#fleet-expansion
(19 articles)Zhonggu Logistics Raises $443M for Boxship Fleet Expansion
Zhonggu Logistics, a Chinese shipping operator, is pursuing a $443 million convertible bond issuance to fund the expansion of its boxship fleet. This capital raise reflects ongoing consolidation in th
Asia and Africa Absorb 50% of New Global Container Capacity
The global containership fleet expanded by 1.84 million TEU in the past 12 months, representing a 5.7% increase and bringing total capacity to 33.9 million TEU. Significantly, more than half of this n
Atlas Air Expands Freighter Capacity via Air Atlanta Partnership
Atlas Air has announced a strategic minority investment in Icelandic carrier Air Atlanta, acquiring 49% ownership and purchasing the company's 14 owned widebody aircraft through its leasing subsidiary
Jumbo Maritime Orders 2 L-Class Vessels for Fleet Expansion
Jumbo Maritime, a leading Dutch heavy-lift and project cargo specialist, has ordered two L-Class vessels to bolster its fleet capacity. This procurement decision reflects growing confidence in demand
Cathay Pacific, Air China Cargo Expand A350 Freighter Orders
Cathay Pacific and Air China Cargo have announced significant order expansions for the Airbus A350 freighter, with Cathay exercising options for 2 additional aircraft (8 total) and Air China Cargo com
Qantas A350 Delivery Pushed to 2027 Over Supply Chain Issues
Qantas has announced a significant slip in its first Airbus A350-1000ULR delivery, now targeted for April 2027 instead of earlier timelines. This delay stems from broader supply chain disruptions impa
U-Ming Approves Eight New Bulk Carriers for Fleet Expansion
U-Ming Marine Transport Corporation has received approval to add eight new bulk carriers to its fleet as part of a strategic dual growth initiative. This expansion represents a significant capital inv
Bernhard Schulte Deploys First LCO₂ Carrier in China
Bernhard Schulte, a major international shipping company, has christened its first liquefied carbon dioxide (LCO₂) carrier in China, marking a strategic expansion into specialized bulk shipping for in
Grindrod Shipping Fleet Expansion Signals Logistics Growth
Grindrod Shipping has announced a fleet expansion initiative that restores investor focus on its logistics operations and shipping capacity. The South African carrier is strategically growing its oper
ADNOC L&S Expands LNG Fleet to Six Carriers
ADNOC Logistics & Services (ADNOC L&S), a subsidiary of Abu Dhabi National Oil Company, has added a sixth liquefied natural gas (LNG) carrier to its dedicated fleet. This expansion represents a measur
Kodiak AI Scales to 28 Driverless Trucks with 74% Q1 Growth
Kodiak AI has achieved a significant milestone in autonomous trucking deployment, expanding its fleet to 28 driverless trucks while reporting 74% quarter-over-quarter revenue growth to $1.8 million in
FedEx Returns MD-11F Freighters to Active Service
FedEx has returned MD-11F freighter aircraft to active service, signaling a strategic capacity expansion in response to sustained demand for air cargo operations. The MD-11F is a wide-body, long-range
OOCL Orders 12 LNG Dual-Fuel Box Ships Worth $2.2B
OOCL, a subsidiary of state-controlled Cosco Shipping Lines, has announced a substantial fleet modernization initiative by ordering twelve 13,600 teu LNG dual-fuelled container vessels from Chinese sh
Chinese Maritime Transport Orders Two Newcastlemax Bulk Carriers
Chinese Maritime Transport has placed orders for two newcastlemax bulk carriers, representing a strategic expansion of its dry bulk transport capacity. Newcastlemax vessels are among the largest bulk
India's SCI Bids $360M for New Container Ships Amid Regional Disruption
The Shipping Corporation of India (SCI), the nation's sole long-haul container operator, has issued a $360 million tender to procure new containerships as it attempts to recapture market share lost to
Transpac Ocean Rates Drop as Carrier Fleet Expands
Transpacific ocean freight rates are experiencing downward pressure in early 2026, driven by a structural imbalance between growing carrier capacity and demand growth. The expansion of the global cont
When to Add a Truck: Rates Up but Freight Demand Uncertain
The trucking market is experiencing a counterintuitive recovery: spot rates have climbed to $3.09 per mile—nearly a dollar above recession lows—yet freight volume is declining week-over-week. This app
COSCO Completes 16,000 TEU Methanol Fleet Series
COSCO SHIPPING has completed its series of 16,000 TEU methanol-fueled container vessels with the official naming of COSCO SHIPPING LILY. This milestone reflects the Chinese carrier's strategic investm
TFI's TA Dedicated Acquires Triangle Warehouse for Midwest Expansion
TFI International's TA Dedicated subsidiary has acquired Triangle Warehouse, a Minneapolis-based provider of food-grade temperature-controlled warehousing and distribution services. The acquisition ad