Ship Repair USA session to examine barge launch using floating dry dock Marine Log's Ship Repair USA conference, set for June 23-24 in Jacksonville, Fla., will include a session examining the execution of a barge launch using a floating dry dock. Titled "From Shop
Interior buys out two more offshore wind developments With the courts frustrating its efforts to shut down offshore wind through things like stop-work orders, the Trump Administration has used the buy-out tactic it successfully used with TotalEnergies to persuade two
Concordia Damen books order for Paraguay-Paraná pusher Damen Shipyards inland waterways specialist Concordia Damen has signed a newbuilding contract with an undisclosed Paraguayan client for a 41-meter (134.5-foot) shallow draft river pusher, type CDS 4115. Delivery of the vessel
$27.3M grant announced for Marion-Ralls Regional Port Authority Congressman Sam Graves, (MO-06), Chairman of the House Transportation and Infrastructure Committee, announced that he has secured a Port Infrastructure Development Program (PIDP) Grant for the Marion-Ralls Regional Port Authority. The $27,324,552 grant
Royal Caribbean confirms order with Meyer Turku for Icon 6 and 7 Miami-based Royal Caribbean Group has confirmed an order for two additional Icon Class cruise ships-Icon 6 and 7-from Meyer Turku, with delivery scheduled for 2029 and 2030. The order for the sixth
Port of Barcelona launches fifth strategic plan for 2026-2030 The Port of Barcelona has unveiled its Fifth Strategic Plan for 2026-2030, marking the beginning of what the port describes as the largest investment cycle in its history. The plan defines the roadmap for transforming port infrastructure, connectivity and energy systems over the coming five years, with resilience against supply chain disruption as the central strategic objective in an increasingl
Tokyo Port container volumes rise 2% in January Container traffic at the Port of Tokyo increased in January, with total foreign-trade volumes reaching 337,038 TEUs, up 2% year-on-year, according to preliminary data from the Tokyo Metropolitan Government. Loaded containers drove the growth. Volumes rose 3.7% to 245,991 TEUs. Empty containers declined 2.3% to 91,047 TEUs. Export volumes showed strong growth. Loaded export containers reached 52,3
Kalmar wins order for electric container handlers in Brazil Kalmar has secured an order for six electric empty container handlers from Lechman Terminais in Brazil, marking a step forward in terminal electrification in Latin America. The order was booked in Kalmar's Q2 2026 intake. Delivery is scheduled for the first quarter of 2027. The equipment will operate at a container depot in Guarujá, near the Port of Santos. The machines can stack containers up to
Port of Coos Bay secures grant for Pacific Coast intermodal rail infrastructure The Oregon International Port of Coos Bay has been awarded an US$ 11.25 million grant through the US Maritime Administration's Port Infrastructure Development Program to advance rail infrastructure improvements supporting the Pacific Coast Intermodal Port project on the North Spit of Coos Bay. The funding will strengthen connections to the Coos Bay Rail Line and prepare the future terminal area f
NORDEN raises 2026 outlook on tanker strength and vessel sales NORDEN has upgraded its full-year 2026 net profit guidance to USD 70-140 million, up from the previous range of USD 30-100 million, supported by a stronger tanker market and gains from vessel sales. The company reported a net profit of USD 11 million for the first quarter of 2026. Strong tanker performance drove results, while the dry cargo segment posted losses. EBIT in the tanker division reach
Maritime industry in a multicrisis environment From the Strait of Hormuz to the Baltic Sea, sixteen months of converging crises have not disrupted the global maritime order, but they have replaced it
UAE to withdraw from OPEC and OPEC+ effective May 1 The United Arab Emirates (UAE) officially announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, with the decision set to take effect on May 1, 2026 . In a statement carried by the state news agency WAM , the UAE described the move as a strategic evolution aimed at aligning with its long-term economic vision and i
China's shipbuilding machine needs no foreign clients anymore A fresh Yangzijiang orderbook expansion reveals how Beijing has built a self-sustaining demand engine and why Western revival strategies may already be fighting the wrong battle
