A prolonged closure of the Strait of Hormuz could become the most severe global energy supply shock in decades, with oil prices potentially nearing $200… Weiterlesen »Hormuz Closure Could Send Oil to $200 and Trigger Global Recession, Wood Mackenzie Warns

A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete,… Weiterlesen »New UAE Pipeline Bypassing Hormuz Now 50% Complete, ADNOC CEO Says

Damen Shipyards Group has received class and flag state approval for its ASD Tug 2713 Fuel Flexible (FF) to operate on methanol fuel. The approval… Weiterlesen » Damen ASD Tug 2713 Fuel Flexible receives class and flag state approval

A South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a… Weiterlesen »South Korean, Chinese Supertankers Attempt Strait of Hormuz Exit

South Korea has preliminarily selected shipping company Panstar Line to operate the country’s first trial container voyage along Russia’s Northern Sea Route (NSR), marking a… Weiterlesen »South Korea Selects Operator for First Arctic Container Trial Voyage via Russia’s Northern Sea Route

The U.S. Navy has commissioned USS Cleveland (LCS 31), officially closing out the Littoral Combat Ship program after more than two decades marked by cost overruns,… Weiterlesen »Navy Commissions Final Littoral Combat Ship as Controversial Program Comes to an End

Royal Navy destroyer HMS Dragon has transited the Suez Canal and entered the Middle East ahead of a potential multinational mission aimed at reopening and… Weiterlesen »HMS Dragon Transits Suez Canal Ahead of Potential Hormuz Security Mission

NATO is discussing the possibility of helping ships pass through the blocked Strait of Hormuz if the waterway isn’t reopened by early July, according to… Weiterlesen »NATO Weighing Hormuz Mission If Strait Crisis Drags Into Summer

The U.S. Treasury Department has extended its temporary sanctions wind-down authorization for Russian oil cargoes already at sea, issuing a new general license that keeps… Weiterlesen »U.S. Extends Russian Oil Waiver Through June as Oil Markets Tighten

The U.S. Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven senior executives in what prosecutors describe as a… Weiterlesen »U.S. Alleges Chinese Shipping Container Giants Rigged Global Supply During COVID Crisis