DGTR recommends 5-year anti-dumping duty extension on Chinese aluminium imports
S&P, Fitch, Moody's raise India's FY27 GDP growth forecasts toward 7 pc
lmplementation of Ministry of Ports, Shipping and Waterways Notification S.O. 3690(E) dated 07.07.2026 exempting foreign vessels chartered by units established in the International Financial Services Centre (IFSC) from the requirement of licence under Section 11 of the Coastal Shipping Act, 2025
New Iranian rail corridor cuts transit times for Indian cargo bound for Eurasia
India to resume methanol exports to Bangladesh via National Waterway 2
Chennai Port's new Empty Container Yard an innovative capacity augmentation initiative
Weekly ocean container shipping market update
Cabinet sanctions INR 17,167 cr. outer harbour expansion at VOC Port
Dhamra Port now powered by 100% renewable electricity
Paradip Port gets "Mega Port" designation
Know more about GST
CONCOR reaffirms commitment to provide enhanced logistics solutions at Customer Meet in Kanpur; terminal network to be expanded
CBIC eases paperwork for concessional import tariffs under India-UK CETA
Cochin Shipyard acquires 23% stake in Dutch firm Conoship for Rs 2.3 million
US-India trade deal could shield exporters from 100% Russian sanctions tariff
GST Council set to enable metro rail cargo movement via e-way bill integration
Wind-powered cargo vessel makes its first call in Zeebrugge as part of regular Transatlantic service developed with the support of CMA CGM
HMM inks long-term iron ore shipping contract with leading global mining company
Port of Antwerp-Bruges renewing quays and extending concession area in Hansa Dock
Foundation stone laid for India's first port-based e-methanol plant at DPA; to position country as exporter of green fuel
American Cruise Lines christens its new American Ranger on the Hudson River Guilford, Conn.-headquartered, American Cruise Lines christened its brand new American Ranger in a ceremony held on the Hudson River last week. The ship is the third new ship the company has launched
WISTA International adds new associate membership category Broadening opportunities for organizations to join and support the WISTA (Women's International Shipping and Trading Association) community, WISTA International has created a new associate membership category. Devised for companies, institutions and organizations
Maersk in first-ever U.S.100% bioethanol bunkering The world's largest bioethanol producers, Sioux Falls, S.D.-headquartered POET reports that it supplied the plant-based bioethanol for the first 100% bioethanol marine bunkering operation in the United States., marking a significant milestone
Master Boat launches Titan for Suderman & Young Coden, Ala.-based Master Boat Builders Inc. reports that it recently launched the Titan (H502), the third of four RApport 3000-class escort tug ordered by Suderman & Young. "Titan reflects the continued strength
MARAD orders SUNY Maritime training ship to Norfolk to ready for Navy support ops In a post on its website, SUNY Maritime College reports that MARAD has issued a sailing order for the training ship Empire State to depart the college's tThroggs Neck, N.Y., campus on
FERRIES 2026: Panel to explore passenger ferries as a faster path to reliable transit As communities look for ways to ease congestion, expand transportation options and improve access to reliable public transit, passenger ferry service can offer an alternative that may be deployed faster and at
Great Lakes Towing orders two more Damen-design tugs from Great Lakes Shipyard The Cleveland, Ohio-based Great Lakes Towing Company has placed an order with sister company Great Lakes Shipyard for the construction of two more in its long running series of Damen Stan Tug
Port of Antwerp-Bruges commences quay renewal at Hansa Dock Port of Antwerp-Bruges began works in mid-September 2026 on the renewal of quays 231 and 239 and the reconfiguration of the intermediate inlet dock in the Hansa Dock. The project will deliver rehabilitated quay infrastructure and additional concession land to support future port activities, with works scheduled to run until the end of January 2028. The inlet dock between quays 231 and 239 will be
