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MAY 8, 2026

JNPA says all its terminals functioning smoothly without congestion; shortage of trailers and drivers a challenge BREMER LLOYD executes a landmark wind turbine shipment from Chennai to Manfredonia, Italy DP World launches cargo war risk insurance solution Scheme for Promotion of Flagging of Merchant Ships extended Global ocean freight seeing strong demand Increase in coal shipments and ship demand supporting freight rates, especially for the Panamax and Capesize segments India actively navigating Strait of Hormuz situation Hormuz disruption has not yet registered as a global negative event compared to the Red Sea crisis Shipping firms facing operational crisis as Hormuz blockade drags on Iran asserts control with Persian Gulf Strait Authority CONCOR strengthens domestic rail logistics connectivity in Karnataka Maersk delivers volume growth across all businesses in Q1 Fujairah solidifies role as global energy bastion amid nine-week blockade Maritime India Foundation formalises agreements with IITs and Indian Maritime University to promote 'Atmanirbhar Bharat' in the maritime sector

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MAY 7, 2026

DB InfraGO reports on rail network condition Hapag-Lloyd opens office in Cotonou/Benin K-Mile Air launches cargo flight to Abu Dhabi Dr. Jörn Fontius becomes COO of the DIRKS Group A330-300BDSF: Completion of structural tests Railinc promotes Joan Smemoe Hibernia Line launches ferry service with Carus-IT Lufthansa Cargo establishes GlobeCross Mark Domzalski appointed SVP at TEN Anna Nord Bjercke becomes CFO at Avinor Port of Houston launches investment plan Air New Zealand celebrates anniversary in Hong Kong Australian government invests in rail network CPKC & CSX modernize "SMX Service" Cargo business contributes to record figures Interferry and LASWA launch ferry safety program in Lagos Virginia Port: Sarah J. McCoy new Managing Director DHL Express introduces AI solution for shipment identification Maersk reports positive results in Q1 Leadership change at ERFA: Gladyga takes over Presidency

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MAY 7, 2026

OOCL's constitutional gambit - is it set to unravel the FMC's entire enforcement machinery? Maersk volumes surge as rates slump, hitting ocean, while air grows 'Senseless' flight restriction at Chicago was 'a political decision' 'Canny' Mærsk - where financial discipline dictates strategy Liners take notice as India plans major multimodal hub projects The Amazon 'gorilla' - GXO Logistics CEO shares insight with Premium FedEx and UPS should be worried: Amazon now 'the fourth integrator' New $4.5bn offer for Zim: a teaser for Israeli government or just too late? Maersk warns bunker shock is reshaping shipping economics Ecommerce and Asia demand keep LatAm cargo buoyant despite fuel spike

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MAY 7, 2026

Podcast: Fleetzero discusses electrification in commercial shipping Marine Log's Listen Up! podcast examines electrification's growing role in commercial shipping in its latest episode featuring Mike Carter, co-founder and COO of Fleetzero. The episode, titled "Electrification at Sea: What Comes MARAD launches initiative to develop Small Modular Nuclear Reactors U.S. Transportation Secretary Sean P. Duffy and the Maritime Administration (MARAD) today launched an initiative to develop Small Modular Nuclear Reactors (SMR) for commercial shipping. As a first step, MARAD has released Crescent Towing takes delivery of 6,000-hp Z-drive tug Crescent Towing, Mobile, Ala., has taken delivery of the M/V Kentucky, a new 6,000-hp Tier 4 Z-drive tugboat built at Blakeley BoatWorks, also in Mobile. The vessel entered service earlier this year VIDEO: First look at Molslinjen's 1,500 passenger battery-electric ferries The boundaries of how large, fast and long range battery-powered vessels can get keep getting extended and Incat Tasmania, Wärtsilä and Denmark's Molslinjen have now released a new collaborative video highlighting one Turkey's Albayrak Group will get fast delivery of two new Damen ASD tugs Damen Shipyards Group has signed its first contract with Turkey's Albayrak Group, covering the delivery of an ASD Tug 2111 and ASD Tug 2813. The Albayrak Group is one of the largest Blue Water Autonomy partners up to scale next-gen shipbuilding Blue Water Autonomy, the Boston-based tech company whose first 190-foot Liberty Class autonomous ship is under construction at Conrad Shipyards, has entered a number of strategic partnerships to scale the production of Hanwha Ocean and Thordon team up to pursue Canadian Patrol Submarine Program opportunities South Korea's Hanwha Ocean and Canada's Thordon Bearings have signed a Memorandum of Understanding (MOU) to explore the benefits of cooperating on the Canadian Patrol Submarine Program (CPSP) and other Canadian or Sara Fuentes named new Transportation Institute president The Transportation Institute (TI), which represents U.S.-flag shipping companies, has named Sara Fuentes its new president. Fuentes previously served as the organization's vice president for government affairs and will lead ti's continued

