Shipping Industry News

The European Union has clarified that its upcoming ban on Russian liquefied natural gas extends far beyond imports into Europe, prohibiting EU operators from transporting, trading or marketing Russian LNG anywhere in the world, a move with major implications for both shipping companies and European energy buyers.

Iranian crude oil flows appeared to surge following the lifting of a months-long US naval blockade on the Islamic Republic’s ports, even as visible traffic from its neighbors thinned.

The US-Iran interim peace deal took effect and shipping started returning to the Strait of Hormuz as the US declared an end to its blockade and a complex negotiating period over Tehran’s nuclear program began in earnest.

Russia moved closer to deploying its second domestically built Arc7 icebreaking liquefied natural gas (LNG) carrier on Thursday as the Konstantin Posyet was named at a ceremony attended via video link by Prime Minister Mikhail Mishustin, signalling the vessel is nearing commercial service.

LONDON, June 18 (Reuters) – The interim deal to end the Iran war will include a waiver on sanctioned oil sales but the country still faces a complex web of international restrictions on its...

The United States has formally ended its maritime blockade of Iran, with U.S. Central Command announcing Wednesday that all enforcement operations targeting vessels entering or leaving Iranian ports have ceased....

By Lori Ann LaRocco – Maritime organizations are demanding that the Trump administration provide clear guidance on how stranded vessels can safely leave the Strait of Hormuz. Speaking during Lloyd’s...

The memorandum of understanding signed this week by the United States and Iran does more than end months of conflict and reopen the Strait of Hormuz. It sketches out a...

The signing of a U.S.-Iran memorandum of understanding ending months of conflict in and around the Strait of Hormuz has been welcomed across the maritime industry, but shipowners and industry...

Qatar brought an empty liquefied natural gas tanker back into the Persian Gulf through the Strait of Hormuz for the first time since the war in Iran began, a sign that the key producer is preparing to ramp up exports.

Three Saudi-flagged supertankers with six million barrels of crude onboard sailed through the Strait of Hormuz hours after U.S. President Donald Trump signed a deal with Iran over an end to their war, ship tracking data showed on Thursday.

President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans who said it amounted to a victory for Tehran.