Ocean Freight

Oil prices rose after a commercial vessel was reportedly struck in the Strait of Hormuz, highlighting regional shipping risks

Global base oils markets face a prolonged recovery due to supply constraints and geopolitical tensions, especially for Group III.

The European Council has extended economic sanctions against Russia for another year, now valid until July 31, 2027.

DCE iron ore futures showed strength, with the main contract up 0.81%, as port spot prices increased.

Three Ship-to-Shore cranes have arrived at Morocco's Nador West Med port, destined for the West Med Container Terminal

Venice's pilot project successfully integrated port, airport, and urban transport, enhancing passenger and cargo handling.

Zhonggu Logistics is upsizing new container ship orders from 6,000 TEU to 6,300 TEU while selling three older vessels.

Skyborn Renewables and Uniper have finalized a long-term power purchase agreement for the Gennaker offshore wind farm.

Rotterdam Port has banned a protest on its railway infrastructure scheduled for June 27 by pro-Palestine and climate activists.

Evos Rotterdam begins construction on new methanol and ethanol storage tanks at the Port of Rotterdam, expanding capacity for industrial…

BC Ferries has received the first of four new hybrid-electric Island Class vessels, built by Damen Shipyards in Romania.

A technical issue on P&O Ferries' Norstream ro-ro vessel in the North Sea caused delays, requiring tug assistance.

P&O Ferries' Norstream ro-ro vessel reached Tilbury after a technical issue disrupted its North Sea crossing.

Norden's first chartered vessel has safely left the Persian Gulf after recent disruptions in the Strait of Hormuz.

BIMCO emphasizes the need for clear US-Iran maritime agreements after a drone strike in the Strait of Hormuz.

Artemis Technologies has begun sea trials for its new all-electric hydrofoil pilot boat, the Artemis EF-12 Pilot.

Europe's critical minerals strategy is set to increase demand for specialized logistics, particularly for battery and offshore wind sectors

ABB will acquire marine automation specialist Høglund AS, integrating its operations into ABB's Marine & Ports division by Q3 2026

Cavotec has secured a €1.5 million contract to provide shore power technology for a Southern California cruise terminal expansion.

A new MoU aims to boost maritime connections and logistics corridors between the Port of Antwerp-Bruges and Ukrainian ports.

Crown Estate's revenue from existing offshore wind farms increased by 20%, even as operating profit slightly decreased.

Poland's Orlen and Ukraine's Naftogaz Group collaborate on LNG supply and decarbonization to bolster Ukraine's energy security

Aker Solutions secured a long-term contract for engineering and maintenance on an offshore platform and FPSO in Canada.

DOF Group secured a substantial three-year contract for a vessel in North America, highlighting ongoing demand for offshore services

Port of Oakland saw a 1.9% year-on-year increase in container throughput for May 2026, reaching 190,958 TEU.

Multipurpose carriers are navigating geopolitical instability, energy transition demands, and other market forces impacting project…

Valencia Port saw overall cargo volumes fall in early 2026, driven by reduced bulk cargo despite stable container traffic

Shipyards are facing engine shortages, especially for dual-fuel two-stroke models, impacting newbuild output and delivery timelines

The shipping industry faces recruitment challenges due to a lack of clear communication about career opportunities and sector specifics

Russia threatens legal action if the UK sells cargo from the seized Smyrtos tanker, escalating tensions over shadow fleet enforcement