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.
The Liberia-flagged dry bulk ship, Minoan Pioneer, was hit by an unknown projectile close to Oman's coast while sailing through the Strait of Hormuz on Tuesday with the crew abandoning the vessel and one seafarer missing, maritime security sources said."The…
UK-based integrated offshore infrastructure services company North Star has completed a £275 million (US$370 million) debt financing, adding to debt commitments to support continued growth, broadening its lender group and improving its terms.The package is structured across sterling and euro…
[By: The Nautical Institute] The Nautical Institute has launched a global competition asking maritime students and cadets to demonstrate their understanding of pilot transfer safety. The competition has the support of the International Maritime Pilots’ Association (IMPA).
