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Ammonia-Powered Bulk Carrier Takes on Green Fuel in Australian First
Australia has completed its first green ammonia bunkering operation involving an ammonia-powered bulk carrier, marking another step toward bringing alternative fuels into commercial shipping. The operation took place earlier this...
STB turns UP-NS merger fight into inquiry over shipper intimidation
Union Pacific must disclose Jim Vena’s conference video and produce records about possible retaliation. The railroad denies making threats, and regulators have yet to decide whether anyone was intimidated – or whether the merger review should continue. For a regulator assessing the largest proposed US railroad combina…
MARAD Approves $1 Billion Offshore Crude Oil Export Port Off Louisiana
The Trump administration has approved a $1 billion offshore crude oil export project off the coast of Louisiana, clearing a major regulatory hurdle for a facility designed to load some...
War Comes to NATO’s Black Sea Coast, and Shipping Starts Saying No
Maritime experts warn that the westward spread of attacks between Russia and Ukraine, toward NATO coastlines, is now having commercial consequences.
IMO Backs Dominguez for Second Term Amid Shipping Attacks and Climate Deadlock
The International Maritime Organization (IMO) Council has backed Secretary-General Arsenio Dominguez for a second four-year term, extending its support for his leadership despite the organization’s failure to adopt its landmark...
Nasdaq plunges into correction territory
CNBC reports: The Nasdaq Composite plummeted on Thursday, erasing the sharp gains from the previous session, as investors accelerated their move away from technology stocks in the wake of the U.S. midterm elections. The tech-heavy Nasdaq declined 3.9% and dipped into correction territory, trading more than 10% below a…
Detention fees have a simple problem: a bigger bill cannot move a box that cannot move
The US Federal Maritime Commission wants research into when charges above compensatory cost actually speed cargo movement. For shippers, the critical distinction is between a delay they can prevent and one they cannot. A container is ready to leave a terminal, the trucker has an appointment, and the importer chooses t…
Maersk’s 26-Ship LNG Order Adds Nearly Half a Million TEU to Newbuilding Pipeline
A.P. Moller-Maersk is pressing ahead with one of its largest containership ordering programs in years, confirming in its third-quarter earnings report that it has ordered 26 LNG dual-fuel vessels with...
The Hidden Liabilities In Maritime Acquisitions
What Buyers, Sellers and Investors Often Miss During Due DiligenceBy Sabrina Brigance, CMIP, Managing Director, Marine Practice, Hylant Maritime mergers and acquisitions can create significant opportunities for growth. Private equity...
France Extends Maritime Patrol Plane’s Stay in Black Sea After Cargo Ship Attacks
A French maritime patrol aircraft deployed to Romania to bolster surveillance after a series of deadly strikes on merchant ships in the Black Sea on the edge of NATO's eastern flank will extend its stay by several weeks, its commander said on Thursday.
Uzbekistan Plans to Upgrade Olot Border Crossing with Turkmenistan
Uzbekistan is considering upgrading the Olot border crossing with Turkmenistan, including a new bridge and changes to freight transport procedures.
