Western Sanctions Surge as UK Hits Russian Oil Firms
A coordinated wave of sanctions targeting Russia’s oil sector escalated dramatically on Thursday, with the United Kingdom announcing 24 new measures
A coordinated wave of sanctions targeting Russia’s oil sector escalated dramatically on Thursday, with the United Kingdom announcing 24 new measures
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping new sanctions targeting Iran’s shadow fleet
Venezuela may soon have to start closing some oil wells as it runs low on storage capacity following last week’s tanker seizure and US plans to block other
Global container shipping rates jumped 12% this week to $2,182 per 40-foot container, marking the third consecutive weekly increase as carriers successfully
The European Union has imposed sanctions on 41 additional vessels belonging to Russia’s shadow fleet, marking a significant escalation in efforts to
China significantly expanded its use of the Northern Sea Route (NSR) in 2025, completing 14 container ship voyages between Asia and Europe, up from 11 such
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Oil tankers hauling Russian crude across the Black Sea are taking a roundabout route along the coastlines of Georgia and Turkey — a measure that might help
A Ukrainian drone attack struck a tanker docked at the Russian port of Rostov-on-Don early Thursday, resulting in casualties among the ship’s crew and
Remote-access malware discovered aboard an Italian-operated ferry in Sète has prompted arrests, an intelligence-led investigation, and fears of state-backed
Strong traffic growth and recovered water levels lifted FY 2025 revenue to $5.7 billion after 2024 drought disruptions. The Panama Canal Administration says it
Venezuela's state-run oil company PDVSA resumed loading crude and fuel cargoes on Wednesday after suspending operations at terminals on Sunday due to a
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U.S. President Donald Trump ordered on Tuesday a "blockade" of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to
The Port of Los Angeles is on track to post its third-busiest cargo year on record, even as November volumes fell sharply amid growing tariff-driven
The Zero Emission Maritime Buyers Alliance (ZEMBA) has selected two shipping lines to deploy hydrogen-derived e-fuels in what marks a significant advancement
The US is preparing a fresh round of sanctions on Russia’s energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace
President Donald Trump announced a complete blockade of all sanctioned oil tankers entering or leaving Venezuela on Tuesday, declaring the Maduro regime a
International Maritime Organization leader calls for protection of seafarers as Russia and Ukraine target merchant vessels in escalating conflict. The head of
Sweden’s Navy has confirmed that armed personnel in military uniforms are aboard oil tankers belonging to Russia’s shadow fleet operating in the
A Balearia ferry struggled through severe weather conditions over the weekend while attempting to cross the Strait of Gibraltar, ultimately abandoning its
Venezuela's state-run company PDVSA is dealing with stuck oil cargoes, rising price discounts and demands from customers to change terms of spot contracts
The global containership industry is bracing for potential market upheaval as the orderbook has swelled to 11.61 million TEU, representing 34.8% of the current
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A powerful and rapidly intensifying storm system over the North Atlantic is generating hurricane-force winds and enormous seas, prompting urgent warnings from
Russia is loading its oil onto tankers at an unprecedented pace — but those shipments are stacking up at sea, weighing on prices and
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
The sinking of the Estonia ferry in 1994 was caused by the failure of its bow section, not an explosion or collision as claimed by some, authorities said on
Ocean Infinity has delivered the final vessel in its groundbreaking 14-ship Armada fleet, marking the completion of an ambitious transformation project that
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