Op-Ed: Why apprentices must question shipyard AI A digital work instruction can show an apprentice exactly where a component sits and how a task should proceed. Marine Log recently described the value of model-based work instructions for transferring shipyard
ECTMarine delivers purpose-built Dead Sea workboat to Arab Potash Company Noordwijk, Netherlands-based marine engineering company ECTMarine has handed over a workboat designed and built for operations in the Dead Sea. Built for Arab Potash Company, (APC) the workboat was handed over following
Op-Ed: Transformer-based shore power offers safety and scalability The push for cleaner ports is accelerating, and shore power as an alternative to idling ship engines is an important part of the solution. Also known as "cold ironing," shore power allows
EST-Floattech to supply two more Octopus battery systems to Damen Cargo Vessels Recently, Damen Shipyards Group contracted EST-Floattech to supply two battery systems, thereby renewing the framework agreement in place between the two companies since last year. The two Octopus Series battery systems are
Steerprop wins repeat order for ducted propulsion on hybrid tug Spanish shipbuilder Gondon Shipbuilders has placed a second order for hybrid-capable azimuth propulsion units from Finnish propulsion specialist Steerprop. The units will be installed on a new high-performance tugboat for Norwegian shipowner
Dr. Fabian Kley appointed Everllence CFO Dr. Fabian Kley will assume responsibility for finance, which he has already led operationally since March 2026 as an authorized representative of the executive board. He has been with the company since
DP World launches logistics hub in Italy DP World has launched its first Fast Moving Consumer Goods contract logistics operation in Italy, opening a 22,000 square metre temperature-controlled, multi-customer facility at Castel San Pietro Terme near Bologna. The hub is designed to serve customers across the food and beverage industry, e-commerce and consumer goods sectors, combining warehousing, transport, e-commerce fulfilment and value
Southern Tyrrhenian and Ionian Sea port authority approves 2027 budget The Management Committee of the Southern Tyrrhenian and Ionian Sea Port System Authority has adopted the 2027 Budget forecast and the 2027-2029 Three-Year Public Works Programme, outlining a significant investment programme across the system's five Calabrian ports. The 2027 budget shows revenues of approximately EUR 24 million and estimated expenditures of approximately EUR 88 million, with capit
C.H. Robinson Q3 revenue rises 29.5% as Global Forwarding grows C.H. Robinson reported revenue of $5.4 billion in the third quarter of 2026, up 29.5% from the same period last year. The logistics company also recorded higher freight volumes and improved profitability across its main business divisions. Adjusted gross profit increased by 14.5% year over year. Meanwhile, adjusted diluted earnings per share rose by 28.6% to $1.80. The company reported diluted ea
Port of Auckland welcomes new pilot vessel Port of Auckland's new pilot vessel Te Ihu has entered the Waitemata Harbour for the first time, completing a four-day sailing across the Tasman Sea after arriving into New Zealand via Opua in the Bay of Islands. A blessing ceremony was held with Ngati Whatua Orakei at the port, marking the occasion alongside recognition of Pilot Boat Master Murray McGehan's 50 years of service to the port. The v
Maersk lowers intermodal fuel fees in Italy Maersk will reduce its Intermodal Fuel Fee percentages for truck and RCO movements in Italy. The revised levels will apply equally to import and export services from a Price Calculation Date (PCD) of 1 November 2026. Transport mode Export Fuel Surcharge Import Fuel Surcharge Truck 17% 17% RCO 8% 8% The truck surcharge will decrease from 18% to 17%. Meanwhile, the RCO surcharge will fall from 9% t
US awards nearly US$500 million for 35 port infrastructure projects The US Department of Transportation has announced nearly US$500 million in funding for 35 port infrastructure projects across 19 states. The investment aims to modernise maritime facilities and strengthen cargo transportation networks. The US$498 million will be distributed through the Maritime Administration's (MARAD) Port Infrastructure Development Program (PIDP). The programme supports improve
Hapag-Lloyd introduces Pakistan-UAE reefer surcharge Hapag-Lloyd will introduce a Peak Season Surcharge (PSS) on refrigerated cargo moving from Pakistan to selected ports in the United Arab Emirates. The surcharge will apply to sailings commencing from 1 November 2026. It will remain valid until 15 November 2026. Equipment type PSS 20-foot reefer US$500 per container 40-foot high-cube reefer US$500 per container The origin scope covers Karachi and
Wan Hai launches new CI8 service to West India Wan Hai Lines will launch a new direct service connecting Haiphong, South China and West India in late November 2026. The China India Service 8 (CI8) will also provide connections through Malaysia. Wan Hai said the new loop will strengthen its presence in India and expand its Intra-Asia network. The carrier will deploy vessels ranging from 2,800 to 3,000 TEU. The service will operate on a 35-day
