Surging Oil Tanker Rates Tipped to Go Even Higher on Iran Risk
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of
Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its biggest
A major new partnership between South Korea’s Hanwha Ocean and Ontario Shipyards aims to bring large-scale shipbuilding back to Canada’s Great Lakes
India temporarily extended permission for four Russian insurers to cover tankers calling at its ports, as the government seeks to sustain crude imports while
New Zealand has imposed its largest-ever maritime sanctions package against Russia, designating 100 vessels linked to the country’s “shadow fleet” and
Russia has for the first time conducted three simultaneous LNG ship-to-ship (STS) transfers in Arctic waters, a move highlighting Moscow’s increasingly
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DP World and APM Terminals have formed a strategic partnership at Saudi Arabia’s Jeddah Islamic Port, with APM acquiring a 37.5% stake in the Southern
Denmark's maritime authority said on Thursday it had detained an Iran-flagged container vessel anchored in the Nordic country's waters on the grounds that it
Russian airstrikes on Ukraine's Black Sea ports late last year have reduced their capacity and harmed Ukrainian agricultural and mineral exports, industry
Global container shipping rates extended their decline for a sixth consecutive week, dropping 1% to $1,919 per 40-foot container as the traditional pre-Lunar
The U.S. trade deficit widened to $70.3 billion in December, pushing the full-year 2025 shortfall to $901.5 billion despite months of tariff-driven volatility.
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The U.S. Navy has issued a Request for Proposal for a Vessel Construction Manager (VCM) to oversee production of the Medium Landing Ship, marking a significant
Russia has threatened to deploy its navy to protect merchant tankers linked to its oil trade, marking a sharp escalation in the battle over Western sanctions
Leaders from two Nordic states expressed skepticism over ambitions to seize vessels linked to Russia’s so-called shadow fleet, signaling that proposals
CMA CGM is doubling down on India, having finalizing shipbuilding contracts with Cochin Shipyard Limited (CSL) for six LNG-powered containerships while
Oil gained the most since October as traders weighed whether talks between the US and Iran will be enough to avert conflict, following a report that American
Seaspan Shipyards has awarded a $1.5 million contract to Alberta-based Confined Space Robotics to develop semiautonomous systems for blast and paint
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize
Sallaum Lines has taken delivery of two new LNG dual-fuel Pure Car and Truck Carriers, marking a significant expansion of the company’s Ocean Class fleet
A fire in the engine room of the Singapore-registered bulk carrier MANDY has resulted in the deaths of two crew members and left a third hospitalized following
Tension in one of the world’s most critical maritime chokepoints spiked this week after Iran temporarily restricted parts of the Strait of Hormuz during
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Exports from the Port of Los Angeles fell 8% in January to the lowest level in nearly three years as Trump's tariffs devastated trade with China. Soybean
Donald Trump’s trade levies aren’t the main reason why China is exporting more to other parts of the world, a European Central Bank study
Russian Foreign Minister Sergei Lavrov told his Cuban counterpart Bruno Rodriguez on Wednesday that Moscow was urging the U.S. not to impose a full naval
Norwegian Cruise Line Holdings has ordered three new cruise ships from Fincantieri—one each for Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas
Salvage crews have removed roughly 1,000 gallons of residual fuel from the grounded barge Defiant near the entrance to San Juan Harbor, significantly reducing
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