World

Global air cargo markets saw a sharp weekly contraction in Week 22, with volumes dropping 9% year on year for...

A major step has been taken in the exploration of nuclear propulsion for commercial vessels, as American Bureau of Shipping (ABS) has granted approval in principle (AIP) for a next-generation reactor design intended for integration into cargo ship propulsion systems.  The concept has been developed through a...

A major shift could be on the horizon for U.S. employers as the U.S. Equal Employment Opportunity Commission (EEOC) moves...

A major shift has emerged for the US freight brokerage industry following a landmark Supreme Court ruling that found third parties can be held liable for negligent hiring practices.  The decision, issued unanimously on 14 May in a case involving C.H. Robinson Worldwide, is already being described as a turning point for how...

The United States is weighing the introduction of new tariff measures targeting 60 trading partners, following investigations into the alleged...

AD Ports Group has taken a major strategic step in its international expansion with its largest acquisition to date, moving into South America through a deal valued at AED3.1bn ($835m) for Brazilian agri-bulk terminal operator Corredor Logística e Infraestrutura (CLI).  The acquisition marks a first entry into the region for the Abu...

Shipping leaders gathered at the TradeWinds Shipowners Forum during Posidonia painted a clear picture of an industry no longer driven solely by cycles and fundamentals, but increasingly shaped by geopolitics that is actively redrawing global trade flows, fleet deployment strategies, financing decisions and asset values.  A central message from the panel was that geopolitical developments are no longer temporary disruptions but structural forces reshaping entire shipping markets.  “Nowadays, we see that geopolitics is not simply creating operational disruptions. Geopolitics are redefining entire markets across segments,” said Charis Plakantonaki, chief strategy officer at...

One of shipping’s most outspoken figures, Evangelos Marinakis, founder and chairman of Capital Maritime & Trading Corp, has suggested that the industry might have been better served by paying a structured fee to maintain access through the Strait of Hormuz, rather than enduring prolonged disruption following the Iran-Israel-US-related conflict.  Speaking at the TradeWinds Shipowners Forum during Posidonia, Marinakis argued that a predictable payment system would have...

At the TradeWinds Shipowners Forum held during Posidonia, senior figures from across global shipping gathered around a central question: how long can...

The prolonged takeover confrontation between US-listed dry bulk operator Genco Shipping & Trading and Greek rival Diana Shipping has intensified once again after Genco’s board unanimously rejected Diana’s latest cash offer of $24.80 per share.  The decision marks the third time Genco has turned down proposals from Diana since the takeover attempt began late last year, setting the stage...