Section
Tanker and dry bulk freight, ports, terminals and supply-chain logistics.
French energy major TotalEnergies has transferred its stake in Novatek’s Arctic LNG 2 project to NordLine. The company confirmed it has completed the transfer of its 10% interest in the project to Novatek’s subsidiary, NordLine. After this transfer, TotalEnergies has no remaining stake in the Arctic LNG 2 project. Originally, Novatek owned a 60% stake,
The intra-Asia container freight market strengthened for a third consecutive week as unrest in the Middle East and typhoon-related disruption across China tightened capacity and pushed rates higher on most major trades. Drewry’s Intra-Asia Container Index (IACI), a benchmark widely monitored by procurement teams, rose 6% week on week on 20 August, to $1,091 per 40ft, and the consultant expects prices to continue increasing in the coming weeks, supported by persistent ... The post War and weather continue to limit intra-Asia capacity and keep rates high appeared first on The Loadstar .
Conventional fuel prices have risen at both Rotterdam and Singapore over the past week while B100 and Rotterdam’s B30 blends have fallen, handing the fuels that are favoured by EU regulations back much of the ground they lost last week. Four spreads have flipped outright, two at each port. B100’s premium over VLSFO in Rotterdam ...
“Climate change is a reality that we are experiencing with ever-increasing intensity. The growing frequency of extreme weather events makes the substantial reduction of greenhouse gas emissions an urgent matter of both individual and collective responsibility. The goal of decarbonisation is clear and shared. As an industry, we recognise the role we have to play ...
Spot rates in the US trucking sector rose sharply in the second quarter and are on course to climb further , with the looming peak season auguring more upward pressure, according to RXO. The transportation provider is advising shippers to secure capacity, which continues to shrink. The Curve, RXO’s proprietary truckload spot rate index, climbed to its highest level in more than four years, propelled by a 32.4% surge in pricing over ... The post ‘Secure capacity’ says RXO as it warns of further haulage rate rises appeared first on The Loadstar .
Quick recap: the freight-rate spike that produced two very different report cards at Maersk and Hapag-Lloyd is increasingly a story about who controls terminal and inland capacity, not who owns the most vessels – and nobody is making that case more directly right now than AD Ports. ZIM’s next move, meanwhile, has less to do with freight rates than with a decision sitting with Israeli regulators. My previous analysis already worked ... The post AD Ports the clear read-through as bottlenecks shift from ship to dock appeared first on The Loadstar .
Shanghai-listed Ningbo Marine is lining up another five bulk carrier newbuildings in China, expanding a fleet renewal programme that could see the owner add close to 600,000 dwt of fresh tonnage. The Zhejiang Energy-backed company has approved up to CNY980m ($136m) for four 65,000 dwt bulkers, while wholly owned Ningbo Marine Singapore has been cleared …
New York-listed Greek bulker owner Diana Shipping has secured a 41% rate increase for the panamax Leto in a direct charter continuation with commodities giant Cargill. The 2010-built, 81,297 dwt vessel has been fixed at $18,000 per day, less a 4.75% commission, from September 10. The deal runs until at least September 1, 2027, with …
Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with both entering the Gulf, shipping data showed.
Indonesia, Malaysia and Singapore — countries that share the primary stewardship of the Strait of Malacca — said on Tuesday they were committed to keeping the narrow corridor and the waters around it “free, open and safe for international shipping.”
Aerospace shipments are facing a growing capacity squeeze, and the bottleneck is no longer just in the air. Marcelo Riso, VP and global product manager aerospace at Kuehne+Nagel, said the internationalisation of aircraft maintenance was making transportation increasingly critical. He told The Loadstar: “Even routine shipments are now carrying service expectations above standard airfreight levels, because the cost of transport is relatively small compared with the consequences of a parts shortage or ... The post Aerospace shipments face growing supply chain capacity crunch appeared first on The
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As Ian Fleming wrote in his 1959 novel Goldfinger: “Once is happenstance. Twice is coincidence. Three times is enemy action.” Apply that to the current M&A-prone landscape for shipping lines and… Now What’s known: Mediterranean Shipping Company (MSC) is – directly or indirectly; more below – readying to pull the trigger, as “urgency is felt to close deals”, including those where 100% ownership must be achieved in various ventures. Kind of… in line ... The post MSC – M&A-hungry and on the prowl appeared first on The Loadstar .
