Artemis launches world's first 100% electric hydrofoil pilot boat Belfast, Northern Ireland-based Artemis Technologies reports that it has launched the Artemis EF-12 Pilot, the world's first fully electric hydrofoil pilot boat, marking a major step forward in the evolution of next-generation
On Day of the Seafarer, IMO pauses Strait of Hormuz evacuations The Day of the Seafarer is observed globally on June 25 each year, providing an opportunity to recognize the essential role of seafarers in global trade and the risks they bear in
Kongsberg Maritime to lead AWESOME new wind propulsion project Wind-assisted propulsion works, but how well? An EU project aims to find out. Supported by 14 European partners, Kongsberg Maritime is to lead a new Horizon Europe project called AWESOME (Advanced Wind
HEX brings former Chouest OSV Atlantis to Cook Inlet Anchorage, Alaska-based HEX LLC reports that, through its subsidiary Atlantis LLC, it is to deploy the 190-foot offshore supply vessel Atlantis, to increase to marine support capacity for Cook Inlet's critical infrastructure,
Volkswagen Group to sell majority stake in Everllence to Bain Capital The Volkswagen Group is to sell a 51% majority share in Everllence to Boston-headquartered private investment firm Bain Capital, but says that, in the medium term, it intends to remain a major
SANY's 6.25 MW wind turbine begins commercial operation in Spain SANY Renewable Energy has commissioned its first 6.25 MW wind turbine in Spain. The milestone marks the first commercial deployment of a Chinese-built 6.25 MW wind turbine in the country. The SI-172625 turbine entered commercial operation at the Zuera Autoconsumo project. The project now supplies renewable electricity for local self-consumption on the Iberian Peninsula. SANY completed the turbine
Swire Shipping issues import documentation reminder for Papua New Guinea and Solomon Islands Swire Shipping has reminded customers to ensure all required import documentation, approvals and tax exemptions are secured before cargo is loaded for Papua New Guinea and the Solomon Islands. The advisory particularly applies to humanitarian aid and charity cargo, shipments destined for government agencies, NGO cargo, and any consignments requiring duty or tax exemptions or special permits. Acco
Lineas and Novelis strengthen rail freight partnership European rail freight operator Lineas and sustainable aluminum solutions provider Novelis have marked a new logistics milestone by deploying advanced hybrid locomotives for freight transport across Germany. The milestone was marked during a joint meeting in Göttingen bringing together teams from both companies, in the presence of Manfred Burk, recently appointed Country Manager of Lineas Germany.
Westport Moss Terminal joins Portchain Connect Network Westport Moss Terminal has joined the Portchain Connect Network to improve berth coordination with shipping lines through digital data sharing and real-time schedule alignment. The terminal will use Portchain Connect to receive real-time schedule and move count updates directly from carriers. The platform also enables faster responses and counterproposals to align vessel schedules with berth plan
Mitsui E&S reports higher revenue and operating profit in FY2025 Mitsui E&S reported higher revenue and operating profit for the fiscal year ended 31 March 2026, supported by growth across its business portfolio. The company generated ¥353.2 billion (US$2.21 billion) in net sales, up from ¥315.1 billion in the previous fiscal year. Operating profit increased 62.7% to ¥37.6 billion, while gross profit rose to ¥69.5 billion. Profit before income taxes reached ¥4
Geopolitics are pulling the shipping industry in opposite directions Five trends are reshaping global shipping this year, and most hold up under scrutiny though not always for the reasons first assumed
KTZ Express and COSCO SHIPPING Lines discuss expanding logistics partnership KTZ Express and COSCO SHIPPING Lines have held talks on expanding their strategic cooperation across Eurasian transport and logistics corridors. The meeting brought together KTZ Express Acting General Director Aibek Kapar and Huang Feiwu, General Director of the Logistics and Supply Chain Management Division at COSCO SHIPPING Lines, to discuss strengthening transport links between Kazakhstan, Chi
