ASSA welcomes Terry Nawara and David Finn to its board Terry Nawara of Marotta Controls and David Finn of J.A. Moody have been elected to the board of the the American Shipbuilding Suppliers Association (ASSA), adding two U.S. Navy veterans and experienced
Hanwha Ocean floating data center concept wins ABS AiP ABS has issued approval in principle (AiP) to Hanwha Ocean for its concept design for a 60 megawatt (MW) floating data center. The concept reflects continued progress in the development of floating
Photon Marine wins $1M Megaboost Award for Erie Canal marine electrification project The NSF Energy Storage Engine in Upstate New York has selected Portland, Oregon-based electric marine innovator Photon Marine to receive its inaugural $1 million MegaBoost award. It will put a production-grade electric
Carnival Corporation reports record earnings and record bookings The world's largest cruise shipping company, Miami-headquartered Carnival Corporation (NYSE:CCL) says that its business is "delivering unforgettable happiness." Some of that happiness seems to have reached the markets this morning, with the
First female Coast Guard Commandant Linda Fagan to keynote Top Women in Maritime Former U.S. Coast Guard Commandant Adm. Linda L. Fagan (USCG, ret.), whose nearly four-decade career broke barriers while spanning marine safety, operations and leadership at the highest levels of the service, will
Savannah's Ocean Terminal renovations now 60% complete Georgia Ports Authority reports that renovations at the Port of Savannah's Ocean Terminal are now more than 60% complete. The $1.6 billion project will increase the facility's annual container capacity from 200,000
Yusen Logistics opens 111,000-sqm automated logistics hub in UK Yusen Logistics has officially opened its new Sustainable Distribution Centre in Northampton, UK, adding nearly 111,000 square metres of automated warehousing capacity to its logistics network. The 1.2 million-square-foot facility has 236,000 pallet positions and combines warehouse automation with low-carbon infrastructure. It has been operational since June, with the official opening ceremony ta
When the route becomes the lever Trade corridors have become geopolitical assets and their day-to-day operation is becoming a source of strategic uncertainty. Corridor sovereignty, the ability to coordinate trade across borders without surrendering control over sensitive information, emerges as a logistics-governance argument. Sovereignty is not a term of supply-chain efficiency but it is a term of power
MSC announces new Far East to Europe FAK rates MSC has announced new Freight All Kinds (FAK) rates from the Far East to North Europe, the Mediterranean and the Black Sea. The rates apply from 19 October 2026 until further notice, but no later than 31 October 2026. The origin scope covers all Far East ports, including ports in Japan, South Korea and Southeast Asia. Destination 20-foot dry 40-foot dry and high cube North Europe US$3,150 US$4,50
Maersk completes first US ethanol bunkering of deep-sea container vessel Maersk has completed the first ship-to-ship commercial ethanol bunkering of a deep-sea container vessel in the United States. The operation involved Tangier Maersk, a dual-fuel alcohol-enabled container ship, which received 100% US-produced corn ethanol. According to Maersk, the operation provided practical insight into the infrastructure, sourcing, operations and supply chain requirements associ
Ship launching and hauling facility opens at port of Corigliano The Port of Corigliano has inaugurated Calabria's largest haulage and launching facility at the Cantieri Nautici Feraco shipyard, marking a significant step in the port's diversification strategy and its ambition to develop nautical and recreational activities alongside its commercial vocation. The inauguration took place during the Mare in Movimento event, which hosted the Italian Jet Ski and Hy
MPA Singapore and Brunei Maritime Authority strengthen maritime and port cooperation The Maritime and Port Authority of Singapore and the Maritime and Port Authority of Brunei Darussalam have signed a Memorandum of Understanding to enhance bilateral maritime and port cooperation, signed on the sidelines of the 12th Singapore-Brunei Young Leaders' Programme held from September 28 to October 2, 2026. The MOU was signed by Ang Wee Keong, Chief Executive of MPA, and Captain (Ret.) Zi
Hapag-Lloyd sees tight container shipping market despite large orderbook Hapag-Lloyd does not currently see a major imbalance between container shipping supply and demand despite the industry's large vessel orderbook, according to CEO Rolf Habben Jansen. Habben Jansen described the present market as "fairly tight," pointing to the recent strength in short-term freight rates as an indication of current capacity conditions. "Despite a large order book, we do not see a b
MSC introduces surcharge from Europe to Middle East MSC will introduce a Regional Cost Recovery (RCR) surcharge on shipments from Europe to the Middle East, covering the United Arab Emirates and Upper Gulf markets. The carrier attributed the measure to sustained demand growth on the trade. The surcharge will apply from 1 October 2026, based on the booking date, and will remain in effect until further notice. Container type Surcharge 20-foot and 40
