Schottel introduces new compact SP J-S auxiliary thruster for underwater vehicles Spay, Germany-based Schottel has introduced the PumpJet Submersible SP J-S expanding its portfolio with a submersible auxiliary thruster designed for manned and unmanned underwater vehicles. Unveiled this week at Euronaval 26 in
Derecktor and Chartwell Marine to design and build a ferry for Sapelo Island, Georgia The Georgia Department of Natural Resources has contracted Derecktor Shipyards to build a new 70-foot, 150-passenger catamaran ferry for Sapelo Island, with construction starting at Derecktor's Dania Beach, Fla., yard before year-end.
Céline Mortier elected WISTA International's new president WISTA International has elected Céline Mortier as its new president. The former WISTA Belgium president, she is CEO of Antwerp-headquartered Bogerd Martin and was formally appointed to the new WISTA role as
Vard Vung Tau launches energy construction vessel Fincantieri's Norwegian subsidiary Vard reports that its Vard Vung Tau shipyard in Vietnam has launched NB985, marking an important milestone in the construction of the energy construction vessel (ECV), contracted by Wind
Shell starts production from Silvertip Phase 3 in the Gulf Houston, headquartered Shell Offshore Inc., a subsidiary of Shell plc, has started production from Phase 3 of its Silvertip project in the Gulf of America, bringing two new wells online at the
Kirby reports strong Q3 earnings, $115M marine asset acquisition Houston-based Kirby Corporation reported higher third-quarter earnings and marine transportation revenues while announcing an agreement to acquire $115 million in inland marine assets. For the quarter ended September 30, 2026, Kirby reported
Op-Ed: The hidden risks of shipyard fire protection Marine insurers face a persistent challenge in shipyards, where periods of heightened fire risk can coincide with vessels' permanent protection systems being offline. Aron Wadhia, head of business development at Ramtech, explains
FMD unveils AutoHook fully-autonomous vessel recovery interface Launched by Fairbanks Morse Defense (FMD) at this week's EURONAVAL 2026 in Paris, AutoHook is a first-of-its-kind fully-autonomous vessel recovery interface. Developed by FMD's Norway-based business, Vestdavit, AutoHook is designed to set
Saab introduces its new CB90 CX combat boat Saab is introducing the new Combat Boat 90 Capability X (CB90 CX). It features three optionally crewed configurations: intelligence, surveillance and reconnaissance (ISR), anti-ship warfare, and short-range air defense (SHORAD). Together, says
Maritime infrastructure and rail as engines of North-Western Italy's growth The Liguria Region, working with Lombardy and Piedmont, organised the two-day event "Connections Shaping the Future: North-Western Italy as an Integrated Network" in Genoa. Rail carries about 30% of overland freight at Savona-Vado and 12.5% at Genoa, and the aim is to lift Genoa's share to at least 30%. The presidents of the three regions, Marco Bucci, Alberto Cirio and Attilio Fontana, attended,
Hormuz: permanent risk or alarm for renewed war? Iran's harassing fire makes Hormuz risk durable. The threat of renewed war comes from somewhere else, and it would probably not end that risk
ONE expands container reuse services to Switzerland with Avantida Ocean Network Express (ONE) has introduced container reuse services in Switzerland through its collaboration with Avantida, allowing transport operators to reuse import containers for export shipments. The service aims to reduce unnecessary empty container movements and improve the efficiency of inland logistics operations. Under the arrangement, transport companies can reuse eligible import cont
Maersk introduces dry port surcharges for Virochannagar Maersk has introduced new export and import dry port surcharges for shipments moving between Virochannagar, India, and worldwide destinations. The new charges took effect on 1 November 2026 for non-regulated countries. They will apply from 29 November 2026 for regulated countries. The export Dry Port Surcharge (DPS) will apply at the following levels: Container type Export surcharge 20-foot dry I
ESL expands Far East-Africa network with FAX2 and FAX3 services Emirates Shipping Line (ESL) will launch two new services connecting major Chinese ports with East and southeastern Africa. The new Far East Africa Express 2 (FAX2) and Far East Africa Express 3 (FAX3) services will complement ESL's existing Far East Africa Express network. The FAX2 service will connect Qingdao, Ningbo and Nansha with Mombasa through Port Klang. Its first sailing is scheduled to
