News

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

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

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

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

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

 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

MSC Shipmanagement Limited has been fined $6 million and placed on four years of probation over the 2024 “runaway ship” incident involving the

US President Donald Trump hardened his stance toward Iran as negotiations to reopen the Strait of Hormuz continue, pronouncing that the Islamic Republic must

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

U.S. President Donald Trump on Monday demanded Iran pay compensation for the people he said it had killed in wars, attacks and protests, in a move that will