Commercial relations between Canada and its southern neighbour have hit a new low, and logistics providers are seeing more clients trying to diversify from the US market. Trade negotiations broke down on Friday when the Canadians walked away, citing new US demands tabled at the last minute, as well as a litany of justifications Washington invoked to force Ottawa to make concessions. These range from fentanyl smuggling and Canadian dairy rules to ... The post Tariff spat sees Canadian shippers eye alternatives to US market appeared first on The Loadstar .
MSC is continuing its restoration of Suez Canal transits for selected east-west services, joining the Gemini Cooperation and Ocean Alliance in a cautious return to the Red Sea route. The move follows last week’s announcement that the world’s largest container shipping line would be sending seven ships through the waterway this month. It said on Monday: “Following a comprehensive review of the latest security and operational conditions in the Red Sea region, ... The post MSC schedules more east-west liner services for Suez Canal transit appeared first on The Loadstar .
Oslo-listed seismic specialist TGS has been awarded a one-month extension to the largest seismic streamer acquisition contract offshore Indonesia. The extension will begin in August and utilise the Ramform Sovereign vessel and the company’s GeoStreamer technology. “The project further strengthens revenue visibility while enabling us to deliver high-quality seismic data with industry-leading acquisition efficiency,” said …
The congestion at Durban Gateway Terminal has worsened, with delays hitting 10 days, and there is little sign that a resolution is imminent creating more frustration among the forwarding community. Sources told The Loadstar the terminal’s Pier 2 was “materially constrained”, noting that while delays of 10 days were expected, “some individual services are further behind”. One forwarder told The Loadstar: “Honestly, it is a shit show. ICTSI has taken over one ... The post Carriers warn of 20-day delays as congestion crisis at Durban worsens appeared first on The Loadstar .
In what might be the last publication of a revealing look at the credit conditions in the trucking industry, the quarterly earnings of bank BMO released Tuesday showed the stronger freight market impacting its numbers. BMO, the former Bank of Montreal and one of the largest lenders to the trucking industry, has announced its plans to sell its transportation unit to private equity firm Stonepeak in May. The deal is expected to close before the end of the year; the next earnings release for BMO is scheduled for December 2. While net writeoffs in the third quarter ended July 31 were barely change
The Israeli company signed an agreement to acquire a vessel that will be retrofitted to serve as a second floating production, storage and offloading platform for the under-construction Sea Lion oil development in the Falkland Islands.
Torm faces earnings test as tanker boom shows signs of cooling Investing.com
Global container port congestion has reached a new high as East Asia’s typhoon season continues to disrupt vessel schedules, with more than 4.3 million teu now waiting to berth. On Sunday, Typhoon Narra hit southern China, compounding cargo backlogs caused by typhoons Bavi, Noul, and Dolphin. And the situation is unlikely to be relieved any time soon, with Typhoon Saudel set to make landfall along the coast from central Zhejiang to central ... The post Global port congestion at new high as more typhoons hit China appeared first on The Loadstar .
Membership Required: Standard Free You need to be a Standard member to access this content. Our standard membership includes: Free access to all ship.energy news stories on the website Free access to all ship.energy podcasts The ship.energy daily news report, delivered to your inbox A listing of global industry events, moves, seminars, workshops and conferences Daily bunker prices from 6 key ports A premium membership (£295 per year) is also available which includes access to Bunkerspot magazine, the Bunkerspot news archive (10 years), exclusive ship.energy Industry insights, and delegate disc
Membership Required: Standard Free You need to be a Standard member to access this content. Our standard membership includes: Free access to all ship.energy news stories on the website Free access to all ship.energy podcasts The ship.energy daily news report, delivered to your inbox A listing of global industry events, moves, seminars, workshops and conferences Daily bunker prices from 6 key ports A premium membership (£295 per year) is also available which includes access to Bunkerspot magazine, the Bunkerspot news archive (10 years), exclusive ship.energy Industry insights, and delegate disc
Membership Required: Standard Free You need to be a Standard member to access this content. Our standard membership includes: Free access to all ship.energy news stories on the website Free access to all ship.energy podcasts The ship.energy daily news report, delivered to your inbox A listing of global industry events, moves, seminars, workshops and conferences Daily bunker prices from 6 key ports A premium membership (£295 per year) is also available which includes access to Bunkerspot magazine, the Bunkerspot news archive (10 years), exclusive ship.energy Industry insights, and delegate disc
Membership Required: Standard Free You need to be a Standard member to access this content. Our standard membership includes: Free access to all ship.energy news stories on the website Free access to all ship.energy podcasts The ship.energy daily news report, delivered to your inbox A listing of global industry events, moves, seminars, workshops and conferences Daily bunker prices from 6 key ports A premium membership (£295 per year) is also available which includes access to Bunkerspot magazine, the Bunkerspot news archive (10 years), exclusive ship.energy Industry insights, and delegate disc
President Donald Trump declared Tuesday that the U.S. Navy has cleared all mines from international waters in the Strait of Hormuz, even as the multinational maritime security center overseeing threats...
