Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 44 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues.Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government.
Israeli forces stopped 14 boats carrying foreign activists and aid bound for Gaza, flotilla organisers said on Thursday, but 23 boats are continuing to sail towards the war-ravaged Palestinian enclave, according to the flotilla's tracking system.A video from the Israeli foreign ministry verified by Reuters showed the most prominent of the flotilla's passengers
South Korean defense, shipbuilding and energy solutions provider Hanwha Group has appointed Alex Wong as Global Chief Strategy Officer (CSO) to lead the company's strategic initiatives in international markets.In this newly created role based in Washington, D.C., Wong will spearhead Hanwha's efforts to deepen partnerships, build defense capabilities
The crew of a ship set on fire in an attack in the Red Sea on Sunday abandoned the vessel and were rescued as it took on water, a British maritime agency said, in an assault that private security firm Ambrey said resembles that of the Houthi militant group.The attack, off the southwest coast of Yemen, was the first such incident reported in the vital shipping corridor since mid-April.
The Port of Los Angeles said it has secured about $70 million in federal funding for harbor maintenance and infrastructure upgrades, marking its largest allocation to date.The funding, provided by the U.S. Army Corps of Engineers from the Harbor Maintenance Trust Fund, will support projects including dredging, seismic upgrades and navigational safety improvements.
Four people died after a small boat carrying migrants seeking to reach Britain sank in the Channel and a search and rescue operation was underway, French local authorities said on Thursday."A taxi-boat sinking occurred today. The situation is still being assessed and remains subject to change," local French authorities in Calais said in a press statement.
A Turkish-owned ship that had been waiting near Iran was allowed to pass through the Strait of Hormuz after authorities received permission from Tehran, Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu said.In comments to Turkish media on Thursday that were released on Friday
Equinor has entered into a two-year bio-methanol supply agreement with Wallenius Wilhelmsen, a major global player in shipping and vehicle logistics, supporting a growing marine segment for low-carbon fuels.Soon bio-methanol from Equinor will fuel ships that are bringing cars and machinery from points of production to markets.
Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides signed the agreement at Lebanon's presidential palace and told reporters it would signal deeper cooperation between Lebanon
The International Propeller Club announced its newly elected officers for 2025–2027. Members elected Costis J. Frangoulis, President of the Propeller Club of Piraeus, Greece, as International President at the Club’s 98th Annual International Convention in Lyon, France—a milestone that also marks the first non-American to hold the presidency in the organization’s 98-year history.
Stolt-Nielsen Limited announced that Jens F. Grüner-Hegge, the Company’s Chief Financial Officer (CFO), has decided to retire from his executive position in the second half of 2026. Alex Ng, current Vice President, Corporate Development & Strategy, has been appointed by the Board of Stolt-Nielsen Limited (the Board) as CFO Designate, and will take over the role of CFO as of August 1, 2026.
TOTE Group announced the expansion of its leadership team. Alex Hofeling, currently President of TOTE Maritime Alaska, is being promoted to the new role of Chief Commercial Officer (CCO). With this transition, Bill Crawford, who served as Vice President of Commercial, is being promoted to President of TOTE Maritime Alaska.Hofeling joined TOTE in 2013.