A.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to cust...

Oil prices dipped Tuesday after a significant surge, as the U.S. Navy initiated operations to reopen the Strait of Hormuz. A U.S.-flagged v...

Oil prices saw a dip on Tuesday. This followed a significant rise after the U.S. Navy began operations to reopen the Strait of Hormuz. A U....

China Detains Panama-Flagged Ships: Nearly 70 Panamanian vessels held in Chinese ports. COSCO suspending operations at Balboa. A $2 billion...

The Strait of Hormuz has effectively shut to global shipping after the US, led by Donald Trump, imposed a blockade on Iran-linked vessels, ...

Maersk executive Emma Mazhari warned of a high risk of falling oil prices due to a slight demand increase and OPEC+'s decision to raise pro...

Four oil tankers, including Toya, Diyyinah-I, Stolt Zulu, and Navig8 Pride LHJ, have changed their course to avoid the Red Sea after strike...

Brent crude was up 49 cents, or 0.6%, to $77.53 a barrel at 1432 GMT. U.S. West Texas Intermediate crude was up 36 cents, or 0.5%, at $72.0...

Brent crude rose $1.03, or 1.3%, to $78.07 a barrel by 0225 GMT while U.S. West Texas Intermediate crude was at $72.53 a barrel, up 88 cent...

Red Sea Attacks: Leading shipping lines' decision to avoid the Suez Canal route amid Houthi attacks has also impacted sunflower oil imports...

The incidents have struck everything from oil tankers to container vessels, pushing shipowners to avoid the route.

A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in ...

Maersk has been close to selling the Maersk Supply Service before. In 2018 it expected to complete a divestment, citing valuation estimates...

By 2050, the United Nations body wants shipping’s total greenhouse gas emissions to at least halve relative to 2008.

Maersk consumes about 12 million tons of marine oil per year, roughly equal to all the oil produced in the world in one day.

The recent closing of freight deliveries from France into the U.K. serves as a reminder that things could become even more snarled, but als...

Bunker prices have tripled within the last three years and bunker costs now constitute nearly half of the total vessel costs, up from 20% a...