Hapag-Lloyd struck a cautious tone on Wednesday over a possible resumption of shipping through the Strait of Hormuz following a U.S.-Iran ceasefire, warning that a… Weiterlesen »Hapag-Lloyd Sees Slow Return to Gulf Shipping After U.S.-Iran Ceasefire, Warns of Rising Disruption Costs

Qatar is mobilizing engineers and workers with the aim of resuming production at the world’s biggest liquefied natural gas export plant following a ceasefire in… Weiterlesen »Qatar Begins Work to Resume LNG Production After Ceasefire

Saudi Arabia’s crucial East-West oil pipeline, currently its only outlet for crude exports, was hit in an Iranian attack and other facilities in the kingdom were also… Weiterlesen »Saudi Arabia’s Oil Pipeline Bypassing Hormuz Damaged in Iranian Attack, Source Says

Following the announcement of a two-week ceasefire between the United States and Iran and a partial reopening of the Strait of Hormuz, shipping industry leaders… Weiterlesen »World’s Shipowners Are Eyeing the Exit, But They’re Not Rushing For It Just Yet

Maersk MAERSKb.CO said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet… Weiterlesen »Maersk Cautious on Strait of Hormuz Shipping Despite US-Iran Ceasefire

Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz, potentially opening an exit for more than… Weiterlesen »Shipowners Eye Hormuz Truce With 800 Vessels Still Trapped

The United States and Iran have agreed to a temporary ceasefire and partial reopening of the Strait of Hormuz, marking the first concrete diplomatic breakthrough… Weiterlesen »US–Iran Agree to Temporary Ceasefire Deal Reopening Hormuz With Major Strings Attached

The United Nations Security Council failed Tuesday to pass a Gulf-backed resolution aimed at protecting commercial shipping through the Strait of Hormuz, after Russia and… Weiterlesen »Russia, China Block Hormuz Action at UN as Shipping Crisis Continues

The National Transportation Safety Board (NTSB) has determined that a failed O-ring seal and misaligned fuel system components caused a major engine room fire aboard… Weiterlesen »NTSB: Boiler Fuel Leak Sparked $5.5M Engine Room Fire on Bulker in Mobile

U.S. President Donald Trump threatened that “a whole civilization will die tonight” as Iran showed no sign of accepting his ultimatum to open the Strait of Hormuz by Tuesday… Weiterlesen »Trump Threatens to Kill ‘A Whole Civilization’ Over Strait of Hormuz Closure