Iran seizes containerships in Strait of Hormuz As the status of any possible negotiations between the U.S. and Iran remains unclear, the already tense situation in the Strait of Hormuz is getting more so -with UKMTO noting three incidents
Port Houston handled 1,087,870 TEU of containers in first quarter 2026 Port Houston reports that it handled more than one million twenty-foot equivalent units (TEU) of containers in the first quarter of 2026, reaching 1,087,870 TEU, up 2% over 2025's record-breaking year. Total
HD Hyundai Heavy wins Swedish icebreaker contract In a first for a Korean shipyard, HD Hyundai Heavy Industries has booked an export order for an icebreaker. It has signed a $349 million contract with the Swedish Maritime Administration covering
Under new majority ownership, Bourbon announces $180M fleet expansion Out of restructuring and with funds managed by affiliates of Davidson Kempner Capital and Fortress Investment Group now its majority shareholders, Marseille-headquartered offshore services major Bourbon today announced a major expansion of
Accelleron's new ACCX300-L low speed turbocharger now market-ready Accelleron has announced the commercial launch of the ACCX300-L, its next-generation low-speed turbocharger for two-stroke marine engines. Designed to help shipowners adapt to evolving operating profiles, fuels, and emissions requirements, it combines
UNCTAD and Singapore partner to drive sustainable maritime transition The United Nations Conference on Trade and Development (UNCTAD) and the Maritime and Port Authority of Singapore (MPA) have launched a new partnership aimed at accelerating the shift toward more sustainable, resilient and inclusive global maritime transport. Ports play a critical role in global trade and economic development, handling more than 80% of worldwide trade volumes. However, they remain
Port of Oakland March volumes rebound The Port of Oakland handled 198,667 TEUs in March 2026, a significant recovery from the 163,254 TEUs recorded in February, as vessel call activity normalised following the Lunar New Year slowdown. The port received 86 vessel calls during the month, up from 72 in February, driving the improvement in overall container throughput. March trade flows were notably balanced, with imports reaching 99,091
CMA CGM adjusts BAF on France-Tunisia ro-ro service CMA CGM has announced a revision of its Bunker Adjustment Factor (BAF) on the ro-ro South service connecting France with Tunisia, in response to recent developments in bunker fuel prices. The updated surcharge, which applies to both import and export cargo, will come into effect on May 1, 2026. Under the new structure, the BAF for full rolling units will be set at EUR 649 per unit, while empty ro
Freightos Weekly Update: Asia -Europe ocean rates slide despite Hormuz pressure Iran's announcement that the Strait of Hormuz was open on Friday - followed shortly thereafter with statements that it was closed - led to a brief rush for the exit and many u-turns. Subsequent attacks on vessels in the region as well as US blockade forces taking control of an Iranian cargo ship have meant no real change in the status quo, with the ceasefire expiration approaching and US-Iran neg
PhilaPort appoints new Executive Director and CEO The PhilaPort Board of Directors has appointed Rich Lazer as the port's next Executive Director and Chief Executive Officer, with his tenure expected to begin on June 1, 2026. Lazer succeeds Jeff Theobald, who announced his retirement in December after a decade of leadership that transformed PhilaPort into one of America's fastest-growing ports. Lazer currently serves as Executive Director of the
Hapag-Lloyd to suspend Red Sea Services JD2 and JD3 Hapag-Lloyd has announced the temporary suspension of its JD2 and JD3 services, effective May 10, 2026 . This decision is part of ongoing network adjustments in the Red Sea aimed at consolidating capacity and maintaining operational stability in the region. Service Impacts Suspended Services: JD2 and JD3 will cease operations until further notice. Continued Coverage: The JD1 and SE4 services will
IACI posts first increase in two weeks Drewry's Intra-Asia Container Index (IACI) recorded its first weekly increase in two weeks, rising by 4% in the third week of April to reach $870 per FEU. On an annual basis, the index remains significantly higher, up 23% compared to the same period last year. The latest data reflects a mixed picture across key intra-Asia trade routes. Spot rates from Busan to Shanghai remained unchanged at $53 p
