Yemen’s Houthi rebels have rejected reports alleging their intent to impose tolls on transiting the Bab al-Mandab Strait, with carriers seemingly showing more faith in the Iran-backed group as crossings increase. Citing “unspecified regional sources”, Reuters reported last week, also covered by The Loadstar, that “the Houthis may start to impose fees on international commercial vessels transiting the Red Sea and Bab al Mandeb Strait”. But the group told The Loadstar: “We ...
The global bunker market in July was shaped primarily by geopolitical developments, crude price volatility, regional supply dynamics and logistics constraints. The key market drivers included: – Middle East geopolitical tensions: Ongoing uncertainty surrounding the Strait of Hormuz and Red Sea continued to underpin market sentiment, sustaining geopolitical risk premiums across crude oil, marine fuels […]
DisruptionOcean
Ocean Network Express (ONE) reported a sharp fall in quarterly earnings, despite higher revenue, as rising fuel costs and continued disruption in the Middle East offset improving freight rates and stronger cargo demand. The Singapore-headquartered carrier group posted revenue of $4.54bn for the three months of its financial year, to 30 June, up $490m year on year – but net profit fell $55m, to $31m. EBIT came in at $76m, while EBITDA ...
DisruptionMultimodal
Disruptions on one of Europe’s most important trade arteries are poised to intensify after the Rhine fell to the lowest on record ahead of the peak summer dry season, with conditions likely to worsen in the weeks ahead.
A seafarer is reported missing after a Greek-operated bulk carrier was struck by an unidentified projectile while sailing northbound through the Strait of Hormuz, the latest merchant ship casualty in waters off Oman. The Liberian-flagged Minoan Pioneer was hit at around 2200 UTC on Monday approximately 20 nautical miles northeast of Khasab, according to maritime …
DisruptionMultimodal
Dr Raymon Krishnan, president of Singapore’s Logistics & Supply Chain Management Society, writes for Splash today. The logistics industry has always evolved in response to disruption. Whether it was globalisation, digitalisation or the unprecedented shocks of the covid pandemic, every major event has forced supply chains to rethink how they operate. One of the most …
As talks between Iran and Oman on control over the Strait of Hormuz move forwards, a new attack has been reported off the Musandam Peninsula, in the O...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
The latest attack on a vessel in Hormuz follows two near misses on tankers the previous day
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
Its fortunes buoyed by conflict in the Mideast, world-leading shipbroking firm Clarksons is having a spectacular year, posting its best-ever results f...
The Houthi blockade on Saudi seaports produced visible results last month, cutting daily exports by as much as 40 percent, but shipping appears to be...
DisruptionOcean
A last-minute meeting on Tuesday, August 4, appears to be the final hope to head off a planned strike set for two days that would bring BHP’s iron exp...
DisruptionMultimodal
Mitsui E&S reported higher orders, sales and earnings for the first quarter of its fiscal year ending 31 March 2027, supported by progress across its project backlog. New orders reached ¥105 billion, compared with ¥88.8 billion during the same quarter last year. Net sales increased to ¥91.7 billion from ¥81.2 billion. Operating income rose to […]
DisruptionMultimodal
The largest offshore wind energy project in the United States, Coastal Virginia Offshore Wind (CVOW), continues to make good progress with its constru...
Six Saudi-flagged supertankers have changed course in the Gulf of Aden in recent days and are heading to southern Africa following threats by Yemen’s Houthi movement to target Saudi shipping, tracking data showed on Monday.
President Donald Trump declared Monday that the United States has complete control of the Strait of Hormuz and insisted negotiations with Iran are continuing, even as Tehran denied any talks...
DisruptionMultimodal
Unpredictability in global project cargo routines has put US breakbulk ports under pressure, but has not yet led to congestion.
Shipbroker and maritime services giant Clarksons reported record first-half earnings on Monday, saying disruption caused by the Strait of Hormuz crisis helped fuel exceptional trading conditions across global shipping markets...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
ClosureMultimodal
The International Longshore and Warehouse Union agreed to end their 42-day strike against a major California sugar producer that spurred sympathy walkouts at three ports.
DisruptionOcean
MSC appears to have got ahead of the competition along North Europe’s beleaguered inland waterways, informing customers that it has implemented a series of measures to ensure continuity of operations amid continuing drought. The carrier’s intervention comes with water levels along the Rhine showing no sign of increasing in the near future, with limited prospects of rainfall over the next seven days and indications that on some gauges the conditions may ...
DisruptionMultimodal
Middle East disruption has magnified persistent problems including fatigue, rest hours disruption, wage stagnation and limited time ashore.
The key Saudi export port of Yanbu in the Red Sea appeared to have its busiest day since Houthi threats upended shipping in the region, while more ships transited dark through the Bab el-Mandeb chokepoint.
Merchant shipping remains exposed across the Middle East’s two principal maritime chokepoints, with fresh threats and explosions reported in the Strait of Hormuz even as Washington claims another round of peace negotiations with Iran is getting underway. The latest incidents follow the reported attack on the Bermuda-flagged LNG carrier GasLog Shanghai off Oman overnight into …
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
VLCC Egypt Prosperity and aframax On Pride emerged unscathed from separate incidents involving explosions and reported warning shots.
A round-up of the top maritime and shipping stories in July on the Seatrade Maritime Podcast.
Showing 409–432 of 546 stories.
