Ocean Freight

Global GDP growth is projected to be resilient, but trade risks and supply chain pressures are intensifying.

The HyShip project is utilizing SeaShuttle container vessels to demonstrate zero-emission short-sea shipping between Oslo and Rotterdam.

Tanker availability has tightened dramatically, driving freight rates up, with some VLCC employment reportedly exceeding USD 1 million…

The Drewry World Container Index (WCI) experienced a 1% drop last week, signaling a minor dip in global container rates.

Chinese owners have reportedly acquired the Capesize bulk carrier "Highland," a 2006-built vessel.

MACN has expanded its membership to include classification societies, with ABS, DNV, and RINA joining to enhance maritime integrity

The global clean petroleum product (CPP) tanker market remains strong, influenced by dynamics in the crude oil sector

India will continue to honor its overseas commitments for petroleum product exports, including diesel, despite global supply concerns.

The VHBS New ConTex Index shows stable container ship charter rates despite global uncertainties, indicating consistent demand

Nigerian shipowners are calling on major cargo owners like Dangote Group to support domestic fleet development through long-term contracts

Hai Phong is developing a skilled maritime workforce to support Vietnam's national maritime growth strategy and strengthen its marine…

European and British wholesale gas futures tumbled as energy traders took profits and LNG carriers adapted to Middle East routes

Natural gas inventories rose by 53 billion cubic feet, exceeding forecasts and potentially impacting energy markets.

Bangladesh's Shipping Minister acknowledged the country's underutilized maritime potential, committing to future development.

CMA CGM Group and Foundation announce six winners of their third annual Startup Awards, recognizing innovation in logistics.

A direct river-sea container shipping route has been launched between Nanning, China, and Can Tho, Vietnam, boosting trade.

A new Damen-built TSHD 1000 dredger has been launched in Vietnam for New Zealand's Port Otago and Napier Port.

China's steel industry slowdown, driven by weak construction, is set to reduce iron ore demand and dry bulk shipping volumes

Canadian oil producers are reducing reliance on the US, especially California, for exports due to ongoing trade tensions.

New port fees on Chinese-built ships are likely delayed until January after trade groups warned of increased shipping costs

The Vincent Thomas Bridge closure in Los Angeles on November 1 is expected to worsen already high container dwell times.

Russian forces conducted drone strikes against Ukrainian defense facilities, logistics centers, and military vessels overnight

Saudi Arabian crude loadings at Ras Tanura and Juaymah surged after the East-West Pipeline disruption, with 12 million barrels loaded

The inaugural sea shipment of premium Malaysian durian to Dalian, China, demonstrated successful quality preservation over 12 days

The Baltic Dry Index (BDI) recorded a slight increase to 3,426 points during Week 39, reflecting minor market shifts

New orders for US-manufactured durable goods were unexpectedly flat in August, with transport equipment orders declining.

Two Iranian-linked oil supertankers, interdicted by US naval forces, are approaching the United States for seizure.

A MAIB report determined a line-hauling hatch failure in heavy seas caused the Argos Georgia fishing vessel to sink.

SAAM Towage is expanding its fleet with five new tugboats in 2026 to boost port operational efficiency

Canada is developing an offshore wind port, attracting investment as US projects face delays and political hurdles.