Hapag-Lloyd adds new surcharge on South Europe feeder routes amid rising costs Hapag-Lloyd has announced a new Emergency Operations Charge (EOO/EOD) for third-party feeder services across South Europe and surrounding regions, citing rising fuel and operating costs linked to geopolitical tensions. The surcharge comes in addition to the existing Emergency Fuel Surcharge (EFS). The company said increased bunker costs from third-party feeder operators require a separate adjustm
Wärtsilä reports strong order growth and improved profitability in Q1 Wärtsilä reported a strong start to 2026, with higher order intake, a record order book and improved profitability despite ongoing geopolitical uncertainty. Order intake rose 10% to €2.1 billion in the first quarter. Organic growth reached 22%. Orders in Marine and Energy increased 28% to €2.0 billion. The company's order book reached an all-time high of €8.9 billion, up 4% year-on-year. Net sale
Ulsan Port hosts world's first ammonia bunkering trial for zero-carbon shipping South Korea has carried out the world's first ammonia bunkering demonstration for a vessel at Ulsan Port, marking a key step toward zero-carbon shipping. The trial took place on April 23. Authorities used the pipe-to-ship (PTS) method to supply fuel directly from land-based facilities during sea trials. The demonstration involved the ammonia-powered vessel ANTWERPEN, operated by EXMAR Shipping. T
Trump rejects Iranian peace proposal as maritime blockade stiffens Hopes for a diplomatic resolution to the ongoing conflict in the Middle East dimmed on Tuesday as President Donald Trump reportedly rejected the latest peace proposal from Tehran. According to Reuters , U.S. officials briefed on a Monday Situation Room meeting say the President is "unhappy" with the framework because it attempts to delay negotiations regarding Iran's nuclear program. Iran propose
MSC updates FAK rates from Far East to Europe, Mediterranean and Black Sea MSC has announced new Freight All Kinds (FAK) rates from the Far East to Northern Europe, the Mediterranean, North Africa and the Black Sea. The revised rates will apply from May 15, 2026, until further notice, but not beyond May 31, 2026. The scope covers all major Far East ports, including Japan, Korea and Southeast Asia. For shipments to Northern Europe, rates are set at USD 2,700 for 20-foot
PIL launches Ubuntu Express to boost Asia-South Africa connectivity Pacific International Lines (PIL) has launched a new weekly service, the Ubuntu Express (UBX), strengthening trade links between Asia and South Africa. The service will connect Central and South China, Taiwan and Singapore with key South African ports. It aims to support growing trade demand driven by expanding consumer markets, industrial growth and increasing flows of agricultural, temperature-
MSC launches new feeder service linking Lekki and Lomé MSC has announced a new weekly feeder service connecting Lekki, Nigeria, with Lomé, Togo, strengthening regional connectivity in the Gulf of Guinea. The service will improve access to Lekki by linking it through Lomé, enhancing reliability and offering additional routing options for customers. Operations will begin with the vessel MSC Rabat IV, which is scheduled to arrive in Lekki on May 30, 202
ONE updates emergency fuel surcharge across global trade lanes Ocean Network Express (ONE) has announced an update to its Emergency Fuel Surcharge (EFS), reflecting ongoing changes in fuel costs and market conditions. The revised surcharge will apply across all major trade lanes, including long-haul and short sea services. For long-haul head haul trades, the EFS will be set at USD 120 per TEU for dry containers and USD 160 per TEU for reefer units. On back h
MSC expands inland rail network in Australia to improve supply chain efficiency MSC has introduced a new inland rail solution in Australia, aiming to improve connectivity between major ports and key regional hubs while reducing reliance on road transport. The service allows customers to move containers directly from Sydney terminals to Minto, and from Melbourne terminals to inland locations including Ettamogah, Griffith and Bomen. The solution is designed to ease congestion
Yangzijiang Maritime expands orderbook with 10-ship newbuild deal Singapore-listed Yangzijiang Maritime Development has moved to deepen its forward fleet with an order for 10 newbuildings spanning tankers and bulk carriers. The group said it has signed contracts with Chinese yards for four 114,000 dwt product/crude tankers, four 49,800 dwt product and chemical tankers, and two 40,000 dwt bulk carriers. Deliveries are set to ...
