Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping and insurance industry sources said on Thursday.

Global merchandise trade accelerated in the World Trade Organization’s latest assessment, with a surge in imports tied to tariff stockpiling outweighing a slowdown in export orders.

REGENT Craft has announced the successful completion of its first crewed foil-mode testing of the Viceroy seaglider prototype, marking a significant advancement in the vessel’s sea trials. This milestone follows...

European Union leaders are to tell the European Commission on Thursday if they want a quick trade deal with the United States at the cost of Washington getting better terms, or to escalate the fight in hope of something better.

President Donald Trump said on Wednesday that the U.S. has not given up its maximum pressure on Iran - including restrictions on sales of Iranian oil - but signaled a potential easing in enforcement to help the country rebuild.

Vice Admiral Joanna M. Nunan, the 14th Superintendent of the United States Merchant Marine Academy, and Rear Admiral David M. Wulf have announced their departures from the USMMA leadership team...

Cheniere Energy, the leading U.S. LNG producer and exporter, has announced a positive Final Investment Decision (FID) on its Corpus Christi Midscale Trains 8 & 9 and Debottlenecking Project, significantly...

Maritime traffic through the strategic Strait of Hormuz dropped significantly on Monday ahead of the ceasefire between Iran, the United States, and Israel. According to the Joint Maritime Information Centre...

President Donald Trump said on Tuesday that China can continue to purchase oil from Iranafter the U.S. bombed the OPEC member's nuclear facilities and hoped that China would also buy "plenty" of it from the United States.

Following a nine-month hiatus Russia’s LNG shadow fleet is on the move again. Sanctioned LNG carrier Iris (ex-North Sky) passed through the Kara Gate entering Russia’s Northern Sea Route on June 24, possibly heading for the Arctic LNG 2 plant. The move comes after the vessel spent months in ballast idling in the Barents Sea.

International Longshoremen’s Association (ILA) President Harold J. Daggett has issued a remarkable letter of support to President Trump, praising the recent bombing of Iran’s nuclear facilities as a “bold and...

Federal Maritime Commission Chairman Louis Sola has announced he will step down from his position effective June 30, 2025, concluding a significant chapter in U.S. maritime regulatory leadership. “Serving our...