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Screengrab from X video posted by US Centcom The United States Central Command (CENTCOM) said US naval forces disabled two more Iranian-flagged oil tankers in the Gulf of Oman on May 8 as part of the ongoing blockade against Iran. According to CENTCOM, the vessels, M/T Sea Star III and M/T Sevda, were trying to enter
Image for representation purposes only An Indian crew member was killed after a Gujarat-linked cargo vessel sank during reported crossfire between the Iranian and US navies in the Strait of Hormuz, according to the Indian Sailing Vessels Association. The vessel, identified as MSV Al Faiz Noore Soleimani-I, was sailing
Image for representation purposes only More than 9,000 overseas Filipino workers (OFWs) have returned to the Philippines amid the continuing crisis in the Strait of Hormuz, according to Migrant Workers Secretary Hans Leo Cacdac . Cacdac said 9,038 OFWs had been repatriated as of May 7, with the government continuing r
The Week 18 thesis that the blockade had hardened into a structural reality has been challenged, though not overturned, by the most consequential diplomatic move since February 28. Brent collapsed from the April 30 high of USD 126.
[By Nathan Attrill]China’s pressure on Taiwan increasingly relies on vessels that aren’t warships. Instead, Beijing is deploying a maritime grey-zone...
Under Alexander Gumbs' leadership, St. Maarten has become the leading port in the Caribbean and a perennial tourist favorite.
Two Spanish police officers were killed during a high-speed boat chase off the coast of Andalusia, on the Atlantic side of the Strait of Gibraltar, t...
The expedition cruise ship Hondius is under way for the Canary Islands, where she expects to disembark passengers and crewmembers under an exceedingl...
The government of Iran claims to have seized a sanctioned tanker with longstanding ties to its own oil industry. For reasons unknown, Iranian forces c...
Improved revenues from price increases and lower costs helped the U. S.
Bunker fuel demand across key Middle Eastern ports declined in April as the war created uncertainty about ship movement and constrained fuel supply, although activity at some Omani ports recovered gradually, five market participants, including traders and suppliers, told Platts, part of S&P Global Energy, May 6. F
Seaborne coal cargoes from Australia are finding new destinations, as China’s share during the first quarter of 2026 has shrunk. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Mar 2026, global seaborne coal loadings declined by -1.
Bank ship finance for Greek shipping recorded a very impressive leap upwards from 5% in 2024 to 11. 5%, bringing the overall Greek loans (both drawn and committed but undrawn) booked both in Greece and worldwide to a total of $59,687.
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, halted a five-day winning streak on Friday, falling about 1. 9% to 2,978 points.
FREIGHT MARKET OVERVIEW The Baltic Dry Index is approaching the 3,000-point threshold, supported by sustained gains across all major vessel segments, with the Capesize market continuing to lead the rally at +149% year-on-year. Current index levels represent the strongest performance recorded since 2023, reflecting a m
Bulkers: The Baltic Dry Index has increased over the past week, reaching its highest point in about 2. 5 years.
Norway’s DNO plans to add four North Sea oil fields to its upstream operations by 2029, while production and investments in northern Iraq will be lower than planned in 2026 after fields were temporarily halted when the US-Iran war started, the company said in a May 7 earnings statement. North Sea net production
For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional visibility/coverage beyond the eight trade lanes provided below, contact our ocean freight cost benchmarking team.
ABS, HD Hyundai and Anduril Industries have signed a memorandum of understanding (MOU) to explore autonomous maritime capabilities. The MOU establishes a framework for the organizations to enable end-to-end solutions encompassing vessel design, production, autonomy and classification for autonomous surface vessels.
A quiet week is ending on an even quieter note. This comes as no real surprise given last week’s May Day holidays   Source: Verband Hamburger und Bremer Schiffsmakler e.
The Convention, officially the United Nations Convention on the International Effects of Judicial Sale of Ships, entered into force on 17 February. The Convention is intended to address the transborder effects of judicial sales and aims to clarify the legal uncertainty regarding the clean title which the judicial sale
Iraq has discovered an oil field with more than 8. 8 billion barrels of reserves near the southern border of Najaf province with Saudi Arabia, according to a news report.
The Indian local market remains good, with overall sentiment holding steady.   Source: Best Oasis Limited
Mara Kruze has been named the recipient of the British Tugowners Association (BTA) Tug Trainee of the Year Award 2026, announced at the BTA Annual Conference on 7 May. Mara was presented with the award by UK Chamber of Shipping President Karrie Trauth and Captain Neil Atkinson MNM MSc CMMar FNI, Head of Fleetwood Naut
Disruption is familiar. The market’s response to it no longer is.