Maersk revises terminal handling charges in Dili Maersk will revise its origin and destination terminal handling charges for shipments moving between Dili, Timor-Leste, and worldwide markets. The new rates will take effect on 1 December 2026 and remain valid until further notice. The same tariff levels will apply to imports and exports. Container type Dili to world - OHC World to Dili - DHC 20-foot dry US$400 US$400 40-foot dry US$735 US$735 45
MSC Hannah III rescues 10 crew from sinking vessel off Cyprus MSC Hannah III rescued all 10 crew members from the Tanzanian-flagged commercial vessel AS Dream after it began sinking west of Cyprus. The Cyprus Joint Rescue Coordination Centre (JRCC) received information about the emergency at 20:15 on 30 October. AS Dream was approximately 90 nautical miles west of Cyprus, within the country's Search and Rescue Region. JRCC Larnaca activated Cyprus' national
Maersk and Hapag-Lloyd reroute Gemini IOS service via Red Sea Maersk and Hapag-Lloyd have announced plans to reroute their Gemini Cooperation Indian Ocean Service (IOS) through the Red Sea and Suez Canal, replacing the longer route around the Cape of Good Hope. The decision follows a review of the security situation in the region. According to the carriers, the revised routing will provide more efficient connections between India and Europe. The changes are
CMA CGM introduces Black Sea war risk surcharge and updates Red Sea charges CMA CGM has announced a new War Risk Surcharge (WRS) for shipments to and from Black Sea countries. The carrier has also updated its Dangerous Goods Surcharge for selected routes connecting Europe, North Africa and the Red Sea. The measures introduce a US$35 per TEU war risk charge for Black Sea shipments and a US$150 per TEU charge for specified dangerous goods movements. War risk surcharge for
StormGeo acquires Portchain to expand voyage optimization capabilities StormGeo, part of Alfa Laval, has acquired Danish maritime technology company Portchain, expanding its capabilities in voyage optimization and port call coordination. The acquisition was completed on 30 October 2026 and brings Portchain's container terminal coordination technology into StormGeo's maritime digital solutions portfolio. The companies did not disclose the financial terms of the trans
ZIM launches new ZX3 express service connecting China and Los Angeles ZIM Integrated Shipping Services has announced the launch of ZX3, a new premium express container service connecting Shanghai and Xiamen in China with Los Angeles on the US West Coast. The new service is scheduled to begin operations in December 2026 and will operate exclusively under ZIM. It will offer a direct transit time of 12 days from Shanghai to Los Angeles and 15 days from Xiamen. New ZX3
COSCO's windfall quarter hides a longer game Chinese state carrier's 81% profit jump is borrowed from global disruption but the cash is being turned into structural power
Readers Speak: Maersk's Suez return divides expectations over March deadline The prospect of Maersk completing its return to the Suez Canal by March 2027 has generated differing expectations across the container shipping industry, reflecting uncertainty over the pace at which services may resume using the route. In its latest Readers Speak poll, Container News asked readers: "Will Maersk complete its Suez Canal return by March 2027?" The responses revealed a closely divid
ClassNK updates ship cyber security guidelines to simplify compliance ClassNK has released the second edition of its Guidelines for Cyber Security Management System for Ships , introducing clearer audit requirements and closer alignment with international cyber security standards. The updated guidelines aim to help shipowners and ship management companies manage cyber risks across their fleets. They also provide a common framework for addressing requirements from d
GEODIS deploys electric truck for container haulage at Port Botany GEODIS is expanding its electric vehicle operations in Australia with the addition of a Volvo FM Electric Prime Mover. The new truck will support container transportation between Sydney's Port Botany and Volvo's local warehouse. The vehicle marks GEODIS' entry into electric-powered container haulage in Australia. It also becomes the third electric truck in the company's Australian fleet. The Volv
Everllence appoints Fabian Kley as new CFO Everllence has appointed Dr Fabian Kley as Chief Financial Officer (CFO) and member of its Executive Board, effective 1 November 2026. Kley has already led the company's Finance division since March 2026. He will now formally assume the CFO position following a decision by the Everllence Supervisory Board. He joined Everllence in 2019 and has held several senior positions within the company. Most
