Ocean Freight

The U.S. Navy states Iran is mining the Strait of Hormuz to funnel commercial shipping into its waters for control and tolls

The US has reinstated sanctions on Iranian oil exports, revoking a temporary waiver after recent tanker attacks in the Strait of Hormuz.

Shipowners are maintaining strong investment in new vessels, particularly in dry bulk, container, and gas carrier segments

Super Typhoon Bavi is moving towards the Taiwan–China shipping corridor, threatening vessel routing and port operations

Capesize dry bulk vessel supply is projected to be tight on the C3 route in July, easing in August, while C5 shows surplus

The clean tanker market is overbought due to optimism about refined product flows, signaling potential rate hikes

BIMCO's subcommittee is advancing the WINDSEACON contract, a new standard for offshore wind turbine transport and installation.

Global crude oil loadings saw a marginal 0.2% decline in 2024, impacting tanker demand and freight rates.

The Baltic Dry Index has risen for the sixth consecutive session, reaching its highest level in almost a month.

Japan's latest power generation data reveals a notable shift in its energy mix.

An LNG tanker arrived at Mexico's Energia Costa Azul terminal, preparing for the project's first export cargo

The Bank of England warns that multiple financial risks, including geopolitical tensions, could materialize concurrently.

A Norwegian diver received the IMO Bravery Award for his valiant attempt to save a colleague, underscoring maritime heroism

ACUA Ocean's USV PIONEER successfully completed a five-day offshore demonstration, collecting 100 hours of continuous data.

Fincantieri secured a contract with Marc-Henry Cruise Holdings for a third Four Seasons luxury hospitality vessel

A proposed oil pipeline from the Gulf to Europe via Israel aims to reduce reliance on the Strait of Hormuz and Red Sea shipping

NATO allies and Gulf Arab ministers will discuss maritime security in the Strait of Hormuz, with France and Britain outlining plans.

Fairbanks Morse Defense finalized its acquisition of the Rolls-Royce Naval Handling facility in Peterborough, Ontario, establishing its…

Vessel attacks in the Strait of Hormuz are jeopardizing UK and France's mine clearance efforts, impacting maritime security

The UK and Netherlands are jointly developing new amphibious transport ships in a £2.4 billion program to strengthen NATO.

Greece's Maritime Minister Vasilis Kikilias visited Thessaloniki Port to discuss operations and future development.

Diana Shipping Inc. has secured a time charter for its Kamsarmax dry bulk vessel, m/v Medusa, with Aquavita International S.A.

StealthGas Inc. has settled an insurance matter for its LPG carrier Eco Wizard and received compensation.

The ship recycling market saw steady activity in week 27, with increased tanker scrapping and stable demand for demolition tonnage.

Paradip Port in India has resumed vessel movements, while Hong Kong established new yacht anchorages.

Ukrainian forces reportedly attacked a dozen Russian "shadow fleet" tankers supplying fuel to Crimea over two days

A cargo ship in the Bass Strait lost steering for over eight hours as the crew could not use the backup system

Disney Cruise Line joined the Methanol Institute, highlighting its focus on low-carbon fuels and sustainable maritime operations

A truck driver was sentenced to twelve months in prison for involvement in a 70kg cocaine smuggling attempt via Rotterdam.

The European Commission targets 35% EU-grown oilseeds and protein crops for animal feed by 2035 to cut import reliance