Shipping Industry News

President Donald Trump said on Monday that the United States would probably take over the Strait of Hormuz and should be reimbursed for controlling the vital waterway.

A strengthening El Niño is on track to become one of the strongest events in the historical record, raising fresh concerns for global shipping just days after the Panama Canal...

The United States carried out a fourth wave of military strikes against Iran on Sunday, expanding its campaign to degrade Tehran’s military capabilities after a series of attacks on commercial...

European Union countries paid an estimated 5.96 billion euros ($6.82 billion) for liquefied natural gas from Russia’s Yamal LNG project during the first six months of 2026, underscoring the bloc’s continued reliance on Arctic gas despite an impending ban on Russian LNG imports, according to analysis published on Monday.

A handful of ships have passed through the Strait of Hormuz in secret in recent days, even as observable crossings all but ceased after a flare-up in fighting between the US and Iran.

U.S. and Iranian forces exchanged heavy missile and drone attacks over the weekend and into Monday, with Tehran striking U.S. facilities across the Gulf and saying it had again closed the Strait of Hormuz, sending oil prices higher.

SINGAPORE, July 13 (Reuters) – The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships...

SEOUL, July 13 (Reuters) – The South Korean navy early on Monday morning recovered the body of a seaman who went missing at sea over the weekend near the maritime border with North Korea, the navy said in a statement....

By Kanoko Matsuyama and Rong Wei Neo Jul 12, 2026 (Bloomberg) –Oil jumped as the US and Iran exchanged fresh strikes, with the sides offering conflicting statements on whether the Strait of...

The United States launched a third round of military strikes against Iran on Saturday after a Cyprus-flagged container ship was attacked while transiting the Strait of Hormuz, further escalating the...

By Bloomberg News Jul 12, 2026(Bloomberg) –Russia and Ukraine attacked each other’s key grain export gateways overnight after shipping across the Sea of Azov was disrupted the previous day, triggering a...

SEOUL, July 12 (Reuters) – South Korea’s unification ministry is seeking North Korea’s help to find a missing seaman near the two countries’ border on the east coast, it said on Sunday....