Global freight rates soften despite US gains Global container freight benchmarks softened in the latest readings, but the underlying trade-lane picture remained sharply divided. Transpacific rates continued to strengthen, particularly in the NYSHEX Freight Index (NYFI), while Asia-Europe extended its decline. At the same time, the Shanghai Containerized Freight Index (SCFI) was virtually unchanged, the China Containerized Freight Index (CCF
ONE adds second Rio de Janeiro call to SX2 service Ocean Network Express (ONE) will add an eastbound call at Rio de Janeiro to its weekly East Coast South America Express 2 (SX2) service. The additional call will give the service two stops at Rio de Janeiro during each round voyage. The revised SX2 rotation will be: Pusan - Shanghai - Shekou - Singapore - Rio de Janeiro - Santos - Itapoa - Rio de Janeiro - Singapore - Cai Mep - Haiphong The updat
Hapag-Lloyd details improved ZIM proposal as talks with Israel intensify Hapag-Lloyd has provided new details on its revised proposal to acquire ZIM, outlining measures designed to address concerns raised by the Israeli government over maritime security and independence. CEO Rolf Habben Jansen said the improved proposal would give Israel greater maritime independence by expanding ZIM Israel's shipping capabilities, strengthening protections around sensitive cargo and
Panama Canal raises vessel draft and daily transit capacity The Panama Canal will increase daily transit capacity and allow deeper drafts for Neopanamax vessels as water conditions improve across the Canal watershed. From 15 October 2026, the Canal will offer 10 daily transit slots through the Neopanamax locks. This will bring total capacity across the Neopanamax and Panamax locks to 33 transits per day. At the same time, the maximum authorised draft for
WISTA International launches new Associate Membership category WISTA International has introduced a new Associate Membership category, opening its global network to maritime organisations that are unable to join through a National WISTA Association (NWA). The new membership option is aimed at companies, institutions and other organisations that support WISTA's work on gender diversity and inclusion but do not currently have access to an appropriate corporate
Trade keeps moving but who pays for the resilience? Record container volumes hide a structural shift of maritime power toward carriers
Maersk cuts emergency surcharge from Indian Subcontinent to Latin America Maersk will reduce its Emergency Contingency Surcharge (ECS) on the B1S trade from the Indian Subcontinent to the West Coast of Latin America. The surcharge will decrease by US$500 across all listed container types from the Price Calculation Date of 10 October 2026. The revised charges cover shipments to the West Coast of South America, the Caribbean and Central America. Origin region 20-foot dry
Iran is losing leverage over Hormuz faster than it is losing control of it Middle East oil exports are back to about 94% of their pre-war level, but the recovery was built largely around the Strait of Hormuz, not through it. Iran is losing leverage faster than it is losing control
JNPA secures US$70 million IFC financing for shore power project Jawaharlal Nehru Port Authority (JNPA) is set to receive up to US$70 million in financing from the International Finance Corporation (IFC) to develop shore power infrastructure across its terminals in India. The IFC financing will support capital expenditure for the project, which is planned to be implemented in two phases over the next two to three years. IFC's Board approved a US$70 million inv
Port Houston advances ship channel planning and export growth initiatives The Port Commission of the Port of Houston Authority convened its regular monthly meeting, advancing a range of initiatives spanning export development, workforce education, maritime infrastructure and Ship Channel planning. Chairman Ric Campo highlighted the recent launch of Export Houston, a three-part programme developed in partnership with the Greater Houston Partnership to help local busines
COSCO SHIPPING delivers China's first domestically built 88,000-cbm VLGC COSCO SHIPPING (Qidong) Offshore has delivered the 88,000-cbm CHANG PING YUAN , which China Classification Society (CCS) describes as the first domestically designed and built VLGC under the Chinese flag. The new vessel combines LPG dual-fuel propulsion with energy-saving technologies and intelligent ship systems. It has also been designed to carry ammonia, giving it greater flexibility for the f
Port Otago and Napier Port launch new dredger for harbour maintenance Port Otago and Napier Port have reached a major milestone in their joint dredging programme with the launch of a new Damen TSHD 1000 in Vietnam. The trailing suction hopper dredger was launched at Damen partner 189 Shipyard and is scheduled for delivery later this year. Once operational, it will provide dedicated harbour maintenance capacity for the two New Zealand ports. New dredger to serve bot
AI risks hollowing out shipping's next generation of expertise Shipping's AI debate is moving rapidly beyond technology towards the far more difficult question of what happens to the people expected to work alongside it. That was the central theme running through the AI, Digitalisation and the Maritime Workforce panel at last week's Splash Singapore, where executives from shipping, technology, classification and mining wrestled with ...
