Ocean Freight

Portsmouth International Port achieved a milestone with the first commercial cruise ship connection to its shore power system

Huajing LNG Transport named the 'Greenergy River', the first of six dual-fuel LNG carriers for CNOOC Group, in China

Member states and NGOs are submitting proposals for the IMO's Net Zero Fund before the MEPC 85 meeting

DP World is investing €48 million in a new 55,000 square meter ColdChain hub at Antwerp Gateway for pharma and perishables.

A weekly update on time charter rates for tanker and dry bulk shipping sectors as of August 5th.

KOIL Energy Solutions has formed a strategic alliance to expand its subsea services in the Eastern Hemisphere

Most vessels transiting the Bab el-Mandeb Strait are now using AIS messages to communicate their status, not just their destination.

Tanker traffic in the Strait of Hormuz remains subdued, even with ongoing peace negotiation reports and presidential assurances.

The US aims to announce an interim deal to reopen the Strait of Hormuz, but Iran warns of potential delays.

Alpha Gas has received its second LPG dual-fuel VLGC, the 88,000-cbm Energy Guardian, capable of using its cargo as propulsion fuel

Shanghai Port set a new single-day record for container throughput, handling over 203,000 TEUs despite typhoon disruptions

A strike by Argentine river pilots has halted grain exports, disrupting global corn and soybean supply chains.

Egypt led all destinations for US LNG cargoes in July, receiving a record 21 shipments due to Persian Gulf disruptions.

Dalian iron ore futures rose, and Qingdao spot prices saw modest gains amid active trading and steel mill purchases

Thermal coal futures fell to $130 per ton in early August due to a 7.51% rise in India's domestic coal production.

Platts wheat benchmark hits 13-month low due to weak demand and increased Black Sea security risks

Wheat futures hit a three-week low, falling below $6.40 per bushel, driven by declining oil prices and broader agricultural market trends

Soybean futures dropped to a five-week low, driven by falling crude oil prices and speculation of a US-Iran deal.

US crude oil inventories unexpectedly increased by 2.690 million barrels, defying market forecasts for a decline.

UK natural gas prices have fallen for three straight days, reaching their lowest since mid-July on Middle East deal hopes

European stocks are near record highs, boosted by strong corporate earnings and declining crude oil prices, despite geopolitical concerns

Polaris Shipping, a South Korean firm, ordered four ore carriers from China's Beihai Shipbuilding, a new yard for them.

Shipping associations oppose new compulsory transit charges for vessels in the Strait of Hormuz, citing freedom of navigation.

Sarjak Container Lines partners with Vantage Logistics to boost project cargo and oversized freight services in Vietnam

A planned port strike in the Netherlands on September 4th could disrupt sea, road, rail, and inland waterway transport.

A new MoU between Peninsula and Evos will create 60,000 cubic meters of biofuel storage at the Port of Algeciras.

ECOnnect Energy will provide its floating jettyless LNG import technology for a Shell JV project in The Bahamas

DP World successfully executed its first complete vehicle shipment in Europe, connecting Zeebrugge with Aiud by rail.

DSV and Kuehne+Nagel are implementing different AI strategies, with DSV eyeing acquisitions and Kuehne+Nagel focusing on operational gains

Houthi forces claim a missile attack on a Saudi oil tanker off the coast of Yanbu in the Red Sea.