Markey Machine: New ownership and new leadership Seattle-based marine winch and deck machinery manufacturer Markey Machine reports that ithas completed an ownership and leadership transition, positioning the nearly 120-year-old company for its next chapter. Eric Rose, who joined the
REV partners with Siem Car Carriers on U.S. Northeast LNG bunkering Victor, N.Y.- headquartered alternative fuel supply specialist REV LNG and Siem Car Carriers have announced a partnership covering the supply of LNG to Siem's ships in the U.S. Northeast, starting at the
Revolution Wind in full commercial operation In its latest interim report, Ørsted notes that it has completed the installation of the remaining wind turbines at the 704 MW Revolution Wind offshore wind farm and that last month the
LDA acquires three newbuild PSVs for conversion to cable layers France's LD Armateurs (LDA) has reached a new milestone in the development of its subsea cable activities. It has acquired three platform supply vessels (PSVs) that will be converted into cable-laying vessels
Jacobsen Pilot Service to deploy America's first e-foiling pilot boat Belfast, Northern Ireland-headquartered Artemis Technologies reports that Jacobsen Pilot Service, the exclusive pilotage provider for the Port of Long Beach, Calif. has purchased an Artemis EF-12 Pilot vessel. The vessel will be
Everllence and Babcock ink MoU on Arrowhead frigate Everllence and Babcock International Group have signed a memorandum of understanding (MoU) to explore a strategic partnership to strengthen the delivery and future development of Babcock's Arrowhead frigate platform.. The two companies
Ingalls contracts ESG to construct six LPD 32 structural units As HII continues to implement its distributed shipbuilding strategy, Panama City, Fla., based Eastern Shipbuilding Group, Inc. (ESG) reports that it has been selected by HII's Ingalls Shipbuilding division to construct key
Why Evergreen's Suez return matters for container supply Evergreen's first transits add little tonnage. Their importance lies in what they bring closer: the release of millions of TEU into a market already bracing for a wave of new ships
SFL reports higher quarterly profit as charter backlog reaches US$5 billion SFL Corporation reported net income of US$37.4 million for the third quarter of 2026, while its fixed-rate charter backlog reached approximately US$5 billion. Operating revenue remained broadly stable at US$201.6 million, compared with US$200.8 million in the second quarter. Net income increased from US$33.8 million, while earnings per share rose from US$0.25 to US$0.26. The shipowner generated a
Explainer: How Africa's ports are diverging The same investors and the same Cape rerouting are reshaping both seaboards. West Africa is competing on efficiency, East Africa on geopolitics
ClassNK endorses CYTUR shipboard cybersecurity management platform ClassNK has granted its Innovation Endorsement for Products & Solutions to CYTUR-SBOM, a cybersecurity management platform developed by CYTUR for shipboard computer-based systems. The platform allows shipping companies to centrally manage information about onboard hardware, software, firmware and system configurations. It also helps operators identify known cybersecurity vulnerabilities and monit
India joins ISF Verify initiative for digital seafarer certification India has joined the ISF Verify initiative, marking a significant step towards the wider adoption of digital seafarer certification across the global shipping industry. The agreement brings together India's Directorate General of Maritime Administration (DGMA), the International Chamber of Shipping (ICS) and Lloyd's Register OneOcean (LROO). India supplies approximately 312,000 seafarers, making
Navios Partners triples quarterly profit and expands boxship backlog Navios Maritime Partners reported a sharp rise in third-quarter earnings as the shipowner expanded its containership orderbook and secured additional long-term charter revenue. The company generated revenue of US$432 million during the third quarter of 2026, up 24.5% from US$346.9 million in the same period last year. Net income more than tripled to US$185.7 million from US$56.3 million. Adjusted
Matson raises outlook as China volumes climb 16% Matson reported stronger third-quarter results and raised its full-year outlook, supported by higher volumes and freight rates on its China services. The US carrier generated consolidated revenue of US$1.11 billion during the third quarter of 2026. This represents an increase of 26.5% from US$880.1 million in the same period last year. Net income rose to US$209.4 million from US$134.7 million, wh
DHL Global Forwarding revenue jumps as ocean freight volumes rise DHL Group reported higher revenue and operating profit in the third quarter of 2026, supported by growth in international freight forwarding, express deliveries and contract logistics. Group revenue increased by 12.6% to €22.7 billion, compared with €20.1 billion in the same period last year. Operating profit (EBIT) rose by 16.2% to €1.7 billion, while the EBIT margin improved to 7.6% from 7.3%.
