AD Ports Group Delivers 41% YoY Net Profit Growth to AED 653 Million in Q1 2026; Best Quarterly Profits on Record
AD Ports Group Delivers 41% YoY Net Profit Growth to AED 653 Million in Q1 2026; Best Quarterly Profits on Record
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Port News
13/05/2026
AD Ports Group, a leading global enabler of integrated trade, industry, and logistics solutions, today reported strong revenue and net profit performance in the first quarter of 2026, demonstrating the resilience of its diversified and integrated trade ecosystem amidst the challenging and complex geopolitical and macroeconomic backdrop.
From a service offering and geographic perspective, AD Ports Group’s diversified operations, and vertically integrated business model based on long-term partnerships and contracts, focused strategy, and operational flexibility, have proven once again to be effective in turning risks into differentiated opportunities. Throughout the obvious challenges posed by the geopolitical situation in the Arabian Gulf, the Group has been able to maintain uninterrupted services, operating normally with precautionary business contin
Port Powers Green Truck Corridor Connecting Key Trade Hubs
Port Powers Green Truck Corridor Connecting Key Trade Hubs
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Port News
13/05/2026
The Port of Long Beach, The Wonderful Company and Lincoln Transportation Services Monday signed a memorandum of understanding supporting development of the world’s first port-powered Green Truck Corridor connecting Long Beach with the Central Valley to improve air quality and reduce greenhouse gases on one of the nation’s busiest truck routes for global trade.
Port CEO Dr. Noel Hacegaba joined Jose Cardenas, CEO of Lincoln Transportation Services, and Joe Vargas, President of Wonderful Real Estate Development, to officially sign the MOU establishing a Green Truck Corridor that connects the heart of the nation’s agriculture production to its largest port complex and unites two major economic engines – the Port of Long Beach, which moves more than $300 billion of goods annually, and the $40 billion agriculture industry in California’s Central Valley.
“By launching the world’s first port-powered Green Truck
Canadian wheat rises to its highest price since June 2025 tracking futures rally
Canadian wheat rises to its highest price since June 2025 tracking futures rally
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Commodity News
13/05/2026
Canadian wheat prices surged May 12 to their highest price since last June as US wheat futures rallied sharply following a bearish World Agricultural Demand Estimates supply outlook.
Platts, part of S&P Global Energy, assessed Canada Western Red Spring Wheat 13.5% FOB Vancouver 30-45 days forward at $289.54/metric ton May 12, up $10.10 day over day, its highest level in 2026 and the highest price since June 2025.
The price breakthrough came after the US Department of Agriculture’s May WASDE report showed low US wheat ending stocks and production estimates, while deteriorating crop conditions added support to the rally.
The MIAX hard red spring wheat futures settled 37.50 cents higher for both the May and July contracts to 715.25 cents/bushel and 724 cents/bu, respectively. The rally began in the morning, with the market opening 8-10 cents/bu higher than the previous close after
Russian cargo ship sunk off Spain carried nuclear reactors for North Korea, probe reveals
Russian cargo ship sunk off Spain carried nuclear reactors for North Korea, probe reveals
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International Shipping News
13/05/2026
Spanish investigators have discovered that the Russian cargo ship that sank in the Mediterranean in 2024 — originally believed to be part of a weapons retrieval mission to Syria — was secretly carrying nuclear reactor components bound for North Korea.
A Russian cargo ship that sank in the Mediterranean Sea between Spain and Algeria in December 2024 following explosions in its engine room was carrying components for two submarine nuclear reactors likely destined for North Korea, an investigation has revealed.
The Ursa Major sank on 23 December with 16 crew members on board. Fourteen were rescued and brought to Spain, while two crew members — second engineer Nikitin and engineer Yakovlev — remain missing and are presumed dead.
Spanish investigators now believe the vessel may have been deliberately sunk by a Western military using a rare supercavitating torpe
Taiwan-flagged ships rank fifth in region for port inspections
Taiwan-flagged ships rank fifth in region for port inspections
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International Shipping News
13/05/2026
Ships registered under the Republic of China flag ranked a record fifth among 66 flag states inspected in the Asia-Pacific region last year, with zero detentions recorded for the second consecutive year, the Ministry of Transportation and Communications’ Maritime and Port Bureau said yesterday.
The ranking was published in an annual report released on May 1 by regional port state control organization Tokyo MOU, which placed Taiwan on its High Performance List, behind only China, Hong Kong, Singapore and South Korea.
The rankings were based on the number of port state inspections conducted and the detention rate of ships registered under each flag, the bureau said.