Volkswagen Group to sell majority stake in Everllence to Bain Capital Volkswagen Group has agreed to sell a 51% stake in Everllence to Bain Capital. The company will retain a 49% stake in the medium term. The deal supports Volkswagen's strategy to strengthen its financial position as it continues its transformation. The transaction remains subject to regulatory approvals and the completion of the consultation process in France. Volkswagen expects the transaction to
Gdansk's dual anchor: When energy security meets trade consolidation Poland's plan to add a second floating LNG import terminal alongside the existing Gdansk Bay FSRU reads, on its face, as a routine energy-security story: another hedge against a supplier Warsaw no longer trusts, following the sharp reduction in Russian pipeline gas to Europe in recent years
MPC Container Ships acquires four 7,000 TEU vessels MPC Container Ships (MPCC) has agreed to acquire four eco-designed 7,000 TEU containerships, each backed by a three-year fixed-rate charter with a top-five global liner operator. The vessels, built in 2023 and 2024, have been acquired for a total consideration of US$340 million and are expected to be delivered between October and November 2026, subject to customary closing conditions. The attache
Global Ship Lease orders five more containerships Global Ship Lease has agreed contracts for the construction of five additional mid-sized, ultra-high-reefer, wide-beam containerships, expanding its newbuilding programme. The vessels will be built for an aggregate purchase price of approximately US$413 million and are scheduled for delivery during 2029. Upon delivery, all five ships will enter multi-year charter agreements with a TEU-weighted av
Long-term charters dominate latest reported containership fixtures Long-term agreements accounted for the majority of the latest reported containership charter fixtures, according to the June edition of DynaLiners Monthly. The latest market update recorded 31 containership fixtures involving vessels larger than 1,000 TEU. A total of 22 fixtures were concluded for periods exceeding 22 months, while 15 were reported as extensions. By comparison, only nine fixtures
DHL Group appoints Joe Joseph as next CFO DHL Group has appointed Joe Joseph as Chief Financial Officer, effective 1 June 2027, succeeding Melanie Kreis, whose contract expires on 31 May 2027. Melanie Kreis Joseph currently serves as CFO of DHL Express. He has been with the company for more than 28 years and has held senior finance positions across the Middle East, Asia and Europe before becoming CFO of DHL Express in 2014. Dr. Katri
Maersk Baltimore exits Persian Gulf Maersk has confirmed that its vessel Maersk Baltimore and a time-chartered vessel have safely exited the Persian Gulf following a successful transit through the Strait of Hormuz. The vessels completed their passage late on June 24 and into the early hours of June 25 after the company conducted detailed security assessments in coordination with its regional security partners. Maersk said both tran
How the Hormuz crisis defines global maritime governance How the logic Iran built at Hormuz is becoming the default grammar of global maritime governance and why shipping is no longer reverting once it adapts
ICS welcomes IMO evacuation plan for stranded seafarers The International Chamber of Shipping (ICS) has welcomed the International Maritime Organization's (IMO) evacuation plan for thousands of seafarers stranded in the Middle East since late February. IMO launches evacuation plan for 11,000 stranded seafarers According to ICS, the priority remains the safe evacuation of around 11,000 seafarers who have been unable to leave the region. "The priority r
Sea-Intelligence: Tracking True Vessel Delay In issue 770 of the Sea-Intelligence Sunday Spotlight, Sea-Intelligence analysed the relationship between structural schedule buffering and early vessel arrivals. Shipping lines are increasingly relying on schedule buffers, which involve increasing transit times, to manage ongoing network disruptions. A direct byproduct of this operational strategy is an elevated volume of early vessel arrivals.
