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Tokayev signs law on opening customs service offices of Kazakhstan and Uzbekistan

Evergreen’s Suez return leaves Zim increasingly isolated

The container shipping industry’s long detour around southern Africa is rapidly coming to an end, with Taiwan’s Evergreen preparing to send its first ships through the Suez Canal after almost three years of avoiding the Red Sea. According to liner consultancy Linerlytica, Evergreen will deploy the 16,556 teu Ever Eon …

EU Survey Reveals Massive Support for Renewable Energy Transition

A majority of European Union citizens are in favor of an accelerated transition away from oil and gas and into alternative energy sources and transport electrification, a survey conducted by the European Investment Bank has shown, as reported by Reuters, which got an exclusive look at the survey. According to the surv…

Maersk upgrades profit outlook despite underperforming rivals

Maersk has raised its full-year earnings guidance for the third time this year, with the Danish shipping giant continuing to benefit from extraordinary freight rates, resilient cargo demand and widespread supply chain disruption. The Copenhagen-headquartered group now expects underlying EBITDA of between $14bn and $14…

Kyrgyzstan secures up to $50 million from World Bank for clean energy transition

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...

UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline

The United Arab Emirates currently operates one crude export pipeline that bypasses the Strait of Hormuz and announced earlier this year that it was building a second. A third pipeline is reportedly being planned to further expand crude capacity and reroute energy flows around Hormuz, reducing exposure to Iranian disr…

Transpacific emerges as liner shipping’s golden trade

The transpacific has become the most lucrative major container shipping trade in the world, with carriers generating five times more spot revenue per nautical mile on the Shanghai–Los Angeles route than on shipments to North Europe via the Cape of Good Hope. New analysis from Alphaliner shows that the extraordinary st…

Vance Blames His Own Administration’s Iran War for Republican Defeat

Vice President JD Vance on Wednesday blamed Republicans’ midterm election losses on the Trump administration’s eight-month war with Iran, which has driven up global energy prices and left commercial shipping...

Lufthansa Cargo rides airfreight pricing power to stronger yields

Lufthansa Cargo increased its base yields by 14% year on year in the third quarter, with strong demand and constrained capacity supporting pricing power, even as Middle Eastern airlines restored services. Overall yields rose 22%, as the carrier also successfully passed-on higher fuel costs. Adjusted EBIT more than tri…

ONE profits soar, thanks to surging rates and volumes

Ocean Network Express (ONE) has doubled its full-year profit forecasts to $2bn, after more than quadrupling its net profit for the three months to September, amid a surge in rates and volumes. Over the second quarter, July-October for the Singapore-based carrier, net profit hit $1.3bn, compared with just $285m, a year…

Wave of feeder newbuilds could bring a chill to charter rates in 2027

Feeder containership charter rates could face downward pressure in 2027 as a wave of newbuild deliveries adds capacity to a market that has enjoyed strong earnings in 2026. Ship brokerage Intermodal research analyst Vasilis Fousekis noted that the time-charter rate for a 1,700 teu geared feeder had climbed to about $3…

India Sees Some Trade Relief, New Risks After Democrat Sweep

Indian officials were cautious on the US midterm election results, saying it eases some of the pressure over trade tensions but creates a new layer of uncertainty in an already fragile relationship.

Transpacific the most profitable container trade by far, says Alphaliner

Carriers are earning up to $1.30 per nautical mile on spot shipments from China to the US west coast, making the transpacific by far the most lucrative major container trade. Alphaliner’s latest analysis of spot freight revenue per nautical mile highlights the growing gap between the transpacific and other major trade…

Air cargo cashes in on AI boom – but who has the edge?

There is no shortage of companies enjoying the AI boom – from airports to airlines and forwarders, the latest airfreight trend is filling both aircraft and coffers – but companies are now trying to find a way to prove their competitive edge in the market, whether by handling, network, or capacity. Expeditors yesterday…

Idan Ofer turns to Japan for boxship quartet

Idan Ofer’s Eastern Pacific Shipping (EPS) has been linked to an order for four midsize containerships at Japan’s Imabari Shipbuilding, marking a rare Japanese addition to its extensive newbuilding programme. Shipbuilding sources have identified the Singapore-based owner as the buyer of the quartet, which would take i…

Schneider picks Norfolk over CSX, you say?

