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US Vetoes G-7 Shadow Fleet Task Force Plan, Signals More Change

Mar 8, 2025 (Bloomberg) –The US has rejected a Canadian proposal to establish a task force that would tackle Russia’s so-called shadow fleet of...

Venezuela Condemns U.S. Chevron Ban, Cites Impact On Oil Exports And Trade

Earlier in his remarks Maduro said that if it was up to him Chevron would remain in Venezuela, referring to U.S. President Donald Trump’s...

UK Concerned by Chinese Activity in South China Sea, Says Foreign Minister

“We are concerned by dangerous and destabilizing activities by China in the South China Sea,” Lammy said in a post on X. “The UK...

US-Flagged Oil Tanker ‘Stena Immaculate’ In Flames Off UK After Collision

The collision has set both vessels ablaze, triggering extensive search and rescue operations. The crews have abandoned both ships. While initial reports suggest all...

TSP in the Spotlight: Stena Immaculate Incident and the Strategic Importance of the Tanker Security Program

The incident resulted in a ruptured cargo tank containing Jet-A1 fuel, leading to a fire and multiple explosions that forced the crew to abandon...

China’s Navy Drills Near US Allies Seen as Test for Trump

The People’s Liberation Army has conducted shooting drills off the coasts of Australia, Vietnam and Taiwan over the past week. While the Chinese actions...

Norway Says It Will Keep Supplying Fuel to US Navy After Company Calls for Boycott

“We have seen reports raising concerns about support for U.S. Navy vessels in Norway. This is not in line with the Norwegian government’s policy,”...

Philippines Has to Be Ready in Case US Aid Dries Up, Envoy Says

Mar 3, 2025 (Bloomberg) –The Philippines is optimistic of Washington’s continued military support under President Donald Trump, but the Southeast Asian nation should be...

Coast Guard Infrastructure Crisis: Maintenance Backlog Soars to $7 Billion as Facilities Deteriorate

The agency’s nearly 40,000 shore infrastructure assets, including critical facilities like boat stations, piers, and operational buildings, are in “mediocre to fair” condition, according...

Trump Trade Wars, Sanctions Grip Already-Tight Heavy Oil Market

US President Donald Trump’s trade wars and sanctions are tightening the market for heavy crude, boosting prices for the sludgy oil and raising costs...
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