Wärtsilä 34DF engines picked to power new CMA CGM containership series Wärtsilä is to supply a total of 36 Wärtsilä 34DF dual fuel engines for 12 new 18,000 TEU container vessels being built for French operator CMA CGM at the Jiangnan Shipyard in
HD Hyundai delivers world's first "lashing-free" containership South Korea's HD Hyundai says that it has delivered the world's first "lashing-free" containership, introducing a new concept that eliminates the need for workers to manually secure containers on board. HD Hyundai
FERRIES 2026: Small and mid-sized shipyards drive ferry growth Small and mid-sized shipyards play an outsized role in keeping U.S. ferry fleets moving-and at Marine Log's FERRIES 2026 conference, taking place November 10-11 in Seattle, a panel of industry leaders will
Océane King is new head of DNV's Miami Cruise Center DNV has appointed Océane King head of its Miami Cruise Center, the classification society's dedicated hub for the North American cruise market. King is returning to DNV after seven years at Royal
Maritime community to gather for Oyster Fest 2026 in NYC The Propeller Club of New York and New Jersey will host Oyster Fest on Wednesday, October 21, 2026, bringing together maritime professionals from across the New York/New Jersey Harbor for an evening
MacGregor to equip four more Skywalker-class CSOVs Helsinki-based MacGregor has won an order from Nantong Rainbow Offshore & Engineering Equipment Co., Ltd to equip four Commissioning Service Operation Vessels (CSOVs) with three-dimensional motion-compensated cranes and Horizon gangway systems. The
YK Energy lands Kongsberg Maritime electric tug deal Rapidly expanding battery manufacturer AYK Energy has announced further growth in the workboat industry after striking its latest deal with Kongsberg Maritime to supply batteries for four new fully electric Svitzer TRAnsverse
Incat Crowther partners with HII to support build of Romulus USVs Incat Crowther is celebrating the news that HII (NYSE: HII) is one of the three shipyards awarded U.S. Navy contracts to build ten vessels each for the Medium Unmanned Surface Vessel (MUSV)
MacGregor wins equipment order for four new CSOVs MacGregor has secured an order to supply motion-compensated cranes and gangway systems for four new Commissioning Service Operation Vessels (CSOVs). The vessels are being built by Nantong Rainbow Offshore & Engineering Equipment for IWS Fleet, a subsidiary of Integrated Wind Solutions. The order has been booked in MacGregor's fourth-quarter 2026 order intake. The four CSOVs are scheduled for deli
C.H. Robinson to acquire RXO in US$5.8 billion deal C.H. Robinson has entered into a definitive agreement to acquire RXO in a stock-and-cash transaction valued at approximately US$5.8 billion, bringing together two major players in the North American third-party logistics market. The transaction would create a combined company with an enterprise value of more than US$25 billion. It will combine C.H. Robinson's global multimodal network with RXO's
Maersk sets no-load policy for Australia and New Zealand Maersk will introduce a no-load policy for export cargo from Australia and New Zealand, requiring customers to complete their shipping documentation before vessel planning. The Maersk no-load policy will have a soft launch on 2 November 2026. Full enforcement will begin on 30 November 2026 for eligible shipments loaded from that date. How the Maersk no-load policy will work Exporters must submit
Nord Gas Solutions wins equipment order for two additional VLECs Nord Gas Solutions has secured a new order from Samsung Heavy Industries (SHI) for two additional Very Large Ethane Gas Carriers (VLECs). The company will supply cargo handling and fuel gas supply systems for the vessels. SHI will build the two VLECs at its shipyard in South Korea for an established Asian joint venture. The latest order follows an earlier contract covering five VLECs . As a resul
Flanders, Netherlands and North Rhine-Westphalia strengthen ARRRA port cooperation The prime ministers and ministers of Flanders, the Netherlands and North Rhine-Westphalia convened in Meise, Belgium on October 5 for the Port Summit, meeting with port CEOs within the Antwerp-Rotterdam-Rhine-Ruhr Area cluster to discuss strengthening the region's competitiveness. The agreements reached have been formalised in a final declaration, with the three governments also bringing the outc
LNG Tank commissioned at Gate Terminal in Maasvlakte The construction and commissioning of a fourth LNG storage tank at Gate Terminal on Maasvlakte has been completed, adding 180,000 cubic metres of storage capacity to the joint venture between Gasunie and Vopak. The expansion brings Gate's total throughput capacity to 20 billion cubic metres per year, equivalent to two-thirds of the total Dutch gas market, and increases the terminal's ability to r
