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World’s Largest Sail Yacht Cruise Ship Sets New Mark on Trials

World’s Largest Sail Yacht Cruise Ship Sets New Mark on Trials

  The sail-powered cruise ship Orient Express Corinthian recently completed its propulsion tests, and builder Chantiers de l’Atlantique reports the ship achieved a speed first for a sailing ship of...

U.S. Issues 30-Day License for Delivery and Sale of Russian Oil at Sea

U.S. Issues 30-Day License for Delivery and Sale of Russian Oil at Sea

  The U.S. Treasury Department late on Thursday, March 12, announced it was issuing a general license authorizing the delivery and sale of Russian crude oil and petroleum products already loaded on...

ThPA S.A. & Five Senses Consulting to Further Develop Cruise Activity

ThPA S.A. & Five Senses Consulting to Further Develop Cruise Activity

[By: ThPA S.A.] ThPA S.A. is partnering with the international consulting firm Five Senses Consulting & Development, specialized in the development of destinations and cruise ports, aiming at the f...

Sweden Intensifies Crackdown on Stateless Vessels with Second Detention

Sweden Intensifies Crackdown on Stateless Vessels with Second Detention

Authorities in Sweden are intensifying a crackdown on unseaworthy vessels that they suspect could be linked to Russia’s shadow fleet. For the second time in a week, Sweden has boarded a vessel trans...

Hormuz Shutdown Hits Key Industrial Commodities, Including Bunker Fuel

Hormuz Shutdown Hits Key Industrial Commodities, Including Bunker Fuel

  The Strait of Hormuz shutdown is having a direct effect on the price of oil and LNG, and in some downstream and byproduct markets, the impact is becoming acute. Net global oil supply is expected...

Iranians Commence Mining in the Strait of Hormuz

Iranians Commence Mining in the Strait of Hormuz

  After a number of earlier unsubstantiated reports, US official sources have confirmed to the New York Times and CNN that the Iranians have commenced laying mines in the Straits of Hormuz, though...

Amidst Tightening Global Supplies, Ukraine Hits Russian Oil Export Pipeline

Amidst Tightening Global Supplies, Ukraine Hits Russian Oil Export Pipeline

  Amidst oil shipping disruption in the Strait of Hormuz, Ukraine has attacked an oil pipeline leading to Russia's export terminals on the Black Sea, hoping to restrict Moscow's access to revenue f...

ONE and Chinese Shipbuilder Increase Investment in Owner/Lessor Seaspan

ONE and Chinese Shipbuilder Increase Investment in Owner/Lessor Seaspan

Three years after taking Seaspan, the leading owner/lessor of containerships to the leading carriers, private Ocean Network Express is set to become its largest shareholder, along with the addition...

U.S. Navy Shot at an Iranian Vessel That Got Too Close to a Supercarrier

U.S. Navy Shot at an Iranian Vessel That Got Too Close to a Supercarrier

  A U.S. Navy surface combatant fired on an Iranian vessel that got too close to the carrier USS Abraham Lincoln this week, officials told CBS on Thursday.  According to two officials, the warsh...

Security Concerns Raised as Saudi Arabia Ramps Up Red Sea Oil Exports

Security Concerns Raised as Saudi Arabia Ramps Up Red Sea Oil Exports

Saudi Arabia’s national oil company, Aramco, is rapidly working to build up operations at its alternate terminal located on the Red Sea at Yanbu. The terminal was designed and built as a backup alte...