LATEST ARTICLES

Icebreaker Pact Strengthened by Trilateral Cooperation

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The Public Services and Procurement Canada announced that on 18 November 2025, Canada, Finland, and the United States signed a Joint Statement of Intent (JSOI) to advance their Icebreaker Collaboration Effort (ICE Pact). What the...
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Major Expansion Planned to Boost Capacity at Peru’s Key Pacific Gateway

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Two-year project to lift capacity to 24,000 containers. New direct routes from China and South Korea cut transit to 23 days. Strong demand driven by Asian e-commerce shipments. A major global terminal operator is...
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Port & Shipping Equities Show Mixed Momentum as Market Divergence Widens

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Drewry Maritime Financial Research reports that global port and shipping equities closed the week of 14 November 2025 with a mix of gains and pullbacks across segments, reflecting shifting trade flows, freight dynamics, and...
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Major Newbuild Deal Boosts Korean Yard’s 2025 Orderbook

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Korean builder wins $1.3bn order for seven boxships. Deliveries to run through late 2029. Annual order tally reaches $6.9bn with 39 vessels booked. A prominent shipbuilder from Korea has just inked a massive contract...
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Sanctions Pressure Pushes Russian Oil Liftings Down and Shadow Fleet Demand Up

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Tanker demand rises despite export losses. Floating storage surges as buyers hesitate. Loss of European tonnage tightens vessel availability. Russian crude liftings have plummeted by 40% following the announcements of US sanctions, as buyers...
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Mixed Movements Keep Global Box Rates Stable

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Transpacific rates fall for second straight week. Asia–Europe rates rise for sixth consecutive week. Carriers plan higher FAK rates from 1 December. The Drewry World Container Index held steady this week at $1,852 for...
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Tanker Held Under Sheriff’s Arrest Off Singapore

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Arrest executed through maritime law specialists. Previous abandonment case noted in India. Operators silent on reasons for latest detention. A Liberian-flagged chemical and oil products tanker has been placed under sheriff’s arrest off the...
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Transpacific Ocean Rates Slide; Asia-Europe Freight Holds Steady

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The team at Freightos reports that while carriers attempted General Rate Increases (GRIs) in October and early November, the underlying fundamentals of maritime trade continue to challenge the rate environment. On the major east-west...
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Cape of Good Hope Becomes Preferred Route for Panamaxes

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Market analysts report that China’s move to reinstate soybean import licences for three US companies from 10 November marks another incremental step toward conditions resembling the pre-tariff era. The decision follows last month’s high-level discussions...
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Turbulence in the Black Sea: What’s Driving It?

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According to Intermodal Senior Analyst Nikos Tagoulis, Ukraine employed a coordinated strategy using cruise missiles and strike drones to hit oil-loading facilities at Novorossiysk, briefly suspending operations there. The assault also impacted the neighboring...
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