CU Lines adds Duqm to China-Gulf Express service CU Lines has added Duqm, Oman, to its China-Gulf Express (CGX) service, according to DynaLiners. The carrier introduced the new call earlier this month. Duqm replaces the service's previous call at Sohar. The CGX service operates once every three weeks. Its revised rotation is: Qingdao - Ningbo - Shenzhen (Shekou) - Nansha - Port Klang - Khor Fakkan - Duqm - Qingdao The revised service provides a
Port Houston advances Project 12 planning The Port Commission of the Port of Houston Authority convened its regular monthly meeting, with discussions spanning the recently completed Project 11 channel improvements, early planning for a potential Project 12 expansion and progress on the proposed Barbours Cut North Expansion Project. Chairman Ric Campo reflected on the October celebration marking completion of the Port-led Project 11 segme
When the ship pays back before the owner does Fuel-saving retrofits can pay for themselves long before the shipowner who funded them sees a return. A new BIMCO contract seeks to resolve shipping's longstanding divide between who pays for efficiency and who pockets the savings. Alex Byelyavtsev reports. DNV's Maritime Forecast to 2050 has a 5,000 teu case: bow modification, propeller retrofit and propeller ...
OMV Petrom chief to exit as Neptun Deep nears first gas Romanian oil and gas producer OMV Petrom is preparing for a leadership change as chief executive Christina Verchere has announced she will not seek another term, with her departure set to occur around the planned startup of the company's flagship Neptun Deep gas development in the Black Sea. Verchere, who has led the company since ...
Oceanity bags Petrobras charter for oil spill response vessel Offshore vessel operator Oceanity, formerly known as CMM Offshore, has secured a four-year charter contract with Brazilian state-controlled oil major Petrobras for its fast oil spill response vessel CMM Purity. Oceanity subsidiary, CMM Offshore Brasil, signed the contract, which covers deploying the specialised vessel to support Petrobras' offshore operations. The financial terms, commencement da
Norway hands out $430m for floating offshore wind projects Norway's state-backed Enova has awarded NOK3.94bn ($430m) in funding to two floating offshore wind projects to install four next-generation turbines off Karmøy. Fortius Offshore Wind and Fram Wind Solutions have been selected to receive support for projects at the METCentre offshore wind demonstration facility in Rogaland. The awards follow a competitive funding process that attracted ...
LS Cable & System lines up Korean offshore wind installation deal South Korea's LS Cable & System and its subsidiary, LS Marine Solution, have signed a capacity reservation agreement with Taean Wind Power for subsea cable supply and installation work on the 504MW Taean offshore wind project. The two companies are currently carrying out engineering and preliminary surveys to determine cable specifications and the final offshore ...
Wallenius Wilhelmsen adds $700m Asian carmaker deal to contract haul Norwegian car carrier giant Wallenius Wilhelmsen has secured a three-year shipping contract worth around $700m with a major Asian automaker, taking its newly announced contract wins to more than $1.7bn in the space of five days. The Oslo-listed group did not identify the customer but said the agreement builds on an existing relationship. Freight rates ...
JP Morgan doubles down on VLCCs with fresh Hanwha deal US banking giant JP Morgan has signed up for another two VLCC newbuildings at South Korea's Hanwha Ocean, lifting its growing crude tanker orderbook to 12 vessels across yards in China and South Korea. Shipbuilding sources have tied the latest deal to the Wall Street lender's maritime investment arm after Hanwha disclosed a KRW356.8bn ($267m) ...
Yangzijiang Maritime extends tanker buying spree at Haifeng Singapore-listed Yangzijiang Maritime Development has signed a contract for four 50,000 dwt MR product tankers at Jiangsu Haifeng Shipbuilding, extending its extensive newbuilding programme in China. The Ren Yuanlin-led group recently concluded the deal after several rounds of tanker orders at Haifeng this year. No contract price or delivery schedule has been disclosed. The two ...
Subsea 7 lands North Sea subsea contract from Aker BP Offshore engineering and construction specialist Subsea 7 has secured a contract worth between $150m and $300m from Aker BP for the fast-track development of the Lyra field in the Norwegian North Sea. The award covers EPCI for gas lift and production pipelines and associated subsea infrastructure for the development, formerly known as Kjøttkake. Located approximately ...
