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3/24/2026 5:18:12 PM
Crude oil exports from Saudi Arabia's Red Sea Yanbu port rose to nearly 4 million barrels per day last week, a sharp increase from export levels before the Iran war broke out, shipping data shows.The jump shows that Saudi Aramco, the world's biggest oil exporter
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3/24/2026 5:15:40 PM
Indian Prime Minister Narendra Modi and U.S. President Donald Trump spoke by phone on Tuesday and discussed the situation in the Middle East, including the importance of keeping the Strait of Hormuz open, U.S. envoy to India Sergio Gor and Modi said in separate posts on X.This was the first call between the two leaders since the U.S.
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3/24/2026 5:04:45 PM
Energy shortages could hit Europe by next month, Shell CEO Wael Sawan said on Tuesday, adding that securing adequate energy supply was critical to national security.Countries cannot have national security without energy security, Sawan said, adding that Shell was trying to work with governments to help them address the energy crisis
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3/24/2026 1:47:38 PM
The Switch, a supplier of permanent magnet (PM) machines for marine applications, has launched the PMM850M PM machine, a compact, high-efficiency solution designed to help shipowners lower fuel consumption, reduce emissions and decrease operating costs. Deliveries are scheduled to begin in 2027.
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3/24/2026 1:43:30 PM
"Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand. However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year.
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3/24/2026 10:50:35 AM
China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would be crucial for waging submarine warfare against the United States and its allies.
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3/24/2026 10:37:00 AM
Bahrain has put forward a draft U.N. Security Council resolution that would authorise countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday.
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3/22/2026 9:39:18 PM
Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with a threat to hit Iran's electricity grid in 48 hours, escalating the three-week-old war.
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3/20/2026 11:50:25 AM
Dorian LPG took delivery of its 93,000 cubic meter (cbm) dual-fuel newbuilding named Areion an LPG and ammonia very large gas carrier (VLGC/AC) from Hanwha Ocean Heavy Industries Co., Ltd. at the Okpo Shipyard in South Korea.
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3/19/2026 6:18:04 PM
Fincantieri has launched what it says will be the world’s first hydrogen-powered cruise ship. Viking Libra was floated out at the company’s Ancona shipyard in Italy and is being built for cruise operator Viking, with delivery scheduled for late 2026.
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