PetroChina’s Basrah Booking Tests a Thinner Hormuz Trade Lane
PetroChina has lined up a fresh Gulf crude-loading program even as Strait of Hormuz traffic remains thin, adding a useful signal to a market watching every tanker movement through the region. The company has...
Drewry WCI Drops for Third Week as Container Rate Rally Keeps Cooling
Drewry’s July 30 World Container Index update confirms that the container spot market has moved from peak-season acceleration into a softer correction phase. The composite WCI declined 3% to $4,255 per 40ft container, marking...
Bunker Prices Pull Back From Last Week’s Spike, but MGO Remains a Major Cost Risk
Global bunker prices entered Friday morning below last week’s elevated levels after a volatile sequence of geopolitical selling, renewed military escalation and partial recovery in crude markets. As of July 31, the MABUX global...
ADNOC Locks In Five VLCCs as Gulf Disruption Turns Tanker Access Into a Strategic Asset
ADNOC has acquired five very large crude carriers from Frontline for about $590 million, adding immediate owned capacity while tanker availability is being reshaped by disruption around the Strait of Hormuz, the Red Sea...
Timeline of U.S. sanctions on Iran during the 2026 conflict
U.S.–Iran Economic Pressure Monitor U.S. Sanctions on Iran During the 2026 Conflict: Complete Timeline The U.S. sanctions campaign surrounding the 2026 conflict evolved from prewar pressure on Iranian oil, military procurement and foreign buyers...
QatarEnergy Turns to U.S. LNG as Hormuz Disruption Hits Asian Buyers
QatarEnergy has reportedly bought 33 spot LNG cargoes from the United States this year to help offset delivery disruption tied to the Strait of Hormuz crisis, with the replacement cargoes bound for buyers in...
Oil Markets Watch a Chokepoint Stack as Hormuz Risk Spreads
Oil markets are no longer trading the Middle East shipping problem as a single Strait of Hormuz story. The latest price action is being shaped by a wider chokepoint stack that includes Hormuz, Bab...
Damietta Drone Strike Puts LNG Terminal Security in the Spotlight
A drone strike at Egypt’s Damietta port has pushed LNG infrastructure security into sharper focus after fire broke out on the Energos Winter FSRU and spread to the LNG carrier GasLog Salem. Egyptian officials...
Hormuz Insurance Costs Turn Into the New Shipping Chokepoint
War-risk insurance has become one of the biggest commercial barriers to a normal Hormuz shipping recovery, even as the Strait remains physically passable. Marine insurance reporting from last week put additional war-risk premiums for...
CMA CGM’s $2.4B Terminal Deal Signals a Bigger Race for Port Control
CMA CGM’s new terminal partnership with Stonepeak puts port ownership and gateway control back at the center of container shipping strategy. The deal creates United Ports LLC, a U.S.-based joint venture that will hold...
Oil Industry Pushes Back as Hormuz Toll Idea Returns
The U.S. oil industry’s leading trade group is pushing back against any toll or transit-fee framework for ships passing through the Strait of Hormuz, after Oman presented Iran with a Gulf-backed proposal that reportedly...
Red Sea Traffic Rebounds to 39 Ships as Hormuz Remains Severely Constrained
Commercial traffic through the Bab el-Mandeb Strait has rebounded sharply after several days of disruption, with 39 commodity vessels recorded passing through the chokepoint on July 28, the highest daily total since July 19...
Romania Maps 11.5 GW Black Sea Wind Buildout as Six Offshore Zones Move Toward Concessions
Romania has published the first detailed map of the offshore wind areas it intends to develop in its sector of the Black Sea, identifying six zones with an estimated combined capacity of 11.5 GW....
Maersk Tankers Launches New Era With 93,000-CBM Ammonia Giant
Maersk Tankers has taken delivery of the Jane Maersk, a 93,000-cubic-meter very large ammonia carrier built by HD Hyundai Samho in South Korea. The vessel is designed to transport both liquefied ammonia and LPG...
Hormuz Bottleneck Holds as Red Sea Traffic Shows a Tentative Recovery
The latest Middle East shipping update shows a split picture across the region’s two most watched energy corridors. Bab el-Mandeb traffic has improved from the worst weekend readings, with 28 vessels moving through the...
Novorossiysk Crude Restart Eases Black Sea Supply Pressure
Crude loadings have resumed at Russia’s Novorossiysk oil-export complex after several days of disruption tied to bad weather, drone threats, and attacks on vessels near Black Sea terminals. The restart is important because Novorossiysk...
Oil Sells Off as Hormuz Shipping Still Faces a Slow and Iffy Reset
Oil prices fell sharply after the U.S. paused further strikes on Iran and both sides moved back toward diplomacy, with Brent and WTI dropping hard as traders removed part of the war-risk premium that...
India’s ₹69,725 Crore Shipbuilding Push Accelerates With 400+ Vessel Pipeline and New Yard Clusters
India has moved deeper into execution of its ₹69,725 crore national shipbuilding support program, with the latest goverdirect vessel-construction incentives, long-term maritime finance, new shipyard capacity and a large domestic vessel acquisition pipeline. The...
Red Sea Attack Fears Put Tanker Rates on Surge Watch
Tanker markets are moving back into a higher-risk pricing cycle as fresh Red Sea attack fears make owners more cautious about sending ships through Bab el-Mandeb and the wider Red Sea corridor. The latest...
Korea’s Undersea Arms Race Moves Into Nuclear Propulsion
The submarine competition between North and South Korea is moving into a more dangerous and technically demanding phase as both governments push nuclear-powered submarine programs into the open. Seoul has now laid out its...