Davie and Kraken partner up to produce autonomous vessels and systems in Canada Québec-based Davie and U.K.-based Kraken Technology Group (Kraken) have announced a strategic collaboration to establish Canadian production, integration and development of Kraken's autonomous solutions. Davie will provide Canadian capacity and capability to
Twin Everllence 28/33DSTC engines will power new Colombian Navy PES frigate Colombian shipyard COTECMAR and Damen Naval have announced the procurement of two Everllence 20V28/33DSTC high-performance engines to power a new-generation PES frigate under construction for the Colombian Navy. The frigate is part
Fincantieri Ancona delivers Viking's newest ocean ship, Viking Mira Viking yesterday took delivery of Viking Mira, its newest ocean ship, in a ceremony at Fincantieri's Ancona, Italy, shipyard. Like all Viking ocean ships, the 54,300 grt Viking Mira is classified as
Maersk to pay $1.9M in FMC civil penalties The Federal Maritime Commission (FMC) has reached a compromise agreement with Maersk A/S that will see the Copenhagen-headquartered container shipping giant pay $1,900,000 in civil penalties. The agreement resolves allegations that Maersk
DACHSER expands its largest logistics centre DACHSER has started construction of a new logistics facility at the industrial park in north Memmingen, southern Germany, marking a EUR 30 million investment in what is already the company's largest operational location worldwide. The new building is expected to be ready by spring 2027. The new facility The facility covers 8 hectares and will offer 11,000 square metres for cargo handling, 1,000 s
Construction begins on liquefied biogas facility at port of Gothenburg Construction has commenced on a liquefied biogas facility at the Port of Gothenburg, developed and owned by Nordion Energi. The plant is expected to be completed in early 2027 and operational before the end of that year, with a production capacity of approximately 50 tonnes of liquefied biogas per day. The facility is designed to enable biogas producers connected to the Swedish gas grid to access
Freightos reports revenue growth in first quarter 2026 Freightos reported first quarter 2026 revenue of US$ 7.2 million, a 3% increase from US$ 6.9 million in the same period of 2025, with gross booking value reaching US$ 343 million, up 24% year-on-year. Platform revenue totalled US$ 2.4 million and Solutions revenue USD 4.8 million, each growing 3% year-over-year. IFRS gross margin held broadly stable at 66.6% compared to 66.8% in the prior year pe
Port of Auckland launches Te Waharoa cruise terminal Port of Auckland has announced Te Waharoa, the city's new international cruise terminal, set to open in early 2027 on Quay Street in downtown Auckland. The terminal forms part of a wider NZ$ 200 million investment by Port of Auckland in the city's cruise precinct, which also includes the development of a new big ship wharf at Bledisloe North. Designed to process up to 1,500 people per hour, Te Wa
Israel Ports Company launches logistics land tender at Haifa Bay Port Israel Ports Company (IPC) has launched a new tender for land-use authorization in the Bay Port hinterland in Haifa, aiming to expand logistics and port-related activities in one of Israel's key maritime trade hubs. The tender covers approximately 18 dunams of land designated for logistics and operational port activities under a ten-year authorization framework. According to IPC, the site is stra
How the Hormuz crisis became structural for container shipping When CMA CGM disclosed in its first-quarter 2026 results that it had been forced to redesign parts of its logistics network and implement alternative multimodal corridors to maintain cargo flows into Gulf countries, the statement carried more than corporate weight
Changes on the executive board of Hapag-Lloyd AG Dr. Maximilian Rothkopf will leave his role as chief operating officer of Hapag-Lloyd AG on June 30, 2026, by mutual agreement. He will stay on in an advisory capacity during a transitional period to ensure a smooth handover. Dr. Rothkopf joined the executive board on May 1, 2019, and took on operational responsibility for the company's global shipping business from July 1 of that year. Over seve
CN Magazine - Free Issue Now Available Ahead of Posidonia 2026 in Athens, Container News is pleased to share a free issue of the CN Magazine with the global shipping and logistics community. This edition delivers exclusive analysis, major service updates, market intelligence, and strategic insights covering the latest developments across container shipping, ports, and international trade. Among the key topics featured, Container News