Kalé acquires Portel to expand European compliance capabilities Kalé Logistics Solutions has acquired Spanish port community and regulatory compliance provider Portel Logistics Technologies, strengthening its presence in Europe and expanding its customs and compliance capabilities. The acquisition adds Portel's Dedalo and Vellore platforms to Kalé's airport and port community systems portfolio. The solutions support the electronic exchange of advance cargo i
Wärtsilä Gas Solutions rebrands as Nord Gas Solutions following acquisition Nord Gas Solutions has officially launched as the new name of the former Wärtsilä Gas Solutions business following its acquisition by Mutares SE & Co. KGaA. The company will continue to provide gas solutions for the marine, biogas and energy sectors while strengthening its global market presence under new ownership. According to the company, the rebranding marks the beginning of a new chapter fo
London P&I reports higher premiums and reserves in 2025/26 London P&I reported continued growth in premiums, entered tonnage and free reserves during the 2025/26 financial year, extending its positive momentum of recent years. The club recorded an operating surplus of US$21.2 million, increasing year-end free reserves to US$192.4 million. Gross premium income rose 8% year-on-year to US$172.9 million, supported by growth across both mutual and fixed pr
CMA CGM expands surcharge programme across key trade routes CMA CGM has announced a series of new surcharges across multiple trade lanes, effective in July 2026. The carrier will introduce a Hazardous Surcharge of US$500 per TEU on hazardous cargo shipped from the Far East to the Indian Ocean, South Africa and East Africa. The surcharge takes effect on 1 July 2026 based on the loading date. CMA CGM will also apply a Peak Season Surcharge (PSS) of US$200
GEODIS tests recyclable paper thermal covers for pharmaceutical airfreight GEODIS has successfully completed a series of international trials using recyclable paper-based thermal covers for pharmaceutical airfreight shipments. Developed in collaboration with a global pharmaceutical customer, the initiative aims to combine temperature-controlled logistics with sustainability objectives. The company tested two paper-based thermal cover solutions, Solaris 5 and Solaris 10
90 days to Splash Singapore The countdown is on. With just 90 days to go, Splash Singapore is already shaping up to be one of the standout maritime gatherings of the year. Senior shipping figures, sharp market minds, tech trailblazers and influential decision-makers are being lined up for September 24 at the five-star Fairmont Hotel for a programme designed to ...
Gard report finds routine work behind most seafarer injuries Norwegian marine insurer Gard has warned that many seafarer injuries still happen during routine shipboard work, often involving experienced crew carrying out familiar tasks. The finding comes from Gard's third Crew Claims Report, which draws on around 3,000 P&I crew claims from 2025, including a deeper review of around 400 injury cases. Gard registered more ...
Semco Maritime lands offshore services contract with INEOS Danish contractor Semco Maritime has won a contract with energy group INEOS for the provision of onshore and offshore services for the company's activities in the Danish part of the North Sea. The contract is a five-year framework agreement from June 2026 until May 2031, with two-year extension options. The agreement covers the delivery of ...
TotalEnergies awards decom work to Ocean Installer Marine construction contractor Ocean Installer, a Moreld subsidiary, has been awarded a contract by French major TotalEnergies for decommissioning work on three North Sea fields. The three fields in question, Byggve, Skirne, and Atla, are single satellite tiebacks to the Heimdal hub. The project scope includes engineering, extensive dredging operations, recovery of around 1,000 tonnes ...
Vår Energi doubles down on North Sea hub strategy Norwegian oil and gas player Vår Energi has taken a final investment decision on the Gjøa subsea projects in the North Sea. The company has submitted the development and operations plan for the Ofelia and Gjøa Nord developments to the Norwegian Ministry of Energy. The Gjøa Subsea Projects, in which Vår Energi is the operator, ...
SeaBird Exploration adds West Africa work to 2026 schedule Marine seismic specialist SeaBird Exploration, part of SED Energy Holdings, has secured a contract for ocean bottom node (OBN) source work in West Africa. SeaBird will deploy the 2009-built survey vessel Fulmar Explorer for the campaign. The total contract duration, including mobilisation and demobilisation, is approximately three months. Mobilisation is expected to commence following completion
Global Ship Lease confirms expanded newbuild programme New York-listed containership owner Global Ship Lease (GSL) has expanded its newbuilding programme with contracts for a further five midsize boxships. The latest vessels are priced at about $413m in total and are scheduled for delivery in 2029.GSL said the ships have been fixed on multi-year charters, with a teu-weighted average firm period of 8.1 ...
