Shipping Industry News

The first two topside modules intended for the third production train of Russia’s Arctic LNG 2 project have been offloaded at Novatek’s Belokamenka construction yard, although newly obtained satellite imagery suggests large-scale assembly work remains largely on hold.

Some Asian crude oil buyers are in talks with Saudi Aramco to potentially reroute flows around Africa after Houthi attacks on tankers in the Red Sea, according to traders familiar with the matter.

Yemen’s Houthi movement has resumed direct attacks on commercial shipping, claiming responsibility for strikes on two Saudi oil tankers just minutes after the UK Maritime Trade Operations (UKMTO) reported a...

The Port of Long Beach has become the first U.S. seaport to formalize a partnership with the U.S. Maritime Administration (MARAD) aimed at advancing small modular reactor (SMR) technology for...

The U.S. Coast Guard’s troubled Polar Security Cutter program faces further delays with a new government watchdog report projecting delivery of the first heavy icebreaker in March 2033, almost a decade later than originally planned.

ABS has awarded Approval in Principle (AIP) for a concept design for a nuclear-powered 15,000 TEU containership developed in collaboration with the Korea Research Institute of Ships and Ocean Engineering...

Ships continue to turn away from the southern end of the Red Sea, after Yemen’s Iran-backed Houthi rebels announced an embargo on Saudi exports through the Bab el-Mandeb Strait, a narrow channel that has become a lifeline for oil exports since the beginning of the US-Israeli war with Iran.

The global offshore marine contracting industry’s improving injury rates are masking a more troubling reality: fatal accidents are rising. That is the central message from the International Marine Contractors Association’s...

President Donald Trump on Wednesday threatened to destroy Iranian bridges and power plants each time Tehran attacks a ship in the Strait of Hormuz, laying out a direct retaliation policy...

The European Union’s naval mission in the Red Sea has raised its threat assessment for the North Red Sea after Yemen’s Houthi movement expanded its maritime campaign to include vessels...

The European Union has boarded another tanker linked to Russia’s shadow fleet as Brussels expands its use of naval forces to challenge vessels suspected of operating under false flags. Forces...

Challenges to shipping in the Middle East escalated, as a call from Iran-backed Houthi rebels against servicing Saudi ports spurred unusual maneuvers in the Red Sea, while a European Union naval group raised its threat level for the waterway.