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U.S. Navy Says Commercial Ship Escorts in Strait of Hormuz Not Feasible for Now
Commercial shipping companies operating near the Strait of Hormuz cannot currently rely on naval escorts from the United States, accord...
Saudi Red Sea Oil Exports Reach Record Levels as Tanker Traffic Rises
Saudi Arabia has sharply increased crude shipments through the Red Sea, sending export volumes to their highest level on record for Mar...
Fairfax Exits Poseidon Investment With $1.9 Billion Share Sale
Canadian investment group Fairfax Financial Holdings has agreed to sell its stake in maritime investment platform Poseidon. The deal va...
Central Europe Strengthens Energy Supply Resilience Despite Iran War Shipping Risks
Central European energy systems are better positioned to withstand supply disruptions linked to the war involving Iran, according to a ...
Oil prices retreat as geopolitical tensions ease
Global oil prices dropped sharply on Tuesday after signals of potential de escalation in the Middle East eased fears of prolonged suppl...
EU ship recycling plans revive debate over India’s Hong Kong Convention compliance
EU review brings ship recycling rules back into focus
The European Union is reviewing its ship recycling framework. As a result, the d...
Russia seeks advantage in volatile global oil shipping market
Russia is moving to strengthen its position in global energy exports as tensions linked to the Iran conflict disrupt oil markets and ma...
Oil Prices Surge Above 119 Dollars as Iran War Raises Shipping Risks
Global oil prices have climbed to their highest level since 2022 as the war involving Iran fuels concerns about energy supply and marit...
France Deploys Warships to Strengthen Red Sea Shipping Security
France will send two naval warships to the Red Sea to reinforce maritime security and protect commercial shipping routes. The move come...
Pakistan Navy Launches Maritime Security Operation to Protect Shipping Routes
The Pakistan Navy has launched a maritime security operation aimed at protecting commercial shipping and safeguarding critical sea lane...