DHL eCommerce and CTT – Correios de Portugal have received unconditional approval from the European Commission for their planned joint venture, clearing a major regulatory hurdle and moving the deal closer to completion, the companies said.
The approval under the EU Merger Regulation satisfies the primary external condition required for the transaction. The companies still need clearance under the EU Foreign Subsidies Regulation and completion of remaining procedural steps, with closing ...
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Shipping fuel strategies are increasingly being driven by short-term commercial pressures rather than long-term decarbonization goals, as energy market volatility reshapes fleet planning, said BAR Technology
The company cited infrastructure disruptions, geopolitical risks and uncertainty across key shipping corridors as exposing the limits of single-fuel strategies, while constrained availability of alternative ...
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TotalEnergies will exit U.S. offshore wind, relinquishing two federal leases and redirecting capital to natural gas and power projects, after reaching a settlement with the U.S. Department of the Interior that includes roughly US$1 billion in reimbursed lease fees.
The company said it will return the Carolina Long Bay and New ...
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ANALYSIS – The Trump administration is reshaping U.S. energy and foreign policy around oil supply and price stability, taking aggressive steps in Venezuela and Iran as global markets reel from oil-driven disruptions.
In recent days, the administration has moved to ease restrictions on both Venezuelan and Iranian oil, part of a ...
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Blank sailings are surging across major trade lanes, underscoring how schedule volatility is reshaping operational planning for ports and inland operators.
Data from maritime consultancy Drewry show a 122 percent month-over-month increase in blank sailings on key east-west routes in February, effectively doubling withdrawn capacity compared with the previous period.
While blank ...
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Several major container shipping lines reported sharply lower earnings for 2025 as the industry continued to cool from the record profits generated during the pandemic-era freight boom.
Taiwan-based carrier Evergreen Marine Corp. said net profit attributable to shareholders fell 50.8 percent to about US$2.13 billion, on revenue of US$11.79 billion. Revenue ...
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The U.S. Department of Justice, acting on behalf of the National Highway Traffic Safety Administration, has filed a lawsuit challenging California regulations that the federal government says effectively require automakers to meet state-specific electric vehicle and fuel economy standards.
The lawsuit, filed in the U.S. District Court for the Eastern District ...
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Austria-based logistics and heavy transport group Felbermayr Group has expanded its heavy assembly and engineered solutions capabilities through the acquisition of specialized equipment from Hoffmann Spezialtransporte.
The transfer of assets was completed in mid-March following the retirement of company founder Olaf Hoffmann. The equipment will be integrated into Felbermayr’s heavy installation ...
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Container shipping disruptions linked to tensions around the Strait of Hormuz are testing whether Gulf states can reroute cargo through alternative ports and inland corridors, but structural constraints limit short-term options, according to Drewry Maritime Research.
The chokepoint handles a relatively small share of global container volumes, about 3.5 percent, but ...
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Port Freeport has completed a series of infrastructure projects totaling nearly US$30 million aimed at supporting the expansion of the Velasco Container Terminal and improving freight access at the Texas Gulf Coast port.
Port officials, state transportation representatives and local leaders marked the milestone with ribbon-cutting ceremonies recognizing projects that include ...
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