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MED MARINE is proud to announce the successful delivery of the DRAfter 2400 conventional tugboat built for SEKAVIN, crowned with a plaque presentation...
Ohio headquartered manufacturer Advanced Polymer Coatings (APC) has completed the first ever application of its MarineLINE coating system on a Jones A...
We Work the Waterways (WWW) is serving as a workforce development and engagement partner in the launch of the Corn Belt Ports Rural Logistics & Maritime Training & Education Consortium, a multi-state collaboration focused on strengthening the…
On Thursday, Greek fishermen located a five-meter drone boat of a familiar Ukrainian design at the island of Lefkada, northwest of the Peloponnese on...
This week, U.S. Representative Salud Carbajal (D-CA-24) was recognized by the International Propeller Club and received the Frank Courtenay “Salute to Congress” Award for championing legislation to support the American maritime industry. The Salute to Congress Award recognizes…
Brent crude futures jumped as much as 3% on Friday, a day after the U. S.
Nearly one in five commercial trucks currently on U.S. roads fails to meet basic roadworthiness standards – a metric that stands as the #1 predictor of fatal accidents. As the freight cycle recovers and utilization rises, the industry is confronting a massive accumulation of…
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, issued the following statement: We encourage shareholders to see Diana’s latest disclosure for what it is: more unsubstantiated falsehoods…
Typhoon season 08 May 2026, Hong Kong Ship masters in Hong Kong waters to ensure precautionary measures are taken during the approach of tropical cyclones. READ MORE Source: GAC
Saudi Arabia’s permanent representative to the UN said there was an urgent need to “safeguard the stability and security” of the Strait of Hormuz as Gulf nations and the United States pressed the UN on Thursday to demand Iran end its blockage of the vital waterway. Abdulaziz Alwasil made his comments alongside G
Pakistan LNG Limited, a government subsidiary that procures LNG from the international market, has cancelled two of the lowest bids, expecting the situation in the Middle East to improve, which will lead to the opening of the Strait of Hormuz and the resumption of Qatari supplies. Pakistan LNG Ltd.
The University of Michigan’s Consumer Sentiment Index dropped to a record low of 48. 2 in early May 2026, missing market expectations of 49.
Agora Shipbroking Corporation: Snapshot of Commercial Indicators Report – Week 19 2026   Source: AGORA SHIPBROKING CORPORATION
U.S. job growth was more than expected in April, government data showed on Friday, while the unemployment rate stayed flat. As per the the U.S. Bureau of Labor Statistics (BLS), April nonfarm payrolls edged up 115k, compared to a consensus estimate of 65k. The unemployment rate…
The Greek trade deficit narrowed to €2. 2 billion in March of 2026 from €3.
Captain Rick Iuliucci, vice president of operations at Baltimore-based Vane Brothers, is retiring effective July 1, and, in a related move, the company has announced a new leadership lineup, effective June 1. Brendan MacGillivray, currently VP of chartering & scheduling has been named COO, heading a team that incl
The president said he will raise tariffs on EU imports if the bloc does not “deliver their side of the Deal,” while EU leaders say the ratification process is progressing.
A second federal court ruling against President Donald Trump’s tariff strategy is creating fresh uncertainty for importers, manufacturers and freight markets, while the administration simultaneously escalates trade pressure on Europe and faces growing calls from automakers to preserve the U. S.
Tourism in the Antarctic Peninsula is a niche but booming industry powered by deep-pocketed adventure-seekers travelling thousands of miles to marvel at penguin colonies and take "polar plunges" in sight of icebergs.But growing numbers of visitors bring risks including disease…
Greek authorities are investigating a drone boat found by fishermen in a cave on the Ionian island of Lefkada, police and coast guard sources said on Friday. It was not clear how the Ukrainian-made unmanned surface vehicle (USV) reached Greek waters.
Interruptions in the supply of neurosurgical patties, sponges and strips are expected to continue through 2026.
Truck transportation jobs in April rose by an amount that has not been seen for a long time. The jobs total of 1,496,600 jobs was 4,300 more than in March.
The guidebooks and river cruise itinerary for the Nile River cruise were studied and neatly packed for my trip, but nothing really preparedme for what surely is a once-in-a-lifetime chance to savor firsthand and physically close some of the…
Aircraft carriers and submarines have been using it for years, so why not fuel merchant ships with nuclear power? The U.
Shares of Forward Air were off over 40% in early trading on Friday after the company said it was potentially losing a large customer. It also said a strategic review concluded with “no actionable proposals” being received and that it will now look to only sell parts of the enterprise.
