Ocean Freight

India's ship recycling sector is strengthening due to rising steel demand, while Bangladesh faces market and financing pressures

A deal to reopen the Strait of Hormuz is reportedly close, with key factors for global shipping to monitor.

The Baltic Dry Index (BDI) saw a marginal decline after hitting its highest point in nine weeks.

Strong westbound booking demand from India to Europe has led to container services being sold out through early September.

The White House extended a Jones Act waiver for 90 days, allowing foreign ships to transport goods between U.S. ports

ACFS Port Logistics, Australia's largest port drayage operator, has entered administration but expects no operational impact

The US government is investing $2 billion to fortify critical minerals supply chains, aiming to boost domestic resilience

Oil prices rose 3% following Iran's demand for US sanctions relief and reparations to reopen the Strait of Hormuz

OPEC's oil output increased in July as Gulf states resumed supplies after the Iran war and Strait of Hormuz closure.

MSC's terminal division has withdrawn its request for regulatory approval to acquire a 50% stake in Barcelona's TERCAT terminal

Supertanker earnings on a critical Middle East route have surged to nearly $500,000 daily due to Persian Gulf tensions

A shadow fleet tanker captain received a 10-month federal prison sentence for evading the U.S. Coast Guard during a pursuit.

COSCO Shipping has delivered 17 RTG cranes to Walvis Bay, Namibia, boosting the port's container handling capabilities

Boskalis tugs completed a transatlantic tow of an FPSO from Brazil to Denmark, demonstrating specialized heavy-lift capabilities

MSC introduces new surcharges for rail, truck, and rail-truck services due to Rhine low water levels affecting inland logistics

An oil spill from the sanctioned tanker Caroline Bezengi, carrying Russian crude, has spread off the Oman coast

Hamworthy, a British marine water and waste specialist, is relaunching with a focus on environmental solutions for modern shipping.

The Port of Virginia has launched a new direct intermodal rail service to Indianapolis, bypassing Chicago.

US container imports saw a 4.5% increase in July, hitting 2.51 million TEU, though peak season activity is moderating

Capri Holdings, owner of Michael Kors, faces inventory delays from port congestion, prompting a shift to air freight and faster vessels

Global container throughput exceeded one billion TEUs in 2025, driven by rapid growth at smaller ports.

ITLOS has ordered Equatorial Guinea to pay over €14 million in damages, marking its largest penalty ever

Global diesel supplies are expected to tighten considerably as winter nears, driven by Strait of Hormuz disruptions and refinery damage.

Iron ore futures declined slightly, with Qingdao spot prices softening and trading activity remaining subdued

The Baltic Dry Index (BDI) decreased by 6 points on August 10, 2026, reaching 3083 points.

Clorox expects a $200 million inflation impact, largely due to rising energy, commodity, and supply chain costs.

Westports Malaysia has received 60 electric terminal tractors with swappable batteries from Westwell for operational integration

Yangzijiang Shipbuilding achieved record revenue and profit in H1 2026, with its orderbook reaching 256 vessels worth $22.4bn

Axpo Italia and Vitol completed the first ship-to-ship LNG bunker delivery at the Port of Civitavecchia, Italy.

KCC has received the 83,000-dwt Baltazar, a new combination carrier equipped with wind-assisted propulsion and energy-saving features