Ocean Freight

Saudi petrochemical giant SABIC states its Red Sea shipments remain unaffected by Middle East conflict, using flexible supply chains.

The Capesize bulk carrier "Attikos," built in 2012 and scrubber-fitted, was sold for USD 37.5 million.

Chevron Corporation reported $12.1 billion in earnings for the second quarter of 2026, with adjusted earnings at $12.0 billion.

Wintermar Offshore reported a 24.4% rise in net profit for 1H2026, driven by more vessels and higher utilization.

Vanuatu is enhancing its maritime security framework with IMO assistance, focusing on SOLAS and ISPS Code implementation at its ports

Japan's industrial output rose 1.3% in June 2026, marking the third consecutive monthly increase and a five-month high.

Growth in heavy manufacturing and data center construction is projected to increase freight shipping demand, impacting trucking and ocean…

LBCT is working to reduce an intermodal container backlog caused by crane technical issues, with congestion possibly lasting into August

A cargo ship captain was arrested in Sweden after a collision with a pleasure boat led to multiple deaths

The Port of Virginia launched a new intermodal rail service to Indianapolis, targeting freight typically handled by New York-New Jersey.

IRClass Academy concluded a three-day Port Facility Security Officer training in Mauritius for maritime professionals

Middle East conflicts are extending tanker voyage times and increasing earnings due to disruptions in key export routes.

Greek retail sales surged by 6.8% year-on-year in May 2026, marking the highest growth in a year.

A definitive agreement for the Moeve and Galp downstream merger is now expected in the second half of 2026.

Russian grain lobby warns Ukrainian drone attacks could soon halt Black Sea grain exports, impacting global prices and food security

A sanctioned tanker is leaking crude oil off Oman, with the spill spreading and raising environmental concerns for coastal areas

ExxonMobil's Q2 profit of $14.7 billion, the highest since 2022, fell short of forecasts due to refining repairs

Record low water levels in Europe's major rivers are curtailing goods transport and reducing power output.

Oil shuttling in the Strait of Hormuz has resumed with increased frequency, moving millions of barrels as Middle East tensions rise

AAL Shipping delivered two 300-ton transformers to New Orleans, enabling direct vessel-to-rail transfer for US grid projects

Container spot rates on major East-West trade lanes saw slight declines, potentially impacting August GRI effectiveness.

A €178 per container surcharge is now active for inland shipping to and from Hengelo and Almelo due to Twentekanaal closure.

Finnlines saw a 39% profit increase, crediting fleet modernization and energy strategy for shielding against Red Sea fallout.

The Port of Gioia Tauro is preparing for substantial investments to improve its rail freight connectivity and intermodal operations

A hybrid ocean energy construction vessel has arrived in Norway for its final completion phase, targeting offshore wind operations

HD Hyundai has launched the inaugural vessel from its re-established Subic Bay shipyard, marking the start of full-scale operations.

The Baltic Dry Index climbed 59 points to 2,732, reflecting rising costs for dry bulk cargo transport.

Quadrise and Licella have amended their JDA to refine the joint testing of bio-oil production technology and fuel applications

The Port of Los Angeles is exploring options to replace or modify the Vincent Thomas Bridge to accommodate larger container ships

Maersk is tripling its West Coast Latin America shuttle capacity, linking Mexico directly to Panama and Ecuador for faster Asia-South…