Record-Breaking Posidonia 2026 Delivers Deals, Dialogue and Direction for Shipping’s Future

Posidonia 2026 set a new benchmark for the global maritime industry, bringing together the world’s leading shipping stakeholders at a pivotal moment for international trade. Against a backdrop of geopolitical uncertainty, evolving decarbonisation regulations, digital transformation and mounting pressures on global supply chains, the exhibition provided a unique platform for dialogue, collaboration and deal-making.

Reflecting the significance of the event, IMO Secretary-General Arsenio Dominguez, who participated at Posidonia and addressed the opening ceremony, highlighted the exhibition’s unique role in fostering industry engagement.

“Posidonia is a shipping exhibition that has become a maritime institution,” said Dominguez. “Engagement and dialogue are the basis for the business of global shipping. Honest and open conversations and trust-building are central to negotiations at IMO, to reach consensus, built on understanding of everyone’s perspectives.”

Those conversations unfolded throughout the week across conference halls, exhibition stands and networking events, as shipowners, regulators, policymakers and technology providers examined the challenges and opportunities shaping the future of shipping. At the same time, the exhibition floor was transformed into a hub of commercial activity, with exhibitors announcing strategic partnerships, signing memoranda of understanding and unveiling major investment initiatives.

Among the landmark agreements announced during Posidonia 2026 were a series of strategic collaborations and commercial transactions that underscored the industry’s commitment to innovation, sustainability, digital transformation and industrial growth.

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Panama Canal congestion hits yearly high, prompting Jones Act waivers

Panama Canal congestion has climbed to the highest levels this year, prompting US authorities to grant multiple Jones Act waivers for domestic shipments even as the canal authority pledged to maintain full transit capacity through December despite looming maintenance and El Niño risks.

The Panama Canal Authority will conduct a dry chamber overhaul from June 9-17, reducing daily transit slots to 16 from the current operational capacity of 36-40 transits, according to shipping analysts at BIMCO.

The maintenance comes as wait times have already climbed to 3.2 days for southbound vessels and 2.3 days for northbound traffic, with average waiting periods rising 50% year over year to 47 hours, the analysts said.

“So far this year, ship transits via the Panama Canal have increased 8% year over year to a daily average of 38, driven by the tanker sector,” Filipe Gouveia, shipping analysis manager at BIMCO, said, driven by surging US energy exports to Asia and the Americas’ West Coast following the Strait of Hormuz closure.

The growing backlog has driven the US Maritime Administration to issue Jones Act waivers allowing foreign-flagged ships to transport goods between US ports, particularly to the West Coast.

In 2026 so far, 21 waivers have been granted to vessels en route from the US Gulf Coast, 11 from the West Coast and nine from the Atlantic Coast, all bound for West Coast destinations, according to MARAD.

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Achilles Survey Reveals Maritime Supply Chains Are Flying Blind as Risk Accelerates

As disruption forces shipping routes to change, many organisations are finding it harder to assess suppliers and adapt without introducing new risks

HIGHLIGHTS

Three-quarters of maritime organisations report only partial, limited or no visibility across their supply chains, while more than half expect supply chain risk to increase over the next 12–24 months

Sustainability is widely prioritised, with an average score of 7.4 out of 10

Customer demand and carbon reduction are stronger drivers than regulation

Over 75% are exploring or piloting use cases, but none report widespread deployment

Abingdon, UK – 18 May 2026 – New research from Achilles, a global leader in supply chain risk and performance management, highlights a growing disconnect in the maritime transport sector: supply chain risk is rising, but visibility across supplier networks is failing to keep pace.

The survey finds that three quarters report only partial or limited visibility across their supplier networks, while more than half expect supply chain risk to increase over the next 12 to 24 months. At the same time, most organisations report that disruption has so far been relatively contained, typically described as minor or occasional. However, a small proportion have already experienced high-impact events, with costs exceeding $10 million.

Together, this points to a sector where risk exposure is rising, but the ability to clearly assess supplier risk and adapt the supply base without increasing that exposure remains uneven.

