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APRIL 1, 2026

Mumbai Port achieves highest ever cargo throughput and double digit growth in fiscal JNPA again ends fiscal with record throughput Nineteen ships carrying India's energy still stranded India's domestic demand resilient but West Asia crisis poses risk: Morgan Stanley Vizag Port smashes 92-year record with 90.29 mmt India locks 60 mn barrels of Russian crude for April Pulse imports drop 35 pc as domestic stocks swell Indian Register of Shipping hosts seminar on emerging maritime technologies Noida International Airport at Jewar will benefit a vast region: PM JNPA floats tender for implementation of Digital Twin DPA surpasses 2025-26 cargo handling target DP World renews Delhi Capitals partnership, reinforcing long-term commitment Air cargo sees impressive growth in Feb., but conflict makes full-year outlook uncertain IndiGo commences daily, non-stop service between Kolkata and Shanghai; strengthens connectivity to Sri Lanka with launch of direct flights between Delhi and Colombo Amazon Air launches Delhi-Guwahati cargo route Qatar Airways Cargo continues to restore its freighter network Allcargo Logistics strengthens Varanasi handloom cluster with secure door-to-door and COD services New Mangalore Port's Berth 9 redevelopment approved; to boost liquid bulk capacity and maritime efficiency KSH Distriparks launches Pune's first dedicated empty container yard to strengthen container availability Global schedule reliability falls to 59.0% in February 2026

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MARCH 31, 2026

Gebrüder Weiss launches GWcycles 2026 Ebeling Logistik relies on "WinSped" Aurrigo International receives multiple awards Record package volumes expected for Easter AD Ports Group achieves record revenue Netherlands to implement truck toll AAL Shipping expands fleet with "AAL Newcastle" FIATA guidelines on insider threats BUSINESSrun debuts in South America Brian Moran new Senior Vice President National Airlines launches test flights for B777-200F Agenda Conectar improves air traffic in Brazil GA Telesis appoints DePinto as Vice President

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MARCH 31, 2026

Asia-Middle East capacity plummets despite Cosco vessels exiting Hormuz Saudi's Folk Maritime shifts India-Gulf service to Red Sea as Hormuz disruption bites What Vanguard's 'surrender' means for T&L boardrooms, BlackRock & State Street China's Panama 'crackdown': big claims, mounting evidence DHL taps own air fleet as Middle East disruption squeezes cargo capacity Rising fuel costs intensify pressure on fragile European road freight market Headed for independence, FedEx Freight is rolling into a cloudy future

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MARCH 31, 2026

Ship Repair USA takes shape ahead of Jacksonville debut Marine Log's Ship Repair USA will take place June 23-24, 2026, at the Hyatt Regency Jacksonville, marking the first time the event will be held in Jacksonville, Fla., a region with expanding Kuwaiti VLCC Al Salmi struck by drone at Dubai anchorage The fully-laden Kuwaiti VLCC Al Salmi has become the latest vessel struck in the ongoing Mid East conflict that has effectively closedf the Strait of Hormuz and disrupted world oil and gas Corps awards contract for Mississippi River navigation improvements The St. Paul Engineer District awarded a $12.8 million contract to Kramer North America LLC, out of Plain, Wis., March 25, to upgrade lock and dam infrastructure on the Mississippi River. The NSMV State of Maine delivered to Maine Maritime Academy The National Security Multi-Mission Vessel (NSMV) State of Maine was formally delivered to Maine Maritime Academy on March 30, marking the transfer of operations from the U.S. Maritime Administration (MARAD) to the ABB picked to provide propulsion and automation solutions for new DRBA ferry Shipbuilder Senesco Marine has contracted ABB to deliver full propulsion and automation systems for the 75-car passenger and vehicle ferry that it is building to replace the Delaware River and Bay Authority Ann Fairchild named president and CEO of Siemens USA Siemens announced the appointment of Ann Fairchild as president and CEO of Siemens USA, the company's largest market globally. Fairchild, who has served as interim president and CEO since October 2025, will Autonomous vessel innovator Saronic Series D round raises $1.75BN Austin, Texas-headquartered autonomous vessel pioneer Saronic Technologies today announced that it has closed a $1.75 billion Series D funding round. Led by venture capital firm Kleiner Perkins, the round values the company Korea Express Ferry orders new high speed Incat Crowther RoPax South Korean shipbuilder Kangnam Corporation has commissioned Incat Crowther to design a new 80-meter high-speed catamaran RoPax ferry ordered by Korea Express Ferry (KEF). Incat Crowther, Kangnam and KEF, previously collaborated on