ID Logistics and Terra Robotics plan humanoid robot pilot in Germany ID Logistics has partnered with Terra Robotics to explore the use of humanoid robots in warehouse operations, with plans to launch its first pilot under real operating conditions in Germany within six months. The strategic partnership, which took effect on 1 November 2026, follows initial tests involving two humanoid robots at facilities in Griesheim and Löhne. The companies aim to identify tasks
Hapag-Lloyd unveils standalone AMX and ASX services linking Asia and Latin America Hapag-Lloyd has announced two standalone container shipping services connecting Asia with Latin America, as the German carrier prepares to expand its network in 2027. The new AMX and ASX services will provide connections to Mexico and the East Coast of South America, respectively. Both will operate independently under Hapag-Lloyd's network. According to the carrier, the changes aim to improve reg
StormGeo and CCS launch digital link for maritime emissions verification StormGeo has partnered with China Classification Society (CCS) to improve the digital exchange and verification of maritime emissions data, strengthening its presence in China's shipping market. The agreement allows shipping companies using StormGeo's s-Insight platform to share validated emissions data directly with CCS through an application programming interface (API). As a result, customers c
A paperwork detention in the Arctic, and why shipping should care Norwegian inspectors boarded a Chinese-owned heavy-lift ship and found that it had no valid flag registration and lacked the required certificates, so they detained it until further notice. High North News reports that the ship was using a false Guatemalan flag
PIL orders seven methanol-ready feeder containerships in China Pacific International Lines (PIL) has ordered seven new methanol-ready feeder containerships from Huanghai Shipbuilding in China, as part of its fleet renewal and expansion programme. Each vessel will have a capacity of 1,400 TEU, bringing the combined capacity of the order to 9,800 TEU. Deliveries are scheduled between 2029 and 2030. The new ships will strengthen PIL's regional shipping network,
Maersk raises 2026 guidance as Ocean earnings surge in third quarter Maersk has raised its full-year 2026 earnings guidance following a strong third quarter, driven by higher ocean freight rates and continued supply chain disruptions that limited available shipping capacity. The Danish shipping group reported revenue of US$18.1 billion, up 27% from US$14.2 billion in the same period last year. EBITDA increased to US$4.7 billion from US$2.7 billion, while EBIT rose
ZIM's ZX3 enters a Transpacific premium race already shaped by speed and landside access ZIM's planned ZX3 service between China and Los Angeles adds another competitor to the premium Transpacific market. But the significance of the launch extends beyond the advertised 12-day crossing from Shanghai. It places ZIM in competition with carriers that have already built expedited shipping products around terminal operations, chassis availability and faster access to inland transport. The
JAXPORT secures US$40 million for Blount Island berth upgrade The Jacksonville Port Authority (JAXPORT) has secured a US$40 million federal grant to modernise Berth 32 at the Blount Island Marine Terminal. The funding was awarded through the US Maritime Administration's Port Infrastructure Development Program (PIDP). The project will rebuild approximately 900 feet of the berth. It will also increase its load-bearing capacity and upgrade infrastructure suppo
Chile maintains environmental approval for San Antonio Outer Port Chile's Committee of Ministers has maintained the favourable environmental approval for the US$4 billion San Antonio Outer Port project. The committee reviewed administrative appeals against the project during its twelfth session under the government of President José Antonio Kast. The authorities partially accepted some of the claims relating to the port development. However, the project's favou
Expeditors revenue jumps 42% as ocean volumes grow Expeditors International reported strong third-quarter results, supported by higher ocean and airfreight volumes and continued demand for customs and logistics services. Revenue increased by 42% year on year to US$4.1 billion. Operating income rose by 55% to US$445 million, while net earnings attributable to shareholders climbed by 55% to US$345 million. Diluted earnings per share reached US$2.65
Why carriers and ports are investing in terminals, inland links and smaller ships For most of the container age, shipping's investment decisions rested on a simple assumption: the shortest route would stay open. That assumption has gone
Carrier emissions intensity varies by up to 35% on major routes Container carriers operating on the same trade lane can record emissions-intensity differences of up to 35%, according to VesselBot' s latest analysis. The report examined 83,817 voyages performed by 6,730 container-carrying vessels during the third quarter of 2026. It assessed sailing patterns, vessel deployment, cargo utilisation and time spent at sea and in port. Across the carriers compared o
Brazilian builds boat from rubbish to collect more rubbish A former Brazilian ocean canoeing champion has taken recycling to a floating extreme, constructing a boat from 230 discarded plastic containers so he can collect even more rubbish from the sea. Marcos Arnhold spent two months building the unusual craft in Guaratuba, southern Brazil, using 125 two-litre plastic bottles, 105 five-litre disinfectant containers and a ...
