The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday.Washington has imposed a blockade on Iran's trade by sea while Iran has fired on ships to prevent them sailing through the Strait of Hormuz waterway at the entrance to the
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.
Pakistan said on Sunday it was preparing to host "meaningful talks" to end the conflict over Iran in coming days even though Tehran earlier accused Washington of preparing a land assault while seeking negotiations.Speaking after talks between regional foreign ministers, Pakistan's Foreign Minister Ishaq Dar said they had covered possible ways to bring an early and permanent end to the war in the
Dating back to the year 1786, Thomas Jefferson wrote to a member of the Continental Congress on the importance of free press keeping government in check. He was quoted as saying if he had a choice between “a government without newspapers or newspapers without a government, I should not hesitate a moment to choose the latter.
The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday."In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels," Bessent told Fox Business Network's "Mornings with Maria" program.
Wärtsilä has identified four key trends it expects to shape the global shipping industry in 2026, citing accelerating digitalization, rising decarbonization pressures and growing uncertainty over regulatory trajectories.The company highlighted lifecycle optimization as a major theme
The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader trade war between the world's two largest economies and pushed up ocean freight costs.The move provides a 12-month reprieve on an estimated $3.2 billion annually in fees for large Chinese-built vessels sailing to U.S.
VULKAN UK has provided the electrical design expertise and power profiles that enables the Silver Raven, the UK’s first fully electric sightseeing vessel, to begin operation in autumn 2025.Commissioned by Woods Tours, designed by One2Three Naval Architects, and built at Pendennis Shipyard in Cornwall, the 39-meter Silver Raven will carry up to 250 passengers per voyage.
The Great Lakes iron ore trade lost momentum in July, with shipments totaling 5.1 million tons — a 10.9% decline compared to the same month in 2024, according to the Lake Carriers’ Association (LCA). The July volume also came in 1.7% below the five-year average, signaling that weaker conditions are not just a one-month anomaly.The year-to-date picture is similarly soft.
South Korean Finance Minister Koo Yun-cheol said on Tuesday he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week, just days before an August 1 deadline expires to avoid punishing tariffs.Speaking at the airport before departing for Washington
ABS Chairman and CEO Christopher J. Wiernicki was honored by The Seamen’s Church Institute (SCI), receiving the 2025 Silver Bell Award for lifelong service and outstanding leadership in the maritime industry.SCI is a nearly 200-year-old charity headquartered in New York that serves and protects the personal and professional lives of mariners and seafarers, both internationally and domestically
AAL Shipping (AAL), a project cargo carrier, released its 2024 Sustainability Report, revealing the company has met 95% of its Environmental, Social, and Governance (ESG) objectives across global operations. The report, developed in alignment with Global Reporting Initiative (GRI) standards, reflects AAL’s deepening commitment to sustainable maritime logistics.