The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on…
Russian wheat export prices held firm last week, supported by a strong rouble and a continued reluctance by farmers to sell, although analysts expect a drop in export shipments in June.The price of Russian wheat with 12.5% protein content for…
Geopolitical tensions, market volatility and an approaching influx of newbuild vessels increase attractions of outsourcing management services for a key market constituency, writes Capt. Anurag Mathur, Managing Director, Wallem Maritime Solutions…
Kristian Durhuus will assume the position of CEO of Copenhagen Malmö Port (CMP) on June 1, 2026.Kristian Durhuus brings a strong leadership and commercial background, most recently serving as CEO of Molslinjen A/S and Øresundslinjen AB, as well as COO at Copenhagen Airports A/S…
Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to HD Hyundai Samho for a container ship design standard supporting NAV1 compliance. The AiP, presented at Posidonia 2026, centers on a remote camera system designed to deliver a…
Lloyd’s Register (LR) has signed a Memorandum of Understanding (MOU) for Joint Development Project (JDP) with Samsung Heavy Industries (SHI) and Capital Clean Energy Carriers Corp for a floating data center (FDC) design.Presented at Posidonia 2026…
The Paris Memorandum of Understanding on Port State Control (Paris MoU) raised concerns about deceptive practices at its 59th Committee meeting in Glasgow, held from May 18 to 22.The Committee noted a continuous rise in the detention rate to 4…
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…
Schottel is expanding its international network with the establishment of a new subsidiary in India. With Schottel India Sales and Service Private Limited, the German propulsion company is further strengthening its presence in a rapidly developing…
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…
Ivory Coast has sold about 1 million metric tons of cocoa in export contracts for the 2026-27 main crop, but has started to slow sales due to concerns about the impact of a looming El Nino weather pattern on output, four sources told Reuters…
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…
The maritime transport industry, the backbone of global trade, is at a pivot point amid shifts in economic, political, and technological conditions. Advances in technology have entered the industry, thereby improving efficiency and enabling innovative solutions for various onboard operations…
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 Republic of the Marshall Islands (RMI) Registry’s long-term and consistent commitment to shipping continues to be recognized by the international community. The recently released United States Coast Guard (USCG) 2025 Port State Control (PSC)…