Port of Rotterdam adds electricity grid capacity in Europoort The Port of Rotterdam Authority and Deltalinqs have welcomed the announcement by TenneT and Stedin that additional electricity grid capacity in Europoort can be accelerated through the installation of a temporary transformer with a capacity of 500 MW. The expansion is expected to allow many companies in the port area to bring forward their expansion and sustainability investment plans, which have
Maersk revises fuel surcharges in Greece, Cyprus and Skopje Maersk has revised its truck fuel surcharges in Greece, Cyprus and Skopje, effective 28 September 2026. The carrier attributed the adjustments to higher fuel costs linked to the current situation in the Middle East. The revised surcharge levels are: Location Truck fuel surcharge Greece 27.5% Skopje 27.5% Cyprus 17.5% The temporary measure will remain in effect for as long as Maersk considers it n
Hapag-Lloyd revises Rhine low water surcharges Hapag-Lloyd will introduce revised low water surcharge levels for barge transport on the Rhine River from 1 November 2026. The surcharges will apply to import and export cargo until further notice. Rates depend on water levels recorded at the Kaub, Cologne, Duisburg-Ruhrort and Emmerich gauges. Hapag-Lloyd warned that deteriorating conditions could make barge transport operationally unviable. Tra
Konecranes targets 7% growth for Port Solutions under new strategy Konecranes has raised its financial targets as part of a new strategy focused on accelerating profitable growth, with its Port Solutions business targeting annual net sales growth of 7%. The Finnish lifting equipment group has also increased the profitability target for Port Solutions. The business now aims for a comparable EBITA margin of 9-12%, compared with the previous range of 9-11%. Konecra
Port Nelson reports revenue growth, but losses asset revaluation Port Nelson has reported an underlying net profit after tax of NZ$ 12.7 million for the year ended June 30, 2026, supported by strong cargo throughput of 3.8 million tonnes and revenue of NZ$ 96.3 million, 15% ahead of the prior year. The board has declared a dividend of NZD 6.5 million to shareholder IHL, owned by the Nelson City and Tasman District Councils. The strong underlying result was sig
Ports of Genoa strengthens ties with Georgia Ports A trade mission led by the Liguria Region has convened at the Port of Savannah, bringing together senior representatives from the Ports of Genoa and the Georgia Ports Authority to advance cooperation on port governance, intermodalism and transatlantic trade development. The Italian delegation included Massimiliano Nannini, Chief of Staff to the President of the Liguria Region, Davide Falteri, Pre
Samudera launches new India-Egypt service Samudera Shipping Line has launched a new fortnightly service connecting the Indian ports of Nhava Sheva and Mundra with Sokhna in Egypt. The new IRS service will operate with the following rotation: Nhava Sheva - Mundra - Sokhna - Nhava Sheva Samudera expects the service to provide a transit time of approximately 15 days from Nhava Sheva to Sokhna. The service will call at Bharat Mumbai Containe
Newport completes fleet-wide rollout of remote vessel monitoring system Newport has completed the deployment of M2INTELLIGENCE's GVMS remote monitoring system across its fleet, giving shore-based teams direct access to live and recorded visual information from onboard operations. The fleet-wide rollout creates a common monitoring environment across Newport's vessels. Shore teams can remotely follow activities in critical areas, review incidents and operational events
DHL Express to raise US shipment prices by 5.9% in 2027 DHL Express will increase shipment prices for its US account holders by an average of 5.9% from 1 January 2027. The company said a limited number of services and surcharges will also be adjusted as part of its annual pricing review. DHL cites inflation and operating costs DHL Express reviews its prices each year to reflect changes in operating conditions across its international network. The comp
Maersk revises export dry port surcharges in India Maersk has announced revised Dry Port Surcharge (DPS) levels for dry container exports from eight inland locations in India to destinations worldwide. The surcharge applies to cargo transported through Indian ports under AFLS arrangements. The new rates will take effect on 1 October 2026 for non-regulated countries and 26 October 2026 for regulated countries. The charges apply to 20-foot dry, 40-
