Shipping Industry News

Aug 1 (Reuters) – Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees on commercial ships transiting the Bab el-Mandeb strait, saying no such decision had been...

Aug 1 (Reuters) – A merchant vessel safely passed through the Red Sea under the protection of the Italian frigate Bergamini, the European Union naval mission ASPIDES said on Saturday. Related Article:...

MOSCOW, Aug 1 (Reuters) – Two Ukrainian drones hit and sank a civilian vessel owned by Russian state nuclear corporation Rosatom sailing in the Black Sea overnight, the company’s head, Alexei Likhachev,...

A GasLog-operated LNG carrier sustained damage while exiting the Strait of Hormuz on Friday as maritime security authorities reported two separate security incidents near the strategic waterway, highlighting the continued...

China's coast guard conducted patrols it described as routine law enforcement in waters east of Taiwan on Friday, angering Taipei, which condemned the move as a political operation aimed at expanding Beijing's control.

New energy data shows the crude cushion that has been built up will be shrinking in the next 2-3 months unless geopolitics improve. In a webinar, Vortexa explained, with Atlantic Basin inflows already slowing and China drawing inventories at up to ~1 mb/d, they see a high risk of significant tightening within the next 2–3 months and estimate that China’s extra crude buffer built since 2025 could be largely worked down within about four months if current draw rates persist.

Record low water levels in Europe's major rivers have curtailed the transport of goods, reduced electricity output and shrunk company earnings, stoking fears about the economic impact of searing heat and erratic rainfall.

A sanctions-hit tanker is leaking oil off the coast of Oman and the spill has spread in recent days, increasing concern about possible environmental damage to coastal areas, according to an analysis of satellite imagery and shipping specialists.

The oil-shuttling service that has been crucial to getting cargoes out of the Strait of Hormuz has picked up again after a recent lull, helping millions of barrels escape as Middle East hostilities escalate.

By Gavin van Marle (The Loadstar) – Container spot freight rates on the transpacific and Asia-Europe trades saw another week of single-digit declines, in the absence of carrier-led price hikes....

The European Commission is facing criticism from environmental campaigners after proposing to add two Indian ship recycling facilities to the EU’s approved list of ship recycling yards, a move opponents...

HD Hyundai has launched the first vessel built at its newly established Subic Bay shipyard, marking the start of full-scale shipbuilding operations at a facility that is central to the...