U.S. Sanctions Two "Insurers" for Handling Iran's Hormuz Transit Fees
The U.S. government has released a new round of sanctions targeting Iran's attempt to set up a transit fee structure for the Strait of Hormuz. In a st...
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/ Freight News
Freight movement, and what it costs you
Global chokepoints and domestic corridors — what is moving, and where we can name it, what it costs.
DisruptionOcean
LNG Tankers Struck in Apparent Drone Attack on Egypt's Port of Damietta
Two LNG tankers have been attacked in the Egyptian port of Damietta, which lies on the Mediterranean coast at the eastern end of the Nile Delta, in an...
DisruptionOcean
Maersk updates Australian coastal services with Fremantle omission and Brisbane call reinstatement
Maersk has announced schedule changes affecting its Greater Australia Connect (GAC) and Eastern Australia Connect (EAC) services, including a Fremantle port omission and the reinstatement of a Brisbane call. On the GAC service, SYDNEY EXPRESS 629S/632N will omit Fremantle to reduce delays and protect the vessel’s forward schedule. As a result, import transhipment cargo for […]
Report: Houthis May Attempt to Impose Fees on Red Sea Transits
Yemen's Houthi rebels have launched attacks on Saudi shipping in a show of solidarity with Iran, disrupting tanker traffic in and out of Yanbu. But ev...
DisruptionOcean
Middle East War Expands With Reported Drone Attack on U.S.-Owned FSRU in Egypt
A drone hit a U.S.-owned gas storage tanker at Egypt's Mediterranean port of Damietta, British maritime security firm Ambrey said in an initial assessment on Wednesday, and U.S. President Donald Trump vowed to retaliate against Iran for an overnight attack, as the Middle East conflictappeared to expand beyond its main fronts.
DisruptionMultimodal
Mounting Industry Pressures Reshape the Role of the Ship Manager
Geopolitical disruption, decarbonisation, crew shortages, cyber risk and rising operating costs are changing the skills required of ship managers, Ire...
DisruptionMultimodal
Trump Warns Iran of ‘Beating’ After Jordan Base Attack
(Bloomberg) — President Donald Trump said the US would hit Iran hard after a recent attack that targeted a military base in Jordan, as the war in the Middle East...
New U.S. Sanctions Target Iran’s Emerging Strait of Hormuz Maritime Services Network
The Trump administration on Wednesday expanded its campaign against Iran’s efforts to control commercial shipping through the Strait of Hormuz, sanctioning two organizations that Treasury says were created to provide...
Hormuz Tensions Flare After U.S.-Saudi Strikes, Iran Claims Attacks on Tankers
The United States and Saudi Arabia jointly struck Iran-backed armed groups in Iraq on Wednesday, the first U.S. airstrikes in the Middle East since President Donald Trump suspended the U.S. bombing campaign against Iran last week.
How drone threats are rewiring global shipping
As drone threats spread from the Black Sea to the Strait of Hormuz, risk that was once measured corridor by corridor is collapsing into a single shared pool and the escape routes shipowners have leaned on for three years are running out.
Iran rejects Oman’s Strait of Hormuz management proposal
Iran has rejected Oman’s proposal for a new management system for the Strait of Hormuz. The decision reduces hopes for a quick diplomatic breakthrough. Oman presented the proposal to Iranian officials over the weekend. Gulf states reportedly support the plan. The proposal would create a joint regional management system for the strait. It would replace […]
Yemen’s Houthis Considering Fees for Ships Sailing Through Red Sea, Sources Say
Yemen's Houthi group is considering imposing fees on commercial ships sailing through the southern Red Sea, a week after declaring a naval blockade on Saudi Arabia, regional sources with knowledge of the matter told Reuters.
Bimco forecasts robust growth in dry bulk sector
The Strait of Hormuz is a key factor in the dry bulk outlook but the future looks broadly positive for owners over the next 18 months.
UAE Presses Ahead With Persian Gulf LNG Exports Despite Tensions
Abu Dhabi National Oil Co. is pushing on with liquefied natural gas exports from its Persian Gulf plant, even as renewed hostilities in the region force producers to curb visible traffic through the Strait of Hormuz.
Hapag-Lloyd reopens bookings to Upper Gulf via alternative routes
Hapag-Lloyd has reopened bookings to and from Upper Gulf destinations, using inland transport and third-party feeder services that avoid the Strait of Hormuz. The revised routing covers cargo moving to Kuwait, Saudi Arabia, Iraq, Qatar, Bahrain and the United Arab Emirates. Cargo bound for the UAE will be transshipped via Fujairah or Khorfakkan before reaching […]
US-Iran attacks resume
Iran and the United States have resumed attacks, ending a lull and injecting fresh uncertainty into shipping through the Strait of Hormuz. US Central Command said Iran launched multiple ballistic missiles in a surprise attack on American forces on Tuesday, with all projectiles intercepted. Jordan said its air defences destroyed five Iranian missiles. US and …
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
Houthis keep up pressure on Saudi shipping
Tuesday saw Yemen’s Houthis target a fourth Saudi-linked tanker since declaring a blockade of the kingdom’s ports, maintaining pressure on the Red Sea oil route despite a partial recovery in traffic through Bab el-Mandeb. The group said it fired ballistic missiles at the 49,990 dwt chemical and products tanker NCC Ghazal for ignoring warnings and …
Houthi target Saudi chemical tanker
Tanker master reports hearing an explosion while transiting Red Sea
DisruptionOcean
Russia May Put Mobile Fire Groups on its Grain Ships to Counter Drones
Faced with a serious threat from Ukraine's "middle strike" drone campaign in the Sea of Azov, Russian transport authorities are considering taking a p...
Iran Rejects Proposal for Joint Governance of Strait of Hormuz
Iran has rejected the latest Omani proposal to share control of the Strait of Hormuz, according to the Wall Street Journal and a top Iranian official....
ClosureOcean
Houthis Claim Fourth Attack on Saudi Tanker as Red Sea Blockade Intensifies
The Iran-backed Houthis claimed Tuesday they attacked a fourth Saudi-linked tanker since announcing a maritime blockade on Saudi ports, underscoring the escalating threat to commercial shipping in the Red Sea....
Saudi Tanker Hit by Houthi Missiles in the Red Sea
Yemen's Houthi rebels have attacked another Saudi tanker in the Red Sea, a prominent maritime security analyst confirms. Martin Kelly of EOS Risk Grou...
Explainer: The corridor that closed behind them
Iran says nothing has changed at Hormuz. The map says otherwise and the route shipping built to avoid the problem has just been brought inside it. For eleven weeks, the southern corridor hugging the Omani coast was commercial shipping’s answer to the Strait of Hormuz.
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
DisruptionOcean
Shippers, carriers face fresh weather-related disruption following south China storm
Typhoon Noul hit Hong Kong and Shenzhen as key ports in eastern China continue to experience extensive delays and congestion more than two weeks after Typhoon Bavi moved through that region.
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