaboration to develop Kandla-Kutch as a global maritime hub
Piyush Goyal discusses wide-ranging collaboration during visit to Rotterdam port
Department of Commerce extends RELIEF initiative under Export Promotion Mission until March 31, 2027
MSC receives ESG recognition from DNV for the first time
Port of Koper highlights the Adriatic's growing strategic role in Europe
Cochin Shipyard's Mumbai unit achieves record turnover; profit share handed over to Mumbai Port Authority
Sri Lanka Ports Authority to develop new logistics hub at Port of Colombo following decision not to proceed with earlier joint venture involving China Merchants Port Holdings
COSCO launches resilient shipping routes to counter Middle East conflict and climate disruptions
Empty container acceptance halted for now at London Gateway Port
GT Lines commencing KBX - Khorfakkan Berbera Express service to strengthen connectivity between the Gulf and Horn of Africa
Logistics infrastructure to be developed around Vizhinjam Port
Bahri and IMI ink contract for three newbuild VLCCs
Seafarer happiness slips again Seafarer happiness has fallen for a third consecutive quarter, according to the latest Seafarers Happiness Index (SHI), published by The Mission to Seafarers. The third quarter 2026 score of 6.81/10 is down
Corps seeks autonomous solutions for navigation channel surveys The U.S. Army Corps of Engineers is seeking autonomous and remote-sensing technologies that could expand and improve hydrographic surveying of the nation's coastal and inland navigation channels. Through its newly announced Navigation
Tampa harbor navigation improvement project advances Port Tampa Bay's Tampa Harbor Navigation Improvement Project is advancing, with the U.S. Army Corps of Engineers conducting a geotechnical investigation along the federal navigation channel. The investigation involves drilling soil borings
Canada's Horizon Maritime to join Chouest Group The Chouest Group and the founders of Canada's Horizon Maritime Services have announcing a strategic partnership, including the acquisition of Horizon Maritime, a leading provider of harsh-environment marine and offshore services, from
VIDEO: Baleària floats out its first fully electric fast ferry Spanish ferry operator Baleària has floated out its first fully electric fast ferry at Armon Shipyards in Gijón. It is the first of the two all-electric ferries ordered by Baleària in January
Port of Riga to test resilient maritime communications under new partnership The Port of Riga is set to become a testing environment for resilient maritime communication technologies following a new partnership between port technical services provider LVR Flote and connectivity technology company HARDMODE. The two companies signed a Memorandum of Understanding (MoU) during the Techritory Forum in Riga on October 23, 2026, establishing a framework for developing and testin
Seatrium and Keppel agree to complete four offshore drilling rigs Seatrium and Keppel's wholly owned subsidiary, RigCo, have agreed to complete four offshore drilling rigs. The construction work has an estimated total contract value of more than S$500 million. The companies announced the agreement on October 26, 2026. They will carry out the work under an existing master services arrangement. RigCo owns all four rigs, which remain unfinished. The units include
London Gateway resumes empty container acceptance Maersk has confirmed that London Gateway Port has resumed accepting empty containers. The restrictions were lifted at 12:00 on 26 October 2026. Empty containers can now be returned to the terminal under normal procedures. The announcement follows Maersk's previous customer advisory issued on 23 October. VBS bookings available Vehicle Booking System slots are now available. Hauliers must secure a
MSC receives first ESG Recognition from DNV MSC has received its first ESG Recognition from global assurance and risk management company DNV. The recognition is based on independent evaluations of MSC's certified management systems. These systems were assessed against internationally recognised standards, including those developed by the International Organization for Standardization. MSC said the recognition supports its wider sustainabil
Tianjin Port Holdings sets terms for two terminal acquisitions Tianjin Port Holdings has agreed the financial terms for its proposed acquisition of two terminal operators from Tianjin Port Group. The transaction covers Tianjin Port Second Container Terminal Co. and Tianjin Port Huisheng Terminal Co. The two businesses operate container, general cargo and bulk facilities at the Port of Tianjin. Tianjin Port Holdings will acquire the entire equity interest in