Asia-Europe and transpacific container trades face diverging trends in early 2026 Container shipping trades linking Asia, Europe and the United States showed mixed performance during the first months of 2026, as weakening transpacific demand contrasted with resilient Asia-Europe cargo volumes and continued freight rate volatility, according to the latest data released by the Japan Maritime Center. On the transpacific route, container volumes from Asia to the United States decl
FMC reaches settlement with Maersk over detention charge practices Federal Maritime Commission (FMC) has completed a compromise agreement with Maersk involving civil penalties totalling USD 1.9 million related to alleged violations of the US Shipping Act. According to the FMC, the settlement resolves allegations that Maersk assessed detention charges against third parties that had not agreed to be bound by the carrier's bills of lading, service contracts or tari
Euroseas extends charters for M/V Stephania K and M/V Pepi Star Euroseas Ltd has secured charter contract extensions for two of its 1,800 TEU feeder containerships, M/V Stephania K and M/V Pepi Star, both built in 2024. The new contracts run for a minimum of 24 months and a maximum of 26 months at the charterer's option, at a gross daily rate of $25,500. Contract details The new charter periods commence on July 28, 2026 for the Stephania K and August 19, 2026
MPC Container Ships posts solid Q1 2026 results MPC Container Ships has reported its financial results for the first quarter of 2026, delivering solid operational and financial performance backed by a strong contract backlog. Contract coverage and backlog The company holds a charter backlog of USD 2.0 billion. Contract coverage stands at 99% for 2026, 69% for 2027 and 41% for 2028, providing strong revenue visibility across the coming years. F
Maersk launches FI2 service Maersk has announced the launch of FI2, a new weekly ocean service connecting Far East Asia to the Indian Subcontinent. The first westbound sailing departs Shanghai on June 4, 2026. The service runs six vessels of 4,500 TEU nominal capacity each. The port rotation covers Shanghai, Ningbo, Nansha, Tanjung Pelepas, Nhava Sheva, Pipavav and Port Qasim. Meeting growing demand FI2 was introduced in di
Four sanctioned ships get US go-ahead for scrapping The US Office of Foreign Asset Control (OFAC) has approved four mid-sized ships formerly chartered by Sealead Shipping to be scrapped. The ships, with sizes between 5,888 TEU and 6,966 TEU, will be the largest to be recycled since 2020
Explainer: The Shadow Fleet's exit door How an OFAC-licensed demolition mechanism could begin to dismantle a parallel tanker economy and why it may not be enough
Freightos Weekly Update: Demand rebound pushing rates up for early start to ocean peak season Negotiations to end the war in Iran continue - though military strikes do too - with many vessels once again moving closer to the Persian Gulf side of the Strait of Hormuz in hopes that the waterway may open soon. When the strait does re-open, ships will rush to exit, but out of concern over getting closed in again, carriers may not be as eager to return to regular Gulf port calls until they are
How western capital is redrawing East Africa's port map CMA CGM's agreement to invest US$820 million in two container terminals at the Port of Mombasa is not simply the largest foreign maritime commitment in recent East African history
CMA CGM introduces PCS for Abidjan amid port congestion CMA CGM has announced a Port Congestion Surcharge (PCS) for cargo moving to Abidjan, Côte d'Ivoire, due to ongoing congestion at the port. The surcharge will apply from 8 June 2026 for cargo originating from all regions except North and Latin America. For cargo from North and Latin America, the PCS will take effect from 22 June 2026. The surcharge applies to all cargo types, subject to space avai
Kalmar expands Shanghai plant to boost production capacity Kalmar has expanded its manufacturing plant in Shanghai to improve operational efficiency and increase production capacity. The expansion was completed in May 2026 and will support future growth, including electric vehicle equipment assembly. Kalmar said the new space centralizes post-assembly operations and improves flexibility for production scaling. The Shanghai facility manufactures reachstac
Diana boosts Genco bid in fresh takeover push Greek dry bulk owner Diana Shipping has increased its takeover offer for US-listed rival Genco Shipping & Trading, intensifying a battle that has already spilled into a proxy fight over control of the board. The Semiramis Paliou-led company said it had raised its all-cash tender offer to $24.80 per share from the previous $23.50, while ...
