Ocean Freight

OOCL's first methanol dual-fuel containership, OOCL Wisdom, completed its initial green methanol bunkering at Qingdao Port.

Bunker Oil AS has secured a new four-year contract to supply marine fuel to the Norwegian Defence Materiel Agency.

A study highlights regulatory gaps in ship recycling rules, posing compliance challenges for specialized vessel owners.

Rhenus Group is targeting a spot among the top 10 global logistics companies through continued international expansion

Advantage Tankers has ordered two dual-fuel-ready suezmax crude tankers from Samsung Heavy Industries for 2029 delivery.

Chinese logistics provider Xiamen ITG Shipping has ordered six 15,200 dwt multipurpose vessels to boost its fleet

The Panama Canal Authority will reduce the maximum authorized draught for Neopanamax vessels to 14.94 meters.

Indonesian owners are acquiring older LNG carriers, giving them a second life as vessel values in the segment decline

China is rapidly expanding its fleet of battery-powered cargo vessels, with over 440 electric ships operational by late 2024.

French prosecutors fined a shadow fleet tanker owner €1 million for operating under a false flag in the Atlantic.

TT Club has appointed Oscar Egerström as commercial director, a new role focusing on strategic initiatives and broker support

Hannibal introduces a new open-rail shuttle service linking Milan's Rail Hub in Melzo with Rotterdam Europoort.

A seaplane crashed near the East River Ferry Terminal, prompting an emergency response.

China introduces its inaugural zero-carbon sea-river container corridor, leveraging electric vessels and battery swapping technology

Record heatwaves in Europe are increasingly impacting critical logistics infrastructure, causing delays and capacity reductions.

Ocean freight rates on major East-West lanes remain sharply elevated despite a recovery in vessel capacity.

Boskalis has introduced the Windpiper, the world's largest subsea rock installation vessel, enhancing its offshore wind support capacity

SeaBird Exploration secured a 2D seismic survey contract offshore India, deploying the Eagle Explorer until mid-2027.

The Port of Galveston has opened a new berth, enhancing its cargo handling capacity and welcoming its first vessel.

A decline in Russia's crude oil processing capacity is driving a notable increase in seaborne crude exports.

VLCC freight rates are shifting from geopolitical risk premiums to pricing based on vessel utilization and supply-demand.

The Capesize dry bulk market recovered significantly this week, transitioning from subdued sentiment to a strong rally

Ocean container shipping rates are experiencing a notable surge, especially on the Transpacific route, according to Xeneta's analysis

Vessel transits through the Strait of Hormuz dropped to a four-day low on July 2 due to persistent regional tensions.

US courts are adopting a contractual view of "package" under COGSA, potentially lowering carrier liability limits

DNV's July 2026 class rules introduce new notations and updates to support maritime sustainability and innovation

Maersk has ordered 1,000 containers from India's DCM Containers, a first for a global shipping line

The mega container ship CMA CGM SAINT GERMAIN successfully navigated the Suez Canal for the first time, as announced by the Suez Canal…

Seven OPEC+ nations, including Saudi Arabia and Russia, adjusted oil production to stabilize the global market

Container shipping rates are rising on key routes, fueled by early holiday inventory stocking and increased bunker fuel expenses