SITC reports stronger nine-month operating performance SITC International Holdings reported higher revenue, container volumes and average freight rates during the first nine months of 2026. The container carrier generated revenue of approximately US$2.81 billion during the period. This represents a 14.2% increase from US$2.46 billion in the corresponding period of 2025. Container volumes increase SITC handled 2,912,117 TEUs during the nine months end
Port of Santos begins regular ethanol bunkering operations CMA CGM, Copersucar, Bunker One and the Santos Port Authority have launched regular ethanol bunkering operations at the Port of Santos in Brazil. The first operation under the programme took place on 19 October 2026. It involved the 13,000 TEU containership CMA CGM Iron . The vessel features the Everllence-B&W G95ME-C10.5-LGIM engine. According to the project partners, it is the world's first cer
C.H. Robinson expands AI automation across ocean and air freight C.H. Robinson has introduced new artificial intelligence capabilities for ocean shipping, air freight and customs brokerage, expanding its Lean AI technology into global freight forwarding operations. The development, announced on October 26, 2026, introduces specialised AI agents capable of handling complex shipping tasks, including freight quotations, ocean booking requests and customs document
Why 25-year-old container ships are still commanding remarkable rates The commercial value of ageing container ships is drawing renewed attention as recent charter agreements and second-hand vessel transactions demonstrate that ships approaching their third decade of service can still attract substantial financial commitments. According to the October 2026 edition of DynaLiners Monthly, several containerships built more than two decades ago have secured employment
MSC containership damaged after cruise ship collision in Bremerhaven A TUI Cruises passenger vessel collided with two berthed containerships at the German port of Bremerhaven on 25 October, causing significant damage to one of the cargo vessels and prompting authorities to prohibit all three ships from departing. The incident occurred at approximately 17:30 local time, when the cruise ship Mein Schiff 3 was leaving Bremerhaven for a scheduled voyage to the Canary
Valenciaport reports September container growth despite weaker transshipment Valenciaport recorded an increase in container traffic during September 2026, supported by stronger import and export volumes, although transshipment activity continued to weigh on its overall performance for the first nine months of the year. According to figures released by the Port Authority of Valencia (APV) on October 23, the port system handled 498,837 TEUs in September, representing a 5.48
WEL Companies integrates Descartes and CARRIER1 to streamline freight operations US-based transportation and logistics provider WEL Companies has integrated Descartes Systems Group's transportation management system (TMS) with CARRIER1 Vault to streamline freight brokerage operations and improve communication across its trucking network. Announced on October 22, 2026, the integrated solution enables WEL Companies to manage shipments transported by its own fleet alongside frei
MSC's MEDLOG joins consortium to operate Júndiz intermodal terminal Spanish railway infrastructure manager Adif has awarded the operating contract for the Vitoria-Júndiz intermodal rail terminal to a consortium comprising MEDLOG Spain Logistic, part of the MSC Group, the port authorities of Bilbao and Pasaia, and regional institutions in Álava. The contract has an initial duration of six years, with the possibility of extensions up to a maximum of 20 years. The T
How Sierra Leone's new national carrier turns into a Chinese asset Zhejiang Xiehai Group brings the capital and the ships, Freetown brings a 40% cargo reservation. The combination, not the 50-ship target, is what rivals should watch
ClassNK releases new framework for onboard carbon capture systems Japanese classification society ClassNK has released a new handbook providing guidance on the implementation of onboard carbon capture systems (OCCS), addressing the technical, regulatory and infrastructure requirements involved in capturing and managing carbon dioxide emissions from ships. Published on October 23, 2026, the handbook, titled Onboard Carbon Capture Systems Implementation Framework
How Manila's cable diplomacy reshapes risk around the Taiwan Strait When a Philippine diplomat told a Washington audience this week that Manila is "exploring deeper cooperation" with Taiwan on undersea-cable protection and gray-zone activity, the announcement seemed limited