Asia Break Bulk adds heavylift muscle in Schoeller deal Singapore-based Asia Break Bulk has secured four 12,600 dwt multipurpose heavylift newbuildings through a long-term deal with Schoeller Holdings. The COLI Group-controlled carrier said the Octopus-type vessels, designed by China's CSSC-SDARI, will feature two 250-tonne cranes capable of tandem lifts of up to 500 tonnes. The first ship is scheduled for delivery in October 2028, ...
WISTA International elects Céline Mortier as new president Céline Mortier, chief executive of Belgian maritime navigation services provider Bogerd Martin, has been elected president of WISTA International, succeeding Elpi Petraki after four years leading the global organisation. Mortier, who previously served as president of WISTA Belgium, was appointed during the association's annual general meeting and conference in Kuala Lumpur, Malaysia, held from Oc
Union Maritime returns to Dalian for product tanker pair UK diversified shipowner Union Maritime has added two more 24,200 dwt product tanker newbuildings at China's Dalian Shipbuilding Offshore Co (DSOC), taking its programme at the yard to six vessels. The Laurent Cadji-led company's updated fleet list identifies the additional ships under hull numbers PC24K-5 and PC24K-6, both scheduled for delivery in 2028. No contract ...
Hijacked fishing vessel approaches shipping lane amid Somali piracy fears Commercial shipping in the western Indian Ocean has been warned of a potential new piracy threat after armed attackers seized an Iranian fishing vessel off Somalia and moved it towards a busy maritime traffic lane. The Azini was hijacked on Thursday, October 29, off the northeastern Somali coast, with 21 Iranian crewmembers and two Somali ...
Russia moves to bar ageing foreign ships from its ports Russia has formally put proposed restrictions on ageing merchant ships out for public consultation, seeking to bar foreign-flagged vessels older than 40 years from its ports as Moscow tightens oversight of the fleet carrying its seaborne trade. The transport ministry published the draft legislation, proposing a separate 50-year threshold for Russian-flagged ships, with transitional arrangements ...
Ningbo Ocean maps $1.5bn eight-ship leasing expansion China's Ningbo Ocean Shipping is preparing another major fleet expansion, unveiling plans to lease eight new vessels under agreements carrying potential rental commitments of up to RMB10.3bn ($1.53bn). The Shanghai-listed carrier said the proposed programme covers four 7,000 teu containerships, two 14,000 teu vessels and two 7,000 ceu pure car and truck carriers, with lease ...
MSC adds three more megamaxes at Waigaoqiao Mediterranean Shipping Co (MSC) has been linked to another three LNG dual-fuel megamax containerships at China's Shanghai Waigaoqiao Shipbuilding (SWS), expanding its series at the CSSC-owned yard to 13 vessels. Shipbroking sources place the latest 21,700 teu newbuildings at around $210m apiece, valuing the additional investment at approximately $630m and adding another 65,100 teu to ...
South Korea opens 2.2GW offshore wind auction with lower price caps South Korea has launched a new offshore wind auction offering 2.2GW of capacity, including 500MW reserved for floating wind developments, as the country accelerates its renewable energy programme. The Ministry of Climate, Energy and Environment opened the second fixed-price offshore wind auction of 2026 through the Korea Energy Agency. The latest round comprises approximately 1.7GW ...
Odfjell to manage reactivated semisub for Serica's North Sea campaign Norwegian offshore drilling contractor Odfjell Drilling has secured a management agreement for the sixth-generation Beacon Pacific semisubmersible, contracted by Serica Energy for a six-well campaign in the UK North Sea. Serica Energy and rig owner Beacon Pacific Offshore signed the drilling contract, with operations scheduled to begin in the third quarter of 2027. The agreement ...
Hormuz attacks spread deeper into the Gulf Commercial shipping has come under renewed attack in and around the Strait of Hormuz over the weekend, with tankers and an LNG carrier targeted as Washington and Tehran exchange increasingly belligerent warnings despite fresh diplomatic efforts to end the eight-month conflict. In the latest incident, a tanker sailing southeast through the Arabian Gulf was struck ...