Dominguez gets nod for second term at IMO helm Arsenio Dominguez is set to remain at the helm of the International Maritime Organization (IMO) until the end of 2031 after the UN shipping agency's Council backed his appointment for another four-year term. The 40-member Council endorsed the Panamanian's extension during its 138th session in London, with the decision still requiring formal approval from the ...
Woodside to cut more than 500 jobs in $400m savings drive Australian energy giant Woodside is planning to cut more than 500 jobs worldwide as part of a restructuring programme aimed at delivering $400m in annual cost savings from 2028. The workforce reduction, equivalent to more than 10% of the company's employees at the end of 2025, forms part of a broader effort to streamline operations, ...
Deutsche Windtechnik lands maintenance deal at Germany's first offshore wind farm German offshore wind services specialist Deutsche Windtechnik has secured a comprehensive maintenance contract from Ocean Breeze Energy covering all 12 turbines at the Alpha Ventus offshore wind farm in the North Sea. The contract will begin in January 2027 and covers turbine servicing, maintenance, troubleshooting and associated technical support. From September 2027, the scope will ...
Aker Solutions bags engineering deal for Qatar oilfield redevelopment Norwegian offshore engineering group Aker Solutions has received a letter of award from Vietnam's PTSC Mechanical & Construction for work on QatarEnergy's Maydan Mahzam oilfield redevelopment project. The contract covers detailed engineering for three major topsides, four jackets and modifications required to connect new facilities with existing offshore infrastructure. Aker Solutions describes t
HEA Energy snaps up Subsea7's six-ship heavy transport business Abu Dhabi-based HEA Energy has struck a deal to acquire Subsea7's heavy transportation business, adding a six-vessel operation to its growing offshore fleet. The transaction will see Subsea7's offshore renewables arm Seaway7 divest a business comprising five owned and one chartered open-deck semi-submersible heavy transport vessels. The fleet includes Seaway Eagle, Seaway Falcon, Seaway Hawk, ...
Finland jails captain and crew member over Baltic cable sabotage A Finnish court has sentenced the captain and a crew member of the general cargo ship Fitburg to prison for deliberately damaging two subsea telecommunications cables in the Gulf of Finland on New Year's Eve last year. Helsinki District Court handed Russian captain Andrei Maksimenko a three-and-a-half-year prison sentence, while Azerbaijani bosun Vusal Majidov received ...
Seacon snaps up fresh tanker in $19.6m deal Hong Kong-listed Seacon Shipping has struck a $19.6m deal for a newly built oil and chemical tanker, adding to its fleet amid reports of a four-vessel MR tanker disposal. The Qingdao-based owner's Singapore subsidiary has agreed to acquire the 4,981 gt Jia Yue Ming Zhu, which was built in October this year and will be ...
Vattenfall signs final agreements for 1.8GW Danish offshore wind projects Swedish energy group Vattenfall has signed final agreements with the Danish Energy Agency for two offshore wind developments with a combined capacity of at least 1.8GW. The agreements cover the 800 MW Hesselø project in the Kattegat and the 1 GW Holmsland development in the North Sea, both expected to become operational in 2032. Holmsland ...