Hapag-Lloyd confirms first SE1 sailings via Red Sea and Suez Canal Hapag-Lloyd has confirmed the first westbound and eastbound sailings of the Gemini Cooperation's SE1 service through the Red Sea and Suez Canal. The container ship Umm Qarn will operate both voyages. Direction Vessel Voyage Last call before Suez Departure Westbound Umm Qarn 642W Tanjung Pelepas 27 October 2026 Eastbound Umm Qarn 649E Algeciras 5 December 2026 The announcement follows the earlier
Hapag-Lloyd-ZIM: What is really at stake in the $4.2 billion deal Hapag-Lloyd's planned US$4.2 billion acquisition of ZIM is increasingly about more than adding another container carrier to its fleet. The transaction would strengthen Hapag-Lloyd's scale, expand its network in areas where ZIM has a strong presence and potentially generate US$300 million to US$500 million in annual synergies
JINGDONG Property to build 150,000-sqm logistics hub in Abu Dhabi JINGDONG Property has signed an agreement with KEZAD Group to develop a 150,000-square-metre logistics facility in Abu Dhabi, expanding the company's logistics infrastructure presence in the UAE. The facility will be built in KEZAD Area A - Al Ma'mourah and is expected to be delivered in 2028. It will combine warehousing with automated systems and digital operations, providing logistics infrastru
Israeli economy minister shifts position on $4.2 billion Hapag-Lloyd-ZIM deal Israel's Economy Minister Nir Barkat has reportedly reconsidered his opposition to Hapag-Lloyd and FIMI's proposed $4.2 billion acquisition of ZIM, following changes to the transaction and discussions with FIMI. According to Calcalist, Barkat now believes the deal could be approved and has instructed the Economy Ministry's professional staff to hold another meeting with representatives of Hapag-L
DP World signs agreement to develop new deep-sea port in Nigeria DP World and the Ogun State Government have signed agreements to develop a new deep-sea port and special economic zone in Nigeria. The Memoranda of Understanding (MoUs) cover the proposed Gateway Deep Seaport and the Ogun State Blue Marine Special Economic Zone. The agreements were signed in Paris on 24 September in the presence of Nigerian President Bola Ahmed Tinubu. Gateway Deep Seaport planne
Readers Speak: Suez return advances, but normality remains distant Container shipping activity through the Suez Canal is increasing, but readers are not yet convinced that the route has returned to normal. Recent weeks have brought a series of moves towards the Red Sea and Suez route. Hapag-Lloyd and Maersk are returning four Gemini Cooperation services, while MSC has partially restored Suez transits on its Indusa service. Meanwhile, the OOCL Portugal recently c
Maritime tech's scale problem comes under the spotlight at Splash Singapore Maritime technology may be attracting more money, more founders and more attention than ever, but last week's SplashTech Digital Leaders Forum in Singapore repeatedly returned to an uncomfortable question: can the sector produce genuinely scalable companies, or is most of the industry ultimately building acquisition targets? Opening the discussion, Su Yin Anand, CEO of GlobalOre ...
DryDel piles on kamsarmax tonnage at Tsuneishi Greek dry bulk owner DryDel Shipping has added two more ships to its Japanese newbuilding programme, signing up for a pair of 82,000 dwt kamsarmaxes at Tsuneishi Shipbuilding. The Costas Delaportas-led company has not disclosed the price or delivery dates for the latest vessels, which will be built to NOx Tier III and EEDI Phase ...
Zodiac opens LNG chapter with $500m Hanwha order Eyal Ofer's Zodiac Maritime is making its first move into the conventional LNG carrier sector, with shipbuilding sources placing the London-based owner behind a KRW680bn ($499.6m) order at Hanwha Ocean. The South Korean shipbuilder disclosed on Monday that it had won a contract covering two LNG carriers from an unidentified Africa-based shipowner. The deal will ...
Pan Ocean lands $110m Trafigura VLCC charter South Korea's Pan Ocean has fixed a VLCC to Trafigura Maritime Logistics for three years in a deal worth KRW148.18bn ($109.6m). The Harim-controlled owner disclosed the charter in a stock exchange filing, saying the vessel will start work on December 1 and remain with Trafigura until at least December 1, 2029. Trafigura has an option ...
