The global shipping industry faces a growing shortage of certified officers despite a sharp increase in the overall number of seafarers, according to the Seafarer Workforce Report 2026 released Thursday by BIMCO and the International Chamber of Shipping (ICS).
The report estimates the global merchant fleet now employs 2.57 million STCW-certified seafarers, including 1.05 million officers and 1.52 million ratings, to operate 85,148 merchant ships worldwide. But while the industry has ...
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Even if geopolitical tensions continue to disrupt global shipping, the container market is likely to weaken over the next 18 months as rapid fleet expansion outpaces cargo demand, according to BIMCO’s latest Container Shipping Market Overview & Outlook.
BIMCO Chief Shipping Analyst Niels Rasmussen outlines two scenarios in the June report: ...
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Louisiana has moved to streamline the movement of oversized and overweight freight with the enactment of House Bill 746, now Act 566, legislation that makes the state’s Department of Transportation and Development (DOTD) the primary authority for issuing heavy-haul permits statewide. The measure was authored by state Rep. Charles Owen ...
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The Port of Baltimore can now move double-stacked container trains for the first time following completion of the $495 million Howard Street Tunnel Project, a milestone state officials say will expand the port’s container business, improve inland connectivity and create thousands of jobs.
Maryland Gov. Wes Moore joined CSX President and ...
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The rapid expansion of artificial intelligence is reshaping investment priorities, with capital increasingly flowing toward the physical infrastructure needed to support AI rather than the applications themselves, according to a new Baker Tilly report.
The firm’s Investment Monitor: AI & Digital Infrastructure concludes that data centers, semiconductors, power infrastructure and related ...
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FedEx is urging customers importing regulated consumer products into the United States to begin preparing now for the Consumer Product Safety Commission’s (CPSC) mandatory electronic filing requirement, warning that delays in establishing product records could slow customs clearance once the rule takes effect July 8.
In updated guidance for international shippers, ...
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Galveston Wharves has promoted longtime executive Brett Milutin to chief operating officer and executive deputy port director as the Texas port advances a series of major growth initiatives centered on Pelican Island and cargo expansion.
Milutin, a 25-year employee of the port, will oversee operations as Galveston pursues development opportunities tied ...
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The Trump administration has signed an interim agreement with Iran aimed at ending months of disruption in the Strait of Hormuz, restoring oil flows and creating a 60-day window for broader negotiations. The arrangement reportedly includes a US$300 billion reconstruction and economic fund, although no outside guarantors or enforcement mechanisms ...
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DP World has entered into exclusive negotiations for a long-term lease to develop and operate a container terminal at the Port of Corpus Christi, marking a significant step toward expanding containerized cargo capabilities along the U.S. Gulf Coast.
DP World operates more than 60 ports and terminals globally and says it ...
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The Port of Long Beach handled 842,030 TEUs in May, an increase of 31.7 percent compared with the same month last year, making it the port’s third-busiest May on record.
Imports rose 40 percent to 418,851 TEUs, while exports increased 32.9 percent to 109,168 TEUs. Empty container volumes climbed 21.8 percent ...
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