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South Korean shipowner Pan Ocean has stepped up its expansion in the crude tanker market with an order for four very large crude carriers (VLCCs), extending a steady shift beyond its traditional dry bulk roots. The Harim Group-controlled company disclosed in a stock exchange filing that it plans to invest KRW783.4bn ($525m) in the quartet …
https://splash247.com/pan-ocean-expands-crude-tanker-push-with-four-vlcc-newbuilds/
https://splash247.com/pan-ocean-expands-crude-tanker-push-with-four-vlcc-newbuilds/The Federal Maritime Commission is seeking applications for new members for the National Shipper Advisory Committee (NSAC).NSAC is a federal advisory committee that provides information, insight, and expertise pertaining to conditions in the ocean freight delivery system to the Commission.
https://www.marinelink.com/news/fmc-opens-applications-new-nsac-members-539218
https://www.marinelink.com/news/fmc-opens-applications-new-nsac-members-539218Malaysia's defence minister said on Thursday the country planned to claim compensation and was considering legal action over Norway's decision to revoke export approvals for a naval strike missile (NSM) system intended for Malaysian combat ships.In an escalating diplomatic row…
https://www.marinelink.com/news/malaysia-seeks-compensation-scrapped-539219
https://www.marinelink.com/news/malaysia-seeks-compensation-scrapped-539219U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation.Import prices increased 1.9% last month after an upwardly revised 0.9% rise in March…
https://www.marinelink.com/news/us-import-costs-rise-april-fuel-sees-539220
https://www.marinelink.com/news/us-import-costs-rise-april-fuel-sees-539220India said on Thursday that an Indian-flagged wooden cargo vessel had sunk while sailing through Omani waters following a fire from a suspected drone or missile strike.The vessel is the second to have been sunk in the region since the Iran conflict began on February 28.
https://www.marinelink.com/news/indiaflagged-cargo-vessel-sinks-off-coast-539221
https://www.marinelink.com/news/indiaflagged-cargo-vessel-sinks-off-coast-539221A ship was reported seized by Iranian personnel off the United Arab Emirates and headed for Iranian waters on Thursday while the White House said U.S. President Donald Trump and Chinese President Xi Jinping had agreed on the need to keep the…
https://www.marinelink.com/news/ship-seized-iran-off-uae-trump-discusses-539229
https://www.marinelink.com/news/ship-seized-iran-off-uae-trump-discusses-539229Pilbara Ports delivered a total monthly throughput of 65.9 million tonnes (Mt) during April 2026. This was a two per cent increase compared to April 2025. The Port of Port Hedland achieved a monthly throughput of 47Mt, of which 46.3Mt was iron ore exports. This was a decrease of one per cent compared to April ...
https://www.hellenicshippingnews.com/port-hedland-iron-ore-exports-marginally-lower-in-april/
https://www.hellenicshippingnews.com/port-hedland-iron-ore-exports-marginally-lower-in-april/The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose about 0.2% to its highest since December 5 at 3,195 points. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, advanced 2% to 2,503 points; and the supramax index increased by 0.3% to ...
https://www.hellenicshippingnews.com/baltic-dry-index-hits-over-5-month-high/
https://www.hellenicshippingnews.com/baltic-dry-index-hits-over-5-month-high/Indonesia–China coal trade weakness is negatively impacting Panamax tonne-mile demand, particularly on northern discharge routes. Key Takeaways The decline in Indonesian coal exports to China is becoming increasingly evident. La Niña-related rainfall disruptions appear to have had only a limited impact on export volumes. All data and commentary reflect market conditions as of [ 13 ...
https://www.hellenicshippingnews.com/weekly-dry-market-monitor-weak-indonesian-coal-exports-pressure-panamax-tonne-days/The story so far in 2026 has been quite a positive one for the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that “the first four months of 2026 have delivered an unambiguous message from the dry bulk freight market: the sharp correction that defined most of 2025 is firmly behind us, ...
https://www.hellenicshippingnews.com/dry-bulk-market-returns-to-path-of-growth/
https://www.hellenicshippingnews.com/dry-bulk-market-returns-to-path-of-growth/