A.P. Moller Capital strikes deal for Euroports majority A.P. Moller Capital has struck a deal to take control of Euroports, adding one of Europe's largest bulk and breakbulk terminal platforms to its growing transport infrastructure portfolio. The Copenhagen-based infrastructure investor has agreed to acquire a 53.35% stake in Thaumas, the holding company behind Euroports, from R-Logitech and Belgian public investment groups SFPIM and ...
Tullow books Noble drillship for Ghana campaign Offshore drilling giant Noble Corporation has been awarded a contract by Tullow Oil for one of its drillships. The London-based oil and gas player hired the 2013-built drillship Noble Faye Kozack for work offshore Ghana. The contract includes up to 10 wells and is expected to commence in mid-2027 after the unit wraps up work ...
Fugro survey supports Petronas fields off Malaysia Dutch surveyor Fugro has executed a geohazard site survey contract for Petronas Carigali for the Megah and Limbayong fields off the coast of Sabah, offshore East Malaysia. The development supports ongoing efforts to develop Malaysia's offshore resources. Fugro's survey delivered critical geo-data to identify seabed and subsurface hazards, enabling informed engineering decisions and supporting the
Uni-Tankers lines up eight stainless newbuilds Denmark's Uni-Tankers has lined up eight stainless steel chemical tanker newbuildings as it accelerates the replacement of older tonnage. The 7,600 dwt vessels will be built at state-owned Haidong Shipyard in Taizhou, China, with deliveries starting in 2028. Uni-Tankers confirmed the programme in a social media post on LinkedIn, describing the deal as part of ...
Siemens Gamesa taps Purus for offshore wind vessel support Spain-based wind turbine manufacturer Siemens Gamesa has taken Purus' service operation vessel Purus Horizon on a long-term charter for offshore wind maintenance in the North Sea. Purus has not identified the wind farms involved or disclosed the charter length or value. However, it said the vessel would start work early in 2027. The agreement marks ...
RCL signs third Huangpu Wenchong boxship series Thailand's Regional Container Lines has returned to CSSC Huangpu Wenchong for another four containerships, adding a new 3,100 teu class to its rapidly expanding orderbook at the Guangzhou-based builder. RCL signed for four of Huangpu Wenchong's in-house Honghu-series ships, taking its programme at the yard to 16 vessels across three designs - eight 4,488 teu ...
Marinakis pays up for prompt Exmar suezmax Evangelos Marinakis-led Capital Group has emerged as the buyer of Exmar's first suezmax newbuilding in a resale deal reported at more than $106m. Greek shipping and financial sources place Capital behind the 157,000 dwt hull HN5112, currently under construction at South Korea's DH Shipbuilding for delivery in 2027. The scrubber-fitted ship is the first of ...
Heavy-lift drones move nine tonnes during offshore wind campaign Cargo drones have moved beyond short demonstrations into sustained offshore operations, with RWE and Ampelmann completing more than 250 drone flights during a six-week maintenance campaign at the Triton Knoll wind farm off the UK. More than nine tonnes of tools, spare parts and safety equipment were transported between a service operation vessel and wind ...
ZIM workers reject sweetened Hapag-Lloyd takeover offer Opposition to Hapag-Lloyd's $4.2bn takeover of ZIM is showing little sign of fading in Israel, with workers rejecting the German carrier's substantially revised proposal despite new commitments covering Asian services, employment and maritime security. ZIM labour union chief Oren Caspi said the revised structure still left Israel dangerously dependent on foreign-controlled shipping because the Is
India's Cochin Shipyard buys into Dutch ship designer Conoship India's Cochin Shipyard has agreed to acquire 23% of Dutch naval architect Conoship International for €2.3m ($2.62m) as the state-controlled builder looks to strengthen its position in European shortsea shipping. Cochin signed a share purchase agreement and a shareholders' and cooperation agreement, following board approval earlier this year. The transaction has received clearance from India's ...
Brazil puts container demurrage rules under review Brazil has opened a formal review of its container demurrage rules, putting one of the country's more contentious liner charging issues back on the regulatory agenda. Waterway regulator ANTAQ has launched a public call for evidence covering container demurrage under Resolution 62/2021. The exercise is based on a preliminary regulatory impact assessment and forms part ...
