Shipping costs for liquefied natural gas cargoes have rallied to their highest in about eight months with vessel availability tightened by a shift in more ships heading to Asia at the same time as conflict has escalated in the Middle East.

Two weeks from President Donald Trump’s self-imposed deadline to reach deals with the US’s major trading partners, some of the most-watched talks aimed at clinching agreements to avoid higher tariffs are struggling to get over the finish line.

Oil prices settled down more than 7% on Monday, losing more than $5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities.

U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday.

U.S. Transportation Secretary Sean P. Duffy delivered a candid keynote address to the U.S. Merchant Marine Academy’s Class of 2025 graduation ceremony on Monday, acknowledging the significant infrastructure challenges faced...

Despite numerous threats throughout its history, the Strait of Hormuz has never been fully closed to maritime traffic—a testament to its critical importance in global energy supply chains. According to...

The maritime industry’s leading ship management body has issued a strong call against the criminalization of seafarers ahead of the global Day of the Seafarer celebration on June 25th. InterManager,...

Russia’s Yamal LNG project has dispatched the first gas carrier in the direction of Asia via the Northern Sea Route. Two nuclear icebreakers, Yamal and Vaygach, set off ahead of Georgiy Ushakov to scout ahead and escort the LNG vessel. Georgiy Ushakov has reached the East Siberian Sea and is currently following behind nuclear icebreaker Yamal as the two ships encounter thicker remaining winter sea ice.

By Alex Longley and Viktoria Dendrinou Jun 22, 2025, 5:10 AM (Bloomberg) –The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels...

By Alex Longley and Viktoria Dendrinou Jun 22, 2025 (Bloomberg) –Greece’s shipping ministry advised the nation’s vessel owners to review the use of the Strait of Hormuz after the US conducted...

June 22 (Reuters) – Iran’s top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday, after parliament reportedly backed the measure...

By Lori Ann LaRocco – Ocean freight spot rates from Shanghai to the Arabian Gulf’s largest port, Jebel Ali, are surging. Xeneta average spot rates show an increase of 55%...