Shipping Industry News

The U.S. on Tuesday rejected the "Net-Zero Framework" proposal by the International Maritime Organization, which is aimed at reducing global greenhouse gas emissions from the international shipping sector, and threatened measures against countries that support it.

(Bloomberg) — Indian refiner Nayara Energy is set to receive the lowest-ever amount of crude this month, as oil imports and product exports buckle under the weight of EU sanctions. Nayara...

The Trump Administration has issued a strong rebuke of the International Maritime Organization’s proposed “Net-Zero Framework,” characterizing it as “effectively a global carbon tax on Americans levied by an unaccountable...

Seaspan Energy and Anew Climate have established a strategic partnership to deliver renewable liquefied natural gas (R-LNG) to maritime customers along the North American West Coast, marking the first service...

South Africa will submit a revised offer for a trade deal to Washington on Tuesday, the trade minister said, in an effort to lower the 30% tariff rate U.S. President Donald Trump imposed on exports to the United States last week.

Russia’s oil shipments nudged down for a third week, but remain comfortably within the range seen so far this year. Threats of additional tariffs are having little immediate impact on flows ahead of a Friday meeting between US President Donald Trump and his Russian counterpart Vladimir Putin.

The U.S. Coast Guard officially commissioned the USCGC Storis (WAGB 21) in Juneau, Alaska on August 10, marking a significant addition to America’s icebreaker fleet amid growing Russian and Chinese...

Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.

State-owned Shipping Corp. of India, the country’s largest shipping line, is working on a plan to purchase 26 India-made ships for 198.2 billion rupees ($2.3 billion) as part of a government initiative to boost the domestic shipbuilding industry, according to people familiar with the matter.

Shorting the stock of the world’s largest listed shipping company during a global trade war may seem like a sure bet. But the investors who’ve loaded up on the trade since April have so far only been handed big losses.

The U.S. Coast Guard is monitoring a passenger vessel that ran aground near Kewalo Basin in Honolulu. The Discovery, a 75-foot vessel operating as a shuttle for Atlantis Adventures, is...

A Chinese navy vessel collided with one of its own coast guard ships while pursuing a Philippine patrol boat in the South China Sea on Monday, according to Manila officials...