ABP invites public consultation on onshore wind turbine at port of Ipswich Associated British Ports is inviting the public to attend consultation events on plans to install a single onshore wind turbine at the Port of Ipswich. The proposed turbine would generate renewable electricity for port operations, reduce energy costs and support the decarbonisation of port activities, contributing to ABP's broader sustainability ambitions while supporting the long-term competitiv
Why a single attack redraws the Black Sea map? The loss of the Royad Mammadov shows that the threat to merchant shipping has reached NATO's coastal waters and that shipping and port investment will reorganise around a new safety line. What makes the incident significant is not the ship but the place: it sank inside Romania's exclusive economic zone, on a route that shipping companies had treated for years as the safer way out of Ukraine. This
Maersk sets South America to North America PSS Maersk will introduce a Peak Season Surcharge on dry container shipments from the East Coast of South America to the United States and Canada. The South America to North America PSS will take effect from a Price Calculation Date of 5 November 2026. South America to North America PSS rates Origin Destination Container type Rate Brazil, Paraguay, Uruguay and Argentina United States and Canada All 2
WWII bombs found during Thessaloniki port expansion works Around 1,000 suspected World War II-era bombs have reportedly been identified on the seabed at the Port of Thessaloniki, creating a new challenge for the ongoing expansion of Pier 6. The findings were made following magnetic surveys carried out in the area of the major infrastructure project. According to local reports, around 80 of the objects identified weigh more than 50 kilograms. The unexplo
Drones strike two merchant ships in Bulgaria's Black Sea EEZ, one sinks Two merchant ships were struck by drones in Bulgaria's exclusive economic zone (EEZ) in the Black Sea on Tuesday, 6 October, leaving one vessel sunk and triggering a major search and rescue operation. The incident involved the Togo-flagged general cargo vessel ALFA WATAN and the Palau-flagged general cargo vessel ABLE, according to Bulgarian authorities and maritime security reports. The attacks
Hapag-Lloyd completes first SIMOPS biomethanol bunkering in Busan Hapag-Lloyd has completed its first simultaneous operations (SIMOPS) bunkering of ISCC EU-certified biomethanol, marking another step in the container carrier's transition towards alternative marine fuels. The biomethanol, supplied by Goldwind, was bunkered to the Seaspan Amazon in Busan, South Korea. According to Hapag-Lloyd, the operation was carried out while other vessel and port activities c
Wan Hai completes Musang King durian shipment Wan Hai Lines has completed a commercial Musang King durian shipment by sea using controlled-atmosphere reefer technology. The shipment involved Malaysian tree-ripened durians, which traditionally move by air freight or in frozen form because of their short shelf life. Musang King durian shipment tests ocean transport Wan Hai used controlled-atmosphere containers to regulate oxygen and carbon dio
Panama Canal extends long-term slot program to Panamax locks The Panama Canal will extend its Long-Term Slot Allocation (LoTSA) program to the Panamax locks for the first time, giving customers more options to secure transit capacity in advance. The new phase will cover the period from 3 January to 3 April 2027. It will include the existing LoTSA Neopanamax program and a new pilot program for vessels using the Panamax locks. The Canal said the program aims
German port union accepts wage offer, indefinite strikes averted Germany's ver.di trade union has accepted the latest wage offer for seaport workers, averting the immediate threat of indefinite strike action at the country's major ports. Ver.di's Federal Collective Bargaining Commission approved the employers' proposal following consultations over the long-running wage dispute. The decision means indefinite strikes at Hamburg, Bremen, Bremerhaven, Emden, Brake
Volume without normalcy: The new map of Gulf operations Exports are back above pre-war levels, Riyadh is repricing East and West, and Iraq is sailing its own tankers. None of it means the Hormuz crisis is over. At first glance, the latest tanker data look like the end of the Hormuz crisis. This content is locked Select a CN Premium Subscription Package To Unlock The Content! The post appeared first on Container News .
