Commodity trader Mercuria is suing the Baltic Exchange, the world's top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz…
Vale plans to more than double its fleet of sail-equipped iron ore carriers, with the cost-saving technology to expand to at least 20 vessels within the next three years, easing the Brazilian miner's exposure to marine fuel price volatility…
'The Iran war and the resulting disruptions to ship transits through the Strait of Hormuz have increased uncertainty for both the global economy and the dry bulk market. Around 4% of dry bulk cargoes and tonne mile demand typically sail through the strait and at present…
Port Houston surpassed 1 million twenty-foot equivalent units (TEUs) in the first quarter of 2026, reaching 1,087,870 TEUs, up 2% over 2025’s record-breaking year. Total tonnage across Port Houston’s public facilities was up 5% in the first quarter…
The Port of Oakland handled 198,667 TEUs (twenty-foot containers) in March, up from 163,254 TEUs in February, as vessel calls and cargo activity returned to more typical levels.The Port recorded 86 vessel calls in March, compared to 72 in February…
The Baltic Exchange, which tracks and assesses freight rates, on Monday proposed amending its methodology on all Middle East benchmarks, citing the escalating geopolitical disruption in the Strait of Hormuz and the wider Middle East region,…
ZIM Integrated Shipping Services Ltd. announced that Mr. Eli Glickman, the President and Chief Executive Officer of the Company, informed the Board of Directors of his decision to depart from the Company. Mr.Glickman will continue to serve as…
Copper exports from Democratic Republic of Congo fell by 14.6% in the first quarter, slipping from exceptionally strong levels a year earlier, while cobalt shipments rebounded sharply after a months‑long freeze, according to shipping data seen by Reuters…
Shipping traffic around Belgium's Port of Antwerp has been partially halted because of an oil spill that has spread from one of the port's docks into the river Scheldt.Antwerp harbour typically handles 60 to 80 ships daily. A port spokesperson…
Grieg Maritime Group has signed a contract with GT Wings to install at least two of their AirWing20 on their fleet.Energy efficiency will be crucial for both climate action and commercial success going forward. Waiting for new fuels and new ships will not be enough to succeed…
DP World is enabling a more efficient supply chain between Japan and the Philippines for Japanese homebuilder Ichijo Komuten Co., Ltd. (“Ichijo”), by leveraging CMA CGM’s JP8 service linking Sendai and the Philippines. The service strengthens…
The future of shipbuilding and maritime competitiveness will be featured at the Maritime Risk Symposium 2026, hosted by the Institute for Homeland Security, Sam Houston State University. On June 2–3 at LyondellBasell Center for Petrochemical…
Bahrain has circulated a revised U.N. Security Council draft resolution on protecting commercial shipping in and around the Strait of Hormuz, retaining language authorising “all necessary means” but dropping an explicit reference to binding enforcement…
German shipping company Hapag-Lloyd is incurring additional costs of $40 million to $50 million per week due to the ongoing conflict in the Middle East, a burden described as 'not sustainable for a long time' by Chief Executive Rolf Habben Jansen on Thursday…