New York State bill calls for zero-emission ferries The Clean Ferries Bill (A11303/S10381), now being considered by New York State legislature, calls for publicly funded ferry companies to purchase only zero-emission vessels starting in 2028, and for other public vessels
Vale's ethanol-fueled Guabalmax duo will have WinGD engines Swiss-headquartered engine developer WinGD reports that its first ethanol-fueled X-DF-M/E engines have been ordered for the two 325,000 dwt Guabalmax ore carriers to be built for China's Shandong Shipping Corporation to operate
MTU engines from Rolls-Royce power tugs worldwide Rolls-Royce's MTU engines have now been powering tugs around the world for 20 years, establishing themselves as a trusted brand in the demanding sector with more than 500 MTU engines in service
Damen gets full approval to build methanol-ready fuel flexible ASD tugs Damen Shipyards Group has received class and flag state approval for its ASD Tug 2713 Fuel Flexible (FF) to operate on methanol fuel. Issued by Bureau Veritas and the Netherlands, the approval
Rohlig SUUS Logistics opens subsidiary in Uzbekistan Rohlig SUUS Logistics has opened a new subsidiary in Uzbekistan, strengthening its presence in Central Asia. The new entity is based in Tashkent and provides end-to-end logistics services across the Uzbek market. The company said the expansion reflects the growing importance of Central Asia as businesses seek more resilient and diversified supply chains amid geopolitical uncertainty. The new bran
NX Automotive Logistics USA opens new warehouse in Ohio NX Automotive Logistics USA, Inc. has opened a new warehouse in East Liberty, Ohio, expanding its automotive logistics operations in the US Midwest. The company held a completion ceremony for Warehouse No. 4 on 15 April at its headquarters in Ohio. The new facility offers a total floor area of 16,762m² and will support storage, export packaging and warehouse operations for the automotive sector.
Marshall Islands secures QUALSHIP 21 status for 22nd consecutive year The Republic of the Marshall Islands (RMI) Registry secured United States Coast Guard (USCG) QUALSHIP 21 recognition for the 22nd consecutive year. According to the USCG's 2025 Port State Control Annual Report, the RMI was the only one of the world's three largest registries to achieve QUALSHIP 21 status this year. The registry also remains the only one globally to maintain the recognition for 22
Monacum Partners acquires Everllence's DWE reactor manufacturing business Monacum Partners GmbH has signed an agreement to acquire the DWE reactor and apparatus manufacturing business in Deggendorf from Everllence SE. The transaction follows an investor process launched by Everllence in September 2025 to secure the long-term development of the Deggendorf facility. Under the new ownership structure, DWE aims to strengthen its technological expertise in reactor and appa
AD Ports Group and Borouge explore new export hub on UAE East Coast AD Ports Group and Borouge Plc have signed a partnership agreement to explore the development of an alternative export hub on the UAE East Coast, aiming to strengthen export resilience and improve operational flexibility. Announced on 19 May in Abu Dhabi, the collaboration forms part of Borouge's long-term export strategy and focuses on enhancing continuity across its global logistics operations.
