Ocean Freight

Turkey has launched its first domestically built LNG-powered containership, also the largest container vessel constructed in the nation

The U.S. Coast Guard has substantially cut the wait times for merchant mariner credential applications to four months

Ocean carriers are imposing new surcharges as the Panama Canal Authority restricts neo-Panamax vessel drafts.

Shipowners continued ordering new vessels last week, focusing on containerships and gas carriers.

Geopolitical tensions in the Red Sea and Strait of Hormuz are straining war risk insurance, affecting shipping routes and costs

A proposed EU ETS revision aims to include vessels as small as 400 GT, expanding carbon emissions regulations.

China is set to expand regular container operations via the Northern Sea Route following a successful trial in 2025

Global crude oil loadings saw a rebound in 2025 after a marginal decline the previous year.

VLSFO availability in Singapore remains tight, with lead times of 14-19 days due to low inventories and Strait of Hormuz disruptions

Iranian crude oil flows to Singapore's ship-to-ship transfer areas saw a sharp rise in July, reaching 36.2 million barrels.

Wärtsilä achieved record order intake and improved operating results in the first half of 2026, despite a slight dip in net sales

HD Hyundai Heavy Industries delivered the 174,000-cubic-meter LNG carrier 'HALWAN' to QatarEnergy for its expansion project

China delivered the world's first 41,800-ton bidirectional self-discharging ship, designed for the Simandou Iron Ore Project in West Africa

Asian metallurgical coal market is expected to pivot towards India for demand in Q3 as China's influence wanes

China has cut Iranian crude oil imports by 40% due to U.S. sanctions on Chinese refineries, impacting Iran's revenues

Ukraine's corn trade has stalled due to port attacks, causing shipping delays and deterring international buyers

Saudi Aramco's Q2 2026 net profit is projected to rise 40% year-on-year, reaching $31.85 billion.

Oil prices rose in volatile trading due to escalating Middle East tensions and new threats to Red Sea shipping.

Speculators increased net-long positions in Brent crude futures, breaking an eight-week streak of reductions.

Russia faces severe fuel shortages, with long queues at gas stations due to Ukrainian attacks on oil infrastructure.

Eurozone investor morale reached a five-month high in June 2026, driven by hopes for a resolution to the Iran conflict

Azerbaijan and Germany are deepening economic ties in manufacturing, logistics, and construction, moving beyond oil and gas.

Arc has joined the Maritime Battery Forum to advance electric and hybrid propulsion for commercial vessels

Altana acquired a customs automation software provider to offer AI-driven compliance tools to brokers and shippers

A Greek ferry and a RoRo cargo ship were involved in a collision at Chania Port in Crete

A new report outlines vessel sales and purchase market activities and trends for carriers during Week 29.

Tropical Storm Bertha has led the US Coast Guard to declare Port Condition WHISKEY across several US Gulf Coast ports.

Bulker values remained largely stable this week, though Capesize prices saw a slight dip due to a recent sale.

Intellian and Iridium have launched the C100M GMDSS System, completing Intellian's Iridium Certus portfolio for maritime safety

Capesize spot rates have fallen sharply as market inquiry for dry bulk shipping services experiences a notable slowdown