Op-Ed: Fifth Circuit shapes offshore contract jurisprudence Whether offshore energy contracts are maritime or non-maritime has long generated complex, multiparty disputes over indemnity and additional insured obligations, particularly because state anti-indemnity statutes may apply to non-maritime contracts pursuant to
Master Boat Builders begins T-ATS module fabrication for U.S. Navy Master Boat Builders Inc., Coden, Ala., has begun module fabrication for the U.S. Navy's Navajo-class Towing, Salvage and Rescue Ship (T-ATS) program under its partnership with Austal USA, marking a production milestone
AYK Energy's Aries+S system picked for world's first battery-hybrid self-unloader The world's first battery-hybrid self-unloader, recently named M/V Nampu in a ceremony at China's Jiangjiang Nanyang Shipyard, features an AYK Energy Aries+S battery system, with a capacity of 6,758 kWh. As we
Woolpert and Chance Maritime in uncrewed hydrographic survey first Dayton, Ohio-based Woolpert, an engineering consultancy specializing in geospatial mapping and data services, is conducting its first fully uncrewed offshore hydrographic survey mission for NOAA. It is deploying uncrewed survey vessels designed
Tidewater reports strong first quarter results Houston-headquartered offshore services giant Tidewater Inc. (NYSE:TDW) today reported results for the quarter ended March 31, 2026 that President and CEO Quintin Kneen said "exceeded our expectations across all key financial and
Corps, partners advance Chicago waterway restoration The Chicago Engineer District has taken a critical step toward large-scale ecosystem restoration of the Chicago Area Waterways System (CAWS) by completing a Federal Interest Determination (FID) report for the Chicago Area
Northstar Marine starts construction of new 600-ton heavy lift derrick barge Clermont, N.J.-based Northstar Marine Inc. has started construction of a new heavy lift twin boom derrick barge capable of lifts up to 600 tons. The vessel, to be named the Northstar 600,
Georgia Ports conference highlights supply chain predictability The Georgia Ports Authority convened its 57th annual Georgia International Trade Conference, bringing together customers, business partners and industry leaders to examine the latest developments in maritime logistics and supply chain strategy. The central themes of the event were supply chain predictability and cost efficiency, reflecting the priorities of shippers operating in an increasingly c
Hapag-Lloyd announces rate increase to North America Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) for shipments from the Indian Subcontinent, Pakistan and the Middle East to North America. The increase will apply to cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment. It will be effective for all containers gated in full from June 1, 2026, and will remain in p
Kalmar Q1 2026: Sales growth continues despite Services segment pressure Kalmar Corporation reported steady sales growth and improved profitability in the first quarter of 2026, although performance was weighed down by continued headwinds in its Services segment. Sales and profitability rise, orders decline Kalmar posted 5% growth in sales to EUR 420 million , supported by strength across both Equipment and Services segments. Key highlights: Orders received: EUR 451 m
South Korea reviews role in Strait of Hormuz South Korea is reassessing its potential participation in US-led operations in the Strait of Hormuz following a maritime incident involving one of its cargo vessels, according to a report by Al Arabiya . An explosion and subsequent fire were reported on Monday aboard the HMM Namu, a South Korean-operated cargo ship sailing under the Panama flag, in the strategically critical waterway. The strait
ICTSI delivers increased first quarter 2026 International Container Terminal Services reported robust unaudited financial results for the first quarter of 2026, with revenue from port operations reaching US$ 961.11 million, a 29% increase from US$ 745.42 million in the same period of 2025. EBITDA grew 26% to US$ 617.87 million, while net income attributable to equity holders rose 23% to US$ 293.57 million. Excluding a non-recurring charge
Hitting the insurance policy: Iran's campaign against the UAE The Fujairah strike reveals a systematic Iranian strategy to destroy the UAE's role as a trade corridor pivot before that role can become permanent
Israel approves dry ports to ease congestion and strengthen supply chains The Israeli government has approved a proposal from the Israeli Ministry of Transport to develop national dry ports, authorizing the Israel Ports Company (IPC) to begin planning and implementation, as PORT2PORT reported. The initiative aims to reduce congestion at seaports and strengthen supply chain resilience by shifting logistics activities inland. Inland logistics shift gains momentum Under t
