Mitsui O.S.K. Lines (MOL) has sharply raised its earnings outlook for fiscal 2026, citing stronger-than-expected market conditions in its dry bulk, energy and chemical logistics businesses, along with improved performance at Ocean Network Express (ONE).
For the fiscal year ending March 31, 2027, MOL now expects revenue of ¥2.23 trillion (about US$14.1 billion), up from its previous forecast of ¥2.04 trillion. The company increased its operating profit forecast by 28.6 percent ...
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Matson says it has reduced Scope 1 greenhouse gas emissions from its owned fleet by 25 percent since its 2016 baseline while continuing a US$1 billion investment in a new generation of LNG-ready containerships.
The carrier's 2025 Sustainability Report shows Scope 1 emissions from owned vessels declined to 1.01 million metric ...
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Matson reported sharply higher second-quarter earnings and raised its full-year outlook as stronger China service demand and freight rates more than offset softer volumes in Hawaii and Alaska.
Net income rose to US$129.4 million from US$94.7 million a year earlier. Revenue increased 16.7 percent to US$969.4 million, while consolidated operating income ...
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Kawasaki Kisen Kaisha (K Line) reported higher first-quarter revenue and ordinary income as strong dry bulk and energy shipping markets offset weaker profitability in its product logistics business, where longer voyages, higher fuel costs and softer earnings from Ocean Network Express (ONE) weighed on results.
For the quarter ended June 30, ...
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Port Freeport and the U.S. Army Corps of Engineers have completed another major phase of the Freeport Harbor Channel Improvement Project, expanding vessel access and navigation capability at one of the nation's busiest energy and industrial ports.
Officials marked the milestone during a July 28 ribbon-cutting ceremony recognizing completion of channel ...
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Dirty tanker exports from Russian ports in the Black Sea and Sea of Azov fell 62 percent during the last two weeks of July, highlighting the growing impact of Ukraine's maritime drone campaign on regional oil exports.
According to BIMCO, loadings averaged 0.98 million barrels per day during the period, down ...
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Mitsui O.S.K. Lines (MOL), Hitachi Ltd. and Japan Airlines (JAL) will conduct Japan's first pilot project using Direct Ocean Capture (DOC) technology, testing a process that removes dissolved carbon dioxide directly from seawater with the goal of supporting future low-carbon fuel production.
The companies signed a memorandum of understanding to carry ...
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The International Air Transport Association warned that key design elements of the U.K.'s Sustainable Aviation Fuel (SAF) Mandate could impose billions of pounds in compliance costs on airlines unless supplies of advanced SAF increase significantly.
Unlike the European Union's ReFuelEU Aviation program, the U.K. mandate includes a "HEFA cap" beginning in ...
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GEODIS maintained stable profitability during the first half of 2026 despite mixed freight market conditions, as strength in international forwarding offset weaker road transport demand across Europe and the U.S.
The global logistics provider reported first-half revenue of €5.3 billion, down 1.4 percent at constant scope and exchange rates, while maintaining ...
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Freight forwarders are urging e-commerce exporters to reconsider their European fulfillment strategies following the European Union's elimination of its €150 duty-free threshold for low-value imports, a change that is already prompting adjustments in cross-border supply chains.
Since July 1, imports valued at €150 or less entering the EU have been subject ...
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