BP raises over $1bn from Aker BP stake sale British energy major BP has raised about $1.06bn by selling part of its stake in Norwegian oil and gas producer Aker BP as it continues efforts to strengthen its balance sheet. The company sold 31.6m shares, representing around 5% of Aker BP's total issued share capital, for NOK311 per share. The transaction generated gross proceeds ...
Navios adds $215m tanker trio to newbuild pipeline Angeliki Frangou's Navios Maritime Partners has revealed another $215.2m in tanker newbuilding acquisitions, adding a VLCC and two MR product carriers to its expanding fleet investment programme. The New York-listed Greek owner disclosed the three-vessel package in its third-quarter results, confirming a $124m agreement for a scrubber-fitted VLCC reached in October and a $91.2m deal ...
Odfjell locks in two more tanker newbuilds for 2029 Norwegian chemical tanker owner Odfjell has lined up another two 40,000 dwt stainless steel newbuildings in Japan, extending its fleet renewal programme with additional long-term charter commitments. The Bergen-based company disclosed the agreements in its third-quarter report, confirming that the vessels will be built at Kitanihon Shipbuilding and are scheduled to enter its fleet on ...
Fugro wins survey contract at UK offshore wind project Dutch geo-data specialist Fugro has secured a contract from Danish offshore wind contractor Cadeler to carry out post-installation seabed surveys at the 960MW East Anglia Two offshore wind farm in the UK North Sea. The work, scheduled to begin in early 2027, will cover all 64 monopile foundation locations at the project being developed by ...
Klaveness Combination Carriers clinches record-rate three-year tanker charter Norwegian shipowner Klaveness Combination Carriers (KCC) has secured a three-year time charter for one of its Cleanbu combination carriers, locking in a new contract as product tanker earnings remain exceptionally strong. The Oslo-listed company said the charter starts immediately and carries a front-loaded rate structure, with the highest earnings in the first year followed by ...
Maersk upgrades profit outlook despite underperforming rivals Maersk has raised its full-year earnings guidance for the third time this year, with the Danish shipping giant continuing to benefit from extraordinary freight rates, resilient cargo demand and widespread supply chain disruption. The Copenhagen-headquartered group now expects underlying EBITDA of between $14bn and $14.5bn for 2026, up from its previous forecast of $10.5bn to ...
EU court hands Russian Maritime Register partial sanctions victory Russia's state-owned ship classification society has secured a partial legal victory against European Union sanctions, with judges overturning a decision to permanently withdraw its recognition while upholding the majority of restrictions against it. The EU's General Court ruled yesterday that the withdrawal of recognition from the Russian Maritime Register of Shipping (RMRS) was disproportionate
Evergreen's Suez return leaves Zim increasingly isolated The container shipping industry's long detour around southern Africa is rapidly coming to an end, with Taiwan's Evergreen preparing to send its first ships through the Suez Canal after almost three years of avoiding the Red Sea. According to liner consultancy Linerlytica, Evergreen will deploy the 16,556 teu Ever Eon and Ever Edit through Suez ...
K Line doubles investment firepower with $8bn five-year plan Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has unveiled a sweeping five-year investment programme worth approximately $8bn, more than doubling its previous spending commitments as it pushes into new maritime and energy businesses. The Tokyo-listed owner announced plans yesterday to invest ¥1.25trn between fiscal 2027 and 2031, covering both on- and off-balance-sheet commitments, compa
US sanctions Indian couple behind fake flag empire serving Iran's shadow fleet Washington has sanctioned an India-based husband-and-wife operation accused of running a sprawling network of fake ship registries supplying flags and certificates to tankers moving Iranian oil. The US Treasury named Suniel Kumar Sharma and Jaspreet Preeti Shahid, based in Chandigarh, alongside 11 associated individuals and entities in the latest stage of Operation Economic Outcast, its ...
PIL lines up former PSA executive as next CEO Singapore's Pacific International Lines (PIL) has named former PSA International executive Wan Chee Foong as its next chief executive, with the veteran ports and logistics manager set to succeed Lars Kastrup in April 2027. Wan took up the deputy CEO position on October 5 following a board-led succession process announced in September. He is spending ...