Membership Required: Standard Free You need to be a Standard member to access this content. Our standard membership includes: Free access to all ship.energy news stories on the website Free access to all ship.energy podcasts The ship.energy daily news report, delivered to your inbox A listing of global industry events, moves, seminars, workshops and conferences Daily bunker prices from 6 key ports A premium membership (£295 per year) is also available which includes access to Bunkerspot magazine, the Bunkerspot news archive (10 years), exclusive ship.energy Industry insights, and delegate disc
Rewind: a dispute over switching fees at a handful of Nebraska grain elevators is quietly testing the limits of railroad competition in America’s heartland. When BNSF Railway rewrote its reciprocal switching tariff on May 1, the effect at one Grand Island, Nebraska facility was immediate and blunt: the per-car switching fee jumped from $295 to $1,395. At five other locations across Nebraska, Iowa, and Texas, the longstanding $105 unit-train grain rate ... The post BNSF’s switching rate blitz – gauging the impact appeared first on The Loadstar .
The International Maritime Organization is calling for urgent action against a resurgence of piracy in the Gulf of Aden, where six merchant ships and more than 90 seafarers are now...
A bold proposal to reduce the number of major freight railroads could open the door for a dramatic expansion of rail passenger service in fast-growing Atlanta. Proponents see the merger of Union Pacific (NYSE: UNP ) and Norfolk Southern (NYSE: NSC ) to create the first transcontinental railroad as a once-in-a-generation opportunity to leverage local support and transform the Atlanta metroplex passenger rail network. A shift of thousands of commuters from road to rail would likely also improve fluidity for trucking logistics in the city, a crossroads of industry in the Deep South. The rail merg
Iran and Oman have unveiled a framework for restoring safe navigation through the Strait of Hormuz, including a temporary shipping corridor, joint mine-clearing operations and further talks over the future...
An in-depth evaluation study based on reference data from a Suezmax crude oil tanker has demonstrated the benefits of using Thordon Bearings’ innovative T-BOSS® shaftline solution instead of a conventional oil...
SpaceX plans to invest $100 billion in a massive new launch facility on Louisiana’s Gulf Coast, a project the company says could eventually support thousands of launches a year. The...
California deputies recovered more than $150,000 in New Balance shoes after reports of people breaking into BNSF Railroad boxcars. The San Bernardino County Sheriff’s Department’s Barstow Station announced the recovery Aug. 24. Authorities arrested Leonardo Martinez Navarre, 29, after he fled a traffic stop near Daggett. Daggett is an unincorporated community in San Bernardino County, about 10 miles east of Barstow. Barstow sits in California’s Mojave Desert, along Interstate 15 between Los Angeles and Las Vegas. The call came at about 7:04 a.m. Monday near westbound Interstate 40 in Daggett.
Gatik announced Tuesday it raised $200 million in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. Millennium Management, ARK Invest and Intact Private Capital also joined the round. The money will support expansion of Gatik’s driverless freight operations from the dozens of trucks today to thousands in the years ahead. Gatik has completed 85,000 fully driverless orders. The company reports more than $600 million in contracted revenue and 99% on-time delivery across operations in Texas, Arizona, Arkansas and Canada. “This round, led by some of the world’s le
Iran pledged to fight back against expanded U.S. sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the pressure campaign and saying that Washington was keen to revive talks.
