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KOCAELİ: UZMAR Shipyard held the keel-laying ceremony for four RAmpage 6000DE diesel-electric powered offshore terminal support tugboats. The tugboats are being constructed for SMIT Lamnalco and will operate in ExxonMobil's offshore terminal operations in Guyana. "The tugboats under construction were inspected on-site…
The parent of several retail brands is tacking on additional features to its current production lifecycle management platform to improve supply chain efficiency.
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 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…
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…
The computer peripheral manufacturer’s Chain Reaction initiative will start with 17 suppliers pooling purchasing power to collectively buy renewable electricity.
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…
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 …
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 …
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…
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 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…
With regional security changing rapidly, Drewry’s Red Sea Diversion Tracker delivers timely intelligence to shippers, carriers, ports and other stakeholders on the evolving structure of carrier networks. This tracker page is updated fortnightly (every other Tuesday). Most Asia-Europe capacity now back via Suez During …
The General Court of the European Union annulled the complete removal of the recognition status of the Russian Maritime Register of Shipping (RMRS) in Europe, deeming it disproportionate. However, financial sanctions against the Russian entity and the ban on the entry of the ships it certifies into EU ports will remai…
The Turkish-flagged tugboat AYAZ BEY, which was towing a damaged tanker off the coast of Ukraine, collided with a vessel while operating off the coast of Romania near Neptun. Following the accident that occurred on November 4, 2026, a search and rescue operation was initiated in the area, and it was reported that all …
As trans-Pacific freight rates continue to soften, liner carriers are intensifying their investment in transit-time performance. On 30 October, ZIM announced the launch of ZX3, a new service linking Shanghai and Xiamen directly with Los Angeles. Operated exclusively by ZIM, ZX3 is scheduled to commence operations in D…
A potential strike by port security personnel at two of the United States' largest container hubs - the Port of Los Angeles and the Port of Long Beach - has been temporarily averted. On October 30, the Pacific Maritime Association, representing port employers, reached an agreement with ILWU Local 26 to extend the nego…
According to Sea-Intelligence data, the Gemini Cooperation network formed by Maersk and Hapag-Lloyd recorded an average schedule reliability of 68.4% in August and September, marginally below Mediterranean Shipping Company's 68.9%, as port delays at several major hubs weighed on performance across both carriers. The g…
Wan Hai Lines issued an official notice on 29 October, announcing the launch of a new service designated CI8 (China India Service 8). Deploying vessels in the 2,800-3,000 TEU range, the service operates on a 35-day rotation and is scheduled to commence in late November 2026. CI8 is designed to connect Vietnam, South C…
COSCO SHIPPING Ports reported strong results for Q3 2026, reflecting steady growth in throughput and revenue. The company's total throughput reached 42.27 million TEUs, an 8.4% year-on-year increase, while equity throughput rose 8.1% to 12.88 million TEUs. Revenue for the quarter reached USD 484.33 million, up 13.0% y…
Nearly 85,000 TEU of container capacity is currently waiting outside Durban, while arrival and departure delays remain above five days. Port congestion at Durban, South Africa's principal container gateway, remains severe. Container vessels continue to face prolonged waiting times, significant schedule delays, and a s…
The 2026 Global Ocean Development Forum was held recently in Qingdao, a coastal city in east China's Shandong Province. At the event, organizers released two major marine economy reports, unveiled new global marine environmental monitoring datasets, and launched an international initiative on ocean public welfare. The…
Qingdao Port International Co., Ltd. reported a 3.2% growth in cargo throughput for the first nine months of 2026, confirming continued operational expansion at one of northern China's principal maritime gateways. Despite this positive operational result, the company's shares have declined by 5%, separating the port's…
CMA CGM launched its first dedicated full-block train service between the Port of Mombasa and the Nairobi-Embakasi Inland Container Depot on October 28. The move strengthens the group's inland logistics capabilities in Kenya and provides cargo owners with a scheduled rail link from the coast to the country's capital. …
Stakeholders such as the World Shipping Council and the National Retail Federation are concerned fees will “add another cost layer to an already strained transportation system.”
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…
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…
The Energy Department’s Battery Manufacturing Accelerator aims to plug gaps in domestic material and component supplies over the next few years as U.S. battery demand looks set to quadruple.
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…
Anduril is assembling the circuit board and partnering with Qualcomm for the chip that powers the BlueChip line while looking for domestic suppliers for other parts.