Ocean Freight

JERA Nex BP has expanded its holdings in two Belgian offshore wind farms by acquiring Sumitomo Corporation's stakes

LNG was the dominant alternative fuel choice for new vessel orders in June, according to DNV data

A report indicates Russian 'shadow fleet' vessels are linked to drone incursions within the EU, raising maritime security concerns

The US has finalized a $3.3 billion contract for six new Arctic Security Cutters, with the first vessel already under construction

The first wing-sail system on a car carrier is now undergoing testing to improve fuel efficiency and reduce emissions.

Venezuela's crude oil market is now a key driver for global tanker demand, impacting shipping dynamics

Chinese steel production fell in May 2026, leading to an iron ore surplus and sustained pressure on steel margins

MHSS emphasizes the lack of uniform psychological support standards for seafarers after concluding a specialized masterclass.

OCBC Group Research cut oil price forecasts through Q2 2027 due to normalized Strait of Hormuz shipping traffic.

Chinese companies are prioritizing supply chain resilience, AI adoption, and new market access for long-term growth.

Shipping through the Strait of Hormuz is resuming, leading to lower costs after recent US-Iran tensions.

KONGSBERG secured a new contract to provide technology for critical infrastructure protection, reflecting rising demand for security…

NORDEN raises its 2026 full-year net profit guidance due to strong dry cargo performance and reduced costs

OPEC+ countries are likely to raise oil output targets by 188,000 bpd in August amid falling prices and Strait of Hormuz reopening

Petrobras CEO Magda Chambriard suggests oil prices will stabilize between $72 and $75 per barrel, despite Middle East conflict.

A new report from Navigistics Consulting assesses the impact of the Jones Act waiver on the US economy and maritime sector.

Samsung Heavy Industries secured orders for two crude oil tankers, valued at $210.3 million, from an Oceania shipper

Samsung Heavy Industries and Kuok Group have signed a strategic agreement for future collaboration in shipbuilding and logistics

CMA CGM celebrated the naming of the CMA CGM NOTRE DAME, its newest and largest French-flagged containership.

The Training Ship Golden Bear has completed its final Summer Sea Term for Cal Poly Maritime Academy, returning to Vallejo

European authorities are escalating measures against tankers falsely using Cameroon's flag to carry Russian oil, including at-sea…

An inland vessel collided with the Stadsbrug bridge in Weert, Netherlands, leading to the ship getting stuck and road closures.

Oil prices fell to a four-month low after mediators reported progress in talks to end the conflict affecting the Strait of Hormuz

Oil flows through the Strait of Hormuz have risen to over 10 million barrels daily, supported by US military presence

Ocean container rates from Asia to the US have climbed above $7,900, fueled by peak season demand.

WISTA Hellas seminar during Posidonia Week examined if the shipping industry needs to improve public communication.

The Sir Thomas Lipton Foundation is gathering industry feedback on two innovations to connect youth with maritime careers.

Adani Karaikal Port is now an Immigration Check Post, while the Panama Canal will implement new draft limits for Neopanamax locks

Trans-Pacific spot rates are expected to soften as new vessel capacity reaches the US West Coast, concluding a four-month bull run.

French authorities fined and released a 'shadow fleet' tanker after a month-long detention, underscoring regulatory enforcement.