HMM moves on $1.1bn bulker and gas carrier haul South Korean shipping major HMM has revealed a fresh 10-ship newbuilding order as it continues to push beyond its core boxship business. The company has disclosed a KRW1.7trn ($1.1bn) investment covering eight bulk carriers and two gas carriers. The order marks the latest step in HMM's wider fleet expansion and diversification plan, which has seen ...
Officer shortage risks exceeding 100,000 by 2030 Shipping faces a widening shortage of qualified officers, with the industry needing more than 113,000 additional STCW-certified officers by 2030 to operate the expanding world merchant fleet, according to the latest seafarer workforce report from BIMCO and the International Chamber of Shipping. The Seafarer Workforce Report 2026, published every five years, estimates that 2.57m seafarers ...
Landlocked Kyrgyzstan readies ship registry Landlocked Kyrgyzstan's nearest sea access is some 2,600 km away. The Central Asian nation is better known for mountains, nomadic culture, Lake Issyk-Kul and its position along the old Silk Road than for shipping. That could soon change. Kyrgyzstan's parliament has passed the country's first Merchant Shipping Code in its third reading, creating the legal ...
MPCC moves up in size with $340m boxship buy Oslo-listed tonnage provider MPC Container Ships has agreed to buy four 7,000 teu containerships for $340m, pushing the company into a larger vessel segment. The 2023- and 2024-built eco-conventional ships are being acquired from an unrelated third party, each with a three-year fixed-rate charter to a top-five liner company, expected to generate $180m in revenue ...
Volkswagen sells majority stake in Everllence to Bain Capital Volkswagen has agreed to sell a majority stake in German engine manufacturer Everllence to private equity firm Bain Capital in a deal valuing the business at €7.4bn ($8.4bn). The deal will see Bain Capital acquire 75% of Everllence, while Volkswagen Group will retain a 25% minority holding. The transaction remains subject to regulatory approvals and ...
Modec bags work on Mozambique's next FLNG development Floater expert Modec will supply a SOFEC internal turret mooring system for the Coral Norte FLNG project offshore Mozambique, developed by Eni and its partners CNPC, ENH, XRG, and Kogas. With the final investment decision achieved in October 2025, the hull launch completed in January 2026 at Samsung Heavy's Geoje shipyard in South Korea, and ...
Hormuz moves from shutdown to managed recovery Vessel traffic through the Strait of Hormuz is gathering momentum, offering the strongest indication yet that commercial shipping is edging back towards normal operations after months of disruption, even as thousands of seafarers remain stranded and the waterway continues to operate under extraordinary restrictions. Maritime risk specialist Windward said vessel movements recorded yesterday marked
Keyfield wins 13 charter deals across Asia and Middle East Malaysia-based offshore vessel owner and operator Keyfield International has been awarded 13 new charter contracts worth RM229m ($55.7m), adding more work in Malaysia, Thailand, and the Middle East as it continues to broaden its regional footprint. The new deals also carry extension options valued at a further RM41m ($10m). Together, they take Keyfield's contract wins ...
Swedish county backs offshore wind after policy reversal The County Administrative Board of Skåne has changed course on offshore wind at the proposed Sjollen site in the öresund Strait, backing its designation as a national interest area for offshore wind power after previously opposing the idea. The Board said the decision reflects a reassessment of priorities as electricity demand in southern Sweden continues ...
California prepares legal challenge over offshore wind buybacks California is preparing to sue the Trump administration over the federal buyback of offshore wind leases. State officials said they sent a 60-day notice to the Department of the Interior, setting up legal action if the situation is not reversed. The dispute centres around Golden State Wind, a floating offshore wind project off California's central ...
Troubled shadow VLCC closes in on endgame A rusty 333 m long crude oil tanker with one of the more colourful recent histories in the shadow fleet appears to be moving towards its endgame. The 2002-built VLCC Era, better known until recently as Marinera and before that Bella 1, has resurfaced under the Comoros flag after another change of identity. Public tracking ...
Shipping struggles to stamp out illegal recruitment fees Nearly one in three seafarers have been asked to pay illegal recruitment fees to secure work aboard merchant ships, according to new research published as the industry launches a major initiative to stamp out the practice. Research by the Institute for Human Rights and Business (IHRB) and maritime consultancy TURTLE found that 31% of seafarers ...