How Fujairah is redrawing the Gulf's trade map Once a contingency asset in the shadow of Jebel Ali, AD Ports' Fujairah complex has become the Gulf's most consequential piece of maritime infrastructure
Waberer's Group reports revenue growth despite challenging market conditions Waberer's Group increased its first-quarter revenue by 6.9% year-on-year to EUR 207.9 million, despite continued pressure on the European logistics sector. The Budapest-listed logistics and insurance provider reported EBIT of EUR 11 million, matching the level recorded a year earlier, while consolidated net profit rose by 2.4% to EUR 7.7 million. The company said rising fuel prices, tensions in t
Iran demands end to naval blockade in talks with US Iran has outlined new conditions for any future agreement with the United States, including the removal of the naval blockade and the lifting of sanctions. Iranian Deputy Foreign Minister Kazem Qaribabadi presented Tehran's position during a briefing to the Iranian Parliament's National Security and Foreign Policy Commission. According to committee spokesperson Ebrahim Rezaei, Iran insists that a
What's behind oil sanctions relief? When Washington suspends its own sanctions architecture to keep global oil moving, it is not making a statement about Russia. It is making a confession about the Strait of Hormuz
Crypto tollbooth: Iran launches Bitcoin maritime insurance for Hormuz The intersection of global shipping and decentralized finance has reached a new turning point. Following months of regional instability, Tehran has launched a crypto-backed maritime insurance platform called Hormuz Safe. The platform operates alongside the newly created Persian Gulf Strait Authority (PGSA), a body linked to Iran's naval forces. Iranian media says the initiative aims to strengthen
Mitsui E&S reports record operating profit Mitsui E&S Co., Ltd. reported strong financial results for the fiscal year ended 31 March 2026, supported by growth across its core marine propulsion and logistics systems businesses. The Japanese engineering group achieved its third consecutive year of revenue and profit growth, driven by a large project backlog, expanding demand for dual-fuel marine engines and improved profitability in its con
Hapag-Lloyd introduces emergency fuel surcharge for Australia rail services Hapag-Lloyd has announced the introduction and adjustment of an Emergency Fuel Surcharge for inland rail and combined rail services in Australia. The carrier said the measure follows continued volatility in international energy markets and rising diesel price fluctuations, which have increased inland transportation and handling costs. The surcharge will apply to import and export inland haulage s
Maersk announces peak season surcharges on multiple trade routes Maersk has announced new Peak Season Surcharges (PSS) affecting several trade lanes connecting Asia with North America, Canada and East Africa. The carrier confirmed the introduction of PSS measures for shipments from Far East Asia to the US West Coast, US East Coast, Canada West Coast and Canada East Coast as part of ongoing adjustments linked to seasonal market conditions. In addition, Maersk a
Why Partnering With a Steel Building Provider in Ontario Is A Smart Construction Strategy Businesses across Ontario are seeking construction approaches that provide strength, efficiency, and value. Steel buildings in Ontario are gaining momentum because they meet these needs with reliability and style. Choosing the right provider is just as important as selecting the material itself. A trusted provider for steel buildings ontario canada , delivers not only the structure but also guida
Getting the Library Shelves You Always Wanted: Choosing from the Best Trends Converting a room into a library of your choice needs a distinct vision and a complete understanding of new-age design trends. It is necessary to consider how various styles affect the overall ambiance of your house and to maintain essential functional storage. New-age trends emphasize a blend of conventional warmth and minimalist aesthetics to create a fully welcoming reading environment. Select
Hapag-Lloyd suspends bookings to and from Cuba Hapag-Lloyd has temporarily suspended the acceptance of new bookings to and from Cuba following the Executive Order issued by the United States on May 1. The carrier said it is currently assessing the situation to determine whether services involving Cuba can continue in the future and under what conditions. Customers with existing bookings or cargo linked to Cuba have been advised to review thei
Shipping alliances carriers and MSC control almost 83% of market Shipping alliances continue to strengthen their dominance across the global container shipping industry, with the latest fleet data showing that alliance carriers together with MSC now control almost 83% of the market. According to the latest figures from Alphaliner , shipping alliances and MSC currently account for approximately 82.9% of global container shipping capacity, compared with 82.5% re
WiseTech Global joins DCSA+ to push container shipping digital standards The Digital Container Shipping Association (DCSA) has welcomed WiseTech Global into its DCSA+ partnership programme, aiming to accelerate the adoption of open digital standards across the container shipping industry. Announced on 19 May in Amsterdam, the partnership brings together one of the world's largest logistics software providers with the organisation leading standardisation efforts in con
Trump delays Iran strike after Gulf leaders push for diplomacy US President Donald Trump said he has delayed a planned attack on Iran after requests from leaders in Saudi Arabia , Qatar and the United Arab Emirates . Trump said the strike had been scheduled for Tuesday. He announced on Truth Social that he would "hold off" because "serious negotiations" are now underway with Tehran. According to Trump, Gulf leaders believe a diplomatic agreement can still be
Diana Shipping and Genco clash over $23.50-Per-Share takeover bid A major takeover battle is unfolding between Diana Shipping and Genco Shipping & Trading. Both companies are actively campaigning for shareholder support. The conflict escalated after Genco's board unanimously rejected Diana Shipping's unsolicited tender offer of $23.50 per share in cash. Diana is currently Genco's largest shareholder. Genco said the offer remains unchanged from a proposal submit
Montreal Port Authority appoints President and Chief Executive Officer The Montreal Port Authority has announced the appointment of Paul Bird as President and Chief Executive Officer, effective June 8, 2026. Bird most recently served as the MPA's Chief Commercial Officer until March 2026 and brings six years of accumulated experience at the Port of Montreal to the role. The appointment comes at a pivotal moment for the organisation, marked by the securing of a CAD 1
Bahrain steps into large-scale ship recycling through ASRY venture with India's Priya Blue Bahrain has moved deeper into the global ship recycling market after Arab Shipbuilding and Repair Yard Company (ASRY) and India's Priya Blue Group formally launched their joint venture with the arrival of the first vessel for dismantling at the Gulf yard. The partnership brings together Bahrain-based ASRY's repair and fabrication infrastructure with Priya Blue's long-established ...
