U.S. Gives Green Light to Scrap Iran-Linked Ships, Buyer Says
GMS, a major buyer of ships and offshore vessels for recycling, says it has received the first US permit to purchase carriers sanctioned over
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GMS, a major buyer of ships and offshore vessels for recycling, says it has received the first US permit to purchase carriers sanctioned over
US and Iranian forces clashed near the Strait of Hormuz overnight, highlighting the tension between the two sides even as they tout progress toward an interim
By Julian Lee May 24, 2026 (Bloomberg) –A supertanker hauling Iraqi crude to China has left the Persian Gulf and crossed the US blockade line into
By Stephen Stapczynski May 23, 2026 (Bloomberg) –A liquefied natural gas tanker carrying a shipment for India has exited the Strait of Hormuz, the
By Michael Heath May 23, 2026 (Bloomberg) —New Zealand intends to spend about NZ$1.6 billion ($936 million) on drones, ship maintenance and naval
By Paul Burkhardt May 23, 2026 (Bloomberg) –US forces have redirected 100 commercial vessels during its six-week-long blockade of Iran’s ports,
By Rong Wei Neo (Bloomberg) — Singapore shipping tycoon Teo Siong Seng was accused by the US of colluding to raise dry-container prices, placing one of
Japan — one of Asia’s biggest importers of energy from the Middle East — flagged the impending arrival of the first Persian Gulf oil shipment to transit
Iran is discussing with Oman how to set up some form of a permanent toll system that will formalize its control of maritime traffic through the Strait of
Saudi Arabia’s sovereign wealth fund is considering consolidating transport and supply-chain assets to create a logistics giant that can attract foreign
A South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a vessel
NATO is discussing the possibility of helping ships pass through the blocked Strait of Hormuz if the waterway isn’t reopened by early July, according to a
(Bloomberg) — US President Donald Trump said he held off on a new bombardment of Iran planned for Tuesday at the request of Saudi Arabia and other
A Hong Kong hedge fund that outperformed peers says shipping stocks are a better trade than artificial intelligence, given the risks of tech companies
Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news
Four liquefied natural gas tankers that until recently serviced Oman’s export plant are beginning to load fuel from a US-sanctioned Russian project, the
By Weilun Soon May 16 (Bloomberg) –A Vietnam-bound supertanker carrying 2 million barrels of Iraqi crude, which was halted by US forces days ago
By Annika Inampudi and Ignacio Gonzalez May 17, 2026 (Bloomberg) –Stomach bugs on cruise ships recently hit a nearly two-decade high as more people
By Julian Lee and Prejula Prem May 16, 2026 (Bloomberg) –A Suezmax tanker identified as carrying Iraqi crude is approaching India after apparently
By Jennifer A. Dlouhy May 16, 2026 (Bloomberg) –The Trump administration allowed a waiver that encouraged more Russian crude sales to lapse, even as
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