DHL taps Vela for wind-powered transatlantic cargo service DHL Global Forwarding has signed up to use wind-powered cargo vessels being developed by French startup Vela. The service is scheduled to start next year, with Vela's first commercial transatlantic sailings expected in 2027. The French company is developing aluminium trimarans measuring around 67 m in length. Each vessel will be able to carry up ...
The commercial case for decarbonisation has finally arrived Companies that treat carbon as a business metric rather than a reporting obligation will be best placed to reduce costs, improve performance and gain a competitive advantage, writes Anil Jacob from OceanOpt. The maritime industry is undergoing a quiet but significant shift. Decarbonisation has transformed from a mere regulatory obligation into a full-fledged commercial strategy. ...
Middle East Gulf-China VLCC index in 'freefall', plunging 39% in two days The drop in the TD3C Middle East Gulf-China VLCC index was described by one broker as 'brutal' and by an...
Evergreen boxship hit in Strait of Hormuz The IRGC Navy has rejected the IMO and Oman-approved corridor, insisting that only Iran's northern route is permitted
Rebranded London P&I unveils surplus despite second straight underwriting deficit Results show 'continued positive multiyear momentum', chief executive Bean insists
Day of the Seafarer 2026: Lessons learnt from Hormuz Lloyd's List senior reporter Matthew Rajendra asks whether crews feel able to refuse transiting the Strait of Hormuz and contemplates...
France seizes second former Cameroon-flagged tanker The stateless tanker was boarded by French forces just over two weeks after Cameroon struck it from its registry
MPCC buys modern mid-sized boxships as it continues sales of older tonnage MPCC has agreed to purchase four 7,000 teu boxships built in 2023 and 2024, which will be deployed on three-year...
Shipping faces 100,000 officer shortage by end of the decade Even this year, the industry is expected to be short of qualified officers to the tune of nearly 40,000
Consensus key in alleviating Hormuz impact on seafarers As geopolitical tensions gripped the Strait of Hormuz, shipowners chased soaring rewards while seafarers bore the brunt of danger. Swift...
Bain Capital to buy majority stake in Everllence for €7.4bn Boston buyout firm Bain Capital will buy 51% of German engine maker Everllence, formerly MAN Energy Solutions
Middle East port update: Thursday, June 25 Ships will be grouped, scheduled and individually instructed on when and how to transit, with requirements to wait in designated...
MSC linked to purchase of vintage panamax pair as boxship buying spree rolls on Secondhand boxship demand remains strong across vessel sizes, supported by stable asset prices and expectations of easing geopolitical tensions in...
The Daily View: Race against time
UPDATED: At least two tankers U-turn after IRGC rejects Hormuz evacuation route Iran says ships must only use Tehran-approved Hormuz routes, complicating an IMO-backed evacuation plan via Oman and US coordination
Daily Briefing Tanker traffic into Middle East Gulf surges after Hormuz reopens | As Hormuz optimism mounts, bunker fuel prices continue to...
Charleston's Leatherman terminal to temporarily halt ship operations by August SC Ports said an uncertain trade outlook in the back half of 2026 coupled with the need to lower costs drove the decision to shutter the terminal for a "short-term pause."
APM's Rotterdam terminal resumes operations after heat-related closure But the terminal's COO says that continued extreme temperatures forecasted for the coming days would keep landside operations under pressure.
Heat wave in Europe shuts APM's terminal in Rotterdam With the extreme heat expected to continue through the week, there was no clear indication when terminal operations would resume after being halted late Wednesday.
Ro/ro carriers face mixed fortunes as Chinese automakers move overseas With Chinese manufacturers shifting production closer to consumers, particularly in Europe, car carrier operators are expecting vehicle volumes to continue to grow, but on shorter routes.
