Feature
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 declined 18.2 percent from 2024.
The company said it will distribute dividends totaling about US$1.08 billion to shareholders, representing a yield ...
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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 ...
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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 ...
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The U.S. Surface Transportation Board has denied requests from two major railroads to intervene in a service dispute tied to the Meridian Speedway, concluding there is insufficient evidence to take action.
In a decision issued March 13, the board rejected petitions from Norfolk Southern Railway and ...
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Yang Ming Marine Transport Corp. is moving ahead with a fleet renewal program that underscores the dual pressures of decarbonization and network optimization in the container shipping sector.
The carrier said it has approved plans to order six 13,000-TEU LNG dual-fuel containerships, with procurement to proceed ...
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The twin ports of Port of Los Angeles and Port of Long Beach have issued a final assessment examining the feasibility of battery-electric and hydrogen fuel-cell cargo-handling equipment as the gateways move toward their zero-emissions goals.
The report, released March 10 under the ports’ Clean Air ...
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The global container ship order book has climbed to a record 11.8 million twenty-foot equivalent units despite falling freight rates and rising trade tensions, according to shipping association BIMCO.
The order book now totals more than 1,350 vessels, said Niels Rasmussen, reflecting continued fleet expansion by ...
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A new report from UL Standards & Engagement says incidents involving lithium-ion batteries in air cargo have increased 40 percent since 2021, highlighting growing safety concerns as global demand for battery-powered products continues to surge.
The study, released March 10, draws on incident reports from airlines ...
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Major container shipping lines are imposing emergency surcharges, restricting bookings and rerouting vessels as Iran’s threat to disrupt traffic through the Strait of Hormuz sends shockwaves through global energy and shipping markets.
The narrow waterway between Iran and Oman is one of the world’s most critical ...
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The Port of Brownsville said March 11 that a company called America First Refining plans to build what officials describe as the first new oil refinery on the U.S. Gulf Coast in nearly 50 years, a project expected to process domestic shale crude and create ...
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