Shipping Industry News

North Korea said it successfully refloated a 5,000-ton destroyer that suffered damage in a botched launch attempt last month that left it foundering in shallow water, with leader Kim Jong Un vowing to build two more vessels of the same class next year as part of his efforts to boost the country’s naval capabilities.

The Department of the Interior has initiated its first offshore mineral lease evaluation in over 30 years, focusing on waters near American Samoa with the the publication of a Request...

The U.S. Department of Transportation has named Sang H. Yi as Acting Maritime Administrator (MARAD). As acting head of the agency, Yi will oversee efforts to advance the Administration’s domestic...

The U.S. Coast Guard has announced plans to discontinue approximately 350 buoys in northeastern waters as part of a broader modernization initiative for aids to navigation (AtoN). The proposal, announced...

The Joint Maritime Information Center (JMIC) has issued an advisory about potential maritime security impacts in the Arabian Gulf, Strait of Hormuz, and Northern Arabian Sea after Israeli authorities reportedly...

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.

Today marks the 250th anniversary of what historians consider the birth of the U.S. Merchant Marine and the first naval battle of the American Revolution. On June 12, 1775, merchant...

Several of the world’s largest ocean-tanker operators said they remained calm but cautious after risk warnings from naval forces for vessels operating in and around the Persian Gulf, the world’s largest oil-producing region.

A Taiwanese court sentenced the Chinese captain of a ship to three years in jail on Thursday after finding him guilty of intentionally damaging undersea cables off the island in February, in a case that alarmed Taiwan officials.

OPEC countries have recorded their highest weekly crude tanker loadings since April 2023, with a significant 24% week-on-week increase to 2.281 million barrels per day (mbpd) in week 23, according...

Australia's Defence Minister Richard Marles said on Thursday he was confident the AUKUS submarine pact with the U.S. and Britain would proceed, and his government would work closely with the U.S. while the Trump administration conducted a formal review.

Indian authorities have launched a criminal case against the owner, master, and crew members of the containership MSC Elsa 3, which sank off the coast of Kochi, India, last month....