The Internal Revenue Service has issued new guidance clarifying that foreign shipping companies operating between U.S. ports under the Jones Act waiver cannot claim a longstanding tax exemption normally available...

Ukraine has paused drone strikes on oil tankers using Russia's Black Sea port of Novorossiysk after a request from U.S. Vice President JD Vance, the Financial Times said on Wednesday, citing Ukrainian officials.

A vast oil spill in the Gulf is quickly becoming one of the world’s worst in years after being allowed to spread almost unchecked for weeks, according to international agencies, satellite imagery and environmental groups.

The International Energy Agency has again cut its outlook for global oil supply and demand as renewed fighting around the Strait of Hormuz disrupts Gulf exports, drains inventories and pushes...

Taiwan's government condemned planned Chinese navy drills with an Indonesian warship off its east coast, saying they were dangerous and showed Beijing was trying to create a false impression that it controls those waters.

President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their positions in deadlocked negotiations over the critical waterway.

By Lucia Kassai and Ruth Liao (Bloomberg) — A container ship paid $4 million to cut the line at the Panama Canal, where wait times are stretching more than a week,...

U.S. Energy Secretary Chris Wright said oil flows out of the Persian Gulf have climbed to roughly 15 million barrels per day as U.S. military operations and expanded pipeline capacity...

Water levels on the Rhine river are dwindling further, with no relief in sight, forcing companies that rely on the waterway to adjust rapidly to keep goods flowing.

Four crew members were killed in an attack by Iran-backed Houthis on a small cargo ship in the Bab el-Mandeb strait on Tuesday, Yemen's transport ministry said, while sources reported a missile attack on a container ship off Pakistan in a suspected U.S. strike.

MSC Shipmanagement Limited has been fined $6 million and placed on four years of probation over the 2024 “runaway ship” incident involving the containership MSC Michigan VII in Charleston, South Carolina, which...

Aug 11 (Reuters) – The United Kingdom Maritime Trade Operations said on Tuesday it received a report of an incident involving a container ship and military forces in the Gulf of Oman,...