#fwtv_NoU9XSVdzhk .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_NoU9XSVdzhk .fwtv-panel p{margin:0 0 12px}#fwtv_NoU9XSVdzhk .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The freight market is stabilizing, with tender rejections at 13.57%. But don’t let this “healthy” period fool you; volatility is on the horizon. Learn what FreightWaves’ experts say about current market conditions, upcoming Q4 surges, and how this impacts shippers and carriers. Get ready for a dynamic end to the year. Truckload
#fwtv_9hb163Wep7A .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_9hb163Wep7A .fwtv-panel p{margin:0 0 12px}#fwtv_9hb163Wep7A .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Tabi’s Rush Feldhacker breaks down who currently holds the pricing power in the unpredictable freight market using their new Pricing Pressure Index. Learn how brokers are leveraging data to make smarter spot rate decisions, and why shippers are feeling the market shift later than expected. Discover the latest trends and what to
#fwtv_q6TlMLWRgaI .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_q6TlMLWRgaI .fwtv-panel p{margin:0 0 12px}#fwtv_q6TlMLWRgaI .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The trucking industry is losing a critical source of credit insight as BMO sells its transportation finance unit. FreightWaves’ John Kingston, who pioneered tracking BMO’s unique data, reveals how trucking credit quality is finally strengthening just as this transparent data source disappears. He also dives into rising diesel p
While unfounded fears of higher tariffs helped drive what amounted to unexpected demand by anxious shippers this summer, other assorted geopolitical intrigue is keeping the container market on edge. Asia-U.S. West Coast prices increased 1% to $6,826 per forty foot equivalent unit (FEU), according to the latest Baltic Index from SONAR data contributor Freightos. Asia-U.S. East Coast prices were 2% higher, at $9,576 per FEU. Events that could pressure container traffic on the trans-Pacific are being closely watched. The United States is trying to tighten economic sanctions on countries doing bus
Seven crude carriers were moored at Iraq’s Persian Gulf export facilities on August 24—a sharp increase from recent weeks. The carriers had a combined carrying capacity of roughly 13 million barrels, according to satellite imagery analyzed by Bloomberg. TankerTrackers.com separately said it counted and identified 13 million barrels loading Monday at Iraq’s Al Basrah Oil Terminal. That is a dramatic departure from the past several weeks, when satellite passes typically showed just one or two tankers at Iraq’s offshore export…
Why it matters: Inconsistent interpretations of cabotage rules could remove experienced drivers from cross-border operations, tighten available capacity and create additional uncertainty for manufacturers, carriers and shippers that depend on predictable U.S.-Mexico freight flows. Mexican trucking industry leaders are calling on U.S. border officials to establish clearer and more consistent rules governing B-1 visa revocations amid concerns that drivers are losing their ability to operate cross-border routes over alleged cabotage violations. Ismael Reyes de la Rosa, the National Chamber of Fre
China's Iranian Oil Imports Plummet 48% as US Sanctions and Blockades Bite - News and Statistics IndexBox
Looking over the statistics released by the Commercial Vehicle Safety Association (CVSA) on May’s International Roadcheck Week , the data looks pretty much like that of Roadcheck Week 2025. With one big exception: English language proficiency (ELP). That category of driver violation last year was not in the top 5 of reasons why a driver was given an Out of Service (OOS) order (as opposed to an OOS order for a vehicle violation). window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [3
Red Sea Gateway Terminal (RSGT), Saudi Arabia’s leading terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, yesterday signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani), marking one of the largest foreign direct investments in ...
The United States is moving to make nuclear propulsion part of its commercial maritime revival. The U.S. Department of Transportation’s Maritime Administration (MARAD) and CORE POWER (US) Inc. (CORE POWER) today announced a first-of-a-kind federal-private cooperation framework to accelerate the commercial, industrial and regulatory pathway for a future fleet of U.S.-flagged nuclear-powered merchant ships. CORE ...
Kongsberg Maritime has secured a contract to deliver a fully integrated suite of technology and equipment for a new multi-purpose deepwater installation and construction vessel that will be owned and operated by Solstad Offshore and SBM Offshore. The vessel, which will be built in China, represents a new generation of offshore construction assets designed to ...
