Ocean Freight

Yanbu port in Saudi Arabia recorded heightened tanker activity as vessels transited the Bab el-Mandeb Strait with AIS disabled.

Mitsui E&S DU Co. completed the FAT for Japan's first WinGD methanol dual-fuel marine engine, destined for a new vessel series.

Huisman will deliver specialized lifting and handling systems for a new offshore installation vessel by SBM Offshore and Solstad.

BP completed the sale of its Gelsenkirchen refinery in Germany to Klesch Group, supporting portfolio simplification and capital allocation

PIL's Kota Eagle completed an LNG bunkering operation at Shanghai Port, pushing the port's total LNG volume past 2M cbm

Shippers are largely unimpressed with the current schedule reliability of container shipping lines, despite some carriers performing better.

HMM is changing its fleet strategy, cutting its 2030 capacity goal and investing heavily in 36 new, smaller vessels

Flinders Port Holdings began construction on a new A$50 million intermodal precinct at Outer Harbor to boost South Australia's logistics

Two oil tankers reportedly evaded separate incidents involving explosions and warning shots in the Strait of Hormuz

A GasLog LNG tanker encountered an incident exiting the Strait of Hormuz, with the vessel and crew reported safe.

ICTSI's first-half earnings rose, boosted by increased container volumes at new terminals in Durban and Batam.

A major offshore energy merger has cleared U.S. antitrust hurdles but faces deepening scrutiny in Europe and Australia

North Star has secured significant debt financing to expand its fleet of vessels supporting the offshore wind energy sector

South Korea begins constructing the Gwangyang Port Automation Testbed, a major project for AI-backed container terminal development

July maritime news included Houthi Red Sea threats and a significant increase in VLCC vessel orders

Colombo West International Terminal has received new STS and CRMG cranes for its deep-water container terminal expansion

Vessel transits via Bab el-Mandeb Strait have decreased, India plans a transhipment hub, and dry bulk sector shows optimism

Cathay Cargo is developing Hong Kong into a key logistics gateway for the Greater Bay Area, integrating air-air, air-road, and air-sea…

Tanker operators are exploring new routes, including pipelines, to bypass the Strait of Hormuz due to ongoing instability

The Capesize dry bulk market rebounded by week's end, overcoming an initial slump caused by low Atlantic cargo volumes.

Container rates from East Asia to the US West Coast fell, while US East Coast rates were steady to higher.

India is now a net importer of iron ore, a shift driven by strong domestic steel production and declining exports

Red Sea light end petroleum product transits via Bab-el-Mandeb have fallen significantly after reaching a record high.

Drewry's Intra-Asia Container Index stabilized at $956 per 40ft, halting a five-week decline despite Middle East uncertainty

The Strait of Hormuz is a high-risk waterway due to Iranian attacks on shipping, impacting global oil trade.

Pelagus has expanded its marine spare parts manufacturing network to over 25 OEM partners globally, enhancing supply chain resilience

Global container freight markets saw a slight softening in Week 31, driven by weaker Europe-bound trades.

Lemissoler Navigation has named its first two methanol dual-fuel bulk carriers, MV Lem Azalea and MV Lem Plumeria

The EU has cut Ukraine's duty-free steel quota by 59%, a larger reduction than for other steel imports.

Baumarine by Klaveness is enhancing its strategy to help dry bulk shipowners optimize earnings through spot performance and fixed-rate tools