ABS and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) signed a memorandum of understanding to cooperate on digital technologies to strengthen safety and performance in shipbuilding.The agreement establishes a framework for the organizations to collaborate on Digital…
Image Credits: Jay Tarriela/X The Philippines has accused China of conducting unauthorised marine scientific research near the oil- and gas-rich Reed Bank within its exclusive economic zone in the South China Sea. The Philippine Coast Guard (PCG) said a Chinese research vessel was operating near the area without permi
Container spot freight rates across the transpacific and Asia-Europe trades saw marginal gains this week, as carriers managed to halt three consecutive weeks of price declines into Europe. According to this week’s World Container Index (WCI) from Drewry, spot rates on the Shanghai-Rotterdam route increased 2%, t
Tapping into discordant feelings surrounding cargo coverage, DP World has launched an end-to-end war-risk insurance product, which it claims will close “critical gaps” in the freight world’s otherwise fragmented insurance practices – but some are sceptical. Applicable for shipments transiting the Middle East, the solu
Fleets electrifying along North America’s busiest freight routes will soon have high-power charging options deep in the heart of Texas. Greenlane Infrastructure is entering the Texas market with new megawatt-charging sites planned in Dallas and Houston along the Interstate 45 corridor.
The CPG maker expects to bolster productivity through automation deployed globally in warehouses and manufacturing plants.
The surge in airfreight costs and the disruption of schedules from the Middle East conflict has prompted shippers in Asia-Pacific to explore sea-air routings via the US west cost for shipments to Europe. While this does not appear to be a strategic shift, lasting cost pressure from aviation fuel supply could stretch t
UTC Overseas and Transoceanic Development have launched UTC Transoceanic (UTC Transo), a joint venture aimed at supporting the growing logistics needs of energy, power and industrial infrastructure projects along the U. S.
Karma is a b*tch, right? But, long in the making: do no say the latest developments at Forward Air (FWRD) caught you off guard.
The air freight market in the Middle East is stabilising, according to DHL Global Forwarding. “All airspaces across the region are open, albeit some with varying levels of restrictions, such as fixed corridors or pre-approvals being required.
Descartes Systems Group has released its May Global Shipping Report which found that U. S.
Donald Trump’s administration has suffered a major legal setback after a US federal trade court ruled that its new 10% global tariff regime was imposed unlawfully. Yesterday, the US Court of International Trade (doc 26-47) ruled it exceeded powers granted under Section 122 of the Trade Act of 1974 when the administrat
Minerva Bunkering has launched a physical bunkering service in Mauritania after being awarded a supply license by the country’s National Hydrocarbons Commission. The supplier will initially supply marine fuels to commercial vessels and regional offshore oil and gas installations from the ports of Nouadhibou and Nouakc
ABS, through its affiliate ABSG Consulting Inc. (ABS Consulting), has today announced the acquisition of RMC Global (RMC), a leading provider of industrial cybersecurity, risk management and resiliency solutions.
Wallenius Wilhelmsen reported adjusted EBITDA of USD 389 million in the first quarter of 2026, slightly below the previous quarter. “Shipping demand remains very strong with solid volumes and high utilization, especially ex-Asia.
For decades, the industry has relied on carefully drafted standard contracts, agreed in principle and then managed separately through manual processes and downstream systems. While the words on the page remain critical, the way contractual obligations are executed, monitored and acted upon is changing rapidly.
India is eyeing deeper collaboration with Japanese companies in the shipbuilding sector, as New Delhi looks to invest billions of dollars to expand its fleet amid rising demand for energy transport in a rapidly evolving global energy landscape, Petroleum Minister Hardeep Singh Puri said. In addition, the two countries
Launched during Korea’s “Go to Sea Month” a new study, “Renewable energy-based port electrification in Republic of Korea,” (Korean version) highlights the opportunity for the Republic of Korea’s ports to be reimagined as renewable energy hubs by using unused renewable energy for port and ocean shipping electrification.
State-run Pakistan LNG Limited (PLL) on Wednesday floated urgent tenders for the import of two liquefied natural gas (LNG) cargoes for delivery between May 12-14 and May 24-26 amid rising temperatures and power shortfall. The company set May 7 (Thursday) as the deadline for bids, which will be opened the same day, giv
Coal prices slipped toward $130 per ton and were on track to finish the week lower, as fuel switching by major Asian economies in response to the Middle East-driven energy supply shock proved less aggressive than initially expected. Thermal coal has served as an alternative to liquefied natural gas for power generatio
Indonesia is currently restructuring its mineral industries following the nickel boom. Aluminum now sits at the center of this national industrial strategy, especially at a time when the global aluminum market is facing mounting uncertainties amid war in the Middle East.
Corn futures held around $4. 5 per bushel, trading near a three-week low as faster US planting progress outweighed production pressure from elevated global energy prices.
Copper futures held above $6. 1 per pound on Friday and were on track to post a weekly gain of more than 3%, supported by easing energy prices earlier in the week, which helped reduce pressure on global growth and industrial metals demand.
Energy – Oil climbs on fresh US-Iran clashes ICE Brent and NYMEX WTI moved higher on Friday morning after three straight sessions of losses, amid reports of renewed clashes between US and Iranian forces. Brent rose nearly 3% to just below USD 103/bbl.
UK natural gas futures rose to 108. 5 pence per therm, recovering from a two-week low as prospects for peace in the Middle East remained uncertain amid renewed tensions.