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MAY 7, 2026

ROX to build AI Vehicle manufacturing facility at KEZAD KEZAD Group signed a lease agreement with ROX Motor to establish one of the Middle East's first advanced AI vehicle manufacturing centres at KEZAD Logistics Park in Abu Dhabi. The 10,000-square-meter facility will begin operations in the second half of 2026. ROX aims to reach an annual production capacity of 300,000 vehicles by 2030. The project could contribute up to 10% to the UAE's Operation 3 Bunker prices mixed as scrubber spread extends gains The global bunker market recorded mixed performance over the week, with price fluctuations remaining significant amid ongoing tensions in the Middle East. The 380 HSFO index surged by US$38.13, rising from US$ 765.04/MT the previous week to US$ 803.17/MT and exceeding the US$ 800 threshold. The VLSFO index also posted a strong gain of US$ 48.53, increasing from US$ 914.02/MT to US$ 962.55/MT, ste Sea-Intelligence: Quantifying disruptions, Red Sea vs. Hormuz In the latest issue of the Sunday Spotlight, Sea-Intelligence quantified and contrasted the structural impact of the Red Sea crisis and the Strait of Hormuz disruption. While it is easy to assume all geopolitical chokepoints impact global supply chains equally, the data reveals a stark contrast in how these two events have manifested operationally. At the global aggregate level, the Red Sea cris Suez Canal Chief holds cooperation talks with Swedish and French Ambassadors Suez Canal Authority Chairman Adm. Ossama Rabiee held separate meetings with the ambassadors of Sweden and France to discuss maritime cooperation, logistics development, and the strategic role of the Suez Canal in global trade. The meetings took place in Ismailia as the Suez Canal Authority continues efforts to expand navigational and logistics services despite ongoing regional disruptions. Swede ANL announces Asia-Australia rate restoration ANL has announced a rate restoration programme for shipments from Asia to Australia, effective from June 1, 2026. The increase will apply to all dry and reefer cargo and will be added on top of current Spot and FAK rates, subject to applicable surcharges at the time of shipment. Under the revised pricing structure, rates will increase by USD 300 per 20-foot dry or reefer container and USD 600 per Thessaloniki Port signs rail corridor MoU Thessaloniki Port Authority has signed a Memorandum of Understanding with Hellenic Train and Bulgarian State Railways on April 7, 2026, establishing a trilateral cooperation framework aimed at strengthening intermodal transport and expanding supply chain connectivity across Southeastern Europe. The agreement creates the foundation for a rail cargo corridor centred on the Port of Thessaloniki, ext Two ports reshape Emirati maritime geopolitics Khor Fakkan and Fujairah were engineered as bypass infrastructure. Under the Hormuz crisis, they have become the UAE's last line of maritime sovereignty and a geopolitical asset that reframes the entire Emirates' pivot-state doctrine Hanwha Ocean and Thordon Bearings sign MOU Hanwha Ocean and Thordon Bearings have signed a Memorandum of Understanding (MOU) to explore cooperation opportunities related to the Canadian Patrol Submarine Program (CPSP) and other maritime projects in Canada and internationally. The agreement focuses on potential collaboration in submarine systems, naval technologies and long-term lifecycle support for future naval programmes. The CPSP is co SOHAR Port and Freezone launches energy efficiency guideline SOHAR Port and Freezone, in collaboration with the Ministry of Energy and Minerals through the Oman Net Zero Centre, has launched the Energy Efficiency Guideline for SOHAR Industrial Buildings, providing a structured framework to help industrial tenants improve energy performance, reduce operating costs and strengthen operational resilience across the port and freezone ecosystem. The guideline of Evergreen launches Peru-North Chile service Evergreen Marine Corporation