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articles
Hormuz Commodity Transits Collapse After Tanker Attacks as US-Iran Talks Stall
Kpler data showed five commodity vessels transited the Strait of Hormuz on Saturday and none on Sunday, down from 31 the...
El Niño and Hormuz Closure Push Panama Canal Transit Fees to a Record
Daily auctions for Panama Canal locks averaged US$1.1 million in August as drought and rerouted oil demand squeeze the w...
Putin Orders Russian Navy to Mirror Western Seizures of Merchant Ships
Russia says it will detain and confiscate cargo from vessels of unfriendly states in response to Western seizures of its...
Rhine Hits Record Low at Kaub, Forcing Europe's Industrial Freight Reroute
Europe's key industrial waterway has effectively stalled at Kaub after hitting a record low, pushing chemicals, steel an...
ADNOC L&S Posts Record $951mn Q2 Profit, Upgrades 2026 Guidance for Third Time
A booming shipping market and expanding fleet propelled ADNOC Logistics & Services to a record quarter, lifting half-yea...
MSC Fined $6 Million for Charleston Harbor Near-Miss; Chief Engineer Admits Obstruction
Operator of MSC Michigan VII pleads guilty to failing to report a hazardous condition that led to a dangerous loss of co...
Iran-Oman Hormuz Deal Near, But Tehran Demands U.S. Reparations Before Reopening Vital Oil Route
Iran signals an agreement with Oman on a new Strait of Hormuz shipping route is imminent, yet insists the waterway will ...
Matson’s China-U.S. Box Volumes Surge on Tariff Frontloading, Strong E-Commerce
Matson’s CEO says China services ran above capacity in July and will stay near full through peak season as shippers rush...
Damietta Port Handles 1,698 Fattening Calves and 30 Vessels in 24-Hour Update
Damietta Port handled 1,698 fattening calves weighing 515 tonnes in the past 24 hours, along with 30 vessels and about 2...
Drone Strike Near Suez Lays Bare Oil's New Vulnerability: Every Chokepoint Is Now a Target
A drone attack on tankers at Egypt's Damietta port shows how low-cost drones could seal off the Red Sea end of the oil t...
Kuwait Petroleum Shifts to Delivered Crude Tender for Asia as Red Sea Peril Mounts
State-owned KPC offered a spot cargo of 55,000 tonnes of full-range crude on a delivered ex-ship basis, banning resale, ...
Saudi Arabia Leads New Multinational Maritime Defense Alliance, Hosts Permanent HQ in Riyadh
Founding nations announce a collective defence framework to secure the Bab el-Mandeb, Red Sea, and Gulf of Aden, with Sa...
Damietta Port Operations Normal After Drone Attack on Two Ships
Egypt’s Damietta port authority confirms full operational continuity at all terminals following a drone strike that caus...
Iran and Ukraine Step Back from Conflict After Caspian Ship Strike
Tehran accepts Kyiv's apology for the unintended attack on an Iranian vessel, but demands compensation for the crew memb...
IOCL Eyes 50% Stake in Mega Gas Carriers as US LPG Imports Loom
Indian Oil Corp is seeking to own very large gas carriers for the first time, bidding for a 50% stake to rein in freight...
Iran Considered Ballistic Missile Strike on Ukrainian Port Before Diplomacy Defused Crisis
Tehran weighed a symbolic low-yield ballistic missile strike on a Black Sea port after an attack killed an Iranian sailo...
Pentagon Recategorizes Iran War Casualties as Oil Drops 5%, US Strikes Halt, and Regional Tensions Persist
The US Defense Department removed four soldier deaths from its official Iran conflict tally, creating a separate 'Overse...
Egyptian Agricultural Exporters Ready to Tap Philippine Market After Landmark Deal
A new bilateral accord grants Egyptian grapes, onions, garlic, tomatoes and carrots immediate access to the Philippines,...
Airstrikes Pause as US and Iran Weigh Diplomatic Off-Ramp Amid Strait of Hormuz Crisis
After nearly two weeks of US bombing, a pause in airstrikes and intensifying talks raise hopes for de-escalation—but con...
Thailand to Scrap $38.3 Billion Land Bridge Project After Study Finds It Unviable
Thailand is abandoning its ambitious land bridge megaproject after a government study found it economically unviable and...
Houthis Strike Saudi Arabia After Riyadh's Raids on Hodeida, Raising Red Sea Shipping Fears
Yemen's Houthi rebels claim a missile attack on Jazan following Saudi-led coalition airstrikes on Hodeida port facilitie...
New Lloyd's Clause Could Strip Cover From Tankers That Pay Iran Tolls
A model clause from Lloyd's Market Association lets marine insurers cancel war risk cover if a vessel pays for safe pass...
Trump Threatens to Destroy Iranian Bridge or Power Plant per Hormuz Ship Attack
US President says retaliation will target civilian infrastructure including in Tehran, risking wider war and disruption ...
OAL Proposes Legal Framework to Unlock $700M Nigerian Cabotage Vessel Fund
A new credit-risk framework from Olisa Agbakoba Legal aims to reassure lenders and accelerate disbursement of Nigeria’s ...