Nippon Express Holdings to acquire Metro Supply Chain Group Nippon Express Holdings has reached an agreement to acquire all shares of Metro Supply Chain Group Inc., marking the largest acquisition in the company's history. The deal, formalized through a share purchase agreement signed on April 17, 2026, values Metro Supply Chain Group at CAD 1.8 billion (approximately ¥207.0 billion) on an enterprise value basis. The agreement also includes a potential ea
How the Hormuz crisis rewired container shipping The conflict in the Middle East has not merely disrupted the container industry's routing architecture it has dismantled it
Bureau Veritas reports steady Q1 growth Bureau Veritas reported revenue of EUR 1,547.0 million for the first quarter (Q1) of 2026, representing organic growth of 4.5%, while overall revenue declined slightly by 0.8% year-on-year due to currency headwinds. The group delivered strong performance in its Marine & Offshore division, which grew by 11.2%, alongside Buildings & Infrastructure at 7.3%. Moderate growth was recorded across Consum
Vancouver Fraser Port Authority and GCT explore partnership for Roberts Bank Terminal 2 The Vancouver Fraser Port Authority and GCT Global Container Terminals have entered into a Memorandum of Understanding to explore a partnership for the development and operation of Roberts Bank Terminal 2 at the Port of Vancouver, supported by the Major Projects Office. The parties will work collaboratively over a one-year exclusive period to share information and negotiate toward a Joint Develop
Container ship hit by gunfire off Oman coast A container vessel linked to Greek interests came under fire while sailing near the coast of Oman, raising fresh concerns over maritime security in the region. The incident occurred approximately 15 nautical miles off the Omani coastline, when the Liberia-flagged container ship EPAMINONDAS (IMO 9153862) was approached by an armed vessel. According to maritime security sources, the ship is owned b
MPA and PSA Singapore develop autonomous container feeder operations The Maritime and Port Authority of Singapore and PSA Singapore have launched an Expression of Interest seeking proposals to develop and test autonomous inter-gateway container feeder vessel operations within the Port of Singapore. The initiative targets the movement of containers between terminals, such as between the Tuas and Pasir Panjang facilities, a function that plays a critical role in dai
Cargo theft remains major global supply chain risk Cargo theft continues to disrupt global supply chains, with criminals using more advanced methods and targeting high-value goods, according to a new report by TT Club and BSI Consulting . The 2025 Cargo Theft Report shows that theft is not declining. Instead, it is becoming more organised, more targeted, and harder to detect. Global hotspots and key data Cargo theft remains concentrated in major
Mitsui O.S.K. Lines installs Wind Challenger on In-Service Coal Carrier for J-Power Mitsui O.S.K. Lines (MOL) and J-Power have installed the Wind Challenger hard-sail propulsion system on the coal carrier Kurotakisan Maru III . This marks the world's first retrofit of the system on a vessel already in service. The ship arrived at Tachibanawan Thermal Power Station on April 13 and at Ishikawa Coal-Fired Power Station on April 17. The Wind Challenger uses telescoping hard sails to
Cool Carriers Chile reports strong summer season Cool Carriers has reported solid operational performance from its Chilean subsidiary for the 2025/26 summer season, despite a decline in demand for imported fruit in the United States. During the period from October 1, 2025 to March 31, 2026, Cool Carriers Chile transported a total of 260,000 pallets of cherries, blueberries, grapes and stone fruit to the US market. The company operates dedicated
Iran seizes two boxships after fresh attacks in Strait of Hormuz Fresh tensions in the Strait of Hormuz spilled over into direct action on Wednesday after Iran's Islamic Revolutionary Guard Corps (IRGC) targeted three containerships, firing on them and detaining two. According to multiple maritime security reports, three boxships came under attack while transiting the strategic waterway linking the Gulf to global markets. Two of the ...
