Another tanker has been struck in the Strait of Hormuz, bringing the number of vessels reported hit in the strategic waterway since Sunday to at least six. UK Maritime Trade...
Global shipping is not running short of ships. The bigger problem is that a growing share of them are getting caught in congestion. Roughly 12% of global container ship capacity...
Saudi Arabia is planning an offensive against Iran-backed Houthi militants in Yemen, with options being considered including a coastal push to secure the Red Sea shipping route or an assault on multiple fronts, regional and Western officials told Reuters.
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the US Navy to tell them of the attack.
The United Kingdom has imposed sanctions on eight ships as part of a broader package targeting Russian energy revenues, maritime logistics and individuals accused of supporting Moscow’s war in Ukraine....
A tanker has been struck by an unknown projectile while transiting the Strait of Hormuz, the latest in a string of attacks that have emerged over the past several days...
The Trump administration expanded its economic campaign against Iran on Thursday, targeting the country’s rail system, major industrial companies and a Russia-linked shadow banking network that U.S. officials say has...
A nuclear-powered LNG carrier could cost roughly 2.5 times as much to build as a conventional vessel, but lower fuel costs could significantly change the economics over the ship’s operating...
More than 80 years after the SS Richard Montgomery sank in the Thames Estuary with roughly 1,400 tons of explosives still aboard, marine contractors have begun one of the most delicate interventions...
Alternative-fuel ship orders rebounded sharply in the third quarter, with September delivering the strongest monthly total in nearly two years as LNG remained the dominant choice for new vessels. Shipowners...
Persian Gulf oil producers are shifting critical cargo transfer operations even farther out of the war-hit region as waters just outside the Strait of Hormuz become congested with tankers.
A new federal watchdog report says gaps in training, coordination and emergency planning continue to complicate the response to ship fires at U.S. ports, three years after two firefighters were...
Canada is committing C$1.2 billion (USD $843 million) to ocean protection and marine safety as the federal government prepares for a significant increase in commercial vessel traffic tied to new...
Ships are being forced to wait significantly longer to refuel at China’s top bunkering hub of Zhoushan, where the fallout from the US-Iran war has tightened supplies and pushed up prices.
Three more attacks on tankers in the Strait of Hormuz have surfaced through delayed reports from UK Maritime Trade Operations, adding to growing uncertainty over how quickly incidents in the...
Cheniere Energy has signed a 22-year agreement to supply Brazil’s Petrobras with U.S. liquefied natural gas, adding another long-term customer as the company looks to support further expansion of its...
Russia shipped the most crude in a month-and-a-half, while a jump in prices propelled the value of those cargoes close to the highest since the start of the invasion of Ukraine in 2022. But the benefits to the Kremlin are being undermined by its ban on overseas diesel sales.
For most of shipping history, the valuation equation has been straightforward. A ship leaves the yard, begins ageing and progressively loses value. New steel commands the premium. Older steel trades at a discount.
A.P. Moller-Maersk has bunkered one of its dual-fuel containerships with 100% U.S.-produced corn ethanol, marking what the company says is the first ship-to-ship commercial ethanol bunkering of a deep-sea container...
The maritime picture in the Strait of Hormuz is becoming harder to verify, with another delayed report of a vessel strike raising questions over how much of the fighting is...