has announced the launch of its new Peru North Chile (PNC) service, scheduled to commence on May 13, 2026. The new service is designed to strengthen Evergreen's network coverage between Peru and Northern Chile, while also extending connectivity to the Bolivian market. The PNC service will operate with one 2,500 TEU vessel on a fixed 14-day rotation. The maiden voyage Trump says Iran deal possible as Tehran reviews US peace proposal Donald Trump said a deal with Iran was "very possible" as Tehran reviewed a US-backed peace proposal aimed at ending the conflict and easing tensions in the Strait of Hormuz . According to Al Arabiya English and Reuters, the proposed framework could formally end the war while opening discussions on sanctions relief, shipping access, and Iran's nuclear program. "We've had very good talks over the Maersk reports Q1 2026 results Maersk reported solid Q1 2026 results, supported by volume growth across Ocean, Logistics & Services and Terminals, alongside operational improvements and cost discipline. A.P. Moller - Maersk posted EBIT of USD 340 million for the quarter, while EBITDA stood at USD 1.8 billion. The company said performance was achieved despite continued geopolitical uncertainty, market volatility and pressure on How a bankrupt Romanian shipyard became a NATO industrial asset The Rheinmetall-MSC bid for Romania's largest shipyard is not a commercial rescue it is the first visible node of a Western maritime-industrial rearmament strategy on Europe's eastern flank ZIM reaffirms binding merger agreement with Hapag-Lloyd ZIM Integrated Shipping Services said its Board of Directors has reaffirmed that the merger agreement with Hapag-Lloyd remains binding following shareholder approval of the transaction on 30 April 2026. The company said the board continues to support the proposed merger and confirmed that both parties are actively working with regulatory authorities to complete the transaction. Zim shareholders a CMA CGM adds Itajai call to SIRIUS service rotation CMA CGM will revise the rotation of its SIRIUS service connecting the Mediterranean with the East Coast of South America, introducing a new call at the Brazilian port of Port of Itajai while removing the call at Port of Itaguai . The updated rotation is part of the carrier's efforts to enhance service coverage and operational efficiency on the trade lane. New Itajai call begins in June According Hapag-Lloyd announces peak season surcharge to West Africa Hapag-Lloyd has announced a Peak Season Surcharge (PSS) for shipments from Asia and Oceania to West Africa. The surcharge will apply to all container types for cargo loaded from May 10, 2026, and will remain in effect until further notice. Under the new tariff structure, shipments from China, Southeast Asia and Korea to ports including Tema, Lomé, Abidjan, Cotonou, Apapa, Tincan Island and Onne w SUUS expands warehousing partnership with Josera as volumes rise 50% Rohlig SUUS Logistics has expanded its logistics partnership with Josera, increasing the total volume of handled goods by 50% and adding warehousing services for the B2C sales channel. The expanded agreement marks the largest phase of cooperation between the two companies since their partnership began in 2019. Expansion into B2C logistics Under the new arrangement, SUUS will provide: Storage ser GXO raises 2026 guidance after strong first-quarter growth GXO Logistics reported strong first-quarter 2026 results, driven by revenue growth, higher profitability, and increasing demand across strategic sectors including aerospace, technology, industrial, and life sciences. Revenue and profitability improve GXO posted: Revenue of $3.3 billion , up 10.8% year over year Organic revenue growth of 4.1% Adjusted EBITDA of $200 million , compared with $163 mi Wan Hai sells vintage trio for US$66 million profit Greek tonnage provider Costamare Shipping and French line CMA CGM have been identified as the buyers of three 2001-built 5,600 TEU ships that Taiwanese liner operator Wan Hai Lines sold in March