Vietnam Ocean Shipping expands product tanker fleet with South Korea newbuilds Vietnam Ocean Shipping (VOSCO) has moved further into the tanker segment, lining up a pair of MR product tanker newbuildings in South Korea as part of its ongoing fleet renewal push. Shipbuilding sources said the Haiphong-based owner has contracted two 50,000 dwt vessels at K Shipbuilding, with pricing understood to be around $52m per unit. ...
Bourbon adds 13 vessels in $180m fleet push France's Bourbon has moved quickly to expand its offshore fleet, adding 13 vessels since the start of the year in a push worth more than $180m. The offshore vessel owner said the expansion has been driven by targeted acquisitions, reactivations and a newbuild delivery, as it looks to capture improving demand across key offshore markets. ...
DeepOcean lands Taiwan wind cable job DeepOcean has picked up a cable installation support contract on Taiwan's TPC offshore wind farm phase two, marking another step in its expansion into the Asia-Pacific renewables market. The ocean services provider will handle installation of inter-array cables linking turbines to offshore substations, alongside engineering and project management work. Operations will be carried out with ...
Tanker stocks face covid-style reckoning Tanker equities are once again flashing warning signs of a sharp reversal, with one of Wall Street's top tanker analysts drawing parallels to the dramatic "buy the rumour, sell the news" croaking unwind seen during the covid-era floating storage boom. According to Jonathan Chappell at Evercore ISI, investor enthusiasm has surged to levels not seen ...
Nicaragua and Equatorial Guinea emerge as latest homes for sprawling shadow fleet Nicaragua and Equatorial Guinea have been flagged by maritime AI firm Windward as new registers to have recently emerged, taking on shadow tonnage. "False flagging remains one of shipping's most pressing regulatory concerns," Windward stated in a recent report. The International Maritime Organization (IMO) database listed 550 falsely flagged ships at the end of Q1, ...
Valeura Energy charters jackup for Thailand drilling campaign Canada-based Valeura Energy has chartered a jackup drilling rig for operations in the Gulf of Thailand. The company chartered the 2007-built jackup Shelf Drilling Enterprise, owned by a subsidiary of Saudi driller ADES, for a three-year term ending on December 31, 2029. No financial details were revealed. Valeura has an option regarding the start date ...
AI watchkeeper put through paces in Mediterranean trial British class society Lloyd's Register has taken a closer look at AI-assisted navigation, completing a live vessel trial of Orca AI's computer vision platform on a feeder containership operating in busy Mediterranean waters. The five-day assessment focused on how AI can support bridge teams in real conditions, particularly when visibility is poor or traffic is ...
Engie follows TotalEnergies in seeking US offshore wind lease compensation French energy group Engie is in discussions with US officials about reimbursement for its offshore wind leases in US waters, as the Trump administration pushes back against the sector. Engie CEO Catherine MacGregor confirmed this week that the company was exploring options to cancel three of its offshore lease-holding positions through its 50-50 joint venture ...
Gunfire and gridlock choke Hormuz The shadow of the 1970s oil embargo has returned to haunt the global economy, but with a modern, more violent twist. In the latest escalation, a Liberia-flagged containership has been left with heavy damage to the bridge after being subjected to gunfire from an Iranian Revolutionary Guard Corps (IRGC) boat. The attack occurred 15 nautical ...
Saipem starts preliminary work on ExxonMobil project in Guyana Italian energy services contractor Saipem has been awarded a new limited notice to proceed worth around $150m by ExxonMobil for work on the Longtail project offshore Guyana. The limited notice to proceed allows Saipem to commence preliminary detailed engineering and procurement activities of the subsea structures, umbilicals, risers, and flowlines (SURF) system. Execution of the ...
Accelleron unveils turbocharger aimed at breaking drydock dependency Swiss engineering firm Accelleron has commercially launched its next-generation ACCX300-L turbocharger, targeting greater flexibility, efficiency and uptime for two-stroke marine engines. Designed for increasingly volatile operating conditions, the ACCX300-L moves beyond incremental gains, combining a simplified platform, integrated digital tools and a new service model intended to reshape lifecy
JP Morgan tipped for $500m VLCC move at DSIC US banking giant JP Morgan is being linked to a fresh push into crude shipping, with multiple brokers pointing to a VLCC newbuilding order worth around $500m at China's Dalian Shipbuilding Industry Co (DSIC). Market sources say a JP Morgan-backed shipowning platform has signed for two 307,000 dwt newbuilds, with options for two more, at ...
