Panama Canal Auction Hits New Record at $5.3 Million
By Ruth Liao, Lucia Kassai and Nicholas Lua (Bloomberg) — A shipper needing to transit the Panama Canal bid a record $5.3 million to secure its spot,
By Ruth Liao, Lucia Kassai and Nicholas Lua (Bloomberg) — A shipper needing to transit the Panama Canal bid a record $5.3 million to secure its spot,
Iran pledged to fight back against expanded U.S. sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the
Turkey, a key US ally and Iran’s third-largest trading partner, is at risk of losing a key energy supplier if Washington makes good on a threat to
SpaceX plans to invest $100 billion in a massive new launch facility on Louisiana’s Gulf Coast, a project the company says could eventually support thousands
Iran and Oman have unveiled a framework for restoring safe navigation through the Strait of Hormuz, including a temporary shipping corridor, joint
President Donald Trump declared Tuesday that the U.S. Navy has cleared all mines from international waters in the Strait of Hormuz, even as the multinational
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Indonesia, Malaysia and Singapore — countries that share the primary stewardship of the Strait of Malacca — said on Tuesday they were committed to keeping
Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with
Iran has published a list of 46 vessels it says violated its arrangements for transiting the Strait of Hormuz, warning that the ships could face fines,
Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-Day”
The U.S. Maritime Administration has signed an agreement with nuclear technology developer CORE POWER to explore a pathway toward U.S.-flagged nuclear-powered
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The Trump administration on Monday launched a sweeping new economic campaign against Iran, expanding the threat of secondary sanctions to the shipping sector
Canada is committing more than C$11 billion ($7.95 billion) to build six new icebreakers for the Canadian Coast Guard, the country’s biggest shipbuilding
By Mitchell Ferman and Alex Longley (Bloomberg) — The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million,
UKMTO says a tanker was struck by an unknown projectile about 63 nautical miles west of Yanbu, Saudi Arabia, early Monday, sparking a fire on the main deck.
Finland’s multipurpose icebreaker Nordica has departed for Canada, where it will provide icebreaking and ice-management services to the Canadian Coast Guard
Klaus-Michael Kuehne, the shipping heir and Germany’s wealthiest individual, who expanded Kuehne + Nagel International AG into one of the world’s biggest
The river Rhine in Germany has risen sharply after recent rain, the country’s inland navigation agency said on Monday, with vessels able to load more freight
By Jatindra Dash, Nidhi Verma and Saurabh Sharma NEW DELHI, Aug 23 (Reuters) – India’s Coast Guard and Navy continued search-and-rescue
By Volodymyr Verbianyi Aug 23, 2026 (Bloomberg) –Ukraine offered Russia a truce on attacks against ships carrying agricultural commodities through
By Bloomberg News Aug 22, 2026 (Bloomberg) –Russia’s government is planning a series of measures to support grain producers, include crop
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Aug 22 (Reuters) – A British Army sailing crew competing in one of yachting’s most demanding races found themselves conducting an impromptu
By Nidhi Verma, Saurabh Sharma and Jatindra Dash Aug 22 (Reuters) – India’s maritime rescue agency lost communication on Saturday with a
U.S. Energy Secretary Chris Wright says the military helped move more than 15 million barrels of oil and petroleum products through the Strait of Hormuz on
By Weilun Soon Aug 22, 2026 (Bloomberg) –Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern
Aug 22 (Reuters) – Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from
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