Shipping Industry News

Traffic through the Strait of Hormuz appeared all but deserted on Thursday as commercial operators remain wary of renewed military escalation.

The icebreaking LNG carrier Christophe de Margerie appeared to be attempting an unusually early eastbound transit of Russia’s Northern Sea Route (NSR) this week after loading liquefied natural gas from the sanctioned Arctic LNG 2 project, highlighting both favorable ice conditions and mounting pressure on Moscow to sustain exports to Asia.

The U.S. Treasury Department on Wednesday formally sanctioned Iran’s so-called Persian Gulf Strait Authority (PGSA), accusing the organization of working with the Islamic Revolutionary Guard Corps (IRGC) to extort commercial...

President Donald Trump on Wednesday dismissed a report that Iran and Oman would manage shipping through the Strait of Hormuz as part of a deal to end the war, in a sign that any potential agreement remained elusive.

The Port of Long Beach is offering a $1 million prize to the first ocean-going vessel to complete a commercial-scale methanol bunkering operation at the Southern California gateway, marking one of the...

The Trump administration’s emergency Jones Act waiver is rapidly reshaping U.S. oil flows, opening domestic shipping routes to foreign-flagged tankers and triggering trade patterns rarely seen in modern American energy...

A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said.

LONDON, May 27 (Reuters) – Dubai-based GMS has won U.S. government approval to scrap four container ships that were under Iran-related sanctions, potentially paving the way for Washington to reduce the shadow fleet of...

Scorpio Tankers is moving to reshape its product tanker fleet, announcing agreements to sell four LR2 tankers while lining up two new MR newbuildings and preparing to repay all secured...

The world may need to find a way to get by on less oil and gas if the Strait of Hormuz remains closed much longer dueto the U.S.-Israeli war on Iran, Dallas Federal Reserve President Lorie Logan said on Wednesday.

Sean Pribyl and Rear Admiral James Watson, USCG (ret.) As Maritime Week put the spotlight squarely on Washington, D.C.’s maritime sector, the Maritime Action Plan (MAP) continued to attract attention...

Another tanker carrying liquefied natural gas from Abu Dhabi National Oil Co. has exited the Strait of Hormuz, adding to a recent uptick in energy flows through the vital waterway.