CMT returns to Qingdao Beihai for newcastlemax brace Taiwan's Chinese Maritime Transport (CMT) has returned to China State Shipbuilding Corporation's Qingdao Beihai yard with an order for two more newcastlemax bulk carriers. The Taipei-listed owner confirmed it will pay between $77.5m and $80.5m per 210,000 dwt vessel via its subsidiaries China Vantage Shipping and China Swift Shipping. Deliveries have not yet been disclosed. ...
Tanker markets tip into oversupply with ballast surge An extraordinary simultaneous build-up of ballast vessels across every major crude tanker segment has moved geopolitically driven disruption into a fundamental demand-side crisis. With the Strait of Hormuz now closed for 60 days, the initial freight rate spike driven by risk premium and trade inefficiency has given way as there simply are not enough cargoes ...
Columbia confirms Hadjipetrou as CEO after abrupt leadership exit Columbia Group has moved to steady the ship by confirming Andreas Hadjipetrou as its permanent chief executive, weeks after the sudden departure of long-time leader Mark O'Neil. Hadjipetrou, a near 30-year veteran of the organisation who most recently served as chief commercial officer, had been acting in the interim role following O'Neil's exit earlier this ...
Tainted bunkers in Asia add to shipowners' woes amid price and supply pressures Compounding existing concerns over price and limited availability, shipowners seeking bunkers in Asia face another issue: tainted fuel. Marine insurer Skuld has issued an advisory warning members of a pattern of on-spec but potentially problematic fuel being bunkered across Asia, particularly in Singapore, Hong Kong and Malaysia. While the fuels meet standard ISO 8217 parameters, ...
The maritime industry risks forgetting the people who keep it safe Arun Sharma, the executive chairman of the Indian Register of Shipping, writes for Splash today. The maritime industry's greatest asset is not its fuel technology, its digital platforms or its regulatory frameworks. It is its people. At a time when shipping is entering one of the most consequential periods in its modern history, this fundamental ...
Noble racks up $565m in fresh rig deals as backlog hits $7.5bn Offshore drilling giant Noble Corporation has announced several new rig deals in its latest fleet status report. One of the rigs that was reportedly considered for sale by the company due to it having no work scheduled beyond August 2026, the 2010-built semisub Noble Deliverer, has won a new contract with Woodside. The five-well contract ...
Trump administration pays $900m to scrap two more offshore wind projects The Trump administration has struck two more deals with energy companies to quit their US offshore wind projects, reimbursing Bluepoint Wind and Golden State Wind nearly $900m in total to cancel their leases. Under the agreements, Bluepoint Wind and Golden State Wind will end their offshore wind leases and commit to shutting down plans for ...
Petra Energy secures multi-field services deal offshore Malaysia Malaysia's Petra Energy has secured a field operations management services contract on five offshore fields within the SK407 license located offshore Miri, Sarawak. The contract, awarded by Vestigo Petroleum, is for the provision of field operations management services on the West Lutong, Baram, Tukau, Siwa, and Fairly Baram offshore fields. According to a Bursa Malaysia ...
COSCO-linked Shanghai Time orders trio of bulkers at Nantong Xiangyu Shanghai Time Shipping has stepped into the newbuilding market with an order for three bulk carriers, marking its first collaboration with Nantong Xiangyu Shipbuilding & Offshore Engineering. The Chinese owner has contracted two 82,000 dwt kamsarmax vessels alongside one 63,800 dwt ultramax, with all three ships scheduled for delivery in 2029. The move signals fleet ...
Shadow fleet VLCC finds legitimate path to compliant market in Gulf trade A 26-year-old VLCC previously engaged in Venezuela operations has become the latest shadow fleet tanker to revert to mainstream trades as...
How to track the real benefits of energy efficiency tech The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping has come up with a framework to track the benefits of...