Asian box port congestion could take 10 months to unwind Asia's container congestion problem is increasingly looking less like a temporary weather event and more like a supply-chain headache that could persist well into 2027, with regional freight rates already hitting record levels. Sea-Intelligence calculates that 8.5% of the global containership fleet is currently absorbed by delays, equivalent to roughly 3m teu of capacity - ...
Enjoy the tanker party, but watch the hangover Tanker markets may be producing extraordinary returns, but the message from last week's Splash Singapore tanker panel was far from euphoric: enjoy the money, lock in cashflow where possible and be very careful about assuming today's distortions will last. Opening the session, moderator Gus Majed, group CEO and founder of Paratus, painted a market transformed ...
Sanctioned ships retreat under the Russian flag Russia has increasingly become the flag of last resort for sanctioned shipping as Western pressure closes down the network of open and fraudulent registries that helped keep Moscow's energy exports moving. A new study from the Centre for Research on Energy and Clean Air (CREA) identified 107 vessels joining the Russian registry between January 2025 ...
Xi-Trump summit delivers shipping reprieve Shipping emerged as one of the quieter winners from Xi Jinping's three-day visit to Washington last week, with the US and China extending their trade truce, opening the door to additional commodity flows and making a notable joint statement on freedom of navigation through international waterways. The most immediate development is the two-month extension of ...
Shipping earnings surge deeper into record territory Shipping earnings have pushed further into uncharted territory, with Clarksons' cross-sector ClarkSea Index hitting a third consecutive all-time high of $66,421 a day, up another 3% last week and more than 50% since the end of August. The benchmark is now nearly three times its long-term average, with the 2026 year-to-date average running 60% higher ...
MSC's Global Car Carriers lifts orderbook to 20 MSC-controlled Global Car Carriers has added another eight large LNG dual-fuel car carriers in China, taking its newbuilding programme to 20 ships worth more than $2bn. The former Gram Car Carriers has booked four additional 8,600 ceu PCTCs at China Merchants' Weihai yard, two at Guangzhou Shipyard International and another two at Fujian Mawei Shipbuilding. ...
Genco keeps poison pill alive through 2027 Genco Shipping & Trading has extended its shareholder rights plan for another year, keeping its takeover defence in place well beyond the collapse of Diana Shipping's nine-month pursuit of the US-listed bulker owner. Genco revealed the plan on Friday, pushing its final expiry date from September 30, 2026 to September 30, 2027. The board cited ...
Hunter makes Mathiesen permanent CEO Oslo-listed Hunter Group has made Erik Mathiesen its permanent chief executive as the tanker investment outfit prepares for life beyond its current VLCC charter setup. Mathiesen, who has been serving as interim CEO since the end of April, will take on the role permanently from October 1. He was brought in after Hunter decided earlier ...
SAIC Anji goes supersized with fresh car carrier tender China's SAIC Anji Logistics is preparing another major step up in car carrier size, launching an international tender for two 11,000 ceu LNG dual-fuel newbuilds. The logistics arm of state-owned automaker SAIC Motor said the bids due by October 15 and that the funding for the project has already been secured. The first ship should ...
Shipping's answer to geopolitics: go around Wars and chokepoint disruption are reshaping trade lanes, but the industry's instinct remains the same: find another route.Sunil Kapoor reports. In recent months, I have repeatedly been asked the same question: "How is your ship being affected by what is happening in the Strait of Hormuz?" The headlines suggest that every vessel connected with Middle ...
'30-for-30' tariff deal to lift China-US long haul at expense of Asean rerouting Any cargo the tariff deal pulls back on to direct China-US services could land in a transpacific market already short...
The week in newbuildings: Activity remains strong with 44 new ships contracted A total of 44 newbuildings were confirmed during the past week across the containership, dry bulk, gas, tanker and ro-ro...
AP Moller Capital targets Europe's commodity gateways with Euroports acquisition AP Moller Capital's acquisition of a majority stake in Euroports expands its footprint across a network handling more than 70m...
