Metric Marine acquires First Choice Marine Supply Metric Marine, Weston, Fla., has acquired First Choice Marine Supply, combining the two companies' marine supply operations to expand product offerings and services for vessel operators across the cruise, commercial, industrial and
Bayonne Drydock receives $673K MARAD grant for equipment upgrades Bayonne Drydock and Repair Corp., Bayonne, N.J., has been awarded a $673,123.44 grant from the U.S. Department of Transportation's Maritime Administration (MARAD) under the Small Shipyard Grant Program. The federal funding, coupled
RINA names Paolo Moretti group CEO Genoa-headquartered RINA S.p.A. reports that its new board of directors has appointed Paolo Moretti, currently general manager, as group chief executive officer. Moretti succeeds Carlo Luzzatto, who had served as CEO since
China Zorrilla: World's largest battery powered ship enters service The world's largest battery-electric ship officially entering commercial passenger service in South America. The 130-meter China Zorrilla (Incat Hull 096), constructed by Incat Tasmania for long-standing customer Buquebus, has completed its maiden
Port of LA reports lowest emissions per container on record The Port of Los Angeles reports that it continued to make clean air gains in 2025, recording its lowest emissions per container on record, according to the port's newly released Inventory of
Hizone Shipping launches Taicang-Jeddah container link Hong Kong-based bulk shipping operator Hizone Shipping has established a new container connection between Taicang, China, and Jeddah, Saudi Arabia. According to DynaLiners, the connection uses a 33,500-dwt open-hatch general cargo vessel. Taicang is understood to have been added to Hizone Shipping's China Saudi Express (CSE), although this has not been officially confirmed. The CSE service was la
Emarat Maritime exercises feeder ship options Emarat Maritime has exercised options for three additional 930 TEU container ships at China's Guangji Xinneng Shipbuilding. According to DynaLiners, the latest move increases the company's firm orderbook at the Chinese shipyard to six vessels. Emarat Maritime initially ordered three ships at the yard earlier this year, with options covering three additional units. The latest decision confirms all
Maersk reinstates Buenaventura on Peru Feeder Maersk will reinstate Buenaventura, Colombia, on its Peru Feeder service in November. According to DynaLiners, the carrier will also retain the seasonal call at Pisco, Peru, until at least January 2027. The weekly service deploys two container ships of approximately 2,800 TEU and connects the Panamanian hub of Balboa with ports in Colombia and Peru. The revised rotation will be: Balboa - Buenaven
RCL restructures Far East-India service Regional Container Lines (RCL) is restructuring its Far East-India RCH9 service by adding calls at Qinzhou, Hai Phong and Tuticorin. As part of the changes, Singapore and Kolkata will be removed from the rotation. According to DynaLiners, RCL will deploy a second 1,100 TEU container ship on the RCH9 service, increasing its frequency to fortnightly. The revised rotation will be: Qinzhou - Hai Phon
DynaLiners Shares Index retreats after record high The DynaLiners Shares Index (DLSI) fell sharply after reaching an all-time high during the previous week. The overall index declined by 74 points, or 2.6%, bringing it back towards more typical levels after its record-setting performance. All sector indices ended the week lower. DLSI Owners recorded the steepest decline, losing 263 points, equivalent to a contraction of 6.7%. DLSI Carriers also p
Yang Ming joins Evergreen's Levant Express Yang Ming has begun chartering slots on Evergreen's Levant Express (LEV), which connects the Greek transshipment hub of Piraeus with ports in Turkey and Israel. According to DynaLiners, the new arrangement replaces Yang Ming's previous slot agreement on Cosco Shipping Lines' GTS service. Yang Ming markets the Evergreen-operated connection as the Levant-Israel Express (LIX). The service deploys tw
COSCO expands Qinzhou-Thailand service COSCO Shipping Lines has expanded its weekly Qinzhou-Thailand Service (QTS), which connects South China with Vietnam and Thailand. According to DynaLiners, Hong Kong has been added to the service, together with a second call at Qinzhou during each rotation. COSCO has also allocated a third container ship of approximately 1,800 TEU to support the expanded service. The revised QTS rotation is: Qinz
