The U.S. Navy’s Military Sealift Command is a critical part of the United States’ national security equation, as any navy only goes as far as its supply chain allows. RADM Benjamin Nicholson, Commander, U.S. Navy Military Sealift Command, visited with Maritime Matters: The MarineLink Podcast, for a deep discussion on MSC
Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday.The plan could serve as a basis to end the disruption to trade through the strait caused by the U.S.-Israeli war on Iran.President Donald Trump, who abruptly called off a two-week U.S.
U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile launch sites, in what it described as defensive actions.The strikes came as Iran's top negotiator and its foreign minister were in Doha for talks with Qatar's prime minister on a potential deal with the U.S.
Two more tankers laden with crude exited the Strait of Hormuz last week with trackers switched off to avoid Iranian attacks, Kpler shipping data showed, underscoring a rising trend to sustain Middle East oil exports.The very large crude carrier (VLCC) Basrah Energy loaded 2 million barrels of Upper Zakum crude from Abu Dhabi National Oil Co's (ADNOC's) Zirku terminal on May 1 and exited the
Brazil's Federal Audit Court (TCU) on Monday voted six to three to recommend that operators of existing container terminals at the Santos port be barred from participating in the first phase of bidding for a planned mega terminal, citing concerns over market concentration.The decision deals a blow to companies such as Danish shipping group Maersk
Oil prices slipped after touching a five-month high during a choppy session on Tuesday as traders weighed Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.Yemen's Iran-aligned Houthis said on Monday they launched several attacks on Saudi energy, airport and military targets, such as an Aramco site in Yanbu, the Shaybah oilfield
German shipowners and operators representing 146 vessels from 41 companies were recognized at the ABS-supported AMVER Awards for their role in maintaining maritime safety and their commitment to assisting in search and rescue activities anywhere in the world.Held in conjunction with the SMM maritime conference, the ceremony recognized vessels that contribute to the unique AMVER reporting system
The Port of Albany-Rensselaer, NY hosted a half-day Maritime Summit that featured internationally renowned port, economics, infrastructure, and transportation leaders who addressed the issues, opportunities, and trends facing the transportation/maritime industry here in the Capital Region, across New York State, and around the United States.
Flex LNG Ltd. has secured new long-term charter extensions for two LNG carriers while confirming the start of a major multi-year contract for another vessel, further strengthening its forward revenue visibility.The company said a supermajor charterer has exercised a second extension option for the Flex Resolute and Flex Courageous
Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $80.89 a barrel, up $3.15, or 4.1%, by 0745 GMT. On Monday, the contract surged to as high as $82.
Greece, Israel and Cyprus will step up joint air and naval exercises in the eastern Mediterranean in 2026, deepening their defence cooperation, Greek military officials and a senior source said on Monday.The three eastern Mediterranean nations have drawn closer over the past decade through joint military drills, defence procurement and energy cooperation
Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.