Scorpio Tankers offloads four LR2s and lines up fresh MR newbuilds New York-listed owner Scorpio Tankers is reshaping its fleet and balance sheet with a package of vessel sales, newbuilding plans and debt repayments. The Emanuele Lauro-led company said it has agreed to sell four LR2 product tankers for a combined $285.8m while also signing a letter of intent for two scrubber-fitted MR newbuildings in China. ...
Mercuria and Baltic Exchange set for fast-tracked Hormuz benchmark showdown An expedited High Court trial has been scheduled for October 26 in London in the growing legal battle between commodity trader Mercuria Energy Group and the Baltic Exchange over the TD3C VLCC benchmark, a case that could have major consequences for tanker freight markets and shipping derivatives. The 15-day trial was fast-tracked by High Court ...
Maritime crews left behind by EU labour protections, new study warns A major new study commissioned by transport unions has laid bare what researchers describe as a deep labour rights gap between Europe's sea workers and land-based employees, with seafarers continuing to face excessive working hours, fatigue risks and weaker legal protections than workers in most other industries. The report, titled Charting the Distinct Rights of ...
Safe Bulkers expands investor reach with Athens listing Greek dry bulk owner Safe Bulkers has cleared the final regulatory hurdles for a dual listing of its shares on Euronext Athens, marking another step in the company's effort to broaden its access to European investors. The New York-listed company said Euronext Athens confirmed that all listing requirements for the admission of its common shares ...
Floating nuclear power found technically viable in Greek feasibility study The Deon Policy Institute has published the first-ever report from research examining how floating nuclear power plants (FNPPs) could be considered within the political, social, economic, policy and regulatory context of a European country, using Greece as a case study. The policy insights are derived from a research programme conducted by CORE POWER, Athlos Energy ...
CMB.TECH increases stake in TFG Marine Belgian shipowner CMB.TECH has increased its shareholding in Trafigura-backed TFG Marine and committed to sourcing its bunker fuel requirements through the company. Under the revised shareholder arrangements, effective from June 1, CMB.TECH will increase its equity stake in TFG Marine from 10% to 15% through an issuance of new shares. The transaction also extends the ...
Worley Rosenberg bags subsea fabrication contract on Equinor project Worley Rosenberg has been awarded a new contract by Subsea 7 for the fabrication of subsea structures for Equinor's Fram Sør development in the northern North Sea. Under the contract, Worley Rosenberg will fabricate a total of 34 subsea structures, mainly comprising pipeline end manifolds, pipeline end terminations, and pig launchers and receivers. The project ...
The Carbon Wake: Tracking the commercial reality behind green shipping Jason Jiang, who spent nine years as chief correspondent at Splash before leaving in 2021, has launched The Carbon Wake, a weekly note aimed at tracking the commercial consequences of shipping's green transition rather than its headlines. Shanghai-based Jiang says the genesis was a specific frustration with how the transition is typically covered. "A lot ...
Multiple disruptions send agricultural voyage durations to record highs Global agricultural trade is continuing to expand, but longer voyage distances, climate disruption and mounting pressure on key shipping routes are beginning to reshape dry bulk markets and support tonne-mile demand for shipowners. New analysis from shipbrokers Ursa, Braemar and Xclusiv points to a combination of record voyage durations, changing grain export patterns and looming ...
Sold-out boxship market drives bulk-to-container conversions The sustained strength of the container market is prompting shipowners to reach beyond the orderbook for solutions, with plans now underway to convert at least two supramax bulk carriers into cellular container vessels of around 2,500 teu, according to Alphaliner. The vessels earmarked for conversion are Diamond 53 type open-hatch supramaxes, primarily built between 2005 ...