Zodiac doubles down on car carrier sector with new China order Eyal Ofer's Zodiac Maritime has strengthened its position in the car carrier sector with a fresh order for two LNG dual-fuel car carriers in China. The London-based shipowner has contracted the 7,000 ceu vessels at its long-term partner yard Yantai CIMC Raffles for delivery in 2028. The latest deal adds to one of the industry's ...
CMB.TECH pockets $29m gain from veteran suezmax disposal CMB.TECH is continuing to cash in on strong tanker asset values, with the Belgian owner securing a sizeable profit from the sale of one of the oldest vessels in its suezmax fleet. The Saverys family-controlled group said it expects to book a capital gain of $29.2m from the disposal of a 2007-built Sienna scheduled for ...
Safe Bulkers trims ageing fleet with two-vessel sale Greek dry bulk owner Safe Bulkers has moved to further streamline its fleet with the sale of two older vessels as the New York-listed owner continues a broad renewal drive. The company said it has agreed to sell the 2006-built post-panamax Xenia for $13m and the 2008-built kamsarmax Pedhoulas Commander for $14.7m. Both Japanese-built vessels ...
Strategic Marine lands order for two new CTVs from Mainprize Offshore Singapore-based shipbuilder Strategic Marine has signed shipbuilding contracts with Mainprize Offshore for two new 33 m Supa Swath crew transfer vessels (CTVs). The new order increases the number of Supa Swath vessels delivered and ordered to Mainprize Offshore to 10. Designed by Walker Marine Design, the new 33 m CTV builds on the 26m Supa ...
Aristides Pittas grows dry bulk bet with Chinese newbuilds Aristides Pittas is pressing ahead with another round of dry bulk fleet expansion in China, as companies linked to the Greek owner continue to build out their newbuilding exposure in the kamsarmax segment. China's Hengli Heavy Industries said the Pittas family-controlled Eurobulk has expanded its kamsarmax programme at the yard to four vessels after signing ...
Tanker orders on a path to the highest annual totals on record The capacity surge is coming for the tanker sector with new research suggesting 2026 is on track to see the highest amount of tanker newbuild orders on record. The first four and a half months of the year already represent the fifth highest total amount of tanker orders this millennium according to investment bank Evercore ...
EU ready to crack down on Irish shipments of alumina being sent to Russia The European Commission is preparing to restrict access to goods that Russia could use to make military equipment, such as Irish-produced alumina, that may be indirectly feeding the Russian war machine. An investigation, carried out by The Irish Times in collaboration with the Organised Crime and Corruption Reporting Project, found that the Aughinish Alumina plant has been ...
WinGD pushes alternative fuel race forward with ethanol engine debut WinGD has secured the world's first orders for ethanol-fuelled engines designed for ocean-going vessels, marking another step in shipping's search for lower-emission fuel options. The Swiss engine designer said its new ethanol-fuelled X-DF-M/E engines will power two Guaibamax ore carriers being built in China for Shandong Shipping Corporation under long-term charter to Brazilian mining giant ...
