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India's Fleet Review Begins, With Iran Present But Not the U.S. Navy

India's Fleet Review Begins, With Iran Present But Not the U.S. Navy

  The International Fleet Review being hosted by the Indian Navy has been getting underway in the port city of Visakhapatnam, home of the Indian Navy’s Eastern Command. Visak, as it is known, is al...

Russian Energy Export Sales Fall to Lowest Level Since Start of Ukraine War

Russian Energy Export Sales Fall to Lowest Level Since Start of Ukraine War

  Under pressure from Western sanctions, Russia's oil and gas revenues have fallen to the lowest level recorded since the beginning of the invasion of Ukraine in 2022, according to new figures from...

Port of Los Angeles Expects Continued Weakness After January Decline

Port of Los Angeles Expects Continued Weakness After January Decline

The Port of Los Angeles foresees continued weakness in container volumes for the first quarter of 2026 after a 12 percent decline in January. However, while highlighting that it does not expect incr...

Japanese Investors Back U.S. Offshore Oil Terminal in Deal With White House

Japanese Investors Back U.S. Offshore Oil Terminal in Deal With White House

  Japanese investors has agreed to back a large-scale offshore loading terminal off the coast of Texas, the newly-permitted Texas GulfLink project. The agreement is one of Japan's first efforts to...

UK Sells Two Fleet Oilers to Private Operator Inocea Group

UK Sells Two Fleet Oilers to Private Operator Inocea Group

As part of the ongoing efforts that are downsizing and reshaping the operation of the Royal Navy and Royal Fleet Auxiliary, the UK has entered into a deal to sell the resupply/tankers RFA Wave Knigh...

Russian Navy Arrives in Bandar Abbas for Iranian Exercises

Russian Navy Arrives in Bandar Abbas for Iranian Exercises

  The Russian Steregushchiy-class corvette Stoykiy (F545) has arrived in Bandar Abbas in advance of a naval exercise to be held jointly with the regular Iranian Navy at the end of this week.  The e...

Report: Private Equity Bids Lining Up for Marine Engine Company Everllence

Report: Private Equity Bids Lining Up for Marine Engine Company Everllence

Private equity buyers are reportedly showing a strong interest in Everllence (formerly MAN Energy Solutions), according to a report in the Financial Times. The newspaper broke the news last fall tha...

Argentine Mariners Strike to Protest Law That Cuts Pay, Benefits and Rights

Argentine Mariners Strike to Protest Law That Cuts Pay, Benefits and Rights

  Argentina's maritime labor unions are going on strike to protest a proposed labor law that could eliminate overtime pay, reduce the right to strike, and restrict unions' ability to organize. The...

CMA CGM  Signs India’s First Shipbuilder Order for Containerships

CMA CGM Signs India’s First Shipbuilder Order for Containerships

  France’s CMA CGM Group and India’s Cochin Shipyard finalized a contract for the construction of containerships, which is being called a defining moment for the Indian shipbuilding industry and th...

Reports of Closure in the Strait of Hormuz Overstated

Reports of Closure in the Strait of Hormuz Overstated

  A range of international media outlets, some with rigorous collateral information checking protocols, accepted Iranian claims that the IRGC had closed sections of the Straits of Hormuz yesterday...