crisis
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Marine World
U.S. Alleges Chinese Shipping Container Giants Rigged Global Supply During COVID Crisis
The U.S. Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven senior executives in…
Read More » -
Marine World
Treasury Extends Russian Oil Sanctions Relief as Hormuz Crisis Tightens Global Supplies
U.S. Treasury Secretary Scott Bessent announced Monday that the Treasury Department is issuing a temporary 30-day general license allowing “the most vulnerable…
Read More » -
Marine World
The Strait of Hormuz Crisis Is Cracking the Petrodollar System
The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of…
Read More » -
Marine World
Long Beach Cargo Drops as Hormuz Crisis Keeps Pressure on Supply Chains
The Port of Long Beach posted another year-over-year decline in cargo volumes in April as global market volatility, rising fuel…
Read More » -
Marine World
Panama Canal Aims to Avoid Repeat of 2023 Drought Crisis as El Niño Looms
The Panama Canal is not planning vessel passage restrictions for the remainder of 2026 even if an El Niño weather pattern begins in…
Read More » -
Marine World
Africa’s Farmers Brace for Food Crisis as Hormuz Fertilizer Flows Collapse
Landlocked and surrounded by richer, more powerful neighbors, Malawi has long been a victim of geography and economics. It now…
Read More »