Ocean Freight

Chinese refiners are prioritizing crude cost control over import volume to boost revenue after export restrictions were eased

Soybean futures are trading near three-year highs, fueled by strong Chinese demand and expectations of increased purchases.

The EU reaffirms its commitment to sanctions against Russia, targeting military and financial entities despite rising energy prices

Equinor plans to boost its LNG supply to 10-15 million tons annually by early 2030s, targeting European and Asian demand

Asian refiners are prioritizing Omani crude due to Strait of Hormuz shipping risks, enhancing supply security

Chinese steel mills have boosted iron ore inventories by 5.89% to 78.61 million metric tons, reversing a lean inventory trend

Moderating oil prices have reduced the US dollar's momentum, with energy markets anticipating clarity from US-Gulf State talks

Japan Engine completed land-based tests of a hydrogen engine for large commercial vessels, cutting GHG emissions by over 95%

NEOM Port confirms its Terminal 1 container facility will open this year, aiming to capture cargo diverted from the Strait of Hormuz

NEOM Port's Terminal 1 container facility is expected to open this year, potentially offering an alternative for Red Sea cargo

Azane Fuel Solutions has partnered with Yara Norge to secure ammonia supply for its marine fuel activities, supporting low-emission…

US maritime revival efforts face challenges without stronger cargo demand, despite new legislative initiatives.

Bulker transits through the Panama Canal dropped 22% as tankers compete for slots due to increased US energy exports to Asia

ABS has approved Hanwha Ocean's new fuel tank and gas supply system, enabling LNG carriers to transition to ammonia fuel.

GEODIS has opened a new freight forwarding office in the Philippines to support growing customer supply chain needs.

Drought conditions in the Ghent-Terneuzen Canal are causing millions of euros in damages to businesses, according to North Sea Port CEO…

The world's first ship-to-ship ammonia bunkering has been completed in Japan by an NYK-led consortium

Miners are adopting high-capacity self-unloading vessels to navigate logistical challenges in remote locations.

DP World Southampton is re-aligning its rail incentive program to prioritize performance of freight operators from October 1.

Port of the Future Week emphasized a strategic shift from technology pilot projects to full-scale deployment, focusing on scaling and…

CU Lines has ordered its first container ship over 10,000 TEU, a 14,000 TEU vessel from Hudong-Zhonghua shipyard

An analysis of how Iranian attacks on commercial shipping in the Strait of Hormuz have evolved during the conflict.

A second seafarer from the Hercules Star bunker tanker has been confirmed dead after an attack off the UAE coast

US Coast Guard and FBI investigated suspected cyber breaches on two commercial vessels in the Gulf of Mexico

Newbuilding orders continue at a strong pace, with Chinese yards dominating contracts and tanker activity leading the way

Engine choices made today will significantly influence shipping's fuel pathways and consumption through 2050.

The Baltic Dry Index (BDI) saw a 0.3% increase to 3,336 points, breaking a five-day decline.

Bunker fuel availability in North America is tight, with extended lead times for various fuel types in the US Gulf Coast.

Auxiliary engine overspeed events on vessels lead to significant financial costs, averaging $250,000 for repairs and parts

Tanker crews performing rigorous self-inspections before SIRE 2.0 audits are achieving better compliance results.