Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow… Weiterlesen »Global LNG Supply Cut Further After Cyclone Hits Australian Plants

Carnival Corp cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator’s margins amid rising geopolitical tensions.

Two Chinese container ships turned backed after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from… Weiterlesen »Chinese Boxships Abort First Hormuz Exit Attempt, Undermining Iran ‘Safe Passage’ Claims

A Thai-flagged bulk carrier struck in the Strait of Hormuz earlier this month has now run aground on Iran’s Qeshm Island, as rescue teams continue searching for three… Weiterlesen »Stricken Bulk Carrier Mayuree Naree Runs Aground on Iran’s Qeshm Island

Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may… Weiterlesen »Trump Official Says Hormuz Ship Insurance Program to Launch ‘Soon’ as Tanker Traffic Struggles to Recover

A simmering dispute over control of key Panama Canal terminals is now spilling into global shipping lanes, with China detaining Panama-flagged vessels in its ports… Weiterlesen »China Is Escalating Panama Port Dispute With Surge in Ship Detentions, U.S. Regulator Warns

The United States is warning commercial shipping that the threat from Yemen’s Houthi militants remains active across the Red Sea and Gulf of Aden—despite a… Weiterlesen »New MARAD Advisory Urges Ships to Disable AIS Tracking in Red Sea as Houthi Threat Lingers

The Trump administration is rolling out nearly half a billion dollars in new port funding, with the U.S. Department of Transportation’s Maritime Administration announcing $488.6… Weiterlesen »Trump DOT Rolls Out $488M Port Funding Push to ‘Restore Maritime Dominance’

Container freight rates pushed higher for a fourth straight week, as rising fuel costs and ongoing disruption in the Middle East begin feeding directly into… Weiterlesen »Container Rates Extend Rally as Hormuz Crisis Drives Fuel Costs Higher

A Turkish-owned tanker carrying Russian petroleum product was struck overnight by a suspected uncrewed surface vessel (USV) in the Black Sea, in what appears to… Weiterlesen »Ukraine USV Strike Leaves Laden Russian Tanker Adrift Near Bosphorus