Korea’s SK Shipping, H-Line Swap Tankers to Create LNG Giant
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
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
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(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
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
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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
By Lucia Kassai and Ruth Liao (Bloomberg) — A container ship paid $4 million to cut the line at the Panama Canal, where wait times are stretching more
U.S. Central Command has confirmed that American forces fired two Hellfire missiles at the Panama-flagged containership Vela Nova in the Gulf of Oman
U.S. Energy Secretary Chris Wright said oil flows out of the Persian Gulf have climbed to roughly 15 million barrels per day as U.S. military operations and
Water levels on the Rhine river are dwindling further, with no relief in sight, forcing companies that rely on the waterway to adjust rapidly to keep goods
Eastern Shipbuilding Group has started construction on Washington State Ferries’ new generation of hybrid-electric ferries, with Washington state confirming
Four crew members were killed in an attack by Iran-backed Houthis on a small cargo ship in the Bab el-Mandeb strait on Tuesday, Yemen's transport
Pakistan said on Tuesday the United States and Iran were close to "some sort" of deal, and fellow mediator Qatar said talks on managing the Strait of Hormuz
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MSC Shipmanagement Limited has been fined $6 million and placed on four years of probation over the 2024 “runaway ship” incident involving the
Aug 11 (Reuters) – The United Kingdom Maritime Trade Operations said on Tuesday it received a report of an incident involving a container ship
US President Donald Trump hardened his stance toward Iran as negotiations to reopen the Strait of Hormuz continue, pronouncing that the Islamic Republic must
South Korea’s Hanwha has made a preliminary offer worth up to $1.2 billion to acquire Austal USA, potentially giving the Korean defense giant control of one
The Trump administration’s decision to extend its Jones Act waiver for another 90 days is drawing sharply divided reactions, with U.S. maritime and
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