Ocean Freight

Russia has begun importing gasoline by sea from India to alleviate internal fuel shortages caused by Ukrainian attacks.

DOF Group secured a contract from TotalEnergies for subsea construction and mooring services for the FSO Unity Replacement Project

An overview of the latest weekly time charter rates for tanker and dry bulk shipping sectors is provided

Liebherr secured an order for seven STS cranes for Baltimore's new Sparrows Point container terminal, enhancing capacity for larger vessels

Gwynt Glas floating offshore wind farm project has submitted its Environmental Impact Assessment scoping report

MacGregor secured orders in H1 2026 for offshore crane upgrades, enhancing safety, uptime, and access to new work.

JERA has created a new Singapore-based company, JERA GES, to manage its long-term LNG and lower-carbon fuels portfolio.

Føn Energy Services secured a multi-year contract for integrated O&M at Poland's Baltic Power offshore wind farm

MOL and IBM Japan have launched a new AI-powered platform to enhance decision-making and proactive vessel operations.

A container ship reportedly ran aground in the Strait of Hormuz while transiting outside Iran's designated corridor.

China is expanding its electrification strategy from road vehicles to inland shipping, targeting emissions reduction.

IMO’s NCSR 13 session finalized draft guidance for next-generation ECDIS S-100, advancing maritime digitalization and navigation safety

Consilium Safety Group acquired Integmar Marine Technologies in Türkiye to bolster aftermarket services and technical capabilities.

COMPETIQ, an AI-powered recruitment platform, aims to help maritime employers find qualified seafarers faster amid officer shortages

AET is expanding its use of alternative fuels like biofuels and biomethane, citing fuel availability and regulatory uncertainty.

India plans to expand domestic shipbuilding and attract Asian investment to reduce logistics costs and boost port efficiency

Iron ore futures are approaching a one-year low as new EU steel import restrictions impact demand outlook.

Dalian iron ore futures dropped 1.68% to 733 yuan/ton, with port spot prices declining 10-12 yuan/ton.

Steel rebar futures dropped to an eight-month low following new EU import restrictions designed to protect its domestic industry

Copper prices fell as the market anticipated a US Commerce Department report potentially leading to import tariffs.

Wheat futures rose in early July, driven by USDA reports showing lower wheat stocks and reduced acreage.

Global oil prices recorded their largest quarterly drop since Q1 2020, driven by record US crude production and exports

Oil prices nudged higher driven by US-Iran talks uncertainty, though record US production limited significant gains

US crude oil inventories rose by 6.072 million barrels, significantly exceeding analyst expectations and prior levels.

Aker Solutions has secured a major contract for an offshore wind project, signaling strong activity in renewable energy logistics

Gasum will provide LNG fuel to Fjord1 ferries on a vital Norwegian coastal route via truck-to-ship bunkering

Hamburg Port has doubled its capacity for Airbus aircraft components at CTT, enhancing exports to China.

Nord Gas Solutions will supply an LNG regasification system for Exmar's FSRU conversion at the EemsEnergyTerminal expansion

Shenzhen Port Group and Bureau Veritas Marine & Offshore have partnered to develop green shipping corridors.

BIMCO is seeking industry input on a common standard for maritime emissions data reporting using Operational Vessel Data