Disruption across key shipping routes, including instability in the Red Sea and tensions around the Strait of Hormuz, has required organisations to reroute vessels, adjust schedules and, in some cases, rely on different suppliers at short notice. In these situations, teams need to quickly understand who they are working with and whether alternative suppliers can be used without introducing additional operational, compliance or financial risk.

The findings suggest that this is not always straightforward. Many organisations report only moderate confidence in their oversight of suppliers and subcontractors, particularly in higher-risk operations.

Adam Whitfield, Head of Global Compliance and ESG at Achilles, said:

“The data reflects a sector that has managed disruption relatively well to date, but is operating in a more uncertain environment. As conditions change, the ability to understand supplier risk and make adjustments without increasing exposure becomes more important.

“What we are seeing is that many organisations are still developing that level of confidence across their supply base.”

Sustainability is established, but commercially driven

Respondents report that sustainability is a significant priority, with an average score of 7.4 out of 10 and most organisations indicating they have formal strategies in place. However, in contrast to other industries, the primary drivers are customer expectations and carbon reduction goals rather than regulation. This suggests a more market-led shift, where environmental performance is increasingly linked to competitiveness and customer demand.

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Indian subcontinent ship recycling market hits rare May supply squeeze

The Indian subcontinent (especially India and Pakistan) ship recycling market has entered a rare period of inactivity, with Wirana Shipping’s latest market outlook report showing hardly any new recycling candidates circulated during the week and no vessels currently waiting to be beached in India and just one vessel waiting to be beached in Pakistan.

The report points to a market where recyclers remain ready to buy, but owners are still finding commercial reasons to keep older vessels trading. It also cautions that there may be a break in LNG tonnage that were trickling for recycling so far and it may take longer to reach the recycling market than previously expected, with steam turbine LNG carriers benefiting from current gas supply disruption, high charter rates and a shortage of available LNG vessels.

Mr Rakesh Khetan, CEO of Wirana Shipping, said: “For Indian ship recyclers, especially, it is a tough period, where recycler interest is still there, but freight earnings, second-hand values and geopolitical disruption are delaying end-of-life decisions. The market is not short of buyers but short of vessels. Steam turbine LNG vessels also remain longer-term recycling candidates, but some may find short-term employment while current disruption supports charter demand. That window could close once Middle East tensions ease.”

Wirana Shipping’s market outlook links the shortage of candidates to resilient conditions in several shipping segments. Dry bulk charter rates improved across all sizes during the week, while the container market saw firmer spot rates in some regions and continued demand for period charter and second-hand tonnage. Tanker rates softened across clean and dirty markets, but this is far from producing any meaningful flow of vessels into recycling.

At the same time, steel weakness is adding pressure in key recycling destinations. In India, local steel plate prices fell by a further USD 9 per metric tonne this week, taking the total decline to USD 23 per metric tonne over three weeks. Local scrap, imported scrap, semis and finished steel products also moved lower, while Bangladesh remains under pressure from slow finished steel demand. Pakistan remains firmer for now and Turkey has improved offers.

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Two months in: What container data tells us about the Hormuz crisis

When the Strait of Hormuz effectively closed to commercial traffic, 53 container vessels belonging to the world’s top shipping lines found themselves trapped inside the Persian Gulf. Two months on, Kpler’s Container Intelligence data paints a stark picture: 79% are still waiting.

Current situation for container vessels

Of the 53 container vessels initially caught inside when transits became untenable, only nine have successfully exited the Strait. Two of those required a second attempt before making it through. Two MSC vessels were seized by Iranian authorities—the most severe outcome of the crisis. One additional vessel sustained damage after being struck by debris.

That leaves 42 vessels, crews, cargo, and capital in a state of indefinite commercial limbo.

Carrier performance analysis

We track every major carrier’s exposure to this crisis. The data reveals significant variation in outcomes across shipping lines.

CMA CGM: Heaviest absolute exposure

CMA CGM carries the heaviest exposure in absolute terms. With 15 vessels caught inside, the French carrier has managed to extract only two. This represents a 87% entrapment rate for the world’s third-largest container line.

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Baltic Dry Index Snaps 2-Day Advance | Infinity Dynamics

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a two-day winning streak on Wednesday, falling 0.3% to 2,670 points.