China's green shipping leverage lies upstream Most of Beijing's green corridors are still on paper. Its control of the fuels they will need is not
X-Press Feeders launches Pakistan-Fujairah service X-Press Feeders has announced the launch of its new Pipavav/Pakistan-Fujairah X-Press (PFX) service. According to DynaLiners, the inaugural sailing originated at Pipavav in India. However, subsequent published sailings indicate that the service will operate as a shuttle between Port Qasim in Pakistan and Fujairah in the United Arab Emirates. The PFX service deploys a single container ship with a
Port of Riga to test resilient maritime communications under new partnership The Port of Riga will serve as a testing site for secure maritime communication technologies under a new partnership between LVR Flote and HARDMODE. The two companies signed a Memorandum of Understanding (MoU) during the Techritory Forum in Riga on October 22, 2026. The agreement aims to develop and test communication systems that can support port operations during network disruptions and other c
Firefighting continues aboard Espirito Santo Express Hapag-Lloyd has issued an update on the fire aboard the Espirito Santo Express , a vessel chartered from Seaspan. According to information provided by Seaspan, firefighting operations remain underway. The response teams are focused on managing the incident and stabilising the vessel. Seaspan has confirmed that all crew members are safe and accounted for. Cargo condition remains unknown The full e
IFM-managed fund agrees to acquire majority stake in Associated British Ports A fund managed by IFM Investors has agreed to acquire a 63.9% stake in Associated British Ports (ABP), one of the United Kingdom's largest port operators. The agreement involves the acquisition of the entire shareholdings held by Canada Pension Plan Investment Board (CPP Investments) and OMERS. CPP Investments will sell its 33.9% interest, while OMERS will divest its 30% stake. The transaction wi
Essar Ports secures award for new multipurpose cargo terminal at Kandla Essar Ports has received a Letter of Award (LoA) from India's Deendayal Port Authority to develop a new multipurpose cargo terminal at Tuna Tekra, Kandla. The project represents an investment of approximately INR 22.76 billion. Once completed, the terminal will have an annual cargo-handling capacity of 18.33 million tonnes. The development will take place under a public-private partnership (PPP)
How Maersk is building port power One arm operates container terminals on contested corridors, the other buys the bulk ports that feed European industry. Together they form a single strategy of corridor control. Within three weeks, two deals carrying the Maersk family name redrew the map of its port ambitions
Framework agreement for planned AI giga campus at Oxagon HUMAIN, the PIF company delivering full-stack artificial intelligence capabilities globally, and DataVolt, a developer and operator of sustainable digital infrastructure, have announced a preliminary framework agreement with Nebius, a leading AI cloud company listed on NASDAQ, for data centre capacity at Oxagon, NEOM's advanced industrial city on Saudi Arabia's Red Sea coast. Under the proposed f
Iraq is building a fleet on a temporary advantage Baghdad is converting Iran's Hormuz exemption into shipping capacity across crude, containers and passengers. The value of that footprint rises with the crisis it depends on
Maersk updates customs multi-stop rates in Honduras Maersk has revised the rates for its customs multi-stop service in Honduras with immediate effect. The carrier attributed the adjustment to higher fuel costs recently announced by the Honduran Institute of Land Transportation, which have increased inland transportation operating costs. The updated charges apply to both import and export movements and are calculated per container. Updated customs
Direct air capture competence Centre opened at Hamburg Blue Hub eFUEL GROUP and DACMA GmbH have opened the DACMA Competence Center at Hamburg Blue Hub, combining the testing of modular CO2 capture technologies with preparations for international applications. The official launch at the Hydrogen and Carbon Capture Technology World Expo was attended by Hamburg's Senator for Economic Affairs Dr Melanie Leonhard and Evelyne Coulombe of the Canadian Embassy, whose