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MAY 7, 2026

Genco steps up fight against Diana takeover push New York-listed dry bulk owner Genco Shipping & Trading has stepped up its defence against rival Diana Shipping, urging shareholders to back its existing board as the takeover battle between the two US-listed companies intensifies ahead of next month's annual meeting. Genco has filed definitive proxy materials with the US Securities and Exchange Commission tied ... Middle East conflict airspace crisis hits crew change budgets Disruption to global airline networks linked to the conflict in the Middle East is driving up crew change costs and creating mounting operational headaches for shipowners and managers, according to marine travel specialist ATPI. The company said ongoing airspace instability, flight cancellations and reduced airline capacity are reshaping global crew travel patterns, particularly on long-haul ... Sinopec books LNG bunker newbuild China's Sinopec Clean Energy has ordered a dedicated LNG bunkering vessel at a domestic yard, joining other owners in the segment that has seen rapid growth in newbuilding activity over the past year. The Beijing-based company confirmed that Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) will build a 12,000 cu m LNG bunker ship, ... Excelerate reroutes newbuild FSRU to Jordan amid Iraq delays US-listed regasification player Excelerate Energy has secured interim employment for its newest floating storage and regasification unit after delays to Iraq's planned LNG import project pushed back the vessel's long-term deployment. The New York-listed company said it has signed a definitive nine-month charter agreement with Jordan's National Electric Power Company (NEPCO) to deploy the newbuild DP World extends foothold at key Thai container hub Dubai-based port and logistics giant DP World has secured a five-year extension to continue operating a key container berth at Thailand's Laem Chabang Port, bolstering its foothold in one of Southeast Asia's busiest trade corridors. The concession extension, granted through DP World's joint venture Laem Chabang International Terminal (LCIT), covers the B5 container berth and ... VLCC asset prices defy gravity as five-year-old tonnage trades above newbuild contracts The Hormuz crisis has broken the tanker market's age depreciation curve entirely, with five-year-old VLCCs now trading above the price of a brand new vessel ordered from a Korean shipyard. According to Signal Ocean's latest Tanker Market Monitor, the inversion of normal asset pricing logic is now visible across all major crude tanker segments. A ... Trust, gut and a telex mentality that refuses to die: Geneva Dry's broking debate The final session of Geneva Dry's opening day tackled what many in the room consider the dry bulk industry's most existential question: in a world of instant data, AI-powered analysis and algorithmic trading, what exactly is the broker for? The answer, delivered with candour and occasional humour by a panel of owners, charterers and a ... Baker Hughes and Strohm target ultradeepwater market with hybrid flexible pipe US energy technology company Baker Hughes and Dutch-based thermoplastic composite pipe specialist Strohm have joined forces to develop a new hybrid flexible pipe solution aimed at ultradeepwater subsea projects. The two companies signed a memorandum of understanding to jointly develop and qualify a hybrid flexible pipe (HFP) for riser and flowline applications in water depths ... Weatherford lands offshore drilling work with Noble and Constellation Weatherford has secured a string of offshore drilling and intervention contracts with offshore driller Noble Corporation and Brazil's Constellation Oil Services, expanding its role in deepwater operations across Guyana, Brazil and Nigeria. The US energy services company said the latest awards cover managed pressure drilling systems, offshore well intervention support and a global aftermarket supp Gunboat diplomacy returns to Hormuz A US Navy F/A-18 Super Hornet launched from USS Abraham Lincoln has disabled the Iranian-flagged VLCC Hasna in the Gulf of Oman after the vessel allegedly attempted to breach the American naval blockade of Iran's ports. US Central Command said the aircraft fired its 20 mm cannon at the ship's rudder after the crew of ... Tidewater bags fresh North Sea PSV deal with EnQuest Offshore vessel owner Tidewater has secured another North Sea contract for one of its platform supply vessels, with brokers reporting that the PSV Enea has been fixed to UK independent oil and gas producer EnQuest. The 2010-built vessel has been chartered for six weeks firm from June, with at least four one-week extension options attached ... Solstad lines up long-term work for flagship CSV Norwegian offshore vessel owner Solstad Offshore has lined up a potential long-term contract for its flagship subsea construction vessel Normand Maximus after signing a letter of intent with an unnamed international subsea contractor. The Oslo-listed company said the deal is expected to start in the first quarter of 2027 and would run on a firm ... Taiwanese bulker banned from Australia over unpaid crew wages The Australian Maritime Safety Authority (AMSA) has issued a ban on the bulk carrier FPMC B Forever, the third such ban in just two months. Formosa Plastics Marine Corporation stands accused of underpaying its crew and breaching the Maritime Labour Convention (MLC). AMSA boarded the Liberia-flagged vessel last month in the port of Newcastle for ... Hapag-Lloyd deal tested as ZIM receives richer unsolicited offer ZIM's board of directors was forced yesterday to issue a public statement reaffirming that its merger agreement with Hapag-Lloyd and Israeli private equity fund FIMI is legally binding, after an unexpected rival bid from Israeli businessman Haim Sakal sent the shipping company's share price surging 9.5% on Wall Street. Sakal submitted an offer of $4.5bn ... When the sea stops being free Hormuz, the Red Sea, the Black Sea and the Baltic are exposing the gap between maritime law and maritime reality, write Dr Deniece Aiken and Professor Ulla Tapaninen. The crises in Hormuz, the Red Sea, the Black Sea and the Baltic are not only tests of shipping resilience. They are tests of whether international maritime ... Burmester & Vogel: 'I want to build the Bloomberg of shipping' Evangelos Efstathiou is not short of ambition. The CEO of Burmester & Vogel - a self-described geek who has spent the better part of two decades quietly building what he believes will become the data backbone of global shipping - sat down with Maritime CEO at last week's Geneva Dry to share his vision, a ...