Geneva Dry unveils expanded agenda for 2027 edition Geneva Dry, the world's premier annual dry bulk shipping conference, has launched marketing for its 2027 edition with an expanded agenda featuring new sessions on bauxite, investment and crewing, alongside a significantly revamped workshop programme. The fourth edition of Geneva Dry will return to the Hotel President Wilson on the shores of Lake Geneva on ...
Scorpio pushes fleet renewal with tanker newbuilds and ship sales Scorpio Tankers has doubled its directly controlled VLCC orderbook and added another pair of LR2s in China, committing $415.6m to four newbuildings while continuing to clear older tonnage from its fleet. The Emanuele Lauro-led owner has agreed to acquire two scrubber-fitted VLCCs at Hengli Shipbuilding in Dalian for $135m apiece. The ships are scheduled for ...
Tufton scores 81% uplift on MR charter London-listed Tufton Assets has capitalised on the strong tanker market, fixing one of its MR product tankers at $39,000 per day, an 81% increase on the vessel's existing employment. The Mia Grace has been fixed for 12 to 14 months, up from its current rate of $21,500 per day. The new charter is expected to ...
Great Eastern adds newbuild suezmax to fleet renewal drive India's Great Eastern Shipping has contracted to acquire a 157,000 dwt newbuilding suezmax, adding a yard-built ship to a fleet renewal drive that has so far been dominated by secondhand transactions. The Mumbai-listed owner disclosed the deal late on Monday, saying the tanker will be constructed by an unnamed leading shipbuilder in the Far East ...
Bernhard Schulte Shipmanagement buys into Norwegian crewing specialist Germany's Bernhard Schulte Shipmanagement has agreed to acquire a 50% interest in Kristiansand-based OffshoreCrew, widening the shipmanager's access to specialised offshore personnel. OffshoreCrew supplies recruitment, agency staffing, crew-management services, and maintains an internal database of around 30,000 offshore professionals. The company sources personnel for offshore vessels and projec
Hoa Phat goes local for latest bulker newbuild Vietnamese steelmaker Hoa Phat has turned to a domestic yard for its latest fleet expansion, contracting Nam Trieu Shipbuilding to build an ultramax bulk carrier. Hoa Phat Shipping signed the contract for the 65,000 dwt unit with the Haiphong-based yard, better known as NASICO, with Vietnamese firm Viet Han Ship Design and Technical Services responsible ...
KKB unit bags Shell deal for Malaysian offshore developments Malaysian fabricator OceanMight has secured an engineering, procurement, and construction contract from Shell for fixed offshore structures linked to several field developments off Malaysia. Parent company KKB Engineering said OceanMight received a letter of award covering the SK408 Teja and Pepulut developments as well as the Temu and Inai fields. The contract work will run ...
