Ocean Freight

The U.S. merchandise trade deficit narrowed to $82.4 billion, a 3.4% reduction from the previous month, due to increased exports

Ocean Alliance has revised its CBX service again, reinstating Port Kelang and adding New York to the rotation.

Forwarders warn that recent spot rate recovery on transpacific and Asia-Europe routes could lead to sharper price increases.

Global disruptions are set to drive container freight rates higher in the coming weeks, benefiting ocean carriers.

Alkagesta, a global commodity trader, has completed its first crude oil transaction, sending one million barrels to the Far East

Baker Hughes extended two long-term contracts with Equinor for hydrocarbon production in the Norwegian North Sea.

Liebherr delivers an electric FCC 280 crane to Puerto Seguro Fluvial in Paraguay, enhancing container and heavy cargo capacity.

Shearwater GeoServices completed a 3D seismic survey offshore Nigeria for TotalEnergies and its partner.

Vuyk Engineering will design Jumbo Maritime's new L-Class heavy-lift transport vessels for offshore operations

India's Nhava Sheva Port is experiencing cargo handling delays and gate congestion at its largest terminal, BMCT

Hapag-Lloyd is applying a Peak Season Surcharge on cargo from the Far East to Latin America and the Caribbean, effective June 15, 2026.

Carnival Jubilee cruise ship successfully completed the first ship-to-ship LNG bunkering operation in Roatán, Honduras.

Christiania Energy has appointed Mazlum Unutmaz as a Specialist for Bunkers & Lubricants to bolster global operations.

Yang Ming's Q1 profits fell, but its fleet renewal plan continues, with high freight rates expected for Q2 and Q3

The Mission to Seafarers has launched its global welfare services in Greece, establishing a permanent presence to support seafarers.

Vessel transits through the Strait of Hormuz increased to 13 on May 26, including a Malaysian VLCC.

The IMO's Maritime Safety Committee has started discussions on potential revisions to the ISPS Code to enhance maritime security.

The Baltic Exchange released a new resource for Forward Freight Agreements to demystify freight derivatives and trading mechanics

Dalian Commodity Exchange iron ore futures rose 0.45% while port spot prices saw a slight increase of 3-5 RMB/ton.

Houston's bunker fuel market is experiencing tight availability and extended lead times due to strong demand and volatility.

New UK regulations prohibit Russian LNG maritime transport and tighten controls on UK-flagged vessels, impacting global shipping.

European ports advocate for an EU ETS revision to mitigate carbon and business leakage from diverted shipping routes.

Iron ore futures are poised for a monthly decline as global supply continues to outpace weakening demand conditions

US crude oil inventories fell less than expected, potentially impacting global oil and bunker fuel prices.

Progress in US-Iran deal talks has boosted global equities, but European markets lag, remaining below prior highs.

A reported 60-day US-Iran ceasefire extension offers temporary relief, though long-term geopolitical questions remain.

European Union exports to the US fell by 30% in Q1 2026, contributing to an overall decline in EU trade.

South Africa's TNPA signed a 25-year deal with Ukwanda LNG for an onshore regasification facility at Port of Ngqura

ICTSI's Melbourne terminal hosted an Australian and Philippine trade delegation to mark 80 years of bilateral relations

Families of Baltimore bridge collapse victims have settled with the Dali's owners and operators before the scheduled trial