Independent probe follows recovery of final Borr rig victim The body of the fifth and final missing worker from Borr Drilling's Prospector 5 jackup sinking offshore Gabon has been located, according to the country's state news agency, as the Norwegian-listed drilling contractor launches an independent investigation into the disaster. Borr had confirmed the recovery of four bodies, with one person still missing. However, Gabonese ...
Solstad CSV wins two APAC subsea contracts Norwegian offshore vessel owner Solstad Maritime has secured two contracts for its construction support vessel Normand Australis, covering subsea and remotely operated vehicle (ROV) operations in the Asia-Pacific region. The contracts have a combined firm duration of 250 days and will be executed consecutively, with operations scheduled to begin in December 2026. The agreements also ...
Maritime CEO Forum: Dry bulk owners eye generational rate rally Dry bulk shipping could be approaching a generational freight rate rally as surging West African mineral exports transform tonne-mile demand, according to shipowners speaking at last week's Maritime CEO Forum in Monaco, although concerns remain over the rapid expansion of Chinese shipbuilding capacity. John Michael Radziwill, chairman of CTM, argued that 2026 had exceeded expectations ...
New seafarers' federation launched in India A new federation bringing together Indian seafarer unions, welfare organisations and maritime charities has been established in Chennai with plans to coordinate action on crew abandonment, unpaid wages and seafarer safety. The International Transport Employees Federation (ITEF) was formed on October 31 following a meeting of representatives from across India, participating both in person and ...
Global shipbuilding orderbook breaks 2008 record with output heading for new peak The global shipbuilding orderbook has surpassed its pre-financial crisis record, with the world's yards set to eclipse their previous production peak next year and expand output still further in 2028. New figures from Clarksons Research put the backlog at 226.1m compensated gross tonnes (cgt) in October, edging past the September 2008 record of 225.5m cgt. ...
General cargo ship in unresolved abandonment case found sinking off Cyprus The Tanzanian-flagged general cargo ship AS Dream, which remains listed in the ILO/IMO seafarer abandonment database, has been involved in a sinking incident off Cyprus, with all 10 crew members rescued. Cyprus's Joint Rescue Coordination Centre received an alert at 20:15 on Friday after the vessel was reported sinking approximately 90 nautical miles west of ...
The Daily View: IMO's shipping lane dilemma: everyone backs freedom of navigation until geopolitics intrudes
How much longer can the Hormuz stalemate last? The Hormuz picture has settled into something of a stalemate. The risk is apparent, some will take it on and...
VLCC stops leaking oil off UAE Satellite imagery from last week suggested crude oil from the spill was washing up on UAE beaches, but state media...
Piracy mothership warning issued in Indian Ocean It's often the modus operandi of pirate action groups to hijack smaller vessels from which they can launch attacks on...
Russia and Iran challenge IMO shipping lane debate as conflicts threaten further escalation Russia and Iran are challenging the IMO's handling of maritime security as escalating threats to commercial shipping in the Black...
The Week in Charts: Premier Alliance adds more Suez services as Red Sea return accelerates | Oil from 'significant spill' washes up on UAE beaches Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Container reliability slumps to 52% as delays near record Late ships averaged 6.6 days behind schedule in the third quarter, the longest delay since the 2021 pandemic peak
The week in newbuildings: Chinese yards win all vessels in quiet ordering week Newbuilding contracting slowed over the past week, with 23 vessels disclosed, all ordered from Chinese shipyards
Ningbo Ocean Shipping eyes mainline ambitions with 10-vessel expansion If both lease plans are fully implemented, Ningbo Ocean Shipping will add 10 large vessels to its fleet through long-term...
Multi-year disruption a possibility as Hormuz attacks mount with fresh strikes Some oil executives have abandoned plans to attend regional conferences amid security concerns, while risks to seafarers persist and freight...
Daily Briefing VLCC rates rising again as focus shifts toward war escalation risk | Long-running Arcadia fraud case to end in payday...
Window for record intermodal savings closing as rate hikes loom Intermodal marketing companies and railroads are using ongoing bid negotiations to raise rates in annual agreements for 2027.