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MARCH 31, 2026

Port of Barcelona awards Baleària concession for passenger and ro-ro terminal The Port of Barcelona Management Board has approved a concession to Baleària for the construction and operation of a new passenger and ro-ro cargo terminal on Adossat wharf, following a request submitted by the shipping company in December 2024. With no competing applications received during the public information process, the concession was granted to Baleària, which has operated regularly at th ClassNK approves corrosion-resistant cable for offshore wind use ClassNK has issued Approval of Manufacturing Procedure and Type Approval certificates for a new semi-parallel wire cable developed by KOBELCO Wire Company. The approval covers a high-corrosion-resistant type of semi-parallel wire cable (SPWC). It marks the first time ClassNK has approved this type of product. Designed for durability and offshore use The SPWC consists of polyethylene-coated strand Port of Gothenburg acquires strategic land package The Port of Gothenburg has completed the acquisition of a significant land area in the port's outer zones through an agreement signed with seller Platzer, securing the conditions for the next phase of the port's long-term development strategy. The acquisition comprises land, office properties and water areas, creating future potential for up to 210,000 square metres of new terminal space. The ove Tomohiro Hosaka appointed Managing Director of ONE Europe & Africa Tomohiro Hosaka has been appointed Managing Director for Ocean Network Express (ONE) Europe and Africa, effective 1 April 2026. He succeeds Takahiro Kikuchi, who will take a new leadership role in Asia after three years. Mr. Hosaka previously served as Director of Corporate and Innovation for ONE Europe and Africa. He also held roles as Vice President of Corporate and Innovation in Latin America DHShipbuilding hits 2026 order target in Q1 DHShipbuilding has achieved its 2026 annual order target in the first quarter. The company secured 12 Suezmax crude oil tanker orders, ranking first globally in this segment. Strong demand and record pricing On March 30, DHShipbuilding signed a contract with an Oceania-based shipowner for two Suezmax tankers. The deal is valued at about KRW 276 billion. It also marks the highest price ever achiev KLN reports higher core net profit despite revenue dip KLN Logistics Group reported its 2025 results, showing growth in core net profit despite a challenging global environment. Financial Performance Revenue: HK$56.3 billion (-3%) Core operating profit: HK$2.63 billion (-4%) Core net profit: HK$1.40 billion (+3%) Profit attributable to shareholders: HK$1.41 billion (+7%) The company proposed a final dividend of 16 HK cents per share , payable around ONE buys into a Chinese-built port and rewrites its geopolitics Ocean Network Express acquires a 30% stake in Hutchison's Laem Chabang terminal , inserting a Japanese-controlled carrier into one of China's most strategically positioned logistics nodes in Southeast Asia The impact of dual-chokepoints militarization The Bab el-Mandeb disruption imposed a structural, not episodic, demand collapse while the Hormuz crisis was qualitatively different velocity over duration and war-risk premiums surged, making commercial transit commercially impossible before Iranian military enforcement was even fully tested CCS completes green methanol bunkering during cargo ops in Hong Kong China Classification Society (CCS) has supported a green methanol bunkering operation carried out simultaneously with cargo handling in Hong Kong. The container vessel COSCO Shipping Gemini , classed by CCS, received 300 tons of green methanol via ship-to-ship (STS) transfer. At the same time, the vessel continued container loading and unloading operations. Efficient and safe SIMOPs operation CCS