Commodity vessel transits through the Strait of Hormuz dwindled to just three ships on Wednesday, down from 12 a day earlier and well below the 10-day average of about 17, preliminary ship-tracking data showed on Thursday.The figures exclude any vessels that might have passed through the waterway with their Automatic Identification System transponders turned off to avoid detection.Of the three vessels…
Russia's seaborne oil product exports rose 16.4% month-on-month in August to 4.57 million metric tons, as some domestic refineries completed unplanned maintenance, according to industry sources and Reuters calculations.Fuel exports, mainly naphtha and fuel oil…
Kuwait Petroleum Corp is offering the option of ship-to-ship transfers of its crude oil and petroleum products outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday.'We…
Lloyd's Register (LR) and the Marine Design and Research Institute of China (MARIC) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia…
OceanWings has received an Approval in Principle (AiP) from ClassNK covering its Rigid Fixed (RF) and Rigid Tiltable (RT) wingsails. The approval was presented during an official ceremony at SMM in Hamburg on September 2, 2026.Building on the initial AiP granted by ClassNK in 2025…
Olam Agri and Vitol Bunkers have successfully completed Singapore’s first bio-bunkering operation using Very Low Sulphur Fuel Oil (VLSFO) co-processed with Cashew Nutshell Liquid (CNSL), showcasing a waste-to-energy approach. The operation marks a step forward in the search for practical…
As global trade regulations evolve, tariff exposure becomes harder to predict and sourcing decisions carry greater customs implications, businesses need faster, more connected ways to understand risk before products enter the supply chain.A…
Crowley, a provider of logistics, marine and energy solutions, announced a new weekly container service connecting Port Houston to Santo Tomás de Castilla, Guatemala, and Puerto Cortés, Honduras, two of Central America’s largest and fastest-growing trade gateways…
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…
Firefighters were battling flames on Friday at Russia's Baltic Sea port Ust-Luga, a major energy exports hub, after a fire sparked by a drone attack, regional governor Aleksander Drozdenko said on messaging app Telegram.More than fifty drones were downed in the Leningrad region…
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…
As the ballast water treatment market matures, ERMA FIRST is betting that the future belongs not to a single technology, but to engineering flexibility, lifecycle support and operational excellence.There was a time, not all that long ago, when…
President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry…
The United States has begun importing fuel oil of Iraqi origin shipped through Syria for the first time, according to shipping data and two sources familiar with the operations, as Iraq expands a Mediterranean export route established after disruptions to Gulf trade routes earlier this year…
For decades, cargo criminals followed a familiar playbook: steal consumer electronics, cigarettes, pharmaceuticals or luxury goods. These products were easy to fence and commanded healthy profits. But according to the latest BSI Consulting and TT Club 2025 Cargo Theft Report…
