The effective closure of the Strait of Hormuz is now rippling through global container supply chains, with new data showing a dramatic surge in cargo… Weiterlesen »Container Shipping Diversions Surge 360% Amid Hormuz Closure

The Strait of Hormuz remains effectively closed to almost all but Iran-linked traffic with the conflict in the Middle East now in its second week. 

Disruptions to shipping in the Strait of Hormuz are raising alarm across global energy, shipping, and agricultural markets, with the potential to hit developing economies… Weiterlesen »Hormuz Disruptions Threaten Energy Markets, Fertilizer Trade, and Vulnerable Economies, UNCTAD Warns

Claims that waiving the Jones Act would lower U.S. gasoline prices ignore a key reality: global tanker freight markets. Current Worldscale rates suggest foreign-flag tankers… Weiterlesen »Opinion: Waiving the Jones Act Won’t Lower Gas Prices—Tanker Markets Prove It

Ocean Network Express (ONE) is deepening its relationship with the world’s largest containership leasing platform, announcing plans to increase its ownership stake in Poseidon Corp., the… Weiterlesen »ONE Moves Closer to Controlling Stake in World’s Largest Ship Lessor Seaspan

Energy export data shows South Korean jet fuel exports to the United States West Coast is dropping as countries around the world are holding onto… Weiterlesen »Jet Fuel Shock Looms on U.S. West Coast as Asian Exports Dry Up

Oil supply cuts in the Middle East are deepening, shaving about 6% off global output, as the effective closure of the Strait of Hormuz piles… Weiterlesen »Gulf Oil Giants Deepen Cuts as Hormuz Halt Chokes Exports

Qatar wants to strengthen its defense partnership with the United States in the wake of Iranian air strikes on Qatari territory, the foreign ministry spokesperson… Weiterlesen »Qatar Wants to Bolster Security Partnership with US After Iran’s Strikes

U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at… Weiterlesen »Trump Weighs Russian Oil Sanctions Relief as Hormuz Disruption Sends Prices Soaring

General Dynamics NASSCO has christened USNS Hector A. Cafferata Jr. (ESB 8) in San Diego, marking the sixth and final vessel in the U.S. Navy’s Expeditionary Sea Base… Weiterlesen »NASSCO Christens Final Expeditionary Sea Base Ship for U.S. Navy