Shipping Industry News

Almost six months into the U.S./ Israel war with Iran, the state of the Strait of Hormuz is still constrained. Ambrey has alerted another tanker aborted its transit through the Strait of Hormuz after two explosions were reported 37 NM southwest of Bandar-e-Jask, Iran.

Russia has dispatched an unprecedented convoy of oil tankers to within 500 nautical miles of the North Pole sending the fleet onto one of the most northerly commercial shipping routes ever attempted in the Arctic.

The U.S. Navy’s ambitious plan to design and build a new class of nuclear-powered battleships would cost an estimated $275 billion over the next three decades and place unprecedented demands on...

Europe’s first meaningful rains in weeks are unlikely to be widespread or sustained enough to quickly raise critically-low river levels, prolonging costly shipping and power supply restrictions as another spell of heat threatens to build.

The Houthis on Wednesday claimed responsibility for another attack on a Saudi oil tanker, while UK Maritime Trade Operations (UKMTO) issued a fresh warning about a separate explosion near a...

The global shipping industry is urging the United Nations and the International Maritime Organization (IMO) to oppose any attempt to impose compulsory tolls or transit fees in the Strait of...

Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalized, provided certain third parties did not interfere, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday.

A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran.

U.S. President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations on Tuesday, fueling expectations of an imminent end to the five-month conflict.

A growing flotilla of Iranian oil tankers is gathering off the country’s coast, a sign the renewed US naval blockade is disrupting Tehran’s energy exports and depriving it of much-needed revenue.

U.S. Energy Secretary Chris Wright said the Trump administration is likely to extend its temporary emergency waiver of the Jones Act again, arguing the measure has helped move energy supplies...

An Indian-flagged cargo vessel sank in the Red Sea on Monday after being struck by what appears to have been an explosives-laden boat off Yemen, marking another escalation in the...