Tsakos clears out oldest ship as fleet renewal rolls on Tsakos Energy Navigation has sold the oldest ship in its fleet, continuing to clear out ageing tonnage as a 26-vessel newbuilding programme feeds younger ships into the company. The New York-listed Greek owner said the 2003-built panamax/LR1 tanker Andes has been sold to independent third parties. The deal will generate around $13m of free cash ...
Mermaid teams with Marine Platforms for Nigeria subsea push Thailand's Mermaid Maritime has teamed up with Nigerian offshore services player Marine Platforms to establish a local subsea joint venture targeting work with TotalEnergies and other oil and gas majors. The Singapore-listed offshore contractor has taken a 49% stake in Mermaid Subsea Services through wholly owned Mermaid Subsea Oil and Gas Services, with Marine Platforms ...
Amer Shipping adds two more Concordia Damen river bulkers Dutch inland shipping player Amer Shipping has returned to Concordia Damen for two more CDS dry cargo 110 newbuilds, taking its series of the shallow-draught vessels to six. The 110 m ships are scheduled for delivery in the fourth quarter of 2027 and the second quarter of 2028. The first, to be named AM Lianova, ...
Google, Microsoft and DSV join green shipping buyers alliance Google, Microsoft and logistics giant DSV have joined the Zero Emission Maritime Buyers Alliance (ZEMBA). ZEMBA pools demand from cargo owners before tendering for shipping services powered by low- and zero-emission fuels, allowing participating companies to tackle Scope 3 emissions generated in their supply chains. The alliance's first tender was won by Hapag-Lloyd, which used ...
Jefferson to buy Port Arthur terminal in $255m logistics deal FTAI Infrastructure subsidiary Jefferson has agreed to acquire the Port Arthur Terminal in Texas and a 50% interest in a diluent recovery unit in Hardisty, Alberta, from USD Group in a $255m deal. The assets form an integrated crude oil logistics chain serving the US Gulf Coast under a long-term take-or-pay contract with a major ...
HNA wraps up $52m bulker disposal sweep Shanghai-listed HNA Technology has agreed to sell the last of three bulkers earmarked for disposal, taking the combined value of its latest fleet sales to $51.55m. The company's wholly owned unit Asian Star Marine has struck a deal to sell the 2012-built capesize Bulk Joyance to Hong Kong-registered Ripley Holding for $31.1m. Delivery is scheduled ...
Maersk completes first 100% bioethanol bunkering in US Maersk has completed the first bunkering of a vessel with 100% bioethanol in the US, using fuel supplied by American producer POET. The trial took place in Houston and marks another step in Maersk's testing of bioethanol across its dual-fuel fleet. POET, which describes itself as the world's largest bioethanol producer, supplied the plant-based fuel. ...
Kpler data highlights terminal-level congestion hidden by port averages New analysis from Kpler has highlighted how headline port congestion figures can conceal substantial differences between individual terminals, potentially distorting carrier negotiations over rotations, service levels and pricing. Kpler compared two competing ports in the Netherlands and Belgium across 2,731 terminal calls involving 647 vessels above 5,000 teu over a trailing 12-month period. Fro
Red Sea convoy demand overwhelms EU escort capacity Merchant vessels are now queuing for naval escorts through the southern Red Sea, with the European Union admitting that its Aspides mission does not have enough warships to meet demand. EU foreign policy chief Kaja Kallas made the unusually stark admission following a meeting of European defence ministers in Brussels on Monday. "There are commercial ...
VLCC S&P activity accelerates sharply in September VLCC sale and purchase activity accelerated sharply in September, with 14 transactions registered compared with five in August, according to VesselsValue's sales register, which has still to list sales from week 39. Tanker asset values have climbed, with five-year-old VLCCs reported at $180m, up 6.51% week-on-week, AXIA Shipbrokers reported. Disclosed transaction values reached approximately $1.5
Rains ease water pressure at the Panama Canal The Panama Canal is beginning to loosen restrictions after months of tightening, raising both allowable draft and daily transit capacity as rainfall improves the outlook for Gatun Lake. From October 15, the canal will increase neopanamax transits to 10 a day, taking combined neopanamax and panamax capacity to 33 daily slots. The maximum authorised draft ...
