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Senators Oppose Atlantic Oil Drilling Plan

The U.S. Department of Interior (DOI) announced its draft plan in January to lease 14 different offshore areas for oil and gas drilling, including areas in the Gulf of Mexico, Alaskan coast and Atlantic Ocean, in an effort to promote the U.S.’s domestic energy resources as a fundamental element to supporting American jobs and minimizing the nation’s dependency on foreign oil. However, the prospect of offshore drilling in the Atlantic …

The Shipping Industry Must ‘Keep Calm and Carry On’

Theodore Ntalakos, Newbuildings and SnP Broker at Intermodal explain why the maritime industry must continue looking forward despite the current, worrying issues with the market..

Panama Canal Sets Sight on another Expansion

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world’s biggest ships.

Oil leaps 5 percent, most in a month, on air strikes in Yemen

Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies.

What’s going on in Yemen – and why are Saudis involved?

Military intervention by Saudi Arabia in the conflict in Yemen is ringing alarm bells around the Middle East and the world.