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FreightWaves 11h ago

First look: GXO Logistics Q3 revenue hits $3.6B

GXO Logistics reported a 5.7% increase in third-quarter revenue to $3.59 billion as new business wins surged 34% and its sales pipeline reached a record $3.1 billion. The post First look: GXO Logistics Q3 revenue hits $3.6B appeared first on FreightWaves.

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Hellenic Shipping News 11h ago

Hormuz Oct crossings at 3-month high despite attacks, Red Sea traffic also rises

Strait of Hormuz shipping traffic rose to its highest monthly level since July in October, supported by stronger dry-bulk and LNG movements despite a decline in VLCC traffic and mounting regional threats, S&P Global Commodities at Sea(opens in a new tab) data showed Nov. 2. The r

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Hellenic Shipping News 11h ago

Alternative fuels need infrastructure: Why gas bunker vessels matter

As shipping’s fuel landscape becomes more diverse, attention is increasingly turning to the infrastructure needed to supply alternative fuels safely, reliably, and at scale. DNV’s latest white paper explores the growing role of gas bunker vessels, technical matters to be aware of

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Hellenic Shipping News 11h ago

Panamax vessels lose out in Q3 as shifting grain trade boosts smaller bulk carriers

Panamax bulk carriers have emerged as the principal losers from changing global grain trade patterns, while smaller Supramax and Handysize vessels have benefited from the redistribution of wheat and corn shipments, according to new research from international shipbroker IFCHOR GA

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Hellenic Shipping News 11h ago

Baltic Dry Index at Over 2-Week Low

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, eased for the second straight session on Tuesday, dropping 2.2% to its lowest since October 19 at 2,590 points. All vessel segments moved lower, with the downturn particularl

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Hellenic Shipping News 11h ago

Maritime clusters urged to turn global cooperation into measurable action

Maritime clusters must turn international cooperation into practical projects that unlock investment, support innovation and strengthen the industry’s workforce, speakers told the International Association of Maritime Clusters’ (IAMC) inaugural online conference. The Building Bri

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Hellenic Shipping News 11h ago

Limpet Mines Return to the Gulf as Iran Strikes Four Tankers Near the Strait of Hormuz

Between October 29 and 30, Iran attacked at least four tankers across the Strait of Hormuz and the waters around it. The attacks ranged from projectiles to hull-mounted explosives, and they struck laden and empty vessels, Qatari- and UAE-owned tonnage, and tankers that had spent

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Hellenic Shipping News 11h ago

Chinese Penetrate South Korea’s LNG Carrier Market

Chinese shipbuilders secured approximately 40% of all newly ordered large liquefied natural gas (LNG) carriers worldwide during the first to third quarters of this year, January to September. While China leads in the general merchant ship market, such as container ships and bulk

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Hellenic Shipping News 11h ago

ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore and Malaysia Bunker fuel availability remains tight in Singapore, with delayed cargo arrivals and congestion at loading terminals continuing to constrain supply, a source said. VLSFO lead times are currently around 13-15 days. Last week, suppliers recommended lead times

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Hellenic Shipping News 11h ago

Japan Revives Shipbuilding with New LNG Dock

Japan has embarked on a full-scale revival of its shipbuilding industry. To resume the construction of liquefied natural gas (LNG) carriers, the country is establishing a new large-scale dock for the first time in 18 years, and it is reactivating halted shipbuilding lines in resp

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Hellenic Shipping News 11h ago

Ardmore Shipping Corporation Announces Improved Third Quarter Financial Results

Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2026. Highlights and Recent Activity Reported net income attributable to common stockholders of $16.3 million for the three months ended September 30, 2026, or $0.40 earnings per basi

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Hellenic Shipping News 11h ago

China Imported iron ore margin widens to 2.19 yuan/mt on firmer spot prices

The average imported iron ore margin widened from 0.04 yuan/mt to 2.19 yuan/mt in the latest period, driven mainly by an average rise in port spot prices. On the supply side, SMM shipping data showed arrivals at major Chinese ports fell 15.7% week-on-week to 23.2663 million mt in

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Hellenic Shipping News 11h ago

US corn sales to Mexico lag as domestic production recovers

The US Department of Agriculture on Nov. 2 reported private export sales of 1.135 million metric tons of corn to Mexico for delivery during the September-August 2026-27 marketing year. The sale came amid market concerns that Mexican purchasing was lagging the previous season’s pa

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FreightWaves 12h ago

Walmart in $6B Symbiotic deal to automate warehouses

Walmart is investing heavily to automate more big warehouse facilities. The post Walmart in $6B Symbiotic deal to automate warehouses appeared first on FreightWaves.