Maersk-APM signs concession for new Tanger Med 3 terminal Maersk-APM has signed a concession agreement to develop a new container terminal at Tanger Med 3 in Morocco. The agreement was announced by Morocco's Royal Cabinet following a working session chaired by King Mohammed VI at the Royal Palace in Rabat. The meeting reviewed the development of Tanger Med 3 and the approaching launch of the first container terminal at Nador West Med. Construction work
Contship Jet sinks after drone attack in Black Sea, all 18 crew rescued The Liberian-flagged containership Contship Jet has sunk in the Black Sea after being struck by three maritime drones off the Bulgarian coast on 28 October, with all 18 crew members successfully rescued, according to Bulgarian authorities. The sinking was confirmed on 29 October by the Varna Regional Administration, citing information from maritime traffic control and the Bulgarian Maritime Admin
Kalmar Q3 orders jump 22% to €458 million despite lower profit Kalmar reported a 22% increase in orders received during the third quarter of 2026, reaching €458 million compared with €375 million a year earlier. The growth came mainly from its Equipment segment, supported by improving demand in North America. The company's order book stood at €1.004 billion at the end of September, compared with €977 million at the end of 2025. However, quarterly sales decli
Samudera reports stable container volumes and higher revenue per TEU Samudera Shipping Line handled 503,000 TEU during the third quarter of 2026, unchanged from the corresponding period last year. According to the company's latest business update, average container shipping revenue increased to US$297 per TEU. This compares with US$252 per TEU in the third quarter of 2025. Samudera said average freight rates were higher year on year. However, bunker and charter hi
OOCL announces new CIS4 service linking China and Indonesia OOCL has announced the launch of its new China Indonesia Service (CIS4), strengthening container shipping connections between China and Indonesia. The service is scheduled to begin on 22 November 2026. It will provide direct connections between key ports in northern and southern China and two major Indonesian gateways. According to OOCL, CIS4 aims to improve connectivity, flexibility and service
Freightos Weekly Update: Union approves LA/Long Beach port strike; container rates still under pressure The container carrier march back through the Red Sea continues, with Alphaliner estimating nearly two-thirds of total Asia - Europe capacity is now restored. Especially of note is Israeli carrier ZIM's announcement that it has resumed taking the Red Sea route for its joint Asia - US East Coast service with MSC, as the Houthis declared the Bab el-Mandeb Strait closed to Israel-linked vessels as re
Costamare reports $89.4 million adjusted profit as charter backlog reaches $6 billion Costamare reported adjusted net income of $89.4 million for the third quarter of 2026, compared with $98 million in the same period last year. The company also reported approximately $6 billion in contracted containership revenues, supported by long-term charter agreements. Adjusted earnings from continuing operations reached $0.74 per share, down from $0.81 a year earlier. Meanwhile, net income
CMA CGM launches dedicated rail service between Mombasa and Nairobi CMA CGM has launched its first dedicated block train service between the Port of Mombasa and the Nairobi-Embakasi Inland Container Depot (ICD) in Kenya. The new connection aims to strengthen container transport between the country's main seaport and its inland markets. The service began on 28 October 2026 and operates with 54 wagons, offering capacity for 108 TEUs per train. Initially, CMA CGM wi
Boluda Shipping signs agreement to acquire Samskip Boluda Shipping has signed an agreement to acquire Samskip, including all its assets and operations. The deal aims to create a major European short-sea shipping network connecting Northern Europe, Spain, the Canary Islands and West Africa. Once completed, the combined network will comprise 32 vessels operating 18 routes across 28 countries. It will also include 21 maritime terminals, five rail te
Sea-Intelligence: Global Schedule Reliability Records a Marginal Gain in September Sea-Intelligence has published issue 182 of the Global Liner Performance (GLP) report , with schedule reliability figures up to and including September 2026. Schedule reliability improved by 0.9 percentage points M/M in September 2026 to 50.6%. The marginal improvement comes after three consecutive M/M drops, with an aggregate drop of -14.8 percentage points, from a peak of 64.5% in May. The aver
Contship signs agreement to acquire Tarros Group Contship has signed an agreement to acquire the Tarros Group through its subsidiary Sogemar. The deal will bring together two major logistics operators with established networks across Europe and the Mediterranean. The acquisition covers the entire Tarros Group, including its shipping, port handling and inland transport businesses. Contship aims to combine these activities with its existing netwo
