Oil prices rose by more than $3 a barrel on Thursday on news that an Iranian parliament committee is reviewing a bill that would ban US and Israeli vessels from the Strait of Hormuz and fine violators up to a…
Oil prices edged lower on Wednesday on revived expectations of a de-escalation in Iran war hostilities that could restore shipping traffic in the Strait of Hormuz and oil flows in the Middle East.However, losses were capped by a maritime embargo…
A surge in attacks on ships, ports and export terminals in the Black Sea is disrupting global supplies of grain and oil, turning the region into the latest strategic trade chokepoint to be hit by escalating conflict.The Black Sea is…
China Merchants Energy Shipping has signed five shipbuilding contracts through its wholly owned subsidiary, Associated Maritime Company Hong Kong, for five Aframax tankers at Dalian Shipbuilding Industry.
Liquefied gas carrier operator Navigator Holdings reported net income of $53 million for the second quarter ended June 30, 2026, up from $21.5 million in the corresponding period of 2025.
Swedish prosecutors charged the pilot who was aboard the cargo ship Misje Verde for his role in the incident in which the cargo ship ran over a pleasure boat and killed two people while overtaking the small boat.
