Ocean Freight — September 8, 2026

Port infrastructure development in Peru and long-term bulk contracts highlight strategic investments in maritime logistics. — Peru's Cor 00edo Port Terminal master plan approval signals new infrastructure development in Southern Peru, potentially impacting Pacific trade lanes. · HMM's $3.5 billion, 25-year contract with Vale for iron ore shipping secures long-term cargo volumes for eight new Newcastlemax vessels. · Terberg's renewed distribution agreement with Paterson Simons ensures continued access to terminal tractor equipment in West and Central Africa. · TMEIC's E-Tanker offers mobile charging for electric RTGs, supporting greener port operations and equipment flexibility.