Kribi iron ore corridor lines up demand for 80 capesizes A potentially significant new capesize tradelane is taking shape in Central Africa, with plans to move as much as 100m tonnes of iron ore a year from landlocked Central African Republic through Cameroon's deepwater port of Kribi. Drewry estimates that if the proposed CAR-Kribi corridor reaches anything close to its planned scale, it could create ...
Shipping's record boom still trails the 1970s in real terms Shipping may be breaking nominal earnings records almost by the week, but a new long-range analysis from Affinity Shipping suggests the industry still has some way to go before it can claim to be living through the greatest boom in its history. Clarksons' cross-sector ClarkSea Index reached another all-time high of $66,421 a day last ...
Bunker prices escalate as Hormuz crisis drags on After a brief reprieve coinciding with the US-Iran peace MoU, bunker prices have headed higher again in recent months. Pricing...
The Daily View: Hard NOx truths - why shipping's emissions rules are falling short
VLCCs resume Yanbu liftings as Saudi pipeline comes back online Saudi Arabia's Hormuz bypass is back in business, if only partially, three weeks after drone attacks knocked out its only...
Ten years of NOx Tier III limits have done little to improve air quality Ten years of NOx Tier III limits on shipping in emissions control areas have failed to improve air quality. Fixes...
EU 'cross-border lending ban' will exclude Asia lease finance deals EU rules aimed at tightening oversight of foreign lenders are unlikely to shut European shipowners out of Asian lease finance...
Guinea bauxite boom lifts capesize earnings and values Long-haul cargo growth pushed average tonne-mile demand up 5.3%, while benchmark capesize earnings climbed nearly 80% year on year
Puntland forces free tanker Honour 25 after five-month Somali pirate hijacking Puntland security forces have freed the hijacked tanker Honour 25 after more than five months in pirate captivity off Somalia...
Panama Canal eases restrictions as rainfall outlook improves Weeks after warning of potentially deeper cuts to vessel traffic, the Panama Canal has increased daily transit capacity and restored...
KOTC tanker struck in Strait of Hormuz Kuwait Oil Tanker Company-managed VLCC Al Funtas suffered a fire after being struck by a suspected projectile while transiting the...
Israel raises fresh objections to $4.2bn Hapag-Lloyd takeover of Zim Israel's finance ministry has opposed Hapag-Lloyd's proposed $4.2bn takeover of Zim, citing national security and foreign influence concerns, raising fresh...
Gard combined ratio at break-even Tiny underwriting deficit but satisfying first-half profit
Malaysia outlines maritime ambitions amid port expansions and bunkering reforms Transport Minister Anthony Loke reaffirmed Malaysia's commitment to strengthening its maritime efforts despite ongoing geopolitical volatility at the opening of...
Daily Briefing '30-for-30' tariff deal to lift China-US long haul at expense of Asean rerouting | Hormuz crisis evolves into even greater...
Hormuz crisis evolves into even greater moneymaker for tanker owners Historic rate-positive consequences of the Hormuz shuttle trade and Gulf of Oman ship-to-ship transfer operations are reverberating across the world's...
Hapag-Lloyd makes second upward revision to 2026 profit outlook The carrier boosted its earnings guidance for the year by roughly $1 billion, citing continued strength in spot freight rates.
Great White launches new reefer services, expands fleet The refrigerated ocean carrier next month will start two ocean services connecting South America to the US and Europe, and an intermodal rail link from the Midwest to the Gulf Coast designed for exports to Central America.
Savannah's Ocean Terminal ready for large ships as upgrade work continues A $1.6 billion renovation project that will boost the terminal's annual capacity to 1.75 million TEUs is more than halfway complete, according to the Georgia Ports Authority.
Carriers roll out Asia-Europe rate hikes despite seasonal cargo slump Liners are trying to halt a three-month rate slide on the trade lane, but will have their hands full amid China's holiday export slowdown and significant capacity being injected amid an increasing number of services reverting to Suez transits.
Robust demand drives fresh wave of orders for car carriers, ro/ro vessels European and Chinese roll-on/roll-off cargo carriers have placed orders for new ships in a bid to relieve tight capacity in the market.