Five questions worth asking about your AI foundation As maritime companies rush to deploy artificial intelligence across chartering, operations, compliance and commercial workflows, a new report from Veson Nautical argues that the industry's real challenge is no longer whether to invest in AI, but whether the underlying foundations are strong enough to support it. The report, Maritime AI Foundation, frames the issue around ...
Thenamaris signs up for LR2 tonnage at Hengli Thenamaris has moved ahead with another round of tanker fleet renewal, booking three LR2 newbuildings at Hengli Heavy Industries as the Greek owner continues to expand its presence in the product tanker segment. The Chinese shipbuilder disclosed the deal through social media, although no pricing or delivery dates were revealed. The latest order adds to ...
The race to redraw the Middle East's trade map accelerates With no end in sight to the Hormuz shipping crisis, governments and corporates across the Middle East and beyond are accelerating a fundamental redrawing of global trade corridors, as the International Energy Agency warns the disruption has already surpassed the oil shocks of the 1970s in scale. The latest move came on Tuesday, when AD ...
US Air Force eyes defunct offshore platforms as rocket recovery hubs The US Air Force has unveiled Project Able Baker, a plan to convert decommissioned offshore oil platforms into sea-based recovery stations for reusable rocket boosters. The concept is laid out in a solicitation under the Small Business Innovation Research (SBIR) programme and aims to reduce the cost and complexity of recovering rockets and giving defunct ...
GEFO picks up gas tanker fleet from Swiss operator Unigas German owner GEFO is expanding its inland gas tanker business through the acquisition of the gas shipping activities of Unigas Shipping Swiss in a deal covering seven vessels. The Hamburg-based owner said the transaction, structured as an asset deal, is expected to close in June or July 2026. The package includes three operational gas tankers ...
NextEra and Dominion Energy to create $400bn utility firm The developer of the largest offshore wind farm in the US, Dominion Energy, has entered into a definitive agreement to combine with NextEra Energy in an all-stock transaction. Dominion Energy shareholders will receive a fixed exchange ratio of 0.8138 shares of NextEra Energy for each share of Dominion Energy they own at the close of ...
Shearwater lands UK OBN acquisition contract Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded an ocean bottom node (OBN) seismic acquisition project for the Jackdaw field in the UK sector of the North Sea. The contract was awarded by Adura, the new UK-based joint venture between Shell and Equinor. The two-month survey will deliver high-resolution OBN data to support ...
How maritime education must evolve to close the seafarer gap Dogukan Simsek from AVS Global Ship Supply writes for Splash today. The global shipping industry is facing a widening disconnect. At a time when maritime trade remains the backbone of the global economy, the workforce needed to sustain it is becoming increasingly difficult to secure. The shortage of qualified seafarers is no longer a future ...
Adani unit to pay $275m to settle US sanctions probe over LPG imports Adani Enterprises Limited has agreed to pay $275m to settle a US government investigation into alleged violations of American sanctions against Iran, the Treasury Department announced on Monday. The Office of Foreign Assets Control (OFAC) said the settlement covers 32 apparent violations linked to AEL's purchases of liquefied petroleum gas between November 2023 and June ...
Russia scores more Hormuz upside with yet another US sanctions pass As the Hormuz crisis drags on, the US has issued a third sanctions waiver on Russian oil exports. The main...
One in every six Strait of Hormuz transits is fraudulently flagged One in six vessels transiting the Strait of Hormuz since March 1 has been flying a fraudulent flag
Why Europe's shortsea fleet just keeps getting older Forty is the new 20 in the unusual world of Europe's gearless coasters, according to niche market specialist Sea3R
Sweden makes further shadow fleet arrest and Norway joins Baltic strategy group Tanker was first boarded by the Swedish coastguard in March 2026 after it was suspected the vessel was falsely flagged
Surging war risk premiums sparks allocation talks between owners and charterers The war in Iran has significantly driven up maritime war risk insurance, setting the stage for discussions over how to...
