The European Union’s latest effort to restrict Russia’s oil revenue is unlikely to hurt Moscow’s war effort severely, leaving U.S. President Donald Trump’s threat of… Weiterlesen »Holes in EU Russia Sanctions Put Attention Back on Trump Oil Threat

Shipowners and oil traders are staying away from Russia-backed Nayara Energy Ltd. as part of the fallout faced by the Indian refiner, after it was… Weiterlesen »Oil Shippers, Traders Stay Away from EU-Sanctioned Nayara Energy

The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in… Weiterlesen »Trump’s Critical Minerals Obsession Reignites Deep-Sea Mining

Shipping billionaire John Fredriksen is leaving the UK after listing his historic London mansion for a eye-popping $337 million, according to reports. The 81-year-old Cypriot,… Weiterlesen »Shipping Magnate John Fredriksen Selling $337 Million London Mega-Mansion

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated two individuals and five entities involved in money laundering and petroleum… Weiterlesen »U.S. Treasury Sanctions Key Houthi Petroleum Network in Yemen and UAE

BIMCO, the world’s largest shipping association and leading provider of standardized maritime contracts and clauses, has adopted a standard clause to address contractual uncertainties stemming… Weiterlesen »BIMCO Introduces Standard Clause to Address USTR’s Chinese Ship Fees

BAR Technologies has secured a landmark order to install its WindWings propulsion system on two new LR2 dual-fuel tankers, marking one of the first major… Weiterlesen »BAR Technologies Lands Breakthrough LR2 Tanker Order for Wind Propulsion

Foreign vessels will require the approval of Russia’s FSB security service to access the country’s ports, according to a decree signed by President Vladimir Putin.

Hanwha Shipping, a unit of South Korean conglomerate Hanwha Group, announced today it has ordered a liquefied natural gas (LNG) carrier from Hanwha Philly Shipyard,… Weiterlesen »Hanwha Philly Shipyard Lands First U.S. LNG Carrier Order in Decades From Hanwha Affiliate

The ten largest US ports recorded a 7.9% year-over-year drop in inbound container volume in June, marking the second consecutive month of declines following May’s… Weiterlesen »Falling Container Imports Hint at Tariff-Driven Slowdown for U.S. Economy