DSV reports solid Q1 2026 results driven by Schenker integration DSV reported a solid first quarter performance for 2026, with earnings growth supported by the ongoing integration of DB Schenker despite challenging market conditions. The company posted EBIT before special items of DKK 4,855 million , up from DKK 3,860 million a year earlier, reflecting strong operational performance and acquisition-driven growth. Growth driven by Schenker acquisition DSV said
CMA CGM enhances Japan-US service with EX1 maiden call at Kobe CMA CGM Group has launched its enhanced Eagle Express 1 (EX1) service with a maiden call at the Port of Kobe , strengthening connections between Japan and the U.S. West Coast. The first call was made by the 15,000 TEU container vessel PRESIDENT LB JOHNSON , marking the rollout of an upgraded service designed to deliver faster transit times and improved reliability for shippers. Expanded Japan cov
Strait of Hormuz tensions escalate as US-Iran truce falters The fragile ceasefire in the Middle East is under growing strain as the United States and Iran intensify their confrontation over control of the Strait of Hormuz , as Al Arabiya English reported, and according to Reuters . Naval clashes and "Project Freedom" According to Reuters, the U.S. military said it destroyed six Iranian small boats, along with cruise missiles and drones, as part of an oper
Explainer: Freedom of navigation or freedom to escort? Project Freedom marks a new phase in the Hormuz standoff not a reopening, but a rival governance claim over the world's most consequential chokepoint
Matson reports Q1 2026 financial results Matson Inc. reported net income of $56.6 million, or $1.85 per diluted share, for the Q1 2026 ended March 31, 2026, compared with $72.3 million, or $2.18 per diluted share, in the same period of 2025. Consolidated revenue for the quarter reached $757.8 million, against $782.0 million in the first quarter of the previous year. Consolidated operating income stood at $61.4 million, compared with $82
Port of Tilbury hosts major hydrogen showcase The Port of Tilbury, GeoPura and Toyota hosted a hydrogen showcase on April 30, 2026 at the London International Cruise Terminal in Tilbury, attracting over 100 delegates from industry, technology and policy. The centrepiece of the event was the arrival of Energy Observer, the world's first self-sufficient hydrogen-powered vessel and floating renewable energy laboratory, which moored at the port
Explainer: Both sides now manage the gate Iran's phased concession and Washington's 'Project Freedom' reveal a convergence toward dual-administered access reshaping the Strait of Hormuz from a geographic chokepoint into a governed transit corridor
Port of Gulfport secures federal grant for defence and intermodal infrastructure The Port of Gulfport has been awarded US$ 11.25 million through the US Department of Transportation Maritime Administration's 2025 Port Infrastructure Development Program, forming part of a US$ 24.5 million project to strengthen the port's national defence role, expand intermodal and container capacity and improve infrastructure resilience across the Gulf Coast supply chain. The total project cos
Two box ships collided in Chittagong: construction of deep-sea port begins Bangladesh Sunday began construction of Matarbari deep-sea port formally in Cox's Bazar district. As part of the works, dredging begun on the day to lift 250 million cubic-foot of soil to fill up the project area for construction of a 460-meter long container jetty and a 300-meter long multipurpose jetty
CMES orders eight container ships China Merchants Energy Shipping (CMES) is moving ahead with a significant fleet expansion, placing an order for eight container vessels with its affiliated shipbuilder, China Merchants Industry Group , pending shareholder approval, according to DynaLiners. The order includes four 1,800 TEU container ships and four larger 8,200 TEU units equipped with scrubbers and designed to be methanol-ready, r
Diana Shipping launches $4.2bn bid for Genco as board rejects offer as undervalued Diana Shipping Inc. has launched a $4.2 billion tender offer to acquire all outstanding shares of Genco Shipping & Trading , setting the stage for a high-stakes takeover battle in the dry bulk sector. The offer values Genco at $23.50 per share in cash and is scheduled to expire on 2 June 2026 , unless extended. Diana takes bid directly to shareholders Diana said it is bypassing Genco's board afte