Readers Speak: Cyberattacks emerge as the leading threat to cargo security Cargo security has become an increasingly complex concern for the shipping and logistics industry, with physical risks now accompanied by threats involving digital systems, identity fraud and internal access. In its latest Readers Speak poll, Container News asked readers: "What is the biggest threat to cargo security?" The results identified cyberattacks as the leading concern, ahead of cargo the
Wärtsilä and WinGD renew global marine engine service agreement Wärtsilä and WinGD have signed a new long-term Service Framework Agreement to ensure continued technical support and maintenance services for two-stroke marine engines operating across the global shipping fleet. Announced on October 23, 2026, the agreement reinforces a service relationship established in 2015 and confirms Wärtsilä's continued position as an authorised global service provider for
Seatrium secures contract for five Karpowership conversions Singapore-based marine engineering group Seatrium has secured a contract from Karpowership for the major conversion and integration of five third-generation Whale Class Powerships, strengthening the companies' longstanding partnership in floating energy infrastructure. Announced on October 23, 2026, the agreement covers the development, major conversion and integration of hydrogen-ready floating
Konecranes reports strong port equipment deliveries despite order slowdown Finnish lifting equipment manufacturer Konecranes reported a strong recovery in port equipment deliveries during the third quarter of 2026, although new orders in its Port Solutions business declined significantly compared with the previous year. According to its interim financial report published on October 23, the company's Port Solutions division recorded net sales of €420 million during July-
CEVA Logistics and Zalando advance AI-powered warehouse robotics CEVA Logistics and Zalando are collaborating with Sereact, NVIDIA and Nebius on an artificial intelligence training system designed to improve robotic handling of e-commerce returns and accelerate the development of automated warehouse operations. Announced on October 22, 2026, the initiative introduces a closed-loop training process for Cortex, Sereact's robotic AI system, combining real-world w
Rhenus launches major automated warehouse system in Poland Rhenus Warehousing Solutions has officially launched one of Poland's largest AutoStore installations at its logistics centre in Boleslawiec, strengthening its automated warehousing capabilities and expanding support for e-commerce operations. The system, inaugurated on October 22, 2026, is the second-largest AutoStore installation within the Rhenus Group. It occupies 4,500 square metres inside th
SAT-JAM: Ships must learn to navigate without GPS A researcher in Denmark who has developed a new system for tracking satellite navigation interference from space has a stark warning for the shipping industry in today's Maritime CEO interview: GPS can no longer be considered a dependable means of navigation. Kian Bostani Nezhad, a PhD researcher at the Technical University of Denmark (DTU), believes ...
Shipping cuts training when it needs it most Irene Rosberg, who runs the Blue MBA at Copenhagen Business School, returns to Splash today. When business conditions become difficult, training is often one of the easiest budgets to cut. In shipping, that is becoming an increasingly dangerous habit. The industry is asking its people to understand decarbonisation, artificial intelligence, cyber risk, increasingly complex regulation ...
Odfjell cashes in on chemical tanker pair in $62m-plus deal Norwegian chemical tanker owner Odfjell has reportedly sold two 2011-built vessels for more than $62m as it continues reshaping its fleet. Shipbrokers identified the 46,098 dwt Bow Elm and 46,047 dwt Bow Lind as having been sold together, with the deal agreed on a surveys-passed basis. Both vessels were built at South Korea's SLS Shipbuilding ...
Transocean expands newbuild programme with tanker duo Monaco-based Transocean Maritime Agencies has ordered two 50,000 dwt chemical and product tankers at China's Guangzhou Shipyard International (GSI), adding another vessel type to its expanding newbuilding programme. The CSSC-controlled yard recently signed the contract, marking its first order from a Monaco-based shipowner. Financial terms, delivery dates and propulsion specifications have not be
Transworld gets green light for $43m boxship deal India's Transworld Shipping Lines has secured shareholder approval for the $42.78m acquisition of two containerships from another company within its controlling shareholder's group, clearing a key hurdle in its ongoing fleet restructuring. The Navi Mumbai-based listed owner disclosed in a filing that shareholders had backed the purchase of the 2006-built OEL Surya and OEL Varun ...
