Ocean Freight

Precious Shipping's joint venture, Nusantara Maritime, has acquired an MR tanker from d’Amico International Shipping

CMA CGM and Hapag-Lloyd have suspended all bookings to and from Cuba due to a new US executive order

Shipping Corporation of India (SCI) has launched a tender for two 1,700 TEU methanol-ready containerships

Diana Shipping secured a higher-paying charter extension with Oldendorff Carriers for its post-panamax bulker Polymnia

Prosafe has confirmed a North Sea contract with Ithaca Energy for its Safe Caledonia vessel at the Captain field

Busan Port Authority is developing LNG and methanol bunkering infrastructure by 2032, including storage tanks and a berth

Iran has reportedly seized a Chinese-owned maritime security vessel near the Strait of Hormuz, marking a new development

Ocean Alliance's PEX3 service will add a direct call at the Port of Miami, replacing New Orleans, from late June

The Middle East conflict is significantly disrupting global maritime and air traffic, impacting critical transport corridors

Panama Canal confirms no vessel transit restrictions through 2026 despite anticipated El Ni o drought conditions

Experts analyze the Middle East conflict's potential impact on global supply chains, especially regarding the Strait of Hormuz.

Iraq exported 10 million barrels of oil through the Strait of Hormuz in April, a notable reduction from previous volumes

Hapag-Lloyd and Greta Shipping have reinstated their joint container service connecting India and the Middle East.

The Drewry World Container Index (WCI) climbed 12% this week, driven by surging rates on Transpacific and Asia-Europe lanes

Greece has formally requested the EU's intervention regarding alleged illegal fishing and maritime law violations by Turkish vessels

B30 biofuel blend prices saw an increase in Rotterdam and Singapore, contrasting with stable conventional VLSFO costs

Alexandria Container and Cargo Handling Company (ACCH) has launched tenders for new cargo handling equipment

Tuticorin Port has launched a global tender for Berth No. 7's transformation into a new container terminal

Ocean Network Express (ONE) has reportedly ordered six new LNG-fueled 15,000 TEU containerships from HD Hyundai Heavy Industries

The Maritime IT Networking Summit in Greece concluded, highlighting digital transformation and technological innovation for the maritime…

South Carolina Ports plans to expand its Ro-Ro operations at the North Charleston Terminal, adding rail services

A growing shortage of accounting professionals is increasingly impacting the logistics industry's financial operations and efficiency

Port of Long Beach saw cargo volumes drop in April due to global market volatility and rising fuel costs

Tanker spot freight rates remained elevated in April, influenced by persistent trade disruptions and limited Middle East activity

The Baltic Dry Index fell 1.4% to 3,151 points, mainly due to a 2.3% drop in the capesize index

The Strait of Hormuz closure, now in its third month, continues to reshape global trade flows and shipping earnings

UNCTAD's latest report indicates that non-tariff measures are significantly increasing global trade costs and complexity

Transpacific ocean container spot rates have stabilized at high levels, reflecting continued market volatility

UK asset markets faced pressure as political uncertainty emerged from the Labour Party's leadership contest and poor election results

The secondhand bulker market experienced strong sales and rising freight rates for another week