Ocean Freight

Offshore Energies UK urges the government to prioritize domestic energy production to counter the global energy crisis

Eidesvik Offshore extended its contract with Equinor for the platform supply vessel "Viking Queen" through 2026.

Hanwha Ocean and Novarc Technologies are collaborating to implement AI-powered robotic welding in shipbuilding.

NCL has joined the GASS project, providing operational data to develop digital twin technology for voyage optimization.

Prosafe is actively seeking new contracts to improve its fleet's utilization and expand its project backlog.

A proposed OFAC-licensed mechanism aims to facilitate the demolition of the 'shadow fleet' of tankers.

Vessels are positioning near the Strait of Hormuz, anticipating its reopening despite ongoing military strikes in Iran

CMA CGM has taken delivery of its latest Megamax containership, the largest LNG-powered vessel globally.

A new weekly newsletter, "The Carbon Wake," will track the commercial impact of shipping's green transition.

BP's board unanimously removed chairman Albert Manifold over serious concerns about governance and conduct, appointing Ian Tyler as interim.

CMA CGM's US$820 million investment in Mombasa container terminals signifies a major shift in East African port dynamics

TGS has secured an eight-month 4D seismic streamer contract offshore Angola, set to begin in July 2026.

Baker Hughes extended its contract with Petrobras for integrated well construction services in Brazil's Santos Basin

CMA CGM is introducing a Port Congestion Surcharge for cargo bound for Abidjan due to ongoing port congestion

MISC Group's Q1 2026 revenue increased by 2.7% to RM2,891.4 million, driven by stronger freight rates.

Kalmar's Shanghai plant expansion boosts production capacity and efficiency for container handling equipment, including electric models

Ship operators struggle with diverse global biofouling regulations, creating compliance challenges and operational tensions.

G2 Ocean will expand its open hatch cargo services, incorporating new sustainability features to enhance environmental performance

The IMO has released a statement regarding the re-emergence of piracy in the western Indian Ocean and Gulf of Aden.

Canada is reportedly finalizing a deal to export liquefied natural gas to Germany from a new British Columbia facility.

The FMC collected a civil penalty from Maersk, which must also refund third parties and limit future detention billing

TMV has launched a $200 million fund to back technology startups innovating within the maritime sector

The dry bulk shipping market has seen a notable rise in sale and purchase transactions across different vessel segments.

The Union of Greek Shipowners' latest report underscores the Greek fleet's vital contribution to global trade and security

Shipping data from AXSMarine details Strait of Hormuz activity after a ceasefire, showing vessel traffic and operator willingness.

Rotterdam's biofuel discounts for B100 and LBM have decreased, influenced by EU ETS and FuelEU Maritime compliance costs.

Performance Shipping Inc. reported a net income of $10.2 million for Q1 2026, a decline from $29.4 million in Q1 2025

Global crude oil loadings decreased by 0.2% year-on-year in 2024 after a period of growth

MarineSolar Energy Solutions is conducting a pilot trial of its NanoDeck photovoltaic system on a Rio Tinto vessel.

El Niño's return in 2026 is forecast to affect Asian power demand, potentially altering freight market dynamics.