Port of Long Beach set to handle record 10m teu this year
The Californian port of Long Beach is predicted to handle more than 10m teu this year, for the first time. “It’s been a peak year,” Port of Long Beach CEO Noel Hacegaba told The Loadstar on the sidelines of the World Ports Conference in London this week. “This could well be the first 10m teu year for us.” His comments…
US importers should reconsider farming out customs paperwork, warns CargoTrans
US importers using ‘delivered duty-paid’ (DDP) shipping arrangements face increasing compliance and financial risks, as Customs and Border Protection (CBP) intensifies its scrutiny of foreign importers of record, according to CargoTrans. Nunzio De Filippis, co-CEO, and Rennie Alston, director of trade compliance, warn…
Mærsk prints billions, but doesn’t build confidence
It was a strong quarter for all three units. (Stock market reaction: -11.6% in early trade.) So opened the Q3 26 call with analysts by AP Møller-Mærsk (APMM) CEO Vincent Clerc, whose prepared remarks went on, and on, and on, and on for well over 10 minutes. That did feel like a good hour of my life wasted again and th…
Ocean the star as Maersk reports Q3 bump in revenue, but drop in volume
Maersk experienced a 27% year-on-year bump in its third-quarter revenues, hitting $18.1bn, buoyed by a sharp rise in container freight rates that more than offset a slight dip in volumes, prompting it to join ONE in revising its full-year outlook. While the Danish shipping and logistics group said revenue growth had b…
‘Reminds me of Covid’: AI equipment chokes Taiwan’s air cargo gateway
Uncollected imports are clogging cargo warehouses at Taiwan Taoyuan Airport, tying up dollies and slowing aircraft unloading as equipment arrives to support the island’s AI and semiconductor industries, according to local forwarders. Seko Logistics has reported handling pressure affecting China Airlines, EVA Air, and …
Cristiano Ronaldo to Retire from Portugal National Team After November Matches
Cristiano Ronaldo has announced that November’s matches will be his last for Portugal, ending a 23-year international career with 234 appearances and 146 goals.
DHL’s growth broadening beyond Express – Global Forwarding sparkles
With the headline numbers pre-released three weeks ago, the full third-quarter report matters most for where DHL’s growth is coming from. Express still earns about 60% of group profit, but forwarding is winning air freight faster than its main rivals in a tight market, and Supply Chain’s new contracts are up 42% this …
GXO Logistics – it’s all about margins, stupid!
Three months after a beat-and-hold quarter tested the market’s patience, GXO delivered what it called its fastest organic growth in more than three years, largely finished integrating Wincanton and stepped up buybacks. Premium y’day wondered ahead of trade: ‘Where is the joy?’ – well, the shares rose 9.5% on the day o…
Continued congestion at ports puts pressure on intra-Asia box rates
Congestion at several ports continues to put upward pressure on intra-Asia container freight rates, despite improving conditions at major Chinese gateways and key transhipment hubs. The result is the Drewry Intra-Asia Container Index (IACI) is up by $46, to $1,504 per 40ft. Spot rates from Greater China to North-east,…
KLM reshapes cargo handling as AI demand fuels growth
KLM plans to consolidate cargo handling at Schiphol to accommodate additional freight without hiring more staff, as AI supply chains and disruption to ocean shipping strengthen parent Air France-KLM’s cargo business. The changes form part of a wider restructuring, announced today, aimed at improving KLM’s finances and…
Uzbekistan Seizes Jewellery Worth Over 1 Billion Soums at Tashkent Airport
Customs officers at Tashkent International Airport uncovered attempts to smuggle undeclared jewellery weighing around 691 grams and valued at over 1 billion soums.
Uzbekistan Seizes 613 Nicotine Pouches in Tashkent Region
Uzbek customs officers found 613 nicotine pouches concealed beneath confectionery products in a Damas vehicle. Their estimated value is 65 million soums.
Maersk Slides as Upgraded Guidance Is Lower Than Anticipated
AP Moller-Maersk A/S shares slumped after a guidance upgrade and third-quarter earnings from the world’s second-largest shipping line fell short of analyst estimates.
Uzbekistan Airways and SQB Prepare for IPOs in 2027–2028
Uzbekistan plans to list shares in five companies, including Uzbekistan Airways and SQB, from the National Investment Fund’s portfolio in 2027–2028.
Propspeed Joins RightShip’s Zero Harm Innovation Partners Program to Support More Efficient and Sustainable Vessel Operations
Improving vessel energy efficiency is an important part of the maritime industry’s efforts to reduce fuel consumption and greenhouse gas emissions. While hull performance often receives significant attention, the condition...
Coast Guard Looks to Commercial Icebreakers to Keep Northeast Ports Open This Winter
The U.S. Coast Guard is exploring the use of commercial icebreaking vessels to help keep Northeast ports and waterways open this winter, as the service prepares for another season of...