The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though rates could be capped in the second half.

DUBAI, United Arab Emirates — A ship caught fire Saturday in the Gulf of Aden off the coast of Yemen after being struck by a projectile, the British military said, with one report suggesting its crew was preparing to abandon the vessel. Yemen’s Houthi ...

The master of a container ship has been arrested after it collided with an anchored oil tanker Monday in the North Sea, the manager of the container vessel confirmed to ABC News. The Portuguese container ship Solong struck the U.S.-flagged oil tanker Stena ...

When you click on “Accept all”, you consent to ads on this site being customized to a personal profile we or our advertising partners may have about you. Choose “Customize or Reject all” if you want to manage your settings in more detail. You can change your settings at any time via the link in the footer of each page.

The search for a missing crew member from the container ship was unsuccessful. A Portuguese container ship collided with a U.S.-flagged oil tanker while the tanker was anchored in the North Sea, on the eastern coast of England, with both ships catching on ...

It was a moment that highlighted Trump’s escalating pressure on Venezuela—and that kept his intentions uncertain. The campaign reached a new level of intensity this week when Trump ordered a partial blockade of Venezuela’s oil exports and demanded the return of expropriated U.

Trump orders total blockade of Venezuelan oil tankers as the South American nation controls world's largest oil reserves with over 300 billion barrels.