At the beginning of the year, the Hamburg-based shipowner Ernst Russ AG set strategic benchmarks for its transformation in 2026: the consistent diversification and modernization of the fleet, an extension of the charter backlog, and the increase of the visibility of the Ernst Russ share on the capital markets. Six months later, progress in all ...
Orca AI has expanded its collaboration with Eastern Pacific Shipping (EPS) following the successful completion of a pilot involving five vessels and more than 130,000 nautical miles of operations. Following the pilot, EPS will deploy Orca AI’s maritime operations platform across dozens of additional vessels, reflecting confidence in the platform’s ability to support navigational awareness ...
ClassNK has launched ‘Survey Compass,’ an AI assistant that supports shipowners and ship management companies in their survey-related operations. Survey Compass is an AI assistant that responds in natural language to questions on classification survey matters faced by shipowners and ship management companies. Users can quickly confirm the information they need together with its supporting ...
Topic, TSUNEISHI SHIPBUILDING and OceanWings today announced the successful completion of OceanWings rigid wingsail installation aboard the Ultramax bulk carrier MARIA TOPIC. Retrofitted at TSUNEISHI SHIPBUILDING in Japan, the vessel now returns to commercial service, marking a major milestone in OceanWings’ commercial deployment and in the adoption of wind-assisted propulsion for merchant shipping. The successful ...
IMO Secretary-General Mr. Arsenio Dominguez issued the following statement following reports of the SEAMULL being hijacked on 20 August 2026: “Shipping challenges are on the rise with the recent increase of piracy incidents in the Gulf of Aden. With the most recent highjack, a sixth vessel is being held by pirates and armed robbers in ...
An in-depth evaluation study based on reference data from a Suezmax crude oil tanker has demonstrated the benefits of using Thordon Bearings’ innovative T-BOSS® shaftline solution instead of a conventional oil lubricated sterntube system. The comprehensive study assessed the CAPEX for a sterntubeless T-BOSS® (Thordon – Blue Ocean Stern Space) system installed on a 274m ...
Singapore and Malaysia Singapore’s VLSFO availability remains tight, with lead times varying significantly among suppliers. Some recommend around seven days, while others advise much longer lead times of up to 19 days. This compares with last week’s lead times of 7-13 days. A source attributed the tightening availability to reduced supply among suppliers and shortages ...
The Global Ethanol Association (GEA) and DNV are pleased to announce the launch of a three-year Ethanol Data Intelligence Partnership, marking an important expansion of their activities in ethanol research and data intelligence. The collaboration will support the development of a structured global ethanol database together with ongoing research, data maintenance and regular updates throughout ...
Months after taking effect, the Jones Act waiver continues to bol ster the US coastal trade. The exemption has now been extended for   Source: Intermodal
The Constraint Isn’t Data, It’s Fusion MOCs receive multi-sensor data at volumes the operational teams inside them cannot fully process, cross-reference, or turn into decision-relevant intelligence at the pace commanders require. The constraint on decision advantage is not the size of the incoming data pipeline. It is the fusion layer that turns that pipeline into ...
The Iranian crude that reached Asia is being taken. The crude that has not reached it is standing at the strait and behind it, and there is nearly twice as much of that. AXSMarine · Data to 15 August 2026 · All volumes million barrels Iranian crude sitting in Asian waters peaked at 44.4 million ...
Key takeaways • The renewed US blockade is making the status quo progressively more expensive for Tehran. Pressure now extends from crude and petrochemical export revenues to production shut-ins, imports, aviation, gasoline balances, and ultimately government subsidies. Politically, the status quo also increasingly becomes hard to manage. • Tehran is confronted with a trilemma: endure, ...
The LNG shipping market is witnessing the emergence of Mexico’s LNG export corridor, underlying the growing influence of the Pacific LNG trade. In its latest weekly report, shipbroker Intermodal said that “amid broader uncertainty in the LNG market, the outlook is being shaped by disruptions to Middle Eastern flows, an uncertain Qatari recovery, and Europe’s ...
Rerouted refined product cargoes are absorbing tonnage faster than the orderbook can replace it.
Terminal operators are budgeting for blending and testing infrastructure alongside berth upgrades.
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