DOF extends another Petrobras PLSV deal into 2028 Norwegian offshore vessel owner DOF has secured another long-term contract extension with Petrobras in Brazil. The company said that the pipelay support vessel (PLSV) Skandi Olinda has been awarded a 304-day extension following negotiations with the Brazilian state-controlled oil and gas giant. The contract, previously scheduled to expire in April 2027, will now run through ...
Equinor shuts North Sea platform after fire Norwegian energy giant Equinor has shut down production at its Visund oil and gas platform in the North Sea following a fire in an electrical switchboard room. The incident occurred shortly before 11 am local time on Wednesday, with reports of smoke followed by flames in a room containing equipment used to control and distribute ...
UK moves to end new North Sea oil and gas exploration licences The UK government has introduced legislation that would end new oil and gas exploration licences in the North Sea while creating a mechanism to support continued production from existing offshore developments. The Energy Independence Bill would remove the North Sea Transition Authority's power to issue new licences for exploring previously unlicensed oil and gas fields. ...
Brazil approves Saipem-Subsea 7 merger on condition of vessel sale Brazil's competition watchdog CADE has given conditional approval to the proposed merger between Italian offshore engineering giant Saipem and Norway's Subsea 7, requiring the companies to sell a specialised pipelay vessel to address competition concerns. The Brazilian regulator approved the combination, which will create Saipem7, after the companies agreed to divest the Seven Borealis, a ...
Newbuild orders pile up, boxships return to Suez. No problem, says Maersk Shipping executives have a habit of talking their book, but Maersk has openly discussed downside as recently as February. For...
The Daily View: Undermine the IMO and shipping will miss it when it's gone
Seafarer killed as tanker attack underscores widening Middle East Gulf threat A seafarer has lost their life after a Greek-operated product tanker was struck by projectiles inside the Middle East Gulf...
Fitburg captain and boatswain jailed over Baltic cable damage A Finnish court has jailed two senior Fitburg crew members after finding they knowingly allowed the ship to drag its...
Venergy Maritime lifts VLCC orderbook to four Vyron Vasileiadis tanker company exercises brace of options at Hengli
IMO leadership challenge leaves Dominguez wounded despite securing second term A closed-door attempt to block Arsenio Dominguez's second term exposed deep divisions within the IMO's ruling council, with the US...
Two P&I clubs unveil 2027 pricing plans Eighth year of rate hikes expected, and watch for big jump in GXL
Alleged architect of Iran shadow fleet fake flag network denies US claims Washington says Suniel Kumar Sharma built a web of fraudulent registries providing false flags to sanctioned Iranian vessels, but the...
Russian reflagging frees shadow fleet tankers to return to scrutinised European routes Tankers previously constrained by fraudulent flags are returning to the English Channel, Baltic and Mediterranean after switching to Russia, showing...
Brazil iron ore supply squeeze clouds capesize demand outlook Falling shipments from smaller Brazilian producers risk eroding freight support from stronger China-bound volumes
Maersk lifts guidance again as disruption keeps rates high Danish group now expects underlying ebit of $8bn-8.5bn after third-quarter Ocean profit rose to $2.6bn on 96% utilisation, but...
Insurance costs still a shipowner concern despite current boom, argues Willis' Abraham Brokers and underwriters gearing up for 1/1 hull renewals
A rare glimpse inside the high-risk, high-reward Hormuz trade The witness statement of Mercuria freight trader Renaud Hauspy in the case of Mercuria v Baltic Exchange, now at trial in...
Daily Briefing 'Risotto Group' seeks compromise route through IMO net zero deadlock | A rare glimpse inside the high-risk, high-reward Hormuz trade...
Bangladesh apparel factory disruptions threaten carrier volume targets With fresh export shipments in a state of flux amid widespread protests, carrier executives in Bangladesh reported limited container bookings and gate-ins for loading in the last few days.
New data shows results of US' ongoing crackdown on illegal trucking That comes as questions could arise in the new Congress about the role of immigration policy in the widespread move on illegal trucking as enforcement sweeps continue.
Maersk raises earnings guidance for third time on freight rates, strong Q4 outlook And CEO Vincent Clerc indicated the current high-rate environment bodes well for 2027 contract renewals, especially on the Asia-Europe trade.
