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Cuba-bound tanker loaded with Russian fuel reaches Venezuelan waters

A tanker carrying some 200,000 barrels of Russia-origin fuel originally bound for Cuba has arrived in Venezuelan waters, LSEG ship-monitoring data showed on Friday. Internal Pages – Super (728×90) – Position 14 The Hong Kong-flagged vessel Sea Horsewhich this year loaded Russia-origin diesel through a ship-to-ship transfer, earlier this month rerouted from Cuba to Venezuela […]

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Cruise operator Carnival lowers annual earnings guidance as fuel prices rise

Carnival Corporation cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator’s margins amid rising geopolitical tensions. Internal Pages – Super (728×90) – Position 14 Attacks on oil and transport facilities across the Middle East and disruptions to energy flows through the Strait of Hormuz, which carries about a fifth […]

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US MARAD announces millions of dollars in maritime infrastructure funding

The US Department of Transportation’s Maritime Administration revealed $489 million in funding on March 26 to enhance port infrastructure and maritime capabilities across the country. Internal Pages – Super (728×90) – Position 14 This investment aims to modernise operations at more than 300 ports operated by states, municipalities, and private corporations. Transportation Secretary Sean P. […]