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Oil Prices Fall on Looming Supply Glut
Oil prices fell by more than $1 a barrel on Friday as investors weighed…
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Maritime History: Effort Underway to Preserve Historic Passenger Vessel
On January 8, 2026, NYK will launch an expert committee dedicated…
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Iran Seizes Foreign Tanker Over Alleged Fuel Smuggling
Iran has seized a foreign oil tanker near the Iranian island of Qeshm…
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USCG Awaits Additional Forces to Before Seizing Venezuela-Linked Tanker
The U.S. Coast Guard is waiting for additional forces to arrive before…
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Phoenix Assists US Navy with Aircraft Recovery in the South China Sea
Phoenix's International (Phoenix) recently assisted the Naval Sea…
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Eidesvik Offshore Secures Work for Viking Princess PSV
Norwegian offshore vessel owner Eidesvik Offshore has secured a contract…
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BP Sells Majority Stake in Castrol to Stonepeak for $6B
BP has agreed to sell a 65% stake in its Castrol lubricants business…
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Venezuela Passes Law Against Piracy, Blockades Amidst US Tanker Seizures
Venezuela's ruling-party controlled National Assembly unanimously…
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Venezuela Turns to Floating Oil Storage as Onshore Tanks Fill
Venezuela's state-run oil company PDVSA has started filling tankers…
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North Sea Boulevard Reopens After TenneT Offshore Wind Cable Installation
The North Sea Boulevard and Maasvlakte Boulevard are reopened to…
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CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions
Two vessels from CMA CGM, the world's third-largest container shipping line…