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FreightWaves 13h ago

Trucking group’s lawsuit threatens to upend federal carrier registration system

The Small Business in Transportation Coalition is challenging the legality of the federal Uniform Crime Reporting system as its operators warn that a successful lawsuit could disrupt registration fees and state motor carrier safety funding. The post Trucking group’s lawsuit threa

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FreightWaves 14h ago

Logistics Alert: Capacity SHRINKS for 11 Straight Months

The latest ISM Manufacturing PMI and LMI reports confirm what many in logistics already feel: demand is strong, but capacity is heavily constrained. Learn why transportation capacity is in contraction for the 11th straight month, pushing freight rates and diesel prices significan

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FreightWaves 14h ago

Diesel Prices Collapse, Then Rebound: What’s Driving Volatility?

The diesel market is experiencing extreme volatility, dropping sharply then rebounding on geopolitical news. With inventories critically low and refining capacity still a concern, experts warn of potential price spikes. Get the latest on heating oil demand and the factors keeping

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FreightWaves 14h ago

Why Your Trucking Insurance Costs Are Rising & How to Fight Back

Control your trucking insurance costs by focusing on risk reduction before losses occur. Peter Niro from Progressive Insurance shares critical insights on underwriting, cargo coverage nuances, and the impact of operational safety on premiums. Learn how accurate data and proactive

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FreightWaves 14h ago

Truckload Rates Explode: How Shippers Adapt to Rising Costs

The freight market is experiencing an inflationary leg in its current cycle, with spot truckload rates up over 40% year-over-year. Chris Pickett from Flock Freight breaks down what’s driving these increases, how shippers and carriers are adapting to uncertain conditions and risin

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Hellenic Shipping News 15h ago

Windward Expands into Maritime Visual Intelligence with Acquisition of Azimut.ai

Windward, the leading Maritime AI™ company, today announced the acquisition of Azimut.ai, a maritime visual intelligence company. The acquisition adds an optical sensing layer to Windward’s multi-source platform and marks the company’s first step into ground and ship-based sensor

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Hellenic Shipping News 15h ago

European gas surges as U.S. strikes Iran’s Qeshm Island

European wholesale natural gas prices surged on Tuesday, erasing much of the previous session’s steep losses after U.S. military strikes on Iran’s Qeshm Island and the breakdown of regional diplomatic talks reignited acute fears of supply disruptions through the Strait of Hormuz.

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Hellenic Shipping News 15h ago

Nearly 1bln barrels of crude drawn from inventories since Hormuz disruption: ADNOC CEO

The global energy industry must fundamentally rethink how it builds, protects and delivers secure energy, following a year of unprecedented disruption that has exposed critical vulnerabilities in international supply chains, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and

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Hellenic Shipping News 15h ago

USTR proposes further two-month extension of Section 301 suspension

On 26 October 2026, the Office of the United States Trade Representative (“USTR”) published a Federal Register notice proposing a further two-month extension of the current suspension of the Section 301 measures targeting China’s maritime, logistics and shipbuilding sectors. The

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Hellenic Shipping News 15h ago

Shipowners’ Club Issues 2027 Renewal

At the half year stage, the Club reported a Combined Ratio of 100.1%, with an underwriting deficit of US$ 0.2m, compared with 99.6% and a surplus of US$ 0.6m at the same stage of the prior year. 2026 Financial Year The number of claims from the Club’s Membership for the 2026 year

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Hellenic Shipping News 15h ago

Nordic American Tankers Ltd – Very strong market continues

Dear Shareholders and Investors, We are pleased to inform you that the very strong market for our ships continue. We enter into contracts at historically high level, which have not been seen earlier. Now the price of oil goes down. This in an advantage for Nordic American. The lo

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Hellenic Shipping News 15h ago

OOCL vessel bunkers bio-methanol in Yantian

Hong Kong-based Orient Overseas Container Line (OOCL) has bunkered one of its dual-fuel vessels with 983 mt of bio-methanol at the Chinese Port of Yantian. The fuel was delivered to the methanol-capable container ship OOCL Grace by supplier Sinobunker’s bunker vessel Daqing 268,o

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Hellenic Shipping News 15h ago

HOT PORT NEWS from GAC

HONG KONG: Victoria Harbour drone display restrictions 03 Nov 2026 / Hong Kong Hong Kong’s Marine Department has announced the following restrictions for drone displays in Victoria Harbour: READ MORE Source: GAC

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Hellenic Shipping News 15h ago

Breakwave Tanker Report 11.3.2026

VLCC Remain Strong on Low Vessel Availability, Geopolitics – The recovery in Middle Eastern crude exports has yet to restore normal Source: Breakwave Advisors

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