U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington’s blockade on sanctioned vessels traveling to or from V…
US Boards Another Venezuela-Linked Tanker in Indian Ocean without incident Read More »
The United States issued fresh guidance on Monday to commercial vessels transiting the Strait of Hormuz, a key shipping lane for Middle East oil supplies, as tensions simmered between Washington and Tehran over Iran’s nuclear program.Iran has…
Iran Tensions Simer, US Warns Vessels Transiting Strait of Hormuz Read More »
Oil prices rose more than 1% on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of Hormuz and Gulf of Oman.Brent crude oil…
Oil Prices Rise After US Urges Caution for Vessels Traveling Near Iran Read More »
Bahri posted record financial results in 2025, underpinned by a strengthening crude tanker market and a larger, younger owned fleet that increased exposure to improving rate conditions.Full-year revenue reached $10.35 billion, up 9% year-on-year, while…
Bahri’s Tanker Fleet Growth Drives Record Results Read More »
A ceremony in Umeå marked the official completion of Stena Line’s acquisition of Wasaline.“The close and strong cooperation between Sweden and Finland is of central strategic importance to both our countries. Robust and reliable transport links…
Stena Line Completes Acquisition of Wasaline Read More »