DHL expands Asia-Europe air freight capacity with new flights DHL Global Forwarding has expanded its dedicated air freight capacity between Asia and Europe. The company launched new weekly flights linking key logistics hubs in Shanghai, Leipzig, Hong Kong, and Liège. The move strengthens collaboration between DHL Global Forwarding and DHL Express. It also improves the Group's ability to serve fast-growing Asia-Europe trade lanes. New routes boost capacity a What does it take for Hormuz to go back to normal? Analysts warn the BRS recovery estimate is a floor, not a forecast, as mine threats, insurance gaps, and Iran's selective access regime compound every day the conflict continues Kuwaiti oil tanker hit by Iranian attack at Dubai port A Kuwaiti oil tanker caught fire after being struck in what has been described as an Iranian attack while anchored at Dubai Port, according to local sources and state media reports. Kuwait's official news agency KUNA, citing the state-owned oil company, reported that the fully laden crude oil tanker was targeted in the anchorage area, resulting in damage to the vessel's hull and raising concerns Wan Hai Lines announces rate restoration on Asia trades Wan Hai Lines has announced a Rate Restoration (RR) on selected Asia trades in response to recent developments in the Middle East and the resulting changes in operating conditions. The adjustment will take effect from 15 April 2026 and will be applied at USD 100 per 20-foot container and USD 200 per 40-foot container. According to the carrier, the rate increase reflects rising operating costs dri AD Ports Group reports record 2025 revenue and profit AD Ports Group published its 2025 Annual Report, highlighting record revenue and profit driven by global expansion and stronger trade connectivity. Record Financial Performance The Group reported: Revenue: AED 20.77 billion (+20% YoY) Net profit: AED 2.07 billion (+16% YoY) Revenue and profit have grown more than fivefold since 2020. Growth came from ports, economic zones, and maritime businesses COSCO vessels complete Strait of Hormuz transit Two COSCO container ships have successfully transited the Strait of Hormuz after previously aborting an earlier attempt, accoring to MarineTraffic data. Chinese container ships reportedly turned back in Strait of Hormuz The two vessels, CSCL Indian Ocean and CSCL Arctic Ocean, completed their transit after a previous attempt was aborted. This successful movement indicates a potential change for v Genco rejects Diana offer, defends value strategy Genco Shipping & Trading Limited sent a letter to shareholders outlining its strategy and rejecting a takeover proposal from Diana Shipping. Strong Performance and Strategy Genco says it continues to execute its value strategy. The company focuses on low leverage, high dividends, and fleet growth. Over the past five years, Genco delivered 213% total shareholder return (TSR) . This exceeds the S&P World's first hydrogen-fueled main engine tested for large commercial vessel Japan Engine Corporation (J-ENG) and Kawasaki Heavy Industries (Kawasaki) successfully ran the world's first hydrogen-fueled main engine for a large commercial vessel. The test is part of the Green Innovation Fund Project "Development of Marine Hydrogen Engines and MHFS," supported by NEDO and in collaboration with Mitsui O.S.K. Lines (MOL), MOL Drybulk, Onomichi Dockyard, and ClassNK. Hydrogen C SM Line ships get satellite systems from SpaceX subsidiary Starlink Korea South Korean liner operator SM Line has installed satellite systems from Starlink Korea, the South Korean subsidiary of US aerospace and artificial intelligence group Space Exploration Technologies Corporation (SpaceX), on all 13 ships in its fleet. Starlink's low earth orbit satellite communication is a service that uses more than 8,000 satellites launched at an altitude of about 550 km, and is

