Shipping Industry News

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.

Russia’s gas output declined in the first half of the year as higher exports to China and increased domestic demand failed to make up for lost flows to Europe via Ukraine.The nation produced 334.8 billion of natural and associated gas through June, down 3.2% from the same period a year ago, according to Bloomberg calculations based on industrial output data from the nation’s Federal Statistics Service. Russia’s energy giant Gazprom PJSC accounts for nearly two thirds of Russia’s gas output.

Russia on Wednesday began major navy drills involving more than 150 vessels and 15,000 military personnel in the Pacific and Arctic oceans and in the Baltic and Caspian seas, the defense ministry said.

At least four ships carrying copper are trying to reach US ports before August to get ahead of planned import tariffs on the metal. The shipments represent the final scramble by merchants to cash in on a lucrative arbitrage trade that has upended the global copper market since US President Donald Trump first floated the idea of copper tariffs.

The global dry bulk fleet is expanding at only half the pace seen during the 2010s, despite forecasts showing bulker deliveries reaching a six-year high by 2026, according to BIMCO’s...

DNV has awarded a General Approval for Ship Application (GASA) certificate to a consortium comprising Mitsui O.S.K. Lines, MISC Berhad, PETRONAS CCS Ventures, and Shanghai Merchant Ship Design and Research...

Italian logistics provider Grimaldi Group celebrated the naming ceremony of the Grande Shanghai in Haimen, China today. With a capacity of 9,000 CEU (Car Equivalent Units), the vessel is the first of...

TotalEnergies and CMA CGM Group announced today the formation of a 50/50 joint venture to develop and operate an LNG bunkering solution in the Port of Rotterdam. This marks the...

China’s first home-built polar icebreaker Xue Long 2 has arrived in the Arctic for its summer 2025 research mission. The vessel departed from Shanghai around two weeks ago on July 5. After passing through the Bering Strait in proximity to Alaska and entering the Chukchi Sea, the icebreaker has now turned east, traveling into the Beaufort Sea to the north of Alaska.

The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in electric-vehicle battery metals from the bottom of the ocean.

Shipowners and oil traders are staying away from Russia-backed Nayara Energy Ltd. as part of the fallout faced by the Indian refiner, after it was singled out in the latest round of European Union sanctions.

The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving U.S. President Donald Trump's threat of secondary sanctions one of the few remaining economic levers to pressure the Kremlin.