Freight Market Report 10/12-2025 Presented By IC Shipbrokers

Oil Prices Fall to Lowest Since May Ahead of Possible Russia-Ukraine Peace Deal

Oil prices fell below $60 a barrel on Tuesday, the lowest since May, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased.Brent crude futures fell $1.03,

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Tocaro Blue Embeds Processing Software into Metal Shark HSMUSVs

Louisiana-based boat builder Metal Shark, a supplier for the US Armed Forces and allies, and Tocaro Blue, a developer of Al-powered marine sensor processing solutions, have announced a strategic collaboration to embed

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Italy Approves 2.4b Euro Investment in Frigates

Italy's government has asked parliament to approve a 2.4-billion-euro ($2.82 billion) investment over 15 years for the maintenance and modernisation of its frigate fleet, a parliamentary document seen by Reuters showed.The plan

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Western Bulk Buys Into Bulker Ownership Alongside Nordic Partners

Oslo-based dry bulk operator Western Bulk has re-entered ship ownership after acquiring a minority stake in a Kamsarmax vessel alongside a group of Norwegian partners, the company said on Tuesday.Western Bulk, together

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AYK Energy Signs Second Chemical Tanker Battery Deal with Spain’s Mureloil

Marine battery manufacturer AYK Energy has signed a second contract with Spanish ship owner Mureloil, extending the use of battery-supported diesel-electric propulsion into the chemical tanker segment.The agreement follows the installation of

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J-ENG to Develop Methanol-Fueled Engine

Japan Engine Corporation (J-ENG) has commenced development of the methanol-fueled engine, UEC50LSJM. Following the completion of its first ammonia-fueled engine, 7UEC50LSJA, in August of this year, J-ENG is also working on the development of

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Union Maritime’s Chemical Tanker Newbuilds to Sport Anemoi’s Rotor Sails

Anemoi Marine Technologies, the U.K.-based designer of Rotor Sails for wind-assisted ship propulsion, has signed a deal to install its Rotor Sails on two newbuild chemical tankers under construction for Union Maritime.The

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Morocco’s Marsa Maroc to Acquire 45% Stake in Spain’s Boluda Maritime Terminals

Morocco's leading port operator, Marsa Maroc, said on Tuesday it signed a deal to acquire a 45% stake in Spain's Boluda Maritime Terminals (BMT), a branch of Spain's Boluda Corporacion Maritima for

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EU Imposes More Sanctions on Oil Traders

The European Union adopted fresh sanctions against Russian oil interests on Monday, targeting traders Murtaza Lakhani and Etibar Eyyub for helping Moscow to circumvent Western sanctions on crude exports that help to