News

(Bloomberg) — The US trade deficit unexpectedly narrowed in October to the smallest since 2009 on a sharp pullback in imports, notably pharmaceuticals.

Global container shipping rates surged this week, with the Drewry World Container Index rising 16% to $2,557 per 40-foot container, driven largely by sharp

Hanwha Defense USA and maritime autonomy startup HavocAI have formalized a strategic partnership to jointly develop and potentially mass-produce 200-foot

Falling tanker rates are improving the export outlook for US crude, and prices for light sweet barrels, in particular, are getting a

More than three months have passed since the last Houthi attack on commercial shipping in the Red Sea, yet the Suez Canal remains well below capacity.

Jan 7 (Reuters) – The United States needs to control Venezuela’s oil sales and revenue to drive the changes it wants

President Donald Trump announced late Tuesday that Venezuela’s interim authorities have agreed to hand over between 30 and 50 million barrels of sanctioned

Five Nordic nations have issued a unified rebuke to renewed American territorial ambitions in the Arctic, asserting that decisions about Greenland rest solely

By Lucia Kassai (Bloomberg) — A small fleet of ships booked by Chevron Corp. is sailing to Venezuela as the company emerges as the only exporter of

Laura DiBella, Florida’s first female Secretary of Commerce, was sworn in today as a Commissioner of the Federal Maritime Commission, marking the

For more than two weeks, the oil tanker formerly known as Bella 1 has been on the run. Now, as the vessel — hastily re-registered in Russia and

Venezuela was loading crude only for U.S. major Chevron CVX.N on Tuesday, while operations by state-run oil firm PDVSA to load cargoes for its main customers

South Korea plans to send a containership through Arctic waters from Busan to Rotterdam this September, marking its first concrete step toward opening a faster

The drama that began with Operation Absolute Resolve on January 3 reached Manhattan federal court on Monday, where Venezuela's captured President Nicolás

A catastrophic collision between two tankers in the South China Sea in 2024 has revealed a troubling chain of failures involving crew fatigue, disabled safety

Over a weekend that will reshape the southern Caribbean for years to come, commercial shipping in the region entered uncharted waters.  Paul Morgan

OSLO, Jan 5 (Reuters) – Latvian police have found no evidence linking a ship docked in the port of Liepaja to damage to an underwater

The Trump administration is revamping how offshore oil and gas export terminals are approved, handing control of the deepwater port licensing process from the

Finnish investigators probing last week’s disruption to a key telecommunications cable in the Gulf of Finland say they have found clear signs that a ship’s

The Russian “shadow fleet” oil tanker Qendil ran aground off Turkey’s Bozcaada island on Sunday while transiting from Alia?a to Yalova,