Shipping Industry News

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...

The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil XOM.Nand Chevron CVX.N for making "too much money."

Finnish state-owned icebreaking company Arctia has secured a contract to deploy one of its multipurpose icebreakers to Canada’s Arctic later this year, providing additional capacity for the Canadian Coast Guard...

Oil production in Brazil reached a record high in June as rising supplies from producers a world away from the Middle East cushion disruption from the fallout of the war in Iran.

A cargo ship transiting the Strait of Hormuz was struck by an unknown projectile late Monday, leaving one crew member missing and the ship disabled in the latest attack on...

The prospect of a deal between the US and Iran appeared to be gaining traction on Tuesday, after Qatar said a proposal had been drafted and American Treasury Secretary Scott Bessent sounded hopeful on an agreement to reopen the Strait of Hormuz.

Disruptions on one of Europe’s most important trade arteries are poised to intensify after the Rhine fell to the lowest on record ahead of the peak summer dry season, with conditions likely to worsen in the weeks ahead.

The U.S. Army has used up much of its stockpile of highly accurate long-range missiles during its five-month war with Iran, according to three people familiar with the data, raising concerns about the military's readiness for future conflicts.

Royal Fleet Auxiliary (RFA) personnel will receive above-inflation pay increases and improved leave benefits after maritime trade unions accepted a new agreement with the UK government aimed at supporting recruitment...

The U.S. Department of the Interior has proposed targeted changes to federal regulations governing exploratory oil and gas drilling in Alaska’s Arctic offshore, arguing the revisions will reduce unnecessary regulatory...

Six Saudi-flagged supertankers have changed course in the Gulf of Aden in recent days and are heading to southern Africa following threats by Yemen’s Houthi movement to target Saudi shipping, tracking data showed on Monday.

Iran is betting it can outlast Washington by turning the Middle East's trade routes, shipping lanes and energy infrastructure into pressure points that steadily raise the cost of confrontation, according to Gulf officials and analysts.