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29 October 2026

Aker Solutions braces for more job cuts

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Source reporting: Splash247

Aker Solutions braces for more job cuts

Norwegian offshore engineering group Aker Solutions is preparing for another round of workforce reductions as a sharp decline in activity following the completion of major oil and gas projects threatens hundreds more jobs. Chief financial officer Idar Eikrem told analysts during the company’s third-quarter results presentation that the contractor should expect further staffing adjustments as …

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Source: World Trade Organization

29 October 2026

Global Review 2026 spotlights partnerships for trade and development

"Developing economies seeking trade success need stronger partnerships with all stakeholders," WTO Director-General Ngozi Okonjo-Iweala said in her opening remarks at the 2026 Global Review on 29 October, marking 20 years of the Aid for Trade initiative. Over two days, ministers, heads of international organizations and trade and development experts will take stock of the initiative's impact, discuss evolving trade needs and explore how stronger partnerships can help developing economies, including least-developed countries (LDCs), turn trade opportunities into economic growth, jobs and better livelihoods.

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Source: World Trade Organization

29 October 2026

WTO members discuss proposals on key trade and development issues

At meetings of the WTO's Committee on Trade and Development on 26-27 October 2026, members continued discussions on proposals covering trade as an engine for economic growth and the integration of trade and investment for industrialization. A group of members introduced a new proposal on capacity building for mutual recognition of professional qualifications. Members exchanged views and shared experiences on the three proposals.

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Source: Splash247

29 October 2026

Jiahua Energy lines up $165m gas carrier at Jiangnan

Chinese chemicals group Jiahua Energy is stepping up its shipowning ambitions with plans to invest up to $165m in a 102,000 cu m liquefied hydrocarbon carrier at Jiangnan Shipyard. The Shanghai-listed company has secured board approval for the project, with Jiangnan Shipyard and China Shipbuilding Trading named as the counterparties. The vessel is scheduled for …

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Source: The Loadstar

29 October 2026

Air cargo growth masks freighter squeeze as fuel price outpaces yields

Rising airfreight yields have failed to keep pace with soaring fuel prices, squeezing freighter economics despite a sustained period of strong demand growth, according to Rotate. Speaking at TIACA’s Air Cargo Forum in Miami this week, CEO Ryan Keyrouse warned that the strength of the global market concealed sharp differences in the financial performance of individual tradelanes and flight directions. Rotate’s presentation showed fuel prices up 111% year on year in the ... The post Air cargo growth masks freighter squeeze as fuel price outpaces yields appeared first on The Loadstar .

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Source: The Loadstar

29 October 2026

Vessel operators need to prepare for compliance as UK ETS looms

Shipping operators face a new compliance burden under the UK Emissions Trading Scheme (UK ETS) – a £100 ($133) penalty for every missing allowance, adding financial pressure to a regime that will bring offshore vessels into scope from January. The requirements were outlined in a webinar hosted by Normec, which detailed the monitoring, reporting and allowance-surrender obligations facing vessel operators under the scheme. Operators of ships above 5,000 gross tonnes must monitor ... The post Vessel operators need to prepare for compliance as UK ETS looms appeared first on The Loadstar .

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Source: The Loadstar

29 October 2026

The cold chain just got weaponised – logistics is exposed

A recent cyberattack on French supermarket refrigeration showed how remote controls can cause physical losses. The warning extends to cold stores, pharmaceutical warehouses and connected reefer fleets. At four in the morning, a delivery driver at an Intermarché in Gradignan, south-west France, found the cold room flooded. Its temperature had climbed to 50°C, setting off a sprinkler. At another store in Normandy, equipment was damaged after temperatures reportedly hit 80°C.

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Source: The Loadstar

29 October 2026

Boluda to acquire Samskip: ‘a combination to lead European shortsea shipping’

Boluda Shipping is to acquire Samskip, yet another sign of consolidation in the shortsea shipping scene, the deal intended to create a network spanning Northern Europe, the Iberian Peninsula, Canary Islands and West Africa. Subject to regulatory approval, the deal is expected to complete on New Year’s Day, with the combined company’s 32 vessels offering more than 750,000 teu on 18 routes across 28 countries and 21 maritime terminals, as well ... The post Boluda to acquire Samskip: ‘a combination to lead European shortsea shipping’ appeared first on The Loadstar .

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