Diesel supply squeeze could keep fuel costs elevated for 'years': S&P Global With inventories worldwide being depleted, there is little room to absorb additional supply shocks, Amy Groeschel of S&P Global Energy told attendees at the Journal of Commerce Inland26 Conference.
Bulkers stand to reap rewards as India ramps up coal production Indian government orders coal plants to operate at maximum
Great Eastern marks major tactical shift in resale swoop for suezmax newbuild Indian owner says new crude tanker will join the fleet in the second half of 2028-29 financial year
Alphaliner reveals which Indonesian liner operator rules the roost Samudera has biggest fleet by capacity, while Meratus leads on vessel count
Carnival adds more than $4bn in market value as record earnings surge past expectations Cruise giant makes slight increase to full-year guidance
DHT scores $55m Red Sea fixture after Yanbu VLCC loadings start Vessel tracking data shows SK Shipping VLCC picked up up crude cargo at Saudi port
More terrorism victims file claims against Trump-seized VLCC Latest filings add claimants with another $1.78bn in judgments against Iran
Quartermaster funding round puts it more than half way to coveted $1bn 'unicorn' status Chief executive wants more than 20,000 ships on SmartMast nework
Cosco Shipping Specialized doubles down with 14 more heavylift ships Chinese shipowner identifies capacity shortfall as advanced manufacturing exports drive specialised cargo demand
Capesize spot market cools as charterers take a break Activity in both basins has been quieter than last week
Deadly Ukrainian strike on banned ship leaves seafarer missing in Black Sea Attack on cargo vessel highlights the risky, lawless and shifting nature of Black Sea trade
Capesize spot market cools off as charterers take a break Activity in both basins has been quieter than last week
Scorpio Tankers orders VLCC pair as part of fleet reshuffle Product tanker owner brings total to four VLCCs, while ordering two more LR2s
Eastern Pacific Shipping inks car carrier charter with Spanish owner Suardiaz The contract for the new LNG dual-fuel ship is said to run for 10 years
Crude flows resume to key Saudi Red Sea tanker port after Houthi pipeline hit Infrastructure carrying oil to Yanbu was damaged in 10 September drone attacks
Evalend Shipping breaks into newcastlemaxes with newbuilding series Greek company has ordered five conventionally fuelled large bulkers
BSM pushes into offshore market as it snaps up Norwegian recruitment firm Company set to take 50% stake in Kristiansand-based OffshoreCrew
Joakim Hannisdahl launches crypto fund as long-term shipping investments struggle Norwegian investor has come up with an algorithm for new sector
AP Moller Capital sells compressed natural gas business in Nigeria Danish shipping group's investment arm has exited its position in Powergas
NYK buys into Norwegian carbon capture and storage venture Shipowner is looking to broaden its interests in carbon capture and storage along value chain
Russian bulker master charged by Ukraine over alleged grain smuggling Security Service says Mykola Yelagin has helped ship 54,000 tonnes out of Russian-occupied territories
Forward VLCC rates support resale values above $250m, Clarksons says Frode Morkedal sees more upside for owners that have held on to modern tankers
Torm linked to sale of second-oldest tanker after value jumps Disposal would mark only the second this year by Danish owner
Stephenson Harwood boosts litigation team with Clyde & Co insurance hire UK law firm adds litigation specialist as a partner
Karpowership confirms LNG carrier buy as it refines multi-use FSRU strategy Shipowner is increasing its power generation capacity with eye on AI data centre business in US
Missing seafarers found dead after attack on tanker blacklisted by Iran The confirmed marine toll from conflict in the Middle East climbs to 25 seafarers
VLCC 'ablaze' after new Strait of Hormuz ship strike as Iran-US talks fizzle out Fire reportedly breaks out on vessel in US-protected route
Hafnia and Torm $8bn merger talks are moving closer, analyst says Merger would create one of the largest listed shipping companies