SIGCo slams US government 'coercion' after $40m OPA90 claim in zero-pollution casualty Subjective opinion of US Coast Guard officer not enough to meet legal threshold for 'serious threat' of oil spill
CMB.Tech cashes in on 'red-hot' tanker market Sky-high tanker rates and vessel sales have seen CMB.Tech cash in on a very healthy tanker market, as chief executive...
Zodiac Maritime returns to Chinese yard for more panamax vehicle carriers Latest newbuilding contract extends Zodiac Maritime's fleet renewal strategy, following big orders last year for new containerships and tankers
Third US waiver set to further open Russian oil market to mainstream buyers US sanctions waivers are drawing mainstream buyers like Japan back to Russian oil, reshaping trade flows as China retreats and...
Middle East port update: Tuesday, May 19 Automatic Identification System should be switched on as normal at Ras Laffan Terminal
The Daily View: Enforcement chain erosion
Daily Briefing Adani Enterprises settles alleged sanctions violations for $275m | VLCCs are once again outperforming aframaxes and product tankers | Iran...
US ports outline spending goals in push to reshore crane making Port and terminal operators are looking to spend $6.7 billion over the next five years to install cranes and other equipment, an industry survey shows, as Washington is asked to help reshore manufacturing.
Bankruptcy court approves STG Logistics' exit from Chapter 11 But court filings show that even after restructuring, the company is likely to operate with thin margins and a relatively modest cash cushion.
WiseTech joins partner program of container shipping digital standards group The largest forwarding software provider globally adds heft to DCSA's push to drive electronic standards in the ocean freight industry. The largest forwarding software provider globally adds heft to DCSA's push to drive electronic standards in the ocean freight industry.
Senate approves Kloster for seat on Surface Transportation Board Richard Kloster joins the STB at an important time for the agency as it reviews the proposed $85 billion merger of Union Pacific and Norfolk Southern, which would be the largest US rail transaction in nearly three decades.
Ocean carriers face growing order book nearing 40% of in-service fleet Yet liner executives insist that much of the surplus tonnage can be absorbed by a combination of vessel management, trade imbalances, increased scrapping, and the ongoing effects of geopolitical disruptions.
US seizes Iran-linked VLCC and sanctions raft of ships in Economic Fury campaign Fresh blacklistings target 11 tankers and eight LPG carriers
'Everything's pricey': CMB.Tech more likely to sell ships, says CEO Alexander Saverys Belgian boss explains how his company is dealing with rampant shipping inflation
American Steel: How Kirby became an $8bn tank-barge titan In this week's newsletter, we explore how Houston-headquartered barge company became worth more than any other cargo-carrying marine transportation peer listed on New York's stock exchanges. We also look at institutional investors' changing stakes in Jones Act shipowners and one Republican lawmaker's opposition to the waiver of the US cabotage law.
Ocean Yield books profitable quarter after new orders and bond sale Sale-and-leaseback firm has a diverse fleet of 70 vessels on charter to major counterparties
Gulf of Oman VLCC assessment in spotlight as Hormuz crisis drags on Baltic Exchange's Gulf of Oman to China route has fallen since its trial run began in March
Heidmar adds five tankers to managed fleet at 'pivotal' moment for sector Pankaj Khanna-controlled company agrees deals for three suezmaxes, a VLCC and an MR vessel
'Everything's pricey': CMB.Tech more likely to sell ships, says CEO Alexander Saverys Belgian boss explains how his company is dealing with rampant shipping inflation
Swire Bulk assessing wind solution for Drax-chartered vessel Shipowner is assessing hard wing sail from tech firm Smart Green Shipping
South Korea mulls Venezuelan crude to replace Middle Eastern supplies Seoul previously sourced Iraqi and Kuwaiti barrels
Vitol moves for Frontline and Sinokor VLCCs as term rates ride high Deals could be a hedge against freight spike if Strait of Hormuz reopens
WinGD nets world-first order for ethanol-powered engines in VLOC newbuilding deal Swiss group says two large bulkers will be fitted with pioneering propulsion system
Shipbroker BRS names new head of dry cargo Head of Dubai office has been promoted to the role
Bureau Veritas boosts shipping team with former Aramco executive Steven Grotsky comes in as head of sales to increase revenue
Boskalis orders new cable-layer to meet growing offshore energy demand Dutch owner invests in ship for delivery in 2029
Chinese bulker put up for auction by Nigerian High Court Bidders have 21 days to lodge offer for former SFL supramax
Tech company turns shipowner to prove its system is a winner with newbuildings VECS promises huge commercial benefits for VLGCs with more backhaul cargo potential
LNG steamer offered for sale as four sisterships redeliver from long-term charters New lives beckon for former Equinor quartet as another is committed for sale and two laid up
'We like volatile': SwissMarine founder sees opportunities, not risks Bulker company's chair says that seaborne coal trade is still active but below the peak
Thenamaris and Eurobulk order tankers and bulk carriers at Hengli Heavy Industry The Greek shipping companies have ordered LR2 and kamsarmax bulkers worth close to $300m
Indian giant joins with ASRY in Bahrain to create Middle East's biggest ship recycling yard Priya Blue positions itself as a global player with operations outside of South Asia
Green Seas: What just happened at an old Colombian coal port could impact shipping's climate talks Can diplomatic talks of a new fossil fuel treaty influence IMO net-zero stalemate?