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MAY 7, 2026

Iran accuses US of 'destabilising' maritime safety and security US 'acts of aggression' and seizures of Iranian vessels set a 'dangerous precedent', the Iranian representative to the IMO said... Don't expect shipping to snap back to normalcy with a US-Iran agreement Patience will be required before any sense of normalcy can be sustained. The way this crisis has unfolded suggests that... European shipping risks a decline without investment in clean fuels Europe is leading sustainably fuelled ship orders, but almost three quarters of sustainable fuel production is coming from Asia -... Sweden turns up heat on shadow fleet 'We protect our waters,' says Swedish Prime Minister Ulf Kristersson after multiple boardings in recent months Odfjell confirms Hormuz closure effect, reporting reduced 1Q26 profit World's second-largest operator of chemical tankers said stronger spot freight rates only emerged late in the quarter and therefore had... Swedish Club hails 'strongest result' in its history 'A year to be proud of,' proclaims chief executive Nordberg Middle East port update: Thursday, May 7 In UAE, Ruwais and Abu Dhabi petroleum ports are operational and Ras al Khaimah ports remain open US jet fires on Iranian tanker National Iranian Tanker Company-owned Hasna was transiting towards an Iranian port in the Gulf of Oman, US Central Command said Shipowner loses out after master files paperwork too early Sometimes a ship that has arrived isn't an 'arrived ship' Bifurcation of the dry bulk fleet Fragmented emissions rules and a fading prospect of a global carbon price are pushing the dry bulk sector towards a... The Daily View: Dual system shift Maersk warns excess capacity and geopolitical tensions continue to pressure box market Chief executive Vincent Clerc said demand remains strong across most regions, but shipping markets are volatile Daily Briefing China's blocking order leaves shipping, oil and banking compliance teams navigating 'Odyssean dilemma' | Tankers hit by issues after bunkering...