Containership charter rates strengthen as mid-sized tonnage leads gains Containership charter rates strengthened in August, with several smaller and mid-sized vessel segments recording higher assessments compared with both July and the same period last year. According to the September 2026 edition of DynaLiners Monthly, New ConTex assessments increased month on month across all eight vessel categories covered by the index. However, the year-on-year picture remained m
APM Terminals Aarhus and Port of Aalborg launch new rail service APM Terminals Aarhus and the Port of Aalborg have launched a new weekly rail service connecting the two Danish ports. The new connection gives companies in Northern Jutland direct rail access to Denmark's largest container terminal in Aarhus. From there, cargo can connect with international shipping networks. The service also provides an alternative to the existing direct feeder connection betwee
Explainer: Container shipping is sharing the risk in NSR Container ships on the Northern Sea Route now travel with a sanctioned tanker fleet, and Europe's ports will decide what that means. This content is locked Select a CN Premium Subscription Package To Unlock The Content! The post appeared first on Container News .
YILPORT to invest €100 million in Leixões container terminal expansion YILPORT will invest €100 million to expand and modernise the North Container Terminal at the Port of Leixões in Portugal. The investment plan was presented during Porto Maritime Week by the Port of Leixões and YILPORT Iberia. According to the port authority, the project will increase container handling capacity and improve operating conditions at the terminal. The investment will also support gre
Peel Ports appoints Nigel Kent to lead project cargo business Peel Ports Group has appointed Nigel Kent as its first Head of Project Cargo, bringing the management of project cargo activities across its UK port network under a single team. Kent, whose official title is Head of Group Strategic Projects (Project Cargo), will provide customers with one point of contact across the group's ports. Previously, project cargo was managed separately at individual loc
Port of Melbourne launch rail-enabled pathway at Appleton dock Port of Melbourne, in partnership with Qube, Australian Amalgamated Terminals and the Victorian Government, has activated a new rail-enabled export pathway for critical minerals at Appleton Dock, marking a significant step in building Victoria's critical minerals industry to support renewable energy, advanced manufacturing and emerging technologies. The first rail shipment was loaded onto a vesse
Hapag-Lloyd raises Constanta terminal handling charges Hapag-Lloyd will increase its Constanta terminal handling charges for shipments moving to and from the Romanian port. The revised Terminal Handling Charge Origin (THO) and Terminal Handling Charge Destination (THD) levels will apply from 1 November 2026 and remain valid until further notice. The same rates will apply at both origin and destination. Updated Constanta terminal handling charges Equi
Shipping rewinds the future Rather than forecasting from today, backcasting starts with possible futures and works backwards - an approach gaining traction as shipping's long-term bets become harder to call. Splash's Europe Editor Bojan Lepic explains. Shipping has never been short on forecasts. Fleet growth, trade demand, freight rates, fuel choices, and asset values are all projected years ahead, ...
ShipGod AI: Why every vessel needs its own digital memory After four decades at sea and ashore, Bing Hou has reached a simple conclusion about shipmanagement: too much of what keeps vessels safe still depends on paper, spreadsheets and what individual seafarers happen to remember. The 56-year-old master mariner, founder of ShipGod AI, spends 25 years with China Yangtze Shipping, rising from deck cadet to ...
Bunker prices jump by three-quarters since Iran war began The cost of fuelling ships has risen by roughly three-quarters since the US-Iran war erupted on February 28. In Singapore, the world's largest bunkering hub, VLSFO was assessed by ENGINE at $509 per tonne on February 27, the final trading day before the war began, while high-sulphur fuel oil stood at $432 per tonne. By ...
Global Ship Lease takes newbuild orderbook to 17 New York-listed containership owner Global Ship Lease (GSL) has exercised options for another two newbuildings, taking the George Youroukos-led company's orderbook to 17 ships. The two midsize, ultra-high-reefer, wide-beam vessels are priced at about $163m in total and are scheduled for delivery in the fourth quarter of 2029. Unlike the first 15 ships in GSL's ...