USTR urged to suspend Chinese ship fees until January or later Almost all of the groups that submitted comments to the US Trade Representative said fees targeting China's maritime industry would hurt an array of US industries due to higher transportation costs and reduced export competitiveness.
MPV operators more optimistic as congestion, vessel delays tighten capacity The Journal of Commerce Breakbulk Ship Capacity Indicator fell to its lowest level since the index was launched in February 2025, indicating a decrease in available ship capacity for breakbulk and heavy lift cargoes.
Investment giant hikes Matson and Seaways bets but cuts cruise positions Principal Financial Group's quarterly holdings shows share count hikes in container shipping and tankers
'It is just not safe': IMO chief holds firm over Hormuz transit stance Arsenio Dominguez says ships should not transit the contested waterway
Hormuz attack leaves hole in merchant vessel off Oman Incident is the second in November after the worst month yet for shipping since the Middle East war began
Ukraine proposes new IMO rules for freedom of navigation as attack zone expands in Black Sea Minister describes attacks on ships off Bulgaria and Romania as 'blatantly irresponsible'
Biofuels can help clean up shipping, but standards must come first Industry's fuel transition hinges on robust standards, Rohemir Ramirez Ballagas of the Environmental Defense Fund says
Lauro brothers complete $34.3m sell-down of Scorpio Tankers stock Word of sales comes on a day of sell-offs for shipping stocks amid renewed hopes for peace talks in Middle East
Cadeler shareholders accept move of corporate home to UK Move aimed at attracting wider investor base to BW Group-backed company
'It is just not safe': IMO chief holds firm over Hormuz transit stance Arsenio Dominguez said ships shouldn't transit the contested waterway
Contships Logistics announces 'aggressive' dividend hike as it plays down sinking impact Container ship owner says sinking of Contship Jet will not have a material impact
Owners resist exporter pressure for Black Sea tanker discounts Rates from Russia to India remain at record highs
Wintermar banks on fleet renewal as Indonesian offshore work looks promising Offshore player is expanding and renewing its fleet to meet demand from $48bn of strategic national projects
Emanuele Grimaldi signs LOIs for 10 giant car carriers in China China Merchants and GSI lined up for Italian owner's next big order
Media mogul acquitted of tax evasion charges over sale of cruise vessel Cruise and media investor Mario Ferreira had insisted on his innocence in criminal trial
Navios Holdings sweetens the pot on buyback of interest-paying stock Greek company increases offer by $4 per share while extending deadline
Higher Strait of Hormuz flows help close the gap in product tanker rates Lower volumes out of the Middle East and Russia held down Pacific rates, pulling ships into Atlantic
ESL Shipping handysize fleet drags on profit as demerger nears CEO sees demand improvement in fourth quarter
Saito: How Japan can fight its way back to shipbuilding's top table Japanese yards look to new technologies and younger talent to rebuild market share
Nakilat in nine-ship newbuilding naming blitz Company prepares for its biggest haul of deliveries in 2027 from 40-ship programme
Germany's Minship and Oskar Wehr launch technical manager New entity will offer technical and crewing services and aims to become third-party manager
Number of alternative-fuelled vessel orders doubles in first 10 months of 2026 Container ship contracting boosts LNG dual-fuel ship numbers in October
Rising asset values make John Fredriksen's deal-making SFL a buy, says Arctic Shipowner should be valued on NAV basis, analyst says
Iran reveals grim seafarer death toll after worst month of the war Regime also says 24 tankers have been damaged
'Asset intensity' proves pivotal as VLCC rate strength surprises market Clarksons' Omar Nokta explains why spot levels held up despite lack of fixing at the end of last month
Ernst Russ sells container ship as fleet diversification gathers pace German owner reduce its exposure to older container tonnage while expanding into tankers
QatarEnergy weighs options for offloading cargo from damaged Nakilat LNG carrier Vessel was struck in incident last week
Bulker hit in Russian attack on Ukrainian military cargo trade Latest Black Sea incident involves vessel heading to Chornomorsk
MOL doubles profit outlook as shipping markets run hot Japanese giant upgrades earnings guidance for second time in three months
Newbuilding orderbook hits all-time high of $700bn, Clarksons says Owners have 226m cgt of vessels contracted at shipyards
Navy veteran taps AI solution to counter sea drone threat French start-up Pelagon is already at work protecting ports and cables
Ship sinking in Mediterranean as crew rescued Marshall Islands-owned AS Dream goes down off Cyprus
New threat to Indian Ocean shipping emerges after pirates hijack fishing boat Capture of Iranian vessel is latest by an armed group this year
Schoeller and ABB team up on multipurpose newbuilding programme Four new vessels are coming from 2028, Singapore operator says
Golar's latest FLNG conversion takes shape with hull rejoining Farewell Fuji, hello Esperanza as company gives first glimpse of its initial Mk II unit
ESL Shipping reports 'dissatisfying' results ahead of demerger Parent Aspo sets financial targets for spin-off ESL
Greeks dominate as suezmax sales jump by one-third on VLCC spillover Suezmax buyers are piling in as red-hot VLCC market pushes owners and investors towards cheaper tonnage.