BP ousts chairman Albert Manifold over 'unacceptable' conduct Oil and gas supermajor BP has removed Albert Manifold as chair and director with immediate effect following serious concerns raised with the board about governance standards, oversight and conduct, in the latest leadership shake-up at the oil major. Manifold was unanimously removed by the board, and Ian Tyler, a BP director, has been appointed interim ...
Chile approves massive $4.45bn San Antonio port expansion Chile has approved the long-awaited Puerto Exterior expansion at the Port of San Antonio, paving the way for what is being described as the largest port infrastructure project in the country's history and a major new gateway for South American container trade. The Valparaíso regional environmental commission unanimously approved the project's environmental qualification resolution this ...
TGS lands 4D streamer contract offshore Angola Oslo-listed seismic data specialist TGS has been awarded a high-end 4D streamer contract offshore Angola. The program is scheduled to commence acquisition in early July 2026, and the contract is approximately eight months long. The deal improves the company's strategic position in the Africa region and provides it with visibility for one vessel well into ...
FMC hits Maersk with $1.9m penalty over detention billing practices The US Federal Maritime Commission (FMC) has secured a $1.9m civil penalty settlement with Danish container shipping giant Maersk over allegations the carrier improperly billed detention charges to third parties in violation of US shipping regulations. According to the FMC, the case centred on allegations that Maersk invoiced companies that were not legally responsible for ...
US oilfield services giant wins more work from Petrobras US energy technology company Baker Hughes has won a contract extension with Petrobras to provide integrated solutions for well construction across Brazil's Santos Basin. Baker Hughes will expand the company's well construction operations in several of the basin's oilfields. The company's advanced portfolio, including the AutoTrak rotary steerable system, logging-while-drilling tools, and Dynamus
Explosion damages VLCC off Oman A VLCC linked to Greek tanker operator Olympic Shipping & Management suffered damage from an external explosion off Oman this week, the latest security incident to unsettle commercial shipping around the Strait of Hormuz. The UK Maritime Trade Operations (UKMTO) agency said the master of the Marshall Islands-flagged Olympic Life reported an explosion on the ...
IMO sounds alarm over return of Somali piracy The International Maritime Organization and regional maritime security states have voiced alarm over a resurgence of Somali piracy following a series of vessel hijackings in the Gulf of Aden and western Indian Ocean that has left dozens of seafarers being held hostage. In a strongly worded statement, the chair of the Djibouti Code of Conduct/Jeddah ...
Taiwan's TVL Marine to enter container shipping next month Taiwanese logistics group TVL Marine is set to enter the container shipping sector next month with the launch of a new Hong Kong-Taiwan feeder service, joining a growing wave of regional operators expanding into liner trades. The company will deploy a vessel of around 1,000 teu on a weekly loop linking Hong Kong with Keelung, ...
Diana increases Genco tender offer again Greece-based suitor says improved offer of $24.80 per share is 'outstanding value' for Genco shareholders
Safe Bulkers set to be dual-listed in Athens US-listed bulker owner will become first shipping company dual-listed in Athens as early as next week
How worried should you be about bunker supply? Lloyd's List senior reporter Joshua Minchin examines the current bunker supply landscape and assesses whether concerns over availability are valid
Greek tanker tally at shipyards continues to rise Greek owners have been in the vanguard of a veritable stampede to order new tankers
MPC Container Ships continues to benefit from tight feeder boxship market MPC Container Ships is moving ahead with its fleet renewal strategy by selling older ships amid strong secondhand prices
Laskaridis: A legacy of diversity With about 50 years in shipping, Panos Laskaridis continues to be busy on multiple fronts and some of today's activities...
