News

The latest maritime and offshore news.


Friday, March 6, 2026
The Balboa Port is pictured after Hong Kong's CK Hutchison agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, in Panama City.
News

CK Hutchison Escalates Legal Fight After Panama Seizes Canal Ports

Hong Kong–based CK Hutchison Holdings said Friday it has intensified its legal response to Panama’s takeover of two key container terminals near

March 6, 2026
Total Views: 1009

Thursday, March 5, 2026
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
News

U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea

The U.S. Treasury Department has issued a temporary sanctions waiver allowing Indian refiners to receive Russian crude oil cargoes already loaded on tankers, a

March 5, 2026
Total Views: 2167

Thermal targeting image showing a torpedo detonation alongside the Iranian Navy frigate IRIS Dena, with a large water plume rising from the explosion during a U.S. submarine strike in the Indian Ocean on March 4, 2026.
News

US Sinking of Iranian Warship Piles Pressure on India’s Modi

The US sinking of an Iranian warship off Sri Lanka’s coast expands the deepening Middle East war to India’s doorstep, unsettling New Delhi’s calibrated

March 5, 2026
Total Views: 3740

Aerial top view of a containership underway
News

Container Shipping Rates Rise as Asian Factories Reopen—But Hormuz Crisis Threatens New Shock

Global container shipping rates edged higher this week as Asian export activity begins to rebound following the Lunar New Year holiday, with carriers

March 5, 2026
Total Views: 1027

Containership and cranes at DP World Jebel Ali
News

Over 270,000 TEU Stranded as Container Carriers Halt Gulf Cargo Bookings

Hundreds of thousands of containers are in limbo after ocean carriers suspend cargo bookings to Arabian Container

March 5, 2026
Total Views: 2321

A red LNG carrier in the Suez Canal. Photo: Shutterstock/Alvaro Ardisana
News

World’s LNG System Strains as Qatar Halt Leaves Little Backup Supply

Companies in the United States and Australia, two of the top global liquefied natural gas producers, have little spare capacity to offset lost supply

March 5, 2026
Total Views: 412

FILE PHOTO: Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz
News

Hormuz Crisis Triggers War-Risk Measures for Seafarers

The global shipping industry is raising urgent warnings about the safety of civilian seafarers as escalating conflict in the Middle East halts commercial

March 5, 2026
Total Views: 572

Oil tankers pass through the Strait of Hormuz
News

Insurers Say War Cover Still Available for Gulf Voyages as Shipping Crisis Deepens

War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available despite a wave of cancellations tied to the escalating conflict in the

March 5, 2026
Total Views: 436

Wednesday, March 4, 2026
FILE PHOTO: Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz
Featured

‘Large Explosion’ Reported on Tanker Near Kuwait as Small Craft Seen Fleeing, UKMTO Says

A tanker anchored off Kuwait reported a large explosion late Tuesday followed by the departure of a small craft from the area, raising fresh concerns about

March 4, 2026
Total Views: 7829

an overhead view of port of los angeles docks
News

Trade Court Ruling Opens Door to Tariff Refunds for U.S. Importers

The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to begin unwinding tariffs imposed under the International Emergency

March 4, 2026
Total Views: 595

Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
News

US-to-Asia Oil Shipping Hits Record $29 Million as Tanker Rates Explode

It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates

March 4, 2026
Total Views: 1040

FILE PHOTO: Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz
News

Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns

Commercial shipping through the Strait of Hormuz has slowed to a near standstill as missile attacks, drone threats, and widespread electronic interference

March 4, 2026
Total Views: 1225

Illustration shows map showing the Strait of Hormuz and Iran
News

Containership Hit by Projectile in Strait of Hormuz as Maritime Attacks Escalate

A containership transiting the Strait of Hormuz was struck by a projectile on Wednesday, damaging the vessel and forcing the crew to abandon ship in the latest

March 4, 2026
Total Views: 2733

Belgian forces board the MT Ethera in the North Sea
Maritime Security

Belgium Imposes €10 Million Bail on Russian Shadow Fleet Tanker Ethera

Belgium detained Russian oil tanker Ethera and imposed a €10 million bail after discovering 45 violations including sailing under a false Guinean flag. The

March 4, 2026
Total Views: 444

Thermal targeting image showing a torpedo detonation alongside the Iranian Navy frigate IRIS Dena, with a large water plume rising from the explosion during a U.S. submarine strike in the Indian Ocean on March 4, 2026.
Defense

U.S. Submarine Torpedoes Iranian Frigate in Indian Ocean in First Wartime Strike of its Kind Since World War II

An Iranian Navy warship has been sunk by a U.S. Navy attack submarine in the Indian Ocean, marking what U.S. officials say is the first time since World War

March 4, 2026
Total Views: 1787

Oil tankers pass through the Strait of Hormuz
News

BIMCO Says Trump’s Tanker Insurance Plan Could Encourage Gulf Transits—But Naval Escorts Face Limits

The world’s largest shipping association says a proposal by U.S. President Donald Trump to provide political risk insurance for vessels operating in the

March 4, 2026
Total Views: 795

Tuesday, March 3, 2026
A screenshot of video alleged to show the fire onboard the sanctioned LNG carrier Arctic Metagaz
News

Crew of Sanctioned Russian LNG Carrier Arctic Metagaz Found Alive After Fire Incident Off Malta

The crew of the sanctioned Russian LNG carrier Arctic Metagaz have been located alive after abandoning ship following a reported fire in the central

March 3, 2026
Total Views: 12400

ships at anchor
News

Trump Orders Federal Insurance Backstop for Gulf Shipping, Signals Possible Navy Tanker Escorts

President Donald Trump said Tuesday he has directed the U.S. government to provide political risk insurance and financial guarantees for maritime trade

March 3, 2026
Total Views: 3380

tanker underway at sea from the bridge
News

White House Weighs U.S. Backstop for Tanker Insurance Amid Gulf Shipping Crisis

President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict,

March 3, 2026
Total Views: 1096

Containership and cranes at DP World Jebel Ali
News

Container Shipping: Gulf Booking Freeze Triggers Congestion Fears at Global Hubs

By Gavin van Marle (The Loadstar) – After ONE cancelled bookings to Middle East Gulf ports yesterday, its chief executive, Jeremy Nixon, told delegates

March 3, 2026
Total Views: 1176