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Maritime News
Tanker Oil Spill Forces Closure of Beaches in UAE
An oil spill from a tanker was detected off the coast of Umm Al Quwain, prompting containment operations and environmental…
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Maritime News
FMC Decision Upheld That Detention Fees During Port Closure Are Unfair
The U.S. Court of Appeals for the D.C. Circuit recently issued a decision upholding the Federal Maritime Commission’s (FMC) determination…
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Marine World
Panama Canal Sees Revenue Beating Forecast After Hormuz Closure
The Panama Canal expects revenue to exceed its $5.2 billion forecast for fiscal 2026 after the closure of the Strait…
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Maritime News
Oil Rises $2 as Iran Announces Closure of Strait of Hormuz
Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz,…
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Marine World
OPEC+ Set For Fourth Oil Quota Hike Since Hormuz Closure
By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output…
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Marine World
Hormuz Closure Could Send Oil to $200 and Trigger Global Recession, Wood Mackenzie Warns
A prolonged closure of the Strait of Hormuz could become the most severe global energy supply shock in decades, with…
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Port News
Hormuz closure drives global coal comeback
As another vessel was struck today in the region, Iran’s effective closure of the Strait of Hormuz is accelerating a…
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Port News
Iran signals possible indefinite Hormuz closure
The fourth week of war between Iran and the US/Israeli coalition reaches a critical juncture tonight as Donald Trump’s 48-hour…
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Port News
Hormuz closure sends bunker prices to record levels
The ongoing war between Iran and the US/Israeli coalition has pushed bunker prices into record territory Ship&Bunker reports the average…
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Maritime News
What Would Closure of the Strait of Hormuz Mean for Shipping?
[By Sarah Schiffling]The reported sinking of several Iranian warships by US missiles in the Gulf of Oman serves as a reminder of…
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