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.
Facing an onslaught of Ukrainian drone attacks, Russian state shipping company Fesco and Turkish regional operator Kalyon have halted all sailings in the Black Sea, putting a stop to a substantial segment of the logistics network for Russian ports in…
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…
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…
Last week's Ukrainian drone attack on one of its vessels has forced Russian logistics and shipping group Fesco to suspend accepting new shipment orders via the Black Sea, the company said on Tuesday.
