The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.As oil markets remain jittery…

The Baltic Exchange's main sea freight index slipped on Friday, but posted its third straight monthly gain, supported by increasing demand for the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 5 points to 1,576.

Mobile, Ala. based Alabama Shipyard has been awarded a contract for the dry docking of the U.S. Navy's Military Sealift Command (MSC) dry cargo and ammunition ship USNS Sacagawea (T-AKE 2).The $21,955,104‬ firm-fixed-price contract for the 123…

A pair of commercial ships on April 24 rescued three people from the water after their vessel went up in flames due to engine malfunction in the Caribbean.At 7:30 a.m., the officer on watch aboard the Danish-flagged chemical tanker Nordic Ann…