Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France, provides the framework for the development of a new $400 million multipurpose logistics terminal in Sohar…
In the first half of the year, the Port of Bilbao handled 17,317,427 tons of cargo, an increase of 1,893,980 tons and 12.3% up on the same period last year. This figure represents the highest year-on-year growth recorded at the start of a year for the last twenty-two years…
Shipping group Maersk said on Tuesday it had halted its service via Ukraine's Chornomorsk Fishing Port, an announcement made after Russia intensified its attacks on Kyiv's maritime export routes.Maersk is the second large company to stop operations…
The Houston Ship Channel region showed resilient trade activity, while Port Houston's public terminals recorded strong June container volumes and a moderate rebound for steel cargo.Key TakeawaysHouston Ship Channel region total trade increased 17% through May…
Russian steel billionaire Vladimir Lisin has sold a shipping firm operating in the Sea of Azov to companies affiliated with agricultural logistics group Demetra, four industry sources said, adding the deal was struck before Ukrainian drone attacks…
Container freight rates have continued to climb into July, with Drewry's World Container Index reaching $4,639 per forty-foot container on July 9, its highest level since September 2024, driven largely by rising rates on Asia-Europe trade routes…
“So far this year, crude tanker newbuilding contracting has reached 60m deadweight tonnes (DWT) across 234 ships, driven by a surge in orders for Very Large Crude Tankers (VLCCs). This already makes 2026 the year with the highest crude tanker contracting on record…
Shipping groups Maersk and Hapag-Lloyd will resume some sailings through the Suez Canal under their Gemini joint network, Maersk said on Monday, hitting shares of both companies because of the potential impact on freight rates.The Asia-Europe…
International Chamber of Shipping (ICS) Publications launches the sixth edition of Shipping and the Environment: A Guide to Environmental Compliance, offering an expanded and accessible overview of how shipping relates to environmental protection and global regulation…
Artificial intelligence and cloud-native technologies have moved from innovation projects to operational priorities for shipping companies, according to Fleetwork, following its participation in Posidonia 2026.The Greek maritime technology company…
Fertiliser shipments through the Strait of Hormuz have begun picking up following an interim deal to end the Iran war, data showed, though analysts say it will take time before they return to pre-conflict levels and provide relief to the market…
The maritime industry continues to improve its safety record, but the challenges confronting shipowners, operators, insurers and regulators have never been more complex.According to Allianz Commercial's Safety and Shipping Review 2026, global shipping losses remain near historic lows…
Oil tanker operators are reaping record profits after nearly doubling the hire cost of vessels going through the Strait of Hormuz and wider Gulf region this week on rising demand as traffic through the waterway slowly picks up, according to shipping data and sources…
The Board of the International Chamber of Shipping (ICS) has unanimously elected John Denholm CBE as Chairman of the Board.The decision was made by the ICS Board of Directors at the organization's Annual General Meeting, held at Palazzo Valentini in Rome…
DP World Cochin’s International Container Transshipment Terminal (ICTT) achieved its highest monthly throughput in May 2026 for CY2026, handling 77,637 twenty-foot equivalent units (TEUs). The milestone reflects the terminal’s growing role in…
