Shipping Industry News

Italy became Europe’s top importer of liquefied natural gas in July as traders made use of government incentives to keep buying cargoes despite soaring prices, while neighboring countries held back on costly purchases and allowed storage levels to lag.

Six Saudi oil tankers are sailing away from the Bab el-Mandeb chokepoint and appeared to be embarking on an unusual trip around Africa as threats from Houthi rebels upend shipping in the Red Sea.

Italian shipbuilder Fincantieri says the United States remains a key strategic growth market as it expands its role in U.S. naval shipbuilding, alongside reporting record first-half earnings and a backlog...

By Lori Ann LaRocco – The unattributed drone attack on the Port of Damietta in Egypt is adding to fears that the war with Iran is spilling over into other...

Saudi Arabia on Thursday unveiled plans for a multinational maritime defense coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one of the world's busiest trade corridors.

DUBAI, July 30 (Reuters) – A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the...

Onboard carbon capture and storage, OCCS for short, has moved well beyond laboratory work. Several systems are now operating at sea. One full-scale installation is demonstrating capture of around fifty...

Global container spot freight rates declined for a third consecutive week, with weakening demand and the end of the front-loading surge continuing to weigh on major east-west trade lanes, according...

A new report from the U.S. Government Accountability Office (GAO) says weaknesses in the Transportation Worker Identification Credential (TWIC) program—including inconsistent communication, incomplete oversight, and delays in deploying biometric card...

Qatar has sent its first shipment of liquefied natural gas through the Strait of Hormuz since one of its tankers was attacked in the waterway more than three weeks ago.

London's marine insurance market has widened the area in the Red Sea it deems as ?high risk after attacks on ships by Yemen's Houthi movement but Egyptian waters were excluded, according to a July 29 advisory.

Explosions hit a natural gas loading port on the Mediterranean Sea in Egypt on Wednesday, and British maritime security company Ambrey said a U.S.-owned floating storage tanker there had been hit by a drone, in a potential spread of the Middle East war.