The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company as it seeks to shore up finances through a $9.
Maritime agencies Diaplous and Ambrey said on Sunday they had ended their search for the remaining crew of the Eternity C cargo ship that was attacked by Yemen's Houthi militants last week.The decision was made at the request of the vessel's owner, both agencies said.The Liberia-flagged, Greek-operated Eternity C sank on Wednesday morning following attacks over two consecutive days
Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure.Iran has long used the threat of closing the Strait, through which around 20% of global oil and gas demand flows
French shipping group CMA CGM will reorganise its global fleet to avoid U.S. port fees on Chinese-built vessels that are due to take effect from October, the company's finance director said.The port charges are another operational headache for shipping firms wrestling with the fallout from U.S.
Western sanctions imposed on Russia for invading Ukraine and aimed at cutting its oil revenues have led to the rise of a vast "shadow fleet" of tankers helping Moscow keep its crude exports flowing.Here are some key points about these unregulated vessels.WHY IS THIS FLEET IN THE NEWS?Estonia on Tuesday tried to stop an oil tanker, which the UK sanctioned last week
Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river, which has been the subject of a dispute between the Latin American neighbours since colonial days."Facing a larger and more powerful neighbour's designs on our territory has not only threatened our peace and security
An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Iranian coast, a day after Iran said Iraq was exempt from any restrictions to transit the vital sea route, data from LSEG and Kpler showed.The Ocean Thunder loaded about 1 million barrels of Basrah Heavy crude on March 2 and is expected to discharge its cargo in Malaysia's Pengerang, in mid-April
A Ukrainian drone attack struck one of Russia's main Black Sea oil ports on Sunday, causing a fire and damaging at least one ship, as Kyiv tries to undermine Russia's war effort by targeting its energy infrastructure.Ukraine has for several months been striking Russian oil refineries, depots and pipelines in a bid to undermine the Russian economy.
The French Navy said on Tuesday that authorities were investigating a possible infraction by the oil tanker Boracay, a vessel suspected of belonging to the so-called "shadow fleet" involved in the Russian oil trade.The vessel is listed under British and European Union sanctions against Russia. It was detained by Estonian authorities earlier this year for sailing without a valid country flag.
The United States is seeking a regime change in his country with a naval deployment in the Caribbean, Venezuelan President Nicolas Maduro said on Monday in a rare press conference.Tensions between the United States and Venezuela have risen in recent weeks amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S.
A civilian bulk carrier flying the flag of Belize has sustained minor damage after hitting an unknown explosive device near the Ukrainian seaport of Chornomorsk, two sources told Reuters on Sunday.Chornomorsk is a large and strategically important seaport in Ukraine's southern Odesa region
The international treaty on the high seas, which focuses on conservation and sustainable use of maritime areas beyond national jurisdictions, has received sufficient support to take effect early in 2026, French President Emmanuel Macron said on Monday.Speaking at the third United Nations Ocean Conference in Nice, Macron said 55 countries' ratifications of the treaty have been completed