Shipping Industry News

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed new sanctions on multiple networks involved in transporting and purchasing billions of dollars’ worth of Iranian...

One of the US largest exporters of liquefied natural gas, Venture Global Inc., is raising questions over how to share a common waterway with a planned neighbor — it’s a move that underscores a coming bottleneck for shipping space in an energy sector that the Trump administration is supporting for increased exports.

Kuwait has launched the world's most advanced unmanned surface vehicle (USV) as part of a $213 million maritime surveillance contract with British firms SRT Marine Systems and Ocean Infinity. The vessel, called 'Needlefish,' represents a significant leap forward in maritime security technology.

Two crew members from the Singapore-registered oil tanker Hafnia Nile have been charged under the country’s Merchant Shipping Act following a collision that resulted in one death and serious injuries...

Fincantieri SpA is set to appoint George Moutafis as head of its US unit, according to people familiar with the matter, betting on an American shipbuilding revival under President Donald Trump.

Transmarine Navigation Corporation (TNC) and T. Parker Host (HOST) have announced a merger, creating what industry insiders are calling a “marine logistics powerhouse” with combined operations spanning both U.S. coasts...

By Christopher Charleston and Nicholas Lua (Bloomberg) — US ethane producers said the government has removed license requirements for shipping the gas to China, clearing the way for deliveries to the...

Washington Governor Bob Ferguson has selected Florida-based Eastern Shipbuilding Group to build three new 160-vehicle hybrid-electric ferries in a contract valued at $714.5 million. The Washington State Ferries (WSF) will...

The German government is still in talks with Thyssenkrupp TKAG.DE over a spin-off of its naval ship building division TKMS, officials said on Wednesday, after a report said Berlin had no plans to take a stake.

Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss of the U.S. and European markets was offset by more cargoes sent to China, according to shipping data and documents.

The 172,846 cbm LNG carrier Georgiy Ushakov crossed the Arctic from Russia’s Yamal Peninsula to the Bering Strait in less than 10 days passing through extensive late-winter sea ice. The Arc7 ice-class gas tanker was accompanied by the nuclear icebreaker Yamal for part of the 2,500 nautical mile journey.

U.S seaborne grain exports increased 9% year-over-year during the first half of 2025, despite significant challenges from Chinese tariffs, according to a new analysis from BIMCO. “During the first half...