Geneva Dry Dialogues: Hempel As delegates descend on Switzerland for Geneva Dry next week, the air is thick with anticipation-and a fair amount of regulatory uncertainty. While the high-level panel on decarbonisation, moderated by the World Economic Forum, prepares to tackle the industry's macroscopic challenges, Yigit Demirel has a more immediate message for the dry bulk sector: don't ignore ...
Akkon set to become Turkey's largest liner Turkish carrier Akkon Lines is poised to become the country's largest containerline, capping a remarkable rise in just eight years since its founding, according to Alphaliner. The Istanbul-headquartered company is on the verge of overtaking long-time market leader Arkas Line following the addition of the newly delivered 3,316 teu Ou Sheng, a chartered vessel that ...
USA Shipbuilding Coalition formed A broad alliance of US labour groups and shipbuilding employers has launched a fresh push in Washington to revive domestic ship construction, forming a new coalition to back the long-stalled SHIPS for America Act. The newly created USA Shipbuilding Coalition brings together unions, shipyards and industry stakeholders in a coordinated lobbying effort aimed at restoring ...
The overlooked factor shaping safety, retention and crew wellbeing Gisa Paredes from WellAtSea writes about self-leadership onboard. The maritime sector is no stranger to conversations about safety, fatigue and retention. Yet one critical factor continues to receive far less attention than it deserves: the ability to lead ourselves. In an industry defined by isolation, long contracts and high operational pressure, self-leadership is not a ...
GE Vernova forced to continue work on US offshore wind farm amid dispute A Massachusetts judge has issued a preliminary injunction ordering GE Vernova to remain engaged on the Vineyard Wind offshore wind farm, pointing out the legal limits on contractor exits once major projects reach advanced operational stages. Suffolk County superior court judge Peter Krupp barred GE Renewables US, a GE Vernova unit, from terminating its $1.3bn ...
California ruling halts offshore pipeline restart despite federal push A California judge has ruled that Sable Offshore Corp. cannot resume operations on its coastal pipeline without state permits, rejecting the company's argument that a federal executive order trumps an existing state-level injunction. Santa Barbara superior court judge Donna Geck said the existing court order enforcing California pipeline regulations remains in force, even after US ...
Shadow fleet tankers disrupted, but not completely deterred by US blockade on Iran A number of Iran-linked shadow fleet tankers are diverting or pausing voyages, but at least 10 traceable via their Automatic...
Does shipping get a good deal when it comes to finance? Lloyd's List looks to answer as many of your questions about ship finance as possible in 30 minutes, with insights...
Containership methanol retrofits advance as Cosco concludes four-vessel project Maersk completed the first methanol-fuel retrofit in 2024, while both CMA CGM and Hapag-Lloyd are also undertaking similar conversion projects
Shipping braces for prolonged turmoil as Hormuz crisis fuels inflation and supply strain Global shipping is braced for prolonged disruption as the Hormuz crisis tightens energy supplies, fuels inflation and exposes deep vulnerabilities...
Between rules and orders: shipping's compliance dilemma in a fractured world Shipping's compliance landscape is fracturing under geopolitical pressure, with waivers, blockades and seizures creating a minefield where even well-intentioned decisions...
Middle East port update: Wednesday, April 22 In Bahrain, crew changes are not feasible as the airspace remains closed
Iran claims seizure of two MSC-operated boxships while transiting the Strait of Hormuz Iran's Islamic Revolutionary Guard Corps Navy says its has seized two MSC-affiliated containerships and fired on a third vessel in...
Mental health crisis brewing among seafarers stranded in Middle East Gulf Seafarers' families ashore are also experiencing heightened anxiety due to limited communication and uncertainty
Shipping trade bodies stick by net zero ambition ahead of MEPC84 ICS, BIMCO, the World Shipping Council, Intertanko, Intercargo, Interferry and the Cruise Lines International Association say they are committed to...
