Ocean Freight

Oil prices have risen above US$95/bbl due to increased US-Iran hostilities and Iranian missile launches in the Gulf.

US fuel oil production increased by 13% in August, while supply and imports decreased.

US natural gas futures climbed to $2.92/MMBtu due to hot weather increasing cooling demand and stronger LNG export activity

The Port of Gothenburg expects a second consecutive record year for rail freight, fueled by rising container traffic.

Inland Shipping B.V. has been declared bankrupt again by the Rotterdam court after a previous declaration was annulled

Höegh Autoliners is deploying PntGuard across its fleet to combat rising GPS jamming and GNSS spoofing navigation threats.

Shipping traffic through the Strait of Hormuz saw a notable reduction on Thursday, with only four commodity vessels transiting.

Windward Offshore has received its fourth Commissioning Service Operation Vessel (CSOV) from Vard, expanding its offshore wind fleet

Tetragon Energy has tripled its gas resource estimate for an offshore Philippines prospect to 8 tcf, boosting acreage value.

Valencia Port Authority has launched a tender for a new electrical substation to double power supply capacity

ORLEN and the Port of Gdynia Authority are collaborating to explore LNG and bioLNG as marine fuels.

Maersk Labrea will be the first container ship to receive a rotor sail, enhancing fuel efficiency

Hutchison Ports BEST has deployed two new STS container cranes at its Barcelona terminal, boosting capacity for large vessels.

Global shipping risk has risen to 8.3 due to concurrent crises in Hormuz, the Red Sea, and Black Sea, straining alternative routes

Deltamarin and ToepferTransport introduced a new 17,000 DWT multipurpose vessel design with 250-tonne cranes for project cargo

The Suez Canal is experiencing a rise in the size of container vessels transiting, rather than just an increase in total ship numbers

Port of HaminaKotka is installing a new shore power system at its Mussalo terminal, with ABB as the main contractor

Film-Ocean, a UK subsea contractor, has expanded its fleet with a new Remotely Operated Vehicle from SMD

Multiboxx has secured orders for about 200 8ft and 10ft single-phase mini-reefer containers for rental and cold storage.

ABS and Japan Blue Energy will collaborate on strategic studies for an 18 MW floating wind pilot project in Brazil

Panama has completed the acquisition of Petroterminal de Panama, an oil pipeline facilitating crude oil transfer for VLCCs.

Samsung has filed a $186 million complaint against CMA CGM in the US, citing Shipping Act violations from pandemic service failures.

Indian ship recyclers are making speculative bids for end-of-life vessels, risking losses amid intense competition.

South Korea is reviewing military options to support navigation in the Strait of Hormuz, denying reports of a deployment decision

Argentina's President Javier Milei will tighten sanctions on companies involved in Falkland Islands oil projects.

Autonomous shipping redefines human roles, moving operational control from vessels to shore-based teams with remote management

Everllence signed Long-Term Service Agreements with TT-Line for two new RoPax ferries being built in China

Turkish authorities are searching for ten missing crew members after a cargo ship sank off Istanbul following a collision

Dry bulk shipping from the Black Sea has seen a notable reduction in grain exports from Russia and Ukraine

Strait of Hormuz disruptions are prompting longer clean tanker routes and shuttle operations, while new vessel deliveries threaten a…