EU seeks more warships for Aspides as ship escort requests surge EU foreign policy chief Kaja Kallas says commercial vessels are now queuing for Red Sea naval escorts as Operation Aspides...
The week in charts: Iran's ship attacks show strategy of disruption not discrimination | Abu Dhabi emerges as container shipping's Hormuz shuttle operator Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Port delays remove 3m teu of containership capacity Congestion is absorbing 8.5% of the global fleet and may persist into the pre-Chinese New Year cargo peak, according to...
Puntland forces free hijacked tanker Sibu 1 and arrest 47 pirates Puntland security forces have freed the sanctioned tanker Sibu 1 and arrested 47 suspected pirates following a two-day operation, ending...
Zodiac expands fleet strategy into LNG shipping with Hanwha Ocean order Zodiac Maritime has contracted two firm, plus two options, LNG carriers from Hanwha Ocean marking its first entry into LNG...
How healthy is the marine insurance market? Record premiums, softening rates and war risk dominated debate at IUMI 2026. Lloyd's List's marine insurance editor David Osler was...
Iran says US rejection of Hormuz reopening plan not formally relayed Conflicting signals from Washington and Tehran cloud prospects for a deal, while attacks on commercial shipping keep the strait firmly...
Daily Briefing Why are spot container rates to the US more than double rates to Europe? | Abu Dhabi emerges as container...
Longshore unions take automation ire out on DP World With the current British Columbia longshore contract expiring in March 2027, it's not clear if the union statement is aimed at a new technology project planned for Centerm in Vancouver or a bargaining chip for those negotiations.
Asia port congestion could bleed into 2027: analysts Stress on the global shipping systems has been building since the summer, thanks to earlier peak seasons on Asia trades to North America, Latin America and Europe.
Diesel price hits UK record, piling costs on road hauliers With prices continuing to rise, calls are growing from industry groups for the government to double the current 5 pence per liter cut in the fuel duty that in June was extended to the end of the year.
Video Q&A: Tidewater CEO looks ahead as first and largest offshore vessel owner turns 70 TradeWinds sits down with Quintin Kneen to discuss US company's latest M&A deal and the markets where its next one might take place
Monthly Hormuz crude exports swing back above 10m barrels per day for first time since war's start Kpler records 'solid rebound' as Gulf VLCC rates hold ground above $1.2m per day
VLOC duo reported sold at highest values in more than 10 years Sale shows values for ore carriers of this vintage have surged
Shipping given a two-month break from further US-China disruption as port fees postponed Major trade organisations called for incoming rules to be delayed
Kyla Shipping deal with Piraeus Bank ends arrest lawsuits Greek ship manager says its wider fleet operated without interruption during dispute
Indian shipyard targets European clients as it buys into designer Conoship Cochin Shipyard takes 23% stake in Dutch vessel design house
Maritime visibility tech firm scores $140m in growth capital Mix of equity and debt to help Quartermaster expand its data and awareness network, hire engineers and more
VLOC duo reported sold at highest values in 10 years Sale shows values for ore carriers of this vintage have surged
Shipping gets a two-month break from further US-China disruption as port fees postponed Major shipping organisations have pushed back on the incoming rules
Greek owner Costas Delaportas expands $1bn newbuilding bet with fresh orders DryDel Shipping books latest pair of kamsarmaxes at Tsuneishi Shipbuilding in Japan
Gard calls on world leaders to respect global shipping rules World's largest marine insurer reports fall in profit and bigger portfolio with gains in Greece and Asia
Maersk uses corn ethanol to bunker container ship in US first Newly delivered vessel takes on alcohol fuel in Mobile, Alabama
UK shipowner Bibby Line sees profit hit by £40m investment drive Vessel use also falls after major charters are completed
Not on my watch: Trump dumps on 'obscure' IMO's net-zero plan US president signalled continued opposition to first industry-wide carbon pricing mechanism
George Procopiou scores landmark suezmax sale in unstoppable tanker S&P market Vessel built 17 years ago sells for at least $90m, trouncing current market valuations
China puts US coal back in play after Trump-Xi meet Beijing confirms tariff relief without repeating Washington's annual 10m-tonne figure