Gautam Adani company pays $275m to settle US-Iran sanctions probe LPG tankers spoofed locations with sanctioned Iranian gas documented as Iraqi and Oman cargoes, says US
Thenamaris and Eurobulk orders tankers and bulk carriers at Hengli Heavy Industry The Greek shipping companies have ordered LR2 and kamsarmax bulkers worth close to $300m
Karpowership set to deploy powership-FSRU combo for new Mexican project Floating power supplier moves into new territory as it grows Americas presence
Maersk unit leads offshore power station trials after winning €5m award Consortium is setting up a project in Danish bunkering hub
Ibaizabal Tankers ends decade-long suezmax order drought with Hengli deal Owner is said to have contracted the Dalian yard for newbuildings
Pyxis Tankers eyes lucrative charter renewals and scours secondhand market Greek owner has one vessel remaining beyond the Strait of Hormuz
Boskalis orders new cable-layer to meet growing offshore energy demand Dutch owner investing in ship for delivery in 2029
New Blystad and Troim wellboat venture raises $60m Pelican Aqua targets Oslo listing in June
Safe Bulkers raises $27.7m from sale of veteran pair Company has no more kamsarmaxes built earlier than 2017
Saverys hails 'Goldilocks' moment for shipping as CMB.Tech fixes trio of suezmaxes Owner says momentum will be used to bolster the balance sheet
CMB.Tech banking $29m gain from sale of 19-year-old tanker Disposal of suezmax Sienna confirmed by Belgian owner
China slaps fines on liner companies for under-declaring freight rates Violations included failure to complete filing procedures
Indian recycling giant joins with ASRY in Bahrain to create Middle East's biggest ship recycling yard Bahrain is not an experiment - it is a deliberate expansion of a proven operation, says Priya Blue's Sanjay Mehta
Iranian oil being hauled on ships falsely flying flag of landlocked African country List includes a VLCC boarded by US marines in the Indian Ocean over sanctions breaches
BNSF ops chief out after just five months BNSF Railway has promoted Craig Morehouse to executive vice president and chief operations officer, replacing Matt Garland, who stepped down to pursue another opportunity after spending five months as the railroad's top operating official. "We thank Matt for his leadership and contributions to BNSF over the course of his career," Chief Executive Katie Farmer said. Garland, who began his career at
$217 Million Just Hit the Table for Trucking Safety and CDL Development - Here's Who Can Apply and What It Means for Your Operation On Monday, May 18, U.S. Transportation Secretary Sean P. Duffy announced that FMCSA is deploying $217 million across four grant programs targeting trucking safety enforcement, CDL program modernization, technology deployment at roadside inspections, and career training for military veterans entering the trucking industry. This is not a future commitment. Applications are open right now. The deadl
Benchmark diesel down, futures market starts to tick upward The benchmark price of diesel used for most fuel surcharges fell for the second straight week against a backdrop of relative overall stability in futures prices even as intra-day swings can be volatile. The Department of Energy/Energy Information Administration average weekly retail diesel price fell 4.3 cents/gallon to $5.596/g. It's the second consecutive weekly decline, though the prior week's
Same Repair. Same Truck. Higher Invoice. Here Is the Number Behind What You Are Paying at the Parts Counter Right Now On October 17, 2025, President Trump signed a proclamation under Section 232 of the Trade Expansion Act of 1962 , imposing a 25% tariff on imported medium and heavy-duty trucks and truck parts - Class 3 through Class 8 vehicles, engines, transmissions, tires, chassis components. It took effect November 1. For USMCA-compliant parts out of Mexico and Canada, the tariff applies only to the non-U.S.