Marco Rubio: If ships are being threatened, 'that's a violation of the agreement' with Iran Secretary of state says stopping IMO passage plan would be a problem
IMO halts Strait of Hormuz exodus after Evergreen container ship attacked Attack on ship close to Oman side of the strait came as hundreds of vessels started to leave the region
More Senate Republicans join team behind Ships for America Act In addition to Mark Kelly, 15 Republicans and nine Democrats are backing the bill
Evergreen container ship hit while on safe route through Strait of Hormuz Attack on ship close to Oman side of the strait came as hundreds of vessels started to leave the region
Container ship hit on safe route through Strait of Hormuz Attack on ship close to Oman side of the strait came as hundreds of vessels started to leave the region
Activist investor with a twist: Dr Friendly tells Tsakos what medicine its stock needs This week's Streetwise looks at the changes a US investor is proposing to Tsakos Energy Navigation management
Ocean Yield avoids taking a hit from charterer's restructuring Brazilian petrochemical company on Thursday announced a pair of legal moves to reorganise
Baltic Exchange launches defence of VLCC rate assessment in Mercuria battle London-headquartered benchmarking operation says route from Middle East to China was, and is, 'assessable'
SJJ Shipping doubles Yangzijiang newbuilding order with $120m quartet Subsidiary Manqiang Shipping increases Bangkokmax newbuild tally to eight ships
Uni-Tankers lifts contract coverage to record level as earnings drop New business secured as three tankers sold by Danish owner
Japanese shipbuilders won't resume LNG carrier construction before 2030 Shipbuilders chief warns move will take 'considerable effort', along with help from overseas
Union demands US pay $5m for seafarers killed in tanker attack Three were killed in US military strike while a fourth died when medical help was denied, says union
France seizes suspected shadow-fleet tanker in Mediterranean raid Navy intercepts sanctioned suezmax operating under a Cameroonian flag
Turkish owner Devbulk fleet hits new high with double handysize deal Deval brothers resume expansion drive in summer burst of secondhand activity
The rise of the 'e-farer' as crew certification goes into the cloud Start-up LedgID follows Bimco's new Seafarer Digital Certificates Charter to give crews control over their digital presence
How iron ore demand is shifting - and why bulkers stand to gain Rio Tinto, BHP and traders see India and South East Asia taking up China's slack - and keeping bulk carriers busy
Newbuilding hunger unabated despite delivery wait and strong prices But allure of large crude tonnage 'fading' due to volumes ordered
Shipping needs more than 113,000 new officers by 2030 Current shortfall of officers exceeds 39,000
US and QatarEnergy renew calls for EU to amend methane rules Fellow LNG producers Nigeria and Algeria sign up to open letter
Global Ship Lease reveals $413m order for five more newbuildings Boxship lessor lifts newbuild tally to 15 vessels, creating 'a substantially extended cash generation runway into the decades ahead'
Tanker owners lead shipping stock slump in Oslo Frontline and Okeanis Eco Tankers down 3%
'You are in range of my missiles': Iran orders tanker to stop Strait of Hormuz exit Product carrier instructed to abort transit as IMO exit plan heightens tension
Maersk vessels exit Strait of Hormuz as 50 boxships remain stuck in Gulf Trickle of container ships have been moving through, according to Bimco
'You are in range of my missiles': Iran orders tanker to halt Strait of Hormuz exit Product carrier instructed to abort Hormuz transit as IMO exit plan heightens tension
HD Hyundai eyes VLCCs in the Philippines as the former Hanjin yard resurrected The South Korean shipyard is lining up to deliver Cido's four VLCCs between 2029 and 2030
LNG carriers awaiting loading pile up off Qatar's Ras Laffan Twenty more ships inbound as eyes turn to production ramp-up
Maersk ships exit Strait of Hormuz as 50 vessels remain stuck in Gulf Trickle of container ships have been moving through, according to Bimco
Ship 'linked to organised crime' seized in Solomon Islands The Belize-flagged vessel has been held following intelligence sharing with Australian authorities
HMM orders 10 newbuildings worth over $1bn amid links to Vale haul South Korean company believed to have ordered eight triple-fuel newcastlemax bulkers and two dual-fuel VLGCs
Middle East crisis fuels surge in bunker-related claims Insurer Gard says claims increased after war broke out
Top Ships gets trapped VLCC out of Middle East Gulf Greek owner said the Legio X Equestris had been stuck since February
