Ocean Freight

An LNG barge experienced an explosion at a Chinese port, leading to one seafarer being unaccounted for.

The Houthi movement claims to have resumed direct attacks on commercial shipping, targeting two Saudi oil tankers.

The ship recycling market strengthened last week, primarily due to a shortage of vessels available for demolition.

Marine insurers stress the importance of complete maintenance records during vessel ownership changes to mitigate financial and…

Port Hedland vessel waiting times hit multi-month highs, averaging 8.7 days due to ongoing congestion and labor action

The Baltic Dry Index rose 1.7% to 2,715, its first gain since July 14, largely due to capesize segment strength.

Declining FuelEU Maritime compliance credit prices could make it cheaper for shipowners to comply, potentially weakening decarbonization…

Renewed tensions in the Strait of Hormuz are causing shipping companies to re-evaluate payment strategies for maritime operations

China's imports of Russian crude oil fell to a multi-month low by mid-July, despite increased volumes to India and Turkey

WISTA Hellas hosted a seminar during Posidonia Week, examining the shipping industry's public communication strategy.

US and Mexican negotiators began bilateral trade discussions to revise the North American trade agreement, excluding Canada.

HMM expects an 80% jump in Q2 operating profit due to higher container freight rates offsetting increased fuel costs

Infrastructure financing is evolving, with project and corporate finance features increasingly merging in global transactions

Kalmar's Q2 2026 report shows significant sales growth and strong cash flow, with orders aligning with prior year levels.

MOL has introduced the "Skater" device to enhance the handling of inoperable vehicles on its car carriers.

Copper prices remained elevated in mid-July, supported by constrained mine supply and strong demand from the AI sector

European Union soft wheat exports fell to 0.47 million tons by mid-July, a significant drop compared to the previous season

US coal prices are facing downward pressure from weak domestic demand and high inventory levels, despite potential Asian demand.

The Port of Bilbao recently welcomed the MSC Ruby, the largest container vessel to ever call at its facilities, with a 13,000 TEU capacity

Iraq secured $200 billion in US energy deals to expand its oil and gas production and generate employment.

The IGU President addressed the 2026 IndoPacific LNG Summit, underscoring support for Asia's LNG industry.

Piraeus Port Authority (PPA S.A.) was honored with two awards at the "Protagonists of the Greek Economy 2026" event.

WFW advised CACIB on a US$50 million JOLCO financing for four dry bulk carriers for Precious Shipping, diversifying their funding.

Indian steelmakers are pushing for additional import duties of 8-12% on all steel shipments, particularly from China

Corn futures are expected to open higher due to rising crude oil prices and specific weather forecasts

The Port of Long Beach is partnering with MARAD to explore small modular reactor technology for nuclear-powered shipping.

The Trump administration is proposing substantial tariffs on generic drugs, impacting a complex global supply chain.

The U.S. Coast Guard's Polar Security Cutter program faces significant delays, with the first vessel expected in 2033.

South Korea confirmed the detention of a vessel suspected of smuggling goods to North Korea, enforcing international sanctions

US East Coast importers face peak season capacity shortages and elevated spot rates due to Panama Canal restrictions