SC Ports secures nearly 160,000 containers of new business South Carolina Ports (SC Ports) has secured nearly 160,000 containers of new business as part of its strategy to restore growth and strengthen its competitive position. The port authority is also expanding its focus on retail, manufacturing and refrigerated cargo. SC Ports President and CEO Micah Mallace outlined the progress during his second State of the Port address on 27 October. He highlight
Patrick Terminals launches digital app for truck drivers Patrick Terminals has launched Patrick Connect, a new mobile application designed to provide truck drivers with real-time information and operational guidance during visits to its container terminals in Australia. The app provides step-by-step instructions throughout the terminal visit, including lane assignments and access to compliance information such as weigh-in-motion (WIM) results. It also
Noatum Logistics doubles GCC truck fleet to over 850 vehicles Noatum Logistics, the logistics arm of AD Ports Group, has doubled its trucking fleet to more than 850 vehicles as part of its expansion across the Middle East and Gulf Cooperation Council (GCC) markets. The new trucks were delivered in batches over the past six months and have already been integrated into the company's regional operations. All newly acquired vehicles meet Euro 5 emissions standa
The morning after: what December's IMO vote means for a fixture Whatever the IMO decides in December, a broker will price a dry bulk trip the next morning. The vote changes which line of that fixture carries the carbon, and how much. Argyris Zafeiropoulos from Resilience & Compliance Advisory explains. Take a trip reported in the Baltic Exchange's weekly round-up on 9 October: a 76,000 dwt ...
Fatal shipboard accident exposes training and safety failures A Norwegian investigation into the death of a seafarer aboard the general cargo vessel Eidsvaag Marin has uncovered serious shortcomings in equipment-specific training, risk assessments and safety management. The Norwegian Safety Investigation Authority's report, published this week, examined an accident in October 2025 when an engine attendant was crushed while replacing a hydraulic valve block
Port of Tauranga raises $31m from second property sale New Zealand's Port of Tauranga has completed the sale of a South Island logistics property for NZ$57m ($31m), extending a programme of asset disposals aimed at releasing capital for port infrastructure investment. The NZX-listed port operator said it had sold its 15-hectare property at 5 Baltimore Drive in Rolleston, Canterbury, which includes an intermodal freight ...
Wallenius Wilhelmsen locks in $1bn contract haul Norwegian car carrier and logistics giant Wallenius Wilhelmsen has secured two contracts worth more than $1bn with a major equipment manufacturer, adding another sizeable commitment to its shipping and logistics business. The Oslo-listed group said the agreements cover ocean transportation and logistics services over three years, with the shipping portion accounting for around $950m and ...
SFL adds $365m newbuild trio with $333m in charter cover John Fredriksen-backed SFL Corporation has agreed to acquire three newbuildings for around $365m, securing long-term employment that will add at least $333m to its charter backlog. The New York-listed shipowner said the latest investment covers two 8,800 teu containerships scheduled for delivery in 2027 and a 93,000 cu m dual-fuel very large ammonia carrier (VLAC) ...
Korean carrier Namsung returns to China for larger boxships South Korea's Namsung Shipping has been linked to another containership order in China, with brokers reporting a deal for two firm 7,100 teu vessels at Dalian Shipbuilding Industry Corporation (DSIC), plus options for another pair. Shipbroking sources said the CSSC-owned yard had secured the contract, with deliveries expected between 2030 and 2031. No price or ...
US tightens entry rules for ships calling at Somali ports The US Coast Guard has imposed additional security conditions on commercial vessels arriving in American waters after calling at Somali ports, adding the East African country to its list of jurisdictions considered to have inadequate port security measures. The restrictions took effect this week, following a determination that Somalia was not maintaining effective antiterrorism measures ...
Jiahua Energy lines up $165m gas carrier at Jiangnan Chinese chemicals group Jiahua Energy is stepping up its shipowning ambitions with plans to invest up to $165m in a 102,000 cu m liquefied hydrocarbon carrier at Jiangnan Shipyard. The Shanghai-listed company has secured board approval for the project, with Jiangnan Shipyard and China Shipbuilding Trading named as the counterparties. The vessel is scheduled for ...
COSCO turns to in-house yard for gas carrier expansion China's COSCO Shipping Energy Transportation is expanding its gas carrier business with a RMB335m ($50.2m) ethylene carrier newbuilding project at affiliated Dalian COSCO Shipping Heavy Industry. The Shanghai- and Hong Kong-listed shipowner said its board had approved the construction of a 9,000 cu m vessel through Hainan Zhaogang Shipping, a subsidiary controlled by COSCO's Dalian ...