WEC Lines adds Pakistan-Northwest Europe connection WEC Lines will introduce a new northbound connection for export cargo moving from Karachi, Pakistan, to major ports in Northwest Europe. The connection will operate via transshipment in Colombo, providing access to Felixstowe, Rotterdam, Hamburg, Bremerhaven, Antwerp, Le Havre and London Gateway. MSC Benin, operating voyage IP642A, will perform the first sailing. The vessel is scheduled to depart
Hapag-Lloyd revises Italy inland fuel surcharge Hapag-Lloyd will revise its Inland Fuel Floater for applicable inland transportation services in Italy. The carrier attributed the adjustment to continued volatility in international energy markets and fluctuations in diesel prices. The new rates will apply from 2 November 2026 for shipments not subject to Federal Maritime Commission regulations. For FMC-regulated shipments, the revised levels wi
Bureau Veritas grants type approval to WinGD's variable compression technology Bureau Veritas Marine & Offshore has granted Type Approval to WinGD's Variable Compression Ratio (VCR) technology, marking an important step in the development of more efficient marine dual-fuel engines. The technology allows marine engines to adjust their compression ratio according to o perating conditions and fuel selection. This helps optimize combustion, improve fuel efficiency and reduce em
Kuehne+Nagel Q3 profit jumps 53% as sea freight volumes return to growth Kuehne+Nagel reported strong financial results for the third quarter of 2026, with higher revenue and earnings across all four business units. The logistics group recorded net turnover of CHF 7.4 billion, up 22% compared with the same period last year. Operating profit (EBIT) increased by 53% to CHF 435 million, while net earnings rose by 53% to CHF 316 million. The improvement was supported by h
Sea-Intelligence: IMF Outlook: Container Shipping Under Strain In issue 787 of the Sea-Intelligence Sunday Spotlight, we analysed the IMF October 2026 WEO report, from a container shipping perspective. The report predicts that world trade volume growth will drop from 5.0% in 2025 to 4.7% in 2027. In advanced economies, import demand is projected to be 5.0% in 2026 but soften to 4.2% in 2027. This means that demand is not growing fast enough to absorb all the
OEG books three more offshore wind CTVs at Diverse Marine UK offshore services player OEG Marine Services has ordered three crew transfer vessels (CTVs) from Isle of Wight shipbuilder Diverse Marine as part of its offshore wind fleet expansion and renewal programme. The vessels, based on Chartwell Marine's Brevity SL class design, are scheduled for delivery throughout 2027. Each vessel will measure 26 m in ...
Seville backs $3.4m power upgrade for port expansion Spain's Port of Seville is joining forces with energy company Endesa on an electricity network upgrade worth more than €3m ($3.4m) to support new logistics and industrial developments within the port. The port authority and Seville's Free Trade Zone will finance the investment, with Endesa responsible for designing, obtaining approvals for, constructing and commissioning the ...
Rio Tinto targets larger capesizes in $1.9bn Australian bauxite push Mining giant Rio Tinto has approved a $1.9bn investment in a major bauxite expansion in Australia's Queensland state, including an upgrade of its export facilities to accommodate larger capesize bulk carriers. The Kangwinan project on the western Cape York Peninsula will add 20m tonnes of annual bauxite production capacity, with first output targeted for 2029 ...
2020 Bulkers hands CEO reins to Babinski in offshore switch Oslo-listed 2020 Bulkers has appointed offshore industry veteran Tom Babinski as group chief executive, replacing Lars-Christian Svensen following its transformation from a dry bulk owner into a major anchor-handling vessel player. The company said Svensen has resigned with immediate effect, with Babinski taking over the top job after previously being lined up to lead its ...
Taylor Maritime agrees final owned bulker sale ahead of London exit London-listed Taylor Maritime has agreed to sell its last owned bulk carrier for $15.1m, taking its fleet disposal programme to 56 vessels and putting total proceeds on course to reach almost $933m. The Ed Buttery-led company said the final sale is expected to complete in December, bringing to an end a three-year selling campaign that ...