Clean to dirty switching first gathered pace in the fourth quarter of 2025 with recent geopolitical developments further accelerating dirty ups in recent months.   Source: GIBSON SHIPBROKERS LTD
Conventional wisdom holds that gold protects investors during war and inflation. The Iran conflict has turned that assumption on its head.
Most conventional plastics are made from oil and gas and production costs have increased recently as a result of the closure of the Strait of Hormuz in the Middle East. That means when the price of those raw materials rise, the cost of producing plastic often rises too, creating incentives to reduce wasteful use, expa
The U.S. military on Thursday said it had responded in self-defense against Iranian attacks on three American warships that transited the Strait of Hormuz. The development came after Tehran’s state media earlier in the day said the country was reviewing a fresh proposal to end…
For the second time in a month, carriers must decide whether passage through the Strait of Hormuz is safe after on-again, off-again peace talks, and one shipping analyst expects shipping lines to exercise caution. Lars Jensen, president of consultancy firm Vespucci Maritime, said he expects carriers to exercise extrem
In the global narcotics trade, transnational criminal networks are consolidating their hold on the Pacific drug highway. Technology is enabling these...
The landlocked East African nation of Burundi is racing against time to rebuild its main port facility that was damaged by flood waters in late 2023...
The Port of Blyth in the United Kingdom is pushing to cement its dominance as a hub for North Sea offshore wind operations after unveiling plans to i...
In this episode of What's Going on With Shipping? , Sal Mercogliano analyzes the intensifying naval standoff in the Persian Gulf and the Strait of Hormuz.
MED MARINE is proud to announce the successful delivery of the DRAfter 2400 conventional tugboat built for SEKAVIN, crowned with a plaque presentation...
Ohio headquartered manufacturer Advanced Polymer Coatings (APC) has completed the first ever application of its MarineLINE coating system on a Jones A...
We Work the Waterways (WWW) is serving as a workforce development and engagement partner in the launch of the Corn Belt Ports Rural Logistics & Maritime Training & Education Consortium, a multi-state collaboration focused on strengthening the…
Latest NewsWeak consumer confidence, rising inflation dim peak season hopesUS DOT readies new trucker registration system to help fight fraudDisrupted Middle East-India shipments restart as choked supply chains easeAnnual ‘Roadcheck’ likely to tighten US trucking capacity, boost rates Maersk mulls potential Red Sea ret
( www.MaritimeCyprus.com ) Over the years, hundreds of tankers were employed in the grain trades. The first oceangoing steamer designed and built to carry oil in bulk was the Belgian-flagged Vaderland, which was built in 1872. The intended service of this vessel was to carry…
On Thursday, Greek fishermen located a five-meter drone boat of a familiar Ukrainian design at the island of Lefkada, northwest of the Peloponnese on...
This week, U.S. Representative Salud Carbajal (D-CA-24) was recognized by the International Propeller Club and received the Frank Courtenay “Salute to Congress” Award for championing legislation to support the American maritime industry. The Salute to Congress Award recognizes…
Brent crude futures jumped as much as 3% on Friday, a day after the U. S.
A suspected oil spill covering dozens of square kilometres of sea near Iran's main oil hub of Kharg Island has been seen on satellite imagery this week.The likely spill - appearing on images as a grey and white slick - covered waters to the west of the 8-kilometre (5-mile) long…
Whatever else is happening in the Strait of Hormuz, the U. S.
Latest NewsWeak consumer confidence, rising inflation dim peak season hopesUS DOT readies new trucker registration system to help fight fraudDisrupted Middle East-India shipments restart as choked supply chains easeAnnual ‘Roadcheck’ likely to tighten US trucking capacity, boost rates Maersk mulls potential Red Sea ret
In what appears to be a new operational pattern, U.S. Central Command has disabled two more Iran-bound tankers in the Gulf of Oman using Navy fighter...
Nearly one in five commercial trucks currently on U.S. roads fails to meet basic roadworthiness standards – a metric that stands as the #1 predictor of fatal accidents. As the freight cycle recovers and utilization rises, the industry is confronting a massive accumulation of…
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, issued the following statement: We encourage shareholders to see Diana’s latest disclosure for what it is: more unsubstantiated falsehoods…
Typhoon season 08 May 2026, Hong Kong Ship masters in Hong Kong waters to ensure precautionary measures are taken during the approach of tropical cyclones. READ MORE Source: GAC
U.S. forces disabled two Iranian-flagged oil tankers on Friday as they attempted to enter an Iranian port on the Gulf of Oman in violation of an ongoing U.S. blockade. U.S. Central Command enforced blockade measures against M/T Sea Star III and M/T Sevda, both unladen oil…