Sanctioned tanker at risk of running aground after engine failure False-flagged tanker was arrested at Indian port of Paradip in May
Petros Panagiotidis shipowning firm backs green energy business in $5.5m bond deal LPG carrier owner Robin Energy reveals convertible notes investment in Ireland
Zodiac Maritime breaks into LNG carrier business with $500m Hanwha order Owner makes debut deal in the segment, with order for up to four ships
Ostergaard-Nielsen family orders eight tankers in fleet renewal push New chemical carriers will be backed by long-term charters
Product tanker values yet to catch up to raging rates, Clarksons says Secondhand MR prices have further to go, based on rising spot and term freight earnings
Great Eastern boosts fleet with Zodiac Maritime suezmax newbuilding Indian shipowner buys 157,000-dwt crude carrier resale to be built in Vietnam and due for 2029 delivery
AP Moller Capital buys majority stake in Euroports Group Euroports manages more than 50 deepsea and inland terminals in Europe and China
Russia steps up Black Sea blockade with strikes on four Ukraine-trading vessels Maritime ceasefire between Russia and Ukraine looks more elusive than ever, as Putin pours cold water on proposals
'Mad rush': How Trump's diesel ban could shake up tanker market Embargo would send South and Central American and European buyers looking elsewhere as prices rise
Don't short tanker stocks, ABG says after Trump rejects Iran's Hormuz offer Frontline and Capital Tankers shares gain in Oslo
Russia removes oil from wrecked tankers two years after disaster that infuriated Putin Two converted inland tankers broke up in fierce storms in Kerch Strait in 2024
Elderly VLCCs almost double in value in 'once in a lifetime' market Signal Group finds secondhand tanker prices have risen faster the older the vessel
Video: Fire rages on Greek truck carrier abandoned off Mykonos Authorities scramble to organise response to disaster on Attica Group vessel
Braemar brings in investment banker as strategy chief as new boss rebuilds Camilla Hume is latest appointment made to strengthen the management team
Oaktree reveals slimmed-down stake in Torm after $163m share sale Securities filing shows private equity giant has less than 6.2%
New Iraqi petrol import plan revealed to dodge dangers of Hormuz Imports of petrol will now be trucked to Middle East receiver
Genco keeps 'poison pill' defence in place despite seeing off Diana takeover Deal is aimed at stopping rival gaining control through public purchases of stock
Braemar brings in investment banker as strategy chief as new boss eyes deals Camilla Hume is latest appointment made to strengthen the management team
RCL builds orderbook to $1.45bn with deal for four container ships The Asian liner company now has 24 newbuildings worth around $1.45bn
Pan Ocean lands $109.6m VLCC fixture as Trafigura builds fleet Deal emerges one week after the trader unveiled its Oslo-bound tanker vehicle
Norwegian player Utkilen scours yards for latest newbuilding push Chemical tanker owner wants to refresh fleet with its largest ships yet
Singapore could see ethanol bunkering in coming months, green fuels chief says Clarence Woo says bilateral deals can work before dedicated marine pricing emerges
A Conversation With EAIGLE's Leadership on Cargo Theft, Data Ownership and What a Smart Gate Actually Knows The pitch for automated gate technology is almost always throughput, and the numbers are genuinely impressive, but a gate that clears a truck in three seconds is also a gate that has removed a human being from the one moment where somebody might have looked at a document and thought something about it felt wrong, which is exactly the moment strategic cargo theft is designed to exploit. So that is
Freight Distress Report: Logistics, manufacturing cuts put 1,850 jobs on chopping block A new round of layoffs and facility closures is rippling through the U.S. freight economy, with delivery contractors, logistics providers, food manufacturers and packaging companies announcing cuts affecting about 1,850 workers. The latest Freight Distress Report includes job reductions or closures at 15 companies across Texas, California, Georgia, Pennsylvania, Maryland, Ohio, Alabama, Indiana a
U.S. terminates website that sold $126M in phony postage labels U.S. law enforcement authorities have seized an internet domain after charging a Pakistani national with operating an unauthorized website that allegedly sold more than 5 million counterfeit U.S. Postal Service postage labels, resulting in more than $126 million in losses. The counterfeit labels allowed customers to ship packages at deeply discounted prices, resulting in a substantial loss of rev