Laskaridis linked to $312m newcastlemax order in China Greek shipowner Panos Laskaridis is making a return to the newcastlemax newbuilding market, with his Lavinia Bulkers linked to an order for four vessels worth around $312m in China. Shipbroking sources have identified Zhoushan Changhong International Shipyard as the builder of the 212,000 dwt bulkers, with delivery scheduled for 2030. The reported contract is valued ...
Splash Wrap: Sanctions, spreadsheets and shipyards The Trump administration has begun authorising the sale of sanctioned oil tankers to approved investors who must then refurbish the vessels before returning them to legitimate crude trades, US energy secretary Chris Wright revealed on Monday, as Washington scrambles to contain soaring freight costs amid the Hormuz crisis. Attacks continued in the region, with traffic ...
Icon Energy faces shareholder revolt over dilution Nasdaq-listed Greek dry bulk owner Icon Energy is facing pressure from a significant shareholder to overhaul its capital structure and board, following accusations that repeated equity issuances have heavily diluted ordinary investors. Canada's Hampton Financial, which holds 325,000 Icon shares representing approximately 9% of the company, has disclosed a letter sent to Icon's management demandin
Fraser Shipyards changes hands in $350m expansion drive US investment firm Wildcat Equity Partners has struck an agreement to acquire Fraser Industries, the Wisconsin-based shipbuilding and repair group, with plans to invest $350m in expanding its facilities and workforce. Wildcat Defense, the investment firm's maritime and defence arm said the transaction covers Fraser Shipyards, Lake Assault Boats, Northern Engineering and Fraser Terminal. Financial
Saipem and MDC join forces in Egyptian offshore drilling push Italian offshore engineering and drilling contractor Saipem has teamed up with Egypt's Modern Drilling Company (MDC) to pursue offshore drilling opportunities in Egypt and potentially elsewhere across the Middle East and North Africa. Under the arrangement, the two contractors will assess potential projects individually and could cooperate through joint ventures, consortia, or project-specific ag
Ignitis seeks to postpone Lithuania's $3bn offshore wind project Lithuanian state-controlled energy group Ignitis has proposed postponing the 700MW Curonian Nord offshore wind farm in the Baltic Sea, citing deteriorating market conditions, financing difficulties and changing government priorities. The company and its Ignitis Renewables subsidiary have proposed to Lithuania's energy and finance ministries revising the development timetable and preserving the op
Aibel lands Wisting FPSO topsides contract Norwegian engineering and construction specialist Aibel has secured a front-end engineering and design (FEED) contract for the topsides of the planned Wisting FPSO vessel in the Barents Sea. Equinor and its partners awarded the contract following a competitive tender, and it covers engineering and further development of the topsides design ahead of a potential final ...
Lila Global doubles up on vintage LNG carriers Lila Global is expanding its presence in the ageing LNG carrier market, adding a second steam-powered vessel to its fleet as the global LNG trade undergoes major disruption. Earlier this month, Splash reported that the 18-year-old, steam-powered LNG carrier Tangguh Batur (145,700 cu m) had been sold for $30m and renamed Eagle M, with market ...
Sierra Leone launches Chinese-backed national shipping company Sierra Leone has launched a new national shipping company backed by China's Zhejiang Xiehai Group, with ambitions to develop a fleet of 50 vessels and capture a greater share of the country's international cargo trade. President Julius Maada Bio inaugurated Sierra Leone Ocean Shipping Company (SLOSCO) at Queen Elizabeth II Quay in Freetown earlier this ...
HD Hyundai and Kiewit to build new US shipyard South Korea's HD Hyundai has agreed to establish a joint venture with US engineering and construction giant Kiewit to build a new American shipyard, targeting operations from 2029. The venture, HD Kiewit Shipbuilding, plans to begin construction in 2027 at a yet-to-be-announced US industrial site. HD Hyundai expects the facility to create around 3,000 jobs ...