Bahri turns to homegrown yard for $451m VLCC trio Saudi shipping giant Bahri has ordered three very large crude carriers at International Maritime Industries (IMI), committing SAR1.692bn ($451m) to expand its tanker fleet and support shipbuilding at home. The 320,000 dwt vessels will be built at IMI's Ras Al Khair facility on Saudi Arabia's eastern coast, with deliveries scheduled between 2029 and 2030. The ...
Panagiotidis moves another LPG carrier in $18m fleet reshuffle Greek shipowner Petros Panagiotidis is continuing to rearrange his LPG fleet across Nasdaq-listed companies, with AI OKTO agreeing to sell the 2015-built Dream Arrax to sister company Robin Energy for $18m. The latest transaction involves the 5,000 cu m gas carrier moving between two companies controlled by Panagiotidis, who serves as chairman and chief executive ...
NMDC Energy lands $763m in Saudi Aramco offshore contracts UAE-based offshore engineering and construction player NMDC Energy has secured three new offshore projects from Saudi Aramco worth a combined AED 2.8bn ($763.3m). The Abu Dhabi-listed contractor said in a stock exchange filing that it received a letter of award for engineering, procurement, and construction (EPC) work, with the three projects expected to be completed ...
Equinor extends Havila PSV pair for one more year Norwegian offshore vessel owner Havila Shipping has secured another year of work for two of its platform supply vessels (PSVs) after compatriot energy major Equinor exercised contract extension options. The latest extensions will keep the 2012-built Havila Charisma on charter until December 16, 2027, while the 2008-built Havila Foresight will remain employed until January 1, ...
Great Eastern continues secondhand spending with LPG carrier deal India's Great Eastern Shipping has struck another secondhand vessel deal, agreeing to acquire a 2015-built very large gas carrier as it continues expanding its diversified fleet. The Mumbai-based listed owner said that it has contracted to buy the approximately 82,000 cu m vessel, which is expected to join its fleet during the December quarter. The ...
Black Sea bloodshed outstrips Hormuz A relentless series of attacks on merchant ships and port infrastructure over the past four days has underscored the Black Sea's emergence as the world's deadliest shipping route, with seafarer fatalities this year now exceeding those recorded around the Strait of Hormuz. More than 570 vessels have been attacked in the Black Sea during 2026, ...
Kenya sets out $1.2bn port privatisation investment programme Kenya has outlined an investment programme worth nearly $1.2bn covering a sweeping overhaul of port operations at Mombasa and Lamu as the government prepares to bring private operators into some of its most important maritime assets. New figures disclosed by the National Treasury put the first package of concessions at KSh79.69bn ($615m), with Kenya Ports ...
Panama Canal reopens last-minute slots amid traffic recovery The Panama Canal has restored last-minute transit reservations for ships using its panamax locks, easing one of the restrictions introduced during this year's drought-related disruption. The canal authority confirmed that the service resumed on October 21, allowing operators to secure short-notice passage when slots become available. The additional reservations will be offered at the authority's
Shanghai expands freight index coverage with seven new benchmarks The Shanghai Shipping Exchange has formally introduced seven additional container freight benchmarks covering major international trade lanes, alongside an updated contract framework allowing shipping companies and cargo owners to link freight payments to published indices. The new Shanghai Containerized Freight Index (SCFI) components were unveiled at the North Bund International Shipping Forum
MSC boxship gashed in Bremerhaven cruise ship collision An MSC containership has suffered a 10-metre hull tear after being struck by a TUI Cruises vessel during a departure manoeuvre at Germany's Bremerhaven port in stormy conditions. The 16,520 teu MSC Victorine, a 2023-built, Liberian-flagged vessel, was berthed at the container terminal when the 99,526 gt Mein Schiff 3 collided with its stern on ...