Port of Gothenburg reports declined performance The Port of Gothenburg handled 234,000 TEUs in the first quarter of 2026, a 3% decline compared to the same period last year. The reduction is attributable entirely to a fall in empty container movements, while the volume of loaded containers increased, reflecting improved logistics efficiency and a strengthening import base. The port's import-export balance has now approached a 50-50 split, redu
Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia 2026 conference programme highlights an industry actively reshaping itself in response to geopolitical disruption and structural change. This year's programme, set to begin weeks ahead of the exhibition itself, reflects a shipping industry navigating one of its most complex operating envi
Konecranes partners with Toyota Material Handling in Southern California Konecranes has appointed Toyota Material Handling Solutions as its new distributor in Southern California, strengthening its presence in one of the busiest logistics hubs in the United States. The agreement focuses on the Los Angeles-Long Beach corridor, a key gateway for global trade. Expanding reach in a key logistics market Toyota Material Handling Solutions brings more than 50 years of exper
IMO MEPC 84 advances global shipping emissions plan The 84th session of the International Maritime Organization Marine Environment Protection Committee (MEPC) ended with renewed momentum toward a global agreement on shipping emissions. Meeting in London from 27 April to 1 May, the committee agreed to rebuild consensus on greenhouse gas (GHG) reduction measures , while advancing a wide range of environmental regulations. Emissions talks regain mome
Valenciaport and Port of Long Beach launch sustainability collaboration framework The Port Authority of Valencia has hosted an institutional delegation from the Port of Long Beach for a working meeting focused on sustainability, decarbonisation and the development of green corridors. The visit provided a platform for both ports to exchange strategic experiences and identify concrete avenues for cooperation in advancing more efficient and environmentally responsible port operat
CMA CGM looks inland with UAE logistics push alongside AD Ports France's CMA CGM Group is pushing further inland in the Gulf, signing a cooperation deal with AD Ports Group to extend its reach beyond the quay at Khalifa port. The liner major, alongside CMA Terminals Khalifa port, has agreed to work with AD Ports to anchor cargo flows across a growing network of rail-linked inland ...
Damen moves into West Africa with Dakar yard tie-up Damen Shipyards has started operations at a key West African repair base after forming a joint venture with the Senegalese government to run facilities in Dakar. The Dutch group has partnered with Société des Infrastructures de Réparation Navale (SIRN) to operate Damen Shiprepair Dakar, marking its latest move to expand support services in regions tied ...
Bruton locks first VLCC charter Oslo-listed tanker newcomer Bruton has fixed its first VLCC on a long-term deal ahead of delivery. The Tor Olav Trøim-backed company said the 300,000 dwt Mount Vision, due for delivery from China in the first half of July 2026, has been placed on a 3+1+1 year charter with an international trading house. The deal kicks ...
AYK batteries power first hybrid self-unloading bulker Battery systems are starting to find their way into heavier shipping segments, with bulk carriers now entering the mix. Marine battery maker AYK Energy has secured a deal to supply its Aries+S system for what is being billed as the world's first battery-powered self-unloading bulk carrier, marking a step forward for hybridisation in bulk trades. ...
Cargill's James Lewis takes helm of Sea Cargo Charter The Sea Cargo Charter has named James Lewis, global head of operations at Cargill, as its new chair, following its annual meeting in Geneva. The appointment comes as the group of charterers and shipowners looks to tighten its role in tracking and reporting emissions across global shipping trades, at a time when regulatory progress at ...
IPG Shipping launches Australian operations with first vessel IPG Shipping has kicked off its Australian operations after its first chartered vessel, the Nomadic Milde, berthed at the Port of Rockhampton, marking the formal start of its regional shipping push in Central Queensland. The 12,900 dwt geared multipurpose vessel, built in 2011, is the first asset deployed under IPG's wider logistics build-out, which is ...
DOF wins Asia Pacific contract Norwegian owner DOF has won a substantial subsea commissioning support contract in the APAC region valued between $25m and $50m. The company said it will deploy its construction support vessel Skandi Inventor for offshore operations in North Australian waters starting in the second quarter of 2027. The campaign is expected to run 120-180 days and ...
