The Bureau of Ocean Energy Management announced Wednesday it will auction approximately 80.4 million acres of federal waters in the Gulf of America in August,… Weiterlesen »Trump Administration Advances Third ‘Big Beautiful’ Gulf Lease Sale as Offshore Program Gains Momentum

The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and… Weiterlesen »Surging Oil Tanker Rates Tipped to Go Even Higher on Iran Risk

Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its… Weiterlesen »China Snaps Up Distressed Russian Oil Cargoes Shunned by India

A major new partnership between South Korea’s Hanwha Ocean and Ontario Shipyards aims to bring large-scale shipbuilding back to Canada’s Great Lakes — while building the skilled workforce needed… Weiterlesen »Canada, South Korea Partner to Rebuild Great Lakes Shipbuilding and Train Submarine Workforce

The U.S. Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies,… Weiterlesen »Supreme Court Strikes Down Trump’s Global Tariffs in 6–3 Ruling

India temporarily extended permission for four Russian insurers to cover tankers calling at its ports, as the government seeks to sustain crude imports while also… Weiterlesen »India Grants One-Month Extension to Russian Marine Insurers

New Zealand has imposed its largest-ever maritime sanctions package against Russia, designating 100 vessels linked to the country’s “shadow fleet” and lowering the price cap… Weiterlesen »New Zealand Slaps Sanctions on 100 Russian ‘Shadow Fleet’ Vessels

DP World and APM Terminals have formed a strategic partnership at Saudi Arabia’s Jeddah Islamic Port, with APM acquiring a 37.5% stake in the Southern… Weiterlesen »DP World, APM Terminals Partner at Jeddah to Strengthen Red Sea Hub

Denmark’s maritime authority said on Thursday it had detained an Iran-flagged container vessel anchored in the Nordic country’s waters on the grounds that it was… Weiterlesen »Denmark Hold Iran-Flagged Containership Over Registration Concerns

The U.S. trade deficit widened to $70.3 billion in December, pushing the full-year 2025 shortfall to $901.5 billion despite months of tariff-driven volatility. Imports rose… Weiterlesen »US Notches One of Its Biggest Annual Trade Gaps Since 1960