Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas
U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions.At the end of two days of intense negotiations in London, U.S.
Britain said on Monday it would radically change its approach to defence to address threats from Russia, nuclear risks and cyber-attacks by investing in drones and digital warfare rather than relying on a much larger army to engage in modern combat.Responding to U.S. President Donald Trump's insistence that Europe take more responsibility for its own security
Four Seasons Yachts reports the appointment of Kate McCue as the inaugural Captain of Four Seasons l, the first ultra-luxury yacht in the highly anticipated fleet. A graduate of the California Maritime Academy, Captain Kate brings nearly three decades of maritime expertise, combining technical precision with a passion for hospitality to create a truly transformative yachting experience.
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies.The Republican's executive order, which was expected
The captain of a Hong Kong-registered ship alleged to have damaged undersea cables in the Baltic Sea was assigned a lawyer in a Hong Kong court on Friday, with the case adjourned until September to allow the prosecution to gather more evidence.Wan Wenguo, the captain of the container ship NewNew Polar Bear
India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, according to shiptrackers and three trade sources, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.Increased diesel exports from India, one of the largest suppliers in the region
U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir Basin, the Turkish energy minister said.If confirmed, such reserves would place Turkey above some OPEC members such as Congo or Gabon, and other major producers such as the UK.
North Korean leader Kim Jong Un attended a ceremony for the launch of a "new multi-purpose destroyer", state media KCNA reported on Saturday.The 5,000-tonne warship was equipped with the "most powerful weapons" and built "within 400-odd days perfectly with our own strength and technology", the report said, quoting Jo Chun Ryong, a secretary in the ruling Workers' Party.
South Korean authorities found about two tonnes of suspected cocaine on Wednesday on a ship docked at a port, the customs service said, in what appears to be the largest haul of smuggled drugs in the country's history.Korea Customs Service and Coast Guard found 57 boxes of the suspected drug on a bulk ship docked at Gangneung city port on the east coast of the Korean Peninsula
The Massachusetts Port Authority (Massport) today celebrated a record-breaking passenger count at Flynn Cruiseport Boston this year with just over 480,000 passengers, a 29 percent passenger increase over last year.Flynn Cruiseport welcomed a total 167 cruise ships this season –18 more ships and a 12 percent increase over 2023.
Campbell Johnston Clark (CJC) has announced that Kate Law and Neil Jackson have become directors in the international maritime law firm with effect from 1 January 2025.Bringing the number of CJC partners to 22, across offices in London, Newcastle, Singapore and Miami, the appointments exemplify the company’s commitment to promoting from within.