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MARCH 31, 2026

Ningbo Ocean Shipping lines up fresh feeder boxship order Ningbo Ocean Shipping Co (NBOSCO) is continuing its containership fleet expansion with a fresh newbuilding plan. The Shanghai-listed carrier said it will invest in four firm 1,900 teu vessels, with options for two more units. The move is part of a broader investment of up to CNY2.7bn ($390m) in total which also covers containers. The ... Fugro wins early-stage work on Petrobras wind pilot Fugro has secured a role on Brazil's first offshore wind project to move forward under a formal environmental licensing process, taking on geotechnical work for Petrobras' Rio de Janeiro offshore wind pilot. The 18 MW scheme marks an early step for offshore wind in South America, as countries in the region begin to put regulatory ... Malta's Polidano steps into shipping with Damen order Malta's Polidano Group is stepping further into shipping, placing an order for two small cargo vessels at Dutch builder Damen Shipyards. The construction-focused group has signed for two 3,850 dwt combi freighters, marking a shift towards expanding its in-house logistics capacity. The vessels, to be named Denise P and Julia P, will mainly be used ... Venergy lifts MR options at K Shipbuilding Rapidly expanding Greek owner Venergy Maritime is stepping up its tanker newbuilding drive, firming up options for two more MR product tankers at South Korea's K Shipbuilding. The move lifts its total MR orderbook at the yard to eight vessels, as the Vyron Vasileiadis-led outfit continues to scale up at pace. The latest units are ... Pan Ocean adds VLCC newbuild to growing tanker play South Korea's Pan Ocean has added another VLCC to its orderbook, continuing a steady push into the crude tanker segment. The Harim Group-controlled owner said in a stock exchange filing it will pay around $121.8m for the vessel, although it has yet to name the shipyard behind the deal. Delivery is slated for late December ... Sweden's top port lines up next phase of expansion The Port of Gothenburg has taken another step in its long-term expansion, securing land in its outer harbour area to support future growth. The deal, agreed with listed property company Platzer, covers land, office buildings and water areas, and has a total transaction value of SEK 684m ($71.5m), including the sale of a smaller logistics ... Navigating the rise of subjective injury claims in the maritime industry Kristin Poling, senior claims executive at UK P&I Club writes for Splash today. Operational environments on board a ship can be dangerous, with seafarers regularly navigating unpredictable and sometimes precarious conditions. Such incidents may result in lasting impacts that extend beyond physical injury and entail a psychological cost. It is this element that can be ... Chiyoda and NYK chase carbon capture business around the world Japanese engineering firm Chiyoda Corporation has signed a memorandum of understanding with Nippon Yusen Kaisha (NYK) and its affiliate Knutsen NYK Carbon Carriers (KNCC) to collaborate on global projects in the field of carbon capture and storage (CCS). In 2024, the three companies jointly conducted a study on the quantitative evaluation of costs and schedules ... Hormuz now a pay to pass corridor Iran's parliament has approved a formal toll and access regime for the Strait of Hormuz, while a fully loaded Kuwaiti VLCC has been attacked and set on fire at anchor off Dubai port on day 32 of the war between the US/Israeli coalition and Iran. Iran's Parliament Security Committee has approved a sweeping management plan ... China Merchants Energy stacks orderbook with 10-ship VLCC series China Merchants Energy Shipping (CMES) has moved to further expand its crude tanker fleet, lining up 10 very large crude carriers (VLCCs) at Dalian Shipbuilding Industry Co (DSIC). The Shanghai-listed owner has placed the order through its Hong Kong-based subsidiary Associated Maritime Co, adding another large batch of tonnage to an already active newbuilding programme. ... Scorpio Tankers pockets $70m from fresh MR sales Scorpio Tankers is continuing to cash in on firm secondhand prices, lining up the sale of two more MR product tankers as part of an ongoing fleet reshuffle. The New York-listed owner has agreed to sell the 2015-built, scrubber-fitted STI Brooklyn and STI Black Hawk for $35m each, with delivery expected in the second quarter ... Satellite images show Ukraine strikes cripple Russian Baltic export capacity Satellite imagery is confirming severe damage to Russia's prime energy exporting ports, as Ukraine's Baltic bombardment campaign continues for an eighth day. Ust-Luga port was attacked for the third time last night in the space of just over a week, with Ukrainian drones mounting a massive campaign against Russian ports and refineries in the Baltic ... Genco warns shareholders over Diana proxy push The takeover battle between dry bulk players Genco Shipping & Trading and Diana Shipping is stepping up, with the US-based owner urging shareholders to ignore its rival's advances and back the current board. In a fresh letter to investors, New York-listed Genco doubled down on its rejection of Diana's $23.50-per-share offer, calling it inadequate and ... Japanese-built cape prices jump 15% in two months The sale and purchase market continued to firm this week, with asset prices for large bulkers pushing higher despite geopolitical tensions. Demand for capesize tonnage remains strong, with brokers reporting a few deals per week. All eyes have been on the sale of a Japanese-built bulker after owners invited offers earlier this month for the ... French court jails Chinese shadow fleet captain in absentia A French court has sentenced the Chinese captain of a suspected Russian shadow fleet tanker to one year in prison and issued an international arrest warrant against him, in a ruling that marks one of the most significant legal escalations yet in Europe's campaign against vessels circumventing Western sanctions on Russian oil. Captain Chen Zhangjie, ... Cyclone Narelle damages Jadestone Energy's platform off Australia Singapore-based oil and gas firm Jadestone Energy has revealed that its Stag oilfield, located 60 km offshore Western Australia, has been damaged by cyclone Narelle. The shutdown of the Stag facilities commenced on March 23, and the platform was demobilised due to the projected path of the cyclone, which developed into a category 5 storm ... Reactivations and mega expansions signal long-term China shipbuilding hegemony China's shipbuilding capacity surge has accelerated with a wave of reactivated yards and major expansions across established shipbuilding groups, in what is the most significant capacity expansion in years, according to broker BRS Group's latest 181-page annual shipping markets review. China reached an orderbook market share of 70.9% at the end of 2025, up from ... BW Energy seals $80m rig sale-leaseback deal with Chinese firm Norway's BW Energy has signed a sale and leaseback agreement with Minsheng Financial Leasing (MSFL) for the 2004-built Jasmine Alpha jackup drilling rig. Under the agreement, BW Energy will receive $80m in cash consideration, which, according to the company, will strengthen its financial flexibility while maintaining continued access to the unit. Under the agreement, BW ... Seven reasons for a global revenue-raising policy on international shipping Goran Dominioni, assistant professor in climate change law and policy at Dublin City University and visiting professor at the World Maritime University, writes for Splash today. The UN's International Maritime Organization (IMO) agreement on the Net-Zero Framework reached last year was seen by many as the biggest climate breakthrough in recent history. A key component of ...

