Shipping & Logistics
Fleet movements, supply chains and global logistics updates
Wallenius Wilhelmsen Secures $420 Million Contract Extension with European Automaker
Wallenius Wilhelmsen has secured another major long-term agreement, extending its partnership with a leading European automotive manufacturer in a deal valued at approximately $420 million. Beyond providing stable business through 2031, the contract highlights how sustainability is becoming an…
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Norway Invests $130 Million to Accelerate Fleet of Zero-Emission Vessels
Norway has reinforced its position as a global leader in green shipping by committing more than $130 million to build 10 new zero-emission vessels. The investment is part of a broader strategy to decarbonise domestic shipping and develop the fuel infrastructure required to support the industry’s…
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AD Ports Group Unveils AI Intelligence Hub to Power the Next Era of Smart Ports
As ports worldwide accelerate their digital transformation, AD Ports Group has introduced a new AI-powered intelligence platform designed to integrate artificial intelligence into every layer of its business. The initiative reflects the growing role of AI in improving operational efficiency…
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Container Freight Rates Surge as Middle East Tensions Ripple Through Global Supply Chains
The impact of the ongoing Iran conflict is being felt far beyond the Middle East. Container shipping markets are experiencing a sharp rise in freight rates as carriers grapple with higher operating costs, disrupted trade flows, and mounting congestion at key Asian transshipment hubs. With the…
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Supertanker Ordering Frenzy Reaches New Record as Owners Bet on Future Demand
The global tanker market is witnessing a historic surge in newbuilding activity, with shipowners ordering more Very Large Crude Carriers (VLCCs) than at any point in recorded history. While strong freight earnings and aging fleets are driving investment, many industry veterans are also warning that…
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United States Approves First Floating LNG Export Project in Landmark $5 Billion Investment
The U.S. LNG sector has reached a significant milestone with Delfin Midstream and its investors giving the green light to the country’s first floating liquefied natural gas (FLNG) export project. The development not only introduces a new model for American LNG exports but also positions the project…
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EU Holds Back Full Shipping Ban on Russian Oil — For Now
A tougher sanctions package is on the table, but when it comes to shipping, the EU is still navigating internal divisions. The latest move keeps the current system in place — and the tanker market watching closely.
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Stranded Iranian Oil Could Re-Enter Market as U.S. Weighs Sanctions Relief
With oil prices surging and tanker routes under threat, Washington is exploring a short-term supply fix. For shipping and energy markets, this move could quickly shift tanker demand, freight rates, and operational risk in the Gulf.
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Damen and FN Herstal Join Forces to Develop Next-Generation Naval and Unmanned Defence Systems
Shipbuilder Damen and defence specialist FN Herstal are strengthening cooperation in the naval defence sector.A new agreement aims to combine shipbuilding platforms with advanced weapons and security technologies to support future naval operations in Europe and within NATO.
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