Aker Solutions scores Equinor FEED contract Norway's Aker Solutions has landed a FEED contract from compatriot Equinor to prepare the Kvitebjørn platform to receive production from the Atlantis subsea tie-in project. Work starts immediately, with an option to provide EPCIc support expected to be taken up in early 2027. Atlantis is a gas-condensate discovery in the northern North Sea, about 35 ...
TGS lines up Norwegian North Sea survey TGS is moving ahead with another multi-client seismic campaign in the Norwegian North Sea, launching a new 3D streamer survey in the Åsta Graben area as exploration activity in the region continues to hold up despite a more selective upstream market. The Oslo-based data provider said the project will expand its existing coverage in the ...
Reederei Nord moves into capesize league with Wuhu newbuild order Germany's Reederei Nord is stepping into the large bulker segment with an order for up to four newcastlemax vessels at Wuhu Shipyard. The Hamburg-based owner has contracted two firm 211,000 dwt newbuilds, with options for two more, according to multiple brokers. Deliveries are slated for 2028 and 2029; however, financial details have not been disclosed. ...
Valaris racks up jackup work as backlog climbs Offshore driller Valaris has secured a string of new contracts and extensions for its jackup fleet, strengthening utilisation across key regions and lifting its backlog. The headline award saw the 400-ft jackup Valaris 115 secure a two-year extension with Brunei Shell Petroleum. The work is due to begin in April 2027, directly following the current ...
US protection plan fails to calm Hormuz nerves Twenty-four hours into the Trump administration's Project Freedom operation to guide stranded vessels out of the Persian Gulf, shipowners remain deeply cautious - and Iran's actions on the ground are doing little to encourage confidence. On the very day US forces began the operation on Monday, Iran launched a wide-ranging missile and drone attack across ...
Viking Supply Ships CEO to step down Swedish offshore vessel owner Viking Supply Ships is set for a leadership change after chief executive Trond Myklebust resigned at his own request, bringing an end to nearly a decade in the role. The Nasdaq Stockholm-listed company confirmed that Myklebust will remain in position until August 1, 2026, while the board begins the process of ...
MISC enters FSRU market with Samsung Heavy newbuild for Petronas Malaysia's MISC has moved into the floating regasification space, lining up a newbuild FSRU at Samsung Heavy Industries to serve a long-term contract with Petronas Gas. The Bursa Malaysia-listed owner confirmed it had accepted a letter of award from Petronas Gas for the supply, operation and maintenance of an FSRU under a 20-year agreement, with ...
'It's the end of the world as we know it': Geneva Dry tackles AI upheaval Speakers took to the stage at last week's Geneva Dry's AI, Digitalisation and the Dry Bulk Workforce session to the strains of REM's It's The End Of The World As We Know It - a song choice that moderator Cynthia Worley of Sedna described as carefully selected. "Whether you think it's the prize or the ...
Solstad CSV lined up for multi-year Reach Subsea campaign Norway's Solstad Maritime has lined up its construction support vessel Normand Jarstein for a multi-year subsea campaign after entering into a letter of intent with compatriot Reach Subsea covering work in the Mediterranean and Black Sea. The agreement includes a firm two-year period with an option for a further year, subject to the final contract. ...
Posidonia opens as Greek shipping embarks on historic fleet renewal With Posidonia's conference programme starting tomorrow - more than three weeks before the exhibition gets underway - the world's top shipyards are getting ready to market their newbuild offerings to Europe's largest shipowning nation, which is in the midst of a historic fleet rejuvenation. Data from Xclusiv Shipbrokers shows Greek newbuilding activity hit a record ...
Grounded MSC boxship to be cut up and hauled ashore in Newfoundland salvage plan Authorities in Newfoundland and Labrador have agreed on a final plan to remove the wreck of the MSC Baltic III, with contractors set to dismantle the vessel in sections and haul it ashore for recycling. The operation will see the grounded containership cut into manageable blocks before being pulled onto land, a method chosen to ...
