A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers has made ship insurers even more nervous of running foul of the rules as they are unable to independently track the value of cargoes, executives…

Glosten is growing its PelaStar partner network to prepare for Phase 2 of the U.S. Department of Energy’s Floating Offshore Wind ReadINess (FLOWIN) Prize. The expanded team will focus on identifying facilities and the requisite investment to…

A Spanish Navy ship tasked with updating nautical charts to make navigation safer got stranded on Thursday near the island of Ibiza in the Mediterranean, the Navy said.The vessel Malaspina was exploring an area of shallows to the west of the island and got stuck on one of them.

The U.S. Navy said Thursday that Iran had seized a Marshall Islands-flagged oil tanker Advantage Sweet while transiting international waters in the Gulf of Oman. According to a tweet by U.S. 5th Fleet, the incident happened on April 27 at approximately 1:15 p.m.