AD Ports Group reported record second-quarter results for 2026, with strong growth in its Maritime & Shipping business and higher freight rates helping offset significant disruption to UAE port volumes stemming from conflict in and around the Strait of Hormuz.The Abu Dhabi-based ports, shipping and logistics group reported Q2 revenue of AED 7.08 billion ($1.93 billion), up 47% year-on-year, while EBITDA increased 49% to AED 1…
The Port of Los Angeles, the nation's busiest seaport, notched its second-highest volume for July, boosted by resilient demand for consumer goods and equipment for manufacturing and data center construction, its executive director said on Tuesday…
At least one cargo of gasoline from India has entered Russia's domestic market as Moscow seeks to ease fuel shortages caused by Ukrainian drone attacks on refineries, three industry sources told Reuters and LSEG shipping data showed.Russia has…
East Java Multipurpose Terminal (EJMT), the Lamongan operation of International Container Terminal Services, Inc. (ICTSI), recently hosted logistics industry representatives to explore trade opportunities between East Java and the broader Eastern Indonesia region…
The Los Angeles Harbor Commission has approved an addendum to further accelerate clean air technologies and incentives as part of the Port of Los Angeles’ 2025 clean air Cooperative Agreement with the South Coast Air Quality Management District (South Coast AQMD) and neighboring Port of Long Beach…
DP World reported revenue of $12.7 billion for the first half of 2026, up 13.1% year-on-year, as its global network helped the company navigate significant disruption to trade flows in the Middle East.Growth across Logistics, Marine Services…
Hapag-Lloyd reported a recovery in second-quarter 2026 earnings as stronger container volumes and spot rates helped counter roughly $600 million in additional costs stemming from the Middle East conflict.The German container shipping group posted Q2 EBITDA of $829 million…
Danish shipping group Maersk on Thursday raised its full-year earnings guidance for a second time this year and smashed profit forecasts as global container demand proved resilient in the face of the Middle East conflict.Surging freight rates…
Just how much crude oil is leaving the Strait of Hormuz?U.S. Energy Secretary Chris Wright claims almost nine million barrels per day, but the companies that track vessel movements say at best it is about half this volume.The amount of crude leaving the Middle East via the narrow chokepoint matters…
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP)…
Air quality screenings recorded at the port of Ilulissat in Greenland show high air pollution levels with an average around 60-70 times higher than safe low particle levels recommended by the World Health Organization (WHO) of 1,000 particles/cm3…
Port Everglades celebrated the arrival of the largest cargo ship to ever visit the port today, with the arrival of the MSC Vandya. However, the water depth restrictions mean that the MSC Vandya was lightly loaded.The MSC Vandya is 143,521 gross tons…
The UK P&I Club has announced the appointment of Ms. Jeong-Sook Kim as Senior Underwriting Director, with initial responsibility for the Korean market. Based in the Club's London office, she will work closely with William Beveridge, Chief Underwriting Officer…
ABB will supply the integrated power and propulsion system for Grand Tour, a new 230-meter semi-submersible heavy transport vessel being built by Guangzhou Shipyard International (GSI) for offshore contractor Allseas.Scheduled for delivery in 2028…
Descartes Systems Group has released its August Global Shipping with figures indicting that July 2026 U.S. container import volumes increased 4.5% over June to 2,508,310 TEUs, reflecting typical month-over-month seasonal growth.July U.S. containerized…
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