Ocean Freight

Indian Coast Guard and Navy are searching for 22 missing crew after a Panama-flagged bulk carrier sank off the eastern coast

Ukraine's proposal for a Black Sea shipping truce for agricultural exports was reportedly rejected by Russia

HGK Group is developing a new 27,000 sqm trimodal logistics facility at the Port of Hamburg, set to open in 2028

Russia plans measures like crop procurement and preferential loans to support grain producers amid export disruptions

Indian authorities launched a rescue operation for a Panama-flagged bulk carrier that sank off the east coast

Excelerate Energy's FSRU in Maheshkhali, Bangladesh, has restarted gas supply after a three-day interruption

Port Houston's container volume growth slowed to 1% through July, following an earlier surge due to accelerated imports.

The Baltic Dry Index saw a 1.8% increase on Friday, yet still recorded a weekly loss due to earlier declines

Effective representation at the IMO relies on preparation, regular contact, and clear communication before delegates enter committee rooms

The new BBNJ Agreement, now in force, sets global rules for marine biodiversity protection in international waters.

Cavotec will deliver India's first automated vacuum mooring system to Jawaharlal Nehru Port, valued at EUR 5 million.

Odfjell SE reported substantially higher financial results for Q2 2026, attributed to increased earnings and fleet capacity.

The crude tanker market shows a divergence, with VLCCs struggling while Suezmax and Aframax segments perform better.

India's ship recycling market remains positive, driven by ongoing buyer interest for available tonnage.

Stena Line implements substantial pay raises for seafarers, aiming to boost retention and acknowledge professional expertise

Bremen and Bremerhaven ports recorded a 5.9% increase in seaborne cargo throughput and a 5.7% rise in container handling.

VLCC tanker rates rose sharply this week due to deferred West Africa cargoes and strong demand from Brazil and the US Gulf

The New ConTex index for container ship time charter rates rose by 0.4% last week, signaling continued market strength.

Jierui Shipping's Capesize vessel "Jian Fa" has been chartered to an undisclosed party, with surveys due in 2027 and 2029

Pakistani oil refineries received regulatory approval to export around 185,000 metric tons of fuel oil in August.

Xeneta's update reveals cost benefits for shippers moving container imports from the US East Coast to the US West Coast.

NewNew Shipping Line has completed its first container delivery to Murmansk using the Northern Sea Route, boosting its Arctic presence

ARC Group has secured a FEMA contract to provide national cross-dock and incident base support for disaster relief.

German companies have recovered nearly €800 million in US import tariffs, with DHL receiving over €400 million

HydroComp released PropCad 2026, enhancing tools for marine propeller design, manufacturing, and research with improved CAD import

A fishing fleet is under US sanctions for allegedly smuggling cocaine to Mexico, destined for the US market

Piracy incidents off Somalia are increasing as naval forces are stretched thin by other global conflicts.

Ukraine reports Russia attacked 52 civilian vessels in the Black Sea during July and the first half of August.

Russian Urals crude oil is now trading at a premium for Indian deliveries due to strong Asian demand and tighter export availability

The U.S. will temporarily lift tariffs on 300,000 metric tons of ground beef for 90 days to lower prices