Oil prices surged around 5% to a two-week high on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia’s… Weiterlesen »Oil Surges After U.S. Sanctions on Russia’s Rosneft and Lukoil

EU’s shadow fleet crackdown expands to 557 vessels with latest sanctions package as Western allies tighten the noose on Russia’s energy sector. The European Union… Weiterlesen »EU Adopts New Sanctions on Russia’s Energy Sector, Banning LNG and Expanding Shadow Fleet Crackdown

China is pushing ahead with imports of US-sanctioned Russian liquefied natural gas, after the White House stopped short of putting additional restrictions on the trade… Weiterlesen »China Keeps Importing Russian LNG After Dodging New US Curbs

Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies, multiple… Weiterlesen »China State Oil Majors Suspend Russian Oil Buys Due to Sanctions

The Pakistan Navy , operating under the Saudi-led Combined Task Force 150 of Combined Maritime Forces, seized more than $972 million worth of narcotics in… Weiterlesen »Pakistan Navy Seizes Nearly $1 Billion Worth of Meth and Cocaine in Arabian Sea

The Drewry World Container Index increased 3% to $1,746 per 40-foot container this week, marking the second consecutive week of gains following a 17-week decline.… Weiterlesen »Container Shipping Rates Rise for Second Straight Week as Carriers Push GRIs

Swedish authorities have boarded a Liberian-flagged bulk carrier off the coast of Gothenburg following reports that the vessel dumped waste in the Baltic Sea near… Weiterlesen »Swedish Coast Guard Boards Bulk Carrier Suspected of Dumping Waste in Baltic Sea

Classification society DNV has awarded HD Korea Shipbuilding & Offshore Engineering an Approval in Principle for a 15,000 TEU container vessel design powered by nuclear-powered… Weiterlesen »DNV Awards HD KSOE Approval in Principle for Nuclear-Powered Containership Design

ABS Wavesight hosts Global Vision and Value Summit 2025, showcasing the power of one and its newest wave of innovative products ABS Wavesight™, the ABS-affiliated… Weiterlesen »Software Innovation Meets Maritime Expertise in Houston Gathering

Six months into Donald Trump’s trade war, the resilience of Chinese exports is proving just how essential many of its products remain even after US… Weiterlesen »China’s $1 Billion of Daily US Exports Show Xi’s Bargaining Power