Taylor Maritime reaches last ship in $1bn disposal run London-listed Taylor Maritime has moved its wind-down to the final vessel, completing the sale of three handysize bulkers while chief executive Ed Buttery builds up a private dry bulk position through his T3 Holding vehicle. The company said on Tuesday that the three previously announced handysize disposals have closed, generating gross proceeds of about $48.6m. ...
SFL enters ammonia carrier market with twin newbuild order John Fredriksen-backed SFL Corporation has ordered a pair of 93,000 cbm very large ammonia carriers. The vessels will carry a wide range of petrochemical gases and feature dual-fuel propulsion and the latest technology for fuel efficiency and cargo intake optimisation. Delivery is scheduled for the second quarter of 2028, and aggregate yard construction costs are ...
ADNOC L&S lines up three more VLGCs for $324m Abu Dhabi-listed ADNOC Logistics & Services is investing AED1.19bn ($324m) in three 90,000 cu m VLGC newbuildings as it continues one of shipping's more aggressive fleet expansion programmes. The three ships are scheduled for delivery in the second half of 2029 and have already been secured on seven-year contracts with ADNOC Global Trading. The yard ...
Exmar confirms lucrative suezmax resale Belgium's Exmar has confirmed the sale of the first suezmax in its four-ship newbuilding programme at South Korea's DH Shipbuilding, crystallising a profit of around $22m on the transaction. The Antwerp-listed company said it has signed an agreement to sell the first tanker under construction, with the vessel to pass to its buyer simultaneously with ...
d'Amico brings last leased tanker back in-house Italian product tanker owner d'Amico International Shipping has exercised a $14m purchase option on the 2014-built MR tanker High Fidelity, paving the way for its entire operating fleet to return to full ownership. Operating arm d'Amico Tankers is expected to take ownership of the 50,000 dwt Hyundai Vinashin-built vessel around mid-January 2027, with the final ...
Lila Global exits VLCC segment in style On April 20, Splash reported that a 20-year-old VLCC had fetched $60.5m in a sale by Mitsui OSK Lines to Lila Global. The vessel, then known as Kasagisan, was renamed Lila Vadinar in March after Lila Global acquired it. In July, it was renamed Vadin. Now the vessel is reported sold again for $117m - ...
HD Hyundai delivers world's first lashing-free containership HD Hyundai has delivered what it says is the world's first containership designed to eliminate manual lashing, removing one of the most labour-intensive jobs in container shipping. The 13,000 teu vessel, which is methanol dual-fuelled, has been handed over toFrance's CMA CGM after being built using HD Hyundai's proprietary hybrid lashing-free system. HD Hyundai Heavy ...
Torm's former top shareholder heads for the exit Brookfield-controlled OCM Njord is looking to completely exit Torm, putting its remaining 6.17% stake in the Danish product tanker owner up for sale and potentially drawing a line under an ownership position dating back to Torm's 2015 restructuring. Torm said late on Monday that Njord had launched a secondary public offering covering all 6,329,874 Class ...
Tanker attacks around Hormuz hit wartime high Commercial shipping around the Strait of Hormuz is enduring its most intense spell of attacks since the US-Iran war began on February 28, with four tankers struck and another directly threatened in incidents disclosed by UK Maritime Trade Operations on Monday. The latest attack came at 1637 UTC yesterday when a tanker transiting Hormuz was ...
Black Sea merchant shipping comes under fresh drone attack Commercial shipping in the western Black Sea has come under a fresh wave of attacks, with another general cargoship sinking and a second catching fire off Bulgaria barely a day after the loss of the Royad Mammadov off Romania. According to UK maritime security specialist Vanguard Tech, the Togo-flagged Alfa Watan and Palau-flagged Able issued ...
Hyundai Glovis and Liberty Global Logistics push nuclear car carrier towards commercial reality Hyundai Glovis and US-based Liberty Global Logistics (LGL) have teamed up to examine the commercial operation of a nuclear-powered car carrier between South Korea and the US. The pair have signed an MOU covering the development and operation of a pure car and truck carrier powered by a small modular reactor (SMR), moving Hyundai Glovis's ...