BP reaches $350m Louisiana settlement over Deepwater Horizon disaster UK energy major BP has reached an agreement with the US state of Louisiana to settle its remaining economic-damage payments from the 2010 Deepwater Horizon disaster and resolve outstanding coastal-damage lawsuits. Under the agreement, BP will make a single payment of about $350m, replacing $373m in interest-free instalments scheduled to be paid over the next ...
DOF sells subsea construction vessel Norwegian offshore vessel owner DOF has agreed to sell its 2018-built subsea construction vessel, Skandi Implementer, to an undisclosed buyer. The vessel is scheduled to be delivered to its new owner in the second quarter of 2027. DOF did not disclose financial details, but said the transaction would materially reduce the group's net debt. "While ...
VLCC delivery wave set to reach levels not seen since the 1970s The VLCC sector is heading for its biggest delivery wave in half a century, with more than 100 new supertankers scheduled to enter service annually in both 2028 and 2029, according to Hartland Shipping Services. The scale recalls the supertanker boom of the 1970s. BIMCO's historical figures put the all-time record at 116 VLCCs delivered ...
Seatrium lands deal to complete Keppel's offshore rig quartet Singapore's Seatrium has secured a contract worth more than S$500m ($390m) to complete four offshore drilling rigs owned by Keppel subsidiary RigCo, reviving a group of unfinished newbuildings amid improving demand for high-specification offshore units. The agreement covers a seventh-generation drillship, a harsh-environment jackup, and two mid-water semisubmersibles designed for demanding operat
Search for missing workers underway after Borr jackup sinking Borr Drilling's Prospector 5 jackup has sunk offshore Gabon, leaving five workers initially unaccounted for and forcing the suspension of production at BW Energy's MaBoMo facility on the Dussafu Marin licence. The incident occurred at about 20:37 local time on Saturday, October 24, while the 2014-built rig was jacking up ahead of a planned drilling ...
Pavimar returns to newbuild market with four Hengli bulkers Greek dry bulk owner Pavimar has made a rare newbuilding move, with a four-ship kamsarmax programme at China's Hengli Heavy Industries. The Athens-based company, headed by Ismini Panagiotidi, has contracted the quartet for delivery through 2029, according to shipbroking sources. The price has not been disclosed. European brokers currently assess Chinese-built kamsarmax newbuildings at between ...
Trader Alkagesta enters shipowning with Turkish bunker fleet takeover Malta-based commodities trader Alkagesta is entering shipowning through the acquisition of Turkish marine fuel supplier Energy Petrol, taking over an eight-vessel bunker fleet as it expands its physical fuel distribution business. The Orkhan Rustamov-led company confirmed on October 22 that it had agreed to acquire the Istanbul-based supplier in a transaction already approved by Türkiye's ...
Malaysian owner adds two boxships at local Sapor Shipbuilding Malaysia's Harbour-Link Group has disclosed a RM56.7m ($13.9m) investment in two containerships at domestic builder Sapor Shipbuilding Industries as it expands its regional shipping operations. The Sarawak-based group said its 85%-owned subsidiary Harbour-Link Lines had entered into two contracts with the Sibu shipyard for the construction of a pair of 90 m self-propelled container vessels. ...
RINA reshuffles leadership with Moretti at the helm Italian classification and engineering group RINA has appointed Paolo Moretti as its new group chief executive, turning to a maritime industry veteran to lead the Genoa-headquartered business through its next phase of expansion. Moretti, previously general manager and head of RINA's marine and certification businesses, succeeds Carlo Luzzatto, who had led the group since December ...
Trial evidence highlights TD3C scepticism - even inside Baltic Exchange The blockbuster Mercuria v Baltic Exchange trial has begun with fireworks. Mercuria has unveiled damning comments on the quality of...
The Daily View: Suez boxship return more than just a numbers game
'In business, we speak business': China P&I rebuts independence concerns in IG bid The world's largest shipowning nation is still without its own seat at the IG table - China P&I says that...
