MSC, the world's largest carrier of ocean container cargo, said on Tuesday all cargo bound for ports in the Gulf will be offloaded at the nearest safe seaport due to ongoing hostilities in the Middle East following U.S. and Israeli attacks on Iran…
Saudi Arabia's state oil company Aramco is attempting to reroute some of its crude exports to the Red Sea to avoid the Strait of Hormuz, where the risk of Iranian attacks has slowed shipping to a near halt, sources said on Tuesday.Saudi Arabia and other regional Gulf oil producers…
Greece's shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an 'alarming' situation that has left dozens of ships stranded in the Strait of Hormuz and the wider area due to the widening Iran conflict…
Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday.'About 10% of the container ship global fleet is caught up in this…
OPEC+ has decided to increase its crude oil production target by 206,000 barrels per day (bpd) for April against a backdrop of heightened geopolitical risk as conflict in the Middle East escalated rapidly over the weekend.Oil markets will enter…
Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, after U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz.'Due to the deteriorating…
At least three tankers were damaged off the Gulf coast and one seafarer was killed as Iranian retaliation for U.S. and Israeli strikes on Iran exposed ships to collateral damage, shipping sources and officials said on Sunday.Risks to commercial shipping have surged in the past 24 hours…
Argentina's lower house of Congress was set to vote on Thursday on a contentious labor reform backed by libertarian President Javier Milei, as unions staged a nationwide strike that has brought parts of the country to a halt.Argentina's largest…
A UK maritime agency said that an incident involving a vessel and small boats around 70 nautical miles southwest of Yemen's port of Aden on Tuesday had been downgraded to 'suspicious activity' as only warning shots were fired.The United Kingdom Maritime Trade…
Russia's Black Sea port of Taman, which handles oil products, grain, coal and commodities, has been damaged by a Ukrainian drone attack, the governor of Russia's Krasnodar region said on Sunday.Two people were injured as an oil storage tank…
Panamanian President Jose Raul Mulino said on Thursday that the concession of contracts to operate two ports held and operated for nearly three decades by Hong Kong's CK Hutchison Holdings will 'never again' be issued to a single company.Panama's…
Congressman Chuck Fleischmann (R-TN), Chairman of the House Energy and Water Development and Related Agencies Appropriations Subcommittee, was presented with Waterways Council, Inc.’s (WCI) 23rd Annual Leadership Service Award on February 4…
U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world's third-biggest oil importer buys. 'We've already made that deal, the concept of the deal,' Trump told reporters…
Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison, leaving the future ownership of some Panama Canal operations unclear and possibly upsetting its plans to sell some terminals.Panama Ports Company (PPC)…
On January 28, 2026, President Donald J. Trump designated Laura DiBella to serve as Chairman of the Federal Maritime Commission.Chairman DiBella was sworn in as a Commissioner on January 6, 2026. She was nominated by President Trump on September 3…
