President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U.S. forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m.
Shippers on Wednesday said they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran said the waterway remained closed to vessels sailing without a permit.The six‑week conflict had brought traffic through the strait - a chokepoint for about 20% of global oil and liquefied natural gas (LNG) shipments - close to a standstill
The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings outlook, citing market volatility and rising costs.The company narrowed its full-year earnings before interest and taxes (EBIT) forecast to between 0.5 billion and 1.
The U.S. military killed five alleged drug smugglers in strikes against two vessels in the eastern Pacific Ocean, U.S. Defense Secretary Pete Hegseth said on Wednesday, in an expansion of the Trump administration's use of the armed forces in its counter-narcotics campaign.On Wednesday afternoon, Hegseth said the military attacked a vessel in the eastern Pacific Ocean and killed two men on Tuesday.
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 Shell-led LNG Canada facility has produced its first LNG for export in Kitimat, British Columbia, a spokesperson for the project confirmed on Sunday.The milestone comes in advance of the facility loading its first LNG export cargo, which LNG Canada said it remains on track to do by the middle of this year.
The threat that AI and quantum computing pose to cyber security is already here, even before these technologies are mature enough to crack today’s encryption methods. Bad actors are taking a “harvest now decrypt later” approach to cyberattacks.Classical encryption methods like Rivest–Shamir–Adleman (RSA) and Elliptic Curve Cryptography (ECC) rely on the difficulty of factoring large numbers or
ABS awarded approval in principle (AiP) to Overseas Shipholding Group, Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.The development of the barge design is a core component of the Tampa Regional Intermodal Carbon Hub (T-RICH) project to receive
U.S. Trade Representative Jamieson Greer told lawmakers on Tuesday that not all of the agency's proposed multimillion-dollar fees for Chinese-built ships to dock at U.S. ports will be implemented, and they may not be cumulative.Greer told a Senate Finance Committee hearing that the proposals were made to address a lack of shipbuilding in the United States.
Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after a two-week ceasefire agreed between the U.S. and Iran, but said that resuming normal traffic throughout its network would take at least 6-8 weeks.Speaking in a call to customers, CEO Rolf Habben Jansen echoed guarded remarks by peer container shipping group Maersk
At the Annual General Meeting of the International Group of P&I Clubs in London on November 11, 2025, Rolf Thore Roppestad was appointed as the new Chair of the International Group of P&I Clubs.Roppestad succeeds Andrew Cutler, who has served since November 2022. The Group thanked Cutler for his contributions and the positive impacts during his time as Chair.