Shell greenlights doubling of LNG Canada capacity Additional volumes set to offer new supply line for Asia while boosting major's own portfolio
Shipowner launches new bid for damages over Pacific Islands bulker grounding Claim by owner and P&I club follows court reversal in bunker spill case
'Major disaster' averted after chemical tanker takes on water Coastguard boarded Chinese vessel that was listing off Paradip
'Smells like trouble': DNB weighs Hormuz oil drain and Trump diesel ban Energy expert says standoff over the strait leaves the market one ceasefire away from flipping into oversupply
New Braemar boss Foley 'delighted' as profit heads up in record markets First-half operating profit has risen 7%, broker says in trading update
Tufton sets new product tanker rate benchmark with fresh charter A 12-year-old MR fixed for a year at $39,000 per day
Tug ballet provides dazzling finale for marine insurance meet in Rotterdam Spectacular show lightens the mood after meeting dominated by war and geopolitics
Iran will blacklist charterers' fleets if they 'force' ships through Strait of Hormuz Strait authority PGSA publishes letter purporting to be from pressured shipowner
Tsakos Energy Navigation sells product tanker to UAE-based interests Greek owner sells oldest ship in $3bn fleet renewal drive
China CSSC sees margins holding up for up to two years Shipbuilding giant says higher-priced contracts signed in 2023 and 2024 are moving through its delivery programme
Video Q&A: Tidewater CEO looks ahead to M&A as first and largest offshore vessel owner turns 70 TradeWinds sits down with Quintin Kneen to discuss US company's latest M&A deal and the markets where its next one might take place
Fierce bidding puts a premium on Chinese bulker sales More than 200 bids propel two 1997-built vessels to $11.75m
Panama Canal Authority eases restrictions at strategic chokepoint amid improving rainfall One daily neo-panamax slot returned and maximum draught increased
Michigan semi stop uncovers 368 pounds of suspected heroin, 174 handguns Michigan State Police Motor Carrier Officers stopped a semi-truck Thursday on Interstate 69 near Marshall, Michigan. The commercial vehicle stop happened around 2 p.m. on Sept. 24. Troopers soon discovered far more than a typical roadside inspection. Inside the truck, authorities found hundreds of pounds of suspected heroin and 174 handguns. Police reported finding 92 bundles containing approxima
Trump to visit Texas plant to tout manufacturing agenda President Donald Trump will visit Peterbilt Motors' manufacturing facility in Denton, Texas, on Thursday, where he is expected to tour the truck plant and speak to workers as the White House promotes its trade and manufacturing policies. The White House said Trump will use the appearance to highlight his economic agenda and its impact on U.S. manufacturing, NBCDFW reported. The stop puts one of t
Supply Chain Economy: Why Consumer Sentiment is CRASHING Despite Growth The economy is expanding, yet consumer sentiment is dipping below Global Financial Crisis levels. Dr. Jason Miller breaks down the surprising disconnect, revealing how everything from AI CapEx and rising interest rates to local NIMBYism and GLP-1 drugs are shaping the freight market. Discover which sectors are booming and which are hurting, and what it all means for supply chain pros in 2024 and
Diesel Hits Record High, Driver Pay Up 50% Diesel prices soaring to new highs, driver pay increasing, and operating costs up 40-50% since 2019 are reshaping the freight landscape. David Parker of Covenant Logistics Group joins us to break down the latest SONAR data, discussing everything from tight drayage capacity to the surprising impact of NIMBYism on data center growth and its implications for the supply chain. Discover whether the tr
The Freight Market is Healthier Than You Think David Parker, CEO of Covenant Logistics Group, discusses the evolving freight landscape, including the impact of emissions standards, the move away from commoditized OTR, and surprising insights into specialized markets like live chicken hauling. He shares his views on the future of electric and autonomous trucks, and how economic factors like GLP-1 drugs are affecting consumer freight. The U.S.
