The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran.The sanctions came after Secretary of State Marco Rubio said the U.S. will hold direct talks with Iran on Saturday in Oman.
Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025).The revenue for FY2025 2nd quarter was $4.455 billion, with net profit of $285 million."Our FY2025 2Q results underscore ONE’s resilience and stability in a challenging market.
Columbia River Pilots is an association of independent pilots, a unique organization that uses a network of pilots and independent boats to manage a long stretch of river in the U.S. Pacific Northwest. Capt. Jeremy Nielsen serves as President, Columbia River Pilots, and in addressing the challenges his organization faces
Ocean Network Express (ONE) named the 13,900-TEU ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels. The naming ceremony took place at the Hiroshima Shipyard of Imabari Shipbuilding Co. Ltd. in Japan, marking another milestone in ONE's fleet expansion program.
Tugboat and towboat owners across the nation eye fuel efficiency and emission reduction technologies and techniques in advance of increasingly stringent regulations.he first half of 2025 has seen a great deal of attention on emissions from vessels, with an eye towards their continued reductions in the coming years.
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft.
South Korean President Lee Jae Myung and U.S. President Donald Trump will hold their first summit meeting on August 25 in Washington to discuss strengthening the countries' alliance and economic security partnership, Lee's office said on Tuesday.Lee, who was elected president in a snap election in June
Swire Shipping commemorated the relocation of its Tokyo office to new premises in Minato-ku, central Tokyo, with a celebration attended by over 120 guests. Located in the Atago Green Hills MORI tower, the new office marks Swire Shipping’s expanding presence in Japan and its commitment to the Japanese market and customers.
The World Shipping Council (WSC) Board of Directors has elected Soren Toft, CEO of MSC Mediterranean Shipping Company, as the new Chair of the World Shipping Council Board.“It is an honor to step into the role of Chair for the World Shipping Council and to represent the global liner shipping industry alongside our members.