5 Hours to Book a Truck? AI Is Coming for That AI load negotiation is getting real for carriers - and it could cut hours out of booking a truck. Gabe Ribeiro of Hey Bubba AI breaks down where fleets actually stand on AI, why small carriers still aren't far behind, and how AI can negotiate with multiple brokers at the same time through email, calling and APIs. He also gets into the trust issue, data safety, and the simplest way fleets can star
Diesel Up 10 Cents, Spot Rates Up 2: Margin Squeeze Diesel is up 10 cents in a week while truckload spot rates only gained 2 cents - and that margin squeeze is the real freight market story. In this update, we break down stable tender rejections around 14%, elevated but flattening spot rates, rising contract rates, tight capacity, intermodal share gains and why weak housing and automotive demand are still capping the upside. If you run trucks, buy
Suez return speeds up Savannah India service by 10-14 days The return of container services to the Suez Canal is accelerating cargo flows from India to the Port of Savannah. The return of selected container services to the Suez Canal is accelerating cargo flows from India to the Port of Savannah by 10 to 14 days, giving importers faster inventory replenishment and potentially lowering inventory-carrying costs, Georgia Ports Authority officials said. Maer
Puma opens U.S. distribution centers to third parties Danish shipping and integrated logistics group A.P. Moller-Maersk has taken over management of Puma's three large, highly automated distribution centers in the United States and has turned them into multi-client facilities to increase utilization and revenue. Puma ( XETRA: PUM ) will let Maersk rent out unused space to other companies. The Germany-based sportswear manufacturer has an existing lon
'Higher rates, less reliable service': Family farmers oppose rail merger The National Farmers Union is urging the Surface Transportation Board to reject the proposed Union Pacific (NYSE: UNP )-Norfolk Southern (NYSE: NSC ) merger, arguing that further rail consolidation would weaken competition and raise transportation burdens for family farmers. In a statement, NFU President Rob Larew said the proposed combination risks repeating the effects that agricultural shipper
Airlink founder Steve Smith named to lead Airforwarders Association The Airforwarders Association has named former Airlink chief executive Steve Smith as executive director to replace Brandon Fried, who will retire in December. The Airforwarders Association represents logistics companies that manage freight transportation moving on airlines before Congress, federal agencies and industry partners. Smith founded Airlink in early 2013 and grew it from a one-person s
No mention of U.S.-China ship taxes in trade truce U.S. port-entry fees targeting China-linked and China-built vessels remain scheduled to resume Nov. 10, even after Washington and Beijing agreed last week to extend their broader trade truce until Jan. 10, 2027. The discrepancy leaves liner operators and cargo interests awaiting a formal U.S. Trade Representative action that would align the maritime-fee suspension with the newly extended diplomat
Lowe's test drives drone delivery Lowe's is launching a drone delivery service in partnership with DoorDash and Alphabet's Wing to increase same-day delivery speed, making it the first home improvement retailer to use unmanned aerial vehicles for e-commerce fulfillment. Drone service is available for select products as a pilot program at Lowe's store in Matthews, North Carolina, the company announced on Thursday. Lowe's ( NYSE: L
Everything I Got Right and Wrong About the Tesla Semi After Finally Driving One Back in May 2023 I called the Tesla Semi a glorified day cab with poor driver positioning and weak features. In July 2025 I said that outside of what it could do as an electric truck, it was never appealing from a driver's standpoint, and that current cab configurations ran circles around it on comfort, especially as legacy OEMs moved to electric while keeping the same cab standards as their dies
Per diem: one approach is stable, other is higher One key per diem rate used by truckers will be unchanged in the fiscal year that begins October 1 while another will increase. The Internal Revenue Service last week said its transportation-specific meals and incidental expense rate will remain at $80 per day for travel within the continental U.S. and $86 for travel outside of it. That per diem rate is specific to workers in the transportation in
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