Worldwide box traffic crosses 1 billion TEU in 2025
Global container traffic in 2025 is set to have exceeded 1 billion TEU, the first time that container shipments have hit such a milestone.Container shipping con...
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10,596 articlesSupplyOne expands Midwest footprint with acquisition of Wertheimer Box
SupplyOne Inc. has acquired Wertheimer Box, an 86-year-old Chicago-area corrugated packaging provider, aiming to strengthen its presence in the Midwest and expa...
Eastern Pacific back for more ammonia carriers at Jiangnan
Idan Ofer’s Eastern Pacific Shipping (EPS) has returned to China to add more ammonia carrier capacity, placing an order for two very large ammonia carriers (V...
Union Bulk CEO Bonderup steps down
Danish dry bulk operator Union Bulk has confirmed that chief executive Michael Bonderup is stepping down, marking another leadership change for the handysize an...
V.Group buys fuel efficiency platform created by Maersk Tankers
V.Group has bought Njord, the maritime fuel efficiency and decarbonisation platform founded by Maersk Tankers, for an undisclosed sum. Njord will continue to op...
South Korea puts Arctic shipping on policy map with first boxship trial
South Korea has formally elevated Arctic shipping into national policy, with Seoul planning its first-ever container ship trial voyage via the Northern Sea Rout...
BP taps TechnipFMC for engineering work on Gulf of Mexico project
Offshore contracting giant TechnipFMC has been awarded an integrated engineering, procurement, construction, and installation (iEPCI) contract by BP for its Tib...
Jacobs’ QXO gets big investment from group led by Apollo
Brad Jacobs’ latest venture, QXO with it plans to roll up a diffuse network of building product suppliers through acquisitions, has just armed itself with a l...
Early Lunar New Year boosting trans-Pacific ocean rates
Trans-Pacific container rates out of Asia are expected to continue their recent strengthening as shippers fuel demand ahead of the Lunar New Year holidays.&ldqu...
Trump delays furniture, cabinet tariffs; scales back duties on pasta
The Trump administration has delayed steep tariff hikes on imported furniture, kitchen cabinets and bathroom vanities for one year, while sharply reducing propo...
Castor Maritime enters sale and leaseback deal for kamsarmax
Cyprus-based owner Castor Maritime has signed a sale and leaseback agreement for a bulk carrier vessel.The company signed the agreement for the 2013-built kamsa...
EXCLUSIVE: Maduro left Venezuela’s biggest container port “in shambles”
Container facilities at Venezuela’s busiest port were left in a state of serious disrepair by the Maduro regime, a U.S. maritime executive says, as a manageme...