Ocean Freight

Babcock LGE secured its first order for the ecoAPEX reliquefaction technology for three Very Large Ammonia Carriers

OMV Petrom is advancing its €560 million sustainable fuels production unit at the Petrobrazi Refinery in Romania.

MarTrust and ISWAN are partnering to enhance seafarer welfare through improved digital payments and support services

Gdansk and Wilhelmshaven led growth among Europe's top 15 container ports in H1 2026, while major hubs saw a decline

HPC Hamburg Port Consulting will advise Somalia's main port, Mogadishu, on its upcoming equipment investment phase

Cargo owners are acquiring tankers due to high freight rates, prompting concerns about future market changes and efficiency.

Global cargo volumes are shrinking, yet shipping freight rates are soaring due to market inefficiencies.

Philippine terminal operator ICTSI secured a US$1 billion loan from BDO Unibank to fund its global expansion and operations

ZPMC's new Smart Workshop in Nantong integrates automated systems for port crane component manufacturing, boosting domestic production.

Maersk and MOL stressed the importance of multi-fuel and diverse solutions for decarbonization at a Global Maritime Forum event.

A $315 million contract has been awarded for a new fuel pier and cutter mooring at Base Kodiak, Alaska

The ship recycling market is holding strong, fueled by robust buying sentiment and improving steel prices.

Dirty tanker freight rates have reached historic highs, despite a reduction in global crude oil departures.

The Baltic Dry Index (BDI) registered a minor decrease, yet remained near its highest point since mid-September.

Global steel flows declined by 1% in July 2026, with China increasing its export share to 45.7%.

Tanker market activity has decreased this week after recent rate hikes for eastbound Fujairah-Arabian Gulf shipments.

New Baltic Handysize futures contracts are now available on SGX and EEX, providing tools for freight risk management

India's ambition to build VLCCs is constrained by the need for specialized infrastructure like large dry docks and heavy-lift capabilities

HJ Shipbuilding & Construction has secured an order to build four 10,100-TEU container vessels for an Oceania-based carrier

Maersk has opened a new 72,000 sqm logistics center in Herleshausen, Germany, to bolster its contract logistics network

South Korea boosts freight cost refunds to 100% for non-Middle East crude oil imports to diversify supply

Oil prices fell after US President Trump reported talks between American and Iranian representatives at the United Nations.

Egypt and Chevron are accelerating agreements to connect Cyprus's Aphrodite gas field to Egyptian energy infrastructure.

U.S. Secretary of State Marco Rubio indicated that an Iran agreement would demand significant, sustained effort.

Hapag-Lloyd will submit an updated offer for Zim by month's end to address Israeli government national security concerns

Attacks on commercial vessels in the Black Sea persist, with drones and USVs becoming primary floating hazards.

Maria Angelicoussis, a prominent shipping magnate, has realized significant gains from a strategic investment in Nvidia Corp

ESL Shipping's new plug-in hybrid vessel Astramar was christened at the Port of Raahe, coinciding with a new quay opening

GTT Energy showcased innovations at Gastech 2026 to boost LNG shipping's economic, energy, and environmental performance

An armed group has closed a pipeline from Libya's largest oil field, El Sharara, jeopardizing national oil exports