News
US Defends Waiver On Russian Oil Sanctions
WASHINGTON, March 8 (Reuters) – Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russia...
Second Bulk Carrier Claiming To Be Chinese Passes Through Hormuz Bloomberg
Mar 7, 2026 (Bloomberg) –Another bulk carrier signaled it was Chinese-owned as it sailed through the Strait of Hormuz, the narrow waterwa...
Washington Moves to Break Hormuz Shipping Paralysis With $20B Maritime Insurance Plan
The Trump administration on Friday unveiled a $20 billion maritime reinsurance facility aimed at restoring confidence in commercial shipp...
U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea
The U.S. Treasury Department has issued a temporary sanctions waiver allowing Indian refiners to receive Russian crude oil cargoes alread...
US Pushes For Quickest Fixes To Boost Venezuela Oil Output
Jan 24, 2026 (Bloomberg) –The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers...
Trump’s Move To Send US Ships To Mideast Renews Iran Threat
Jan 23, 2026 (Bloomberg) –President Donald Trump has dispatched naval assets to the Middle East, prompting fresh speculation that he’ll f...
Port of Los Angeles Posts Third-Best Year Ever, Tops 10.2M TEUs in 2025
The Port of Los Angeles handled 10.2 million twenty-foot equivalent units (TEUs) in 2025, cementing its position as America’s busiest sea...
FMC Commissioners Confirm Trump Administration Is Closing Longstanding Harbor Maintenance Tax Loophole
Two Federal Maritime Commission commissioners confirmed Thursday that the Trump administration has begun implementing enforcement measure...
Maritime Piracy Surges in 2025 as Singapore Straits Emerges as World’s Most Dangerous Waters
The world’s busiest shipping lanes saw a dramatic surge in maritime piracy and armed robbery in 2025, with the Singapore Straits accounti...