1. Scorpio Tankers resumes Persian Gulf transit, LR2 to deliver jet fuel to Europe for $10 million
Scorpio Tankers has resumed sending vessels through the Persian Gulf after shipping conditions in the Strait of Hormuz began stabilising following recent geopolitical tensions. An LR2 tanker is now set to transport jet fuel cargoes to Europe under a fixture reportedly valued at around $10 million.
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2. Surge in Asia-US container rates continues, tanker rates fall as Strait of Hormuz transits rise
Container freight rates between Asia and the United States continue climbing amid strong demand and capacity pressures on major trade routes. At the same time, tanker freight earnings have started declining as more ships return to the Strait of Hormuz and traffic volumes recover.
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3. South Korean ships in Hormuz fall to five
The number of South Korean vessels remaining in the Strait of Hormuz region has fallen to five as maritime risks gradually ease. Authorities and shipping companies continue monitoring security developments closely while restoring normal trading operations.
https://cyprusshippingnews.com/2026/07/02/south-korean-ships-in-hormuz-fall-to-five/
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4. CMA CGM buys FedEx logistics arm in $1.4bn US push
CMA CGM has agreed to acquire a FedEx logistics business unit in a deal valued at approximately $1.4bn. The acquisition strengthens the French shipping giant’s position in the United States logistics and supply chain market.
https://splash247.com/cma-cgm-buys-fedex-logistics-arm-in-1-4bn-us-push/
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5. Norwegian firm scores OM deal for Poland’s first offshore wind farm
A Norwegian company has secured an operations and maintenance contract connected to Poland’s first offshore wind farm project. The agreement marks another important step in the rapid expansion of offshore renewable energy infrastructure in the Baltic region.
https://splash247.com/norwegian-firm-scores-om-deal-for-polands-first-offshore-wind-farm/
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6. VLCC market adapts as Hormuz closure reshapes global crude flows
The VLCC market is adjusting to significant changes in global oil transportation patterns caused by the temporary disruption around the Strait of Hormuz. Shipowners and charterers are reshaping trading strategies as crude cargoes move along alternative routes.
https://splash247.com/vlcc-market-adapts-as-hormuz-closure-reshapes-global-crude-flows/
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7. US and Iran enter technical talks to secure peace deal, shipping restart
The United States and Iran have entered technical discussions aimed at supporting a broader peace agreement and restoring maritime trade activity in the region. Shipping markets are closely watching the negotiations as operators seek greater stability for Gulf transits.
https://gcaptain.com/us-and-iran-enter-technical-talks-to-secure-peace-deal-shipping-restart/
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8. Lawmakers reintroduce $10 billion bill to advance clean shipping in the U.S.
US lawmakers have reintroduced legislation proposing $10 billion in funding to support cleaner maritime technologies and infrastructure. The bill aims to accelerate decarbonisation efforts across the American shipping industry.
https://gcaptain.com/lawmakers-reintroduce-10-billion-bill-to-advance-clean-shipping-in-the-u-s/
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9. AYK Energy to boost Grimaldi’s ro-pax fleet with marine battery systems
AYK Energy will supply advanced marine battery systems for vessels operated by the Grimaldi Group’s ro-pax fleet. The project supports the shipping company’s efforts to improve energy efficiency and reduce emissions.
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10. WinGD to equip Dynacom’s VLCC newbuilds with fuel-efficient engine
WinGD has secured a contract to provide fuel-efficient engines for Dynacom’s new VLCC vessels currently under construction. The agreement highlights continued investment in technologies aimed at lowering fuel consumption and emissions in tanker shipping.