The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased 0.5% to 4,283 points; and the supramax went down 0.5% to 1,534 points.

On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 0.7% to 1,979 points.

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Regional Shipping Networks Gain as Global Trade Routes Realign

Global trade disruption and realignment are transforming the Red Sea Corridor into a pivotal hub for resilient supply chains, highlighting the importance of investment in infrastructure, technology and localisation to drive long-term value creation, reveals a new impact report by Oxford Business Group (OBG) in partnership with Folk Maritime.

Titled, “Trade Shifts, the Red Sea Corridor and Local Value Creation,” the impact report examines how evolving trade routes are redefining maritime competitiveness across the Red Sea, the Arabian Gulf, East Africa, India and South-east Asia. It highlights the growing importance of infrastructure development, technology adoption and low-carbon strategies in strengthening resilience and enabling sustainable growth.

The report finds that the reconfiguration of global supply chains is accelerating investment in maritime infrastructure and regional shipping networks, while increasing demand for operational efficiency and digital integration. Governments and private operators are modernising ports, expanding capacity and enhancing connectivity, with Saudi Arabia emerging as a key hub in efforts to strengthen regional and intercontinental trade links.

It also underscores the role of emerging markets in global trade, as shifting logistics patterns create opportunities for greater participation in value-added logistics activities. Rising investment in human capital and local capabilities is supporting service quality and operational efficiency, while contributing to broader economic diversification objectives.

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The Week in Alt Fuels: Fuel reckoning | Maritime Hiring

A war-driven oil shock has once again exposed shipping’s vulnerability to fossil fuel dependence and reinforced the need to shift to low- and zero-emission bunker fuels.

The ongoing Middle East conflict and the closure of the Strait of Hormuz have roiled global oil and gas markets. The front-month ICE Brent crude futures contract topped $100/bbl earlier this week, a staggering $27/bbl rise from around $73/bbl before the war started.

For bunker buyers, the fallout has been painful.

Conventional fuel availability has tightened at major hubs like ARA and Singapore. Bunkering in Fujairah and Khor Fakkan has been thrown into uncertainty over fuel loadings.

Rallying crude prices, bunker supply squeezes and surging demand have sent bunker prices into a frenzy this month. VLSFO and HSFO benchmarks have shot up by $268–314/mt in Rotterdam and by $405–617/mt in Singapore. Singapore’s LSMGO price has surged $1,112/mt higher so far this month, pushed up by a $344/mt gain in low-sulphur gasoil futures and severely tight supply.

This fallout from the war has once again exposed shipping’s vulnerability to geopolitical shocks and conventional fuel supply disruptions.

“The Middle East crisis has clearly shown that reliance on a small number of petrostates for global trade and global energy security is potentially outdated,” Em Fenton, senior director for climate diplomacy at Opportunity Green, told ENGINE.

“Actually what we should be looking towards is a just and equitable transition to a globally decentralised energy economy that will support the shipping, or even the aviation industry, and ensure net-zero emissions. And I think that [the Middle East crisis] we’re seeing at the moment is a very good argument to invest in truly net-zero alternative fuels.

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Eurozone economy in the line of fire

 War, China and tariffs

The eurozone economy is one of the most vulnerable to the Middle East war among the major economies. Although we anticipate that rising energy prices will be a temporary phenomenon, their negative impact is undeniable. At the same time, it’s important to remember that other structural challenges, such as strong competition from China and ongoing US trade tariffs, persist. And while the European Parliament has suspended ratification of the US trade deal following the Supreme Court’s move to strike down parts of Trump’s tariff package, we see little reason to expect a meaningful easing of tariffs anytime soon.

Slowing, but not halting the recovery

For Europe, higher energy prices essentially act as a foreign tax on households and businesses. Thanks to a high savings ratio, European consumers should generally be able to absorb these increased costs. However, the risk remains that diminished confidence could prompt households to save even more, rather than less.