MPC Container Ships splashes $340m on quartet as it moves into larger vessels German owner also divests two non-strategic vessels
How iron ore demand is shifting and Chinese shipbuilding is boosting bulkers Rio Tinto, BHP and traders see India and South East Asia taking up China's slack, and keeping bulk carriers busy
'Incredibly lazy' shipowners and pressured charterers holding back ship efficiency efforts Inertia on energy-saving devices and high costs of green fuel remain problems for shipping, expert panellists say
Diana fixes out panamax to Paralos Shipping at stronger rate Deal covers vessel for a year at $15,750 per day
Iran threatens ships using 'dangerous' new IMO Strait of Hormuz route Navy says passage only possible on routes it authorises
Greek tanker trapped in Gulf for months gets through Strait of Hormuz Owner says vessel had remained employed during enforced stay in Middle East Gulf
Volkswagen sells ship engine business to private equity firm in $8.4bn deal Majority stake of former MAN engine business sold to private investment group Bain
Braemar brings in compliance expert Richard Heading as finance chief Accountant joining next week as CFO Grant Foley replaces James Gundy as broker's boss
Greek island waves goodbye to troubled cruise ship after legal and crew standoff Miray Cruises' Gemini spent nearly two months anchored off Greek resort town, much to the dismay of its residents
Stop reinventing the wheel: Union chief on seafarer crises Sanctioned vessel crews need to be treated with diligence and criminalisation cases held in crew members home country
Most shipping people are more interested in markets than seafarers On the Day of the Seafarer the PR teams offered executives and charity heads - never a real unvetted seafarer
MPCC splashes $340m on quartet of boxships as it moves into larger vessels German owner also divests two non-strategic vessels
NGM capes turn up in Oceanic Wit fleet as Chinese company's buying spree continues Owner acknowledges purchases but declines to discuss expansion plans
MPA's Woei Tyng Tan takes the helm at Singapore Chamber of Maritime Arbitration Outgoing executive director Bernice Yeo says she is taking a break to do all the things she has always wanted to do
Worker dies at HD Hyundai Samho shipyard in mooring rope accident Worker sustained fatal injuries after getting struck in the face by an unravelling mooring rope
Lila Global cashes in with VLCC sale just months after acquisition Owner reportedly secures premium price for vessel bought only last year
Abandoned cruise ship seafarers set to go home after Piraeus tow Miray Cruises' Gemini spent nearly two months anchored off Greek resort town, much to the dismay of its residents
India, ASEAN demand for iron ore to offset China construction slump Chinese booming shipbuilding sector also sees demand for steel surge 140% on-year, absorbing excess supply
Jiangsu New Hantong piles up 40 VLCC newbuildings on its orderbook Privately owned shipyard has captured 13% of the global VLCC orderbook
Trump's maritime bill revealed: Much-anticipated legislative proposal handed to US Congress Legislation would create Maritime Security Trust Fund, seafarer tax breaks and export financing for ships
FreightTech Awards nominations open Monday Nominations for the eighth annual 2027 FreightTech Awards will officially open this coming Monday, June 29, 2026. Widely regarded as the premier recognition program honoring the most disruptive technology companies and forward-thinking transportation providers in North American freight, the awards celebrate those who are driving the transportation economy forward. This year -for the first time- t
Snap-on Acquires Diesel Laptops for $100 Million: A Big Step for Heavy-Duty Truck Repair (The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.) Snap-on Incorporated just bought Diesel Laptops for $100 million in cash. The deal closed on June 8, 2026. The move gives Snap-on a stronger foothold in the world of big truck and heavy equipment repair. Snap-on is a well-known company famous for its high-quality
Latest move by FMCSA suggests Motus rollout woes are continuing A recent easing of some requirements by the Federal Motor Carrier Safety Administration appears to be a sign that the rollout of Motus, the agency's new registration portal, continues to have problems. The specific change disclosed this week by FMCSA is that the biennial update requirement that "all entities under its jurisdiction" update their information on file with the agency every two years