Aker Solutions braces for more job cuts Norwegian offshore engineering group Aker Solutions is preparing for another round of workforce reductions as a sharp decline in activity following the completion of major oil and gas projects threatens hundreds more jobs. Chief financial officer Idar Eikrem told analysts during the company's third-quarter results presentation that the contractor should expect further staffing adjustments as ...
MOL secures FSRU charter with Deutsche ReGas Japanese shipping giant Mitsui OSK Lines (MOL) has signed a long-term charter agreement with Deutsche ReGas to supply a FSRU for the Deutsche Ostsee LNG import terminal in Mukran, Germany. Under the agreement, China's Hudong-Zhonghua Shipbuilding will convert an existing LNG carrier into an FSRU, with the charter scheduled to begin in 2028. Conversion work ...
India greenlights $1bn drive to break China's container manufacturing dominance India has approved a INR100bn ($1.05bn) programme to massively expand domestic shipping container manufacturing, targeting a tenfold increase in annual capacity as New Delhi seeks to challenge China's near-monopoly over the industry. The country's cabinet approved the Container Manufacturing Promotion Scheme yesterday, turning a proposal announced in February's national budget into a 13-year indu
What the IMO should learn from Brazil's elections ahead of its historic decision Elissama Menezes, a Brazilian co-director of Equal Routes, a nonprofit working on shipping decarbonisation, writes for Splash today. Brazil's presidential elections show that one should never discount the underdog. The same lesson could be applied to the International Maritime Organization (IMO) climate negotiations, which are resuming in London just next month. Last Sunday, millions of ...
Tanker feared sinking off Oman after reported projectile strike A tanker has reportedly been left burning and largely submerged following a suspected projectile strike in the Strait of Hormuz, with UK maritime authorities confirming reports of a vessel on fire off the Omani coast. Maritime security firm Vanguard said the incident occurred approximately 9 nautical miles north of Khasab, on Oman's Musandam Peninsula. The ...
Baker Hughes lands Eni offshore double and Golar FLNG order US energy technology company Baker Hughes has revealed three offshore contract wins, including two awards from Italian energy major Eni and an equipment package for Golar LNG's fourth floating LNG unit. The company confirmed a significant subsea production systems contract for Eni's Cronos gas development offshore Cyprus, covering four subsea trees, wellheads, connectors, manifolds, topside ...
T7 Global lands three-year offshore contract from Petronas-Eni venture Malaysian offshore services provider T7 Global has secured a three-year hook-up and commissioning contract from Searah, the recently established joint venture between Italian energy major Eni and Malaysia's Petronas. The contract was awarded to T7 Global's wholly owned subsidiary Tanjung Offshore under Package C1, covering offshore assets in Peninsular Malaysia. According to a Bursa Malaysia ...
ADES adds $52m to backlog with Angola jackup extension Saudi offshore drilling contractor ADES has secured a one-year extension for its Shelf Drilling Tenacious jackup offshore Angola, adding around SAR195m ($52m) to its backlog. The company said an existing international oil company had exercised the optional period, which will begin immediately after the rig's current firm contract expires in the first quarter of 2027. ...
Boluda strikes deal to acquire Samskip Spanish shipping group Boluda has agreed to acquire Netherlands-headquartered multimodal operator Samskip, bringing together two major European shortsea businesses in a deal spanning 32 vessels and 18 routes. Boluda Shipping said the acquisition would combine its container shipping network with Samskip's northern European operations, creating a business connecting 28 countries from northern Europ
Drone-hit boxship sinks off Bulgaria The Greek-managed containership Contship Jet has sunk off Bulgaria after being struck by three sea drones yesterday, as Russia claims further attacks on merchant vessels heading towards Ukrainian ports. The Liberian-flagged vessel, operated by Contships Management, was sailing from Haifa to Constanta when it was attacked approximately 17 nautical miles east of Cape Kaliakra. All ...
Where are all the crew needed going to come from? Mark O'Neil on crew retention. Shipping has never been short of ambition. The orderbook proves it. But increasingly, the industry again needs to ask itself the uncomfortable question: where are all the crew coming from? The global fleet continues to grow. New vessels are being ordered in ever increasing numbers, whilst owners are also keeping ...
Contship charts liner comeback with Tarros deal Italian terminal operator Contship is getting back into the liner business, sealing a deal to acquire Italian shipping and logistics group Tarros through its subsidiary Sogemar, in a deal aimed at creating a major integrated transport network across the Mediterranean. The transaction covers the entire Tarros group, including its shipping operations, port handling businesses and ...