'Incessant' fight for market share pushes box sector towards overcapacity with record 13m teu on order The containership orderbook has reached a record high of 13m teu, according to consultancy Linerlytica which is warning of looming overcapacity. Ships on order are now greater than the combined extant fleets of Maersk, CMA CGM and COSCO. The orderbook ratio at 38.3% is at highs not seen since the global financial crisis nearly 20 ...
Shipping's rare moment in the spotlight is slipping The Maritime Attention Index shows that public interest in the shipping industry is fading from the highs early in the US-Israel war on Iran, writes Dustin Eno, a crisis communications consultant. US president Donald Trump's announcement on March 3 that US armed forces would "guide" vessels out of the Strait of Hormuz in an operation ...
Atlantic basin product tanker rates still lofty but falling fast There's a recency bias: when spot rates are half what they were a few weeks ago, adjectives like 'plummet' come...
Shipping unconvinced by US 'Project Freedom' as Hormuz remains closed Shipowners and insurers report the US-led 'Project Freedom' has not provided sufficient clarity or credible protection to justify resuming transits...
Shrinking Hormuz flows reflect deepening regional tensions Transit volumes through the Strait of Hormuz continue to drop amid escalating security concerns, with weekly figures from Lloyd's List...
Did anything happen at MEPC last week? Lloyd's List senior reporter Declan Bush joins the podcast to explain what did and did not happen at last week's...
NorthStandard report highlights Ecdis competence shortcomings P&I club findings 'distil issues that need attention', argues marine mutual
Hormuz crisis hurting crew morale, Mission to Seafarers warns Heightened stress and fear even beyond war zone
The Week in Charts: US container rates add to gains as European market pulls back | Red Sea tanker transits surpass pre-Houthi crisis levels Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Trio of shipowners order next-generation VLGCs as ammonia-capable fleet expansion continues Newbuilding contracts reflect industry shift towards dual-purpose vessels able to transport both LPG and ammonia because of expectations of growing...
DFDS warns oil price surge may hit transport demand as it reports stronger 1Q26 earnings Copenhagen-headquartered company cautioned that rising oil prices due to Middle East tensions could dampen European transport demand
Middle East port update: Tuesday, May 5 In Qatar, the Ministry of Transport announces the full return of maritime navigation activities all day long for all types...
Pakistan facilitates return of Iranian crew but Project Freedom reignites tensions Pakistan referred to the return as a 'confidence-building measure' by the US as talks with Iran continue. However, tensions have...
Shippers banked record discounts via intermodal in Q1: ISI But the window to lock in those savings over long-haul trucking will shrink because railroads eventually will increase their spot and contract pricing, too.
Autos, data centers boosting US Midwest freight: U.S. Bank The Midwest outperformed other US regions in the latest U.S. Bank Freight Index, with freight volumes up 9.5% year over year and shipper spending jumping 26.7%.
Shippeo acquires software provider to link data to decision-making The acquisition of German logistics software company Logward continues a trend of visibility vendors extending beyond data provision to areas like transportation management, booking and allocation.
Cosco Shipping, CU Lines expand fleets with 20 new container ships Cosco's transaction is a charter deal with New York-listed, Greece-based Costamare Inc. for 16 container ships - a dozen 9,300-TEU vessels and four 3,100-TEU ships.
Air freight supply-demand factors adjust to war-disrupted market Global cargo capacity has largely recovered to pre-shock levels, while international routes have yet to be seriously affected by jet fuel shortages, according to Xeneta.
Savannah to fund its own study on readying port for big ships The Georgia Ports Authority will fund and initiate its own study for dredging and widening its ship channel and harbor as the US Army Corps of Engineers may lack the funds in 2027.
Resilience, relationships still trump technology in project cargo US shippers of oversized cargo are being buoyed by positivity and strong demand in the Americas, but are struggling with capacity challenges and the uncertain geopolitical backdrop.
Structural demand shifts pulverizing US forest exports A long-term decline in US forest product production is being accelerated by the increasing use of composite materials that require less wood and trade policy complications abroad.
