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…
Most Gulf equity markets closed lower on Thursday as little progress in US-Iran diplomacy and persistent risks to Strait of Hormuz shipping unsettled investors.Concerns mounted after Mohsen Rezaei, secretary of Iran's Supreme National Security Council…
Baltic Exchange announced that both SGX and European Energy Exchange (EEX) are now offering new Baltic Handysize futures contracts, providing market participants with dedicated tools to manage their exposure to the Atlantic and Pacific Handysize basin…
Trade activity across the Houston Ship Channel region showed strength across several key sectors, with energy exports driving regional tonnage growth and Port Houston seeing gains in steel and container imports.Crude oil exports through the Houston Ship Channel are up 40% this year…
Key findingsInternational media continue to report on container port congestion in Shanghai and Ningbo. Comparing schedule data received from 4 to 15 September 2026, HiFleet found that Shanghai calls were a key focus of service revisions by several liner operators…
Fratelli Cosulich Group announced the opening of Express Global Dubai, a new step in the international expansion of its freight forwarding activities and a further strengthening of the global presence of Cosulich Logistics.The opening of Express…
Danish shipping group Maersk said on Friday it had ordered 26 large container vessels as part of its ongoing fleet renewal program, with deliveries expected in 2029 and 2030.Maersk said in an emailed statement the vessels will have a capacity of 18…