The American Bureau of Shipping (ABS) and the U.S. Department of Energy (DOE) have signed an agreement to advance the use of nuclear power in commercial shipping, including nuclear-powered vessels,...

Six commercial vessels were reported struck in and around the Strait of Hormuz on October 11, including five tankers and a container ship, as attacks on merchant shipping continue to...

Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled exports and US refiners have been running close to their limits. 

This weekend’s deadly attacks on Riyadh’s main airport have demonstrated the ability of Yemen’s Houthis to strike at the heart of Saudi power, raising the risk of a dangerous escalation that could draw in the US.

For a decade, LNG has been sold to shipowners as the sensible bridge fuel. Cleaner than heavy fuel oil, widely available and backed by mature engine technology, it has won...

Swedish authorities have cleared the sanctioned tanker Sea Owl 1 to leave the country after nearly seven months at anchor, following confirmation that the vessel is now legitimately registered under...

DUBAI, Oct 11 (Reuters) – The United States’ response to Iran’s seven conditions in a proposal to reopen the strategic Strait of Hormuz was “insufficient”, Iran’s security chief, Mohsen Rezaei, was quoted by state...

Two more tankers have been struck in the Strait of Hormuz as U.S. forces disable a cargo vessel in the Gulf of Oman, extending a sharp escalation in attacks on commercial shipping.

By Joyce Lee SEOUL, Oct 11 (Reuters) – A South Korean container ship completed the country’s first commercial round trip to Europe via the Arctic on Sunday, as authorities bank on the...

President Donald Trump said Friday that Russia has agreed to release millions of tons of diesel fuel into U.S. and global markets following a telephone call with Russian President Vladimir...

The Port of Los Angeles reported its best single month in its history. In a media briefing, port executive director Gene Seroka announced the port processed 1,042,652 TEUs, 23k TEUs more than the July 2025 record.

The past fortnight has delivered a clear reminder that the industry’s regulatory problem is no longer a shortage of rules. It is the widening distance between what is agreed in London and Brussels and what can actually be demonstrated on deck, in the engine room and in a ship’s emissions data.

For a sign of just how extraordinary oil shipping costs have become, consider this: It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space.

A commercial vessel was struck by a projectile in the Persian Gulf on Friday, sparking a fire onboard in the second reported attack on shipping inside the Gulf in just...

A new study from the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping finds that ethanol could become a practical alternative fuel for ships, particularly those already equipped with methanol-capable...

Europe's estimated bill reaches €7.88 billion through September as U.S. sanctions deadline adds uncertainty for Yamal's specialized tanker fleet.

(Bloomberg) — Saudi Arabia is in talks with customers to offer oil loadings next year outside the Strait of Hormuz in long-term contracts, formalizing a system the kingdom has been...

The United States on Thursday imposed sanctions on 22 tankers and dozens of individuals and companies linked to Iran’s oil trade, expanding its campaign to cut off Tehran’s remaining petroleum...

U.S. container imports are finally beginning to slow after an unusually long peak shipping season that stretched through the summer and into early fall, according to the latest Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates. The slowdown comes after months of stronger-than-expected cargo volumes at major U.S. ports, as retailers continued bringing in merchandise despite tariffs, inflation and higher transportation costs. Ports covered by Global Port Tracker handled 2.3 million twenty-foot equivalent units (TEUs) in August, up 0.4% from July but down 0.7% from a year earlier. August now appears to have been the busiest month of 2026, marking a shift from last month’s forecast that September would take the top spot. “Even with any fluctuations in final data, we’re likely past the busiest part of the year,” said Jonathan Gold, NRF vice president for supply chain and customs policy. “The truth is that the peak season started early and was stretched out through the summer and early fall, with the difference from month to month often amounting to little more than a rounding error,” Gold said. The latest forecast puts September imports at 2.28 million TEUs, down from the 2.31 million TEUs projected a month ago. October is expected to ease further to 2.25 million TEUs before volumes fall to 2 million TEUs in November. Despite the expected slowdown, imports are still running well ahead of last year in some months. September volumes are forecast to rise 8.2% year over year, followed by an 8.5% increase in October. The revised outlook follows a peak season that has repeatedly defied expectations. Retailers moved merchandise into the country earlier this year to get ahead of tariff changes and supply chain uncertainty, initially raising expectations that imports would peak early and decline through the summer. Instead, volumes remained elevated, with shipping delays and resilient consumer demand helping extend the traditional peak season. The strength has been evident at individual ports. The Port of Los Angeles recorded its busiest three-month stretch on record during June, July and August, while the Port of Savannah reported a record September earlier this week, handling 504,015 TEUs, up 3.7% from a year earlier. Hackett Associates founder Ben Hackett said the economic outlook remains mixed, with consumers continuing to spend despite signs of weakening confidence. “Despite this, consumers appear to remain confident and cautious at the same time, with consumer confidence indexes sliding to multi-year lows while consumer spending continues to be robust in the face of increasing inflation,” Hackett said. For the full year, Global Port Tracker now expects imports at major U.S. container ports to reach 25.8 million TEUs, up 1.4% from 25.4 million TEUs in 2025. That is slightly above last month’s forecast of 25.7 million TEUs. Looking ahead, January 2027 imports are forecast at 2.07 million TEUs, down 1.9% year over year, followed by 1.92 million TEUs in February, up 1%. For retailers, the extended shipping season means much of the merchandise needed for the holidays is already in the country, reducing the need for another major import surge before year-end. “Most holiday merchandise has arrived, and the remainder of the year is just a matter of last-minute replenishment and preparation for early 2027,” Gold said.

(Bloomberg) — Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global shortage of vessels that...