Shipping

Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing

A Chinese-owned fishing vessel has been liberated following an armed robbery off Somalia’s northeastern Puntland coast, according to information from the

Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to

A potential crisis at U.S. East and Gulf Coast ports has been averted as the International Longshoremen’s Association and U.S. Maritime Alliance reached

Time has run out for Chinese technology provider Zhoushan Wison Offshore and Marine, a key partner in Novatek’s Yamal LNG and Arctic LNG 2 projects. The

China’s trade surplus soared to a record last year, driven by strong exports that boosted the economy but may soon be threatened by the incoming Trump

By Bloomberg News Jan 12, 2025 (Bloomberg) —Chinese exports hit a record high as companies rushed to get goods out the door to make up for sluggish

BUDAPEST, Jan 12 (Reuters) – Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new

U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday, in an effort to

(Bloomberg) — An unusually large flotilla of merchant vessels has backed up near Yemen’s Ras Isa port in the Red Sea after Israeli air raids damaged

Maritime security firm Ambrey has confirmed the successful salvage of the MT SOUNION, a Greek-owned oil tanker that became a focal point as one of the

The 623-foot motor vessel Algoma Verity ran aground in the Delaware River approximately one mile north of Philadelphia’s Benjamin Franklin Bridge on

The International Longshoremen’s Association (ILA) is crediting President-elect Donald Trump with helping to secure a landmark six-year master contract

A coalition of 47 governments and the shipping industry is proposing a groundbreaking greenhouse gas (GHG) emissions pricing mechanism for international

 Hundreds of Panamanians marched on Thursday to mark the anniversary of a deadly uprising against U.S. control of the Panama Canal in 1964, with some

President Joe Biden is expected to unveil new sanctions targeting Russia's economy this week, according to a U.S. official, as part of measures to bolster

The U.S. Environmental Protection Agency has approved the majority of California’s waiver requests for its controversial Commercial Harbor Craft (CHC)

Finnish authorities investigating damage to the critical Estlink2 undersea cable in the Baltic Sea suspect the Russian shadow fleet vessel Eagle S may have

A potentially devastating strike at U.S. East Coast and Gulf Coast ports has been averted following a tentative six-year agreement between port workers and

As the incoming Trump administration sets the stage for its foreign policy agenda, the maritime industry is bracing for the potential ripple effects of renewed