13,273 Trucks Got Parked During Blitz Week. If Your Violation Is Wrong, You Have a Real Way to Fight It The 2026 CVSA International Roadcheck ran May 12 through 14 - but enforcement didn't stop there. Blitz week ran May 10 through 17, and by the time it closed out, the numbers were more significant than what the three-day event alone produced: 38,926 inspections. 69,446 violations. 13,273 out-of-service orders. 25,008 carriers inspected. What a lot of operators still haven't heard is that a signifi
Maersk back in the Red Sea: Drewry More and larger container vessels marked a 10-week high for transits on the contested Suez Canal-Red Sea route, according to Drewry. Containership transits via the Suez Canal and Red Sea reached a 10-week high for the week ending May 17, said shipping consultant Drewry. Containerships sailing via the Suez Canal totaled 22 in the week ended May 10 May, and 32 for the week ended May 17 May, reachin
Bankruptcy court approves STG Logistics reorganization plan STG Logistics said Monday that its reorganization plan was approved by a federal bankruptcy court in New Jersey. In addition to providing fresh capital and reducing the intermodal marketing company's debt burden, the deal settles legal disputes with its minority lenders. The Dublin, Ohio-based company entered a pre-packaged Chapter 11 agreement in January. Under the recapitalization plan, STG cou
Roadcheck Week, Supreme Court ruling tighten US freight capacity The domestic freight market is showing renewed signs of tightening as trucking companies navigate rising enforcement activity, volatile diesel prices, broker liability concerns and the start of the summer shipping season. Ken Adamo, who recently joined EASE Logistics as chief strategy officer, said Roadcheck Week enforcement activity last week pushed spot rates higher and heightened shipper conce
Is peak season here? Trans-Pacific rates level in latest week While the Strait of Hormuz remains closed, peak-season demand is expected to further boost ocean freight rates from a baseline elevated by fuel and capacity concerns. Shipping platform Freightos (NASDAQ: CRGO ) analyst Judah Levine said rates on the benchmark trans-Pacific trade routes have climbed about $1,000 per forty foot equivalent unit (FEU) since the start of the Iran war in late February
Target names former Walmart executive as chief supply chain officer Target Corp. on Tuesday announced it has hired Jeff England, who worked 18 years at Walmart, to be its chief global supply chain and logistics officer, effective May 31. The nation's eighth largest retailer said continuing to build its supply chain capabilities is instrumental for the next phase of growth. "Guests come to Target for great style, design and value - and they trust we'll be in stock
Carrier vetting 101. Spoiler: It's not about safety Since the Supreme Court handed down Montgomery v. Caribe Transport on May 14, I have not been able to get through a phone call, a deposition prep, or a LinkedIn thread without somebody asking me the same question. What makes a carrier safe? If we cannot just lean on FMCSA's SAFER snapshot anymore, what is the objective standard? I understand why everybody is asking it. It's the wrong question. He
SCOTUS broker liability ruling a tailwind for Samsara's safety platform Just five days after the U.S. Supreme Court's unanimous ruling in Montgomery v. Caribe Transport II, LLC, the pivotal case is already understood by Samsara ( NYSE: IOT ) as a significant tailwind for the fleet telematics and safety technology giant. In an interview with FreightWaves, Samsara's VP of Product Arpan Podduturi described the May 14 decision as ushering in "the start of a new chapter
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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