Freight News
Tanker demand is weakening as disruptions to oil exports from the Persian Gulf, Red Sea and Russia reduce seaborne cargo volumes, according to BIMCO's August Tanker Shipping Market Overview and Outlook.
BIMCO forecasts crude tanker demand will fall 10.5 percent to 12.5 percent in 2026 if conditions in the Strait of Hormuz begin gradually normalizing during the fourth quarter. Demand could then rebound 17 percent to 19.5 percent in 2027 as ...
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Crowley will launch a new weekly container service connecting Port Houston with Guatemala and Honduras beginning Sept. 10, expanding direct U.S. Gulf connections with Central America.
The Gulf-Central America Express Service will connect Houston with Santo Tomás de Castilla, Guatemala, and Puerto Cortés, Honduras, with Thursday ...
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The consolidated PC14–17 facility will handle nearly 40 percent of the Port of Kobe’s foreign-trade containers, according to the carrier.
Kawasaki Kisen Kaisha, or “K “Line, will begin operations at the Kobe International Container Terminal’s PC14–17 complex on Sept. 1, the Japanese carrier announced Wednesday.
The terminal ...
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The Jackson County Port Authority Board of Commissioners has named Charles David Tillotson port director of Port Pascagoula. He will begin serving in the position Aug. 24.
Tillotson brings more than 30 years of experience in maritime operations, port business development, logistics and commercial management. His ...
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The two organizations plan to coordinate regulatory advocacy and share technical information on marine fuels, emissions compliance and fleet technology.
The Clean Shipping Alliance and Marine Fuels Alliance have signed a two-year memorandum of understanding aimed at helping ship operators and bunker suppliers navigate emissions regulations ...
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Grain exports from the region fell 26 percent over five weeks as attacks on ships and port infrastructure intensified, according to BIMCO.
Global seaborne grain shipments declined 8 percent year over year during the five weeks spanning weeks 29 through 33, driven by a sharp reduction ...
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The investment will give Hapag-Lloyd long-term capacity at the expanding Maasvlakte II terminal, a key European hub for the Gemini Cooperation.
Hapag-Lloyd has agreed to acquire a 25 percent stake in APM Terminals Maasvlakte II in Rotterdam, strengthening the carrier’s access to automated terminal capacity at ...
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Hapag-Lloyd reported improved volumes and freight rates in the second quarter, but an estimated US$600 million in additional costs related to the Middle East conflict weighed heavily on earnings.
The Hamburg-based container carrier reported Q2 group revenue of US$5.84 billion, up nearly 11 percent from US$5.27 ...
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An executive order and new White House report signal increased scrutiny of country-of-origin claims, importer ownership, production records and international cargo routing.
U.S. importers could face expanded documentation requirements, more intensive vetting and closer examination of overseas production as the Trump administration moves to strengthen enforcement ...
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Wallenius Wilhelmsen maintained its full-year earnings outlook as surging vehicle exports from Asia kept its ro-ro fleet fully utilized and strengthened freight and charter rates, although higher fuel costs related to the Middle East conflict weighed on second-quarter earnings.
The company reported second-quarter revenue of US$1.31 ...
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