CMA CGM delivered a resilient first quarter, but the numbers underscore the increasingly complex environment facing the global container shipping and logistics giant.The Marseille-based group reported first-quarter revenue of $13.23 billion, essentially flat year-over-year, while EBITDA fell 31.6% to $2.11 billion and net income dropped sharply to $250 million, down from $1.12 billion a year earlier…
A maritime drone self-detonated on Friday in Romania's Black Sea port of Constanta near an oil terminal, without causing casualties, as Ukraine accused Russia of jamming one of its vessels before it drifted into Romanian waters.The explosion…
Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2…
A new hybrid, 350-passenger vessel is now in operation at the Port of Los Angeles, the result of a Port-led partnership with Harbor Breeze Cruises, the California Air Resources Board (CARB), and the Port of Long Beach.The Harbor Breeze Cruises’…
From Congestion-as-Normal to Time-as-a-ServiceAt the Port of the Future Conference in Houston, Texas, I had the privilege of speaking on a subject that, at first hearing, may sound radical, perhaps even impractical: “Zero-Queue Ports – No Anchored Ships and No Truck Lines…
Two new quay cranes (QC) that recently arrived at Baltic Container Terminal (BCT) have boosted the Port of Gdynia’s capabilities. The QCs are part of an investment program carried out by BCT in cooperation with the Port of Gdynia Authority to…
Cemex US and Port Tampa Bay, joined by Tampa Mayor Jane Castor, have celebrated the opening of the newly expanded Cemex Aggregate Terminal at Port Tampa Bay.The expansion, supported by a $29 million Cemex investment and a $7 million Florida Department of Transportation grant…
The Port Infrastructure using Novel Energy Storage (PINS) project has successfully explored solutions to help UK ports and harbors overcome grid limitations and high connection costs, vital for the electrification of vessels. Focusing on pilot sites in Cowes…
Inchcape Shipping Services has opened a new office in Brunei Darussalam, expanding its presence in Southeast Asia and targeting offshore, naval and logistics operations in the country.The company said the Brunei office will initially focus on offshore services…
The Port of Albany-Rensselaer, NY hosted a half-day Maritime Summit that featured internationally renowned port, economics, infrastructure, and transportation leaders who addressed the issues, opportunities, and trends facing the transportation/maritime industry here in the Capital Region…
Waterborne tonnage moving in and out of Houston in the first quarter of 2026 reached 65 million short tons, up 12% compared to last year, according to the most recent data. Growth was driven primarily by exports, which at nearly 54 million short…
Several magnetic mines had been detected on a tanker in Russia's Baltic Sea port of Ust-Luga, Russia's Investigative Committee said on Monday.The committee said the mines, manufactured in a NATO country, were found by divers during an inspection of the hull of the tanker Arrhenius…
Syria's General Authority for Borders and Customs has signed an agreement with French shipping and logistics group CMA CGM to operate two dry ports within the free zones of Adra, in Damascus' outskirts, and Aleppo, Syrian state news agency SANA reported on Tuesday…
Recently retired Port of Aberdeen Chief Financial Officer Jon Oakey was honored with the Lifetime Achievement Award at the second Finance & Accountancy Business (FAB) Awards. Held at Union Kirk, Aberdeen on May 21, 2026, the FAB Awards celebrate…
'So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped…