Seatrium bags five-vessel Karpowership conversion deal Singapore-based offshore and marine engineering group Seatrium has secured a contract from Turkey's Karpowership to convert and integrate five hydrogen-ready floating power plants. The deal covers Karpowership's third-generation Whale Class powerships, with Seatrium responsible for major conversion work, equipment integration, mechanical completion, and pre-commissioning. Engineering activities a
ClassNK introduces new notation to tackle GPS spoofing Japanese classification society ClassNK has introduced a new class notation for vessels equipped with technology capable of detecting satellite navigation interference, as GPS jamming and spoofing increasingly threaten commercial shipping. The society has revised its Guidelines for Advanced Safety Measures, publishing Edition 1.1, to allow vessels fitted with systems that identify the effects of
Fatigue, fear and the flaws in shipping's safety data Seafarer fatigue, mental health and reluctance to report mistakes should become key considerations for marine insurers, banks and investors, according to new research warning that shipping is overlooking significant commercial risks hidden in its own data. The Sustainable Shipping Initiative's (SSI) From Welfare to Risk report, published yesterday, examines 68 sources spanning accident investigat
New index tracks how much the world cares about shipping A new online index - much trailed on Splash - measuring how much attention the global shipping industry receives has gone live, offering maritime companies a way to assess public interest in shipping news and major incidents. Created by crisis communications specialist Dustin Eno, the Maritime Attention Index combines Google searches, Wikipedia page views, social ...
Crude tankers in correction mode after Hormuz-driven 'super spike' The 'super spike' in crude tanker rates ramped up in early September, reached a crescendo in early October, and has...
Seafarer killed, three missing after drone strike on vessel off Romania Latest incident highlights growing security risks for merchant shipping as attacks spread beyond Ukrainian and Russian waters
UAE oil spill likely from VLCC struck by drone Emirati environment ministry orders closure of beaches near Dubai while spill is assessed
The Daily View: The Arctic is becoming part of shipping's parallel order
Africa's LNG ambitions grow as Hormuz disruption exposes supply risk African LNG exports are rising as disruption to Qatari supply sharpens the focus on alternative sources, but the continent's biggest...
Russia's container trade continues eastward shift as Asian carriers expand capacity Vladivostok has consolidated its position as Russia's largest container gateway, with MSC and Sinokor accounting for more than 40% of...
P&I rate hikes likely less steep than previously expected, says Field Costa Concordia underwriter takes poacher-turned-gamekeeper role at Lockton PL Ferrari
Shipping's digital decade is only the beginning With 10 years of rapid development behind them, Procureship's founders eye even faster leaps forward for shipping's digital transformation
China and Russia renew polar shipbuilding pledge as Arctic traffic spikes Record Arctic traffic has revived China-Russia shipbuilding ambitions, but sanctions, technology gaps and slow progress continue to cloud their plans
2020 Bulkers continues offshore pivot with new CEO New chief executive Tom Babinski brings offshore expertise as Lars Christian-Svensen leaves having netted shareholders more than $300m in special...
Boxship charter rates hit four-year high despite Suez return and looming supply threat Slower service speeds, due to high bunker prices, are helping support vessel demand. But accelerating newbuilding deliveries and further normalisation...
Hormuz fuels bad bunkers as Singapore biofuel sales plunge Biofuel bunkers sold at the world's top bunkering port have slumped this year, following a lack of a mandate at...
LNG remains dominant alternative fuel, but compliance advantage is narrowing The attractiveness of LNG as marine fuel will come down to regulation, and how much it puts a real cost...
Daily Briefing Dominguez: Freedom of navigation will return to normal after conflicts end | Largest containerships return to Red Sea in force...
ILA, Halifax port employers reach tentative labor pact The three-year deal announced Friday comes a week after Montreal employers and the port workers union agreed to a five-year contract after a one-year arbitration process, and as Prime Minister Mark Carney's government pushes port labor reforms.
NY-NJ port truckers seek FMC rulemaking on empty returns A stakeholder group of drayage carriers wants enforceable standards for managing empty container handling, putting more burdens on ocean carriers for managing their equipment.
