Freight Market Report 19/01-2026 Presented By IC Shipbrokers

US Mulls $1B Settlement for Abandoned Wind Farms

U.S. officials are drafting agreements to pay French oil major TotalEnergies TTEF.PAabout $1 billion in settlements due to the cancellation of leases for its wind farms in federal waters off New York

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Gecko Robotics inks $71m USN Deal

The U.S. Navy and GSA have awarded Gecko Robotics a five-year IDIQ contract with a $71 million ceiling to deploy artificial intelligence and robotics to assess and maintain the health of military assets.

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MoU for Newbuild Ammonia Bunkering Vessel Ops

Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd., and NYK Bulkship (Asia) Pte. Ltd. have entered into a memorandum of understanding (MoU) to jointly conduct a Front-End Engineering Design (FEED) study and explore the

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Philippines Rejects China's Claim to Sovereignty Over Entire South China Sea

The Philippines said on Monday it rejected Beijing's assertion of sovereignty over the entire South China Sea, disputing a claim by China's embassy that a Filipino diplomat had once conceded the disputed

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Japanese Consortium Plans Ammonia Bunkering Operations in Singapore

Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and NYK Bulkship (Asia) have entered into a memorandum of understanding (MoU) to jointly conduct a Front-End Engineering Design (FEED) study and explore the

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Volatility Challenges Ship Recyclers

As oil started to climb, freight followed suit, continuing to feed the already rising global inflation picture, while the U.S. Dollar wore the crown jewel of the week, rising notably against all

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SDSU, Samsung Heavy Industries Announce New Maritime Center

San Diego State University announced a partnership with Samsung Heavy Industries (SHI), a global leader in shipbuilding and offshore engineering, during a memorandum of understanding signing ceremony held on the university’s campus

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ABS Reflects on Technology, Innovation Growth in Southeast Asia

At the annual meeting of the ABS Southeast Asia Regional Committee, ABS Chairman and CEO John McDonald offered a message to maritime and offshore industry leaders from Singapore and across Southeast Asia.

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Sable Offshore Restarts Santa Ynez Pipeline After Trump Emergency Order

Sable Offshore on Monday said it had begun pumping oil on a long-disputed pipeline system linking the Santa Ynez offshore platform to California refineries after emergency orders from the Trump administration directing the restart.The restart…