Maersk unit says US-flag car carrier escapes Hormuz under US escort Hoegh Autoliners-owned ship had been trapped since February
Plenty of US mariners to go around even as wholesale changes still necessary, MARAD chief says 'If you do not build the system, you will live inside someone else's system,' maritime administrator Stephen Carmel says
Leonhardt & Blumberg lands rare five-year charter with Spanish operator Marguisa Deal underlines tonnage scarcity pushing charterers into longer commitment
Cargill steps back in as Sea Cargo Charter names new chair Charter provides a voluntary global framework for making greener chartering decisions
Scorpio nearly doubles first-quarter day rates in Strait of Hormuz boom New York-listed clean product owner crushes analyst estimates in robust start to 2026
MISC books FSRU order at Samsung Heavy Industries Rare and speedy contract inked for Petronas project giving shipowner first taste of floating regasification business
Rising tide of oil exports from Venezuela lifts crude tankers Brokers and analysts consider what is needed to keep barrels flowing via the mainstream tanker fleet
Alternative fuel confidence returning to some sectors, DNV says But uptake 'will not be linear', according to classification society
Sweden arrests Chinese master of detained tanker The 46,000-dwt Jin Hui was detained on suspicion of flying a false flag while transiting Swedish waters
Container ship orderbook swells to record high as carriers battle for market share Oversupply in 2028 is 'the reality', say analysts, as orderbook hits 13m teu
Trapped, terrorised and running low on food and water: Gulf seafarers in despair Seafarers tell of fear from falling drones and fighter jets as supplies run low
Scorpio Tankers nearly doubles first-quarter day rates in Strait of Hormuz boom New York-listed clean product owner crushes analyst estimates in robust start to 2026
'Decade of disruption' transforms shipping's tonne-mile picture, Clarksons says Research shows growth in distance travelled comfortably beating volume expansion since 2020
European shipping lobby warns over slow fleet growth Growth in alternative-fuel vessels highlights need for global rule book and EU investment in fuels, ECSA argues
Emarat Maritime doubles VLAC newbuilding order at Hengli Heavy Industry The Dubai-based company is scheduled to take delivery of two vessels in 2027 and two in 2028
'We got our ships out': How Folk Maritime is beating the Gulf disruption Chief executive Poul Hestbaek says a break from linear thinking allowed Folk Maritime to adapt faster than rivals as Middle East tensions closed in
Petros Panagiotidis company exits tankers with $7m gain from product carrier sale Robin Energy offloads 20-year-old ship for $12.8m
Syria playing high-stakes game as Russian tanker shipments dominate imports Business with Putin regime could bring US sanctions danger
New setback for jailed ex-boss of Fesco Tycoon Ziyavudin Magomedov says he was prosecuted so Moscow could seize his assets
QatarEnergy pushes out more LNG carriers for charter as Gulf lockdown rolls on LNG marketing arm starts offering its long-term fixed vessels for multi-month deals
Eight-year-old tanker sold for more than the price of a Chinese newbuilding Brokers say Southern Reverence is the second N2 Tankers pool vessel to fetch a high price in the hot market
Columbia Shipmanagement puts out then pulls call for LNG and LPG crew to transit Strait of Hormuz Romanian branch of ship manager said advert is 'no longer valid'
First new Bruton VLCC fixed for up to five years as period rates cool Tor Olav Troim company says Mount Vision will initially earn $95,000 per day
Eight-year-old tanker sold for more than the price tag of a Chinese newbuilding Brokers say Southern Reverence is the second N2 Tankers pool vessel fetching a high price in the hot market
Torm cashes in after flipping tanker bought from Jebsen and Hayfin venture Chinese buyer linked to LR2 vessel acquired in 2023
Shipowner Maxwell inks newbuildings as Chinese yard branches out into tankers Singapore owner contracts two small bunker vessels at Hunan Xiangchuan in China
Stricken MSC boxship to be pulled apart and brought ashore The MSC Baltic III has been stuck off Canada since February 2025
Paschalis Diamantidis strikes for UOG tanker as fleet swells to 20 vessels The Athens-based firm has acquired four similar carriers this year
Hoegh Autoliners cut to 'sell' ahead of earnings as DNB sees 'challenging' quarters Analyst sees 'unfavourable risk/reward' given current valuation
HMM says fire is out on ship hit by suspected Iranian missile Newly-built HMM Namu will be towed to Dubai, says South Korean liner company
Maersk container ship collides with smaller feeder vessel in Bangladesh A full investigation into the cause of the collision will be conducted soon, says Maersk
