BAR Technologies: Stop treating decarbonization as a "future fuel" problem A new study by EY Greece has warned that shipping's transition to net zero will be uneven and capital intensive, constrained by factors including alternative fuel availability, infrastructure, shipyard capacity, access to
Seaspan Energy completes its 150th ship-to- ship LNG bunkering North Vancouver, B.C. -based Seaspan Energy reports that, less than two years after launching operations, it has completed its 150th ship-to-ship LNG bunkering and is now ranked seventh globally by LNG bunkering
Borr Drilling completes $287M acquisition of five jack-ups through new JV Borr Drilling Limited (NYSE: BORR) reports that BC Ventures Limited, a new 50/50 joint venture between the company and its long-term well construction partner in Mexico, has completed the acquisition of five
Port security: GAO sees risks in TWIC card program While the Transportation Worker Identification Credential, also referred to as the TWIC card, helps protect U.S. ports from terrorist attacks, the Government Accountability Office (GAO) has found a risk of people with
Damen to deliver new ASD Tug 2312 to Svitzer by end 2026 Copenhagen, headquartered towage specialist Svitzer has awarded Damen a contract for an ASD Tug 2312. The vessel is scheduled for delivery in late 2026 and will enter service in the Port of
Port NOLA names Brad Guilmino VP of finance and innovative delivery The Port of New Orleans (Port NOLA) has appointed Brad Guilmino as vice president of finance and innovative delivery. In that role, Guilmino, a Louisiana native with 25 years of financial and
Port of New Orleans appoints Vice President of Finance and Innovative Delivery The Port of New Orleans has announced the appointment of Brad Guilmino as Vice President of Finance and Innovative Delivery, bringing 25 years of financial and infrastructure experience to a senior leadership role focused on major capital project development and key financial management functions. His primary area of focus will be the successful delivery of the Louisiana International Terminal. G
Maersk updates Australian coastal services with Fremantle omission and Brisbane call reinstatement Maersk has announced schedule changes affecting its Greater Australia Connect (GAC) and Eastern Australia Connect (EAC) services, including a Fremantle port omission and the reinstatement of a Brisbane call. On the GAC service, SYDNEY EXPRESS 629S/632N will omit Fremantle to reduce delays and protect the vessel's forward schedule. As a result, import transhipment cargo for Fremantle departing Mel
Port of Oakland commission european-built ship-to-shore cranes The Port of Oakland and TraPac have celebrated the commissioning of the first two of four new electric Liebherr ship-to-shore cranes at TraPac's Oakland terminal, marking the arrival of the first European-built ship-to-shore cranes ever delivered to a US West Coast port. Manufactured by Liebherr in Ireland, the cranes arrived in sections in January 2026 and were assembled on-site by Pacific Crane
Sallaum Lines orders another 8,600 CEU PCTC from China Merchants Shipyard Sallaum Lines has signed a shipbuilding contract with China Merchants Shipyard for one 8,600 CEU Pure Car and Truck Carrier (PCTC), with an option for a second vessel. The newbuild will feature LNG dual-fuel propulsion and an ammonia-ready design. Delivery is scheduled for 2029. The latest order follows a separate agreement announced earlier this month with Xiamen Shipbuilding Industry for two fi
10 Reasons Why Terminals Need TOPX Expert High Precision Planning Container terminals are under more pressure than ever. Vessel sizes are increasing, shipping schedules are tightening, labor costs continue to rise, and customers expect faster, more predictable turnaround times. Yet many terminals still operate with reactive planning models that create constant operational firefighting. This is exactly why terminals are turning to TOPX Expert High-Precision Plan
Hutchison Ports BEST opens expanded Navarra Intermodal Terminal Hutchison Ports BEST has officially inaugurated the expanded Navarra Intermodal Terminal (TIN) in Noáin, Spain, following a modernization project valued at more than €10 million. The investment has tripled the terminal's operational capacity and is aimed at strengthening rail freight connections between Navarra and the Port of Barcelona, providing regional businesses with improved access to inter
Explainer: China's shipyards invert escalation asymmetry A record first half has turned Beijing's shipbuilding dominance from a forecast into a fact and left Washington's main lever of pressure looking obsolete. Shipowners ordered 121.06m deadweight tonnes from Chinese yards in the first half of 2026 up 173.1% year on year, and 82.3% of all tonnage ordered worldwide
Bureau Veritas raises 2026 outlook after stronger first-half performance Bureau Veritas has upgraded its full-year 2026 guidance after reporting higher revenue, improved profitability and continued progress with its portfolio transformation strategy during the first half of the year. The company posted revenue of €3.26 billion in the first six months of 2026, up 2.1% year-on-year and 5% organically. Organic growth accelerated to 5.5% in the second quarter. Adjusted op
DP World completes dredging at port of Ndayane DP World has reached a major construction milestone at the Port of Ndayane in Senegal, completing major dredging works 13 months ahead of the original September 2027 schedule, following early mobilisation in December 2024. The early completion allows quay construction and other critical marine works to begin sooner, supporting momentum toward the port's planned completion in 2028. The dredging pr
