Shipping Industry News

Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a robust outlook that underscores the industry’s optimism over production at sea.

An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by Reuters, despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort.

French shipping group CMA CGM marked a major milestone with the official reflagging of the CMA CGM Phoenix under the U.S. flag in Charleston, South Carolina. At 9,300 TEU capacity,...

Greece will deploy a salvage vessel in the Red Sea to assist in maritime accidents and protect seafarers and global shipping, the shipping minister said on Thursday, following attacks on two Greek vessels by Yemen's Houthi militants this month.

Iron ore shipments from Australia’s largest bulk-export terminal swelled to a record in June, in a sign of ample seaborne supplies just as concerns mount about the outlook for Chinese demand.

Russia's FSB security service has started handing out clearance for foreign tankers to access the Black Sea ports, allowing for Kazakhstan's oil exports to resume after they were halted for nearly a day, four industry sources said on Thursday.

Equinor has reported a significant impairment of $763 million related to its Empire Wind 1 offshore wind project and South Brooklyn Marine Terminal development in its second quarter 2025 financial...

The White House announced Wednesday that Japan has agreed to a $550 billion package of U.S.-bound investment and loans as part of a new trade deal with the United States....

People in a wooden boat opened fire on a Comoros-flagged livestock carrier in the Red Sea near Yemen on Thursday, and the vessel was detained by the Yemeni Coast Guard, according to the United Kingdom Maritime Trade Operations (UKMTO).

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has launched the Acadia at Hanwha Philly Shipyard, marking a significant milestone in the U.S. offshore wind and maritime industry. The vessel...

European shipyards continue to play a fundamental role in keeping Russia’s fleet of liquefied natural gas carriers in service. As summer maintenance season begins the first Arc7 ice-class gas carriers in service of the Yamal LNG project have arrived at the Fayard A/S shipyard in Odense, Denmark.

Iran warned a U.S. destroyer on Wednesday to change course after it approached waters being monitored by the Islamic Republic, leading the U.S. ship to turn away, Iranian state media reported. The U.S. Navy and U.S. Central Command, which overseas U.S. forces in the Middle East, had no immediate comment on the report.