Early Lunar New Year set to drive up December ocean demand on Asia-Europe China's most important holiday begins on Feb. 6, 11 days earlier than this year, which will prompt exporters to lock in bookings sooner and push up rates, analysts and forwarders say.
Strike deadline at LA-LB ports delayed again through midnight Friday The fresh extension came after the Pacific Maritime Association and ILWU Local 26 failed to reach a new deal after negotiating late into Wednesday evening.
Pangaea Logistics slashes financing costs and reports another profit Rhode Island shipowner and operator reports record adjusted net income as strength in niche Arctic ice trade meshes with general market rally
Microcap shipping companies brace for Nasdaq market cap minimums Securities and Exchange Commission keeps a hold on proposal after concerns
Chinese bank asks judge to throw out Houthi ship attack claim Lawyers say alleged claims over sprawling, multinational conspiracy masterminded by China is far-fetched
Six ways the 'blue wave' that rocked Washington could affect shipping From wars in Iran and Ukraine to port fees and shipbuilding support, Democrats will have more sway - but Trump will still have power
Excelerate Energy anticipates doubling LNG volumes from its Caribbean project CEO declares himself 'ecstatic' at newest development for company which will boost LNG bunker supply in region
Birthday bonus: International Seaways celebrates 10 years in style Seaways aims to keep its 'hustle' after a decade of building a top tanker company
One VLCC cargo split across six aframaxes? Tanker players master 'deflection and obfuscation' Rates remain at incredible levels, but have come off October highs
TMV Logistics forges partnership with Waterline to connect US and South Korean maritime tech South Korean asset management firm prepares investment in TMV maritime venture capital fund
EU court backs ban on state-owned Russian Maritime Register Court of Justice upholds bulk of measures following Russian appeal
US calls on Iran to identify mine locations in Strait of Hormuz Two countries spar at International Maritime Organization debate on freedom of navigation
US sanctions alleged false-flag kingpin for a 'web of maritime fraud' Suniel Kumar Sharma, his wife and three companies in his network blacklisted
'Peak of inflated expectations': What happened to Trump's US maritime dream? This week's Streetwise takes a look at the midterm grades for a restoration of America's maritime sector: they are not pretty
Klaveness Combination Carriers fixes Cleanbu on three-year time charter Owner completes time-charter employment programme, with remaining six Cleanbus operating as combination carriers
Dorian LPG posts record profit on markets and ship sales Fraught geopolitics are playing into the hands of major VLGC owner, whose profit is nearly as big as its revenue
Hong Kong shipowner more than doubles bulker fleet this year The latest two additions continue an active period for the company
International Seaways matches record $5.05 per share dividend Overall spot rates for fleet have ticked down in past three weeks to massively profitable levels
D'Amico International Shipping profit up as clean tankers turn dirty Product tanker specialist says LR2s are being drawn into lucrative aframax trades
Russian master and Azeri crew member jailed over subsea sabotage Captain and seafarer from Fitburg receive prison terms after New Year's Eve raid
Greek owner Venergy doubles VLCC orderbook at Hengli Piraeus-based Venergy Maritime has four VLCCs under construction at giant Chinese shipbuilder
Hassan Elali's HEA buys Siem-backed Subsea7's heavylift fleet Third deal this year for Abu Dhabi-based operation as it gains Middle East monopoly
Marinakis IPO shows German shipping a route back to retail investors Capital Maritime Finance's successful listing suggests that retail investors have not abandoned shipping altogether
New West African shipowner boss targets six-vessel acquisition spree Cameroonian group wants its own fleet of vessels for coastal services
Clarksons clinches breakthrough biomethanol broking deal in US UK broker muscles into low-carbon trade involving Demeter Energy's new plant
Atle Brynestad renews fleet with order for cruise ship in China Seadream III will join two vessels built in the 1980s
LD Armateurs pounces on trio of resales for cable-laying conversion French owner buys PSVs due in 2027
George Procopiou clinches fifth lucrative suezmax sale to Middle East Mid-aged crude carriers continue fetching higher prices than newbuildings
Small ship insurer sidesteps premium rise for 2027 Shipowners' Club says strong capital reserves means that it will shoulder rising costs
