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Screenshot of video released by the Iranian-backed Houthis showing the attack on the MT CHIOS LION in the Red Sea, July 15, 2024.
Shipping

Israel-Hamas Ceasefire: Could It Signal the End of Houthi Attacks on Red Sea Shipping?

A ceasefire agreement between Israel and Hamas announce this week could signal the beginning of the end for Houthi attacks on commercial shipping in the Red

58 minutes ago
Total Views: 143

FILE PHOTO: Flames and smoke rise from the Greek-flagged oil tanker Sounion, which has been on fire since August 23, after an attack by Houthi militants, on the Red Sea, September 14, 2024 in this handout image. EUNAVFOR ASPIDES/Handout via REUTERS
Shipping

Red Sea Trade Route Will Remain Too Risky Even After Gaza Ceasefire Deal

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of

1 hour ago
Total Views: 129

Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

Russian Oil Tankers Still Under Construction Included in U.S. Sanctions

Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is

2 hours ago
Total Views: 76

The fire on board the Yantian Express, pictured January 15, 2019, in the Atlantic Ocean.
Accidents

Shipping Industry Adopts Tougher Safety Standards to Snuff Out Charcoal Fires on Ships

The shipping industry is implementing enhanced safety protocols for charcoal transportation ahead of mandatory International Maritime Organization (IMO)

2 hours ago
Total Views: 118

An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
Shipping

The Definitive Guide to Where the US Has Squeezed Russia’s Oil Flows the Hardest

The latest US sanctions on oil tankers hauling Russian petroleum look set to cause severe disruption across the nation’s export machine, with some of

2 hours ago
Total Views: 60

MSC Tessa, one of the world's largest containerships, under construction at Hudong-Zhonghua Shipbuilding in Shanghai, China. Photo courtesy CSSC.
Shipbuilding

USTR Investigation Finds China’s Maritime Playbook ‘Unreasonable’ as U.S. Shipbuilding Hits Historic Low

The U.S. Trade Representative (USTR) has issued a landmark finding, concluding that China’s aggressive targeting of the maritime, logistics, and shipbuilding

3 hours ago
Total Views: 599

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Thursday, January 16, 2025
U.S. Coast Guard Sentinel-class fast response cutter USCGC Glen Harris (WPC 1144) sails in the Arabian Gulf, Oct. 24, 2023
Shipbuilding

Bollinger Shipyards Agrees to $1M Settlement Over Illegal Worker Claims in Coast Guard Contract

Bollinger Shipyards LLC, a major U.S. shipbuilding contractor based in Lockport, Louisiana, has agreed to pay $1,025,000 to settle allegations of False Claims

21 hours ago
Total Views: 2055

FILE PHOTO: U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach
Shipping

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months

23 hours ago
Total Views: 2478

A satellite image shows the cargo ship Rubymar before it sank, on the Red Sea. Maxar Technologies/Handout via REUTERS
Shipping

Red Sea Roulette: Yemen’s Houthis to Monitor Ceasefire, But Ships Remain at Risk

The leader of Yemen's Iran-aligned Houthis, Abdul Malik al-Houthi, said on Thursday his group will monitor the implementation of a ceasefire deal between

January 16, 2025
Total Views: 3167

A photo of turbines as the South Fork Wind offshore wind farm
Offshore

Congressman Van Drew, Trump Team Up to Sink Biden’s Offshore Wind Ambitions

Republican Congressman Jeff Van Drew says he’s been working with President-elect Donald Trump on crafting an executive order aimed at “halt[ing] offshore

January 16, 2025
Total Views: 1423

Drone Photo Of A Product Tanker carrying Gasoline.
Shipping

Product Tanker Fleet Growth to Hit 16-Year High in 2025, BIMCO Reports

The product tanker sector is bracing for a monumental surge in fleet capacity, with newbuild deliveries projected to reach 12 million deadweight tonnes (DWT)

January 16, 2025
Total Views: 297


Thursday, January 16, 2025
A crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay. REUTERS/Tatiana Meel
Shipping

Cost to Ship Russian ESPO Oil to China Triples After Sanctions

The cost of shipping Russian ESPO crude to China has more than tripled after the US imposed aggressive sanctions on Moscow’s oil industry last week, with

January 16, 2025
Total Views: 291

Seized oil tanker Eagle S in Porvoo.Lehtikuva/Jussi Nukari/via REUTERS
News

Tanker Seized by Finland Over Damaged Cables Won’t Face Sanctions-Evasion Probe

HELSINKI, Jan 16 (Reuters) – The Eagle S tanker seized by Finnish authorities on suspicion of ripping up subsea cables will not face a separate

January 16, 2025
Total Views: 955

FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, as it sails in the Strait of Gibraltar towards the port of Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo
Shipping

Shipping Giants Maersk and Hapag-Lloyd See no Immediate Return to Red Sea

Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after

January 16, 2025
Total Views: 2601

crude oil import terminal vlcc tanker china
Energy

Tanker Under US Sanctions Discharges Oil at Chinese Port, LSEG Data Shows

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon

January 16, 2025
Total Views: 1147

Wednesday, January 15, 2025
French frigate escort. Photo: EUNAVFOR
Shipping

Gaza Ceasefire Deal Sparks Hope for Red Sea Shipping Security, But Houthis Maintain Hard Line

A potential breakthrough ceasefire agreement between Hamas and Israel, set to begin this Sunday, could potentially ease maritime tensions in the Red Sea

January 15, 2025
Total Views: 1907

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Wednesday, January 15, 2025
FILE PHOTO: Shipping containers are stacked for storage at Wando Welch Terminal operated by the South Carolina Ports Authority in Mount Pleasant, South Carolina, U.S. May 10, 2018. Picture taken May 10, 2018. REUTERS/Randall Hill/File Photo
Ports

Tariff Jitters Drive U.S. Import Rush from China

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect

January 15, 2025
Total Views: 807

Sean Duffy, U.S. President-elect Donald Trump's nominee to be transportation secretary, testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington
Shipping

Trump’s DOT Nominee Duffy Pledges Support for Jones Act

Former Congressman Sean Duffy, President-elect Donald Trump‘s nominee for U.S. Secretary of Transportation, expressed unequivocal support for the Jones

January 15, 2025
Total Views: 1723

A North Atlantic Right Whale breaches with a ship in the background.Credit: NOAA Fisheries
Shipping

NOAA Withdraws Critical Right Whale Protection Rule Changes

NOAA Fisheries has withdrawn its proposed vessel speed rule update aimed at protecting the critically endangered North Atlantic right whales from deadly vessel

January 15, 2025
Total Views: 2433

Tanker EVENTIN adrift in the Baltic Sea
Shipping

US Sanctions and Arctic Blast Drive Oil Prices Higher as Tanker Markets Face New Pressure

Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern

January 15, 2025
Total Views: 800

Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024
Shipping

Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024

Marine fuel sales reached fresh highs at the world's largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container

January 15, 2025
Total Views: 456

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