Qatar Gas Transport Company (Nakilat) has named nine new gas carriers at three South Korean shipyards, marking progress in its fleet expansion programs aimed at increasing LNG transportation capacity and diversifying into LPG/ammonia shipping…
Boluda Shipping and Samskip have signed an agreement under which Boluda Shipping will acquire Samskip. The acquisition will pave the way for Europe’s most comprehensive short-sea shipping network, connecting Northern Europe with the Iberian Peninsula…
Global commodity prices are set to surge 23% in 2026, the World Bank said on Wednesday, citing rising energy prices and disruptions to cargo shipping during the Middle East war, grain shipment problems in the Black Sea and high demand for safe-haven assets such as gold…
The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian shipping company Color Line, subject to regulatory approval. The transaction will bring together two companies…
Shipping through Romania's Black Sea port of Constanta was stable and grain exports had increased by end-September, the port authority said, despite a spike in marine insurance premiums driven by increased attacks on cargo vessels.In September…
The cost of shipping oil on the largest tankers fell this week from record highs as demand eased following a wave of attacks on vessels in the Middle East and as the US considered easing sanctions on the so-called shadow fleet.Freight rates for supertankers…
The jump to record highs in the cost of shipping oil in supertankers is squeezing profit margins for Asian oil refiners, who are heavily dependent on Middle Eastern crude, the International Energy Agency said in a monthly report.Asian oil refiners…
JPMorganChase has added two senior leaders to support shipbuilding and maritime efforts within its Security and Resiliency Initiative (SRI), the firm's $1.5 trillion, 10-year effort focused on strengthening industries critical to economic and national security…
After investigating reports of restrictive port practices by the Government of Spain, the Federal Maritime Commission (FMC) has determined that Spain has created unfavorable shipping conditions against U.S.-flagged vessels. As a result, the…
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines and fell to a more than seven-week low on Monday due to lower demand for capesize vessels.The main Baltic index, which tracks rates for capesize…
Windward publishes quarterly intelligence reports tracking developments across global shipping.From the Q3 report:Four navies struck merchant ships, including Iran, Russia, Ukraine, and the United States.Iranian attacks in the Middle East Gulf doubled to 45…
Transit routes in the Strait of Hormuz deemed illegal by Iran will soon be closed, an adviser to the Revolutionary Guards' Commander told the semi-official Fars News Agency on Wednesday, referring to the southern pathway hugging Oman's coast…
Hapag-Lloyd on Tuesday urged Israeli authorities to review improved terms in the company's $4.2 billion bid for ZIM Integrated Shipping Services.Israel's finance ministry had said on Monday that the deal should not be approved, but the German…
The Panama Canal Authority said on Monday it will increase daily booking slots at its Neopanamax locks from 9 to 10 starting October 15, supported by 'improving water conditions and favorable hydrological projections', raising total daily capacity to 33 transit slots across all locks…