Typhoon Champi closes Taiwan ports, brings fresh disruption to East Asia The island's busiest port of Kaohsiung, as well as the ports at Keelung and Taipei, were among the harbors closed Friday as the storm, packing winds of up to 120 mph, approached.
MSC, Zim return to Suez route for joint Asia-USEC service The change from a routing around southern Africa is part of the ongoing gradual return of Far East services using the shorter Suez route.
Demand for AI infrastructure propels air cargo peak season Demand by hyperscalers is driving the volume, particularly on the trans-Pacific, but general high-tech products and restocking ahead of November's online shopping promotions are also filling freighters.
Land routes expected to remain in play once Persian Gulf transits normalize Even when the Strait of Hormuz fully reopens, the network of alternative ports and land corridors that have provided a Plan B during the war will likely remain in place so they can be activated when security risks return, experts say.
India-USEC spot rates on rapid retreat as carriers begin chasing cargo Spot rates on the lane have dropped by up to $3,000 per FEU over the past two to three weeks, with carrier sources saying booking activity has markedly slowed through the month.
US shipping stocks snap back from 'correction' week Clean product tanker names lead rebound amid rates resurgence
GasLog to redeliver chartered LNG carrier to owner after drone strike and repairs Bareboat charter on damaged vessel is due to expire this month, leaving sisters with Chinese lessors
Shipping faces changing threat in Black Sea as Russian drone strikes elude Nato defences Even sailing in the direction of Ukraine's Danube ports may be enough to draw a Russian attack
Tanker struck off Oman in war's most violent month for shipping in Hormuz Strike marks 32nd since latest flurry of Iranian attacks began on 29 September
Wavelength podcast: bull markets and red flags Plus: Japan's proposal for an alternative net-zero framework disappoints
Why shipping should remain on guard ahead of elections in US and Israel US congressional elections in November and Israeli parliamentary voting next week weigh on Strait of Hormuz dynamics
VLCC market tilts towards charterers as tanker spot rates fall But forward freight numbers are holding up despite spot falls, analysts say
Safe Bulkers boss sees danger lurking behind China's shipbuilding boom Greek shipowner expects vessel prices to rise further but warns of longer-term consequences
Steel exports from China show strength despite Middle East disruptions, Braemar says Falling demand in China creates volumes for export
Crude reality: moving barrel of oil now costs more than hauling tonne of iron ore Rates remain at extremely high levels, even as they moderate
'Historic' crossover as VLEC loads LPG cargo for first time Singapore-controlled ethane vessel begins competing in broader VLGC market
Chinese lessors reserve red carpet for shipping's biggest names Smaller shipowners face a different reality as competition for top-tier borrowers intensifies
Crude reality: moving oil now costs more than hauling iron ore Rates remain at extremely high levels, even as they moderate
VLCC market tilts towards charterers as Dynacom and Mercuria tankers take less But forward freight numbers are holding up despite spot falls, analysts say
RINA promotes marine boss Paolo Moretti to top job New group CEO takes over from Carlo Luzzatto
Danaos pushes newbuilding tally past 40 with China container ship deal John Coustas-led owner selects CSSC Hudong Zhonghua for its latest ordering foray
Four banks refinance Color Group ro-pax with $96m loan Olav Nils Sunde company replaces facility expiring next year
Firefighters battle to control Hapag-Lloyd boxship days after blaze killed seafarer Firefighting continues on the Espirito Santo Express as the condition of the ship and any cargo damage are assessed
One dead and three missing after ship struck by drone in new Black Sea attack Nine seafarers rescued after general cargo vessel capsized in Russian attack
Charterer Alkagesta takes over Turkish bunker tanker fleet Maltese trader agrees deal to buy Energy Petrol of Istanbul
Greek tanker carries first Russian diesel cargo to New York LSEG data shows Eastern Mediterranean MR vessel left Primorsk on Friday
