Rates had been held in check last year as OPEC and its allies kept oil off the market. At the same time, a wider energy transition is meant...

Airstrikes in Yemen on January 12 by the US and UK have heightened a sense of chaos for ships in the area, especially after western navies ...

The oil market is bracing for long-term disruptions in the southern Red Sea due to attacks by Houthi militants. Charters of tankers reveal ...

The Suez Canal has been here before. What’s more, the stretch of water joining Europe to the Indian Ocean will face such crises again and a...

Two of the world’s largest container shipping lines said on Friday that they were pausing transits through the Red Sea after their vessels ...

The higher volumes have left shipowners optimistic that earnings will continue to rise after the prolonged period with rates in the doldrum...

A merger of Frontline and Euronav, two of the biggest independent operators of crude oil tankers in the world, will result in the world's l...

The world’s biggest exporter, China is a key hub for the shipping industry. It is also the last country to hew to a Covid Zero policy, with...

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

The situation has raised concerns over safety, as overworked crews increase the risk of serious maritime accidents.

Two liquefied natural gas tankers loaded in the U.S. and bound for Asian markets appear to have changed course in the mid-Atlantic and are ...

Every five years a vessel has to undergo a special survey that costs millions of dollars, money that’s hard to find when vessels are making...

The financial incentive to store, known in trader jargon as contango, has all but vanished.

A new price structure, called a contango, allows the traders to make easy money by buying crude cheap, storing it, and selling it forward.

While the demolition surge reflects the worst charter rates for owners in decades, scrapping often helps set the stage for market recoverie...

Tanker day rates from delivering Saudi Arabia’s oil to Japan, an industry benchmark, fell to $51,000 a day, according to the Baltic exchang...