THE container shipping industry convened at the TPM26 conference in California in the beginning of March, in the early days of the war with Iran. The talk at the event …
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A GREECE-OWNED panamax has become the first bulk carrier to transit the Strait of Hormuz with its Automatic Identification System turned on since March 2. Liberia-flagged, 81,713 dwt Giacometti (IMO: …
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TANKER sale-and-purchase activity has plunged following the start of the crisis in the Middle East, as buyers are faced with freight markets and insurance uncertainties. The downturn followed heightened levels …
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THREE weeks ago, there was a degree of certainty among economists and political pundits that the Strait of Hormuz would not stay closed for long. Today, the analysis examining what …
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THE International Maritime Organization (IMO) cannot resolve the Gulf war, but it will try to at least get the seafarers out. Countries agreed to work on a framework for a …
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The world’s LNG supply outlook darkened sharply last night after Iran struck key gas infrastructure in Qatar, Saudi Arabia and Kuwait, escalating the regional conflict and raising the prospect of …
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THERE is inevitably a performative element to Iran’s establishment of a “safe” corridor that diverts ships through its territorial waters as a condition of passage to demonstrate its control of …
THE conflict in the Middle East escalated last night as Iran took aim at its neighbours’ energy infrastructure, with two vessels hit in the strikes. In retaliation for attacks on …
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“WE STILL see very high freight rates, but it is clear that what this situation does, primarily, is reduce supply,” warned Vortexa chief economist David Wech. “It takes out crude …
THE International Maritime Organization is mulling a Black Sea-style safe shipping corridor to let stranded vessels escape the Strait of Hormuz. Bahrain, Japan, Mexico, Panama, Singapore and the UAE made …
Iran has created a de facto ‘safe’ shipping corridor through its territorial waters in the Strait of Hormuz, offering vetted vessels passage in exchange for approval — and in at …
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SHARES of Cosco Shipping Energy Transportation and China Merchants Energy Shipping staged an unexpected rally on Tuesday amid market speculation that Chinese shipowners have received official notice to prepare for …
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ONE way to make sense of the IMO and its net zero ambitions (or lack thereof) is by seeing which countries win or lose if different policies get through. Countries …
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ANOTHER day, another hard-to-believe peak reading for very large crude carrier freight indexes. Rate assessments have long since left historical records behind amid the extended closure of the Strait of …
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DRONE attacks on the UAE’s port of Fujairah have deterred tankers from lifting Murban crude oil as loading volumes at the port plummet. Vortexa data shows a sharp decline in …
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THE recent designation of the Strait of Hormuz and surrounding waters as a Warlike Operations Area will impose new operational and legal risks on shipowners, operators and charterers sending tonnage …
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AN LPG carrier was targeted while at anchor off Fujairah, in the Gulf of Oman on Monday night, causing minor damage to the vessel. Security firm Vanguard said that the …
AN LPG carrier was targeted while at anchor off Fujairah, in the Gulf of Oman on Monday night, causing minor damage to the vessel. Security firm Vanguard said that the …
THE world grows desperate for energy supplies. America’s military steps in to protect ships transiting the Strait of Hormuz. Tanker owners seeking astronomical rates join convoys as military escorts shoot …
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