Cruise hantavirus outbreak: Dutch authorities to medevac sick crew members All other crew and passengers on board the stricken Hondius are to sail on to an as-yet undetermined destination
Sinopec Clean Energy makes LNG bunkering push with newbuilding order Chinese energy trading giant orders one 12,000-cbm LNG ship at Nantong CIMC SOE
South Korean shipbuilder Hanwha Ocean wins order for three VLACs Market sources believe Eyal Ofer's Zodiac Maritime is behind the order
Fire on multi-purpose ship reportedly hit by Iranian missile is out, says HMM Newly-built HMM Namu will be towed to Dubai, says South Korean liner company
First look: GXO Logistics posts Q1 double-digit revenue growth GXO Logistics kicked off 2026 with strong top-line growth and improved profitability, as demand for outsourced logistics and automation-driven warehousing continued to accelerate. The company reported first quarter revenue of $3.3 billion, up 10.8% year over year, after the market closed on Tuesday. CEO Patrick Kelleher said GXO is seeing momentum build across its commercial pipeline, which reach
$4 million cargo theft recovery shows what enforcement can do In a recent case out of the Los Angeles County Sheriff's Department , investigators recovered nearly $4 million in stolen cargo tied to multiple companies, according to NBC Los Angeles . One arrest was made following a search warrant in Vernon, California. That outcome is not common. In most cargo theft cases, once the load is gone, it moves fast. Freight is split, resold, or pushed through secon
Amazon opening of shipping services could shake up intermodal status quo Amazon has opened its freight, distribution, fulfillment, and parcel shipping service to other businesses in a move that analysts say could help boost domestic intermodal volume while shaking up the major intermodal players. Amazon (NASDAQ: AMZN ) on Monday announced the launch of Amazon Supply Chain Services (ASCS), which offers services that were originally developed to power the retail giant's
Super Dispatch: Diesel price volatility strains auto transport margins As global energy markets brace for supply chain disruptions caused by the war in Iran, the auto transport industry is grappling with a rapid surge in diesel costs that is fundamentally reshaping the economics of moving vehicles. Super Dispatch, an end-to-end software platform for the auto transport industry, has released new data from its Fuel and Transport Cost Tracker detailing the impact of ri
Strength in the air and weakness in ocean mark Expeditors' strong 1Q Expeditors International did well in the air in the first quarter, but not as well on the open seas. In a quarterly earnings report that was overall strong, the difference in shipments as measured by weight was stark. Airfreight tonnage in kilos at Expeditors (NYSE: EXPD) rose 7% in January, 7% in February and 3% in March, for an overall gain of 5% compared to the corresponding quarter of 2025. T
Qatar Airways to resume cargo service to Baghdad Qatar Airways' cargo division said it will resume freighter and passenger belly operations to Baghdad, Iraq, this week. The cargo carrier will reintroduce a weekly Boeing 777 freighter service to the Iraqi capital from Doha on May 7. Qatar Airways will operate twice weekly passenger flights to Baghdad, starting May 10. The flights will also carry cargo. With the resumption of passenger and freigh
Unionized DHL Express workers in US approve 4-year contract DHL Express delivery and warehouse workers, represented by the Teamsters in 16 states, have ratified a new four-year contract by a 92% percent margin, the union announced on Tuesday. Negotiators for DHL ( XETRA: DHL ) and the Teamsters reached a tentative collective bargaining agreement on March 29 under threat of a strike. The previous contract expired on March 31. The new national master agreem
Marad's Yi jumps ship as new ports trade group CEO The American Association of Port Authorities (AAPA) Board of Directors has appointed Sang Yi as president and chief executive , effective May 4. Yi, a naval reserve officer who holds a merchant mariner's license, most recently served as deputy administrator of the U.S. Department of Transportation's Maritime Administration (MARAD). Yi served in various staff positions in the U.S. House of Represe
MODE Global bets on Puebla to unlock Mexico freight growth MODE Global has opened its first office in Mexico, planting a flag in Puebla as the Chattanooga-based logistics provider looks to tighten control over cross-border freight flows and expand deeper into the country's domestic shipping market. The new corporately owned office and transportation yard is designed to handle over-the-road, intermodal, air and ocean shipments while supporting both cross-
