US-to-Asia Oil Shipping Hits Record $29 Million as Tanker Rates Explode
It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates sky-high.
Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns
Commercial shipping through the Strait of Hormuz has slowed to a near standstill as missile attacks, drone threats, and widespread electronic interference continue to rattle… Weiterlesen »Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns
Qatar LNG Shutdown Sends Global Gas Markets Into Turmoil
Qatar declared force majeure on LNG exports amid the U.S.-Israeli war on Iran, shutting down facilities that supply 20% of global liquefied natural gas. The… Weiterlesen »Qatar LNG Shutdown Sends Global Gas Markets Into Turmoil
EU Unveils Maritime Industrial and Ports Strategies to Boost Shipbuilding, Security, and Decarbonization
The European Commission on Wednesday unveiled sweeping new strategies aimed at strengthening Europe’s maritime industrial base and modernizing its ports, as Brussels seeks to boost… Weiterlesen »EU Unveils Maritime Industrial and Ports Strategies to Boost Shipbuilding, Security, and Decarbonization
Containership Hit by Projectile in Strait of Hormuz as Maritime Attacks Escalate
A containership transiting the Strait of Hormuz was struck by a projectile on Wednesday, damaging the vessel and forcing the crew to abandon ship in… Weiterlesen »Containership Hit by Projectile in Strait of Hormuz as Maritime Attacks Escalate
U.S. Submarine Torpedoes Iranian Frigate in Indian Ocean in First Wartime Strike of its Kind Since World War II
An Iranian Navy warship has been sunk by a U.S. Navy attack submarine in the Indian Ocean, marking what U.S. officials say is the first… Weiterlesen »U.S. Submarine Torpedoes Iranian Frigate in Indian Ocean in First Wartime Strike of its Kind Since World War II
Qatar’s $100B LNG Empire Just Lost Its Premium Status Overnight
Iranian drone attack forces Qatar to shut down Ras Laffan LNG facility for first time in 30 years, threatening a fifth of global supply. European… Weiterlesen »Qatar’s $100B LNG Empire Just Lost Its Premium Status Overnight
Belgium Imposes €10 Million Bail on Russian Shadow Fleet Tanker Ethera
Belgium detained Russian oil tanker Ethera and imposed a €10 million bail after discovering 45 violations including sailing under a false Guinean flag. The vessel… Weiterlesen »Belgium Imposes €10 Million Bail on Russian Shadow Fleet Tanker Ethera
BIMCO Says Trump’s Tanker Insurance Plan Could Encourage Gulf Transits—But Naval Escorts Face Limits
The world’s largest shipping association says a proposal by U.S. President Donald Trump to provide political risk insurance for vessels operating in the Persian Gulf… Weiterlesen »BIMCO Says Trump’s Tanker Insurance Plan Could Encourage Gulf Transits—But Naval Escorts Face Limits
Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say
President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping… Weiterlesen »Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say