News

U.S. expanded licenses for Venezuelan oil exports are expected to restore PDVSA production to pre-blockade levels of 1.2M bpd by mid-2026. Vitol and Trafigura

Danaos reported solid fourth-quarter earnings for 2025 while locking in $4.3 billion in contracted revenue and expanding into LNG through a new partnership

Western naval interdictions are forcing sanctioned oil tankers out of fraudulent flags and back under the Russian registry, marking a major shift in how Moscow

(Bloomberg) — Venezuela is sending its first crude oil cargo to Israel in years as the Latin American country’s exports open up following the capture

A fuel barge ran aground near the entrance to San Juan Harbor on Monday while being towed inbound from St. Thomas, prompting a Coast Guard response near Old

Coast Guard and CBP arrested a stowaway smuggler and seized 789 pounds of cocaine worth over $5 million after a crew aboard the tug Signet Thunder discovered

Hong Kong has protested against Panama’s court ruling which struck down the contract granted to Li Ka-shing’s CK Hutchison Holdings Ltd. to operate two

U.S. container imports are expected to fall sharply in the first half of 2026 as ongoing tariff uncertainty disrupts trade flows, according to the latest

The U.S. Maritime Administration has issued a new security advisory after Iranian forces threatened a U.S.-flagged tanker in the Strait of Hormuz, warning

India’s Coast Guard has dismantled an international oil-smuggling network off the country’s west coast, targeting vessels accused of conducting illicit

U.S. forces have seized the sanctioned crude oil tanker Aquila II in the Indian Ocean after tracking the vessel more than 10,000 miles from the Caribbean,

Canada and France opened consulates in Greenland as Arctic tensions rise following Trump's claims the U.S. "needs" the territory. The symbolic move signals

Nuclear talks between Iran and the United States held in Oman on Friday were a good beginning and will continue, Iran's foreign minister said, after growing

The United States has unveiled a sweeping new sanctions package targeting Iran’s shadow fleet, designating vessels, managers, and traders involved in illicit

Singapore has issued its clearest warning yet over the growing presence of sanctioned “shadow fleet” tankers operating near the Straits of Malacca and

The European Union has rolled out its toughest Russia sanctions package yet, imposing a full ban on maritime services for Russian crude oil, cutting the price

Tsakos Energy Navigation CEO Dr. Nikos Tsakos says geopolitical turmoil and the rapid expansion of shadow tanker trading have created a severe shortage of

A Russian container ship captain has been sentenced to six years in prison after a fatal North Sea collision that killed a Filipino seafarer and triggered an

Global container shipping rates fell for a fourth consecutive week as the traditional pre-Lunar New Year cargo surge failed to materialize. Spot rates dropped

French naval forces have intercepted 4.24 tons of cocaine off French Polynesia, marking the second major drug seizure in the territory in less than three weeks