'By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted by higher newbuilding contracting throughout the 2020s and most recently by the highest quarterly crude tanker contracting in history,” says Filipe Gouveia…
India's shipping ministry has granted special permission to four vessels carrying Iranian oil - as requested by Reliance Industries - to berth at the western Indian port of Sikka, three industry sources said.India's oil ministry, shipping ministry…
The Australian Port of Newcastle has delivered its strongest diversified trade performance on record, with more than 11.12 million tonnes of non-coal cargo passing through the Port in 2025.This surpasses the previous record of 10.13 million tonnes set in 2021…
The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have met representatives from Gulf States to address the ongoing conflict and its direct impact on seafarers and shipping in the Gulf.The meeting…
In separate ad hoc meetings of the Gas Coordination Group and the Oil Coordination Group held on March 12, the Commission and EU countries assessed the situation concerning the EU’s gas and oil security of supply in view of the continued disruptions in the Middle East…
Angola's state oil company Sonangol is talking to Chinese financial institutions to secure a $4.8 billion loan to partly finance the construction of a new refinery in the Atlantic sea port of Lobito, it said on Wednesday.The financing, if completed…
U.S. diesel exports to Europe hit an all‑time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in Brazil, data showed and analysts said.The developments show how Western sanctions…
On behalf of the International Labour Organization, the International Chamber of Shipping, and International Transport Workers’ Federation:On the 20th anniversary of the Maritime Labour Convention, 2006, we jointly reaffirm our commitment to…
“Average spot rates are down this week across all main fronthaul trades out of the Far East. From Far East to US West Coast and US East Coast, it is a textbook market development with falling spot rates coinciding with a slight uptick in offered capacity…
Three Ukrainian brothers, including an eight-year-old, were killed near the eastern front line and a Russian drone attack killed one person and injured six others at one of Ukraine's Black Sea ports near Odesa, Ukrainian officials said on Friday…
The International Maritime Organization's Sub-Committee on Ship Design and Construction (SDC) held its 12th session at IMO Headquarters in London, January 19-23, and was chaired by Mr. Erik Tvedt (Denmark). Outcomes are summarized below:KEY…
HAROPA PORT’s operations were shaped by an unpredictable international environment, marked by the introduction of new US customs tariffs, the reshuffling of shipping line Alliances and strategies, and the normalization of routing via the Cape of Good Hope instead of the Suez Canal route…
The Port of New Orleans (Port NOLA) closed calendar year 2025 with 1,067,407 cruise passenger movements, marking the ninth year the port has exceeded one million annual passengers (excluding 2020 and 2021 due to COVID-19). Port NOLA’s sustained…
The core finding of DP World’s new Global Trade Observatory (GTO) Annual Outlook Report 2026 is that while global trade outlook looks fragile, business confidence does not. Ninety-four percent of respondents expect 2026 trade growth to match or exceed the pace of 2025…
'In 2025, seaborne coal shipments to China fell 10% as domestics supply increased and demand from steel manufacturing and electricity generation weakened. The decline affected shipments out of Indonesia, the US, Australia and Colombia in particular…
