Freightos Weekly Update: Ocean Shipping Rates Decline Amid Expanding Order Book

Tariff changes and trade agreements are yet to fully translate into freight market impacts due to implementation lags, while new sector-specific tariffs may...

OPEC-IEA Split Widens as India Diversifies and Tanker Earnings Surge

Brent swings between $61 and $80 before stabilising near $68. China import trends remain uncertain, with refiners shifting grades. India boosts Brazilian crude...

Scrapping Must Match 25 Years as Freight Rates Slide for 11th...

Freight rates fall for the 11th consecutive week, as demand weakens. Idle fleet hits 15-month high but charter market stays tight. October is...

ABS Certifies World’s Largest Classed Unmanned Surface Vehicle

ABS has granted classification to the Saildrone Surveyor, a 20-meter autonomous deepwater unmanned surface vehicle (USV). The Surveyor is the largest in Saildrone’s...

South Africa Tightens Offshore Ship Transfer Rules, Increases Fines to $13,424

South Africa has introduced new offshore ship-to-ship (STS) transfer regulations, imposing penalties of up to R2 million, five years’ imprisonment, or both for...

Fujairah Oil Stocks Rebound from 8-Month Low, Driven by Jet Fuel

Oil product inventories at the Port of Fujairah rose 3.3% in the week to August 25, led by a sharp 23% surge in...

UK Ports Navigate a Green Future with Major Investments and Shifting...

UK port traffic is expected to grow by 7.8% by 2050, reaching 453.5 million tonnes, driven by a major shift away from liquid bulk...

U.S. Coast Guard Deploys Two Polar Icebreakers to the Arctic for...

The United States Coast Guard has deployed two polar icebreakers, Healy and the recently acquired Storis, to the American Arctic for the first time...

Why the Global Bulk Carrier Fleet Is Aging Fast

The global bulk carrier fleet is experiencing a significant aging trend, with the average vessel age increasing from 8.6 years in 2018 to nearly...

Fueling the Fleet: How China’s Demand is Reshaping the VLCC Market

The VLCC (Very Large Crude Carrier) market saw a strong recovery in the last week of August, capping a robust month of growth. This...