India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said, as the world’s third-biggest importer of oil seeks to have its own fleet to secure supplies.

Yemen's Iran-aligned Houthis announced on Monday what they called a "maritime blockade" on Israel's Haifa port in response to Israel's ongoing conflict in Gaza.

The EU and Britain announced new sanctions against Russia on Tuesday without waiting for the United States to join them, a day after President Donald Trump's phone call with Vladimir Putin failed to elicit a promise for a ceasefire in Ukraine.

The UK has unveiled new measures targeting Russia’s shadow fleet operations and oil trade as part of a broader 100-sanction package. The UK’s latest maritime sanctions specifically target 18 additional...

The European Union has adopted its 17th sanctions package against Russia – its most comprehensive round yet. With today’s addition of 189 shadow fleet vessels the total number of ships sanctioned by the EU now stands at 342; a rapid expansion since the end of 2024 when the list encompassed only 79 vessels.

The National Transportation Safety Board (NTSB) has initiated an investigation into the Mexican Navy training vessel Cuauhtémoc’s allision with the Brooklyn Bridge that resulted in two fatalities. The 297-foot vessel,...

Shipping giant CMA CGM SA is experiencing a sharp upswing in demand for freight transport out of China in a further signal that trade is rebounding after Beijing reached a temporary truce with the US to lower tariffs.

Israeli container shipping company ZIM (NYSE: ZIM) reported strong first-quarter results today, with net income more than tripling to $296 million compared to $92 million in the same period last...

Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be faced with tight capacity and soaring freight rates as new volumes collide with delayed cargo.

Finnish icebreaker builders continue to strengthen their position as the world’s leading firms and their ability to meet the growing demand for icebreaking vessels.

By Andrius Sytas TALLINN, May 18 (Reuters) – Estonia will keep checking Russian “shadow fleet” vessels, Prime Minister Kristen Michal told Reuters on Sunday, days after Russia deployed a SU-35 fighter jet...

By Andrius Sytas TALLINN, May 18 (Reuters) – Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding that it had alerted NATO allies to...