The U.S. will impose “the toughest sanctions in history” on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested… Weiterlesen »US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Says

By Lori-Ann LaRocco – The strong undertow of political bluster, a lack of data, vessel attacks and the political calendar have transformed the flow of… Weiterlesen »Maritime Markets Bracing for Long-term Disruption in the Middle East

Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The… Weiterlesen »Transpacific Container Rates Surge as Carriers Cut Capacity

The National Labor Relations Board has ordered two Saltchuk Resources tanker subsidiaries to recognize and bargain with the International Organization of Masters, Mates & Pilots… Weiterlesen »Federal Labor Board Orders OSG and Alaska Tanker Company to Bargain With Deck Officers

Exporters including Chevron Corp. are turning to ship-to-ship transfers to send liquefied petroleum gas from the US to Asia, an apparent change in strategy that… Weiterlesen »Soaring Panama Canal Fees Drive a Nascent LPG Shuttle Trade

US President Donald Trump threatened Iran and its trading partners with economic isolation after months of military strikes and a maritime blockade failed to force… Weiterlesen »Trump Threatens Economic Isolation for Iran and Its Trading Partners

A U.S.-sanctioned product tanker has been hijacked in the Gulf of Aden and redirected toward Somalia after six armed men boarded and seized control of… Weiterlesen »Sanctioned Shadow Fleet Tanker Hijacked in Gulf of Aden and Diverted Toward Somalia

A tanker was boarded by six armed people who took control of the vessel and diverted it towards Somalia, the United Kingdom Maritime Trade Operations… Weiterlesen »Tanker off Yemen Boarded by Armed People, Diverted Towards Somalia, UKMTO Says

CK Hutchison Holdings Ltd. commenced international arbitration proceedings against Panama, seeking more than $1.5 billion in damages over the loss of its investments in two… Weiterlesen »CK Hutchison Seeks $1.5 Billion for Loss of Panama Assets

The crew of the US-flagged cargo ship SLNC York has been safely evacuated after the vessel began taking on water in the Pacific Ocean, according to operator… Weiterlesen »US-Flagged Cargo Ship SLNC York Evacuated After Taking on Water in Pacific