Ocean Freight

Supramax dry bulk utilization held at 93.2% in Week 22, with Atlantic demand boosting rates despite Asian weakness.

Maersk flags tighter European logistics due to Rotterdam congestion, Middle East disruption, UK ETS costs, and new EU customs rules

Hengli Heavy Industry secured 25 new vessel orders from Greek shipowners, expanding its portfolio and indicating strong demand.

Maersk faces a $1.9 million fine from the FMC for unfair detention and demurrage charges, with more carrier investigations expected

Fincantieri's WASS and Magellan Aerospace have partnered to explore industrial cooperation for Canada's underwater defense.

More than 50% of new containership capacity added globally in the past year is now operating on Asia-Europe and Africa trades.

Diana Shipping is escalating its campaign to acquire Genco Shipping & Trading, appealing directly to shareholders.

Intra-Asia container rates have risen over 80% due to Middle East bottlenecks hindering vessel repositioning.

ATH Trading's 7,000 cbm bunker tanker, ATH Lemba, is back in operation along the Angolan coast after maintenance.

Kongsberg Maritime and DNV have partnered to enable secure exchange of operational vessel data between their digital platforms.

CMA CGM is introducing Peak Season Surcharges across multiple trade lanes, effective from June to July 2026

The European Commission approved a €25 million Spanish aid scheme for fishing companies facing increased fuel prices due to the Middle…

Wallenius Wilhelmsen has promoted Carsten Wendt to VP of Industrial Sales EMEA, reinforcing its commitment to the breakbulk segment.

GTT will design cryogenic tanks for a new 174,000 cubic meter LNG carrier ordered by a European shipowner.

Sonardyne and AMOG have partnered to advance subsea monitoring for floating offshore wind and oil and gas assets

DNV's new white paper highlights shore power's shift from voluntary environmental action to a key regulatory compliance factor

Spot freight rates and contract costs on transpacific and Asia-Europe trades have surged unexpectedly, surprising stakeholders.

MERC launched a new program combining research, pilot projects, and data management to reduce shipping emissions

Genco Shipping & Trading communicated with shareholders regarding its board's strategy for generating superior returns and enhancing value.

Shipping's biggest hurdle to decarbonization is the ability to deploy green fuels and technologies at scale, not their availability

Dalian iron ore futures declined, with port spot prices falling and overall market transactions remaining mediocre.

The UAE has become India's second-largest crude oil supplier in May, surpassing Saudi Arabia amidst Strait of Hormuz disruptions

BP expects a 4.7% rise in Tangguh LNG deliveries to Indonesia's domestic market, totaling 89 cargoes by 2026

Lloyd's Register expands digital services to help shipowners achieve integrated, commercially focused operating strategies and regulatory…

US crude oil inventories dropped sharply by 7.974 million barrels, surpassing forecasts and potentially impacting bunker fuel costs

New IACS cyber security rules for ships delivered after July 2024 raise concerns about operational resilience and cost management

LPG/ethane carriers comprised the majority of 36 alternative-fuelled vessel orders placed in May

The OPUS concept aims to industrialize offshore pile handling, reducing heavy-lift vessel dependence and optimizing installation cycles

COSCO Shipping Lines is launching a new direct container service, AEU7, linking Poland with key Asian markets.

ABB will supply electric power and propulsion systems for two new tugs operating at India's largest container port.