Tsakos launches $150m share buyback Greece-based tanker owner also hikes dividend against backdrop of soaring charter rates
Drill platform sinks with five still missing Search and rescue operations are ongoing as responders race to locate five missing crew
Is nuclear a genuine decarbonisation option for shipping? Momentum towards nuclear-powered shipping has grown in recent months with the news of a deal between Core Power and the...
Bulk carrier Cape Dao sinks after Hormuz attack The 170,089 dwt vessel has been declared a total loss after sinking in the Gulf of Oman, adding to mounting...
The week in newbuildings: Orders worth $5.9bn signed in busy contracting week Shipowners ordered 49 vessels worth an estimated $5.9bn over the past week, with containerships and tankers dominating activity
Hormuz crisis reshaping LNG trade but no boom for carriers Demand has recalibrated with no obvious breakthrough to the Hormuz closure on the horizon. But the wave of new vessel...
The Week in Charts: Crude tankers in correction mode after Hormuz-driven 'super spike' | Africa's LNG ambitions grow as Hormuz disruption exposes supply risk Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Panama Canal restrictions double Asian LPG importers' Hormuz conundrum Gas carrier freight rates have eased from their October highs, but Panama Canal restrictions have complicated Asian LPG buyers' shift...
Nuclear shipping would need a carbon price to compete Estimating what nuclear-powered ships would cost to build, run and decommission is hard, with little evidence yet available. But whatever...
Russian diesel tankers head for US after Washington issues sanctions waiver Moscow says three cargoes are on their way, but Russia's damaged refineries may struggle to deliver the volumes it promised
Asia-Europe 'double sailings' top pandemic peak as congestion upends Golden Week cuts Asian port congestion pushes 'double sailings' beyond pandemic highs, disrupting carriers' traditional Golden Week capacity cuts as Suez routings resume
Daily Briefing Crude tankers in correction mode after Hormuz-driven 'super spike' | Russia's container trade continues eastward shift as Asian carriers expand...
C.H. Robinson expands AI investment to forwarding functions Long a champion of artificial intelligence agents as a way to more efficiently operate in truck brokerage, C.H. Robinson on Monday said it now has agents running quoting and booking requests in key markets.
UP resumes intermodal container fleet expansion Union Pacific Railroad's purchase of 500 new domestic containers breaks a three-year industry equipment freeze and diverges from the approach of private asset-owning intermodal providers.
$3trn question: Can shipping transform itself from a climate laggard to a leader? Shipping companies have reported windfall profits, yet claim they can't afford to deliver on Net-Zero Framework
From Russia with diesel: How Putin's fuel promise to America could change product tanker dynamics Will new volumes displace other shipments, and will Ukrainian refinery attacks even allow them to materialise?
Vessel on fire after off Iraq as Middle East war nears eight-month mark UK authorities say third-party reported incident off port of Al-Faw
Russia claims more attacks on Black Sea dry cargo vessels Ministry of Defence also claims strikes on terminals at port of Chornomorsk
Bulker sinks off Oman a month after Iranian attack Navigation notice officially declares capesize a sunken ship
SEA-LNG and methane abatement group MAMII team up on technical know-how New partners aim to strengthen messaging at IMO
Blystad strikes again as container ship sale generates hefty profit Norwegian owner lands chunky windfall on feeder boxship sale
Qatar energy minister makes plea to protect shipping routes at Moscow meeting Natural gas is 'here to stay', but long-term cooperation is needed between producers and consumers
Cruise liner hits two container ships in stormy weather at Bremerhaven Ship was heading for Canary Islands cruise but never got to leave port
Tsakos unveils $150m share buyback plan on top of half-year dividend Tanker boom and ship sales have been boosting owner's profit
Stena buys Norwegian ferry operator Color Line Norwegian firm has been privately owned until now
Container lines cannot dodge overcapacity, Drewry warns The only uncertainty is the scale of future overcapacity, says analyst
Mercuria says Baltic rates must reflect 'reality' as VLCC trial begins Trader starts to make its case in key hearing into how London benchmarking company reacted to Middle East war