Under Tokyo MOU standards, a ship can be detained if the condition of a vessel or its crew does not substantially comply with applicable international conventions.
Meanwhile, Taiwan-based CR Classification Society, which p
YES Forum: From Regional Schools to Posidonia – Investing in the New Generation of Shipping
YES Forum: From Regional Schools to Posidonia – Investing in the New Generation of Shipping
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Hellenic Shipping News
13/05/2026
YES Forum continues its mission of bringing shipping closer to the younger generation through dynamic initiatives implemented across Greece as part of the YES TOUR TO SCHOOLS initiative. From Pyrgos in Ilia, Neapoli in Laconia and Karpenisi, to Thessaloniki and Hydra, and from Alexandroupoli, Orestiada, Didymoteicho and Komotini, to Chios, Oinousses, Psara and Fournoi islands, as well as Kavala, Xanthi, Patras, Rethymno, Chania and Heraklion, thousands of students and university attendees had the opportunity to discover the world of shipping through interactive presentations and direct engagement with industry professionals.
A particularly important milestone has been the integration of the YES Forum Shipping Course into the Skills Workshops curriculum for 6th Grade Primary School and 3rd Grade Junior High School students. The response from both students and
Corvus Energy and BYD Energy Storage strengthen partnership with Strategic Cooperation Agreement to Advance Next‑Generation Maritime Battery Technology
Corvus Energy and BYD Energy Storage strengthen partnership with Strategic Cooperation Agreement to Advance Next‑Generation Maritime Battery Technology
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International Shipping News
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Shipping: Emission Possible
13/05/2026
Corvus Energy AS, the global leader in zero‑emission maritime energy solutions, and BYD Energy Storage, a global leader in the energy storage sector, today signed a Strategic Cooperation Agreement (SCA) that marks a major milestone in the companies’ collaboration.
The new agreement builds on a Memorandum of Understanding (MoU) signed in December 2025, which created a long‑term framework for cooperation on next‑generation marine battery technologies. The SCA formalizes the next phase of this partnership and sets the foundation for the co‑development of next generation marine battery solutions
Advancing Maritime Battery Technology with Next‑Generation LFP
With BYD Energy Storage as one of the world’s largest battery cell manufacturers and Corvus Energy as the leading
An answer to many questions
An answer to many questions
gCaptain
Total Views: 0
May 13, 2026
The Damen
Fuel Flexible Tugs
range is prepared for the future –
whatever it may hold
The numerous new regulations facing the industry in recent years leave no room for doubt – the maritime energy transition is underway.
To offer just one example of many, in 2024, the EU Emissions Trading System (ETS) was further rolled out to incorporate maritime transportation. True, it’s currently only applicable to vessels over 5,000 gross tonnes. This is unlikely to remain the case for long, however.
MEPC84 – Approval for a New Emission Control Area
MEPC84 – Approval for a New Emission Control Area
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International Shipping News
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Shipping: Emission Possible
14/05/2026
The recent International Maritime Organisation’s (IMO), Maritime Environmental Protection Committee (MEPC) meeting in London, had its main focus on setting binding greenhouse gas emission reduction targets for the global shipping sector. In keeping with the Committee’s continuing drive to decarbonise shipping and reduce the pollutant emissions from the global fleet, one major outcome from the MEPC-84 meeting was the approval of a new emission control area (ECA) covering the North East Atlantic Ocean, with agreements reached on adopted amendments to MARPOL Annex VI.
This new ECA, which will become the world’s largest emission control area, will be implemented on 1st September 2027, with the ECA requirements taking effect on 1st September 2028. It will cover the territorial seas and exclusive economic zones of Greenland, Iceland, the Faroe Islands, Ireland, the United
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
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International Shipping News
14/05/2026
Northwest Europe
Availability of all bunker fuel grades is stable in the ARA hub, with buyers advised to book around 4-5 days ahead to get good coverage from suppliers, a trader said.
The ARA’s independently held fuel oil stocks have averaged 4% lower in May so far than in April, according to Insights Global data. The region’s independent gasoil inventories – which include diesel and heating oil – have averaged 7% lower this month. Gasoil stocks are at their lowest since December 2023.
In Germany’s Hamburg, suppliers require around five days of lead time to arrange deliveries of any fuel grade, a trader told ENGINE.
Off Denmark’s Skaw and in Sweden’s Gothenburg, buyers require around 10 days of notice for delivery of any fuel grade, according to a trader.
Mediterranean
Bunker availability is tight for prompt delivery dates in the Gibraltar Strait ports, a trader said.