crisis
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Marine World
Second Tanker Struck in Strait of Hormuz as U.S.-Iran Shipping Crisis Deepens
A second merchant vessel has been struck while transiting the Strait of Hormuz, underscoring the rapidly deteriorating security situation despite…
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Marine World
Hormuz Crisis Leaves Lasting Mark on Oil Markets as Demand Slumps, IEA Says
The International Energy Agency has sharply downgraded its outlook for global oil demand, warning that months of conflict centered on…
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Maritime News
U.S. and Iran Agree to 60-Day Ceasefire Deal to End Hormuz Crisis
The U.S. and Iran have completed a long-awaited agreement to bring an end to the Strait of Hormuz standoff and…
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Marine World
Peak Season and Hormuz Crisis Fuel New Surge in Container Shipping Rates
Container freight rates are rising sharply across major east-west trades as the conflict in the Middle East, disruption at key…
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Marine World
Trafigura Warns World’s Largest Energy Crisis Is Far From Over
Commodity trading giant Trafigura says the conflict in the Middle East has already removed more than 1.1 billion barrels of…
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Marine World
Trafigura Warns World’s Largest Energy Crisis Is Far From Over
Commodity trading giant Trafigura says the conflict in the Middle East has already removed more than 1.1 billion barrels of…
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Marine World
Iran’s Expanding Hormuz Control Deepens Crisis for 20,000 Stranded Seafarers
Iran’s publication of a new map asserting its control over the Strait of Hormuz risks extending an already punishing ordeal for thousands of…
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Marine World
Frontline Sees Strongest Quarter in Two Decades as Hormuz Crisis Reshapes Tanker Trade
Frontline plc, one of the world’s largest publicly traded operators of crude oil tankers, reported its strongest adjusted quarterly earnings in…
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Maritime News
EU Temporarily Suspends Fertilizer Duties Amidst Hormuz Crisis
The EU will temporarily lift customs duties on key nitrogen-based fertilizers such as urea and ammonia for one year to…
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Marine World
Panama Canal Near Capacity as Hormuz Crisis Drives Surge in U.S. Energy Exports
Traffic through the Panama Canal is climbing sharply as disruption in the Strait of Hormuz drives more U.S. energy exports…
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