U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize… Weiterlesen »Phillips 66, Citgo Move Toward Direct Venezuelan Crude Purchases

A fire in the engine room of the Singapore-registered bulk carrier MANDY has resulted in the deaths of two crew members and left a third… Weiterlesen »Engine Room Fire Claims Two Lives Aboard Bulk Carrier Off Chinese Coast

Exports from the Port of Los Angeles fell 8% in January to the lowest level in nearly three years as Trump’s tariffs devastated trade with… Weiterlesen »Los Angeles Port Exports Drop 8% Amid China Trade War

Tension in one of the world’s most critical maritime chokepoints spiked this week after Iran temporarily restricted parts of the Strait of Hormuz during live-fire… Weiterlesen »Hormuz Pressure Play: Iran’s ‘Temporary’ Closure Sends a Strategic Signal to Global Shipping

Russian Foreign Minister Sergei Lavrov told his Cuban counterpart Bruno Rodriguez on Wednesday that Moscow was urging the U.S. not to impose a full naval blockade… Weiterlesen »Russia’s Lavrov Tells Cuban Minister the US Should Negotiate and Not do a Naval Blockade

Donald Trump’s trade levies aren’t the main reason why China is exporting more to other parts of the world, a European Central Bank study showed.

Norwegian Cruise Line Holdings has ordered three new cruise ships from Fincantieri—one each for Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises—with deliveries… Weiterlesen »Norwegian Locks In Three-Ship Fincantieri Deal, Secures Yard Slots Through 2037

Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services for $4.2 billion in a deal that would cement its position among the world’s top five… Weiterlesen »Hapag-Lloyd’s $4.2 Billion ZIM Acquisition Reshapes Global Container Shipping Map

Salvage crews have removed roughly 1,000 gallons of residual fuel from the grounded barge Defiant near the entrance to San Juan Harbor, significantly reducing environmental… Weiterlesen »Salvage Crews Remove Fuel From Grounded Barge Near San Juan Harbor

Los Angeles processed 812,000 TEUs in January, down 12% year over year, with exports hitting their lowest monthly level in nearly three years as tariff… Weiterlesen »Port of Los Angeles Volumes Fall 12% as Tariff Uncertainty Clouds Outlook