Ocean Freight

An Indian national is missing after a container ship attack in the Strait of Hormuz, with ten crew members rescued

A container ship caught fire off the coast of Oman following an incident, prompting the evacuation of its crew.

Container import bookings are rising, prompting analysis into how much new tariffs are influencing this trend and domestic transport markets

Panamanian authorities arrested 26 port workers for alleged involvement in international cocaine trafficking, impacting port security.

Panamanian authorities arrested 26 port workers linked to an international cocaine trafficking ring, underscoring security challenges

Ireland is progressing with port reforms and has proposed a new deepwater facility to enhance maritime infrastructure

Nearly all cargo has been cleared from the wreck of the MSC Baltic III by the salvage team.

The Baltic Dry Index (BDI) climbed for the second day, reaching its highest point since June 5 at 2,944 points.

West African crude oil exports saw a downturn in the first half of 2026, impacting tanker market dynamics

Geopolitical shifts, energy concerns, and new trade blocs are creating volatility and regionalization in shipping markets.

The crude tanker orderbook has surpassed its 2008 record, with freight rates rising due to US-Iran tensions and risk premiums.

Global ocean container shipping rates held steady last week, with analysts seeing a faint glimmer of market improvement.

The US became the leading source of replacement oil barrels during a 100-day Strait of Hormuz closure

The Drewry World Container Index (WCI) increased by 2% last week, reflecting a minor uptick in global container freight rates.

Broader commercial deployment of onboard carbon capture and storage technology depends on regulatory and infrastructure progress

India's ship recycling market weakened further this week amid continued subdued buying interest.

Azerbaijan moves to ratify the International Ballast Water Management Convention after parliamentary approval

The USS Abraham Lincoln aircraft carrier set a new record for continuous sea deployment, exceeding 210 days.

Hanseatic Global Terminals Aracruz has signed a deal with SANY for STS and RTG cranes for a new Brazilian terminal.

Survivors of a Strait of Hormuz attack are suing a Thai shipping company for damages and injuries.

The Port of Savannah is finalizing a significant project to improve truck access and reduce congestion.

New vessel tonnage arriving over the next two years is expected to cause significant overcapacity in the ocean freight market post-2026

New vessel deliveries are expected to lead to significant overcapacity in the ocean freight market after 2026

Typhoon Bavi is disrupting maritime navigation near Taiwan and Shanghai, affecting vessel supply in the Pacific.

Pakistan seeks a spot LNG cargo after its gas utility warned of Qatar supply disruptions due to renewed Gulf conflict

Brazil has extended its 12% crude oil export tax for another 60 days, impacting global oil markets and shipping costs

Haldia Dock Complex's Berth 18 will close for ten days in July 2026, while Kandla relaxes liquid cargo norms

Iranian crude oil volumes stored on vessels have expanded due to increased exports during a temporary US-Iran agreement

Louisiana agencies and the USACE are streamlining processes to speed up coastal protection and restoration projects

The UN shipping agency urges nations to reject Iran's attempts to control the Strait of Hormuz and its traffic management plans