Panama Canal extends long-term slot system to panamax locks The Panama Canal is extending its long-term slot allocation programme to the Panamax locks for the first time as it looks to give more customers greater certainty through the coming dry season. The new Long-term Slot Allocation, or LoTSA, phase will cover January 3 to April 3, 2027, with the established neopanamax system running alongside ...
Global crude exports have recovered from Hormuz crisis, but can it last? Seven months after the Hormuz crisis began, global crude flows have finally normalised, but the rebound's sustainability is uncertain, and...
The Daily View: Orderbooks are rising. So is the amount of shipping the world needs, for now
AI-enabled shipping? Yes. Autonomous shipping? Not for '40-50 years' Shipping is trying to come to terms with AI's promise and pitfalls, much like every other industry. But lack of...
Drone strikes in Nato waters leave crew missing as Black Sea threat widens One cargoship sank with all crew missing and another was abandoned after reported drone attacks in Bulgaria's exclusive economic zone...
Panama Canal extends long-term slot programme as waterway prepares for another drought-threatened dry season Advance booking scheme expanded to panamax locks for the first time, offering 558 reserved transit slots for early 2027 as...
Bareboat guarantees still enforceable despite Russia sanctions, Commercial Court rules 'Hell or highwater' clauses didn't earn their nickname for nothing
Orderbook doubles, scrapping stalls: why dry bulk is not worried about 2027 yet Dry bulk's boom is being carried by chaos, not cargo - and the moment the chaos ends, a bloated orderbook...
Supply chains pivot from cost to resilience as trade uncertainty reshapes global networks DP World research indicates years of disruption have fundamentally altered supply chain strategy, with resilience, route optionality and network flexibility...
Adnoc L&S orders three more VLGCs as fleet expansion gathers pace Adnoc Logistics & Services has ordered three newbuild VLGCs worth $324m, extending an aggressive fleet expansion strategy that has already...
Middle East Gulf product loadings rebound but lag crude recovery amid refinery outages More CPP is being shipped to Fujairah for re-export or transferred via STS outside Hormuz and in the Gulf of...
Hong Kong delivers BIMCO's first non-English contract The Chinese edition will be formally launched in November to coincide with the 10th anniversary of Hong Kong Maritime Week
Daily Briefing Tanker rates, already higher than most imagined possible, just spiked again | Greece 'more and more confident' it can sink...
C. H. Robinson-RXO deal part of 'meaningful consolidation' in logistics space The need for new services, multi-modal networks, and AI-driven technology is encouraging acquisitions across the logistics landscape.
CEVA targets $1 billion annual 'value' as focus shifts to organic growth: CEO The CMA CGM subsidiary unveiled a new operating model Tuesday, which Patrick Moebel believes will create a simplified, more customer-centric organization and improve productivity.
FMC questions Cosco on late payment of reparations to ag shipper The agency says the ocean carrier will be subject to fines of up to $25,000 a day if it has determined that the late payment to an Oregon-based shipper is "willful and knowing."
Robinson-RXO deal raises the bar for truck-to-rail conversion: analyst For railroads and their intermodal partners, the question is what happens to truck-to-rail conversion when the largest truck broker gets larger and better at pricing truck capacity, writes Paul Tonsager.
India eyes regional hub role as Middle East transshipment demand broadens Ocean carriers are increasingly using Indian west coast terminals to relay Middle East-bound cargo originating in the US, Europe and Africa, thus extending the regional shift beyond Asia-Persian Gulf trades.
