Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.

The leader of Yemen's Iran-aligned Houthis, Abdul Malik al-Houthi, said on Thursday his group will monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the 15-month war in Gaza and continue its attacks if it is breached.

The product tanker sector is bracing for a monumental surge in fleet capacity, with newbuild deliveries projected to reach 12 million deadweight tonnes (DWT) in 2025 – a 256% increase...

The cost of shipping Russian ESPO crude to China has more than tripled after the US imposed aggressive sanctions on Moscow’s oil industry last week, with rates expected to climb even higher, according to traders.

Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.

A potential breakthrough ceasefire agreement between Hamas and Israel, set to begin this Sunday, could potentially ease maritime tensions in the Red Sea region, though Houthi rebels in Yemen remain...

Former Congressman Sean Duffy, President-elect Donald Trump‘s nominee for U.S. Secretary of Transportation, expressed unequivocal support for the Jones Act and made significant commitments on transportation infrastructure during his Senate...

NOAA Fisheries has withdrawn its proposed vessel speed rule update aimed at protecting the critically endangered North Atlantic right whales from deadly vessel strikes. The proposed regulation, initially published in...

Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern Hemisphere have pushed Brent crude futures to a...

Marine fuel sales reached fresh highs at the world's largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels.

NATO has launched a major maritime security operation called “Baltic Sentry” in response to a series of suspicious incidents targeting critical undersea infrastructure in the Baltic Sea. The operation was...

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia, industry sources said on Wednesday.