Egypt launches a three-year long-term procurement plan, aiming to import up to 18 LNG cargoes per month

Recently, according to a report by Reuters, Egypt is in negotiations with Shell, BP, TotalEnergies, and Hartree Partners to secure 15 to 18 cargoes of liquefied natural gas (LNG) per month for at least the next three years.

Japan finalizes $510 million port infrastructure plan to upgrade facilities and equipment at 73 ports

The Japanese Ministry of Land, Infrastructure, Transport and Tourism has announced that the Cabinet has officially approved a total port infrastructure development plan worth 76.24 billion yen (approximately US$510 million) for fiscal year 2026. The funds will be allocated to 73 ports nationwide for the procurement of cargo handling equipment, construction of transit warehouses, and consolidation of wharf operating areas and port-adjacent industrial land.

Indian domestic cruise company Antara Cruises will invest $52 million to expand its inland river cruise fleet.

​Indian domestic cruise company Antara Cruises recently announced an investment of INR 50 billion (approximately USD 52 million) over the next five years to expand its luxury inland river cruise fleet on the Brahmaputra River, develop a high-end riverine resort destination in Assam, and elevate the region's cultural tourism positioning.

Wisdom Marine Sells Another Bulk Carrier at a High Price

Specifically, Wisdom Marine announced that its subsidiary, Saysiat Wisdom S.A., sold the vessel "Amis Wisdom VI" (built in 2011, 61,456 dwt) to an unrelated third-party buyer, Phuong Dong Viet Shipping and Logistics Corporation, for approximately US$21.95 million, with an estimated profit of about US$10.126 million.

Greece secures one-year exemption for Russian LNG transshipment

After arduous negotiations, EU member states have recently reached a political agreement on the 21st round of sanctions against Russia. The core elements of this round include freezing the Russian oil price cap at $44 per barrel for 12 months, while granting Greece a one-year exemption for liquefied natural gas (LNG) transshipment, as a show of support for Greece.

Strait of Hormuz at Standstill, Commercial Shipping Nearly Zero

According to TradeWinds, commercial shipping through the Strait of Hormuz nearly came to a standstill on July 25.

Panama Canal Prepares for El Niño‑Induced Transit Restrictions

Panama Canal Authority recently released its operating report for the first nine months of fiscal year 2026 (October 2025 to June 2026). The data show steady growth in both total transits and cargo tonnage, but due to a significant increase in the probability of an El Niño event, the Authority is preparing to implement its first operational restrictions in nearly two years to ensure long-term navigational safety and service reliability.