How drone threats are rewiring global shipping As drone threats spread from the Black Sea to the Strait of Hormuz, risk that was once measured corridor by corridor is collapsing into a single shared pool and the escape routes shipowners have leaned on for three years are running out
Iran rejects Oman's Strait of Hormuz management proposal Iran has rejected Oman's proposal for a new management system for the Strait of Hormuz. The decision reduces hopes for a quick diplomatic breakthrough. Oman presented the proposal to Iranian officials over the weekend. Gulf states reportedly support the plan. The proposal would create a joint regional management system for the strait. It would replace sole Iranian management with a broader region
Maersk expands temporary inland fuel surcharges across multiple markets Maersk has announced new and updated temporary inland fuel surcharges in Mexico, Poland, Germany, Austria, Switzerland, Belgium, the Netherlands and Luxembourg, citing higher energy costs linked to the situation in the Middle East. The carrier said the measures are designed to offset rising fuel costs affecting inland and intermodal transport operations. In Mexico, Maersk will introduce a tempora
CMA CGM and Stonepeak complete UNITED PORTS joint venture CMA CGM and infrastructure investment firm Stonepeak have completed the formation of UNITED PORTS LLC, a joint venture that brings together a portfolio of major container terminals across five countries. The transaction follows all required regulatory approvals. As previously announced, Stonepeak has invested US$2.4 billion to acquire a 25% stake in the company, while CMA CGM retains 75% ownershi
Hapag-Lloyd reopens bookings to Upper Gulf via alternative routes Hapag-Lloyd has reopened bookings to and from Upper Gulf destinations, using inland transport and third-party feeder services that avoid the Strait of Hormuz. The revised routing covers cargo moving to Kuwait, Saudi Arabia, Iraq, Qatar, Bahrain and the United Arab Emirates. Cargo bound for the UAE will be transshipped via Fujairah or Khorfakkan before reaching its final destination by landbridge.
Port of Savannah reports 18% growth in June volumes The Port of Savannah handled 483,684 TEUs in June, an increase of 18% compared with the same month last year, closing fiscal year 2026 on a strong note. For the full fiscal year (1 July 2025 - 30 June 2026), Savannah handled 5.67 million TEUs, slightly below the 5.7 million TEUs recorded a year earlier. The Appalachian Regional Port posted a record year. The inland terminal handled 49,319 intermo
U.S. announces new tariffs on imports from more than 60 countries The United States has announced a new package of tariff measures affecting imports from more than 60 countries, alongside additional duties targeting products from Canada and Brazil. The measures include new Section 301 tariffs and country-specific duties. Their application depends on the product's tariff classification, country of origin and any available exemptions. From 24 July 2026, imports f
Jacksonville advances air draft project for larger container ships JEA has begun helicopter operations to support the next phase of the Jacksonville Air Draft Improvement Project, which will increase clearance for larger vessels calling JAXPORT's Blount Island Marine Terminal. The project will raise the electric transmission lines crossing the St. Johns River at Fulton Cut from 185 feet to 225 feet. This will provide 205 feet of operational clearance, allowing l
CMA CGM reports higher revenue and earnings in second quarter CMA CGM Group reported strong financial results for the second quarter of 2026, supported by higher shipping volumes, firm freight rates and growth across its logistics, terminals and air cargo businesses. Group revenue increased 19.2% year on year to US$15.7 billion. EBITDA rose 31% to US$3 billion, while the EBITDA margin improved from 17.3% to 19%. Net income attributable to the Group reached
ABS grants AiP for U.S.-built LNG bunkering ATB design ABS has awarded Approval in Principle (AiP) to Samsung Heavy Industries (SHI) and Conrad Shipyard for the basic design of a 12,000-cubic-metre LNG bunkering articulated tug-barge (ATB) planned for construction in the United States. The approval follows a memorandum of understanding between SHI and Conrad Shipyard to jointly build LNG bunkering ATBs for the U.S. market. ABS said it completed the d
Hapag-Lloyd skips La Spezia and Genoa calls on two Europe services Hapag-Lloyd has announced temporary schedule changes on two Europe services, with vessels omitting calls at La Spezia and Genoa as part of schedule recovery measures. On the SE2 service, MV AXEL MAERSK V.624W/630E will skip La Spezia, where it was due to call on 28 July. Import cargo will instead be discharged at Vado Ligure Terminal, with the vessel scheduled to arrive on 1 August. Export cargo
North Sea Port returns to growth in second quarter North Sea Port handled 16.8 million tonnes of seaborne cargo in the second quarter of 2026, an increase of 0.8% compared with the same period last year. The result marks a recovery after a weak first quarter. Growth came mainly from containers, breakbulk and RoRo cargo. Container throughput rose 12.7%, while breakbulk increased 13.3% and RoRo volumes grew 3.9%. Bulk cargo delivered mixed results.
