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News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

Container Lines Raise Rates, Add Brazil Stop, Speed Up Suez Return for Faster India‑US Transit

Container Lines Raise Rates, Add Brazil Stop, Speed Up Suez Return for Faster India‑US Transit

CMA CGM and Maersk hike rates on key lanes, MSC and Maersk add Suape, Brazil to their service, and carriers resume Suez routing, cutting India‑Savannah transit by up to two weeks.

19/10/2026
English Court Clarifies Time Bar Limits for Maritime Security Proceedings

English Court Clarifies Time Bar Limits for Maritime Security Proceedings

The UK Court of Appeal ruled that vessel arrest for security does not satisfy the one‑year suit requirement under Article III‑6 of the Hague‑Visby Rules.

19/10/2026
Learning from 2026 Peak Season: Schedule Adherence Drops and Port Congestion Rises

Learning from 2026 Peak Season: Schedule Adherence Drops and Port Congestion Rises

Schedule reliability on Asia‑Europe routes fell to record lows in 2026, while Shanghai berth delays surged, prompting shippers to add buffer time.

19/10/2026
September Surge Pushes Dirty Tanker Spot Rates Near Doubling Across All Classes

September Surge Pushes Dirty Tanker Spot Rates Near Doubling Across All Classes

Spot freight rates for VLCCs, Suezmax and Aframax surged in September, with VLCCs almost doubling and some routes tripling due to tight supply.

18/10/2026
Carriers Double Red Sea Capacity in Six Weeks, Impacting 2027 Freight Market

Carriers Double Red Sea Capacity in Six Weeks, Impacting 2027 Freight Market

Container carriers have doubled offered Red Sea capacity in six weeks, a shift set to relieve global fleet pressure and influence freight rates into 2027.

18/10/2026
UK Ports Contest EU Carbon‑Evasion Claims Amid Surge in Container Capacity

UK Ports Contest EU Carbon‑Evasion Claims Amid Surge in Container Capacity

British ports dispute EU’s view that container traffic shifts to the UK to dodge carbon charges, highlighting new capacity and market dynamics.

18/10/2026
Equinor Extends Odfjell Drilling’s Deepsea Atlantic Contract to Late 2027

Equinor Extends Odfjell Drilling’s Deepsea Atlantic Contract to Late 2027

Equinor has exercised options for two more wells, keeping Odfjell Drilling’s Deepsea Atlantic semisubmersible engaged through Q4 2027, with further extensions possible.

17/10/2026
HMM Approves $1.62bn for 12 New Containerships, Boosting Fleet to 166 Vessels by 2030

HMM Approves $1.62bn for 12 New Containerships, Boosting Fleet to 166 Vessels by 2030

South Korea's HMM greenlights a $1.62bn spend on 12 vessels, adding 114,100 TEU and targeting a 166‑ship, 1.47m TEU fleet by 2030.

17/10/2026
West Africa's Mineral Boom Set to Drive Massive Capesize Demand by 2030

West Africa's Mineral Boom Set to Drive Massive Capesize Demand by 2030

West Africa's iron ore surge could need 330 capesizes by 2030, reshaping long‑haul dry bulk markets.

17/10/2026
Global Shipping Faces New Threats from Missile Risks and Market Shifts

Global Shipping Faces New Threats from Missile Risks and Market Shifts

Missile threats in Hormuz and the Black Sea, potential US sanction relief for shadow tankers, and major M&A moves reshape freight rates and fleet strategies.

16/10/2026
European Automakers Face Heightened Pressure as Chinese Competition Accelerates

European Automakers Face Heightened Pressure as Chinese Competition Accelerates

European car makers grapple with Chinese rivals, prompting calls for flexible regulations and incentives to protect local production and supply chains.

16/10/2026
Cyprus Extends Zero VAT on Essentials, Prices Drop 5% in Early Survey

Cyprus Extends Zero VAT on Essentials, Prices Drop 5% in Early Survey

A consumer protection survey shows a 5% price cut on key staples after Cyprus widened its zero‑VAT scheme to bread, milk, coffee, sugar and baby food.

16/10/2026

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