Feb 16, 2026 – A significant shift is happening in the oil market, driven by a South Korean businessman who is making major moves in the tanker industry, aided...
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Operations at the floating LNG import facility Mukran, located off the Baltic coast of Germany, restarted this week after the multipurpose vessel Neuwerk clear...
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By Nicole Jao, Shariq Khan, Marianna Parraga and Arathy Somasekhar NEW YORK (Reuters) – Valero Energy is planning to purchase up to 6.5 million barrels of Vene...
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By Alastair Gale and Gareth Allan (Bloomberg) – Japan has taken action against a Chinese fishing vessel that entered its exclusive economic zone (EEZ) near Na...
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The Mediterranean Shipping Company (MSC), based in Geneva, has achieved a significant milestone by surpassing a total containership capacity of 7.2 million TEU...
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By Timothy Gardner WASHINGTON, Feb 13 (Reuters) - The U.S. has relaxed sanctions on Venezuela's energy sector. On Friday, they issued two general lice...
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America constructs less than 1% of commercial ships. The White House's Maritime Action Plan relies on vessel fees, a trust fund, and designated zones, but the...
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Global container shipping rates have decreased for the fifth consecutive week, dropping by 1% to $1,933 for a 40-foot container. This decline comes as the expe...
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In 2025, South Korea's HMM managed to remain profitable despite tough challenges in container shipping. The company reported a 13.4% operating margin, even as...
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