Shipping
Fire Reignites on COSCO Car Carrier After a Month at Sea
Panama detects new hot spot on abandoned 7,500-vehicle vessel as salvage teams struggle to cool the stern.
Conflicts
One Dead, One Missing as Tanker Attack Rocks Strait of Hormuz
A Gibraltar-flagged oil tanker was hit off Dubai, sending Brent crude above $100 for the first time since July.
Business
$1.3bn boost: Motive scraps IPO to bet big on AI for trucking fleets
San Francisco-based Motive raises $1.3 billion from General Catalyst, withdraws S-1.
Conflicts
Hormuz tanker war hits record pace as VLCC rates soar past $750,000
US and Iran exchange strikes on 18 vessels in one week, pushing daily freight rates to near $800,000
Ports
Savannah’s new 25-acre hub: Why breakbulk just got faster
Colonial Terminals launches 24-hour facility with 810-foot dock and 14,000 feet of rail track on the Savannah River
World Economy
US-Mexico trade hits $94.8bn record—why Laredo can’t keep up
July’s $94.8bn two-way trade surged 27.5% year-on-year, but trucking bottlenecks at Laredo threaten the supply chain.
Containers
27,500 TEU Giants: Why Carriers May Ditch 24,000-Box Ships by 2030
Alphaliner forecasts a new class of 425-metre vessels as fuel costs and carbon taxes reshape East-West routes.
Conflicts
US Strikes 5 Iranian Tankers After Missile Attack on Warship
CENTCOM destroys five vessels linked to IRGC funding network after ballistic missile attacks on US Navy warship.
World Economy
Diesel surcharge benchmark smashes $6 barrier—what it means for shipping
US retail diesel prices hit an all-time high of $5.967/gallon, pushing freight costs to unprecedented levels.
Shipyards
US Navy’s Acting Chief Tours Hanwha’s $150bn Shipyard Bet on Philly
Acting Secretary of the Navy Hung Cao visits Hanwha Philly Shipyard as workforce surges to nearly 2,500.
