Kuehne + Nagel Launches Cost-Cutting Program After Earnings Fall
Kuehne + Nagel posted lower earnings and revenue and launched a cost-reduction program, flagging a challenging market and overcapacity.
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Kuehne + Nagel posted lower earnings and revenue and launched a cost-reduction program, flagging a challenging market and overcapacity.
QatarEnergy confirmed reports coming from Iran that a chartered MR tanker was struck early on April 1.
The UK government said it will host a meeting this week to bring together the 35 signatory nations to its statement of intent to improve maritime security in the Arabian Gulf. The meeting is scheduled for 2 April.
The Baltic Exchange’s dry bulk freight index halted a two-day decline on Wednesday, rising by 1.8% to 2,030 points, amid broad-based gains across vessel segments.
With the Strait of Hormuz closed to all but a trickle of shipping traffic the Saudi Arabian east – west pipeline that connects to Yanbu on the Red Sea has become a lifeline for crude exports.
The U.S. Treasury has lifted sanctions on three Russian cargo ships that were on its blacklist for links to the ongoing invasion of Ukraine.
Iran's Islamic Revolutionary Guard Corps has begun to implement a formal system of payment and permitting for merchant ships requesting passage through the Strait of Hormuz, according to Bloomberg.
UN Trade and Development (UNCTAD) has published a series of infographics to explain the growth and financial implications of disruptions in the Strait of Hormuz.
On Tuesday, the Nimitz-class carrier USS George H.W. Bush deployed from Norfolk, and she is expected to join carriers USS Abraham Lincoln and USS Gerald R. Ford on station in the Mideast.
Just as the world is looking for alternative sources of LNG, Golden Pass LNG in Texas reported it has achieved first production.
The Royal Navy's top officer believes that the service may not be fully ready for war until the 2030s, given the current state of the service and the results of a recent defense review.
From splash247.com
Brazilian offshore driller Constellation Oil Services has renegotiated three rig contracts with compatriot oil and gas giant Petrobras.
From splash247.com
Offshore jackup rig player Borr Drilling has revealed in an operational update that it won new contracts for four of its rigs. In West Africa, the 2014-built Prospector 5 has received a binding letter of award from BW Energy in Gabon.
From splash247.com
Subsea7 has secured a contract from Noble Energy, a Chevron company, for subsea installation work on the Aseng gas monetisation project offshore Equatorial Guinea.
From splash247.com
The United States holds less than 1% of global commercial shipbuilding market share and ranks on a par with Vietnam in a rigorous ten-criteria assessment of shipbuilding competitiveness – a sobering verdict from broker BRS Group that exposes the enormous structural gap between Washington’s maritime ambitions and industrial reality.
From www.world-grain.com
Totals fall below average expectations for corn, wheat
From www.world-grain.com
Provides soy-based protein ingredients for feed
From www.world-grain.com
Adding 2-million-bushel building at Red Cloud, Nebraska, facility
From www.linkedin.com
Stock prices are up and oil futures are down on expectations that Trump will retreat from the war with Iran. But a US withdrawal would leave the Strait of Hormuz under Iran’s control, which could lead to an extended disruption to shipping.
From www.linkedin.com
Port of Rotterdam introduces “Container Doorbell” to reduce vessel waiting times.
From www.linkedin.com
Turkey and Africa keep buying Russian #wheat; the Middle East war is seen having limited impact on regional demand - SovEcon report
Egypt remained the top buyer in February (0.5 mmt), followed by Turkey (0.4 mmt). Kenya surged to third (0.3 mmt), the highest since Oct 2024.
Sudan and Iraq continue strong seasonal imports, both well above last year. Algeria resumed buying. Iran stepped back after replenishing stocks - after being among top destinations in 2H 2025 (preparing for war?).
For now, Persian Gulf tensions are not disrupting trade. Regional coverage appears sufficient - and grain flows remain steady.
Oil prices soared following President Trump's address, with Brent crude skyrocketing to $106 and WTI exceeding $103. The speech failed to alleviate concerns over Middle East tensions and the Strait of Hormuz disruption.
Coal India falls short of FY26 production target, with a 1.7% decline in output and a significant rise in e-auction prices.
From thedigitalship.com
A Hong Kong shipowner moves deeper into class-recognised maritime digitalisation as its first “augmented ship” enters service. The delivery shows how ship management is doing a data-led decision making, with closer links between vessel and shore.
From thedigitalship.com
Energy operators are tightening control over complex offshore assets through enterprise digital platforms. A new agreement in Angola shows how integrated data and workflows are shaping operational discipline at scale.
Japan is reporting its first altercation of 2026 with vessels from China operating in the disputed region around the uninhabited islands it calls Senkaku, and China is making claims to as the Diaoyu islands.