MEPC dominated by politicians, not shipping experts, says Intercargo chairman Xylas questioned whether the effort to decarbonise what he suggested may be as little as 1% of global emissions was...
Accusations fly as states clash at UN over freedom of navigation UN Security Council debate descends into accusations of state-sponsored banditry at sea and a dangerous assault on shipping, seafarers and...
Nobody would put money on duration of the Hormuz crisis. Marine insurers have no choice Underwriters potentially have billions of dollars on the line
More than 150 tankers still trapped in Gulf as Japanese VLCC appears to exit Hormuz Key global tanker shipowners including Cosco, Frontline, Mitsui OSK, NYK and Sinokor each have multiple vessels still unable to exit
Global tonne-miles dip as MEG choke forces Asian refiners to slash crude imports Tanker trade flows are shifting as the broader picture shows a dip in tonne-miles from the pre-war average as key...
The Daily View: Worsening base case
Middle East port update: Tuesday, April 28 In Kuwait, Shuaiba and Shuwaikh ports ISPS Level 2
Daily Briefing Brussels orders IMO delegates to defend the Net-Zero Framework | IMO must be 'realistic' on GHG pricing, says Dominguez | Hormuz...
Oilfield services majors bank on flood of oil, gas projects linked to Middle East war Baker Hughes, Halliburton and SLB, key drivers of oil and gas project cargoes, say infrastructure repair in the Middle East and supply diversification moves outside the region should result in a heavy book of post-war work.
FMC's DiBella brings anti-'net-zero' message to IMO London meeting he chairman of the US maritime regulator said the agency could act against ocean carriers or foreign-flag ships should the IMO's Marine Environment Protection Committee take further steps to adopt its plan to reduce emissions from shipping.
Tighter bunker supplies raising costs, but not impacting service: ocean carriers Some ships have been forced to bunker at alternative ports, but the war-driven energy shock hasn't yet impacted the deployment of tonnage, ocean carriers said at an industry event in Georgia.
Oilfield services majors bank on flood of oil, gas projects linked to Iran war Baker Hughes, Halliburton and SLB, key drivers of oil and gas project cargoes, say infrastructure repair in the Middle East and supply diversification moves outside the region should result in a
Chinese coastal container ships find global homes in tight charter market Scarcity is proving a stronger driver than design pedigree
Blockade corrals 20 Iranian-linked vessels off key port as US boards container ship US says 39 ships have been turned back to Iranian waters since blockade began
BP 'still growing' its LNG portfolio, new deputy CEO Carol Howle says Former trading & shipping head praises major's new CEO Meg O'Neill as 'fantastic leader'
American Steel: With US fuel prices so high, what has the Jones Act waiver actually accomplished? Welcome to the third edition of our American Steel newsletter. A historically long Jones Act waiver has become even longer, so we're exploring what impact it has had so far. We also look at the commercial successes of Oceaneering International's upgraded US-built research ship and how Trump aide Peter Navarro has given a boost to the Ships for America Act.