Manning the impossible: How the Hormuz crisis is rewriting the crewing playbook Eight months into the troubles at the chokepoint, managers face a shrinking, costlier pool of seafarers willing to sail into the danger zone
Wallenius Wilhelmsen launches $300m share sale amid talks for up to 12 newbuildings Car carrier operator in 'advanced' discussion to expand orderbook
Greek tanker ablaze off Russia in presumed Ukrainian sea drone strike 'Open fire' rages outside Black Sea city as vessel's Indian crew safely evacuated ashore
'No more Ms. Nice FMC' as regulator threatens Cosco with fine over delayed award payment Penalties could rise to $16.7m for 'wilful violation'
Frontline's $65m VLCC fixture shows dramatic surge in rates for Brazil voyages US- and Oslo-listed tanker owner fetches $804,000 per day
DHT scores Gulf of Oman fixture at $1.2m per day as record VLCC rates fail to find a ceiling New York-listed VLCC specialist to earn $41.8m in time-charter equivalent revenue
Adnoc L&S ups Hengli VLGC newbuilding orders after secondhand raid Yard prices on hot gas ship sector head on up
Norden raises profit forecast on strong 'operational performance' Danish owner-operator leaves asset-play gain estimate unchanged
Corvus Energy shrugs off staff turmoil after flurry of orders Battery maker also reveals type approval for a system developed in conjunction with China's BYD
Disruption-driven 'complexity' to drive shipping volume higher by 2030, says Clarksons Growth in store as shipping earnings hit record high, says Steve Gordon
Global Ship Lease inks order for container ship pair New York-listed tonnage provider takes newbuilding portfolio to 17 vessels
Merger of John Fredriksen's SFL and Flex LNG 'could make sense', Pareto says Analysts digest SFL's order of two very large ammonia carriers
Shipping in the 'kill box': Iran focuses vessel attacks on narrow Hormuz hotspot Naval warfare expert Iran has window of opportunity with fewer US military assets in the region
Adnoc to ship 2m tonnes of LNG to Thailand as Strait of Hormuz exports rise Up to 28 cargoes heading east from next year
Merger of John Fredriksen's SFL and Flex LNG 'could make sense', Pareto says Analysts digest SFL's order of two very large ammonia carriers
Key oil pipeline to Red Sea port up and running after attack, says Saudi Arabia Energy minister says 5.8m barrels per day of crude oil are being piped to Yanbu following attack last month
Adnoc to ship 2m tonnes of LNG to Thailand as Strait of Hormuz exports rise Up to 28 cargoes heading east from next year
BSM names new ship management boss in Greece Andreas Solomonides will lead the integrated Ship Management Centre BSM Cyprus and BSM Hellas
Oaktree prices remaining stake in Torm with a discount at $254m US investors exits product tanker owner at $40 per share
Multiple seafarers injured after tanker struck in new Iranian Strait of Hormuz attack US appears to be losing any capacity it previously had to protect transiting vessels in the embattled waterway
Revenue-raising fund could stymie climate-change talks, says ICS chief John Denholm says US had been speaking up against IMO revenue-raising powers for years
Koch cashes in with record $1m per day VLCC fixture on Oman route Glencore pays new benchmark for shipment to Japan
Shipping in the 'kill box': Iran focuses vessel attacks on narrow Hormuz hot spot Naval warfare expert Iran has window of opportunity with fewer US military assets in the region
Greek owner secures $60m to fix VLCC from Brazil Delta Tankers in the money as crude carrier market motors on
Sinokor VLCCs hit by Iran in weekend Strait of Hormuz attacks, says security firm The incidents explain why a third Sinokor tanker made an abrupt U-turn as it approached the waterway
BW Group offloads part of Navigator Gas stake for a profit Singapore behemoth continues sell-down of New York-listed LPG carrier owner
Burning vessel abandoned and another sinks in Black Sea carnage Bulgarian PM says incidents were drone attacks
VLCC market 'panic' drives tanker stocks higher in Oslo Pareto Securities says charterers are 'paying whatever it takes'
Saudi Arabia-backed Yemeni forces claim capture of Red Sea coast from Houthis Conflicting claims complicate just how much progress has been made
Trader BGN sets new high for product tanker newbuilding hire German Tanker Shipping said to have secured $42,000 per day over a year
MOL LNG carrier quartet shifts into Russian control of newly UK-sanctioned entity New South Korean company materialises as ships' manager with plans to grow an ice-breaking LNG fleet
Trader BGN fixes record rate for product tanker newbuilding German Tanker Shipping said to secure $42,000 per day over a year
Exmar nets chunky profit on suezmax tanker resale delivering in 2027 What price company's remaining trio of newbuildings?
