The US Department of Transportation and the Port of Corpus Christi have signed a memorandum of cooperation to explore the use of small modular reactor technology in maritime applications.Under the agreement, officials from the Maritime Administration and port management will…
Global crude prices rose more than one per cent on Wednesday and were trading near a three-week high hit during the session, as investors worried about escalating tensions in the Middle East after the United Arab Emirates decided to suspend…
Eidesvik Offshore reported freight revenue of NOK204.5 million ($19.43 million) for the second quarter of 2026, up from NOK198.5 million in the same period last year.
Attacks on shipping have shut down more than 97 per cent of Russia and Ukraine's grain export capacity in the Azov and Black Sea basin, cutting off a major source of low-cost supplies and helping to drive up global prices.
An oil tanker under US sanctions for allegedly transporting Iranian petroleum products has become the latest victim of resurgent Somali piracy when it was boarded off the coast of Yemen and diverted toward Somalia.
Russia is rerouting Kazakhstan's crude oil exports from the Baltic port of Ust-Luga to the Black Sea port of Novorossiysk, freeing up capacity for more Russian oil exports from the Baltic amid heightened Black Sea security risks, four sources said.Kazakhstan…
