
Saudi Arabia in talks to formalise Hormuz shuttle services
Saudi Arabia is negotiating long-term contracts to load oil outside the Strait of Hormuz, aiming to formalise shuttle tanker operations by year-end amid severe regional shipping disruptions.
Every Logistics story tagged Technology.

Saudi Arabia is negotiating long-term contracts to load oil outside the Strait of Hormuz, aiming to formalise shuttle tanker operations by year-end amid severe regional shipping disruptions.

Kuwait's oil output has recovered to about 2 million barrels per day, 75% of pre-war levels.

Pacific International Lines appoints Wan Chee Foong as Deputy CEO from October 2026, with a planned transition to CEO in April 2027.

Industry and lawmakers warn that ambitious legislation to rebuild America's shipping fleet cannot succeed without stronger commercial cargo demand.

Maersk plans to install a 35-meter rotor sail on an 8,700-TEU containership for Atlantic service testing starting in 2027.

APM Terminals Suape has started commercial operations in Brazil following the first vessel call by the Maersk Ganges.

The secondhand tanker market is setting records, with a 15-year-old VLCC selling for $115 million. High demand for prompt vessels and long-haul trade shifts are driving premiums over newbuild prices.

Dan Morgan-Evans of Air Charter Service says expert knowledge and managing customer expectations on cost are key for airfreight brokers.

DynaLiners reports 20 new containership deliveries totaling 153,000 TEU in August 2026, led by CMA CGM and ONE.

Royal Wagenborg has selected De Boer Marine for a multiyear digital upgrade covering around 160 general cargo vessels.

UPS announced a new global operating model and leadership structure, concretely shifting focus from low-margin parcel delivery to high-value integrated logistics.