Bloomberg

Israel’s overnight airstrikes on Iran drove up freight rates and tanker stocks Friday as traders and investors priced in the prospect of disruption to a

North Korea said it successfully refloated a 5,000-ton destroyer that suffered damage in a botched launch attempt last month that left it foundering in shallow

Several of the world’s largest ocean-tanker operators said they remained calm but cautious after risk warnings from naval forces for vessels operating in and

A Chinese aircraft carrier made one of its deepest forays into the Pacific Ocean over the weekend as Beijing continues to project its military power further

US oil production is poised to rise this year and next as President Donald Trump pushes for more drilling. But as crude prices tumble, most of the growth will

The Japanese oil refiner Taiyo Oil Co. is taking delivery of a cargo of Russian crude on a tanker that’s blacklisted by both the US Treasury and the European

By Daniele Lepido Jun 6, 2025 (Bloomberg) –In early April 2024, Xu Xinyu, an executive director at Ferretti SpA, noticed an SUV and two strange men

By Joe Wertz May 30, 2025 (Bloomberg) –Some English fishermen have hit the jackpot this season, hauling in tons of octopus, but the invasion of the

Much of the historic Strand District in Galveston, Texas, is about as tacky as it comes. The 19th-century buildings that line its streets are packed with

A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to

Iran is shipping less oil to China, as toughening sanctions snarl the OPEC producer’s shipments and refinery demand falls in the world’s biggest fossil

(Bloomberg) — During the pandemic, as many as 100 giant container ships would idle off the Southern California coast, belching pollutants as they waited

(Bloomberg) — A major Norwegian oil field is taking the industry’s use of drones for safety inspections to a new level, with a permanently installed

By Nacha Cattan May 30, 2025 (Bloomberg) –New Yorkers know that getting to LaGuardia airport and Citi Field in Queens from Manhattan has long been a

By Philip J. Heijmans and Alberto Nardelli Jun 1, 2025 (Bloomberg) –Defense officials from Europe and Southeast Asia called for stronger

By Tony Capaccio May 30, 2025 (Bloomberg) –The US Navy will start fielding an anti-ship version of its Tomahawk cruise missile on destroyers by late

(Bloomberg) — The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight

From Athens to New York, oil tanker companies from Group of Seven nations are flocking back to the Russian oil trade. Tumbling global oil prices this year

The value of Russia’s crude shipments hit a two-year low in the four weeks to May 25 even as Moscow shrugged off a threat that the G-7 group of nations

Prime Minister Anthony Albanese is confronting a fresh diplomatic dilemma with China: How to fulfill a pledge to regain control of a strategic port without