The manufacturing sector faces renewed difficulties, having already endured higher energy costs compared to the US and China. Despite these challenges, manufacturing entered the year with some momentum, supported by relatively low inventory levels. Additionally, Germany’s fiscal stimulus is expected to gradually bolster the economy. As a result, we believe the current crisis will temporarily slow the recovery but not halt it altogether. We are forecasting weaker growth in the first half of the year, followed by a rebound in the second half, culminating in 1.1% GDP growth for 2026, after 1.5% in 2025.

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Diesel, jet fuel cash premiums gain amid upbeat window activity

Asia’s diesel markets softened, with the backwardation structure easing slightly as well, though spot activity on the trading window still increased pace and cash premiums rebounded.

The east-west price spreads widened back to discounts of $55 per metric ton, with markets still expecting swing suppliers to pivot their cargoes west.

At the market’s close, refining margins gained slightly to $27.8 a barrel.

Deals on the window resurfaced for the first time since November 11.

The 10ppm sulphur gasoil cash differentials rebounded to nearly $2.85 a barrel, reflecting firmer discussion levels.

Jet fuel markets remained robust, with cash premiums at three-year highs and paper markets extending gains from last Friday — with draws from the West buoying overall trading sentiment.

Regrade stayed supported at premiums of 20-30 cents per barrel.

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Asia Fuel Oil: Market structure softens; regional supply stays ample

The market structure for fuel oil softened in Asia on Tuesday, with prompt intermonth spreads for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO) slipping into a wider contango.

The contango implies that prompt supply remained available amid high inventories. Meanwhile, spot differentials held in discounts amid more incoming supply.

In the HSFO market, Thailand’s PTT offered three cargoes of 380-cst HSFO for loading in November, higher than the usual one to two cargoes. The tender closed on Tuesday, according to market sources.

Meanwhile, the VLSFO market remained pressured by an already well-supplied market, with two residue cargoes slated to load from Malaysia’s Pengerang. The cargoes usually end up in the VLSFO blending pool.

Cracks were range-bound, with November VLSFO crack still holding above a premium of $6 a barrel, while 380-cst HSFO crack closed at a discount of about $3.75 a barrel, data compiled by LSEG showed.

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RightShip Welcomes Permira as Minority Shareholder to Accelerate Technology and AI-Led Growth

RightShip (the “Company”), a leading maritime digital platform for safety, sustainability, and supply chain due diligence, today announced a new minority investor to accelerate the Company’s technology-led growth and mission of zero harm. Funds advised by Permira, the global investment firm, have agreed to acquire a strategic minority stake in the Company. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes.

Steen Lund, Chief Executive Officer of RightShip, said: “This investment is a strong endorsement of our strategy and impact. With Permira’s global scale and expertise in technology and M&A and the continued support of our founding shareholders, we will accelerate investment in our products, data, AI, and people to grow RightShip’s relevance and reach – enhancing our mission of zero harm to people and the planet.”

Daniel Tan, Partner at Permira, commented: “RightShip plays a critical role in improving safety and transparency in the maritime industry. The Company’s services and data offerings come together on its AI-powered platform to bring deeper insights, better decision making, and workflow automation to key stakeholders. Innovation thrives at RightShip – as product-first growth investors, we are delighted to partner with management and existing shareholders on this exciting journey.”

Representatives of BHP, Cargill and Rio Tinto said in a joint statement: “As founding shareholders, we are pleased to welcome Permira and reaffirm our long-term commitment to RightShip. The combination of fresh capital and complementary capabilities, with Permira as part of the shareholder group, positions RightShip to deliver even greater safety, sustainability, and efficiency solutions for the maritime ecosystem.”

Rothschild & Co acted on behalf of RightShip and its shareholders as financial advisor. The transaction is subject to customary regulatory approvals to be obtained in coming months.

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85% private participation in key ports by 2030: Sarbananda Sonowal

The government has identified 50 public-private partnerships (PPP) projects worth over ₹60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.

The government also aims to raise the share of private participation in major ports to 85 per cent by 2030, he said in his keynote address at the event.

Among upcoming projects, the greenfield port at Vadhavan in Maharashtra will be India’s largest by capacity, with an investment of ₹76,000 crore. It will be developed in phases, to be completed in 2029 and 2037. The Nicobar port project, with a cost of ₹48,000 crore, is expected to be completed over the next decade.