Global container ports report mixed results in first half of 2026 Container ports around the world delivered mixed performance during the first half of 2026, with growth driven by several regional gateways while Europe's largest hubs remained largely flat. The Port of Rotterdam remained the busiest port in the group, handling 7.02 million TEUs. Throughput edged down 0.1% from the same period in 2025. Antwerp-Bruges processed 6.8 million TEUs, a 1.5% year-on-yea
Top Ships turns Dubai refund into MR tanker trio Greek tanker owner Top Ships has redirected funds from its abandoned Dubai property play into three MR tanker newbuildings, taking its orderbook in the segment to 10 vessels. The New York-listed company has agreed to acquire three special-purpose companies from a related party, each holding a contract for a scrubber-fitted MR product tanker due for ...
Pelagic Credit seals $47m Hartmann bulker leaseback Oslo-listed Pelagic Credit has struck a $47.4m sale-and-leaseback deal for three Hartmann-controlled handysize bulkers, marking its first investment in the dry bulk sector. The Limassol-based shipping investor will acquire the 2016-built Federal Alster and 2017-built sisters Federal Mosel and Federal Ruhr. The three ships are each around 36,600 dwt. The vessels will be chartered back ...
Allseas scores Canadian LNG pipeline installation deal Western LNG has awarded a contract to Swiss-based marine construction specialist Allseas for the installation of the critical subsea section of the Prince Rupert Gas Transmission (PRGT) pipeline in northwest Canada. Located in the remote waters of north-western British Columbia, near the Alaska border, the subsea pipeline forms the final link in a 700 km ...
Taiwan charts offshore wind growth through 2039 Taiwan has laid out plans to add as much as 18GW of offshore wind capacity by 2039 as rising power demand from the island's semiconductor, artificial intelligence and high-tech sectors puts pressure on electricity supply. The Ministry of Economic Affairs' 2026-2039 Offshore Wind Power Medium- and Long-Term Promotion Plan targets total installed capacity of between ...
JME adds to New Dayang ultramax series Greek owner JME Navigation has returned to China's New Dayang Shipbuilding for another ultramax, securing one of the yard's remaining 2030 delivery positions. Brokers report that the 64,000 dwt Crown 63 vessel is due in early 2030. The contract was reportedly signed some time ago but has not been announced by JME, New Dayang or ...
Repair options boosted in South Africa Transnet National Ports Authority (TNPA) has docked the Marshall Islands-flagged crude oil tanker Troy at the Port of Durban's Prince Edward Graving Dock. Measuring 228 m in length, with an extreme breadth of 32.2 m and a deadweight capacity of 73,180 tonnes, Troy is among the longest vessels to utilise the Prince Edward Graving Dock. ...
Sallaum Lines expands car carrier orderbook with fresh China deal Sallaum Lines has returned to China Merchants Shipyard for another large car carrier newbuilding, signing for one firm 8,600 ceu vessel with an option for a second. The LNG dual-fuel ship will be built ammonia-ready and is scheduled for delivery in 2029.The latest contract follows Sallaum's order last month for two firm and two optional ...
BGN launches US Gulf bunkering arm Energy trader BGN has launched its first US retail bunkering operation, supplying conventional marine fuels from Houston across the Gulf Coast. The new business will offer high sulphur fuel oil, very low sulphur fuel oil and marine gasoil to shipowners calling at ports across the region. BGN will initially use the operation to supply its ...
Dry bulk volatility is no longer the risk: it's the business model Thomas Zaidman, CEO, Sagitta Marine SA, argues that making commercial decisions is now more about managing uncertainty than trying to eliminate risk. For decades, the dry bulk freight market could be understood through a relatively straightforward framework. Freight rates rose and fell with Chinese steel production, agribulk-related seasonality, fleet growth and the larger cycles of ...
