IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is "more serious than the ones in 1973, 1979 and 2022 together", Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro newspaper."The world has never experienced a disruption to energy supply of such magnitude," he said in an interview with the French newspaper released in its Tuesday edition.He said the European countries…
CMA CGM Promotes PharmaBox for Humanitarian Aid
The CMA CGM Foundation has presented its PharmaBox at an industry trade show.The PharmaBox is a humanitarian innovation designed to store, secure, and preserve medicines in crisis zones.Global humanitarian needs have nearly tripled over the past 10 years, according to the United Nations High Commissioner for Refugees, in a context marked by increasingly frequent and complex crises. In response, logistics has become more critical than ever to humanitarian action…
Virgin Voyages Now Sailing from Port of Los Angeles
Virgin Voyages has started a new West Coast itinerary sailing from the Los Angeles Cruise Terminal, with its newest ship, Brilliant Lady, making the Port of Los Angeles its homeport this spring.“Virgin Voyages brings a fresh, contemporary cruise product to Los Angeles, and we’re proud to welcome them as a new homeport partner,” said Port of Los Angeles Executive Director Gene Seroka. “With these well-crafted itineraries…
Jones Act Waiver Not Boosting Oil Flows Within U.S.
U.S. President Donald Trump's move allowing foreign-flagged cargo ships to move fuel and other goods between domestic ports has so far had little impact on American oil supply, according to trade data and analysts who noted that U.S. refiners and shippers are earning more profits sending fuel overseas.Last month, Trump waived Jones Act limitations for 60 days starting March 17, hoping the move would help tame the surge in fuel prices caused by the Iran war by increasing shipments from the U.S.
Port Milwaukee Celebrates Start of 2026 International Season With First Vessel Arrival
Port Milwaukee welcomed the Marshall Islands-flagged Federal Nagara as the first vessel of the 2026 international season on Friday, April 3.The Federal Nagara arrived at the Logistec terminal to unload specialty steel products following its transit through the St. Lawrence Seaway from Spain and Belgium, where it was loaded. The St. Lawrence Seaway locks opened for the season on March 22, connecting the Great Lakes to the Atlantic Ocean. The St.
Ports of Indiana-Burns Harbor Welcomes the First Vessel of the International Shipping Season
Ports of Indiana-Burns Harbor celebrated the start of the 2026 international shipping season Saturday with the arrival of the Ocean7 Ranger. The ocean vessel completed a 52-day voyage carrying equipment for facility improvements at U.S. Steel Gary Works, the largest integrated steel mill in North America.The 2026 opening of the St. Lawrence Seaway to ocean vessels marked one of the shortest winter closures in history, totaling just 69 days from Jan.
Gulf Coast Shipbuilding is the Anchor for America’s Maritime Comeback
The future of shipbuilding and maritime competitiveness will be featured at the Maritime Risk Symposium 2026, hosted by the Institute for Homeland Security, Sam Houston State University. On June 2–3 at LyondellBasell Center for Petrochemical, Energy and Technology in Pasadena, Texas, leaders from industry and academia will examine the strategy, workforce, investment, and partnerships needed to advance America’s maritime comeback.A new era in American shipbuilding is emerging—and the U.S.
Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the state's registry of authorised companies, amid a shortage of gas tankers due to sanctions.Ilya Lushchikov, who is also head of Novatek's Murmansk LNG project, is in charge of the new company, called Severny Inzhiniring, or Northern Engineering, which was set up on March 25, according to the registry.Novatek did not reply to a request for comment.Weste
Oil Prices Fall as US, Iran Consider Ceasefire Proposal Framework
Oil prices retreated in choppy trade on Monday, as investors awaited clarity on the status of indirect talks between the U.S. and Iran, wary about sustained supply losses due to shipping disruptions.Brent crude futures were down 0.22% to $108.79 a barrel at 11:49 a.m. CDT (1649 GMT). U.S. West Texas Intermediate crude futures were trading down 0.08% to $111.45 per barrel.The price moves on Monday were…
Russian Grain Vessel Found After Drone Attack, Towed to Shore
A Russian ship carrying wheat that was believed to have sunk in the Sea of Azov after a Ukrainian drone attack has been found and towed to shore, while the death toll from the attack has risen to three, state news agency TASS said on Monday.Analysts said the April 5 attack on the ship added to risks to global food security and agricultural trade stemming from the ongoing U.S.-Israeli war against Iran.Russian media said the vessel was carrying wheat from the Port of Azov…
Ukrainian Drones Attack Caspian Pipeline Consortium's Black Sea Terminal
Russia on Monday said that Ukrainian drones attacked the Caspian Pipeline Consortium's Black Sea terminal, which handles 1.5% of global oil supply, damaging the single point mooring (SPM), loading infrastructure and four vast storage tanks.Separately, the Ukrainian military said it had struck oil loading facilities at the nearby Sheskharis oil terminal in Novorossiysk.The strikes could be among the…
Sanmar Shipyards, Med Tugs to Expand Mediterranean Tugboat Fleet with Newbuilds
Sanmar Shipyards and Med Tugs have officially entered into a strategic agreement for the construction and delivery of two tugboats. Executed through the joint venture company SVS—comprising Vernicos Scafi, Spanopoulos, and Lyboussakis—the project marks an investment in the future of Greek maritime infrastructure.The vessels, scheduled for delivery in September 2026 and September 2027, will be stationed at the Port of Piraeus.
