Shipping Industry News

Japan will receive a boost in Middle East crude supply this month as two more stranded Japanese-owned supertankers carrying Saudi oil were exiting the Strait of Hormuz on Tuesday, shipping data showed.

A laden liquefied natural gas carrier was hit by a projectile near the Omani coast as it exited the Strait of Hormuz, heightening unease among shipowners and testing a US-Iran agreement intended to halt attacks in the waterway.

A tanker was struck by an unknown projectile late Monday while transiting just east of the Strait of Hormuz, the latest security incident in one of the world’s most strategically...

Global ship recycler Global Marketing Systems (GMS) says a recent U.S. government license authorizing the recycling of four sanctioned vessels could provide a long-sought legal pathway for retiring aging ships...

Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the Strait of Hormuz. Before long, the covert project became so successful that the United Arab Emirates was already approaching its pre-war rate of flows through the waterway by the time the US and Iran signed their interim peace deal.

The Panama Canal Authority (ACP) will further reduce the maximum authorized draft for vessels transiting its Neopanamax locks later this summer, tightening restrictions as forecasts point to a strengthening El...

The International Maritime Organization (IMO) opened its 137th Council session in London on Monday with maritime security at the forefront, as Secretary-General Arsenio Dominguez highlighted continued instability around the Strait of Hormuz, a...

Every year, Allianz Commercial publishes its Safety and Shipping Review, and every year the shipping industry's commentators reach for the same headline: the long-term decline in total losses, the improving safety record, the falling incident numbers.

Lockheed Martin has agreed to acquire undersea warfare technology company Ultra Maritime from private equity firm Advent in a deal valued at $3.45 billion, expanding its capabilities in anti-submarine warfare...

The head of the International Maritime Organization (IMO) has called for urgent international action to secure the release of 44 seafarers being held captive by pirates in Somali waters, warning...

Maersk and Hapag-Lloyd are taking another cautious step toward restoring container shipping through the Suez Canal, announcing that their AE15 service will transition from the Cape of Good Hope back...

China has launched its annual Arctic summer expedition with four major research vessels heading north, expanding a polar presence that has increasingly drawn the attention of U.S. lawmakers and military planners following last year’s unprecedented Chinese operations near Alaska.