CSX Opens Historic Baltimore Rail Tunnel, Unlocking Double-Stack Container Service

A major milestone for U.S. freight transportation was officially celebrated in Baltimore as CSX and public officials inaugurated the newly upgraded Howard Street Tunnel, a transformative infrastructure project valued at $495 million that is set to significantly expand intermodal rail capacity along the East Coast.  The ribbon-cutting ceremony brought together Maryland...

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Vessels continue transiting Strait of Hormuz despite conflicting Iran–US signals on closure threats

Shipping traffic is continuing to move through the Strait of Hormuz despite renewed uncertainty triggered by conflicting political announcements and ongoing regional tensions involving Iran and the United States.  After a confusing sequence of declarations over recent days, shipowners initially received confirmation that the Strait would remain open following a Memorandum of Understanding between the US and Israel on 18 June. However, Iran later announced a closure two days afterwards, linking its decision to Israeli air...

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Fortescue commits to ammonia-ready Newcastlemax fleet with CMB.TECH

Fortescue is pushing further into ammonia-powered shipping through a new charter agreement with CMB.TECH, covering up to 12 Newcastlemax bulk carriers designed either for ammonia dual-fuel operation or future conversion.  The agreement includes up to three 210,000 dwt ammonia dual-fuel Newcastlemax vessels, expected to enter service with CMB.TECH’s dry bulk arm Bomicar by the end of 2026. In...

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