Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.Efforts to build a more lasting peace in the region likewise appeared to be on shaky ground…
More than 20 commercial ships have passed through the Strait of Hormuz in the past 24 hours, the Wall Street Journal reported on Tuesday, citing U.S. officials.Reuters could not immediately verify the report.Earlier on Tuesday, the U.S. military's Central Command said no ships have made it past a U…
Rosneft is diverting oil supplies to the Tuapse refinery from the Black Sea port of Novorossiysk after the terminal, which handles roughly 14% of Russia's crude exports, was heavily damaged in a drone attack, three sources said on Monday.A Ukrainian…
President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U…
British Prime Minister Keir Starmer spoke with U.S. President Donald Trump on Thursday about the need for a plan to restore shipping through the Strait of Hormuz 'as quickly as possible,' following a U.S. ceasefire with Iran, Downing Street said…
'By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted…
The future of shipbuilding and maritime competitiveness will be featured at the Maritime Risk Symposium 2026, hosted by the Institute for Homeland Security, Sam Houston State University. On June 2–3 at LyondellBasell Center for Petrochemical…