Maran Gas LNG carrier hit near Strait of Hormuz as Iran piles up attacks Tehran keen to demonstrate it still has grip on the key waterway
Almi Marine orders ultramax bulk carriers at Cosco Zhoushan The Greek shipping company has five ultramax bulker newbuildings being built in China
Taylor Maritime selling final ship as boss Buttery builds private fleet Vessel sales will approach $1bn once the London-listed firm is done
Pateras unpacks 'crossroads' contract for up to 30 newbuildings Newbuilding campaign of up to 30 ships in China marks a new chapter in his company's history, Greek owner argues
Angelicoussis VLCC linked to possible $260,000 per day term deal Brokers taking wild guesses as to where period rates will go next
Clarksons steams towards record profit in 'very strong' broking markets London-listed group says its brokers are delivering revenue well above expectations
Karpowership firms up ninth FSRU conversion at Seatrium Singapore shipyard lands second project from framework that could bring more floating energy work
Pateras unpacks Contships' 'crossroads' contract for up to 30 'cash cows' Newbuilding campaign of up to 30 ships in China marks a new chapter in his company's history, Greek owner argues
Almi Marine orders ultramax bulk carriers at Cosco Zhoshan The Greek shipping company has five ultramax bulker newbuildings being build in China
Oaktree heads for exit with sale of remaining $260m stake in Torm Will Hafnia be in the market to buy more?
US and South Korean operators join forces to explore nuclear-powered car carrier Memorandum of understanding between Hyundai Glovis and Liberty Global Logistics foresees nuclear PCTCs on the South Korea-US trade lane
Trucking Capacity Crisis: Rejections Up 4x on Same Volume The freight market is experiencing an unprecedented capacity crisis, with carriers rejecting loads at four times the normal rate despite stable volumes. This isn't a typical demand-driven cycle; instead, capacity is exiting the market faster than new trucks can enter, driven by escalating costs, driver shortages, and regulatory hurdles. Discover why the market will remain tight and what shippers
Freight's Next Move Matters More Than the Last 18 Months Chris Wofford joined FW Today to talk freight, macro risk and what operators should actually be watching right now. No hype, no magic-timeline calls-just the signals that matter if you run trucks, buy capacity or sit in the middle. What are you watching most? C.H. Robinson's acquisition of RXO is the largest truck brokerage merger-and-acquisition transaction in history, catching even veteran deal
LTL survey: Old Dominion, Daylight Transport take home top honors again Old Dominion Freight Line was named the top national less-than-truckload carrier for a 17th straight year while Daylight Transport received top overall honors for a third straight year, according to a news release from Mastio & Co. The research and consulting firm annually conducts the industry's most comprehensive survey evaluating customer value and loyalty. This year's results were based on 1,
$100B Trade Gap: China vs. US Data Exposed A staggering $100 billion discrepancy exists between China's reported exports and the US's recorded imports. Michael Kanko, CEO of ImportGenius.com, explains what this trade data delta signifies for the global supply chain. He details how granular shipping records are used for everything from sourcing new components to ensuring compliance with international sanctions, and why transparency in air
Brokers Face RICO Suit Over Cheap Freight, but a 2006 Supreme Court Case May Shut It Down ( The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. ) As if C.H. Robinson did not have enough going on with its recent acquisition announcement with RXO , six trucking companies sued the global 3PL as well as Total Quality Logistics in Texas federal court. On September 23, Stevens Trucking, Western Flyer Express,
Wall Street analysts positive on C.H. Robinson deal; S&P more cautious One concern after another was raised by the buy side analysts who follow C.H. Robinson and RXO on the phone call that Monday morning rapidly followed the shocking announcement that C.H. Robinson, the largest broker in the U.S., was buying RXO, generally considered the 3rd biggest 3PL. What about antitrust concerns? How will you handle technology integration? What kind of legal "docket" does RXO f
New submarine plant planned at Baltimore multimodal hub Anduril Industries plans to invest $3.7 billion in a submarine-component manufacturing facility at Tradepoint Atlantic , the multimodal logistics development at the Port of Baltimore . The plant would create 3,100 permanent jobs and return shipbuilding to the former Bethlehem Steel property at Sparrows Point. The 2 million-square-foot facility is expected to begin initial operations in 2030. The
