Hormuz transits fall 52 per cent amid rising tanker risk
Transits through the Strait of Hormuz fell 52 per cent week-on-week, according to Lloyd’s List Intelligence’s latest Weekly Maritime Risk Briefing. Outbound journeys were down 46 per cent, while inbound...
Medov Group acquires 22 per cent stake in Riviera Marine
Medov Group has acquired a 22 per cent stake in Riviera Marine SAM, a Monaco-based independent operator in bunker trading and the global supply of marine fuels and lubricants. The...
CMA CGM revenue jumps 19 per cent despite Middle East risk
CMA CGM Group reported revenue of $15.7 billion for the second quarter of 2026, up 19.2 per cent year-on-year (YoY). EBITDA reached $3.0 billion, an increase of 31 per cent,...
Maersk introduces fuel fee on Landside Transport
A.P. Moller – Maersk (Maersk) has introduced a new Intermodal Fuel Fee (EFS/IFS) on Landside Transportation, as Middle East-driven energy prices continue to strain global logistics markets. The carrier said...
ONE revises fuel surcharge across global trade lanes
Ocean Network Express (ONE) has confirmed a revision to its Emergency Fuel Surcharge (EFS), updating rates across long-haul and short sea trades from 15 August 2026, in the carrier’s second...
Xeneta sees freight rate peak amid Hormuz disruption
Spot rates on major ocean container shipping trades from the Far East to the US and Europe have softened this week, according to the latest Xeneta Weekly Ocean Container Shipping...
IMF cuts global trade growth forecast to 3.5 per cent for 2026
The International Monetary Fund (IMF), in its July 2026 update to the World Economic Outlook (WEO) report, has projected a sharp deceleration in global trade volume growth, falling from 5.0...
OOCL posts strong Q2 revenue growth across trades
Orient Overseas Container Line (OOCL) delivered a 19.8 per cent rise in liner revenue to $2.53 billion for the second quarter ended 30 June 2026. Total liftings for the quarter...
Maersk, Hapag-Lloyd add Jeddah to Suez-Bound service
A.P. Moller-Maersk (Maersk) and Hapag-Lloyd, partners in the Gemini Cooperation, have confirmed that a call at Jeddah will be added to the AE15 service’s rotation from August. The addition follows...
Xeneta Weekly Ocean Container Shipping Market Update provides the latest freight rate and capacity movements across global trades, with analysis from Peter Sand, Chief Analyst, Xeneta. As of 10 July...
ZIM launches New Falcon service to South America
ZIM Integrated Shipping Services (ZIM) has announced the launch of a new service connecting Asia and East Coast South America, named ZIM Falcon Service (ZFS). Operated exclusively by ZIM, the...
Maersk procures India’s first made-in-India container
A.P. Moller – Maersk (Maersk) has become the first international shipping line to procure an export-import (EXIM) shipping container manufactured in India. The container was unveiled at the Maersk and...