Zhenghe Mainline books six boxships at Hengli Chinese state-owned carrier Zhenghe Mainline has returned to Hengli Shipbuilding for six 4,600 teu containerships in a deal worth more than RMB3bn ($443m). The ships will be deployed on a service linking Taicang with the Baltic after delivery, giving parent Jiangsu Port Group greater control over capacity serving exporters in eastern China. The carrier also ...
Steven Neal elected Port of Long Beach board president Steven Neal has been elected president of the Long Beach Board of Harbor Commissioners, the five-member body overseeing the Port of Long Beach. Neal will succeed Frank Colonna when the board's new officers begin their one-year terms on August 10. The commission also elected Sharon L. Weissman as vice-president and Bobby Olvera Jr as secretary. ...
IACS chief Robert Ashdown takes helm at Stella Maris UK International Association of Classification Societies (IACS) secretary-general Robert Ashdown has been appointed chair of trustees at seafarer charity Stella Maris UK, succeeding Captain Esteban Pacha, who steps down after eight years in the role. Ashdown returns to the maritime welfare charity after previously serving nine years as a trustee, bringing extensive industry experience and continuity
Jinhui seals double newbuild leaseback Jinhui Shipping and Transportation has secured up to $36m through sale-and-leaseback deals covering two ultramax bulk carriers under construction in China. The Oslo- and Hong Kong-listed owner has agreed to sell the two 64,500 dwt newbuildings to separate leasing vehicles for up to $18m each before bareboat chartering them back for periods of up to ...
Zodiac secures early Hengli slots for boxship series Eyal Ofer's Zodiac Maritime has been linked to an order for eight 6,400 teu containerships at China's Hengli Heavy Industry, extending a boxship newbuilding drive now worth more than $1.6bn. Brokers price the vessels at around $80m each, putting the total investment at $640m. Deliveries are scheduled across 2028 and 2029. The London-based owner and ...
COSCO plots $1.1bn Tianjin mega yard COSCO Shipping Heavy Industry is moving ahead with plans for an RMB8bn ($1.1bn) shipbuilding base in Tianjin featuring two VLCC-scale drydocks, adding another significant block of capacity to China's rapidly expanding shipbuilding industry. New environmental filings show the greenfield yard will occupy 145.9 hectares in Tianjin's Lingang Economic Area and use around 1,736 m of ...
Drone war pushes Russia to weaponise commercial shipping Ukraine claims its drones have struck 201 Russian-linked ships in just over three weeks, an extraordinary tally that has pushed Moscow towards arming grain carriers and further blurred the distinction between merchant shipping and military operations in the Black Sea. Robert Brovdi, commander of Ukraine's Unmanned Systems Forces, said Operation MoLoChKa had hit 129 vessels ...
US-Iran attacks resume Iran and the United States have resumed attacks, ending a lull and injecting fresh uncertainty into shipping through the Strait of Hormuz. US Central Command said Iran launched multiple ballistic missiles in a surprise attack on American forces on Tuesday, with all projectiles intercepted. Jordan said its air defences destroyed five Iranian missiles. US and ...
Houthis keep up pressure on Saudi shipping Tuesday saw Yemen's Houthis target a fourth Saudi-linked tanker since declaring a blockade of the kingdom's ports, maintaining pressure on the Red Sea oil route despite a partial recovery in traffic through Bab el-Mandeb. The group said it fired ballistic missiles at the 49,990 dwt chemical and products tanker NCC Ghazal for ignoring warnings and ...
Diana turns valuation screw on Genco Diana Shipping has raised the prospect of cutting its $27.34-per-share takeover proposal for Genco Shipping & Trading after claiming the US-listed owner's fleet has shed $50m in value since early June. The Athens-based owner cited VesselsValue data placing Genco's 43-ship fleet at $1.433bn on July 28, down 3.4% from a peak of $1.483bn in early ...
HD Hyundai launches first ship from Subic yard HD Hyundai Heavy Industries Philippines has launched the first vessel constructed at its Subic shipyard, marking the start of full-scale shipbuilding operations at the revived facility. The Orion Jade, the first of a four-ship order, measures 250 metres long, 42 metres wide and 21 metres deep. Construction began in September 2025 with a steel-cutting ceremony ...
