The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…
Macgregor has released its first quarter 2026 interim report indicating a strong start to 2026 with continued positive momentum, despite a dip in ordering.MacGregor CEO Jonas Gustavsson said: “The first quarter of 2026 marks a solid start to our first full year as a standalone company…
Jumbo has announced the signing of a contract with Daiia Heavy Industry for the construction of two new heavy lift transportation vessels. The vessels will form Jumbo's new L-Class fleet, designed to support a broad range of heavy lift transport operations…
The CMA CGM Group has taken delivery of the CMA CGM NOTRE DAME, a new-generation liquefied natural gas (LNG)-powered vessel and the largest containership currently operating under the French flag. The vessel has begun its maiden commercial voyage in Shanghai…
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…
A new report from the Lloyd’s Register Maritime Decarbonisation Hub (The Decarb Hub) finds that early investment in a small number of strategically positioned hubs and export gateways could accelerate the availability and uptake of sustainable maritime fuels…
Oil prices fell nearly 7% on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough…
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…
U.S. President Donald Trump said on Sunday he had told his representatives not to rush into any deal with Iran, as his administration played down hopes of an imminent breakthrough in the three-month-old war that had been raised a day earlier…
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…
The EU will temporarily lift customs duties on key nitrogen-based fertilizers such as urea and ammonia for one year to mitigate the knock-on effects of the Iran war, the Council of the EU said on Friday.Global fertiliser prices have jumped following the near total closure of the Strait of Hormuz…
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…
