Shipping Industry News

In recent days at least a half-dozen sanctioned LNG carriers have received permits to sail Russia’s Northern Sea Route this summer. The vessels include last summer’s “shadow fleet” carriers Arctic Metagas (ex-Everest Energy) and Arctic Mulan (ex-Mulan) as well as recently-reflagged and sanctioned Iris (ex-North Sky), Buran (ex-North Air), Voskhod (ex-North Mountain), and Zarya (ex-North Way).

From Athens to New York, oil tanker companies from Group of Seven nations are flocking back to the Russian oil trade. Tumbling global oil prices this year brought western-owned ships back into legal compliance with a G-7 cap that was designed to curb the Kremlin’s access to petrodollars. At the same time, sweeping farewell sanctions from the outgoing Biden administration temporarily disrupted a so-called shadow fleet of vessels that Russia had been using.

In recent days at least a half-dozen sanctioned LNG carriers have received permits to sail Russia’s Northern Sea Route this summer. The vessels include last summer’s “shadow fleet” carriers Arctic Metagas (ex-Everest Energy) and Arctic Mulan (ex-Mulan) as well as recently-reflagged and sanctioned Iris (ex-North Sky), Buran (ex-North Air), Voskhod (ex-North Mountain), and Zarya (ex-North Way).

A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a trade court had ruled Trump had exceeded his authority in imposing the duties and ordered an immediate block on them.

U.S. Secretary of Energy Chris Wright has approved a final authorization for LNG exports to non-free trade agreement countries from Port Arthur LNG Phase II in Jefferson County, Texas. The...

A comprehensive study from Cardiff University’s Seafarers International Research Centre has uncovered alarming trends in the maritime industry, highlighting increasing fatigue and inadequate medical care among seafarers on cargo ships....

St. Johns Ship Building, a Florida-based shipyard owned by Americraft Marine, has been awarded its first U.S. Navy shipbuilding contract to construct a Dive Support Vessel (DSV). The contract marks...

A critical investigation by the Dutch Safety Board has revealed significant vulnerabilities in the North Sea’s maritime emergency response system, highlighting urgent needs for reform following the July 2023 Fremantle...

The value of Russia’s crude shipments hit a two-year low in the four weeks to May 25 even as Moscow shrugged off a threat that the G-7 group of nations may tighten the price cap on the country’s exports.

The container shipping industry is set for more market volatility following a ruling by the U.S. Court of International Trade that deemed President Trump’s “Liberation Day” tariffs unlawful. The court’s...

The Philippine foreign ministry said on Thursday that China has no right to object to or interfere with its lawful and routine activities in the South China Sea.

Golden Ocean Group Limited (NASDAQ: GOGL) and CMB.TECH NV (NYSE: CMBT) have announced their merger agreement, which will establish one of the world’s largest listed diversified maritime groups. The announcement...