Ocean Freight

Sea transport dominated the EU's 2025 external trade by volume, while air cargo held a larger share by value

Russia plans to secure over $2.35 billion from exporters to finance new icebreakers for its Arctic Sea Route.

Eight suicide attempts were recorded among US sailors on the USS Abraham Lincoln during its extended 286-day deployment.

Insurance costs for oil tankers loading from Saudi Arabia's main Red Sea port have tripled recently due to heightened regional tensions

OCEAN, the European sub-committee of ISSA, celebrated 50 years of service to the ship supply sector in Brussels

IMO member states will observe World Maritime Day 2026, recognizing the maritime industry's role in global trade and safety

The Liberian Registry highlighted six key collaborations at Gastech 2026, advancing sustainable shipping solutions

Jennifer Jordan-Saifi discussed the challenges of decarbonizing shipping, including skepticism and political inertia.

Höegh Autoliners moved 1.2 million cbm of cargo in August 2026, with freight rates showing a marginal rise

South Korean President Lee Jae Myung discussed shipbuilding cooperation, especially naval vessels, with Donald Trump in New York.

GTT Energy will design cryogenic tanks for a new 18,700m³ LNG carrier for an Asian owner, built by Hudong-Zhonghua Shipbuilding

Dutch specialist Dijvler is expanding into the sea-going vessel market by acquiring C-Nautical's designs and certifications.

Global container shipping rates saw a minor dip this week, influenced by lower Asia-Europe prices and upcoming blank sailings.

The global ferry industry association, Interferry, supports the European Commission's proposed revisions to the EU ETS.

Bunkering operations have restarted at Brazil's Rio Grande Terminal after a power outage caused by a tropical storm.

Bibby Marine's new eCSOV vessel is designed to cut fuel consumption by 40% before offshore charging is available

The US and China have extended their trade war truce, maintaining tariff suspensions until January 10.

Subsea7 secured a contract extension from TPOTC, valued at $50-150 million, for Sakarya Phase 3 offshore work until 2028.

Statkraft has completed the sale of its UK green hydrogen development portfolio to Kentron Green Nordic AS.

Russia has begun commercial crude oil exports from its Vostok Oil project in the Arctic, aiming to increase production.

Ocean carriers are redirecting transatlantic capacity to Canada, likely due to potential US port labor issues.

Siemens Gamesa chartered the Purus Horizon SOV for North Sea offshore wind farm maintenance, improving operational support.

Karpowership has concluded its seven-vessel LNG carrier-to-FSRU conversion program at Seatrium's Singapore yard

Italy has formally initiated a $4.2 billion program to procure two new DDX destroyers for its Navy

Amazon is launching new AI tools for sellers to enhance inbound planning and manage aged inventory, supporting global expansion

Tecon Rio Grande has upgraded its container handling capabilities with new STS and remote-controlled RTG cranes.

Ørsted and Nuveen inaugurated the 913 MW Borkum Riffgrund 3 offshore wind farm, emphasizing European supply chain demand

Dong Fang Offshore has ordered its fifth commissioning service operation vessel (CSOV) from Vard, valued at up to $86 million

The Baltic Dry Index climbed 43 points to 3,473, reflecting an increase in global dry bulk shipping costs.

Taiwan has increased maritime patrols near the Pratas Islands by deploying larger ships due to rising Chinese activity