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MARCH 31, 2026

IMO's Net-Zero Framework 'to raise transport costs by 20% by 2040' The Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping found the IMO's Net-Zero Framework would do far more for decarbonisation... Asian tanker flows face disruption even with favourable war outcome Asian crude oil imports have already taken a hit from the 'largest supply disruption in the history of the global... TEN nets partnership deal with New York Knicks 'Multi-year agreement' will raise profile of Greek tanker owner in the Big Apple US clears Russian shadow fleet tanker to deliver crude to Cuba Cuba has received its first crude shipment in three months via a Russian shadow fleet tanker despite the US-imposed blockade... HFW announces round of promotions Six lawyers start new roles tomorrow Boxship charter market shows resilience despite Gulf disruptions One container line, which has had to cancel services to the MEG, is taking advantage of strong short-term charter rates... Middle East port update: Tuesday, March 31 Traffic through the Strait of Hormuz continues to be severely disrupted and conditions may change at short notice France jails shadow fleet master in absentia An arrest warrant has been issued for the Chinese captain and a one-year jail sentence handed out by the French... DH Shipbuilding stacks up suezmax orders as global orderbook surpasses 25% of existing fleet Alongside tanker newbuildings, DH Shipbuilding is also building containerships and shuttle tankers for delivery through to 2028 Asia's nervous wait for green regulation Uncertainty, not new regulation, is the biggest risk for the shipping sector in the year ahead. But Asia's maritime community... Kuwaiti VLCC hit off Dubai Attack comes as the International Chamber of Shipping and Middle East Gulf states met to discuss the impact of the... The Daily View: Hormuz moves on Tehran's terms Daily Briefing Subtle rise in non-Iranian trade through Hormuz | Russia flag switch loses appeal for shadow fleet operators | Cosco boxships...

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MARCH 31, 2026

Appeals court upholds FMC rules on carrier refusal-to-deal, export policies The World Shipping Council argued unsuccessfully that a section of OSRA-22 aimed at US exports was an overreach by the country's maritime regulator. Salalah disruptions send carriers on Indian trades back to adding Pakistan calls With operations at Salalah suspended on Saturday due to a drone strike, Hapag-Lloyd has positioned its upcoming westbound sailing on the India-USEC "TPI" service to call at Port Qasim in Pakistan. Industry faces trickle down pivot as largest ocean carriers continue to grow With big carriers "ferociously" integrating, those down the pecking order like smaller liners, neutral terminal operators and leasing companies have seen their market shrink and need to review strategy as a result, writes Jeremy Masters. MPV operators face worsening bunker fuel supply crisis as stocks tighten Carriers are already facing tight supplies in most key bunkering hubs including the Middle East and South Africa, which has led operators to cut the speed of ships and become more flexible in sourcing fuel.

