Ocean Freight

Samsung Heavy Industries has surpassed $10 billion in annual orders, including new crude carrier contracts.

Attacks on Russian refineries in June boosted crude exports while reducing refined product availability for international delivery

China's steel market faces pressure in July as high supply and weak seasonal demand lead to rising inventories.

The European aluminum market is stabilizing as the Middle East conflict's impact on prices diminishes, seeking a new equilibrium

Oil prices surged as the US-Iran ceasefire faltered and Russia implemented a diesel export ban, impacting global energy markets

Dalian Commodity Exchange iron ore futures closed slightly higher at 745.5 yuan/mt, while port spot prices saw minor fluctuations.

Energy market participants are concerned about potential tolls on the Strait of Malacca due to rising tensions in the Strait of Hormuz

The Middle East crude oil market is now focused on price competition and global market share after geopolitical instability

Northwest European gasoline refining margins fell as crude oil prices jumped, indicating higher operational costs for refiners

Russia's diesel export ban led to a substantial single-day increase in US diesel futures, hitting a four-year high

China's annual inflation rate eased to 1.0% in June, falling short of market expectations and marking a three-month low

Asyad Shipping has ordered six new MR product tankers from HD Hyundai Heavy Industries for $308 million, with deliveries from 2029.

Maputo Port Development Company awarded its Port Community System project to Kale Logistics Solutions to boost efficiency.

The Panama Canal Authority and Port of Houston renewed their cooperation agreement to boost trade, with Houston cargo accounting for 18%…

Svanehoj, a marine pump and liquefied gas specialist, has acquired Henri Systems Holland, a designer of measurement and safety equipment

Pacifico Energy Korea has engaged several South Korean companies for its 3.2 GW offshore wind project, focusing on local supply chain…

Hapag-Lloyd signed an agreement with the Hamburg Port Authority to use shore power at all Hamburg terminals.

Indonesia received its first Russian crude oil shipment, a direct result of a bilateral agreement signed in April.

Wallenius Wilhelmsen has received the Arctic Tern, the first Shaper Class vessel, featuring dual-fuel and methanol-ready capabilities

JP Morgan is reportedly linked to a new order for two Suezmax crude oil tankers from Samsung Heavy Industries.

Diana Shipping and Genco Shipping & Trading are in a public dispute as Diana's tender offer deadline approaches

New orders for crude oil tankers have hit a record high in 2026, driven by strong freight markets and an aging fleet

Jean-Jacques Ruest will chair the Prince Rupert Port Authority for two years, bringing extensive logistics experience.

Ovkianvance Port has acquired the 2004-built VLCC Eclat, renamed Takai, amid a quiet tanker sale and purchase market.

C Management has expanded its capesize fleet to three vessels by acquiring two ships from Maran Dry Management.

Container shipping faces a 1.8M TEU capacity deficit due to poor schedule reliability, highlighting flawed resilience strategies

Kongsberg Maritime and BCIT have opened a new marine innovation simulation centre to advance maritime training and research

The United States has reportedly carried out a fresh series of strikes targeting Iranian port infrastructure and military bases.

Middle East instability, driven by Iran's alleged actions, threatens global energy and supply chains, prompting the UAE to adopt a…

The US government will pay Anchorage $180 million to settle a long-running Port of Alaska legal dispute.