Shipping needs fewer, sharper decarbonisation frameworks, says Bonfils Decarbonisation is better achieved by having discussions in one room, not 10, according to Sea Cargo Charter vice chair
Spanish shipowner hires Arctic and Fearnley for $115m debut bond in Oslo market Elcano has strong visibility through long contracts in the Brazilian and Argentine cabotage markets
Leonhardt & Blumberg and NSC add to German container ship sell-off German owners continue to offload container feeder tonnage amid strong buyer appetite
Sanctioned Iranian VLCC blocked from heading home by US Navy Central Command gives no details of location of interception operation
First Japanese VLCC heading out of Strait of Hormuz with Saudi crude Transits running at seven or eight ships per day as the impasse goes on
Frontline said to sell suezmax pair as tanker values push 20-year highs Andreas Zissimatos tabbed as buyer in $140m deal
Braemar adjusts tanker models to war footing in a world starved of Gulf oil UK broker says analysis needs to factor in extra price charterers are willing to pay for prompt deliveries
Who is the 30-year Columbia veteran stepping into Mark O'Neil's shoes? Appointment to top executive post crowns Cypriot executive's decades-long career with ship manager
Greek owner JHI Steamship adds VLCC to growing tanker orderbook Company has spent around $525m on six newbuildings over the past six months
Veteran Tamara de Gruyter exits Wartsila as tech giant extends structural shift Sale of portfolio business leads to focus on marine, energy and data centres
Ifchor Galbraiths beefs up dry bulk research tools to tackle 'increasingly complex' market Challenge for many players 'is not a lack of data, but how to extract meaningful insight from it'
Dirty tanker newbuilding surge spills into the second quarter Brokers continue to weigh the factors behind another busy quarter at shipyards
Tanker owners face lack of physical cargo amid Strait of Hormuz crisis Sentosa Ship Brokers says ballast data indicates cargo weakness
Shipping stocks boosted by strong profit forecasts from owners Shares in Norden and Klaveness Combination Carriers jump after reports
Iran fires warning shots at tanker on edge of Strait of Hormuz as blockade persists Attack happened near area where Iran seized MSC ships
IMO chief urges nations to bridge gaps and clinch shipping decarbonisation deal Arsenio Dominguez says goals remain, despite efforts by US and major flag states to dump green fuel fund
Russian-trading tankers pull out of Brazilian voyages and head to Asia Unusual rerouting noted for product carriers as traders take higher prices
Yangzijiang Maritime stacks orderbook with 10 newbuildings worth $546m It has ordered four LR2, four MRs and two handysize bulk carriers
CMA CGM car carrier holed after hitting German bridge Captain under investigation after incident in Bremerhaven
Norden hikes guidance as tanker unit and seven ship sales boost profit Tanker profit outweighs dry cargo loss in first quarter
Profit rebounds for key Chinese port as volumes lift after weak year Port operator sees earnings recovery in first quarter on higher throughput
Adnoc gets first laden LNG carrier out of Middle East Gulf The Mubaraz looks to have become only the second LNG vessel to exit the Strait of Hormuz since war broke out
Traffic surge lifts Chinese ferry operator Hainan Strait's earnings Traffic growth boosts first-quarter earnings and cash flow climbs 45%
Klaveness Combination Carriers sees Hormuz product tanker rally boosting profit Owner has one vessel trapped inside Middle East Gulf
Canadian Nation presses IMO on compensation for devastating 2016 oil spill Heiltsuk tribe wants indigenous peoples' rights to redress enshrined in maritime conventions
Zhejiang Yuefan Shipping launches tender sale process for surplus bulk carrier Token starting price for veteran panamax highlights continued efforts to offload ageing tonnage
Taiwan's CMT splashes out on order for two newcastlemax bulkers Shipowner scheduled to take delivery of the 210,000-dwt newbuildings in 2030
Monjasa backs Middle East shipping by reflagging tankers to UAE Danish fuels group says register offers several advantages for ships trading domestically
US sanctions barely scratch the surface of Iranian oil buying by Chinese 'teapot' refineries Top-identified Chinese buyers of Iran's oil remain unsanctioned
Handysize bulker up for grabs in no-reserve online auction in China Shanghai Hongyang-linked vessel to go under hammer in early May sale
Dark fleet fears shift from high seas to the demolition beaches of Alang Pressure mounts to ease financial restrictions on scrapping sanctioned tankers at approved yards
Port Houston March rebound pushes Q1 volumes past 1M TEUs Port Houston posted a strong rebound in March cargo volumes, helping push first-quarter container traffic past 1 million twenty-foot equivalent units (TEUs) while total tonnage continued to climb on the strength of bulk commodities and exports. The port handled 391,037 TEUs in March, up 1% year over year, while first-quarter volumes reached 1,087,870 TEUs, a 2% increase from 2025, according to Po
