
Shipowner Accused of Abandoning Seafarers in Las Palmas Over Unpaid Wages
A shipowner reportedly abandoned seafarers in Las Palmas, owing them $68,000 in unpaid wages, according to the ITF.
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A shipowner reportedly abandoned seafarers in Las Palmas, owing them $68,000 in unpaid wages, according to the ITF.
Greek shipowners are significantly increasing newbuild orders for dry bulk vessels, expanding the orderbook in early 2026
Atlantic Panamax dry bulk rates saw a 65% increase in Q2 2026, reaching $18,933/day, driven by South American grain demand
Global shipping finance portfolios are showing a modest increase, with top banks' lending reaching US$300.6 billion in 2025
The Baltic Dry Index rose to a one-month high, driven by a 2% increase in capesize vessel rates.
Maritime piracy incidents fell to their lowest point since 1992 in the first half of 2026, though risk remains.
IMO Secretary-General provided an update to the IMO Council regarding the Strait of Hormuz, focusing on security, seafarer safety, and…
Ferry operators in Northern Europe are adopting hybrid scrubbers due to OSPAR regulations and economic advantages
Shipping traffic in the Strait of Hormuz held steady after recent tanker attacks, with the IMO urging caution
OFAC has replaced General License X with General License X1, effective July 7, 2026, restricting activities.
KPI OceanConnect reported substantial financial growth for 2025/2026, with revenue reaching USD 6.2 billion and EBT up 21%

Volkswagen plans to reduce its vehicle model lineup by as much as 50% after a key supervisory board meeting.
The EPA has proposed relaxing emission standards for new heavy-duty trucks, including buses and semis.

Pakistan has started constructing its first containership in decades, signaling a revival of its shipbuilding sector

A Texas jury awarded $104 million in a wrongful death verdict against Mesilla Valley Transportation, citing driver fatigue

A jury awarded $104 million in a wrongful death verdict against Mesilla Valley Transportation, citing driver fatigue and safety policy…
Stolt-Nielsen Limited reported Q2 2026 unaudited results, showing a net profit of $51.7 million and revenues of $750.3 million

FedEx has launched a new life sciences division, building on its healthcare logistics infrastructure to provide more end-to-end services

The ILWU clerical unit has organized SSA Marine workers in Utah, signaling a strategic expansion to inland logistics offices

Truckstop.com launched a new voice-native assistant to help freight carriers manage operations on the road

Logistics provider Quantix has appointed Nate Gesse as CEO after successfully completing its financial restructuring.
Port Deendayal (Kandla) has updated its berthing policy for liquid cargo, while Hong Kong's Victoria Harbour will have a restricted area.
Kongsberg Maritime secured a long-term service agreement with KOTUG International for five new offshore support tugs
Second-hand bulker sales have decreased as the summer holiday period approaches its midpoint, reflecting a seasonal market shift
Mid-age Supramax bulker values dipped, older tonnage firmed, and tanker values showed mixed trends.
Hanwha Ocean has chosen TMC Compressors to provide marine compressed air systems for two LNG carriers being built for a Greek owner

The St. Lawrence Seaway saw general cargo volumes fall in 2025, offset by rising bulk cargo to maintain overall tonnage.

Oil tanker traffic through the Strait of Hormuz has almost stopped due to increased shipping risks after US airstrikes and Iranian…
Intermodal provider STG has exited bankruptcy, bolstered by new capital as the freight market begins to rebound.

Progressive has ended new enrollments in its commercial trucking dashcam program with Motive, effective July 1, 2026.
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