At least one cargo of gasoline from India has entered Russia's domestic market as Moscow seeks to ease fuel shortages caused by Ukrainian drone attacks on refineries, three industry sources told Reuters and LSEG shipping data showed.Russia has…
Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled.Five commodity vessels transited the strait on Saturday, with none registered for Sunday…
Ukraine has sent Russia an offer suggesting they both halt attacks on civilian targets in the Black Sea, a source said, after mounting strikes on vessels and ports there raised fears over global food supplies.The offer to suspend attacks was transmitted by Kyiv via a third party…
U.S. Customs and Border Protection said on Thursday the Department of Homeland Security has approved a second 90-day extension of a Jones Act waiver first issued on March 17, 2026, allowing certain covered cargoes to continue moving on foreign-flagged vessels between U…
Hapag-Lloyd reported a recovery in second-quarter 2026 earnings as stronger container volumes and spot rates helped counter roughly $600 million in additional costs stemming from the Middle East conflict.The German container shipping group posted Q2 EBITDA of $829 million…
Danish shipping group Maersk on Thursday raised its full-year earnings guidance for a second time this year and smashed profit forecasts as global container demand proved resilient in the face of the Middle East conflict.Surging freight rates…
Just how much crude oil is leaving the Strait of Hormuz?U.S. Energy Secretary Chris Wright claims almost nine million barrels per day, but the companies that track vessel movements say at best it is about half this volume.The amount of crude leaving the Middle East via the narrow chokepoint matters…
'In the first half of 2026, Chinese iron ore mining fell by 7% y/y due to a 6% y/y increase in iron ore net imports and weaker steel production. The country is increasingly sourcing its iron ore from abroad because it is often of higher grade and competitively priced…
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP)…
The U.S. military fired missiles to disable a Panama-flagged cargo ship Tuesday after the vessel allegedly ignored repeated warnings to stop while attempting to violate the U.S. naval blockade of Iranian ports.U.S. Central Command (CENTCOM) said a U…
ABB will supply the integrated power and propulsion system for Grand Tour, a new 230-meter semi-submersible heavy transport vessel being built by Guangzhou Shipyard International (GSI) for offshore contractor Allseas.Scheduled for delivery in 2028…
The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the days after Washington's raid on Venezuela, Lloyd's List reported on Monday.Dubai-headquartered vessel recycling firm Global Marketing Systems purchased the tankers last month for an undisclosed sum…
Descartes Systems Group has released its August Global Shipping with figures indicting that July 2026 U.S. container import volumes increased 4.5% over June to 2,508,310 TEUs, reflecting typical month-over-month seasonal growth.July U.S. containerized…
By Richard Gunn and Julia Cyrson, Reed Smith LLPIn the largest penalty the International Tribunal for the Law of the Sea (ITLOS) has ever levied, a Special Chamber ruled unanimously against Equatorial Guinea on May 27, 2026, ordering it to pay…
Ships are passing smoothly through the Turkish straits to the Black Sea despite heightened concerns about safety, two Turkish government officials told Reuters on Sunday.On Saturday, Bloomberg News reported that Ankara had restricted commercial…