IMO issues due diligence guidelines to counter false flag explosion Falsely flagged vessels have risen sharply, with IMO data showing over 500 cases in the past year compared with 220...
The Daily View: No simple choices any longer
Daily Briefing Non-Iranian traffic through Hormuz hits post-war high as dark transits surge | US stresses effectiveness of blockade based on impact...
Breakbulk26: Trade lane shifts, policy changes among evolving challenges for breakbulk cargo From tariffs to weather to labor shortages, the breakbulk industry has been forced to navigate a series of hurdles of late.
Carriers' handling of fuel surcharges agitates small, midsize trans-Pac shippers The varied strategies employed by ocean carriers to manage war-driven volatility in bunker fuel prices are delaying the completion of some 2026-27 service contract negotiations as the key May 1 date looms.
Breakbulk26: Loss of Persian Gulf oil supplies difficult to replace quickly A prolonged war would ultimately result in a shift from supply constraint to demand destruction for oil and natural gas coming from the Middle East, according to S&P Global Energy expert Amy Groeschel.
Breakbulk26: Shippers urged to pivot from typical view of tariffs, trade compliance Tariff refunds might be available for many breakbulk companies, but they still need to prepare for the possibility of new levies, conference attendees were told.
Breakbulk26: Repeated global crises force carriers to adopt strategies for uncertainty An endless string of post-COVID disruptions has caused breakbulk and project cargo carriers to become more agile while breaking down old barriers with shippers.
Carriers' handling of fuel surcharges agitates small, mid-size trans-Pac shippers The varied strategies employed by ocean carriers to manage war-driven volatility in bunker fuel prices are delaying the completion of some 2026-27 service contract negotiations as the key May 1 date looms.
'Why not ethanol?' Vale looks to extend new fuel across orderbook Head of shipping Rodrigo Bermelho says decarbonisation is a long-term, irreversible trend
Tanker stocks pare worse losses but still stumble on winning day for US markets Other shipping sectors turn green, but only Ardmore Shipping and Scorpio add value in tanker group
MSC-operated ship heading to Iran as owner confirms armed forces boarding Incident was one of up to three attacks by Iran on shipping in the Strait of Hormuz
Greek ship heading to Iran as owner confirms armed forces boarding Incident was one of up to three attacks by Iran on shipping in the Strait of Hormuz
US claims more than 40 tankers have taken advantage of Jones Act waiver as Trump mulls extension MARAD data shows Stena Bulk, Hafnia and Torm among vessel operators moving waived cargoes
Chevron's insurers refused $57m payout in Iranian 'war' dispute Insurers claim 2024 seizure of crude by Iranian commandos was not covered by war risk policy
'One-two punch': Tanker owners look to earnings season giddy and uncertain This week's Streetwise previews first-quarter results for tanker players and what might be to come
Odfjell consolidating orderbook as it takes control of four super-segregators Norwegian shipowner and operator controls 14% of chemical tanker orderbook
Iran targets MSC ships trying to break through Strait of Hormuz Liner operator still gets four ships through chokepoint over the weekend
Donald Trump demonstrates the art of the double block How one man's vision of the world is throwing shipping into turmoil
Fate of MSC-operated ships attacked by Iran in Strait of Hormuz uncertain Liner operator still gets four ships through chokepoint over the weekend
Odfjell consolidating orderbook as it takes control of four supersegregators The Bergen shipowner and operator controls 14% of the chemical tanker orderbook
Smaller product tankers grabbing big earnings, Clarksons says Handysizes are raking in some of the highest rates
Germany's Salamon exits tankers with sales in 'completely unforeseeable' asset boom Boss Christian Salamon says the owner will not be returning to sector in the short term
Tanker investment a 'no-brainer' as buyers get used to Strait of Hormuz premium Researcher Eva Tzima says purchasers are now fully at ease with big price tags on vessels they would not previously have considered
Germany's Salamon exits tankers with sales in 'completely unforeseeable' asset boom Boss Christian Salamon says the owner will not be returning to the sector in the short term
Iran seizes two MSC ships trying to break through Strait of Hormuz Liner operator still gets four ships through chokepoint over the weekend
NYK promotes its first female LNG carrier captain Louise Lin started as a deck cadet in 2011
