Shipping Industry News

Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with both entering the Gulf, shipping data showed.

Iran has published a list of 46 vessels it says violated its arrangements for transiting the Strait of Hormuz, warning that the ships could face fines, detention, seizure or confiscation...

Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-Day” campaign to isolate the country and end nearly six months of war.

The U.S. Maritime Administration has signed an agreement with nuclear technology developer CORE POWER to explore a pathway toward U.S.-flagged nuclear-powered commercial ships, expanding the Trump administration’s push to bring...

The Trump administration on Monday launched a sweeping new economic campaign against Iran, expanding the threat of secondary sanctions to the shipping sector while targeting dozens of companies, individuals and...

Canada is committing more than C$11 billion ($7.95 billion) to build six new icebreakers for the Canadian Coast Guard, the country’s biggest shipbuilding contract in Quebec’s history, as Arctic nations race to replace aging fleets and expand their ability to operate in increasingly strategic northern waters.

By Mitchell Ferman and Alex Longley (Bloomberg) — The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million, the boss of TotalEnergies SE...

UKMTO says a tanker was struck by an unknown projectile about 63 nautical miles west of Yanbu, Saudi Arabia, early Monday, sparking a fire on the main deck. All crew...

Finland’s multipurpose icebreaker Nordica has departed for Canada, where it will provide icebreaking and ice-management services to the Canadian Coast Guard in the Arctic later this year, marking a new step in Finland’s expanding role in the North American icebreaking sector.

The river Rhine in Germany has risen sharply after recent rain, the country’s inland navigation agency said on Monday, with vessels able to load more freight although problems with shallow water persisted.

Klaus-Michael Kuehne, the shipping heir and Germany’s wealthiest individual, who expanded Kuehne + Nagel International AG into one of the world’s biggest sea and air freight forwarders, has died. He was 89.

By Jatindra Dash, Nidhi Verma and Saurabh Sharma NEW DELHI, Aug 23 (Reuters) – India’s Coast Guard and Navy continued search-and-rescue operations off the eastern coast on Sunday after a Panama-flagged cargo vessel carrying 24 crew...