Solong owners can cap liability at around $21m, High Court rules Mr Justice Baker strikes out Article 4 application
Limited vessel availability continues to sustain high secondhand boxship asset prices Buying appetite remains strong despite geopolitical tensions in the Middle East and concerns over future overcapacity
CMB.Tech grows stake in bunker provider TFG Marine and expands fleet fuel supply deal CMB.Tech originally acquired its stake in TFG Marine through its takeover of bulk carrier operator Golden Ocean last year
NorthStandard cuts underwriting deficit Combined ratio down but still behind best-performing clubs
Middle East port update: Wednesday, May 27 Ruwais and Abu Dhabi petroleum ports are operational. Ruwais PPA (ISPS Level 2) and Abu Dhabi Ports (ISPS Level 1)
The Daily View: The cost of freedom
Cosco Shipping Energy to inject $150m into Hainan unit for nine tanker newbuilds Chinese oil and gas shipping giant prolongs fleet upgrade after first-quarter profits more than doubled off the back of the...
Daily Briefing Hormuz reopening? Shipping isn't holding its breath | October trial set for Mercuria v Baltic Exchange fight over Hormuz benchmarks...
High-and-heavy equipment makers tap into data centers for growth Caterpillar and Deere are key global manufacturers of high-and-heavy cargo and considered bellwether companies for the ro/ro breakbulk shipping segment.
Higher trans-Atlantic ocean rates plateau as demand rally slows Spot rates on the corridor hit their highest level of the year in the first half of May, but there are mixed views on whether demand will continue into the summer.
Choked container yards strain terminal operations at Sri Lanka's Colombo Port Industry sources say operations have been affected by yard congestion and associated delays in inter-terminal transfer activity, which is an integral part of transshipment operations.
Non-US offshore wind revival drives vessel ordering splurge Vessel operators are banking on rising demand for ships to support the growth of wind farm installations over the next decade.
Firefighter's appeal victory shows shipowners can face seaworthiness claims from non-seafarers Ruling by three-judge panel finds land-based employees can seek claims for unseaworthiness
Swedish Coast Guard ready to board more suspect ships in Baltic 'We do not know what we will encounter, so we board with muscle'
How US policy is pushing venture capital towards 'dual-use' maritime tech In this week's newsletter, we look at how Washington's focus on the maritime domain is helping stoke interest in technologies with both commercial and military implications. We also report on TMV's ABS-backed maritime fund, an award for a gallant crew and the continuing debate over President Donald Trump's waiver of the Jones Act
Early peak season surge drives container spot rates to four-month high Carriers turn the screw on shippers as container rates rally
Diana hikes its offer to buy Genco once more Greek owner now woos Genco shareholders with $24.80 per share, up from $23.50 before
Judges order damages after VLCC unlawfully detained for nine months Ray Car Carriers-owned tanker was detained by Equatorial Guinea and Nigeria and the crew mistreated
Turbocharged by geopolitics, Greek shipowners up the ante on LNG Liquid gas carriers become the cornerstone of alliance with the US
Fred Olsen quits Bonheur chair to focus on business development at the age of 97 Veteran Norwegian is not done with the industry just yet
Shipping drive helps push RINA past €1bn revenue barrier Italian class society says it is targeting international acquisitions
Adnoc LNG carrier gets through Strait of Hormuz Abu Dhabi is transiting vessels in both directions through blockaded waterway
Scorpio Tankers reveals S&P deals as it pays off debts Shipowner pays off five credit facilities, sells four ships and buys two newbuildings
Heidmar stock surges as tanker turmoil boosts profit Manager and pools company's momentum maintained by fleet expansion
Trafigura, Frontline and CMB.Tech bosses put their heads together on the future of fuel TFG Marine shareholders stress the importance of their collaboration in volatile markets
Hapag-Lloyd COO to leave board of German container giant COO steps down with no successor yet nominated
Dark fleet voyages still dominate as Russian oil trickles back into mainstream market Most of the Russian oil lifted this year comes with sanctions risk, Signal Ocean found
Jumbo inks heavylift order brace at Chinese yard Vessels will join JSI Alliance from 2028 and 2029
