$186m FMC claim: Samsung takes CMA CGM to the wall
Samsung Electronics America files FMC complaint over 121,000 disputed charges from 2020 onwards.
Business
Business news maritime ports
240 stories
Business
Shipping’s Talent Crisis: Why 5,000 Young Professionals Are Demanding
YoungShip’s global network of under-35s grows to 5,000 members as industry grapples.
Business
Hapag-Lloyd deal locks in $750m for SFL until 2036
SFL Corporation secures seven-year extensions on six 15,400 TEU vessels, lifting its backlog to $4.6bn.
Business
$83m Aframax Sale Shakes Tanker Market as Aegean Bets Big on VLCCs
Greek owner Aegean Shipping Management sells 2022-built Green Adventure for $83m amid record tanker values.
Business
4% of global oil at risk: Hormuz and Bab el-Mandeb choke points tighten
Saudi Arabia’s 4m-barrel-per-day East-West pipeline shut after drone strike, while Houthis seize key Red Sea islands
Business
Cologne’s DHL hub now sorts 50k parcels/hour—why it matters
DHL’s €1bn annual investment fuels expansion to meet e-commerce demand in northwest Germany.
Business
$200m VLCC deal shatters tanker market as rates soar beyond $800,000 daily
Dubai’s Onex DMCC pays $20.6m premium for scrubber-fitted 306,000 dwt VLCC Promise, built in China this year
Business
Oman’s Asyad bets $411m on eight MR tankers—all chartered
Oman’s Asyad Shipping has ordered two more 49,999 dwt MR product tankers from HD Hyundai Heavy Industries.
Business
Fulfillment Margins Plummet: 9.7% to 0.6% in Just Three Months
Parcel shipping costs surged 13% year-over-year, outpacing GMV growth and squeezing operators ahead of peak season.
Business
Cartel logistics chief jailed for 19 years
Roberto Lopez sentenced to 18 years, 10 months for moving 300kg of cocaine weekly through US trucking routes.
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.
