Why Buying and Selling Heavy Equipment Still Feels Stuck in 2005
The trucking and heavy equipment industries have undergone a dramatic transformation since the pandemic. Fleet operators have adapted their business models, and...
Shipping News
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ASENAV and SAAM seal first-ever tugboat build in Chile
ASENAV shipyard and towage operator SAAM have signed their first shipbuilding contract, marking a milestone for Chile’s maritime industry.The agreement covers...
Polemis tied to suezmax order in China
Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace ove...
Trump’s Iran squeeze fuels tanker volatility
Shipping markets are bracing for heightened volatility as tensions around Iran spill over into trade, energy and maritime security, with US president Donald Tru...
Russian drones hit ships off Odesa as Black Sea attacks escalate
Russia has carried out fresh drone strikes on two civilian vessels transporting food products in the Black Sea, injuring a seafarer and setting one ship ablaze,...
Larsen & Toubro takes full ownership of heavy-lift vessel
Malaysian offshore services company Vantris Energy, formerly known as Sapura Energy, has divested its 40% interest in L&T-Sapura Shipping, the owner and operato...
€100m cocaine haul seized from bulk carrier off Canary Islands
Spanish authorities have intercepted almost 10 tonnes of cocaine hidden aboard a merchant vessel off the Canary Islands in what police say is the country’s la...
Greek dry bulk management partnership formed
Capital-Executive Ship Management Corp has entered into a strategic partnership with Axis Maritime Corp, an SPV led by Nicholas Madias, and will rebrand as Capi...
NORDEN sells two vessels and expands fleet with new MPP leases
NORDEN has completed the sale of two vessels from its owned fleet, comprising one MR tanker and one Capesize vessel, as the company continues to capitalise on s...
Allegiant to absorb Sun Country’s Amazon cargo business
Amazon will outsource two additional cargo aircraft to Sun Country Airlines this year after being notified of merger discussions with Allegiant Travel Co., sign...
BNSF and CN want UP, NS to produce more merger documents
Union Pacific and Norfolk Southern are withholding key documents that are needed for rival railroads, shippers, and regulators to properly evaluate their transc...
Konecranes secures four-crane order for TerraPower Natrium Plant
Konecranes has won an order for four advanced cranes to support construction of TerraPower’s Natrium® nuclear power plant in Kemmerer, Wyoming.The order, ...