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MAY 7, 2026

Werner acquisition boosts Truckload Capacity Index despite low demand The carrier's purchase of FirstFleet raised its truck count substantially, but overall capacity still contracted in the first quarter, according to the Journal of Commerce's index.The carrier's purchase of FirstFleet raised its truck count substantially, but overall capacity still contracted in the first quarter, according to the Journal of Commerce's index. FourKites takes aim at automating ocean bookings for shippers The software vendor said shippers can move away from having intermediaries manage bookings by automating the process and tying it to performance data that FourKites holds. Safety assumptions appear misguided in 'carrier of the year' honors A Journal of Commerce review found several instances where the promotional trucking awards appear to reflect service performance, rather than a strong safety culture or the skill of the drivers behind the wheel. Growth in energy-linked project cargo exacerbates US rail car shortage Cargo shippers and forwarders have found themselves taking on more of the burden for inland transport, relying on barges and trucks to fill in the gaps and even expanding their own fleets of heavy-duty rail cars. Maersk passing $500 million monthly fuel bill to customers 'in full': CEO But the carrier's ability to continue that cost recovery will depend on the long-term impact of high energy prices on consumer demand and how the industry manages its fast-growing order book, Vincent Clerc says.

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MAY 7, 2026

Trump administration looks to nuclear propulsion to revitalise US maritime sector US transportation secretary and MARAD launch request for proposals to explore small modular reactors Seafarer left severely injured after CMA CGM container ship attack Iranian strike was shortly before the US plan to escort commercial ships out of Middle East Gulf was put on hold Baltic bulker index crosses 3,000-point mark for first time since 2023 Capesize rates mixed but still add to average earnings Secondhand aframax values surge as Singapore player buys 'most expensive aframax ever sold' Nissen Kaiun-affiliated Puaska Laut cashes in, unlike other shipowners in the sector Cheniere Energy boasts its largest LNG shipping fleet yet US LNG producer expecting 'aggressive competition' expected for cargoes in second half as supply disruption hits Game on: Genco Shipping sets a date for vote on proxy fight with Diana We'll learn in June which of two public shipowners has been more persuasive to Genco's shareholding base Pay rebellion continues at Clarksons after talks with big shareholders Level of support for shipbroker's remuneration report rises a little at annual general meeting Maersk's profit plunges as Ocean business hit by lower rates Profits in Terminals and Logistics & Services outweighs Ocean loss Consensus building that Strait of Hormuz reopening impact will trickle down to shipping Will ships look to immediately flee? Or gradually flow out as Iran winds down its attempt at controlling traffic? 'Legitimate' or 'theatre?' Market mulls Diana's new Star-backed tender for Genco This week's Streetwise digs deeper into Diana Shipping's latest moves on Genco Shipping & Trading First Chinese tanker attacked by Iran in Strait of Hormuz Deck of unnamed ship caught fire in what owner describes as "psychological" blow DIS expects months of tailwinds for tankers if Strait of Hormuz reopens Italian owner says depleted refined product stocks must be rebuilt LNG sector seeing near-term 'supply disruption' not 'demand destruction', Excelerate says Self-dubbed 'boring' infrastructure provider to swap around Pakistan FSRUs this year International Seaways pays out monster dividend in massive earnings beat US tanker owner books strong first-quarter performance with special payday for investors VLCC sale-and-purchase activity stalled by frothy market, DHT chief says US-listed owner's CEO says company is very satisfied with fleet and level of cover Marinakis gas carrier firm CCEC speeds up newbuild deliveries in market boom Trio will join New-York listed pure-play firm this summer Maersk cools M&A ambitions after losing Zim bidding war CEO Vincent Clerc stresses it remains open only to opportunistic asset purchases following the failed pursuit of Israeli liner firm Ifchor Galbraiths sale-and-purchase director joins Swiss trader and shipowner Montfort appoints George Bolton as head of maritime investments