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Iran’s Guards Say Two Tankers Hit Mines In Strait Of Hormuz

17 October 2026 at 15:44
DUBAI, Oct 17 (Reuters) – Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire after hitting naval mines while crossing the Strait of Hormuz, the official Iranian news agency...

Wind-Assisted Shipping Gains Ground as Airbus RoRo Adds Rotor Sails

16 October 2026 at 21:52
French shipowner LD Armateurs has completed the installation of six towering rotor sails aboard Spirit of Toulouse, a new roll-on/roll-off vessel being built to transport aircraft components for Airbus across...

Fog of War Deepens in Hormuz as UKMTO Says Most Ship Attacks Go Unreported

16 October 2026 at 19:53
Conflicting traffic figures and competing claims of control are making it increasingly difficult to establish what’s happening in the Strait of Hormuz, even as attacks on merchant shipping intensify. The...

International Seaways Adds to VLCC Fleet with $370 Million Bruton Deal

16 October 2026 at 18:22
Deal adds four modern crude tankers as International Seaways reports sharply higher spot earnings entering the fourth quarter. International Seaways has agreed to acquire Oslo-listed Bruton Limited in a deal...

Southern California Ports Shatter Cargo Records as Imports Surge

16 October 2026 at 18:07
The ports of Los Angeles and Long Beach both set all-time monthly cargo records in September, handling a combined 2.04 million twenty-foot equivalent units (TEUs) as strong imports and shifting...

Supertanker Rates Fall from Record Highs

16 October 2026 at 17:36
The cost ?of shipping oil on the largest tankers fell this week from record highs as demand eased following a wave of attacks on vessels in the Middle East and as the US considered easing sanctions on the so-called shadow fleet.

Lawmakers Seek to Strip COSCO Ships of U.S. Port Inspection Privileges Over Espionage Claims

16 October 2026 at 16:58
Three senior House Republicans are calling on the Department of Homeland Security to revoke special inspection privileges granted to vessels operated by Chinese state-owned shipping giant COSCO, citing allegations that...

IEA Moves to Accelerate Oil Reserve Releases as Hormuz Crisis Drags On

16 October 2026 at 16:50
The International Energy Agency (IEA) has agreed to accelerate the release of approximately 100 million barrels of emergency oil stocks, including more than 20 million barrels of diesel, as the...

Iran Ships Some LPG, Jet Fuel Despite US Blockade, Data Shows

16 October 2026 at 13:10
Iran has managed to export some liquefied petroleum gas and jet fuel since July, despite a US naval blockade, shipping intelligence showed and people involved in security said.

Ship-Fuel Crunch to Persist Despite More Oil, Vitol Says

16 October 2026 at 13:07
Accelerating crude exports through the Strait of Hormuz aren’t translating into higher production of a dirty shipping fuel, according to a top Vitol Group executive, tightening supplies and sending prices soaring.

Oil Shipping Costs Spike, Lifting Prices from Pump to Grocery

15 October 2026 at 18:27
When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average.

UK Tightens Russian Oil Sanctions as U.S. Weighs Relief

15 October 2026 at 17:13
Britain has expanded its sanctions against Russia’s oil industry, targeting two more energy companies, a dozen shadow-fleet tankers and financial networks used to move money around Western restrictions. The measures,...

Trump Weighs Lifting Shadow Fleet Sanctions as Tanker Rates Soar

15 October 2026 at 17:06
By Timothy Gardner and Jarrett Renshaw WASHINGTON, Oct 14 (Reuters) – The Trump administration is considering easing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products...

Ship Fuel Market Fragments as Middle East Conflict Hits Trade

15 October 2026 at 14:35
Shipowners are facing an increasingly fragmented fuel market as disruptions triggered by the Middle East conflict raise concerns about the availability and quality of supply.
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