AI-driven cyber attacks: 'It used to be state-backed actors. Now it is Johnny in his back bedroom' Claude is already being used to expose industrial weaknesses as shipping faces future risks
Iran war turbocharges Sovcomflot profit as Russian owner hands out $163m dividend State-owned operation says strong tanker market and long-term coverage shored up performance in first quarter
Laid-up MISC LNG carrier duo sold on as trading buys Former Yemen LNG ships set for a new life in South East Asia
JP Morgan named as owner of five newbuildings inked at Samsung Major US bank has 12 vessels worth $1.66bn on order at shipyard
Navios banks $30m from bond tap issue in Oslo market Greek owner sells additional bonds at a premium
Cobelfret nets premium on bulker sales as it cashes in on hot market Cobelfret sold a pair of post-panamaxes this week, with one of the vessels sold at a record high of $36.5m
China Development Bank nets premium price for bulker quartet CDB FL is floating vessels on the Guangzhou Shipping Exchange as market values fall short of actual sale prices
Dutch broker rides Europe's coaster market as renewal wave builds Rod Schlick leads six brokers in Rotterdam and Riga
Navios lands long-term charter deals for two LR2s with Cosco Shipping Energy Transportation Vessels fixed on five-year charters worth nearly $120m
Jinhui sees 'strong resilience' in bulker rates as geopolitics redraw supply chains Owner covered capesizes at $23,000 per day and panamaxes at $19,000 for rest of the year
Cosco Shipping Energy expands VLEC fleet with Seaspan charters Jiangnan Shipyard is building the 100,000-cbm ships
CMB.Tech boosts stake in bunker group co-owned by Trafigura and Frontline Alexander Saverys explains commitment to TFG Marine after inheriting investment though Golden Ocean takeover
Hafnia up another $118m on Torm investment with M&A still on the table Mikael Skov is not giving up on tanker market consolidation
Capital Tankers mulls snapping up 'in the money' VLCCs from private Marinakis fleet Big earnings give the room to buy a number of optional ships without 'moving the needle'
Former Glencore shipping boss joins Braemar after leaving Frontline board Richard Prince becomes a director at London-listed broker
MPC Container Ships hikes profit guidance as $2bn backlog lifts outlook Company also sold 2008-built feeder vessel for $22.3m
How US policy is pushing venture capital towards 'dual-use' maritime tech In this week's newsletter, we look at how Washington's focus on the maritime domain is helping stoke interest in technologies with both commercial and military implications. We also report on TMV's ABS-backed maritime fund, an award for a gallant crew and the continuing debate over President Donald Trump's waiver of the Jones Act
Navios lands long-term charter deals for two LR2 with Cosco Shipping Energy Transportation Two vessels fixed on five-year charters worth a total of about $117m
FPSO chemical demands trigger offshore vessel retrofit push Newer offshore projects require capabilities many support vessels lack, says Bourbon
Indian Register boss wants dark fleet ships allowed into class Allow class to raise safety bar on sanctioned tankers before serious incident, argues Arun Sharma
Resale resurgence seen as more product tankers offloaded by Chinese shipowners Brokers link Seacon Shipping and CSSC venture to sale of clean carrier quartet
QatarEnergy charters out five LNG carriers on one-year deals Deals indicate world's single largest LNG producer likely to be long on tonnage for lengthier period than first expected
American Steel: How US policy is pushing venture capital towards 'dual-use' maritime tech In this week's newsletter, we look at how Washington's focus on the maritime domain is helping stoke interest in technologies with both commercial and military implications. We also report on TMV's ABS-backed maritime fund, an award for a gallant crew and the continuing debate over President Donald Trump's waiver of the Jones Act
Motive unveils integrated AI Stack at Vision 26 NASHVILLE, Tenn. - At its Vision 26 conference, Motive unveiled a product roadmap aimed at the two operational pain points fleet leaders repeatedly cite: fragmented systems and manual workflows that drain productivity. Central to the announcements is the AI Dashcam Plus, which combines telematics and cameras into a single horizontal-profile unit. The device runs on a Qualcomm AI processor with th