Greenfield port at Vadhavan in Maharashtra with an investment of ₹76,000 crore will be India’s biggest port by capacity when operational, with phases that will be completed in 2029 and 2037. The Nicobar port, costing ₹48,000 crore, will be completed in 10 years.

Sonowal said alternative trade corridors such as the India-Middle East-Europe Corridor (IMEC) and the International North-South Transport Corridor (INSTC) are also being developed to mitigate geopolitical uncertainties.

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Baltic Index Falls To One-Month Low As Larger Vessel Rates Dip

The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to a one-month low on Wednesday, as rates declined across capesize and panamax vessel segments.

The main index slipped to its lowest point since June 3, easing 15 points, or 1%, to 1,443 points.

The capesize index dropped 53 points, or 2.6%, to 1,958 points, an over one-month low.

Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $435 to $16,242.

Iron ore futures climbed across all benchmarks as shipments from top exporters Australia and Brazil dropped, while an increase in hot metal output buoyed investor sentiment.

The panamax index slipped 8 points, or 0.5%, to 1,492 points.

Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, was down by $74 to $13,424.

Among smaller vessels, the supramax index gained 13 points to 1,031 points.

Allied Shipbroking in a note on Tuesday said “the U.S. Gulf market softened under growing prompt supply and sluggish demand, while the South Atlantic remained steady with limited fixing.”

“The Pacific proved more encouraging as Indonesian and NoPac demand lifted sentiment and allowed owners to resist charterers’ attempts to trim rates.”

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Baltic index down on lower capesize rates

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell on Monday, ending a two-session winning streak, as softer capesize rates weighed on the market.

The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 41 points, or 3%, to 1,347.

The capesize index lost 130 points, or 6%, to 1,888.

Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, fell $1,080 to $15,656.

Iron ore futures fell on Monday, pressured by weaker-than-expected economic data from top consumer China and uncertain near-term demand for the steelmaking material.

The panamax index inched up 3 points, or 0.2%, to 1,293.

Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, gained $27 to $11,635.

Among smaller vessels, the supramax index was up 2 points at 980.

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Black Sea may hold back world wheat supplies into 2026

The global wheat market narrative has recently shifted, though it’s easy to have missed it.

Exportable world wheat supplies in 2024-2025 are no longer expected to fall to multiyear lows, a perhaps predictable outcome based on recent patterns.

But the relief could be temporary. Meager possibility for the upcoming wheat harvests in Russia and Ukraine, which account for about 30% of global wheat exports, means that the thinning supply story could reemerge for 2025-2026, and potentially for real this time.

Two months ago, US Department of Agriculture (USDA) projections showed 2024-2025 global wheat stocks-to-use (SU) among major exporting countries at a 17-year low of 14.56%.

But this month’s updates put that figure at 15.89%, the second highest of the last six years.

This largely owes to the slashing of Chinese wheat import estimates over the last three months.

Late last decade, global wheat SU among major exporters averaged above 18%, so the 2024-2025 target is still below the longer-term mean.

However, world wheat SU has been pegged by USDA to reach decade-plus lows each year for at least three years now, only to creep upward as the marketing years progress.

As it stands, the 2020-2021 SU of 14.74% remains the lowest since 2007-2008, so this is the benchmark to keep in mind heading into 2025-2026.

USDA’s Kyiv attache last week pegged the 2025-2026 Ukrainian wheat harvest at 17.9 million tonnes, a 13-year low and down 23% on the year. Soils were extremely dry during the planting period and profitability is poor, cutting sown area.

Russian agencies currently predict the 2025-2026 harvest between 79.7 million and 82.5 million tonnes, the latter of which is similar to a year ago.

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China pushes for tariff cancellation to end US trade war | Shore Jobs In Shipping

China called for all “unilateral” U.S. tariffs to be cancelled on Thursday, as signs emerged that the Trump administration may de-escalate its trade war with Beijing.

China also clarified it has not held trade talks with Washington despite repeated comments from the U.S. government suggesting there had been engagement.

