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Biden to Take Aim at Rail, Sea Shipping Competition

US President Joe Biden will order U.S. transportation agencies in coming days to address competition in rail and sea shipping in an effort to...

Baltic index edges higher on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday as capesize vessel rates firmed. The...

Firmer capesize rates buoy Baltic index

Baltic Exchange’s main sea freight index , which tracks rates for ships carrying dry bulk commodities, snapped a five-session losing streak on Wednesday on...

Ever Given containership set to leave Suez Canal

The container ship that blocked the Suez Canal in March and has been detained there since is due to finally resume its journey on...

Baltic index falls for fifth day on muted demand across segments

Baltic Exchange’s main sea freight index , which tracks rates for ships carrying dry bulk commodities, fell for the fifth consecutive session on Tuesday,...

Deal agreed to release ship that blocked Suez Canal

The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had...

Asyad weighs strategic stake sale in shipping unit

Oman’s state-owned transport group Asyad is weighing the sale of a strategic stake in its subsidiary Oman Shipping Company (OSC), sources familiar with the...

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HD Hyundai achieves record 6 trillion won profit

HD Hyundai, led by Chairman Chung Ki-sun, has opened the era of 6 trillion won (approximately $4.1 billion) in operating profit. Compared to approximately...

HMM maintains solid profitability in 2025 despite weak market

South Korean shipping giant HMM reported a net profit of KRW 1,879bln in 2025 (about $1.29bln) and an operating profit of KRW 1,461bln. The company’s...

Scorpio Tankers Inc. announces financial results for the fourth quarter of 2025 and an increase to its quarterly dividend

 Scorpio Tankers Inc. reported its results for the three months ended December 31, 2025. The Company also announced that its board of directors has...

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2025.

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2025. Highlights and Recent Activity Reported Adjusted earnings of $11.6 million and...

FLEX LNG: Solid Q4 performance amid spot market challenges

Flex LNG Ltd. announced its unaudited financial results for the three months and year ended December 31, 2025. Highlights: * Vessel operating revenues of $87.5 million...

Celestyal announces new Doha and Abu Dhabi F1 sailings for 2026

· Two new F1-themed departures will set sail in the Arabian Gulf · Both Celestyal...

India seizes three tankers in first action against dark fleet

The Indian Coast Guard seized three tankers that it said were involved in oil...

Wärtsilä and Abu Dhabi Maritime Academy explore collaboration to meet marine decarbonisation and sustainability...

Technology group Wärtsilä and Abu Dhabi Maritime Academy (ADMA) have signed a Memorandum of...

Intermodal Weekly Market Report [W6]

 Libya’s oil sector is gaining renewed momentum in 2026, following a series of strategic...

Höegh Autoliners issues January 2026 Trading Update

In January 2026, Höegh Autoliners transported 1.3 million cbm of cargo on prorated basis....

Hong Kong’s CK Hutchison warns of legal action over Panama Canal ports

Hong Kong’s CK Hutchison Holdings warned of legal action on Thursday against a Danish logistics and ports group, after the latter was tapped by...

PPA hosts meeting for the TREASURE project

The Piraeus Port Authority (PPA S.A.), chaired by Han Chao, hosted a few days ago the 5th meeting of the European TREASURE project, which...

Australian Ports closed due to Cyclone Mitchell

Tropical Cyclone Mitchell intensified on Sunday, Australia’s weather bureau said, as it tracked towards the country’s remote northwest, home to the world’s biggest iron-ore...

AD Ports Group signs 30-year agreement with Aqaba Development Corporation to manage and operate Aqaba Multipurpose Port in Jordan

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, signed a 30-year concession agreement with Aqaba Development Corporation (ADC)...

Port of Virginia expands ultra-large containership capacity at Norfolk

The Port of Virginia is continuing to modernize and expand its operation and recently debuted additional capacity to safely handle simultaneous calls of ultra-large...