Hanwha, Fincantieri Shares Rise as Trump Opens Navy Shipbuilding to Foreign Yards
Shares of South Korea's Hanwha Group and Italy's Fincantieri rose on Friday after President Donald Trump's directive opening U.S. Navy shipbuilding to overseas
Shares of South Korea's Hanwha Group and Italy's Fincantieri rose on Friday after President Donald Trump's directive opening U.S. Navy shipbuilding to overseas
Iranian attacks on commercial shipping are pushing more vessels away from the U.S.-coordinated route through Omani waters and toward the northern,
Two slicks have appeared in Iranian waters, satellite imagery and video verified by Reuters show, as tit-for-tat attacks on oil tankers and other vessels by
An empty gas supertanker paid a record $4.6 million to skip the line at the Panama Canal next week as the Iran war and an intensifying El Niño upend global
Two tankers affiliated with Abu Dhabi National Oil Co. were struck by drones while sailing outbound through the Strait of Hormuz, just a day after reports
The Trump administration has extended its emergency Jones Act waiver for another 90 days while substantially tightening the process for using foreign-flag
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Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked there and the United States said it
President Donald Trump has ordered a sweeping overhaul of U.S. Navy shipbuilding, including opening the door to foreign-built warships, establishing a fifth
President Donald Trump ordered the Navy to return to using steam catapults to launch planes off of aircraft carriers, acting on a longtime complaint despite
Drewry’s World Container Index rose for a second straight week, with higher transpacific rates outweighing declines on Asia-Europe trades as carriers
The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said on Thursday, a day after
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Latest trade data show no dramatic changes in the flow of trade through the Strait of Hormuz and Bab
South Korean shipping companies SK Shipping Co. and H-Line Shipping Co. — both owned by private equity firm Hahn & Co. — will swap tankers and contracts to
The disruption in the Strait of Hormuz is proving both costly and profitable for container shipping, with Gemini Cooperation partners Maersk and Hapag-Lloyd
Ambrey has launched a major international salvage operation for the grounded tanker Caroline Bezengi off Oman, deploying specialist personnel and
A tanker suffered serious damage to its hull while navigating through Arctic sea ice despite being assisted by an icebreaker, highlighting the risks facing
Danish shipping group Maersk MAERSKb.CO on Thursday smashed profit forecasts and raised its full-year earnings guidance for a second time this year as
The Internal Revenue Service has issued new guidance clarifying that foreign shipping companies operating between U.S. ports under the Jones Act waiver cannot
(Bloomberg) — Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record after a flurry of drone
The Trump administration’s third “Big Beautiful” offshore oil and gas lease sale generated $82.7 million in high bids Wednesday, marking a rebound from a
Ukraine has paused drone strikes on oil tankers using Russia's Black Sea port of Novorossiysk after a request from U.S. Vice President JD Vance, the Financial
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Abu Dhabi National Oil Co.’s trading arm is offering to shuttle exports of Iraqi oil through the Strait of Hormuz, using its dark-transit playbook to
A vast oil spill in the Gulf is quickly becoming one of the world’s worst in years after being allowed to spread almost unchecked for weeks, according to
The International Energy Agency has again cut its outlook for global oil supply and demand as renewed fighting around the Strait of Hormuz disrupts Gulf
Taiwan's government condemned planned Chinese navy drills with an Indonesian warship off its east coast, saying they were dangerous and showed Beijing was
President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their positions in deadlocked
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