Postal Service buys time before cash runs out, seeks federal subsidy The U.S. Postal Service has staved off a 2027 shutdown by deferring payments to employee retirement funds and other accounting maneuvers, but the liquidity crisis will come to a head by early next decade without reforms that give the agency freedom to operate like a private enterprise and shed onerous statutory obligations, Postmaster General David Steiner told a Senate panel on Wednesday. The na
New attack on cargo vessel in Strait of Hormuz A cargo vessel in the Strait of Hormuz was the target of a suspected attack as global shipping restarts voyages through the disputed Persian Gulf waterway. The United Kingdom Maritime Trade Operations said it received a report of an incident southeast of Dahit, Oman. "A cargo vessel has been hit on the starboard side by an unknown projectile, causing damage to the bridge," the security monitor sa
California: First ILWU strike against sugar giant in decades A walkout by workers with the International Longshore and Warehouse Union over pay and benefits marked the first strike in decades against a major California sugar producer. The ILWU strike at C&H Sugar in Crockett led by Warehouse Local 6 reportedly is over healthcare, retiree benefits, sick leave, overtime rules, and union protections as part of a new three-year contract. The strike by unionize
Federal case reveals how a cargo theft ring operated in plain sight For years, the transportation industry has warned that cargo theft is becoming more sophisticated. Criminals impersonate carriers, hijack identities and steal entire shipments without ever cutting a trailer seal. Yet federal prosecutors say another threat never disappeared. Organized crews are still roaming freight corridors looking for unattended trailers, sleeping drivers and an opportunity to
Teamsters claim victory over Amazon at NLRB, next step likely more challenging The Teamsters have won a key victory over Amazon at the National Labor Relations Board (NLRB) before an administrative law judge, but the next step in the battle over what it takes to organize workers may be more challenging. Michael P. Silverstein, a California-based administrative law judge for the NLRB, this week cited the full board's Cemex precedent in ordering Amazon to recognize a group of
Tequila, Trucking, and the Future of the Border What began nine years ago as a dinner gathering of roughly 20 people at a restaurant in Laredo, Texas, has grown into the largest U.S.-to-Mexico logistics event in the country. On June 9, 2026, the 9th Annual Modernization of Cross-Border Trade (MCBT) convened at the Laredo Country Club, drawing representatives from more than 500 logistics companies eager to navigate a rapidly shifting cross-bord
Quad-C backs fast-growing North Carolina transport group with investment Private equity firm Quad-C announced Wednesday it has made a strategic investment in Charlotte, North Carolina-based Armstrong Transport Group. Terms of the transaction were not disclosed. Armstrong's executive leadership team, led by CEO Cameron Ramsdell, will remain in place and retain significant ownership of the company, while the new partnership provides capital to accelerate both organic g
Uncertainty? Imports surge 40% at busiest U.S. container gateway Those retail shelves aren't going to stock themselves for the holidays. The Port of Long Beach handled 842,030 twenty foot equivalent units (TEUs) in May, an increase of 31.7% from May 2025, and the third-busiest May on record. Long Beach, which with the Port of Los Angeles comprises the busiest U.S. container gateway, saw imports soar 40% to 418,851 TEUs, while exports were better by 32.9% at 10
A year later, Mack continues push into OTR truck market with pair of updates Allentown, PA-A little more than a year ago, Mack Trucks commenced a drive into a market where its widely-known brand had not made much of an impact: over the road trucking. At an April 2025 gala attended by a crowd numbered in the hundreds, shortly after an event with the trucking press, Mack returned to its Brooklyn roots to reveal the Pioneer, its new entry designed to snag more market share
Samsara tracking label targets $35B cargo theft problem LAS VEGAS - Cargo theft is costing U.S. businesses roughly $35 billion annually, a figure that has climbed 60% year over year. Much of the damage traces back to a single, persistent gap: shippers don't know where their freight is between carrier scans. Samsara ( NYSE: IOT ) moved Wednesday to close that gap with a pair of product launches at its Beyond 2026 customer conference in Las Vegas. The c
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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