The International Maritime Organization (IMO) has issued a forceful condemnation of attacks on commercial shipping in the Middle East, warning that the situation in the… Weiterlesen »‘Inaction Is Not an Option’: UN Shipping Body Condemns Hormuz Attacks as Crisis Deepens

The World Trade Organization is warning that global trade growth will slow sharply in 2026—and could weaken further if elevated energy prices tied to the… Weiterlesen »WTO Warns Middle East Conflict Could Cut Global Trade Growth as Energy, Shipping Risks Mount

U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum moved swiftly to quash speculation that Washington could restrict energy exports, issuing coordinated statements reaffirming… Weiterlesen »Trump Administration Shuts Down Export Ban Rumors as Trump Moves to Cool Oil Prices

The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on Transpacific… Weiterlesen »Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher

Iranian attacks have knocked out 17% of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to… Weiterlesen »Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years

The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent… Weiterlesen »U.S. May Remove Sanctions on Iranian Oil Stranded at Sea

A containership already at the center of one of the deadliest incidents in the Strait of Hormuz crisis may have been struck again, with early… Weiterlesen »Second Strike? Safeen Prestige Reported Burning Near Hormuz

Leaders from the United Kingdom, France, Germany, Italy, the Netherlands, and Japan issued a joint statement Thursday condemning Iran’s recent actions in the Persian Gulf,… Weiterlesen »G7 Allies Condemn Iran’s ‘De Facto Closure’ of Hormuz, Call for Immediate Halt to Attacks

Mediterranean Shipping Company is moving to take joint control of South Korea’s Sinokor Maritime, formalizing a relationship that has drawn growing attention across tanker markets.… Weiterlesen »MSC Formalizes Tie-Up With Tanker Giant Sinokor After Massive VLCC Buying Spree

The closure of the Strait of Hormuz is turning Kenya’s Lamu port into a surprise refuge, as vessels bound for the Middle East divert and… Weiterlesen »Iran’s Hormuz Blockade Is Helping a Little-Used Kenyan Port