Port of Oakland Sees Steady Container Volumes in August

Port of Oakland handled 192,313 TEUs in August 2025, nearly unchanged from last year. Exports grew 5.2% while imports dipped 1.2%, reflecting shifting...

Global Container Freight Rates Extend Decline as Drewry WCI Falls 8%

Transpacific rates fall 10% to Los Angeles and 8% to New York. Asia–Europe rates decline 9% on the Rotterdam route and 7% on...

CoolCo and EPS Ventures Reach Agreement in Principle on Merger

EPS Ventures Ltd. is in advanced discussions to acquire all outstanding shares of CoolCo not already held, at $9.65 per share in cash. ...

Ghostworks Gains California Nod for Zero-Emission Vessels

Certification from the California Air Resources Board (CARB) enables development and delivery of zero-emission electric-powered vessels. CORE program incentives make clean transportation more...

BIMCO: Global Container Trade Resilient Amid US Import Contraction

BIMCO’s September 2025 outlook highlights resilient container trade outside North America despite US tariff impacts. Global cargo volumes are forecast to grow 2.5–3.5%...

Zodiac Maritime Expands Fleet Amid Global Challenges

Zodiac Maritime is preparing for its 50th anniversary in 2026 with a significant fleet expansion. The company emphasizes a strong family ethos, long-service...

Cyber Insurance Helps Businesses Gain Ground Against Ransomware Threats

Ransomware remains the leading driver of cyber insurance claims, with attackers increasingly targeting smaller firms and double extortion tactics on the rise. Retail,...

ABS and Persona AI Join Forces to Pioneer Robotic Standards in...

ABS and Persona AI have signed an MOU to integrate humanoid robots into shipyard operations, enhancing productivity and safety. The collaboration will focus...

Gulf of Mexico Energy Landscape Shifts Toward LNG and Renewables

U.S. offshore oil projects face stiff competition from Latin America, with Guyana and Brazil offering lower break-even costs. Rising Gulf of Mexico production...

Imabari Shipbuilding Delivers Future-Ready 13,900 TEU Vessel to ONE

Imabari Shipbuilding delivers ONE STRENGTH, a 13,900 TEU vessel for Ocean Network Express. The ship is designed for high efficiency, with energy-saving devices...