China marked the next milestone in its efforts at expanding the domestic cruise industry with the float-out of its second large domestically built cruise ship. Built for China’s Adora Cruises, the ship will enter service this year, and the company reported it intends...
The Strait of Hormuz shutdown is having a direct effect on the price of oil and LNG, and in some downstream and byproduct markets, the impact is becoming acute. Net global oil supply is expected to fall by eight million barrels per day in March, according to the IEA....
Amidst oil shipping disruption in the Strait of Hormuz, Ukraine has attacked an oil pipeline leading to Russia’s export terminals on the Black Sea, hoping to restrict Moscow’s access to revenue from energy sales. On Thursday, Ukrainian forces struck a key...
A container ship has reported an attack at a position just west of the Strait of Hormuz, according to UK Maritime Trade Operations (UKMTO). At about 0200 hours GMT on Wednesday, the master of a container ship reported that the vessel had been hit by an...
Nearly two months after French authorities intercepted a small vessel smuggling a large amount of cocaine across the Pacific, the same vessel has now turned up off Australia and issued a distress call. ABC News Australia reports the vessel was escorted into Sydney...
The U.S. Treasury Department late on Thursday, March 12, announced it was issuing a general license authorizing the delivery and sale of Russian crude oil and petroleum products already loaded on tankers and at sea in a desperate attempt to stabilize global oil...