Nickel ore trade surges, safety concerns mount The seaborne nickel ore trade is expanding rapidly, generating additional employment for supramax and ultramax bulkers while renewing scrutiny of one of shipping's most dangerous cargoes. Global seaborne nickel ore volumes climbed by more than 22% year on year to 26.1m tonnes during the second quarter, according to Signal Ocean data. Broker Braemar said nickel ...
Paratus completes rig exit with sale to Borr-led venture Offshore jackup rig player Borr Drilling has completed the acquisition of five premium jack-up rigs from Paratus Energy subsidiary Fontis Finance for a purchase price of $287m. The acquisition was done through BC Ventures, a 50/50 joint venture between Borr Drilling and its well construction partner in Mexico. The deal was officially announced in late ...
Golden Energy Offshore bags UK North Sea PSV deal Norwegian offshore vessel owner Golden Energy Offshore Services (GEOS) has secured a new term contract for one of its platform suppliers. The company secured a contract for the 2015-built Energy Pace PSV with what GEOS described as 'a first-class international charterer'. The contract covers operations on the UK Continental Shelf with a firm period for ...
Shearwater lands Australian carbon storage campaign Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a 3D seismic survey contract to support appraisal of the carbon storage potential in the Bonaparte Basin offshore the coast of northern Australia. The project is scheduled to start in the third quarter of 2026 and will be executed by the SW Bly, with an ...
C. Y. Tung and the Rise of Modern Chinese Shipping Few shipping books take more than half a century to reach publication. For maritime historian Professor Howard Dick and co-author Stephen Kentwell, however, the story of legendary Hong Kong shipowner C. Y. Tung became a lifelong project stretching from an encounter with one of his early containerships in 1970 to the launch of their biography ...
CMA CGM secures fresh capital for port expansion from Stonepeak CMA CGM and infrastructure investor Stonepeak have completed the formation of United Ports, a joint venture holding nine container terminals across five countries. Stonepeak has invested $2.4bn for a 25% stake in the business, while CMA CGM retains 75% ownership and full operational control. The initial portfolio includes Fenix Marine Services in Los Angeles, Port ...
Tanker stocks up double digits during a month of geopolitical chaos Tanker stocks are proving to be a worthy hedge for investors. Geopolitical unrest has been a headwind for the broader...
The Daily View: Rules, risks and revenues
US sanctions firms linked to Iran's PGSA for 'maritime extortion' The US slapped sanctions on two more firms that broker insurance and take payments for ships transiting the Strait of...
Seafarers trapped in 'life-threatening' situation at Chornomorsk Forward Seamen's Union of India said the operator of the vessel in question was not acting quickly enough to repatriate...
Capital Clean boosts charter coverage against war backdrop Marinakis-backed gas shipping company says disruption has contributed to better charter markets for both LNG and LPG carriers
UK Club underwriting performance makes target Marine mutual readies itself for merger with TT Club
Safe Bulkers hikes dividend as earnings surge Owner of 46 bulkers has resources to invest in fleet while rewarding shareholders, says management
Cosco commits to more eco-ready newcastlemax bulker newbuildings Newbuilding contract has been divided between Shanghai Waigaoqiao Shipbuilding and Nantong Xiangyu Shipbuilding & Offshore, with all 15 ships to...
Diana warns that further delay may cause it to 'reassess' Genco offer US-listed, dry bulk owners clash again on Genco's value and the direction of dry bulk market
London still arbitration top dog, but Asia gaining ground LMAA reports highest number of references in over a decade
The price of passage through the Strait of Hormuz Iran's battle over the future governance of the Strait of Hormuz is no longer about transit fees but about shaping...
Sallaum Lines boosts newbuild orderbook as global vehicle carrier market heats up Cyprus-based vehicle carrier operator is accelerating its transition from secondhand vessels to modern, fuel-flexible, tonnage with higher carrying capacity and...
Australian iron ore exports increase amid Guinea threat Despite the rise in exports, the Australian government expects to lose ground to competitors by the end of the decade
Container carriers hold Red Sea line despite Houthi blockade - for now Boxships are holding their Red Sea transits through the Houthi blockade for now, but any further escalation could quickly drive...
Daily Briefing 'Now they are hitting to kill': Seafarers pull back from Black Sea trades | China tightens grip on iron ore...
LTL carriers waiting for US freight demand to catch up with expectations Less-than-truckload companies searching for freight are digging deeper into economic indicators for signs of demand that still hasn't hit their docks.
Capacity constraints pushing shippers toward dedicated trucking: Werner More shippers are looking to secure capacity through dedicated trucking agreements, and carriers such as Werner are strengthening their dedicated services.
