Brent Enters Contango for First Time Since Iran War Began as Gulf Supply Surges
Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery for the first time since the Iran war started in
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Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery for the first time since the Iran war started in
The global marine insurance industry is cautiously welcoming recent diplomatic developments in the Strait of Hormuz as uncertainty continues over how the
The International Maritime Organization is telling thousands of ships stranded in the Persian Gulf to stay put and await instructions as it begins evacuating
A container ship fire now occurs somewhere in the world roughly every 17 days, highlighting the persistent danger posed by misdeclared and undeclared dangerous
The global shipping industry is entering a new era defined by geopolitical tension, fragile supply chains and heightened uncertainty, according to Allianz
Australian mining giant Fortescue has signed an agreement with Belgian shipping group CMB.TECH to charter up to 12 ammonia-capable Newcastlemax bulk
The global shipping industry continues to view geopolitical instability as its greatest business risk, according to the International Chamber of
By Lori Ann LaRocco – There are signs of a slow return to normalcy in the Strait of Hormuz, but it will take time for tanker owners and operators
The International Maritime Organization will begin a large-scale evacuation of more than 11,000 seafarers still stranded in the Persian Gulf following last
Iran and Oman have begun formal talks on the future administration of navigation in the Strait of Hormuz, including maritime services and associated costs,
The Strait of Hormuz is open again, but shipping companies are returning to a waterway that looks very different from the one that existed before the war.
Oil and liquefied natural gas tankers sailed through the Strait of Hormuz on Monday, in a sign of traffic slowly picking up after Iran said it had again closed
The Trump administration has issued a sweeping temporary sanctions waiver authorizing the production, sale and shipment of Iranian oil, a dramatic reversal of
Federal prosecutors have reached a deferred prosecution agreement with the chief engineer of the containership Dali, with the veteran Indian mariner admitting
The overwhelming re-election of Genco Shipping & Trading’s board this week marked the latest chapter in a takeover battle that has pitted two of the
Iran is shipping large amounts of oil that had previously been held back by a US blockade, a potential boost for Tehran after it signed an interim peace deal
Less than 48 hours after President Donald Trump signed a memorandum of understanding with Iran to end the conflict and restore freedom of navigation through
By Lori Ann LaRocco – The already volatile security picture in the Strait of Hormuz has taken a sharp turn for the worse as Iran moves to assert de
The US-Iran interim peace deal took effect and shipping started returning to the Strait of Hormuz as the US declared an end to its blockade and a complex
LONDON, June 18 (Reuters) – The interim deal to end the Iran war will include a waiver on sanctioned oil sales but the country still
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