Russia targets year-round Arctic shipping from early 2027 Russia is preparing to launch regular year-round eastbound shipping along the Northern Sea Route (NSR) in early 2027, as traffic through the Arctic passage surges to unprecedented levels amid continuing disruption to conventional shipping routes. Vladimir Panov, head of Rosatom's Arctic Directorate, said this week preparations for regular winter sailings to Asia are nearing completion, ...
Maritime CEO Forum: Tanker owners see more upside Tanker owners remain broadly bullish on the extraordinary freight market despite soaring asset prices, an ageing fleet and mounting geopolitical risks. Speaking at the Maritime CEO Forum at the Yacht Club de Monaco on Tuesday, leading tanker executives debated the warning signs that could signal an end to the boom, the growing influence of national ...
Yingkou newcomer yard starts ten-ship series Another Chinese shipbuilder has entered the country's booming newbuilding market, with Yingkou Huayin Shipbuilding opening its yard in Liaoning province and launching a programme to construct ten 8,700 dwt multipurpose vessels. The newly established builder held a ceremony marking the start of construction at its Yingkou facility, becoming the latest entrant to China's rapidly expanding ...
Tanker shares shoot higher yet again as broader stock market buckles It's getting very dicey in the broader US equity market, particularly for tech stocks. In contrast, energy shipping stocks have...
The Daily View: When supreme courts play Top Trumps
Greek banks make first moves to branch out from home base Lenders eye wider horizons after conquering summit of Greek shipping market
Dry bulk supply to outweigh demand in 2027, but conflicts cloud picture While dry bulk is not affected as much directly by the conflict in the Strait of Hormuz as the tanker...
Maersk closes in on $5.8bn megamax order as newbuilding catch-up accelerates Maersk's newbuilding catch-up is gathering pace with an order for up to 24 megamax boxships expected to be sealed soon
London arbitration overrides Spanish Supreme Court on Prestige compensation, English Supreme Court rules Lord Leggatt and Lord Burrows finally end legal rollercoaster
Secondhand tanker price rally runs out of steam, but suezmaxes could still have further to go Secondhand tanker price growth is losing momentum after months of gains, although strong competition for scarce suezmax tonnage could drive...
Vessel on fire in Strait of Hormuz This attack follows several last week as commercial vessels continue to find themselves under fire while crossing the chokepoint
Asian refiners' shipping quandary continues with renewed attacks and delays There is no credible end in sight for the double whammy in the Middle East as Houthi attacks on Saudi...
Boluda and Samskip combine to forge pan-European shortsea network Transaction follows Samskip's sale earlier this year of its UK and Ireland freight operations to CLdN
Institute of Chartered Shipbrokers names first female president Natalia Margioli plans to build on the institute's foundations and prepare members for challenges, such as AI
Daily Briefing China's anti-sanctions law is testing the waters in shipping | More crude for Asia + LR2 switching + winter =...
Schneider switching East Coast partner to Norfolk Southern The change comes as Schneider is now publicly supporting the $85 billion UP-NS merger after previously taking no position on the deal.
Strike deadline at LA-LB ports expected to be delayed to Nov. 4: PMA The Pacific Maritime Association and unionized security personnel represented by ILWU Local 26 are likely to announce the short extension on Friday, the PMA said.
CSX service slowly returning to normal after IT outage The problem that began Tuesday evening was largely resolved by Thursday morning, with most of CSX's core customer-facing applications back online, the railroad said.
Demand recovery remains uneven across US LTL sector Revenue is up by double digits at publicly owned LTL carriers, but shipment volumes aren't rising uniformly, company earnings data shows.
Scan Global Logistics inks deal to acquire Portland-based forwarder OIA Global The integration of OIA into the Scan Global network will widen Scan's footprint in North America and Asia, enabling the combined company to offer more services including contract and project logistics, and customs brokerage.
Maritime delays can drive costly, complex switch to air freight: Tiaca The challenge begins when a shipper decides that waiting for a delayed vessel is more expensive than paying a premium for air freight, industry leaders told the group's conference in Miami.
Oilfield service majors set sights on Middle East, Venezuela amid energy demand But Baker Hughes, Halliburton and SLB, key drivers of energy project cargo, are also riding the wave of US data center demand to boost their work backlogs.
Air cargo will struggle to meet revised CBP advance data timeline: Tiaca Despite the implementation of the updated Air Cargo Advance Screening requirements being pushed back to May 2027, compliance will be difficult, industry leaders told the Tiaca conference.