Freight capacity plummets, prices skyrocket in April Supply chain managers reported a very tight freight market during April, noting extreme declines in capacity with corresponding surges in transportation rates. The Logistics Managers' Index-a diffusion index in which a reading above 50 indicates expansion, while one below 50 signals contraction-returned a 28.4 reading for transportation capacity in April. That was 10.9 percentage points lower tha
Big drop in benchmark diesel occurring as warnings grow of tougher conditions to come The sharp reversal in the benchmark price of diesel this week is being accompanied by growing warnings of a potential coming crisis in supplies that so far has been mostly avoided through the use of inventories. The Department of Energy/Energy Information Administration weekly average retail diesel price surged 28.9 cents/gallon to $5.64/g. With this increase, the price used as the basis for most
Tradepoint Atlantic, MSC break ground on Baltimore container terminal Construction of a new container terminal has officially begun on the site of a former steel mill developers hope will spur a change in mid-Atlantic intermodal shipping. Tradepoint Atlantic and Terminal Investment Ltd. broke ground on the Sparrows Point Container Terminal, a 168-acre marine box hub and on-dock rail facility. The partners say the project is the first U.S. container terminal in deca
Freight costs spike in Q1 as diesel tops $5: U.S. Bank index Shipper spending jumped sharply in the first quarter of 2026 as tightening truckload capacity and a spike in diesel prices pushed freight costs higher. According to the latest U.S. Bank Freight Payment Index even as shipper spending rose in the first quarter, shipment volumes remained relatively flat dipping 0.3% quarter over quarter. "This is a market being reshaped by supply, not demand," said
Amazon expands same-day grocery delivery to businesses Businesses that are Amazon Prime members can now get free same-day delivery on grocery orders over $25 in most areas, matching the level of convenience made available to consumers last year, the retail titan announced on Tuesday. Grocery delivery is a big business by itself, but it's also important for Amazon ( NASDAQ: AMZN ) as a driver of online merchandise purchases that are delivered through
Valid carrier authorities are being used in cargo theft schemes Investigators across the transportation sector are seeing a growing number of cargo theft incidents tied to motor carrier authorities that have quietly changed hands through social media groups, online forums and marketplace listings. In several cases, authorities that once belonged to legitimate trucking companies are now being used by unknown operators to obtain freight. There is often no clear
Tire tech emerges as hidden lever for fleet efficiency in North America Smart tire technology is quickly becoming a critical tool for fleets across North America as carriers look for new ways to cut fuel costs, extend equipment life and improve uptime. Executives at Continental Tire say the shift reflects a broader transformation in how fleets manage one of their most overlooked cost centers: tires. "This is really a hot topic these days, especially considering what'
What 21,000 foreign trucks on American highways looks like There are 21,748 Canadian and Mexican-domiciled motor carriers registered with FMCSA to operate in the United States. Most of them are legitimate freight operators moving international cargo across borders that the American economy depends on. The Laredo Gateway handles more than $300 billion in annual trade. The supply chain connecting American manufacturing to Mexican maquiladoras and Canadian
Maersk ro-ro first U.S.-flag ship to safely clear Strait of Hormuz A Maersk vessel became the first U.S-flag ship to exit the Strait of Hormuz as American naval forces ensured the ro-ro carrier's safe departure after months in the Persian Gulf. Maersk confirmed the Alliance Fairfax was one of two U.S.-flag ships to transit the strait on Monday. The other ship has not yet been identified. The voyage comes at a fraught time in the Iran conflict as the U.S. and Ira
Card provider WEX reaches deal with activist investor; CEO Smith to stay The proxy battle at payments company and fuel card provider WEX is over, with the company bringing on board members backed by investor activist Impactive Capital. CEO Melissa Smith will stay in her role, according to a statement released by WEX (NYSE: WEX). But she will no longer be board chair. Smith also will stay on the board and also continue to be president. While Impactful pushed for the ad
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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