Traders and end users move to boost newbuilding books amid Hormuz shock 'Shipping is a shock absorber within the system'
Banks too scared of geopolitical risk to fund shipping, says veteran money man Seafin managing director warns banks that don't realise volatility creates opportunities will miss out on today's shipping boom
Three MSC ships attacked by Iran trying to get through Strait of Hormuz Liner operator still gets six ships through chokepoint over the weekend
Greek owner emerges as buyer of Asyad VLCC in win-win deal Omani seller reports $20m profit, while buyer has seen ship's value soar
Everllence warns of yawning gap on engine retrofit uptake in meeting IMO GHG goals Regulations need to incentivise owners for fuel switches on existing vessels, engine designer says
Investors still have appetite for shipping despite Iran war, says Nordea Market fundamentals 'still constructive', shipping boss says
Tanker stocks plunge as 'Hormuz confusion hangs over market' Oslo Shipping Index fall 2.2% following latest twist in ceasefire saga
Andi Case builds Clarksons stake to £38m as stock options handed out Second-in-command Jeff Woyda also rewarded with shipbroker's latest incentive awards
Bourbon beefs up fleet with 13 ships after US private equity giants move in French owner acquires offshore vessels from Chinese group as part of expansion
Higher rates boost cash pile at Petros Panagiotidis' Toro Corp Cypriot owner saw the benefit of adding tankers last year
Carib LPG returns to shipowning after 13 years away Barbados-based company has bought a semi-refrigerated gas carrier from Petredec
Shell grabs Enesel and Nordic American suezmax tankers Brokers report more reasonable rate ideas for million-barrel vessels
Tanker loans swell Nordea shipping book to over $5bn CEO says Middle East disruption may dampen economic activity
Ship suffers 'heavy' bridge damage in Strait of Hormuz after Iranian vessel attack Tensions remain high after Trump extends ceasefire
EPS Ventures pivots investment strategy away from maritime-specific decarbonisation solutions Idan Ofer-backed venture capital fund believes cross-industry solutions are a better bet after collapse of IMO's Net-Zero Framework
White House mulling Jones Act waiver extension as Iran war drags on Trump reportedly 'likes what he sees' on proposal to stretch waiver expiring on 17 May
Hormuz passage not settled law, lawyers warn Experts say transit rights unclear as shipowners weigh safety over legal principle
Angelicoussis-led coalition renews call for IMO to abandon current net-zero goal in favour of LNG friendly option Growing number of energy carrier players, along with top flags and class societies, back net-zero alternatives
Trump extends ceasefire and blockade as Iranian cargoes continue to sneak through Vortexa data shows 34 tankers and gas carriers have made it through US blockade line
Knight-Swift aims for double-digit rate hike in tight market Knight-Swift Transportation reported a messy first quarter but the company is becoming increasingly bullish on truckload market fundamentals. Knight-Swift ( NYSE: KNX ) reported a headline net loss of $1.3 million for the first quarter on Wednesday after the market closed. Adjusted earnings per share of 9 cents were in line with the negative preannouncement last week, which was well below the con
What Network Downtime Really Costs Manufacturers A parts supplier outside Detroit runs its production line around the clock. Orders feed in through a cloud-based ERP system, shipping commitments sync with carrier TMS platforms in real time, and quality data streams from sensors embedded in the assembly equipment. All of it depends on a network connection that many people take for granted. When that network connection drops, though, the math get
Teamsters fighting deal between Amazon and NLRB on joint employer status Efforts by the Teamsters to advance organizing efforts at various targets, but with special aim at Amazon, have received two significant developments in recent days, one looking like a clear setback and the other more ambiguous. Where the Teamsters had a negative outcome is in a case before the National Labor Relations Board, where the union is objecting to a settlement between Amazon and the NLR
Werner doubling intermodal fleet in Mexico Werner Enterprises announced Wednesday that it is doubling its intermodal container fleet in Mexico to 800 units by the end of the year. The further deployment of 53-foot containers is expected to give customers better cross-border shipping options. The company said it's focused on adding assets in Monterrey and Silao to start, with additions slated for Mexico City in the back half of the year.