Bunker and tanker giant USTC marks 150 years since its formation as a shipbroker Ostergaard-Nielsen family company celebrates 'rare milestone'
Shipowners bullish on dry bulk as capesize floor rises New long-haul trades from West Africa are a structural change, Himalaya CEO says
'Pointless' to link stricken tanker to shadow fleet, Russia claims Salvors are working on abandoned suezmax stuck on Oman island after suspected sabotage operation
QatarEnergy ramping up 'dark' LNG cargo loadings, Kpler says More vessels are loading with their AIS turned off
Lars-Christian Svensen steps down as 2020 Bulkers boss as new CEO joins Tom Babinski takes over CEO position of AHTS owner
Taylor Maritime agrees last of 56 bulker sales raising $933m Final ship will leave the fleet in December for a price of $15.1m
Oil spill from VLCC damaged in Iranian attack reaches UAE beaches Residents report odour as slick spreads west of the Strait of Hormuz
Siem family reveals slew of ship buys, charters and newbuilding orders Kristian Siem-controlled companies have been active in a number of markets
South Korea's shipbuilders face a sunset - but are fighting to extend their day Active yards have halved and market share has slid but South Korean shipyards are betting on technology and complexity to stay ahead
Japanese shipyard sees new era as tech opens doors beyond shipbuilding China's rise in shipbuilding is reshaping the global shipbuilding landscape
Safe Bulkers boss sees danger lurking behind China's shipbuilding boom Greek shipowner expects vessel prices to rise further but warns of longer-term consequences
Japan aims to double its shipbuilding output by 2035 Nation seeks to close gap with China with ¥1trn five-pillar plan involving reopening yards and investing in people and innovation
Seatrium wins five-ship Karpowership conversion deal Yard to handle major conversion of five hydrogen-ready vessels, with first arrival targeted for December 2027
Cosco unit bets on artificial intelligence as global shipping faces fresh shocks Former ship captain describes a difficult year as the company seeks greater operational flexibility
Shell sets new benchmark for product tanker charter in Singapore deal One-year fixes reach record $45,000 per day
Japan's new net-zero proposal slammed as a compromise too far Global regulators set to try again to finalise regulations by end of the year
New Drewry data shows import demand boosting trans-Pacific rates Drewry's World Container Index rose 2% to $4,585 per 40-foot container, supported by higher rates on trans-Pacific and Asia-Europe routes as strong U.S. import demand and carrier capacity cuts bolstered pricing. Shanghai-to-Los Angeles rates increased 2% to $8,007 per 40-foot container, while Shanghai-to-New York rates edged up 1% to $10,166. Drewry expects trans-Pacific rates to remain stable ne
Roadrunner announces Canada-outbound service Less-than-truckload carrier Roadrunner announced a new outbound Canada-to-U.S. service on Friday. It also announced a 5.9% general rate increase, which will be effective on Nov. 2. Roadrunner's ( OTC: RRTS ) new service connects shippers across Canada to approximately 40 major metro markets in the U.S. The direct linehaul service is executed entirely by truck, with no shipments touching the railr
Wabtec earnings rise on higher freight and transit sales Wabtec reported higher third-quarter revenue and earnings and raised its outlook as the company's freight and transit equipment backlogs grew. Operating income increased 27%, to $625 million, as revenue grew 8%, to $3.12 billion, the company said Wednesday. Earnings per share increased 34%, to $2.42. Wabtec (NYSE: WAB ) raised its full-year adjusted EPS guidance to a range of $10.85 to $11.05, an
Trucking's "Ruthless" vs. "Conservative:" Who's Winning? In a lukewarm freight market, not all carriers are feeling the same heat. Craig Fuller and Paul Tonsager dive deep into why Knight-Swift's 'ruthless' approach might be outperforming JB Hunt's 'conservative' strategy, and what this means for the broader trucking and intermodal sectors. Discover the surprising nuances in today's supply chain earnings. Knight-Swift's willingness to walk away from un
How Much Do Rejected Loads REALLY Cost Shippers? Discover how new Sonar indices are revolutionizing freight cost transparency. Shippers can now accurately track the real premiums paid for rejected loads and understand escalating contract rates. This essential data helps you optimize routing guides and budget for backup coverage, turning estimates into actionable insights. FreightWaves' Sonar on Thursday released three truckload dataset groups t
