Business

As thousands of shipping professionals prepare to descend on Athens for Posidonia, one of the maritime industry’s largest and most demanding events, ShipMoney global brand ambassador Karen Martin has offered a candid and experience-driven guide to navigating the week successfully.  For Martin, Posidonia is far more than a traditional exhibition. It is a relentless combination of networking,...

South Africa’s Transnet National Ports Authority (TNPA) has taken a formal step forward for the development of a major liquefied...

Globe Air Cargo (GAC) France, part of the ECS Group, is playing a key role in strengthening Nippon Cargo Airlines’...

Atlas Air Worldwide has announced it has acquired a 49% minority stake in Iceland-based Air Atlanta, which will expand its...

Walmart is considering how to allocate potential tariff refunds that could amount to less than half of 1% of its annual U.S. sales — roughly $2.4 billion — with a clear intention to channel any recovery into lowering prices for customers facing ongoing cost pressures.  Speaking during the company’s fiscal Q1 2027 earnings call (ended April 30), CFO John David Rainey said Walmart would “definitely bias and try to prioritize” using any tariff refunds to support price reductions, pointing to persistent pressure on consumers, particularly from elevated fuel costs. ...

US federal regulators have conditionally accepted the merger application submitted by Union Pacific and Norfolk Southern, allowing the process to move forward...

SS Teo, one of Singapore’s most recognised shipping figures and executive chairman of Pacific International Lines (PIL), has stepped aside from his leadership role as he prepares to defend himself and his company against a US Justice Department container cartel investigation.  PIL, currently the world’s 12th largest container shipping line, confirmed that Teo will take a leave of absence from his position...

Maritime digital solutions provider Marlink has signed a strategic partnership with vessel analytics company Metis in a move aimed at expanding shipowners’ access to advanced vessel data intelligence and AI-powered operational analytics.  Under the agreement, Marlink will act as a strategic integration partner for Metis’ vessel performance and operational data solutions, combining Metis’ onboard analytics and high-frequency data acquisition capabilities with Marlink’s global digital infrastructure, cyber-secure connectivity services and worldwide maritime support...

Shipping companies are being forced to rethink traditional voyage planning strategies as geopolitical tensions, volatile fuel markets and operational disruptions continue to reshape global trade flows, according to maritime technology specialist StormGeo.  The company believes the industry must move away from static operational decision-making and adopt more adaptive, AI-driven voyage optimisation strategies capable of responding in real time to changing market and operational conditions.  Recent disruptions linked to the conflict in the Middle...

Product tanker operator Hafnia is accelerating the deployment of enterprise AI platform Complexio across its business after the first phase of implementation delivered early operational improvements in commercial and finance workflows.  The update was revealed in Hafnia’s first-quarter results, where chief executive Mikael Skov highlighted faster response times and improved operational efficiency following the platform’s initial rollout.  Skov described Complexio as an enterprise AI solution that combines conversational AI, workflow analytics and automation tools to support faster and...