Transfix integrates E3 driver fraud screening into TMS Transfix has integrated driver identity verification from E3 Group into its transportation management system (TMS), giving freight brokers a way to screen drivers for fraud before releasing a pickup number. The integration brings E3's driver authentication tools into the Transfix TMS rather than requiring brokers to move between separate systems to verify a driver's identity, according to the com
Einride, EASE begin daily driverless freight runs in Ohio Einride and EASE Logistics said Tuesday that two cabless electric trucks are now in daily freight service between EASE warehouses in Marysville, Ohio. The SAE Level 4 trucks run scheduled routes across EASE property and local public roads with no one aboard. A remote operator monitors each one off-site. The go-live built upon an earlier proof of concept project that the two companies, DriveOhio a
The Autonomous Trucks Are Coming for the Lane, Not Necessarily for Your Business If you've spent the last year watching driverless trucks rack up miles on the lanes you used to run and felt something between anger and dread, that reaction is fair, it's shared by most of the industry, and it isn't paranoia, because the deployment timeline that always seemed to sit five years out has quietly collapsed into this quarter and the next one. Here's what the industry keeps dancing ar
Xeneta: US-bound container rates peak, but sharp collapse unlikely Spot container freight rates from Asia to the United States have likely reached their post-Hormuz crisis peak, but shippers should expect elevated costs through the remainder of 2026, according to Xeneta Chief Analyst Peter Sand. Market-average spot rates edged higher Oct. 1, reaching $8,346 per forty-foot equivalent unit to the U.S. West Coast and $11,523 per FEU to the East Coast. Those increas
Major chemical producer backs UP-NS merger Trade associations representing chemical manufacturers - whose supply chains are dependent on railroads - have been among the most outspoken critics of the proposed Union Pacific-Norfolk Southern merger. But this week the largest producer of polyvinyl chloride in the U.S. told federal regulators that it supports the transcontinental merger. "As a solely served customer, Union Pacific (NYSE: UNP )
Uber strikes $2.3B deal for ezCater as freight unit adds supply chain exec Uber Technologies is making a $2.3 billion bet on business-to-business food delivery with its acquisition of ezCater, a workplace catering platform whose orders average more than $400. Uber announced Tuesday that it has agreed to acquire Boston-based ezCater in an all-cash transaction that will combine the company's workplace catering business with Uber Eats and Uber for Business. The deal gives
Benchmark diesel slides; what will be impact of red dye change? The benchmark price used as the basis for most fuel surcharges fell for the second week in a row , as the market awaits the impact of a change in federal regulation on a type of fuel that can now be consumed by over the road trucks. The Department of Energy/Energy Information Administration average retail weekly diesel price declined for the second consecutive week, dropping 18.3 cents/gallon to
Transportation prices surge as capacity tightens further in September Transportation prices continued to surge in September as capacity tightened further, according to a monthly sentiment survey of supply chain executives. The Logistics Managers' Index showed transportation prices (92.7) remained highly inflationary, up 2.7 percentage points from August . (The LMI is a diffusion index in which a reading above 50 indicates expansion, while one below 50 signals contr
Omni Air resold to founder to save $2.5B Chicago parking meter deal The founder of Omni Air International and former Sun Country Airlines CEO Jude Bricker have stepped in to buy the airline from private equity firm Stonepeak, which needed to quickly divest Omni Air to close a $2.53 billion parking meter concession from the city of Chicago over objections about Trump administration deportation flights. Air Transport Services Group announced last Monday it has agre
ZF raises U.S. outlook, pauses hybrid plan for U.S. trucks ZF Commercial Vehicle Solutions raised its U.S. sales outlook for next year by about $50 million, an executive said at a media briefing ahead of IAA Transportation in Hanover, Germany. The German supplier also paused a U.S. hybridization project with a lead customer and is concentrating its new TraXon Hybrid transmission on Europe and Japan. Fabian Schlegel, global head of sales and head of the E
Waabi takes its autonomous truck pitch beyond truckload Volvo Autonomous Solutions and Waabi announced Monday they are hauling freight for Warp, the first customer operation in the companies' partnership. Volvo VNL Autonomous trucks running the Waabi Driver are moving Warp freight directly to third-party facilities on the Dallas-Houston corridor, with an observer in the driver's seat. Warp runs less-than-truckload and full-truckload freight through a
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