Shipping Industry News

Following a nine-month hiatus Russia’s LNG shadow fleet is on the move again. Sanctioned LNG carrier Iris (ex-North Sky) passed through the Kara Gate entering Russia’s Northern Sea Route on June 24, possibly heading for the Arctic LNG 2 plant. The move comes after the vessel spent months in ballast idling in the Barents Sea.

International Longshoremen’s Association (ILA) President Harold J. Daggett has issued a remarkable letter of support to President Trump, praising the recent bombing of Iran’s nuclear facilities as a “bold and...

Federal Maritime Commission Chairman Louis Sola has announced he will step down from his position effective June 30, 2025, concluding a significant chapter in U.S. maritime regulatory leadership. “Serving our...

Shipping costs for liquefied natural gas cargoes have rallied to their highest in about eight months with vessel availability tightened by a shift in more ships heading to Asia at the same time as conflict has escalated in the Middle East.

European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy.

Israel and Iran appeared to be honoring a ceasefire agreement unexpectedly announced by US President Donald Trump overnight, after the American leader reacted angrily to early breaches of the deal by both sides.

The car carrier Morning Midas has sunk in international waters of the North Pacific, nearly three weeks after a fire broke out on board, according to salvage operator Resolve Marine. The vessel...

Two weeks from President Donald Trump’s self-imposed deadline to reach deals with the US’s major trading partners, some of the most-watched talks aimed at clinching agreements to avoid higher tariffs are struggling to get over the finish line.

Oil prices settled down more than 7% on Monday, losing more than $5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities.

U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday.

U.S. Transportation Secretary Sean P. Duffy delivered a candid keynote address to the U.S. Merchant Marine Academy’s Class of 2025 graduation ceremony on Monday, acknowledging the significant infrastructure challenges faced...

Despite numerous threats throughout its history, the Strait of Hormuz has never been fully closed to maritime traffic—a testament to its critical importance in global energy supply chains. According to...