Ocean Freight

The Drewry World Container Index (WCI) moved higher last week, signaling an increase in global container shipping rates

A court ruling clarifies how payment deadlines are determined in contracts referencing banking days across multiple jurisdictions.

New analysis explores policy mechanisms and financial support strategies to bridge the cost gap for low-emission shipping fuels

Castor Maritime Inc. has formed a joint venture to acquire and operate the M/V Magic Starlight, a Kamsarmax bulk carrier.

US gasoline spot prices rose sharply from March to July 2026, despite EPA waivers, due to tight inventories and strong demand

Oil prices saw slight movements as investors considered reports of potential Iranian restrictions on vessel transit in the Strait of Hormuz

JAK Maritime is now the first approved Maritime Search and Rescue training center in the Middle East, boosting regional capabilities

Klaveness Combination Carriers (KCC) was named a European Climate Leader for its greenhouse gas emission reductions.

Australia's Reserve Bank is expected to maintain current interest rates, while key economic data from China, India, and Japan are due

German industrial production increased by 0.2% in June, driven mainly by the automotive industry, with exports also rising.

Salvage teams have commenced moving the grounded MSC Baltic III containership towards the shore in Newfoundland.

Ocean carriers are making significant port investments to secure terminal capacity and enhance network control.

Diana Shipping Inc. has secured a time charter contract with NYK for its Capesize dry bulk vessel, m/v Florida

The Indian Register of Shipping met with marine equipment manufacturers to strengthen collaboration and gather feedback on its services

Ukraine claims to have struck two Russian oil refineries and Black Sea vessels to curb war financing.

Currency markets are influenced by Gulf tensions and the upcoming Federal Reserve meeting, with a weaker dollar possible.

Seven Chinese vessels have received permits to transit the Russian Arctic's Northern Sea Route to Europe.

ADNOC reported significant operational disruptions following unprovoked attacks on its assets and personnel, impacting its ability to meet…

US retailers have lowered July import forecasts but expect a stronger year-end, signaling a short-term volume dip.

Dachser has acquired a 10% minority stake in Synergie Canada to expand its air and sea freight forwarding services.

Transpacific container spot rates have increased for both US coasts, while European trades see a fourth week of declines

US container import peak season is concluding as retailers finished accelerating shipments to avoid new tariffs and supply chain uncertainty

TOTE Services is creating a national network of shipbuilders and suppliers for the U.S. Navy's Medium Landing Ship program.

Global food commodity prices rose 0.6% in July, reaching a three-year high due to increased grain, sugar, and vegetable oil costs.

Xeneta asserts that many perceived 'black swan' events in freight are actually predictable and require better planning

CBP has refunded $100 billion in IEEPA tariffs, but a system for liquidated entries is delayed by a DOJ appeal.

The National Waterways Conference will hold its annual meeting in Moline, Illinois, co-hosted by Corn Belt Ports.

DFDS Ferry Division chief Mathieu Girardin is leaving, with CEO Michael Hansen taking interim control of the European business.

Precious Shipping secured an $11 million insurance payout for a war risk incident affecting its vessel in the Strait of Hormuz

Transpacific container freight rates increased by 14% due to Chinese port congestion and rising AI-related demand.