Shipping Industry News

Iraq's navy has detained a Liberian-flagged oil tanker in its territorial waters as part of a crackdown on fuel smuggling at sea, sources with the navy and oil and transport ministries said on Friday.

From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy weapon.

The Canadian government is looking hard at developing a remote northern port on Hudson Bay as a conduit for exporting natural gas, potash, canola and other commodities as the country tries to reduce its economic dependence on the US.

The Panama Ship Registry has become the first naval registry globally to implement mandatory traceability for ship-to-ship (STS) operations of hydrocarbons conducted on the high seas. Under the new requirements,...

Norway’s northernmost oil field, Johan Castberg, was officially opened today by Norwegian Energy Minister Terje Aasland, marking a significant milestone for petroleum operations in the Barents Sea region. The field,...

China said its imports of Russian oil are justified, pushing back against US threats of new tariffs after Washington slapped secondary levies on India for buying energy from Moscow.

New Delhi has put on hold its plans to procure new U.S. weapons and aircraft, according to three Indian officials familiar with the matter, in India's first concrete sign of discontent after tariffs imposed on its exports by President Donald Trump dragged ties to their lowest level in decades.

A South Carolina lawmaker is proposing establishing a South Carolina Maritime Academy at The Citadel Military College, aiming to address critical workforce shortages in the U.S. maritime industry while creating...

EU-sanctioned refiner Nayara Energy, part-owned by Russian oil major Rosneft PJSC, has asked the Indian government for help securing vessels to transport products locally after domestic shipowners stopped working with the company, according to a senior government official.

Tougher U.S. trade penalties on goods originating in one country being re-shipped from another are not expected to immediately follow new U.S. tariffs, three people in Southeast Asia with knowledge of the matter said, easing a major cause of concern.

Norway on Thursday announced a new initiative calling on foreign-registered oil tankers in Norwegian economic zones to voluntarily provide insurance information. The measure aims to reduce environmental risks from shipping...

A.P. Moller – Maersk has raised its full-year 2025 forecast for global container market growth following strong second quarter results that defied ongoing geopolitical uncertainties and rate pressures. The shipping...