ONE seeks to transship India-USEC cargo after ending direct 'WIN' service Industry sources in Mumbai told the Journal of Commerce that ONE plans to offset its downsized West India-US East Coast capacity by routing cargo via Colombo in Sri Lanka.
Seacor Marine shares skyrocket as strategic review puts 38-vessel fleet in play Review of strategic alternatives came after quarter in which vessel sales pushed offshore shipowner back into profitability
Teekay Tankers delivers its best-ever quarter. The next one is looking nearly as strong Third-quarter suezmax rates are almost at record levels
The theft on land that's concerning shipping lines Why is the World Shipping Council in a coalition pushing legislation in the US Congress to address cargoes stolen after exiting ports by truck or rail? The group's chief executive explains
US hits Iranian Hormuz insurance scheme with sanctions Treasury Department says the mandatory scheme for transits was an extortion racket
Egypt-based FSRU and LNG carrier hit in drone strike at Damietta Two fires observed at LNG terminal with Energos and GasLog vessels towed away from berth
EU sanctions create 'new power' to sell oil cargoes from detained shadow tankers European countries have stepped up their campaign against false-flagged tankers passing their coastlines
Samudera Shipping Line profit falls 20% as rising costs outpace revenue growth Higher costs offset gains from strong intra-Asia container demand and network expansion.
Baltimore bridge disaster heralds third year of insurance rate hikes for container ship owners Broker Aon says spiralling cost of the fatal casualty will drive up premiums for the industry again
Performance Shipping earnings move higher as fleet growth builds top line New York-listed shipowner reaps the gain of three newbuilding deliveries and two secondhand buys over last year
Ardmore Shipping notches earnings beat with record tanker rates and dividend Guidance confirms rates have softened for fixtures in third quarter
Jinhui Shipping strikes second sale and leaseback deal for newbuildings Hong Kong shipowner has turned to Chinese lessor Jiangsu Financial Leasing this time
CMB.Tech linked to blockbuster VLCC sale as prices close in on two-decade high Rumoured sale price easily outpaces valuations as tanker S&P market drags
Was blast on Utkilen chemical tanker caused by welding work? Crew unhurt following explosion and fire on ship while anchored off Norwegian coast
Bangladesh links with China as it greenlights third FSRU Assessments continuing on boiler repair works to existing unit
Mercuria takes Union Maritime newcastlemaxes on long-term charter Trader is stocking its fleet of large bulkers for years to come
Marinakis firm CCEC pushes contract backlog towards $3bn with newbuilding deal LNG carrier owner unveils medium-term charter for vessel due next week
Fincantieri profit triples in first half as backlog nears $74bn Italian shipbuilder logs record profit on back of orders stretching out to 2039
Greek shipowner W Marine breaks into ultramax newbuildings with hat-trick in China Jiangsu Dajin Heavy Industry is to deliver the ships by 2028
Fincantieri profit triples in first half as backlog nears $84bn Italian shipbuilder logs record profit on back of orders stretching out to 2039
Greek shipowner W Marine breaks into ultramaxes with triple newbuilding order Jiangsu Dajin Heavy Industry is to deliver the ships by 2028
Japanese bank merger set to create $76bn ship financing powerhouse Integration of Iyogin Holdings and Ehime Bank will create one of the world's largest maritime lending platforms
GTT ups forecast for LNG carrier demand to 550 newbuildings by 2035 Company sees shipyard berths for sector at 100 slots in 2028
US urged to launch public container shipping line to counter foreign carrier dominance Deregulation and consolidation has left the US dependent on 'container cartel', says Washington, DC think tank
Pivot to higher-priced newbuildings pays off for HD Hyundai Group signals quality will take priority over filling remaining slots
Golden Energy Offshore inks PSV deal worth up to £10m Oslo-listed owner inks nearly year-long charter on UK continental shelf
Seafarers trapped in Ukraine port in fear of their lives as Russian missiles rain down Cargo ship berthed at Ukrainian port of Chornomorsk leaving crew members as 'sitting targets'
'Stop the theatre': Diana and Genco return to spatting over bulker values Third press release in two days between the companies revives VesselsValue question
Ghandourah pays premium for Seacon Shipping bulker Sale is further proof of Greece-based dry bulk players aiming to cash in on the booming dry bulk freight market
Excelerate Energy named as buyer of Meiji Shipping LNG carrier Vessel believed to be new conversion candidate for an FSRU or FSU
Japanese bank merger set to create $12bn ship financing powerhouse Integration of Iyojin Holdings and Ehime Bank will create a ship finance portfolio exceeding $12.8bn