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MARCH 31, 2026

Hanwha Ocean taps ExxonMobil veteran to run shipping unit James Sagar joined South Korean group in October after decades at ExxonMobil Net-Zero Framework alternative would see LNG dominate, says Maersk Carbon Center Policy manager assessed proposals to reopen the debate about the net carbon fund and found distinct differences New Fortress' Brazil spin-off strikes lease deal for FSRU-based terminal No details given of new lease and capacity holder for facility that has been in works since 2017 Saudi Aramco takes in tanker newbuildings as rates stabilise Indonesian owner finds term work for more of its product carriers Hijacked pirate mothership loitering near major shipping lane 'disrupted', says EU navy Would-be pirates are said to be 'isolated' and unable to attack commercial ships War has left seafarers in the danger zone. Who can blame them for chasing a life on land The risk of seafarers leaving the industry increases with every global conflict Onassis banks lucrative VLCC deal as charterers cover twin risks Hyundai Glovis pays Greek owner a freight rate not seen in several years Schoeller inks deal for methanol-ready newbuildings in China Cyprus-based group adds to fleet by returning to China State Shipbuilding Corp subsidiary MOL sets sights on profit of $2.6bn in 2030 Phase two of 15-year strategy sees focus on value realisation as next-generation management takes the helm Thompson Shipping Lines expands dry bulk fleet with handysize purchase Privately owned Australian bulker owner remains confident in outlook for dry bulk sector Ningbo Ocean Shipping unveils plans to build six feeder vessels Shanghai-listed company to invest up to $390m in container newbuildings and boxes Iino Lines funds methanol-ready VLCC newbuilding with green financing deal Eco-target met for newbuilding as Mizuho Bank provides the cash Oil firms fear tanker shortage in 'crazy and unprecedented times' Suezmax owners in particular are living through crazy times, market players say Shipbuilder insurer Gardian snapped up by Optio Group Former WTW brokers set up Gardian in 2024 to insure complex shipbuilding projects Laskaridis Shipping doubles down on debut suezmax order in South Korea Recently established brand Lavinia Tankers will boast a fleet of up to four suezmaxes upon delivery Vitol green shipping lead Ian Butler steps down Familiar shipping face changes profile to read 'taking a break' Investment platform Alpha Omega confirms debut handysize newbuildings Singapore-based firm reveals Jiangsu Huatai as the shipyard of choice in joint project with China's YZJ Maritime Greek owner adds to product tanker fleet in DIS ship swoop Spring Marine said by brokers to have snapped up the High Seas Iran offers 'toll-free' Strait of Hormuz pass for stranded Malaysian ships Diplomatic ties with Iran ease transit amid escalating regional tensions One in five ships in English Channel may be uninsured, officials warn Figures suggest 10% of vessels transiting EU coastal waters may not have adequate cover Two years after deadly shooting, Greek shipowner returns to S&P market Karnessis family outfit European Navigation is reportedly buying its first LPG carrier Swarm of drones attacks vital Russian oil port in fresh energy infrastructure hit The important terminal has been under sustained attack for several days New DHT VLCC heads out on charter of up to seven years Owner also completes sale of older tanker New Marinakis tanker company has 'meaningful upside', says Clarksons Analysts believe there is more to come from efficient and modern crude fleet Captain of shadow tanker suspected of launching drones at EU airports handed jail term Brest court issues arrest warrant for Boracay captain Chen Zhangjie Maltese construction group moves into shipowning with double order Polidano Group signs combi freighter deal for aggregates business DH Shipbuilding sets suezmax price record as orderbook hits full-year target in first quarter Yard reaches its full-year mark just three months into 2026 NYK teams up with Chiyoda and Knutsen on carbon capture and storage projects The collaboration covers Japan and abroad Gulf attack: Fire breaks out on Kuwaiti VLCC bound for China Tanker and container ship report attacks as US presses Iran to agree to a peace deal Woodside homes in on preferred shipowner duo for raft of LNG newbuildings Names surface for anticipated winners of first charters Pan Ocean turns to China for VLCC newbuilding The diversified shipping company is making a big push in the VLCC sector Hin Leong founder OK Lim hospitalised days before jail term begins Breathing difficulties raise uncertainty over surrender to serve 13.5-year sentence Suezmax order sees DH Shipbuilding hit its 2026 annual newbuild target in first quarter The contract, worth KRW 275bn, has also set a new record price for the type, South Korean shipbuilder says Hainan Strait Shipping targets 20% capacity lift with digital twin push Ferry operator links AI scheduling to fleet renewal and port upgrades China Merchants out of cruise as it ends joint venture with Viking The joint venture's only ship has been sold to a Chinese leasing company but it still retains a strong connections with Viking Hanwha wins its first US Navy design role amid shipbuilding revival push South Korean shipbuilder deepens US foothold as industry gaps draw scrutiny NYK teams up with Chiyoda and KNCC on carbon capture and storage projects The collaboration covers Japan and abroad Hong Kong owner Courage aims to expand fleet despite booking a loss in 2025 Company is cautiously optimistic on longer-term prospects of its shipping business Cosco Shipping Development leans on leasing as container cycle softens Fleet financing and diversification offset weaker box demand Scorpio Tankers adds close to $70m to cash pile in sale of MR duo Any further sales may speak more loudly about a recent firming in values, president Robert Bugbee says Japan tests slow-speed hydrogen-fuelled engine on full load Hydrogen slow-speed engine targets multipurpose newbuilding Iran asserts sovereignty over Hormuz by enshrining transit fees into law State media reports formal approval, but legal and diplomatic hurdles remain Ren Yuanlin eyes Hong Kong listing as shipping veteran calls Singapore exchange 'too small' CEO is exploring plans to list Yangzijiang Financial and Yangzijiang Maritime in Hong Kong China's next shipping push is bigger than it looks Policy shift seen as systemic leap but hurdles remain on rules and execution Ren Yuanlin eyes Hong Kong listing as shipping veteran calls Singapore 'too small' Ren is exploring plans to list Yangzijiang Financial and Yangzijiang Maritime Development in Hong Kong Blaze ignites on tanker as lull ends in Middle East shipping attacks Tanker and container ship report attacks as US presses Iran to agree to a peace deal

