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

Ukraine Says Underwater Drones Hit Submarine, Russia Denies Damage

Ukraine said on Monday it hit and disabled a Russian missile-carrying submarine docked at a Black Sea naval base using underwater sea drones for the first time, but Moscow denied the strike

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Seadrill Awarded Contract in the U.S. Gulf and Angola

Seadrill Limited has been awarded contracts for the West Neptune, Sevan Louisiana, and Sonangol Quenguela.In the U.S. Gulf, the West Neptune was awarded a contract with LLOG Exploration. The four-month program is

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Inflation and Steel Prices Impact Ship Recycling Markets

“Inflation is on the rise again, plate prices are collapsing in the wrong places, all while the U.S. dollar continues to rummage through the wreckage of 2025 for whatever it can suck

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Great Ships of 2025: R/V David Packard

In 2010, the Monterey Bay Aquarium Research Institute (MBARI) began the process of replacing its research vessel, R/V Western Flyer. With Glosten at their side as vessel designer, MBARI considered three types

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Renewable Propane Delivers Clean Energy Without the Wait

With lower emissions and proven reliability, it’s the ready-now solution for cleaner port operationsAs demand for cleaner energy grows, port authorities and terminal operators face the challenge of finding environmentally friendly options

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François Michel Appointed Chief Executive Officer of the GTT Group

The GTT Group announced the appointment of François Michel as Chief Executive Officer, effective January 5, 2026, thereby restoring a dissociated governance structure.This decision was taken unanimously by the Board of Directors

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PortXchange Wins Award for EmissionInsider Port Decarbonization Platform

PortXchange has won the European DIGITAL SME Award – Green Category, recognizing the company’s EmissionInsider platform as one of Europe’s leading digital solutions for port decarbonization. The win, following its selection as

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New on the Bookshelf: Famous Irish Mariners

Title: Famous Irish MarinersAuthor: Emma ByrnePublication date: September 22, 2025ISBN 9781788494922 PRICE €17.99/£15.99 HBFORMAT 196x129 mm EXTENT 176ppAlso available as an eBook.Ireland has a rich history of famous – and infamous –

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Jan De Nul Wraps Up Cable Installation Job for TenneT’s DolWin Platform

Belgian offshore contractor Jan De Nul has concluded the 2025 transport and installation campaign of three HVAC grid connection cables at TenneT’s DolWin kappa platform.When finalized, these cables will ensure the transport