Trump officials dust off 1800s law to seize vessels as wartime 'prizes' Court in Houston sets out rules for prize law cases to be litigated for the first time since World War II
Milos in sight, engine dead: broker's charity voyage reaches dramatic climax Crew of converted lifeboat overcame breakdowns and turbulent waters to raise money for UK and Greek rescuers
Shore leave squeeze dents seafarer morale Survey says crew are completing multiple contracts without setting foot ashore
Ofer toasts landmark VLAC. Now for a nuclear-powered vessel? Eastern Pacific owner pays tribute to a relationship with HD Hyundai Heavy spanning 70 ships worth $7.9bn
Sanctioned tanker is recycled in India after getting turfed out of Bangladesh Alang's ship recyclers prove willing to rid the world of dark fleet tankers that others are afraid to touch
Sanctioned Novatek revealed as backer of Alaska's Polar LNG project Alaska state senator Cathy Giessel suggest using South Korean stranded Arc7 LNG carriers for Russian-backed project
Iran 'disables' tanker as US commander flies victory lap over Strait of Hormuz Delayed report shows widening time gap between actual incidents and verified reporting
Greek owner DryDel obtains top price to flip freshly delivered ultramax newbuild Lucrative sale of Tsuneishi Cebu-built vessel confirms rising price trend for midsize bulker tonnage
Newbuilding boom raises uncomfortable echoes of 2007, shipping lawyer warns Shipowners are making concessions as yards gain the upper hand in contract negotiations
John Fredriksen-backed DOF sells subsea ship worth $147m Norwegian owner was not actively pursuing a deal
Asyad Group banks $132m from selling shares in shipping unit Parent of Asyad Shipping also launches stock offering for retail investors
New Petros Panagiotidis company cuts fleet to one ship with sale of LPG carrier Nasdaq-listed AI Okto offloads vessel to sister operation Robin Energy
Grimaldi Group nears another $106m in sales as values of older car carriers surge Reported price represents 137% gain in five months
New African shipping company targets fleet of 50 ships with Chinese backing Sierra Leone Ocean Shipping Co is a joint venture with Zhejiang Xiehai
Great Eastern strikes again with swoop on secondhand VLGC Indian owner adds to tanker resale and kamsarmax acquisition
Greece extends missile help to Yanbu as Houthis hammer Saudi oil infrastructure Red Sea terminal plays key role in Saudi efforts to sustain crude exports
Bangladesh yards bid up for tonnage as cash buyer tells owners to sell now or miss out Wirana warns recycling premiums are unsupported by steel market and may vanish after a handful more deals
Keppel's RigCo hands Seatrium $391m drillship and rig completion job Four unfinished rigs to be completed in Singapore as Keppel's RigCo bets on a tightening market
Sanctioned tanker gets recycled in India after getting turfed out of Bangladesh Alang's ship recyclers prove willing to rid the world of dark fleet tankers others are too afraid to touch
HD Hyundai plans new US shipyard as overseas capacity expands Shipbuilding giant is also ramping up production at Vietnamese facility
GTT stalwart Philippe Berterottiere resigns as chairman Catherine Ronge becomes chairwoman next month under succession plan
GTT sees owners reverting to contractual newbuilding dates in weak market Company's digital solutions arm opens an office in Japan
Bureau Veritas chief sees no quick end to shipbuilding boom Ordering cycle may have more room to run than many observers expect
Shipbuilding central to new US-Denmark maritime pact The United States and Denmark have signed a maritime cooperation agreement aimed at expanding the U.S. shipbuilding workforce, attracting Danish investment to American shipyards and accelerating vessel construction and repairs through advanced technology. U.S. Under Secretary of State for Economic Affairs Jacob Helberg and Danish Foreign Minister Lars Lokke Rasmussen signed the memorandum of unde
Mexican truckers launch national strike over highway security, rising costs Mexican trucking companies launched an indefinite nationwide strike Monday protesting highway insecurity, cargo theft, extortion and rising operating costs, with demonstrations planned in major freight hubs along the U.S.-Mexico border. The strike, organized by the National Chamber of Freight Transportation (CANACAR) and other trucking organizations, calls for demonstrations across Mexico, includ