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MARCH 31, 2026

DP World expands eastern Canada reach DP World has opened a new freight forwarding office in Montreal, expanding its Canadian logistics network and strengthening its end-to-end service offerings. The Dubai-based company said that the new location provides support for customers across the retail and industrial sectors, improving supply chain efficiency and expanding bilingual service delivery across the province. The Montreal office, Benchmark diesel up again, but by smallest amount in weeks For the 11th consecutive week, the benchmark diesel price used for most fuel surcharges rose, but by a number that looks almost tiny compared to the prior three weeks. The Department of Energy\Energy Information Administration average weekly retail ultra low sulfur diesel (ULSD) price rose by 2.6 cents/gallon to $5.401/g. That increase is far less than the prior three weeks coming out of the star CN made 'inaccurate claims' on rail merger data: UP exec A Union Pacific executive has responded to comments by Canadian National about the planned UP-Norfolk Southern merger, saying CN made "inaccurate claims" regarding the traffic study included in the initial version of the UP-NS merger application. "The traffic study included in our filings with the Surface Transportation Board was conducted by the same expert CN (NYSE: CNI ) used for its Iowa Nort South Korean-owned U.S. shipyard gets first Navy contract A Philadelphia shipyard owned by a South Korean industrial conglomerate said it has been awarded its first U.S. Navy contract. Hanwha Defense USA (HDUSA) and Hanwha Philly Shipyard will serve as a design subcontractor to Norwegian shipbuilder Vard Group's U.S. division on the Next Generation Logistics Ship (NGLS) program, for vessels that resupply Navy ships at sea. It's the first Navy contract a Tariffs, frozen food demand reshape cold chains, Lineage report says Tariffs, regulation and shifting consumer demand continue to disrupt cold supply chains, according to a survey released by temperature-controlled warehouse operator Lineage . The Cold Chain Insights Survey of 1,000 supply chain decision-makers across the U.S., Canada and Mexico found that geopolitical uncertainty and policy shifts - particularly tariffs - are among the biggest factors influencing Alaska Airlines taps PrimeFlight to provide cargo service in London Alaska Airlines has selected PrimeFlight Aviation Services to handle cargo for the carrier at London Heathrow International Airport ahead of the May 21 launch of daily nonstop widebody service from Seattle to London. Alaska Airlines ( NYSE: ALK ) will carry cargo to London in the bellyhold of Boeing 787-9 Dreamliner aircraft inherited in the acquisition of Hawaiian Airlines. Alaska began service From rejected category to modern 4PL: Redwood's path through Gartner analysis The modern enterprise sale demands more than a superior product. Million-dollar decisions don't land on boardroom tables by accident. When procurement teams and execs are evaluating a warehouse management system or transportation platform, they want proof it's not career suicide. Expensive decisions could lead to expensive mistakes. That's where analyst validation comes in. For Redwood Logistics, Tariff turmoil: Refunds, lawsuits and new duties ahead A recent U.S. Supreme Court ruling striking down tariffs imposed under the International Emergency Economic Powers Act (IEEPA) has triggered a wave of refund litigation and forced companies to rethink their tariff strategies, trade attorneys said during a webinar hosted by law firm Dykema. The webinar, titled "2026 Tariff Turbulence: IEEPA Tariffs, Supreme Court Fallout & Refund Strategies," was