Political fallout grows over Trump-Putin diesel imports deal Lawmakers introduce legislation to overturn waiver, as governor considers blocking tankers
Tanker struck by projectile in Hormuz as attack tally grows Second confirmed attack of the day in run-up to US elections
Scorpio's $4.33bn turnaround: The numbers behind this week's dividend hike Five-year mission to reduce the amount and cost of debt has left the owner cash-rich and more confident
Brazil-China spot rates bounce back as Sinokor scores $56m VLCC fixture Average spot rates rebound to more than $800,000 per day
Dhow sinks in Hormuz incident as Iran claims three more ship strikes Vessels get no respite in the key waterway
Europe needs to compete more aggressively for a smaller pool of LNG, Cheniere warns Newest customer QatarEnergy pursuing a 'bold new vision to redefine themselves'
India mounts rescue of 20 seafarers from Pioneer Marine-managed bulker grounded in powerful cyclone Coastguard ship and helicopter respond to grounding off east coast
Container freight market recovery lifts Cosco to $2.6bn quarterly profit World's fourth-largest liner operator benefits from higher rates and volumes
Maran grabs Red Sea fixtures as physical market catches up to paper Greek owner is back at Yanbu as 'fixing frenzy' sees rates trend higher
Three MR tankers steam towards US Atlantic coast after Trump's Russian diesel deal A fourth vessel is expected to depart soon, according to Russian official
Container freight market recovery lifts Cosco to $2.4bn quarterly profit World's fourth-largest liner operator benefits from higher rates and volumes
Zim-chartered container ship sinks in Black Sea after strike blamed on Russia Sinking confirmed a day after Contships-owned ship hit by three sea drones
John Fredriksen ordered to pay 'substantial nine-figure' damages to former trading executives Shipowner will compensate duo after wrongfully imposing freezing order for 10 years as part of fraud trial
Japanese owners call for unity and more state backing TradeWinds Shipowners Forum hears how Japanese owners want to support domestic shipyards
Greek tanker carrying Russian diesel in Atlantic may not discharge in US Charterers have given no final destination orders, owner EastMed says
Baltimore bridge shipowner pushes for US trial over 'defective' vessel Appeal against decision barring case against HD Hyundai Heavy being heard in Pennsylvania
Refiner Phillips 66 reveals cut-price charters for more than 80 tankers Energy company gives insight into size and cost of operated fleet
Aframax charter rates tumble as BP linked to three-year deal Brokers knock $20,000 per day off one-year contracts for mid-sized ships
FLNG and LNG orders propel Samsung Heavy Industries' profit Shipbuilder has its eye on two more floating LNG units that may come in before year-end
Sanctions-waived tankers could head to inefficient Middle East trading If US waivers come through, the ageing dark fleet ships could be used as shuttles through the Strait of Hormuz
QatarEnergy locks in second US LNG buy with Woodside Energy deal Doha giant claims it is now US' largest LNG buyer
MOL breaks new ground with first solo FSRU conversion First solo conversion project for Japanese shipping giant
Bulker demand holds firm despite Black Sea attacks More than 40 seafarers have been killed this year in the world's deadliest area for shipping
Cosco's CSET orders ethylene carrier as tankers make $13bn profit Chinese group aims to build gas capacity in deal with sister shipyard
US offshore project ST LNG wins 'fastest deepwater port license' Construction set to kick off next year along with hunt for first vessel to work as FSU
Maersk zeroes in on single China yard for bumper boxship order Delivery dates offered by new dry dock position shipbuilder for the win
MSC's ultra-large container ship orderbook breaches $10bn mark Liner giant ups number of 21,000-teu boxships on order at Shanghai Waigaoqiao Shipbuilding
Product tankers power Norden to more than double profit Product tankers were the Danish company's star earners during the third quarter
Trafigura fixes $1.5bn loan to ship gas into Europe over five years Financing guaranteed by Germany's federal government, trader says
Trafigura's Volare reveals VLCC spot rates of $717,000 in first trading update Oslo-listed owner makes a huge jump in earnings from the third quarter
'Dear Ladies and Gentlemen': how Sinokor's WhatsApp 'blasts' help define the VLCC spot market Bloomberg reports on the way South Korean giant communicates its latest tanker deals
Back to 2007? Lawyer warns on newbuild boom Shipowners are making concessions as yards gain the upper hand in negotiations
Tanker 'mostly submerged' and 'on fire' in US-protected Hormuz route off Oman Vessels get no respite in the key waterway, as Iran claims three fresh strikes in 24 hours
Baltic boss Jackson said Gulf rate assessments were like 'putting a pin on the donkey' CEO accused in court of being more concerned about exchange's own commercial interests than benchmarking consistency
Danske Bank maintains $4.1bn shipping loan portfolio in turbulent quarter Danish lender expands in Bergen to meet client demand