BMO's credit data shows little improvement despite stronger freight market Data from Canada's BMO on the trucking sector's credit conditions for the bank's second quarter suggests the upturn in freight rates has yet to significantly strengthen the finances of many of its clients. BMO, the former Bank of Montreal, is one of the largest lenders to the trucking sector. As a publicly-traded company, its quarterly data on various metrics in its transportation group-of which
Rail freight rolls on in latest data Shipments of forest products returned to earth after a brief comeback last week, but that didn't drag down strong U.S. railfreight volumes as intermodal led data higher. Total U.S. weekly rail traffic for the week ending May 23 was 523,574 carloads and intermodal units, up 7.2% compared with the same week a year ago, the Association of American Railroads said. Freight totaled 230,831 carloads, up
ArcBest launches shipment execution platform Transportation and logistics provider ArcBest announced Wednesday the launch of ArcBest View, a digital platform allowing logistics customers to manage all shipments and shipment functions through a single interface. ArcBest's ( NASDAQ: ARCB ) customers can now quote, book and track shipments from start to finish within one unified space. Key capabilities include direct access to shipment details
Why the safest freight brokerages are usually the most boring Cargo theft and freight fraud are not exciting topics. Nobody gets excited to review a carrier's inspection history or sit on hold listening to the same music while waiting to verify a certificate of insurance. There is nothing glamorous about vetting a carrier before a load moves. In fact, there are more verification steps today than ever before. The industry cannot move the same way it did year
UP refutes new AG claims, says it provided all answers in merger paperwork Union Pacific refuted claims by top law enforcement officials of six red states this week that it failed to provide required information when it filed a revised application with federal regulators for its merger with Norfolk Southern. In a Tuesday filing with the Surface Transportation Board, the Covington law firm said that the railroads met their obligations for additional information on: Marke
Six out of seven weeks: diesel benchmark down again The benchmark price used for most diesel surcharges fell for the sixth time in the last seven weeks, with the prospect of more declines ahead. This week's Department of Energy/Energy Information Administration average weekly retail diesel price fell 7.3 cents/gallon to $5.523/ g . Despite the six out of seven ratio, the benchmark used for most fuel surcharges is still more than where it was four
WATCH: Port of Virginia CEO talks about tariffs, investment, and why her new cranes are the most unique among U.S. container hubs VIRGINIA BEACH, Va. - Just weeks after she had delivered her first State of the Port address in April, the Virginia Port Authority had seen enough - elevating Sarah McCoy from interim leader to its new chief executive and executive director. The 11-year agency veteran and former chief counsel lands as one of the new generation of North American port leaders in an era where chaos, change and geopo
Cathay Pacific, Air China Cargo top up orders for Airbus A350 freighter ( UPDATED May 27, 2026, 9:58 a.m. ET ) Hong Kong-based Cathay Pacific on Wednesday announced it has exercised options to buy two additional Airbus A350 freighter aircraft, bringing its total commitment for the new aircraft type to eight units. Meanwhile, Air China Cargo placed a firm order with Airbus for four additional A350 freighter aircraft, bringing its total order for the new type to 10 air
Ontario's driver training system riddled with oversight failures, audit says An auditor general report from the Canadian province of Ontario has concluded authorities failed to effectively monitor commercial truck driver training, inspections and licensing, uncovering widespread compliance gaps that industry groups warn have jeopardized highway safety for years. The May 12 audit found that some truck driving schools issued Entry Level Training (ELT) certificates without p
House committee OKs transportation bill that cuts wide swath across trucking The first key step toward turning into law the sweeping surface transportation bill was approved overwhelmingly Friday by the House Transportation & Infrastructure (T&I) committee, raising the question of which of its many provisions is the most significant for the trucking sector. The bill, known also as the BUILD America 250 Act, has a 5-year authorization period, replacing a bill that also was
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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