Iran strikes up to three tankers in new Strait of Hormuz attacks Tehran maintains its hard line towards Washington even after Trump admits mid-term election defeat
Ravi Mehrotra's Foresight kicks off $1.2bn newbuilding drive with VLAC quartet Veteran shipowner returns to yards for first time in 10 years with eyes set on 25-ship fleet by 2034
Panos Efthimiadis company orders tankers as older ships flipped Greek owner linked to fleet renewal at Cosco yard in China
Seacon snaps up new product tanker after reported sale of quartet Owner reveals purchase of vessel delivered last month
AP Moller-Maersk expected to upgrade guidance after strong third quarter Ratings kept at sell and hold as fleet growth weakens long-term outlook
Norwegian Shipowners push for global rules to speed up green transition Shipping needs regulation to boost new fuels, CEO says
Evalend-managed tanker involved in fatal Russian drone attack collides with rescue tugboat Turkish towage vessel damaged in incident off Romania
AP Moller-Maersk hikes forecast as profit rises in third quarter Liner sees full-year Ebitda of $14bn to $14.5bn
AP Moller-Maersk upgrades guidance as profit rises in third quarter Liner sees Ebitda of $14bn to $14.5bn for 2026
Odfjell beats expectations as new ships lift third-quarter earnings Fleet growth offsets softer spot rates for chemical tanker owner
IMO chief Arsenio Dominguez secures mandate for second four-year term Secretary general declares he has 'unfinished business', with decarbonisation top of the list
Klaveness Combination Carriers fixes Cleanbu vessel on 3-year time charter KCC completes time charter employment program with remaining six Cleanbu vessels operating as combination carriers
PIL orders seven methanol-ready feeder container ships at Huanghai Singapore's flagship liner company commits to newbuildings for intra-Asia and Pacific islands trades
Arrest looms as cash-strapped Villa Vie cruise ship heads for Singapore Creditors take control of Villa Vie's Odyssey after fuel and cash ran out in Cambodia
TS Lines splashes $246m on large container ships as it expands beyond intra-Asia trades Liner company raises orderbook to 17 vessels
Chinese ship financiers question old valuation rules as fuel uncertainty deepens BOC Financial Leasing executive suggests rethinking how lenders calculate vessels' future worth
Excelerate Energy advances Bahamas LNG Hub with supply deal Company rejigs FSRUs to avoid Strait of Hormuz transits
Teamsters say they've organized Amazon employees in Indiana; company demurs The Teamsters are claiming victory for a group of "W-2" drivers at an Amazon facility in Indiana who sought representation by the union. But as with the entire Amazon-Teamsters relationship, it's complicated. In its prepared statement announcing the "march" on the company to demand it bargain for a contract, the Teamsters said it had unionized Transportation Operations Management (TOM) workers at
Mexico cargo thieves shift tactics as Q3 truck parking thefts surge Cargo thieves in Mexico are increasingly targeting parked trucks, shifting operations toward the country's industrial heartland and exploiting nighttime security vulnerabilities. "Now, in Mexico, you can't move loads without a plan," Luis Enrique Villatoro, president of the Mexico-based National Association of Vehicle Tracking and Protection Companies (ANERPV). Supply chain risk management compan
Conrail tabs Wright as president and chief operating officer Conrail has named John Wright its new president and chief operating officer, bringing aboard a freight rail veteran with decades of operating and executive experience. Wright most recently served as general manager of Indiana Harbor Belt Railroad, a 600-employee switching and belt-line railroad based in Hammond, Ind. John Wright He succeeds Brian Gorton, who retired from the carrier headquartered
A Super El Niño Is About To Test Which Freight Enterprises Plan For Impact And Which Only React For most enterprises the first sign of a winter storm is still a broad, countrywide warning, the kind that tells a leadership team something is coming but says nothing about which lanes will fail, which distribution centers sit in the path, or which customer commitments are about to slip, and in a season shaping up to be one of the most extreme on record, that gap between a warning and a decision
STB orders Union Pacific to make alleged rate hike threat video public The Surface Transportation Board has ordered Union Pacific to make public a recording of Chief Executive Jim Vena's remarks to a shipper conference, rejecting the railroad's appeal in a dispute over whether he threatened customers who oppose its proposed acquisition of Norfolk Southern (NYSE: NSC ). The board's Nov. 4 decision leaves in place a ruling requiring the recording to lose its confident
