Ocean Freight

Toyota reported a $9.4 billion net profit in Q2, with sales climbing 10% year-on-year.

Jeddah Port is experiencing severe congestion, leading to carrier surcharges and booking restrictions due to increased cargo volumes

The U.S. trade deficit narrowed to $73.3 billion in June, a 5.6% drop from the previous month, driven by fewer imports.

Xodus has expanded its role in an Australian offshore oil field decommissioning project, focusing on environmental approvals.

Damen will supply two 85-meter HDPE pontoons to the Port of Cotonou, enhancing operational capacity and longevity

ASENAV will construct a hybrid oceanographic research vessel for UC San Diego, marking Chile's first such export.

MUR Shipping's Romanian unit is now VIP Chartering Services after a management buyout, maintaining Black Sea and Mediterranean shipbroking.

Uniper has signed a 20-year deal for liquefied natural gas from a Canadian project on the northwest coast

ZEMBA has transitioned from the Aspen Institute to the Center for Green Market Activation, continuing its focus on sustainable shipping…

Asso.subsea has confirmed the acquisition of an IMR vessel from Reach Subsea and Eidesvik to boost subsea operations

CMA CGM has named its new 15,000 TEU methanol dual-fuel containership, the CMA CGM Roi Arthur, for its Asia-Red Sea service

DryDel Shipping secured five-year time charters with "K" Line for four scrubber-equipped Capesize newbuilds from Namura Shipbuilding

A new MMMCZCS report analyzes subsidy strategies for zero and near-zero shipping fuels, weighing short-term abatement against long-term…

Hapag-Lloyd has welcomed 60 new apprentices this summer, investing in future maritime and shore-based talent

SCI has issued tenders for up to six 8,000 TEU LNG dual-fuel containerships, with an initial order for two.

The UP World LNG Shipping Index saw a 4.72% rise last week, with PAN Ocean's inclusion expanding its constituents

South Korea's top shipbuilders saw strong Q2 operating margins, but FX hedging strategies created varied net profit results.

Samsung Heavy Industries has exceeded its annual commercial ship order target early, driven by demand for high-value vessels.

UNCTAD introduces new training to help port professionals implement cleaner, more efficient operations amid the energy transition.

India and Iran are discussing Chabahar Port's future management while the US contemplates new negotiations with Tehran

NNPC is offering September-loading crude oil cargoes, maintaining stable West African crude price differentials

Grain exports from the Sea of Azov have stopped, impacting Russian wheat supply and rerouting strategies for Middle Eastern nations

Soybean futures remain near a one-month low, influenced by good US growing conditions and recent Chinese buying activity

Oil prices dropped sharply yesterday due to renewed optimism about a potential US-Iran peace deal.

Greece is transitioning its energy sourcing from pipeline gas to an LNG-centric import model to enhance national energy security.

DCE iron ore futures declined slightly, while Qingdao spot prices saw a modest increase amid moderate trading.

CK Line has ordered new container ships from Huangpu Wenchong, strengthening the shipyard's role in medium-sized vessel construction

Klaipėda Port saw strong cargo growth in H1, fueled by container traffic, maritime transit, and ship repair.

A pressure group criticizes the EU Commission's plan to approve two Indian ship recyclers, citing non-compliance with EU standards.

Amsterdam is expanding its renewable fuel infrastructure, handling 7.9 million tonnes of green methanol, BioLNG, and other biofuels.