DHT Holdings picked as top shipping stock by Fearnleys DHT's spot exposure is underappreciated by market, analyst says
Capital Clean boasts largest number of open LNG newbuildings Steamships are being given a lifeline on Hormuz transit business, executive says
Seven wounded as Saudi Arabia bombs ships in Yemeni port Two vessels targeted by coalition forces in Ras Isa
Oil leak from VLCC damaged in Iranian attack halted by UAE Repairs are being carried out on the vessel
US offshore project ST LNG wins 'fastest deepwater port licence' Construction is set to kick off next year along with hunt for first vessel to work as FSU
Wallenius Wilhelmsen reveals vehicle contracts worth $1.7bn Norwegian car carrier player signs multi-year deals with leading manufacturers
Iran claims tanker 'explosions' as two more attacks feared in Middle East Gulf One large vessel engulfed in flames, Iranian Navy says
Broker Lightship Derivatives names new CEO Kjell Nordgard steps up from chief operating officer
Wintermar banks on fleet renewal as Indonesian offshore work look promising Indonesian offshore player is expand and renewing its fleet to meet demand from $48.1bn of national projects
Bunker price takes a back seat as shipowners seek supply security Chinese fuel supplier sees a shift in priorities amid growing uncertainty over supplies
Recycling coup: Alang Auto lands BW LNG steamship job Indian recycling group adds gas carrier to a busy year after completing Dukhan job
Korean shipping finance faces a private capital reckoning Industry veterans question whether traditional funding models can keep pace with soaring vessel costs
Waiting on EPA '27 rule, Rush says it might not be soon With the trucking sector anticipating the release of the final rule by the Environmental Protection Agency on nitrogen oxide (NoX) standards-known colloquially as EPA '27-and what engines need to do to get there, one of the country's biggest truck retailers took the issue head on its recent earnings call with analysts. The message by William Rush, the CEO of Rush Enterprises (NASDAQ: RUSHA) and k
SONAR SCI: Custom Insights Now Includes Conversion Optimization: Shows Shippers Where to Switch Modes and What They Can Save The newest module in Supply Chain Intelligence: Custom Insights uses a shipper's own freight data to flag lanes that could move from truckload to intermodal, or between spot and contract, and estimates the savings lane by lane. SONAR has added mode conversion optimization to SCI: Custom Insights, part of its Supply Chain Intelligence (SCI) platform, with Conversion Optimization. The new module us
Amazon, retailers paid more for freight in 3Q Higher fuel and transportation expenses weighed on retailers' supply chains during the third quarter, even as fulfillment improvements helped some companies contain costs. Early reports from Amazon, Tractor Supply and Carter's point to an uneven environment heading into the holiday season, with shipping inflation alongside isolated delays in getting merchandise into inventory. A focus on efficien
Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight ZET Scale, a shipper alliance, just placed the largest electric truck order in US history: 2,500 Tesla Class 8 trucks. Cristiano Façanha from Smart Freight Centre explains how this demand aggregation program is breaking the market's "chicken and egg" problem by making electric trucks cost-competitive with diesel, driving the industry towards a more sustainable future. Learn how major shippers are
LTL vs. Truckload: Who emerged stronger from Q3 earnings reports? FreightWaves Finance Editor Todd Maiden breaks down Q3 earnings. Capacity drawdown continues, but demand needs to catch up. LTL carriers showed demand improvement and managed costs, while truckload saw profit growth lag. What's your take on the outlook? LTL carriers outperformed expectations on both tonnage and pricing in the third quarter, while truckload operators faced mounting cost headwinds
WARNING: Don't Expect This Freight Cycle to End Soon FreightWaves expert breaks down 20 years of freight market cycles, from the muted early 2000s to the current volatile environment. Discover how economic variables and policy changes have shaped boom and bust periods, leading to today's complex supply chain challenges. Learn why assuming a quick end to the current cycle could be a critical mistake for industry pros. The current freight cycle is no