DQS nets contract logistics provider in latest acquisition DQS Solutions & Staffing announced it has further expanded its transportation and logistics platform with the acquisition of contract logistics provider Comprehensive Logistics, Inc. The deal merges CLI, DQS and McLaren Transport, which DQS acquired last year, under parent company Axvor. Each company will continue to operate under its current banner. Financial terms of the transaction were not di
Alaska Airlines upgrades Amazon cargo contract Alaska Air Group has renegotiated a cargo transportation contract with Amazon that was unprofitable, but executives on Tuesday suggested improvements to the deal didn't go far enough. Alaska Airlines ( NYSE: ALK ) operates 10 Airbus A330-300 converted freighter aircraft for the retail and logistics behemoth, shuttling e-commerce packages between nodes in its U.S. air distribution network. Alaska
SMBs ditch 'wait-and-see' as tariffs force supply chain overhaul Small and midsize businesses are rapidly restructuring their supply chains and inventory strategies as tariff volatility stretches into a second year, according to a new survey from supply chain software firm Netstock . The company's 2026 Tariff Impact Report shows a sharp shift from cautious observation to active mitigation, with companies diversifying suppliers, extending planning horizons and
Shell Starship 3.0 showcased at US Eco-Marathon INDIANAPOLIS - Shell's Starship 3.0 natural gas truck made its latest stop at the Indianapolis Motor Speedway during the U.S. Shell Eco-marathon. The event, marking more than 40 years since its 1985 launch, showcased a decade of iterative engineering aimed at decarbonizing commercial trucking through available technologies rather than far-future promises. The demonstration brought together Shell
Gnosis Freight adds Walmart veteran Gary Adams to its board Gnosis Freight has brought on a supply chain heavyweight with deep roots at one of the world's largest retailers. The company announced Wednesday that Gary M. Adams, who spent more than three decades at Walmart including 18 years as a company officer, has joined its board of directors. Adams most recently served as head of global logistics, a role that capped a career spanning international expan
SONAR Sitrep: AI data center build-out fuels US freight surge The AI infrastructure boom has become the largest privately-funded infrastructure program in American history, and it is generating one of the most significant demand shocks the U.S. trucking industry has ever seen. To put the sheer scale of this into perspective: The Interstate Highway System -widely considered the most transformative infrastructure project in U.S. history- took 35 years to buil
Why 'grossly inefficient' U.S. ports need automation, and the danger in a new Arctic sea route WASHINGTON - America wants to make its maritime sector globally competitive again. But significant obstacles stand in the way of development and expansion, says the chief U.S. ocean shipping regulator. "The message that I try to reinforce is that [shipping revitalization is] going to last many administrations past this one,' Federal Maritime Commission Chair Laura DiBella said. "I hope that the s
CSX curtails operations at its major yard in Chicago CSX has significantly reduced operations at Barr Yard in Riverdale, Ill., its major Chicago-area terminal, and has shifted most of its switching work to the Belt Railway of Chicago and Indiana Harbor Belt. "CSX is reducing operations at Barr Yard as part of the company's ongoing effort to improve how we operate across the network," railroad spokesman Austin Staton tells Trains . "We're shifting c
Triumph Financial sets new metrics, has strong quarter in factoring The quarterly letter to investors penned by CEO Aaron Graft for the first quarter sets new metrics for the trucking-focused financial services company, as well as praising the group's factoring division. The letter, and Triumph Financial's (NASDAQ: TFIN) first quarter earnings, were released Tuesday after the market close. The company's earnings call is Wednesday. Graft's letter, several pages of
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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