Shipping Industry News

Commercial shipping in the Middle East may face a new threat after a wave of Israeli attacks against Iran’s military and nuclear leadership further destabilised the already volatile region, with concerns rising over a potential blockade of the Strait of Hormuz.

Israel’s overnight airstrikes on Iran drove up freight rates and tanker stocks Friday as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.

Finnish prosecutors are considering pressing charges against three senior officers of an oil tanker suspected of damaging undersea power and telecommunications cables in the Baltic Sea in December, police and the prosecutor said on Friday.

Israel launched extensive pre-emptive airstrikes against Iran early Friday morning in a major escalation of regional tensions, targeting Tehran’s military leadership, scientific experts, and nuclear facilities—an action with significant implications...

Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel's attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region.

On the way to its initial Arctic deployment U.S. Coast Guard polar icebreaker Storis (WAGB 21) has transited through the Panama Canal. The polar class 3-equivalent vessel departed from the Bollinger Shipyards in Pascagoula, Mississippi on June 3, 2025.

North Korea said it successfully refloated a 5,000-ton destroyer that suffered damage in a botched launch attempt last month that left it foundering in shallow water, with leader Kim Jong Un vowing to build two more vessels of the same class next year as part of his efforts to boost the country’s naval capabilities.

The Department of the Interior has initiated its first offshore mineral lease evaluation in over 30 years, focusing on waters near American Samoa with the the publication of a Request...

The U.S. Department of Transportation has named Sang H. Yi as Acting Maritime Administrator (MARAD). As acting head of the agency, Yi will oversee efforts to advance the Administration’s domestic...

The U.S. Coast Guard has announced plans to discontinue approximately 350 buoys in northeastern waters as part of a broader modernization initiative for aids to navigation (AtoN). The proposal, announced...

The Joint Maritime Information Center (JMIC) has issued an advisory about potential maritime security impacts in the Arabian Gulf, Strait of Hormuz, and Northern Arabian Sea after Israeli authorities reportedly...

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.