The carrier is changing its primary eastern railroad after 18 years. It could reshape competition for domestic containers – but the volume CSX will lose remains undisclosed, and the UP–NS merger is still only a proposal. The biggest question in Schneider National’s new rail deal is also the one nobody has answered: ho…

Kazakhstan and Uzbekistan launch new railway line, first coal train dispatched in October

Infrastructure can’t cope with pace of pan-American air trade growth

Airport cargo infrastructure, as well as established ways of handling logistics, are being challenged by growing traffic. Airfreight capacity between Latin America and Canada is on the rise, courtesy of Air Canada (AC). Last month, the airline resumed service to Santiago and Lima, serving the Chilean capital with four…

Cameroon’s Gulfcam taps new chief to drive Camship expansion

Cameroon’s Gulfcam is pursuing plans to acquire six vessels to expand its coastal container shipping operations between Kribi and Douala, with a former Camship executive taking charge of the business. Bernard André Ndengue took over as chief executive on November 1, replacing Albert Roger Boum, who stepped down last m…

Iran Says Four Oil Tankers Destroyed by Mines Near Strait of Hormuz

Four oil tankers were destroyed after hitting naval mines in an area south of the Strait of Hormuz proscribed by Iran as prohibited for navigation, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday, as attacks on vessels in the region intensify while crude oil flows have dipped from recent highs. The f…

Lady Luck and the lifer: Dan Wall’s Expeditors is on a tear

Stock value at record $206.23 intraday post-interims. Quarterly revenue up 42%, operating profit up 55%. A freight market delivering disruption, scarcity, and an AI infrastructure boom. Expeditors’ new chief executive has produced extraordinary results – however, the real test may be what happens when the market stops…

China’s property starts plunge to 2002 levels

China’s property construction collapse has taken new building starts back to levels last seen in 2002, raising fresh questions about the long-term outlook for iron ore and coking coal demand, even as dry bulk owners become increasingly bullish about freight markets. Research published today by Ursa Shipbrokers reveals…

Samudera taps Yangzijiang yards for boxship duo

Singapore-listed Samudera Shipping Line has ordered two containerships in China, adding 6,000 teu of capacity to its newbuilding pipeline. The Indonesian-controlled carrier disclosed in a filing that it had signed shipbuilding contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi-Mitsui Shipbuilding, both …

TS Lines adds $246m boxship brace in China

Taiwanese liner operator TS Lines has returned to Shanghai Waigaoqiao Shipbuilding (SWS) for another pair of containerships in a deal worth $246m. The Hong Kong-listed carrier has contracted two 11,000 teu vessels at the CSSC-controlled yard, together with China Shipbuilding Trading, paying $123m apiece. The ships are…

U.S. Coast Guard Detains MSC Cruise Ship in Miami

The U.S. Coast Guard has detained the cruise ship MSC Poesia at PortMiami, forcing MSC Cruises to cancel an 11-night Caribbean voyage after the vessel remained in port for two...

Qatar’s US LNG Bet Signals a New Energy Order

Turning to your biggest rival is rarely a sign of confidence. Yet Qatar's decision to sign long-term contracts for US supplies suggests the world's second-largest LNG exporter is increasingly concerned that instability in the Gulf could undermine its ambitious expansion plans.

New Jersey Governor Warns Ports Against Handling Russian Diesel

New Jersey Governor Mikie Sherrill is warning port and terminal operators not to accept Russian diesel shipments heading toward the U.S. East Coast, arguing that the Trump administration’s authorization of...

Australia Bans Bulk Carrier Over Repeated Falsification of Crew Rest Records

The Australian Maritime Safety Authority (AMSA) has banned a Marshall Islands-flagged bulk carrier from Australian ports for 90 days after inspectors discovered that crew work and rest records had been...