U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron CVX.N, according to sources familiar with the efforts.

Sallaum Lines has taken delivery of two new LNG dual-fuel Pure Car and Truck Carriers, marking a significant expansion of the company’s Ocean Class fleet as it advances its environmental...

A fire in the engine room of the Singapore-registered bulk carrier MANDY has resulted in the deaths of two crew members and left a third hospitalized following an incident off the coast of China.

Tension in one of the world’s most critical maritime chokepoints spiked this week after Iran temporarily restricted parts of the Strait of Hormuz during live-fire military exercises, a move that underscored how quickly geopolitics can ripple through global shipping markets even without a full blockade.

Salvage crews have removed roughly 1,000 gallons of residual fuel from the grounded barge Defiant near the entrance to San Juan Harbor, significantly reducing environmental risk as officials prepare a plan to refloat the 265-foot vessel. The port remains open, and no pollution or injuries have been reported.

Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services for $4.2 billion in a deal that would cement its position among the world’s top five container carriers, expand its Transpacific footprint, and add significant LNG-powered capacity to its fleet.

Los Angeles processed 812,000 TEUs in January, down 12% year over year, with exports hitting their lowest monthly level in nearly three years as tariff uncertainty lingers.

The U.S. Maritime Administration (MARAD) has launched a nationwide recruitment drive for its Centers of Excellence program, opening applications for institutions seeking to train the next generation of maritime workers...

The latest session of the IMO’s Pollution Prevention and Response Sub-Committee didn’t deliver sweeping new rules, but beneath the technical drafting work, PPR 13 signaled a clear shift toward performance-based environmental oversight. From biofouling and Arctic black carbon to scrubber discharges and low-load engine certification, the focus is moving beyond installed equipment to how ships are actually operated, maintained, and managed over their full lifecycle.

A merchant vessel transiting about 70 nautical miles southwest of Aden, Yemen reported an encounter with armed skiffs on Tuesday, briefly raising alarm before authorities downgraded the situation to “suspicious activity.”

The International Chamber of Shipping is backing efforts to revive U.S. shipbuilding but warning that proposed port fees on foreign-built vessels—projected to raise up to $1.5 trillion—could disrupt global trade and raise transport costs.

Mol Group Nyrt, Hungary’s largest energy company, asked the government to release strategic oil reserves to keep its refineries operating while a key pipeline route through Ukraine remains blocked.