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Port News
Iran tightens Hormuz grip
Iran has expanded the maritime zone it considers under operational control around the Strait of Hormuz. According to Iranian-linked media…
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Maritime News
US Tightens Economic Controls on Iran and Warns Shipping About Hormuz Tolls
In what it is calling “Economic Fury,” the U.S. Department of the Treasury is expanding a number of efforts to…
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Port News
NextGeo tightens grip on Rana Subsea with fresh stake buy
Italy’s Next Geosolutions (NextGeo) has moved to tighten its control over Rana Subsea, exercising an option to acquire a further…
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Maritime News
UK Tracks Russian Tanker as US Tightens the Rules on Oil to Cuba
Close attention is being paid to two tankers, which observers suspected were heading toward Cuba in a Russian effort to…
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Port News
Wan Hai tightens grip on Japan routes with Osaka terminal investment
Taiwanese containerline Wan Hai Lines is moving deeper into Japanese port infrastructure with the acquisition of Terminal C9 at Osaka…
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Port News
Caravel tightens grip on Pacific Basin, rules out takeover bid
Hong Kong conglomerate Caravel Group has increased its shareholding in Pacific Basin Shipping, strengthening its position as the largest shareholder…
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Port News
US tightens naval grip on Venezuelan oil exports with new tanker seizure
US forces are continuing the pressure on Venezuela with the seizure of a third tanker in just two days. Maritime…
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Port News
Second tanker seized as US tightens Venezuela oil net
US authorities have intercepted and boarded an oil tanker carrying Venezuelan crude east of Barbados, marking the second seizure of…
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Port News
Capesize rates charge past $40,000 a day as tonnage tightens across basins
The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage…
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Port News
Taiwan tightens noose on high-risk tonnage
Taiwan is amending its Law of Ships regulations with a view to fining ship operators up to NT$10m ($318,000) for…
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