Ocean Freight

Scorpio Tankers has resumed transiting the Strait of Hormuz, with an LR2 vessel chartered to deliver jet fuel to Europe.

Capesize dry bulk rates declined significantly this week, reversing earlier optimism across global basins.

VLCC freight rates decreased last week, while LR2 tanker rates rose on Middle East Gulf to Japan and UK-Continent routes.

Container rates from Asia to the US are surging as shippers pull cargo forward, while tanker rates are falling.

Wärtsilä states that shipping companies face increased difficulty in adopting low-carbon fuels due to IMO's delayed global decarbonization…

A tanker was attacked in the Strait of Hormuz, prompting a US warning against further maritime aggression in the region

Biofuel bunker prices for B30-VLSFO have fallen in major European and Asian ports, reducing its premium over conventional VLSFO

The Drewry World Container Index (WCI) saw a 5% increase last week, reaching a 22-month high due to rising spot rates

Dryad Global introduces Verihelm, a maritime intelligence platform for better decision-making in volatile global trade

A new bill proposes a $1 billion annual program to advance clean shipping technology and infrastructure in the US.

Yang Ming christened its third 15,500 TEU LNG dual-fuel container ship, the 'YM Wayfinder,' for its Asia–North Europe FE3 service

Klaveness Combination Carriers (KCC) secured a new $200 million bank facility to refinance existing debt and extend maturities

SES and Tototheo Global enhance their collaboration to provide global multi-orbit satellite connectivity for the maritime sector

Pilbara Ports Authority plans to launch ammonia bunkering at Port Hedland by 2026, ensuring infrastructure and safety readiness

Military exercise 'Resolute Dragon' near Taiwan reportedly causes unease for Chinese Navy, underscoring regional tensions

The Baltic Exchange recently hosted its annual luncheon for the Greek Shipping Co-operation Committee in London.

Diana Shipping Inc. has secured a time charter contract for its Panamax dry bulk vessel, m/v Ismene, with Paralos Shipping

ReCAAP ISC and the Philippine Coast Guard convened a meeting in Manila to strengthen regional anti-piracy collaboration

Australia continues to record a high number of maritime safety incidents, highlighting persistent challenges in the sector

The global shipping industry is grappling with a worsening shortage of skilled personnel, affecting maritime operations worldwide.

Mammoet utilized its MTC 1600 cranes and XXL monopile transport system for the Baltic Power offshore wind farm project

The Port of Brownsville finished its $295 million ship channel deepening project, allowing larger vessels to access the port.

A large CMA CGM container ship, the Galapagos, successfully transited the Strait of Hormuz on Sunday morning.

Sennebogen is enhancing its presence in the port equipment sector by introducing new bulk handling machinery and delivering equipment.

Sweden is arming its coast guard vessels with machine guns due to increasing threats from Russia-linked ships in the Baltic Sea

Port Canaveral has secured its Green Marine certification for the tenth year, underscoring its commitment to environmental practices

Maritime leaders are addressing the regulatory hurdles for deploying nuclear propulsion in shipping.

The Maritime Executive has released its latest shipbuilding and repair edition, now available online for industry professionals

A second merchant tanker was reportedly struck in the Strait of Hormuz, signaling a deteriorating security environment.

Saudi Arabia is increasing crude oil shipments after its Persian Gulf ports reopened following the Iran war.