Ocean Freight

VLCC tanker rates showed mixed trends, with gains on some eastbound routes and declines on westbound voyages.

The maritime industry's shift to alternative fuels for decarbonization introduces new safety risks requiring updated protocols

Container shipping rates from East Asia to the US have risen to mid-2022 highs due to global port congestion

Record VLCC newbuilding orders are raising concerns about a future oversupply in the tanker market by 2028-2029

Rotterdam's biofuel bunker prices are climbing due to expensive feedstock, even as conventional fuel costs decline.

Drewry's Intra-Asia Container Index (IACI) saw a 10% increase to $1,199 per 40ft container last week

South Korea has extended its naphtha export restrictions for five months due to Middle East geopolitical uncertainties

South Korea is developing new regulations to facilitate green shipping corridors and grow its alternative-fuel vessel fleet

Iranian trade has fallen sharply due to U.S. sanctions and a naval blockade, with exports and imports down significantly.

The UK ETS now applies to domestic shipping, adding regulatory complexity for maritime operators.

India plans to expand its merchant fleet by 100 vessels over five years, addressing an ageing fleet through new builds and reflagging

Fossil fuel importers faced an estimated $330 billion in additional costs for seaborne crude oil, oil products, and LNG.

DP World introduces new Express LCL ocean freight services for faster, more reliable cargo movement between Asia, Europe, and North America

NatPower Marine backs the UK's net-zero port strategy, emphasizing shore power, electric equipment, and cleaner fuels for decarbonization

Southeast Asia's coal demand is forecast to surge to 900 million tons by 2030, fueled by economic and industrial growth

The Panama Canal Authority is temporarily adjusting Neopanamax booking rules to offer carriers greater flexibility for transit slots

Early engagement with driveline experts is crucial for successful commercial vessel design, ensuring optimal performance and meeting owner…

A Memorandum of Understanding has been signed to develop a green methanol supply chain for shipping in South Korea.

Romanian authorities are investigating the sinking of a cargo ship in the Black Sea after it caught fire, possibly due to a hit.

Smyril Line has taken delivery of Skipanes, boosting its North Atlantic RoRo freight capacity and preparing for lower emissions.

MARAD is activating the SUNY Maritime College training ship Empire State VII for a 170-day federal mission

Global seaborne iron ore trade increased by 3.5% in 2025, with Australia's exports rising by 4.2%.

The Baltic Dry Index rose 2.5% to 3,186, extending its winning streak to seven sessions and reaching a multi-month high.

Maritime leaders increasingly view Asia, especially China, as the dominant force shaping the future of international shipping.

The Drewry World Container Index (WCI) recorded a 1% drop last week, signaling a minor adjustment in global container freight rates

The IMO has highlighted the persistent uncertainty for seafarers in the Persian Gulf due to ongoing conflict and attacks.

Governments are pursuing different strategies to finance the transition to green shipping fuels and vessels.

A High Court ruling found that an LNG charterparty's bespoke hire formula did not trigger additional payments despite market changes.

Washington expanded its economic sanctions against Iran, directly impacting the shipping and ship recycling industries.

The New ConTex container ship time charter index increased by 7 points this week, reaching 1,629 points