China's state-owned shipping giant COSCO uses concealed equipment on board its ships to spy on military communications near the coastlines of target nations including the US, two senior Trump administration officials said.The officials, who spoke on condition of anonymity to…
IMO Secretary-General calls for an end to all unwarranted attacks on international shipping arising from geopolitical conflicts. IMO Secretary-General Arsenio Dominguez issued the following statement: "As the IMO Council considers the continued threats to international shipping and the need to…
COSCO Shipping Energy Transportation reported a 140.6 per cent increase in net profit attributable to equity holders to CNY4.556 billion ($668.9 million) for the six months ended June 30, as higher international tanker freight rates lifted earnings.Unaudited revenue rose 30.3…
Iran has added more ships it deems as non-compliant and subject to fines, confiscation or detention if they try to sail through the Strait of Hormuz, according to a government website.Tehran said on August 24 it had blacklisted 45 tankers…
Brent crude prices rose one per cent in a volatile session on Wednesday, driven by renewed military strikes between the US and Iran that have restricted world oil supply.The US-Iran war is now in its seventh month, with the recent…
Casualties reported in a 31 August tanker attack as Iran increases Strait of Hormuz non-compliant vessel list to 56 ships
