A Mediterranean Shipping Co (MSC) containership has been damaged by an explosion near Iraq’s Umm Qasr port in an incident that underscores the increasingly complex security environment facing vessels operating in the Gulf. The UK Maritime Trade Operations (UKMTO) reported that a cargo ship transiting around 40 nautical miles southeast of Umm Qasr was struck …
European shipping companies will not be forced to pay twice for carbon emissions under both European and International Maritime Organization regulations, European commissioner for sustainable transport and tourism Apostolos Tzitzikostas told delegates at the official opening of Posidonia 2026. Speaking at the opening ceremony of the world’s most famous shipping event, Tzitzikostas sought to reassure …
A Panama-flagged containership has been damaged in what appears to be the third reported attack off Iraq since the outbreak of the U.S.-Iran conflict in late February, raising fresh concerns...
The European Commission may propose leaving the G7 price cap on Russian crude unchanged at its July review, in an effort to curb Moscow's windfall from the Iran war and the ensuing oil price shock, EU diplomats said on Monday.
A growing split is emerging within the global LNG carrier fleet as tightening European emissions regulations begin reshaping vessel economics, according to a new analysis from Wood Mackenzie.
Iran said it would halt talks with the US in protest for Israel’s expanded ground assault in Lebanon, escalating tensions as Washington and Tehran seek to reach an interim peace agreement.
French naval forces have intercepted and boarded another tanker linked to Russia’s so-called shadow fleet, extending a maritime enforcement campaign that has become one of Europe’s most aggressive efforts to...
A recent U.S. court ruling orders the removal of key Trump-era tariffs, creating short-term relief for importers but raising new questions about future trade policy and supply chain stability. The post Trade War Update: White House to Challenge Half of All IEEPA Refunds appeared first on Freightos.
France's navy has intercepted a sanctioned tanker linked to the Russian oil trade in the Atlantic Ocean and ordered the vessel to head for the French mainland, in a move Russia said was illegal and bordered on "international piracy."
France, backed by the UK and other allies, has intercepted a sanctioned tanker linked to Russia’s shadow fleet. French president Emmanuel Macron announced that the tanker Tagor was boarded by the French Navy on Sunday in the Atlantic Ocean, more than 400 nautical miles west of Brittany, after suspic…
A floating object suspected to be a naval mine has been sighted in Omani territorial waters near the Strait of Hormuz. Oman’s Maritime Security Centre issued a navigation warning at the weekend after the object was spotted west of the Inshore Traffic Zone in the strait. The MSC urged all marin…
Chinese turbine maker Ming Yang Smart Energy has signed a memorandum of understanding with Oceanic Wind Energy for a strategic investment partnership in a large offshore wind project in the Hecate Strait off British Columbia. The project is being advanced by Coast Tsimshian Enterprises (CTE) and Oceanic Wind Energy. It has the potential to generate …
Growth as a regional container line expected to outpace feeder operations as Saudi carrier navigates Middle East conflict.
