Hiring an oil supertanker to transit the Strait of Hormuz topped $1 million a day this month, equal to about $26 a barrel ...

The Iran war is triggering fears of a global shipping crunch as disruption in the Strait of Hormuz squeezes supplies of the bunker fuel that powers much of the world’s maritime trade. Ship operators ...

THE international shipping industry is facing a critical labor deficit over the next five years, driven by fleet expansion and post-pandemic economic recovery, which has placed the Philippines at the ...

With the AI boom, technology is becoming one of the hottest in-demand commodities for the world of shipping and logistics.

BANGKOK (AP) — Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war's closure of the Strait of Hormuz has choked off the supply of this fuel that ...

The shipping sector is fast approaching a fuel crisis that could paralyze a tenth of the global fleet, Larry Johnson, global head of freight at commodities trading house Mercuria, said in an interview ...

The world’s merchant fleet is getting older, and according to Allianz Commercial, that trend is creating mounting safety risks as shipowners struggle to renew fleets amid shipyard shortages, ...