The European Union and the South American Mercosur bloc clinched a long-sought trade deal over the vehement objections of France, which has pledged to lead a charge to obstruct its ratification.

DUBAI, Dec 6 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman said on Friday the OPEC+ decision to push back the start of oil output rises by three months until April was based mainly on fundamentals. “There...

The Panama-flagged cargo vessel MV ISA STAR has been abandoned in the Red Sea after experiencing flooding in its engine room, with all 20 crew members successfully rescued. According to...

Asia-Europe carriers saw their early December general rate increases (GRIs) stick this week, with spot rates into both North Europe and Mediterranean ports seeing double-digit increases.

Units of Equinor and Shell have announced plans to merge their UK offshore oil and gas operations, creating the largest independent producer in the UK North Sea. The 50-50 joint...

LNG-fueled vessels are rapidly emerging as the frontrunner in alternative marine fuels, despite representing just a fraction of the global fleet. A recent report from industry coalition SEA-LNG revealed that...

Global trade in both goods and services is poised to achieve an unprecedented $33 trillion in 2024, marking a substantial $1 trillion increase and 3.3% annual growth despite persistent challenges,...

American Roll-On Roll-Off Carrier Group Inc. (ARC) has integrated the recently reflagged M/V ARC Endeavor into the Maritime Security Program (MSP) fleet as of December 1, replacing the M/V Endurance....

Former White House adviser Peter Navarro has been named to return as senior counselor for trade and manufacturing in President-Elect Trump’s second administration. Trump’s announcement, made via Truth Social, emphasizes...

Sell recommendations on A.P. Moller - Maersk A/S shares are piling up as worries return about oversupply in the shipping market.

MAN Energy Solutions has commenced testing of the world’s first full-scale, two-stroke marine engine running on ammonia at its Research Centre Copenhagen (RCC). The advancement marks a crucial step in...

The International Maritime Organization (IMO) presented the 2024 IMO Award for Exceptional Bravery at Sea to the the Captain and crew of the oil tanker Marlin Luanda and the tugboat Pemex Maya during the...