Five-year-old VLCC prices surge $9m above newbuilds as depreciation curve 'lost' Crude tanker asset prices defying normal trends, Signal Ocean says Dorian LPG hikes dividend as Chris Wiernicki joins board John Hadjipateras-led VLGC owner returns cash to shareholders at its highest rate in nearly two years Clarksons chair: Middle East chaos drives 'excellent' start to year Laurence Hollingworth gives trading update ahead of annual general meeting on Thursday Iran accuses US of 'piracy' over Indian Ocean tanker seizures Senior diplomat highlighted seizure of nearly 4m barrels of oil after US military operations HD Korea Shipbuilding & Offshore Engineering sales surge on order flow Holding group for HD Hyundai yards logs highest operating profit yet Middle East crisis costing Maersk $500m a month, says boss Vincent Clerc Slow steaming and Red Sea sailings back on the cards in bid to save costs Cape Shipping orders first bulk carrier newbuildings in over 15 years Andrianopoulos family said to have contracted Panjin Dajin to build two newcastlemaxes Formosa capesize banned from Australia over underpaid crew wages Bulker barred until 28 July for Maritime Labour Convention breach 'All in' on VLCCs: Has Sinokor's media-shy leader Ga-hyun Chung called it correctly? TradeWinds takes a look at the man of mystery behind one of shipping's biggest bets DHT boss says VLCC rate disruption 'just part of the game' as Baltic Exchange comes under legal fire Svein Moxnes Harfjeld explains how the company is coping with market upheaval Kavita Shah promoted to run European and Americas shipping for law firm WFW Christoforos Bisbikos to head Asian operations as top team beefed up Ammonia ambition: Eyal Ofer's Zodiac Maritime books VLAC series Shipowner places order at South Korean yard Hanwha Ocean Stop treating seafarers like expendables, says Precious' Khalid Hashim Deadly loss of bulker in Hormuz conflict tarnishes an otherwise lucrative first quarter for Thai bulker owner Eyal Ofer's Zodiac Maritime places first bet on ammonia market Shipowner books VLAC order at South Korean yard Hanwha Ocean Contships' cash pile swells to $230m as it reveals new charters Greek owner completes disposal of five more feeder units Iran and US reach 'understanding' to reopen Strait of Hormuz Tehran and Washington may trade phased reopening for reduced maritime pressure, according to China's state news agency Record Spanish drugs bust sees up to 45 tonnes of cocaine seized on ship Police operation took place in the Atlantic Ocean off the Canary Islands US fighter jet hits VLCC owned by Iran's national shipping company with cannon gun Sanctioned tanker disabled after ignoring warnings from naval vessel Record Spanish drugs bust sees 30 to 45 tonnes of cocaine seized on ship Seizure took place in the Atlantic Ocean off the Canary Islands US Strait of Hormuz insurance scheme still closed for business Two escorted ships passed through chokepoint without help from $40bn insurance programme Himalaya Shipping scores premium for newcastlemax bulkers in April Owner had average TCE earnings of $41,600 per day Record Spanish drugs bust sees 30 and 45 tonnes of cocaine seized on ship Seizure took place in the Atlantic Ocean off the Canary Islands Trafigura inks supply and off-take deal for its new $900m Egyptian smelter Trader's bulkers will be busier on completion of new aluminium plant Maersk profit plunges as Ocean business hit by lower rates Profits in Terminals and Logistics & Services outweighs Ocean loss Zim tells Hapag-Lloyd merger deal is binding despite rival offer from duty-free tycoon Israeli line says it continues to support takeover by German owner US fighter jet hits VLCC owned by Iran's national shipping company with cannon gun Sanctioned tanker disabled after ignoring warnings from naval vessel Stop treating seafarers like expendables, says Precious's Khalid Hashim Deadly loss of bulker in Hormuz conflict tarnishes an otherwise lucrative first quarter for Thai bulker owner Saudi shipping giant escalates legal battle against Greek tanker owner UOG with second vessel arrest Owner allegedly tried to replace low-rate charter with market-priced deal Genco beats analyst expectations as Wobensmith predicts another dividend rise New York bulker owner expects operating leverage to translate into higher payout to shareholders Excelerate Energy nets interim Jordan contract for its Iraq-bound FSRU newbuilding US regasification specialist has declared force majeure on its supply deal with Pakistan after receiving a similar notice from QatarEnergy