Rio Tinto's freight revenue surges due to record high iron ore shipments Freight revenue soared 62.5% year on year to $1.3bn due to record high iron ore shipments of 157.7m tonnes
Deadly Caspian ship attack tensions ease after Iran-Ukraine officials talk Tehran and Kyiv have 'frank' telephone call, following a Ukrainian strike that left one Iranian seafarer dead
Houthis claim Bahri tanker attack as several Saudi oil refineries come under fire Yemeni rebels say they have prevented another Saudi product carrier from breaking their blockade
Sallaum Lines returns to China Merchants Jinling for PCTC newbuildings The car carrier owner ordered up to two LNG dual-fuel and ammonia-ready 8,600-ceu vessels
Ghandourah snaps up Seacon Shipping bulker for premium price Sale is further proof of Greece-based dry bulk players aiming to cash in on the booming dry bulk freight market
China reportedly seeking its own Red Sea pathway Report points to direct Houthi contacts as shipping risks escalate
Chinese shipowner tests market with auction for upgraded handysize bulker Freshly refitted bulker heads for online auction with eight-figure opening price
Russian attacks on shipping hobble Ukraine's iron ore exports as miner reveals death on bulker Two mining companies suspend operations, including one whose bulker suffered fatal attack
Deal paves way for US Senate vote to ramp up sanctions on Russia Named for late lawmaker Lindsey Graham, law would target shadow fleet shipping, buyers of Russian oil and the banking sector
'Stop the theater': Diana and Genco return to spatting over bulker values Third press release in two days between the companies revives Vessels Value question
First look: C.H. Robinson hits target, still cutting jobs The first bullet point in the earnings report of C.H. Robinson (NASDAQ: CHRW) was that the 3PL hit its mid-cycle operating margin targets "while the freight market is still in the trough of the demand cycle." The adjusted operating margin rose 360 bps from the corresponding quarter a year ago to 34.7%. Adjusted gross profit was up 6.5% for the company as a whole to $738 million. At North American
Industrial products spark rail freight gains Rail traffic totaled 527,162 carloads and intermodal units on U.S. lines, up 2.5% from a year ago, for the week ending July 25, the Association of American Railroads reported. Commodities totaled 234,100 carloads, up 1.4%, while intermodal volume came to 293,062 containers and trailers, up 3.5% from 2025. Five of 10 carload commodity groups were higher y/y. Gains were led by petroleum and related
Vinted taps DHL's Germany collection points to expand second-hand market Vinted, one of Europe's largest marketplaces for buying and selling pre-owned items between private individuals, will direct customers in Germany to ship or exchange goods through DHL Group's ( XETRA: DHL ) network of parcel lockers and digital kiosks, under a new strategic partnership aimed at making peer-to-peer purchases as convenient as ones through online retailers. Private-party sales of us
Is This Trucking Market Different? Why Capacity Won't Flood Back In Summary View Transcript Aaron Graft, CEO of Triumph Financial, dives deep into why this freight market cycle is structurally different. He explains that increased litigation, regulation, and legislation act as barriers to entry, preventing the surge of new capacity seen in previous upturns. This fundamental shift suggests the current tight market conditions might persist longer than anticipated,
BNSF CEO assails new rail merger filing, says transcon will raise rates, prices The western rival of Union Pacific said that the carrier's latest regulatory filing doesn't change the fact that the merger with Norfolk Southern will raise rates for shippers, and prices for consumers. "We are continuing to review the additional information submitted at the request of the Surface Transportation Board in regard to the proposed UP-NS merger," said BNSF (NYSE: BRK-B ) President and
How Intelligent Audit Turned Three Decades of Freight Expertise Into an AI Early Warning System Article brought to you by Intelligent Audit When FreightWaves launched the AI Excellence in Supply Chain Awards, the goal was to cut through the noise of an industry where "AI" has become a marketing buzzword slapped on every press release, and instead spotlight the companies that are leveraging AI in truly revolutionary ways. The awards recognize real deployments and measurable outcomes as oppos
Celadon Bankruptcy: The Inside Story & Stranded Drivers [FreightWaves Exclusive] Summary View Transcript Paul Svindland, former CEO of Celadon, reveals the emotional toll of the company's bankruptcy. He recounts how FreightWaves breaking the news prematurely led to chaos, stranded drivers, and fuel cards being shut off during the harsh winter of 2019. Despite the operational health of the business, a mountain of financial and legal issues ultimately led to its demise. Svindla