A year in the making: Chinese-backed Slosco reveals fleet expansion plan New Sierra Leone company aims to build diversified shipping interests
Pareto Bank shipping loan book falls as project activity weakens Norwegian bank's shipping exposure drops to $140m
Boluda to buy Samskip in push to build Europe's biggest short-sea liner network Spanish family-owned group strikes deal for Icelandic operator, with closing pencilled in for the start of 2027
MSI sees downward warning signs in tanker and bulker asset prices Consultancy questions whether current secondhand valuations can withstand the next phase of the shipping cycle
Hanwha Defense takes majority control of Philadelphia shipyard in US Navy push Move positions Hanwha Philly shipyard into a dual-use facility able to win US Navy orders
Rakuten Maritime opens China shipyard talks as Hanwha cyber orders surge European shipowner introduces cybersecurity provider to Chinese yard as contracts spread across Asia
LPG carrier market to 'remain strong' in 2027 then soften, Clarksons predicts UK shipbroker's research arm sees orderbook weighing on 2028 outlook
HTK Shipping buys bulker from Cetus in fleet renewal drive Cetus Tiger acquisition brings this year's buying tally to three handy bulkers for Vietnamese shipowner
First look: TFI Truckload sparkles, but OR at LTL slips TFI International has tried to get investors to take notice of its Truckload operations, which are substantial but smaller than its more better-known LTL segment. The third quarter results may be the catalyst that gets that recognition to occur. Where the third quarter LTL segment at TFI (NYSE: TFII) saw its operating ratio rise compared to a year ago, the OR for Truckload strengthened. And it wa
First look: Covenant Logistics' Q3 freight revenue surges 68% Covenant Logistics Group reported a 19.2% year-over-year increase in third-quarter revenue Thursday, driven by strong growth in its managed freight segment . The Chattanooga, Tennessee-based carrier (NYSE: CVLG ) generated $353.9 million in total revenue for the quarter ended Sept. 30, compared with $296.9 million a year earlier. Freight revenue excluding fuel surcharges rose 17.2% to $315.1 mill
How transportation leaders are turning AI and connected data into a competitive edge AI is gaining ground in transportation, but are companies actually turning that potential into results? As supply chains face constant disruption, rising expectations and growing pressure to make faster decisions, the gap between adopting new technology and putting it to work is becoming harder to ignore. To better understand where the industry stands, Blue Yonder and FreightWaves surveyed transp
FedEx cashes in on premium logistics services, fuel surcharges FedEx Corp. delivered strong third quarter results driven by higher volumes and pricing for premium B2B and B2C shipping services, but bullishness for peak holiday season demand was tempered by expectations for lower domestic margins amid a rise in transitory labor and outsourced trucking costs that likely will spill into next year. Consolidated revenue grew 12% to $22.9 billion, with adjusted op
Saia's expanded terminal network delivers record revenue, tonnage Less-than-truckload carrier Saia continued to see outsized volume growth in the third quarter as it leveraged an expanded terminal network. The period delivered record revenue and tonnage for the company, with its focus now centered on improving operating results at the new locations. Saia's ( NASDAQ: SAIA ) reported third-quarter earnings per share of $3.41 on Thursday before the market opened.
Why container rates are climbing despite cooling demand Container freight rates climbed on major Asia-Europe and trans-Pacific routes last week despite signs of cooling demand, as congestion and canceled sailings supported prices. Carriers' accelerating return to the Red Sea is reshaping shipping schedules, analyst and SONAR data contributor Freightos (NASDAQ: CRGO ) said in an update, while a potential strike at Los Angeles-Long Beach adds another so
Fresno carrier DTL to run 75 Kodiak driverless trucks Kodiak AI signed a binding agreement Wednesday to put its autonomous driving system in 75 trucks owned and operated by DTL Transport, a Fresno, California, carrier that runs cross-country team loads for grocers. The deal moves Kodiak's Driver-as-a-Service model from Permian Basin sand hauling onto interstate freight lanes, though Kodiak has yet to run a driverless truck on a public highway. Kodia
RXO's earnings still coming out, had solid profitable quarter RXO remains a publicly-traded company as it prepares to be acquired by C.H. Robinson , posting its earnings Thursday that showed mostly positive numbers in all key categories. Given the pending deal with C.H. Robinson, RXO (NYSE: RXO) did not hold an earnings call with analysts. The summary slides that also accompany earnings were not released either. On the growth side, the company's revenue was
Florida trucking CEO warns soaring diesel costs are squeezing carrier profits JACKSONVILLE, Fla. - Rising diesel fuel prices are putting increasing financial pressure on Florida trucking companies, with fuel costs surpassing driver compensation as the largest operating expense for some fleets. Florida Trucking Association CEO Scott Perry said the combination of higher diesel prices , insurance premiums, equipment costs and driver wages is squeezing motor carriers already s