Third straight decline in benchmark diesel as futures trend higher The weekly benchmark diesel price used for most fuel surcharges recorded its third straight decrease after weeks of higher numbers, but the recent direction of futures prices suggest the pullback may not continue. The Department of Energy\Energy Information Administration average weekly retail diesel price fell 5.2 cents/gallon to $5.351/g, published Tuesday and effective Monday. That's a decline
Corman's Broyles new chair of short line rail trade group The American Short Line and Regional Railroad Association (ASLRRA) has announced that Justin Broyles, president and chief executive of R.J. Corman, is the new chairman of the rail trade group's board of directors. Broyles succeeds Matt Walsh, executive vice president of global corporate development at Genesee & Wyoming Railroad Services, who served a full three-year term. Justin Broyles "Matt's s
ArcBest seeing positive trends amid market inflection Executives at ArcBest touted a strong business pipeline on a quarterly call with analysts on Tuesday, but noted that demand is still stabilizing and remains "below mid-cycle norms." It said a weak housing market and lingering softness in parts of manufacturing remain the headwinds. However, pricing is on the rise as the less-than-truckload industry "remains rational" and as the truckload market b
TruckSmarter Partners with SONAR To Deliver TRAC Spot Rates For Motor Carriers TruckSmarter is taking the freight industry into the future with the launch of Dispatch, combining AI capabilities into the industry's first chat-based interface built specifically for freight. Now, truck drivers can eliminate hours scrolling through traditional load boards. Instead, drivers can ask anything to find loads, deploy agents to execute actions, such as a bidding and booking, and even
TFI's Bedard optimistic about U.S. LTL, but some of its issues persist Alain Bedard, the CEO of TFI International, has never been shy about discussing the problems of his U.S. LTL operations, which the company built from the acquisition of UPS Freight in 2021. On a previous earnings call with analysts, he said the U.S. LTL operations of TFI were "t o o fat." On another call, he called some of the group's practices "stupid." Bedard had been more positive about the se
FedEx prepares to reactivate grounded MD-11 fleet in May FedEx Corp. is gearing up to resume flying 28 MD-11 freighter aircraft by the end of May with the support of Boeing despite no public sign that regulators are ready to lift a mandatory grounding of the platform in place since the fatal crash of a UPS cargo jet in early November, FreightWaves has learned. The integrated parcel and logistics giant intends to install a new bearing produced by Boeing
Trump extends Jones Act waiver for 90 days President Donald Trump has extended the Jones Act waiver for another 90 days, amid ongoing concerns over oil and gas supplies stemming from the effects of the Iran war. The Jones Act, enacted in 1920, requires cargo moved between U.S. ports to travel on vessels that are U.S.-built, U.S.-owned, and U.S.-crewed. In theory, that framework supports national security, maritime jobs, and a domestic shi
Florida Man Charged in $600,000 Produce Fraud Case Federal prosecutors have charged a Florida man in connection with a scheme involving more than $600,000 worth of onions and potatoes, according to the U.S. Department of Justice. The case involves a 39-year-old man from Spring Hill who is accused of carrying out a series of fraudulent transactions targeting produce suppliers across multiple shipments. According to court documents, the individual
First look: ArcBest Q1 results Freight transportation and logistics provider ArcBest beat first-quarter expectations as volumes stepped higher across the enterprise. ArcBest ( NASDAQ: ARCB ) reported a headline net loss of $1 million, or 5 cents per share, Tuesday before the market opened. Excluding items considered nonrecurring, adjusted earnings per share of 32 cents were 19 cents worse year over year, but 3 cents ahead of c
Phantom capacity tightens US-Mexico trucking market, Uber Freight says The U.S.-Mexico trucking market is tightening in early 2026, but not in the way traditional freight indicators suggest, according to Uber Freight. Instead of a demand-driven cycle, capacity constraints tied to security, compliance and driver qualification are reshaping how freight moves across the border - creating what one executive described as "phantom capacity." "We've basically seen in Q1 ...
Wabtec posts higher quarterly sales and earnings Wabtec's first quarter earnings rose as both of its business segments - freight and transit - reported stronger sales compared to a year ago. "Wabtec (NYSE: WAB ) delivered a strong start to 2026, with solid first quarter execution across our businesses driving double digit sales and adjusted EPS growth," Chief Executive Rafael Santana said. Wabtec's operating income increased 9%, to $517 million
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