10 Blind Spots in Cold Chain Risk Management You Might Not Know You Have Most shippers, by this point, tend to believe they have visibility into their cold chain. What "visibility" truly covers, though, is often little more than surface-level location data. The gap between knowing where a shipment is and knowing what happened to it along the way is where cold chain programs can come across some of their costliest failures, whether the cargo is a pallet of insulin or a
Kodiak taps IKEA to launch driverless freight on I-45 Kodiak AI will haul IKEA freight with no one in the cab later this year, the autonomous trucking company said Tuesday. IKEA Supply is the launch shipper for Kodiak's driverless long-haul service, which starts on a 219-mile stretch of Interstate 45 in Texas. The driver-out leg runs primarily between Kodiak's Houston and Dallas-area facilities. It is part of an established 292-mile delivery route c
Arkansas I-40 truck inspections uncover $5.1M in cocaine plus meth and stolen UTV Arkansas Highway Police announced Sept. 24 that officers uncovered 254 kilograms of cocaine during a commercial vehicle stop along Interstate 40. K9 Mack alerted troopers to the rig during the Arkansas inspection. Officers searched the equipment and also located two kilograms of methamphetamine. Authorities estimated the cocaine's street value at $5.1 million. The methamphetamine carried an estim
Airbus A350 freighter aircraft completes initial test flight Airbus on Tuesday successfully completed the first test flight of its new A350 widebody freighter, marking a major milestone towards the anticipated first commercial delivery of the aircraft in late 2027. Airbus has tallied 103 orders from 14 customers for the next-generation widebody freighter, which will be the airframer's first production aircraft effectively able to challenge Boeing's dominan
After Lineage fire, new California laws target cold-storage warehouses California Gov. Gavin Newsom has signed legislation that will require some cold-storage operators to establish emergency financial resources for affected communities and allow local governments to impose substantially higher penalties for health and safety violations. The measures, Assembly Bill 817 and Senate Bill 716, follo the June 17 fire at a nearly 500,000-square-foot Lineage cold-storage w
New limits: More ships can transit this key cargo chokepoint The Panama Canal Authority will increase the number of daily Neopanamax-lock transits to 10 beginning Oct. 15, lifting total daily capacity across the Neopanamax and Panamax locks to 33 slots as water conditions improve, the authority said Tuesday. The increase is based on present and projected Gatun Lake levels, following near-average rainfall in the canal watershed and water-conservation measur
Daimler Truck: concerned about using cash to avoid new NoX rules (Editor's note: an earlier version incorrectly attributed a statement to the Engine Manufacturers Association. The statement came from the Manufacturers of Emission Controls Association.) Madras, Oregon-As the truck manufacturing community awaits word on what the final rule on NoX emissions from heavy and medium duty vehicles will be, Daimler Truck North America (Frankfurt/XETRA: DTNA) is express
Finalists Announced for 2026 Transition Trucking: Driving for Excellence Award CHILLICOTHE, OH., Sept. 28, 2026 - Finalists for the 11th annual "Transition Trucking: Driving for Excellence" award were recently announced by Kenworth Truck Company, Fastport, and the U.S. Chamber of Commerce Foundation's Hiring Our Heroes program. This distinguished award celebrates military veterans who have successfully transitioned into professional truck driving careers. Following a thorou
Trimble upgrades 4 Carrier TMSs to work with AI agents SAN DIEGO - Trimble is making four of its long-running carrier transportation management systems browser-based and agent-ready, the company announced Monday at its Insight 2026 conference. Carriers on Innovative, TruckMate, TMW.Suite and Fuel Dispatch get the changes as updates to the software they already run, with no platform migration required. The TMS updates were among nearly 20 features and
Trimble keeps freight business sale on the table while unveiling new AI tools SAN DIEGO - Trimble's review of its transportation and logistics business remains underway, and multiple outside parties remain interested in the unit, CEO Rob Painter said Monday at the company's Insight 2026 conference. Painter offered no timetable or indication that a sale has become more likely. Asked whether the review could also include a spinoff, he said its purpose was to determine what w
AI's buzz in trucking is justified: Trimble panel San Diego-Lee Klaskow, the senior analyst for logistics at Bloomberg, has seen a lot of hyped technology in his years covering the industry. Many of them have not panned out. But he's sold on AI. In a morning session on day of the Trimble Insight (NASDAQ: TRMB) conference here, after leading executives at Trimble had spoken of AI much of the morning, Klaskow appeared on a panel with Craig Fuller,
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