-
Business
Pan Ocean Secures $1.62 Billion Crude Oil Transportation Contract Through 2049
South Korean shipping company Pan Ocean has entered into a long-term crude oil transportation agreement with SK Energy and SK Incheon Petrochem valued at approximately $1.62 billion. The contract will provide long-term employment for...
Business
Fast Offshore Supply Acquisition Opens New Revenue Stream for Wintermar
Indonesian shipping company Wintermar Offshore Marine Group has completed the acquisition of the remaining stakes in Singapore-based Fast Offshore Supply (FOS) and its Indonesian subsidiary, PT Fast Offshore Indonesia (FOI), securing full ownership of...
Business
Bosch Prepares Major Workforce Cuts in Automotive Division
German technology giant Bosch has confirmed that workforce reductions in its automotive business will continue over the coming years. As early as 2025, German media reported plans to cut a “five-digit number” of jobs...
Business
Austria Commits €19.5 Billion to Rail Infrastructure Through 2032
Austria continues to reinforce its position as one of Europe’s leading investors in railway infrastructure. In mid-June 2026, the federal government approved the new ÖBB Framework Plan for 2027–2032, which provides around €19.5 billion...
Business
Container Freight Rates Reach Highest Level in 18 Months
As of June 18, 2026, Drewry’s World Container Index climbed to $3,969 per 40-foot container, up 12% from the previous week and 21% higher than the same period a year earlier.
Analysts attribute the increase...
International trade
Ukraine Upgrades Four Border Crossings with Moldova
Ukraine’s Ministry for Communities and Territories Development has announced the completion of modernization works at four international border crossing points that connect the country with the Republic of Moldova. The upgrades are part of...
International trade
Don Davis to Lead the Oil Companies International Marine Forum
The Oil Companies International Marine Forum (OCIMF) has announced the appointment of Don Davis as its new Managing Director. He will take up the position on July 1, 2026, succeeding Karen Davis, who will...
Business
Hanwha Ocean may join construction of $15.7bn FLNG project
Hanwha Ocean has entered into an MoU with Kanata Clean Power & Climate Technologies to explore potential cooperation on the proposed Kanata FLNG project in Prince Rupert, British Columbia.
According to preliminary estimates, the Kanata...