U.S. President Donald Trump has repeatedly said that the U.S. will have a deal with China and on Wednesday said there was “direct contact” between both countries. Trump, who calls his tariffs “reciprocal” , says the duties aim to correct unfair trade imbalances with the U.S.

The U.S. should remove all “unilateral tariff measures” against China “if it truly wanted” to solve the trade issue, Commerce Ministry spokesperson He Yadong said on Thursday.

“The person who tied the bell must untie it,” he told reporters at a regular press conference.

The Trump administration would look at lowering tariffs on imported Chinese goods from their current level of 145% to possibly between 50% and 65%, pending talks with Beijing, Reuters reported on Wednesday, citing a source familiar with the matter.

China’s He also urged the U.S. to pay attention to the “rational voices” of the international community and domestic parties.

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Gasoline traders shift exports to West Africa amid US tariff threats

Threats of further tariffs from the US and an ongoing arbitrage to West Africa have led to an unseasonal shift in European gasoline export flows.

Typically the summer driving season sees increased flows from Europe to the US Atlantic Coast amid an uptick in summer driving demand. At the same time, specification differences between Europe and WAF which exist in the summer disappear in the winter, typically resulting in fewer volumes fixed to Nigeria.

The threat of tariffs and changes in Nigeria’s refining landscape have seen this trend flip in 2025. Large volumes are presently set to arrive in West Africa’s Offshore Lome hub, while the USAC has been demanding more limited flows amid demand-side fears and tariff threats.

According to ship-tracking data from S&P Global Commodities at Sea, 4 million mt of gasoline are projected to be delivered into West Africa from all locations over the 30-day period to April 27, a high not seen in over two years.

This compares with 1.6 million mt to the USAC over the same period, reaching an 11-month high but well within normal seasonal trends.

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China’s March Iranian oil imports surge on US sanctions fears | Rig Jobs

China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said.

China’s oil imports from Iran surpassed 1.8 million barrels per day last month, an all-time high, coinciding with a rise in inventory levels in independent refining hub Shandong province, according to data by ship tracking firm Vortexa.

Data from analytics firm Kpler put China’s Iranian oil imports at 1.37 million bpd in March, up 83% from 747,000 bpd in February and a five-month high, while two traders who track Iranian flows into China estimated March imports at 1.67 million bpd and 1.8 million bpd, respectively.

China, which opposes unilateral sanctions, buys some 90% of Iran’s oil exports, which are mostly trans-shipped in waters off Malaysia and Singapore and rebranded as Malaysian, a trade that has been boosted as more vessels drawn by high fees replaced those under U.S. sanctions, traders and analysts have said.

Iranian oil accounted for 13% of China’s March crude imports, Kpler data showed.

Vortexa senior analyst Emma Li and a China-based refining source attributed the rush to buy Iranian barrels to worries among traders and refiners of further supply disruptions.

Overall onshore inventories in Shandong province rose by 22 million barrels in March from February, an amount matching the increased Iranian arrivals, according to Vortexa.

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Long Beach Port Unveils 10-Year Capital Improvement Program

Over the next decade, the Port of Long Beach plans to invest more than $3.2 billion in capital projects that drive efficiency and make cargo operations more sustainable. The 10-year program calls for improvements to rail, terminals, roadways, waterways, and safety and security. Also included are infrastructure projects that support the use of zero-emissions equipment.

More than $1.28 billion, about 40% of the total, is expected to go toward the Pier B On-Dock Rail Support Facility. The facility is the centerpiece of all the improvements the Port has made to its rail network to date, and its goods movement and environmental benefits will reach across the San Pedro Bay ports complex and beyond. Construction began in 2024 and is due to be completed in 2032.

More than $700 million, about 22% of the total, is anticipated for sewer, street, water and stormwater projects. Improvements to waterfront infrastructure are expected to total more than $476 million, about 15% of the overall program. While sustainability is a core element of all capital projects, the Port plans to spend more than $220 million on specific ZE infrastructure projects that support its goal of transitioning all cargo handling equipment to ZE models by 2030.

The spending plan covers fiscal years 2026 through 2035. All infrastructure projects are subject to approval by the Long Beach Board of Harbor Commissioners.

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