Behind The Capitol Christmas Tree Is A Kenworth, Four Drivers, And A 2,000 Mile Haul Only Trucking Can Pull Off Every December a towering evergreen rises on the West Lawn of the U.S. Capitol and gets called the People's Tree, but before a child from its home state flips the switch to light it, the tree has to survive something most of the public never stops to consider, a journey of more than 2,000 miles from a remote national forest to the middle of Washington, and that journey is not a parade or a postca
Harbinger raises $240M to expand EV platform beyond trucks Harbinger raised $240 million in Series D funding to push its electric vehicle platform into energy storage, power generation, autonomy, and defense while it ramps production for a 2,000-truck order from FedEx . Tiger Global, Capricorn's Technology Impact Fund, and Ridgeline co-led the round, the Garden Grove, California, company said Thursday. The FedEx order, valued at more than $300 million, i
Humble Robotics raises $51M for cabless hauler pilots Humble Robotics raised a $51 million Series A on Thursday to move its cabless, electric Humble Hauler into customer pilots on port drayage and warehouse runs. Obvious Ventures led the round, with participation from existing investors Eclipse and Energy Impact Partners. The raise brings the San Francisco startup's total funding to $75 million, about six months after it emerged from stealth with a
Americold raises full-year outlook as warehouse performance improves Americold Realty Trust raised its full-year earnings outlook Thursday after reporting higher third-quarter revenue and improved warehouse margins, while a one-time gain from its joint venture with EQT drove a sharp swing to profit. The temperature-controlled logistics company (NYSE: COLD ) based in Atlanta reported net income of $683.4 million, or $2.38 per diluted share, for the quarter ended Se
US Army enlists FedEx to modernize logistics at depots FedEx Corp. has made clear that its future lies with premium B2B logistics services in key industrial verticals that require precision execution, such as automotive, healthcare, aerospace and data centers - not cheap last-mile delivery for online retailers. Add the defense sector to the list of industries the freight transportation giant is targeting for high-margin growth opportunities. In Augus
Port strike delayed again at Los Angeles, Long Beach ports A potential strike by port watchmen at Los Angeles and Long Beach has been delayed again after the Pacific Maritime Association and International Longshore and Warehouse Union Local 26 agreed to extend their contract through midnight Pacific Time on Friday. Negotiations will continue Friday with assistance from federal mediators. The latest extension follows an earlier agreement that pushed a pot
Buying Trucks in a Buyer's Market: What Owner-Operators Are Weighing Right Now The scramble is over. Carriers and owner-operators who spent the past few years chasing build slots, paying inflated prices for used units and taking whatever iron they could find are now facing a different problem: plenty of options and very little margin for a bad decision. Lead times have stabilized, used pricing has found a floor and freight rates are rewarding only the operators who keep cos
Maersk raises profit outlook as earnings surge, but shares slide on expectations miss A.P. Moller-Maersk raised its full-year earnings forecast on Thursday after higher freight rates drove a sharp increase in third-quarter profit, but its shares fell as the results and upgraded outlook disappointed investors. The stock dropped as much as 11.6% in Copenhagen trading. The Danish shipping and logistics group (OTC: AMKBY ) reported quarterly earnings before interest, taxes, depreciati
33,000 truckers sidelined over violations as highway blitzes hit Arkansas, Virginia Federal trucking regulators are expanding Operation Highway Shield enforcement efforts across the United States, with new inspections in Virginia uncovering 100 safety violations. As of Nov. 4, the U.S. Department of Transportation reports that 33,000 commercial drivers have been placed out of service nationwide for failing English-language proficiency requirements . The Federal Motor Carrier Saf
Transportation committee in House set for overhaul post-election The massive Democratic Party win on Election Day will have implications for government rules and regulations on trucking, including the so-called highway bill , driven in part by changes in the lineups of who will sit on Congress' transportation-focused committees. There are several members of the House Transportation & Infrastructure (T&I) committee who won't be around next year, including commi
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