Ocean Freight

A €415 million redevelopment program for Larnaca Port and Marina was presented, with phased investment over two decades.

The Port of Dover warns of potential summer delays due to the EU's new Entry-Exit System, lacking a workable solution

Indian exporters foresee improved domestic rice supply after government revisions to the Open Market Sale Scheme.

Global dry bulk fertilizer shipments fell 19% in May 2026, largely due to the Strait of Hormuz disruption.

A cargo vessel in the Red Sea reported an attack by armed assailants, underscoring persistent security risks in the region

An environmental group's vessel was excluded from a New York sailing parade due to "politically charged" banners.

Maritime trade between Iran and Qatar has resumed after a five-month suspension following an interim deal.

The Baltic Exchange's dry bulk freight index advanced for the fourth consecutive session, reaching its highest point since June 19.

European crude oil markets are seeing ample supply, pushing differentials down to pre-war levels despite geopolitical risks

New York Harbor marked America's 250th anniversary with a parade of over 40 historic tall ships.

A Ukrainian drone attack struck St. Petersburg's port and an oil terminal, impacting critical logistics and energy infrastructure

A CMA CGM container ship, struck by a missile in the Strait of Hormuz, is severely damaged and may be scrapped.

The Port of Galveston has opened a new berth, welcoming its first cargo vessel and expanding its operational capabilities

British Columbia's economy and tourism sector are experiencing a substantial boost from a thriving summer cruise season

Chinese coal imports are consistently falling, potentially affecting global dry bulk shipping demand and vessel deployment

The ClarkSea Index rose 61% in H1 2026 to $38,717/day, reflecting strong charter markets and geopolitical impacts

The Freight Forward Agreement market is maturing with increased liquidity, but faces uneven adoption due to industry conservatism

The Drewry Intra-Asia Container Index fell 4% to $1,035 per 40ft container, marking the second consecutive weekly decline

Allcargo Global Limited has listed its shares on the NSE and BSE, completing a four-year demerger process.

Digital trade, including both ordered and delivered components, represented a quarter of all OECD exports in 2023.

Local ship recycling prices continued to decline this week due to sustained weak buying interest in the market

A temporary US-Iran ceasefire in June led to a cautious recovery in the Middle East tanker market, boosting regional transit.

A recent "FortiBleed" cyber incident has exposed over 86,000 Fortinet firewall credentials of maritime and energy firms.

New data shows a decline in French manufacturing output, indicating a slowdown in the nation's industrial sector.

The Maritime Union of Australia is seeking a 28-hour work week for members impacted by DP World's automation plans

CMA CGM, OOCL, and ONE are introducing new containerships, focusing on fleet modernization and capacity expansion

US daily fuel oil supply rose by 25% in June, with production increasing to 303,000 b/d and total supply reaching 353,000 b/d

The ship sale and purchase market remains stable despite geopolitical concerns in the Middle East and Strait of Hormuz.

The dry bulk charter market has recovered this week, with the Baltic Dry Index closing at 2717 points.

Iran has rejected a France-Oman demining plan for the Strait of Hormuz, claiming sole responsibility for the waterway's security.