U.S. rail traffic up 7.8% as intermodal leads gainers U.S. rail traffic increased 7.8% in the week ended Oct. 24 compared with the same week in 2025, as growth in intermodal shipments outpaced gains in carloads , Association of American Railroads data shows. Weekly intermodal volume, which includes containers and trailers, rose 11.3%, while carload traffic increased 3.6%. Both measures grew faster than their respective year-to-date rates. Eight of t
What the Mastio Rankings Actually Tell Shippers When a shipper puts an LTL lane out to bid, price is the number everyone can compare in five minutes. Price, however, doesn't say much about what happens six months into the contract. A rate quote doesn't indicate whether a shipment arrives on the dock when it's supposed to, whether the weight matches the bill of lading, or whether a claim gets resolved in two weeks or two months. Those costs sim
9 alleged Mexican Cartel associates arrested in California train theft ring Nine men allegedly connected to Mexico's Sinaloa Cartel have been arrested in Southern California following a yearlong investigation into an organized cargo theft operation that targeted BNSF Railway trains and resulted in millions of dollars in stolen merchandise , authorities said. The San Bernardino County Sheriff's Department announced Wednesday that its Rural Crime Task Force arrested the ni
Trailer Bridge appoints new CEO Trailer Bridge has named Charles Gittens its next chief executive officer, effective Nov. 2, as the carrier continues investing in its ocean transportation operations and Puerto Rico service . The Jacksonville -based company announced the appointment Oct. 26. Gittens succeeds Mitch Luciano, who left the company Oct. 1. He had served as CEO since 2015. Gittens brings more than 30 years of transpor
CPKC reports record revenue on strength of grain and intermodal traffic CPKC reported stronger third-quarter operating income Wednesday, on record revenue and higher volumes. "Against a pretty dynamic backdrop, I'm pleased with what the team has delivered," Chief Executive Keith Creel said on an earnings call after the close of markets. "We handled 6% more volume while continuing to improve the performance of the railroad, and more importantly, there is so much more
$500,000 SIG Sauer shipment stolen in fictitious pickup, two arrested in California A fictitious warehouse pickup involving approximately $500,000 in SIG Sauer products led to two arrests in Southern California. The shipment contained firearm parts and accessories from SIG Sauer, a major manufacturer supplying civilian, law enforcement and military markets. Los Angeles County Sheriff's Department detectives recovered the entire shipment. Authorities returned all the stolen merch
XPO's pricing, operating initiatives drive Q3 beat XPO once again outperformed expectations, driven by higher volumes and stronger pricing that continue to amplify the impact of its operational efficiency initiatives. XPO ( NYSE: XPO ) reported third-quarter adjusted earnings per share of $1.70, which was 13 cents ahead of the consensus estimate and 63 cents higher year over year. The adjusted EPS number excluded transaction and restructuring cos
43% of shoppers plan to spend more this peak, Kenco finds Kenco's 2026 Peak Season Consumer Report found that 43% of the North American consumers it surveyed plan to spend more this peak season. That's more than double the 20% who said so a year earlier. Another 39% expect to spend about the same, and 18% plan to spend less, down from 28% in 2025. The bigger budgets come with bigger supply chain expectations someone has to pay for. In the survey, 73% of
AI in Logistics: The End of Bad Truckload Routes? Kuebix AI is here to streamline your shipper TMS operations. FreightWise CEO Chris Cochran explains how their new AI-enabled platform, built from a legacy Kuebix system, is disrupting traditional logistics by offering an "order to pay" solution. Say goodbye to manual routing flaws and hello to optimized, efficient supply chains managed with clean, actionable data. Learn how AI is changing freight
AI ROI: Why 90% Satisfaction Still Means Leaders Want MORE! A new Sparq report reveals a surprising trend: most transportation and logistics leaders are satisfied with their AI and technology investments, with 90% reporting met or exceeded ROI expectations. Yet, a significant 62% are pushing vendors for faster payback. This raises a critical question about the future of tech adoption in the industry. Scott Monnig, Chief Client Officer at Sparq, discusses
Scan Global Logistics to acquire Oregon-based OIA Global Danish freight intermediary Scan Global Logistics has made the largest investment in its history, agreeing to acquire Portland, Oregon-based logistics provider OIA Global in a deal it said late Wednesday that would put the company among the top 20 freight forwarders in the world. Scan Global Logistics said the proposed acquisition will strengthen its presence in key markets and expand supply chai
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