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The global shipping order book reached a 17-year high of 191 million compensated gross tonnes (CGT) by the end of the first quarter of 2026, equal to 17 percent of the global fleet, according to BIMCO.
The increase reflects sustained newbuilding activity and a surge in tanker orders, including a record quarter for crude tanker contracting, said Filipe Gouveia, shipping analysis manager at BIMCO.
Newbuilding contracting totaled 17.6 million CGT in the ...
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APM Terminals’ US$73 million rail expansion at Port of Los Angeles is accelerating cargo flows from ships to inland markets, as upgraded infrastructure at Pier 400 boosts capacity and cuts transit times.
The project, implemented at APM Terminals Los Angeles, added 31,000 linear feet of track ...
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Ocean Network Express has agreed to acquire a 30 percent stake in Hutchison Laem Chabang Terminal, strengthening its access to capacity at one of Southeast Asia’s key shipping hubs.
The investment, announced March 30, covers the Laem Chabang facility’s Terminal D, as well as Terminals C1, ...
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A.P. Moller-Maersk said its East-West Network, launched under the Gemini Cooperation with Hapag-Lloyd, has achieved schedule reliability above 90 percent in North America, underscoring efforts by ocean carriers to improve consistency after years of supply chain disruption.
The network, introduced in February 2025, marked a major ...
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Shippers should not overreact to recent increases in ocean freight rates linked to the Iran conflict, as current volatility remains below levels seen during the Covid-19 pandemic, according to Drewry Shipping Consultants.
Data from Drewry’s Container Freight Rate Insight shows that spot rates on major east-west ...
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DHL Global Forwarding is expanding air freight capacity between Asia and Europe with new dedicated flights, leveraging assets from DHL Express to meet rising demand on the trade lane.
The company said it will launch weekly Boeing 777F services connecting Shanghai and Leipzig, as well as ...
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AAL Shipping has unveiled its latest Super B-Class vessel, AAL Newcastle, and announced two additional newbuildings as it expands capacity for heavy-lift cargo.
The vessel was named at CSSC Huangpu Wenchong Shipyard. In a statement, AAL Shipping said AAL Tianjin and AAL Miami will join the ...
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Global iron ore shipments rose 5 percent year over year in the first 12 weeks of 2026, supported by stronger Chinese import demand, even as China’s steel output declined, according to BIMCO.
Chinese steel production fell 4 percent year over year in the first two months ...
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Global container shipping rates continued to rise across major benchmarks, but market signals from Drewry and Xeneta point to diverging dynamics between stable capacity on some lanes and tightening conditions driven by geopolitical disruption and congestion.
Drewry’s World Container Index for the week of March 19 ...
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DHL is expanding its North America logistics infrastructure to support accelerating demand for data center construction and hyperscale deployment, adding more than 7 million square feet of dedicated warehouse capacity across 10 new sites set to come online in 2026.
The expansion, led by DHL Supply ...
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