Successful Asia Pacific Maritime 2026 Closes
The 19th Asia Pacific Maritime (APM) held its largest-ever edition in Singapore last week, welcoming 19,431 attendees, alongside more than 819 exhibitors from 41 regions and countries, including 20 pavilions, and 112 speakers from across the globe. Amid the strong turnout, APM saw a significant number of announcements, covering product launches and the inking of partnerships, signalling strong momentum…
Coast Guard Rescues Four From Disabled Vessel Adrift Near New York
The Coast Guard rescued four people Saturday night from a disabled 42-foot motor yacht adrift three miles southwest of Moriches Inlet, New York.No injuries were reported.At 5:45 p.m. on April 4, 2026, watchstanders at Coast Guard Sector Long Island Sound received a report via VHF that the vessel Proudfoot was disabled and beset by weather in over 12-foot seas. It was reported that local police and…
Swire Shipping Opens New Branch Office in Malaysia
Swire Shipping announced an expansion of its regional footprint with the establishment of a new branch office in Kuala Lumpur, Malaysia. This milestone underscores the company’s continued investment in Southeast Asia and its commitment to strengthening customer engagement and service delivery across the region.The newly formed Malaysia team will be led by Koon Yan Tan, formerly Head of Swire Shipping Singapore Agency…
MariApps Marine Solutions Acquires of EffiaSoft Private Limited
MariApps Marine Solutions, a global leader in maritime digital solutions and a member of the Schulte Group, has announced it has acquired 100% ownership of Hyderabad-based software company, EffiaSoft Private Limited.This acquisition marks a milestone in MariApps’ commitment to expandingi ts digital ecosystem and enhancing its technological capabilities. By integrating EffiaSoft’s portfolio of enterprise software solutions…
Iron Ore Trade on the Great Lakes Down in March 2026
Iron ore shipments on the Great Lakes in March 2026 decreased 23.5 percent from a year ago. Loadings were also below the month’s 5-year average by 35.1 percent. The iron ore trade stands at 2.7 million tons, a decrease of 7.7 percent compared to 2025. For the first three months of the year, iron ore shipments are 21.2 percent below their 5-year average.Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet…
ABL Signs Marine Services Deal with Tidewater in Egypt
ABL Group has signed a one-year master service agreement with offshore vessel operator Tidewater to provide marine assurance and dynamic positioning consultancy services.The agreement, entered into by ABL’s Egypt unit and Tidewater Marine Egypt, covers offshore support vessels operating in the Egyptian Mediterranean, as well as the Black Sea and wider European region.ABL said the scope includes support for vessel safety…
Nikkiso Partners Exion Asia to Launch Southeast Asia Marine Hub
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) has entered into a strategic service partnership with Exion Asia to establish its first marine hub in Southeast Asia, aimed at supporting growing demand for cryogenic equipment services.Under the agreement, Singapore will serve as Nikkiso’s Southeast Asia Marine Hub, providing regional support for cryogenic pumps and related equipment used…
Loaded LNG Tankers from Qatar Turn Back Before Hormuz Crossing
Two vessels loaded with liquefied natural gas (LNG) from Ras Laffan, Qatar, turned back after they moved eastward towards the Strait of Hormuz, ship-tracking data showed on Monday.Had the vessels successfully crossed the strait, it would have been the first transit of LNG cargoes through the waterway since the U.S.-Israel war with Iran began on February 28.Data from analytics firms Kpler and LSEG showed the vessels, Al Daayen and Rasheeda, loaded their cargoes in late February.