PACCAR Q2 profit climbs as class 8 truck demand firms Truck manufacturer PACCAR reported higher second-quarter profit on essentially flat revenue on Tuesday, noting build rates climbed during the period as orders strengthened and freight rates improved. PACCAR ( NASDAQ: PCAR ) reported second-quarter earnings of $1.43 per diluted share, 6 cents higher from a year earlier. Net income of $752 million was up 4 percent from a year earlier and 24 percent
Texas police recover $272K in precious metal cargo; 2 face possible life sentences Sealy, Texas, police stopped and detained two men as they left a business with 32,000 pounds of precious metal. Officers recovered the shipment, which authorities valued at about $272,000. Sealy police linked their 18-wheeler to another reported incident at the same location. Both defendants now face first-degree felony cargo-theft charges. Sealy is in Austin County, about 50 miles west of downto
CEOs of UP, NS, say latest additions to rail merger application further enhance competitive aspects CHATTANOOGA - If questions of competition are at the heart of the regulatory future of the Union Pacific-Norfolk Southern merger, the CEOs of the two railroads are firmly convinced they have checked all the boxes to make a compelling argument for the deal's approval. And for UP (NYSE: UNP ) CEO Jim Vena, it's the matter of competition that should make approval by the Surface Transportation Board
ArcBest's Q2 a step on path to recovery ArcBest's second-quarter results showed operational improvements in both of its business segments. It is benefitting from heavier shipment weights on the asset-based side of the house while cost initiatives have pushed its logistics offering back into profitability. Shipment weights increasing as TL freight returns ArcBest's ( NASDAQ: ARCB ) asset-based unit, which includes less-than-truckload su
C.H. Robinson Faces $604 Million Verdict: What Vicarious Liability and Negligent Hiring Mean for Brokers After Montgomery and Home Depot ( The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. ) A Dallas County jury last week hit freight broker C.H. Robinson with a share of a $604 million verdict in Peyton Lipe et al. v. Lupus Superior, LLC et al. The case stems from a deadly 2021 crash on Interstate 20 in Mississippi. A tractor-trailer operated by Lup
Carrier diversification unravels the last-mile delivery duopoly The truck that pulls up to your door is less and less likely to be brown or purple. It might be a Honda Civic with a phone mounted to the windshield, or a van carrying a logo you have never seen. Retailers arranged it that way, and the reason has more to do with a stopwatch than a rate sheet. Consumers will now wait a maximum of 2.6 days for free shipping, down from the 3.4 days that held steady
First look: Old Dominion almost a sub-70 OR Old Dominion is getting very close to having an operating ratio that begins with a six. Second quarter earnings for the LTL carrier produced an OR of 70.1%. It's a sharp improvement over a year ago, when the second quarter of 2025 produced an OR of 74.6%. For the six months, the company's OR is now 72.9%. Old Dominion produced the performance even as most of its metrics that measure how much busi
Grip taps industry veteran to lead cold chain fulfillment In the cold chain world, every box of frozen food that lands on a doorstep carries a cost decision made days earlier. One example: five pounds of dry ice, or 15? Undershoot and the product arrives thawed. Overshoot and the brand pays to move weight it never needed. That calculation, repeated across millions of orders, is the business Grip built. The Miami-based cold chain fulfillment company is n
Werner CEO Leathers: just the 3rd inning in driver attrition Werner's quarterly earnings released Tuesday made it the first carrier that could be considered something of a pure play truckload company to publish numbers, and it was difficult to find much bad news in the report. Most other carriers that have reported their earnings so far have their truckload operations as less a share of revenue, such as intermodal-focused J.B. Hunt , mixed LTL and truckloa
Landstar expects to emerge a winner in post-Montgomery world Freight broker Landstar System said Tuesday that its larger scale and long track record of safety will become more attractive to shippers in a post-Montgomery world. The company saw a more material turnaround in operations during the second quarter even though results fell short of analysts' expectations. Revenue generated by Landstar's ( NASDAQ: LSTR ) business capacity owners (BCOs) increased 2
New Senate bill targets 'chameleon carriers' that reopen to escape penalties and enforcement U.S. Sens. Todd Young, R-Ind., and Andy Kim, D-N.J., introduced legislation Tuesday targeting trucking companies that reopen under new identities. The bipartisan Safety and Accountability in Freight Enforcement Act aims to stop operators from escaping enforcement through fresh registrations. Sponsors call those businesses "chameleon carriers." The proposal now awaits Senate committee action. The
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