Parcel shipping demand to increase 4% during holidays, ShipMatrix says Parcel carriers will deliver about 2.4 billion packages during the current peak shipping season, up 4% from the same period last year, despite high inflation, according to an estimate from ShipMatrix. The increase in parcel demand is aided by an extra shopping day this holiday season, said ShipMatrix, which helps shippers get more out of their FedEx ( NYSE: FDX ), UPS ( NYSE: UPS ) and regional c
October's 55.5 manufacturing PMI beats expectations U.S. manufacturing activity remained in growth mode for a 10th straight month in October, with most key demand indicators remaining positive. The Monday update supported mostly positive demand commentary provided by public less-than-truckload carriers last week. Manufacturing supply executives surveyed during the month returned a 55.5 reading for the Institute for Supply Management's Manufacturin
TrashLab raises $12M to automate waste haulers' back offices Nearly 80% of the waste haulers using TrashLab's software now rely on its AI agent, Haul-E, to answer inbound calls and capture after-hours orders. On Thursday, TrashLab said it raised $12 million to build more agents like it. The money funds agents for dispatch, billing, and collections that would move more of a hauler's office work onto software. "Since going live TrashLab has allowed us to gro
Mexico destroys 52 tons of avocados after pest discovery raises export concerns Mexican avocado producers have destroyed up to 52 tons of fruit after authorities detected a destructive agricultural pest in shipments intended for international export to the U.S. and other destinations. The seed weevil pest raises concerns about potential disruptions to U.S.-Mexico avocado trade, which generates an estimated $641.5 million in cross-border transportation and warehousing activit
Ocean line sale expands Europe logistics reach for US shippers Spain's Boluda Shipping has agreed to acquire Samskip in a deal aimed at building a broader European short-sea and inland freight network , potentially giving U.S. businesses more integrated options for moving cargo beyond Europe's major ports. The transaction is expected to close Jan. 1, 2027, subject to regulatory approvals and other closing conditions. The companies will operate independently
Boeing secures lessor order for 767 passenger-to-freighter conversion Boeing will convert a 767-300 passenger jet into a freighter for Icelease, which also took options for up to two more conversions, as the leasing company continues to grow its freighter portfolio, the companies announced on Monday. The first aircraft is scheduled to take its production slot in the first quarter of 2027, with delivery of the converted aircraft expected in the second quarter. Boein
Strike at busiest US port just days away as talks continue The Pacific Maritime Association and International Longshore and Warehouse Union Local 26 have signed a contract extension through 5 p.m. Pacific Time on Wednesday, Nov. 4, temporarily postponing a potential work stoppage at the ports of Los Angeles and Long Beach while negotiations continue. The two sides will continue bargaining with assistance from the Federal Mediation and Conciliation Servic
Flexport volumes up 40% as headcount grows only 5% Flexport's freight volumes are up 40% from a year ago while its headcount has grown 5%, founder and CEO Ryan Petersen told FreightWaves. He credits the gap to artificial intelligence tools the company now runs across customs, routing and its own engineering teams. The AI has a limit in customs, the most regulated part of Flexport's business. There, an AI-generated tariff code still has to pass a
AIT Worldwide snaps up Australian forwarder involved in Big tech buildout AIT Worldwide Logistics announced late Sunday night it has acquired Australian freight forwarder Connor Anderson International, giving the fast-growing Chicago-based freight forwarder a significant foothold in the Oceania market and the ability to capitalize on the boom in data center construction there. Connor Anderson manages air, ocean and road transportation, customs clearance and project car
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