Shipping Industry News

ABS is urging regulators to adopt a more flexible approach to the International Maritime Organization's greenhouse gas reduction framework, arguing that fuel availability and infrastructure constraints could make it difficult for large segments of the global fleet to comply with increasingly stringent emissions rules.

ABS issued approval in principle (AIP) for the integration of a nuclear reactor into a cargo vessel propulsion system developed by the Massachusetts Institute of Technology (MIT), HD Korea Shipbuilding...

The Houthis, an Iran-backed militant group that controls much of Yemen, declared a ban on Israeli ships in the Red Sea, threatening a key bypass route to the Strait of Hormuz.

TAIPEI, June 7 (Reuters) – Taiwan’s coast guard said on Sunday that its ships had “expelled” four Chinese government ships that entered restricted waters off the island’s south after the two sides broadcast testy...

By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even...

By Sarina Yoo and Denny Thomas Jun 6, 2026 (Bloomberg) –North Korean leader Kim Jong Un said the navy must become part of the country’s nuclear war deterrent, using a ship...

June 6 (Reuters) – Russian forces have attacked two civilian search and rescue vessels in Ukrainian waters, causing injuries, Ukrainian Deputy Prime Minister Oleksiy Kuleba said on Saturday.  “The enemy launched strikes on two boats of the...

By Brendan Murray Jun 6, 2026 (Bloomberg) —Container shipping rates jumped over the past week amid higher fuel costs, congestion at some Asian ports and a pickup in demand heading into...

TAIPEI, June 6 (Reuters) – Taiwan said on Saturday that a Chinese coast guard ship and a survey ship had carried out the first coordinated operation to “provoke” Taiwan, in waters around strategically located...

American forces have counted nearly 1,000 commercial vessel transits in and out of the Strait of Hormuz in the last two months, according to an official familiar with US Central Command operations, a figure that’s higher than private sector estimates that rely mostly on ship transponders.

The Trump administration on Friday imposed a new round of sanctions targeting an international network accused of smuggling Iranian liquefied petroleum gas (LPG) and laundering revenue through shadow banking channels,...

At nearly 40 years old, Lars Jensen’s Volkswagen camper van appeals to him mostly for its lack of modern features. The vehicle he calls “Sally” is just the right rig to drive around Africa over the next 18 months to explore the world’s most promising supply chain frontier.