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MAY 7, 2026

67 ELDs revoked since January. 2 more just made the list FMCSA announced today the removal of Safe ELD (both iOS and Android versions) and MYLOGS ELD from the agency's list of registered electronic logging devices. Safe ELD is manufactured by Bemorex, Inc. MYLOGS ELD is manufactured by Mylogs Inc. Both failed to meet the minimum technical requirements established in 49 CFR Appendix A to Subpart B of Part 395. That is not news by itself. ELD revocations RXO's tech turnaround: why investors are watching Basic financial data about RXO/s first quarter can be found here. The first quarter earnings of 3PL giant RXO seemed to signal that a tough several years for the company, which saw its stock steadily erode even as that of its key competitor C.H. Robinson soared, might have come to an end on the back of two significant factors. One is the freight market, which CEO Drew Wilkerson said has been stre Georgia Ports' $5B bet: Rewriting supply chain logistics Customers, business partners, and industry leaders gathered for the Georgia Ports Authority's 57th annual Georgia International Trade Conference to address critical developments in maritime logistics and the evolving supply chain landscape. The meeting came as global trade faces persistent uncertainty and cost pressures, and highlighted the state's strategic positioning as a gateway of choice for WattEV orders 370 Tesla Semis in record California EV deployment The long-awaited Tesla Semi has landed a major order. WattEV announced Tuesday at ACT Expo that it ordered 370 Tesla Semi Class 8 electric trucks. Deliveries of the first 50 Semis will begin in 2026. Once complete by the end of 2027, the deployment will be the largest single electric truck deployment in California. The move comes as the Tesla Semi enters mass production at its Nevada factory. Mor Shippeo acquires AI-powered workflow platform Transportation visibility provider Shippeo announced that it has acquired German supply chain automation company Logward. The deal combines real-time multimodal shipment tracking with AI-powered workflows on a single platform. Financial terms of the transaction were not provided. The deal comes as the industry is moving beyond simple tracking to a model where visibility data automatically trigger McCoy new CEO, executive director of Virginia Port Authority The Virginia Port Authority (VPA) Board of Commissioners has selected Sarah J. McCoy as the next chief executive officer of The Port of Virginia. MCoy had served as interim CEO and executive director since January 2026, following the departure of Stephen Edwards. "We spoke to many very capable and experienced leaders inside and outside the maritime industry across the globe" said Board Chairman B FedEx's MD-11 comeback to start with short cargo flight to Miami FedEx Corp. will send technicians to 16 locations around the world to remove wing-mounted engine pylons from 29 grounded MD-11 freighter aircraft and ship them back to heavy maintenance facilities in Indianapolis and Memphis, Tennessee, where redesigned Boeing bearings will be installed to make the planes safe again for commercial service, executives said Wednesday. The repair plan was presented Weaker ocean rates hit Maersk Q1 profit First-quarter profits declined from a year ago, Maersk said, as increased container volumes failed to overcome pressured ocean rates. The world's second-largest box carrier (OTC: AMKBY ) said that logistics and terminal revenue partially offset weaker liner results. Earnings before interest, taxes, depreciation and amortization (EBITDA) slipped to $1.8 billion from $2.7 billion, while operating e First look: RXO optimistic about 2Q after a tough first quarter RXO had the type of rough quarter that might be expected given rising spot freight rates against lower contract numbers, but it foresees a significantly better second quarter. In its earnings released Thursday morning prior to an 8 a.m. EDT conference call, the company said it expected a second-quarter adjusted EBITDA of $27 million to $37 million. That is coming after a first quarter EBITDA numb