U.S. Postal Service prepared for peak season surge The U.S. Postal Service says it is ready for the holiday shipping rush and expects to improve upon its delivery performance during the 2025 peak season, when mail items and packages were delivered within 2.5 days on average compared to 2.8 days during the same period the prior year. Between Oct. 1 and Dec. 31 U.S. Postal Service mail and package volumes will increase about 40% for the holiday sea
Japan Airlines hires B747 cargo carriers to meet high-tech demand Japan Airlines has expanded scheduled transcontinental all-cargo flights, utilizing Boeing 747 freighter aircraft operated by three large cargo airlines to take advantage of surging demand for shipments of semiconductors and digital equipment, much of it to support the rapid buildout of AI infrastructure. The Tokyo-based carrier began flying freighters again for the first time in 13 years in Febr
AI air freight drives Kuehne+Nagel profit increase Earnings and volume gains, led by AI-related air freight demand and ongoing cost controls, spurred strong third-quarter results for Kuehne+Nagel, beating analysts' estimates for profit and volumes. Revenue increased 22% to $8.97 billion and pre-tax earnings were $527 million, up 53% year over year, the Swiss logistics giant reported last week. The air and ocean forwarding business outperformed by
DSV 3Q profit rises 19.5% as Schenker integration lifts earnings DSV reported a 19.5% increase in third-quarter operating profit before special items, as cost synergies from its Schenker acquisition and stronger results in air and sea, and contract logistics outweighed weakness in trucking. The world's biggest forwarder (DSV.CO), based in Denmark, posted pre-tax earnings before special items of 6.606 billion Danish kroner ($990.9 million), including $45 millio
FedEx taps AutoZone executive to be finance chief FedEx Corp. announced Monday the appointment of AutoZone executive Jamere Jackson as chief financial officer, effective Nov. 30. He succeeds Claude Russ, who has served as interim CFO since June 1 after the departure of John Dietrich. Jackson most recently led finance and store development at retailer AutoZone, where he has served as CFO since January 2021. FedEx ( NYSE: FDX ) said his skill set
Canada port reaches new longshore union labor deal Port employers and the International Longshoremen's Association have reached a tentative labor agreement running through 2028, offering customers of the Canadian Atlantic gateway the prospect of a more predictable operating environment if the settlement is ratified. The proposed agreement would succeed the port's previous collective contract, which covered Jan. 1, 2022, through Dec. 31, 2025. Tha
Completing the Capacity Stack 123Loadboard and Direct Freight are coming together to build a single, stronger independent freight network. The two platforms will continue to operate as customers know them, but behind the scenes they'll increasingly function as one connected system, letting a broker post freight across both networks from a single workflow, and giving carriers access to a combined pool of freight opportunities.
New 'conundrum': Asia-US, Europe ocean rates diverge Trans-Pacific container spot rates were largely unchanged last week, signaling the market has peaked and is likely to soften through the remainder of 2026, according to analyst Xeneta. Average spot rates from Asia to the U.S. West Coast edged up 0.2% in the week ending Oct. 23 to $8,311 per forty-foot equivalent unit. Rates to the U.S. East Coast also increased 0.2%, reaching $11,525 per FEU. "Th
Australia Post CEO to retire as financial challenges continue Australia Post Chief Executive Officer Paul Graham will retire at the end of the financial year on June 30, the corporation announced on Thursday. Graham informed the board of directors of its intention after more than five years as CEO. "Paul delivered landmark reforms under our Post26 Strategy with the support of our shareholders and launched the next phase of our modernisation through our Post
How Shaw backhauls turn old carpet tile into new opportunity When it's time for commercial flooring to be replaced, renovation teams may be inclined to toss it in the dumpster along with other construction and demolition debris, but Shaw Industries wants its EcoWorx carpet tile back. The reverse logistics challenge Getting that product back to the company so it can be recycled into new flooring is an exercise in sophisticated reverse logistics and effectiv
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