Cost pressures sink Marten Transport's Q3 Shares of refrigerated carrier Marten Transport were down 7% in midday trading on Friday, following a disappointing third-quarter report. Despite improving supply-demand fundamentals, a runup in fuel and health insurance costs, among other items, were a drag in the period. Table: Marten's key performance indictors - Consolidated Mondovi, Wisconsin-based Marten ( NASDAQ: MRTN ) reported net income
5 US manufacturing projects bring more than $1.6B in investments Five manufacturers have announced new or expanded U.S. production facilities representing more than $1.6 billion in investments. The investments highlighted continued spending on domestic manufacturing , transportation equipment and consumer goods. The projects, located in Texas, Illinois, Georgia, Kentucky and Arkansas, include new manufacturing operations for commercial trailers , school buses,
A new PNW container port? $205M for Oregon rail project The Port of Coos Bay has secured nearly $205 million in federal funding to upgrade its rail line, advancing a proposed Oregon container terminal that would rely on trains to move cargo between ships and inland markets. The $204.8 million award, announced Oct. 19 by Oregon Sens. Jeff Merkley and Ron Wyden and Rep. Val Hoyle, will fund final design and construction of improvements to the Coos Bay R
Airbus sees 46% freighter increase by 2045 amid stable air cargo growth There wasn't much change in Airbus' latest 20-year forecast for air cargo. The manufacturer, which plans to begin delivering an all-new A350 freighter in about a year, estimated annual cargo traffic growth would tick down a tenth of a point compared to last year's report, but that the industry would require a few more planes than previously thought. Airbus projected that the global fleet of cargo
Russian diesel tanker heads for U.S. following Trump-Putin deal A tanker carrying 40,000 metric tons of Russian diesel is heading for New York under a new U.S.-Russia supply agreement , marking a reopening of a trade curtailed by Washington's 2022 ban on Russian oil and petroleum imports. The Malta-flagged Agioi Fanendes loaded ultra-low-sulfur diesel at Primorsk, Russia's Baltic Sea oil port, on Oct. 22 and is expected to arrive in the United States Nov. 7,
NLRB ordered Amazon to bargain with Staten Island workers; it's now in federal court Four and a half years after a grassroots union was voted in by workers at an Amazon warehouse in Staten Island, New York, the battles in court over Amazon's pushback against the vote continues. At issue in the latest set of filings in the Fifth Circuit is a National Labor Relations Board decision from April where the NLRB ordered Amazon (NASDAQ: AMZN) to negotiate with the union, which after its
Workforce gaps keep supply chain AI stuck in pilot mode Freight technology vendors are selling AI agents that can benchmark rates and award freight under rules a customer sets. A new survey finds most supply chain organizations still limit AI to generating insights, and the first obstacle the research names is their own workforce. The Association for Supply Chain Management (ASCM) and the Digital Supply Chain Institute (DSCI) released The People Parad
Why one zero-emission truck dealer wants big rigs to wait Johannes Ariens sells hydrogen semis, and he thinks the push to clean up trucking is aimed too high. Incentive programs and the broader industry are fixated on Class 7 and 8 tractors, said Ariens, CEO of Range Zero Emissions, in an interview with FreightWaves. The trucks ready to go electric today are medium-duty Class 4, 5, and 6 models, he said. Range Zero Emissions is a dealer group that sells
Ryder fleet facing possible growth need as EPA '27 nears With the EPA '27 engine rules impacting nitrogen oxide (NoX) emissions in heavy duty vehicles getting closer every day, the new rules will have a major impact on anybody who buys new vehicles...like Ryder. Ryder's (NYSE: R) third quarter earnings released early Thursday were solid enough that it propelled the stock up 10.49% to $265.53, a gain of 25.22%. It is still below its 52-week high of $284.2
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