UN Warns Hormuz Crisis Will Leave Lasting Economic Scars Despite Shipping Recovery
The reopening of the Strait of Hormuz may ease immediate pressure on global shipping and energy markets, but the economic fallout from more than 100 days of
The reopening of the Strait of Hormuz may ease immediate pressure on global shipping and energy markets, but the economic fallout from more than 100 days of
Traffic through the Strait of Hormuz picked up for the first time since Iran’s recent attacks on ships in the waterway, with more operators sending crude
China's military and coast guard said on Tuesday they had carried out patrols in the waters around Scarborough Shoal in the South China Sea, as part of
The marine and maritime industry has reached a remarkable era of technological growth, yet many design practices remain anchored in traditional silos. Naval
A Chinese-owned tanker has once again transported asphalt between U.S. ports under the Trump administration's emergency Jones Act waiver, renewing questions
A.P. Moller-Maersk has sharply upgraded its financial guidance for 2026, citing stronger-than-expected demand in the global container shipping market and a
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The Trump administration has reached another agreement to unwind a U.S. offshore wind project, this time with Duke Energy, which will voluntarily terminate its
Ships continued to cross the Strait of Hormuz Monday, though the number broadcasting their passage dropped, as some companies said vessel attacks over the
DUBAI/WASHINGTON, June 29 (Reuters) – Iranian and U.S. technical teams working on the implementation of an interim peace deal are expected to
South Carolina Ports (SC Ports) will temporarily suspend container operations at its Hugh K. Leatherman Terminal beginning August 1, marking the latest setback
Russia has apparently equipped one of its most strategically important liquefied natural gas (LNG) carriers with heavy machine guns, according to photographs
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Middle East producers are pushing ahead with oil and liquefied natural gas loading despite fresh ship attacks in the Strait of Hormuz and renewed strikes
Pakistan is seeking to buy liquefied natural gas for delivery this week as a string of attacks in the Strait of Hormuz disrupts flows of the super-chilled
LONDON, June 28 (Reuters) – Britain will scrap plans to replace its aging destroyers and will instead procure at least six “Common Combat
By Yimou Lee, Fabian Hamacher and Ann Wang PENGHU, Taiwan, June 29 (Reuters) – When Yeh Chih-sheng steps aboard Taiwan Coast
By Sara Gharaibeh Jun 28, 2026, 8:26 AM (Bloomberg) –A helicopter operated by Saudi Aramco crashed Sunday in the energy heartland of Ras Tanura,
By Jana Choukeir and Jasper Ward DUBAI/WASHINGTON, June 28 (Reuters) – The U.S. military said it struck Iran again, hours after a tanker was hit in the
By Charlie Duxbury Jun 27, 2026 (Bloomberg) –Sweden is fitting machine guns to its civilian coast guard vessels to better counter what it views as
By Michael Smith Jun 27, 2026 (Bloomberg) –Not far from the super yachts docked outside the island palaces of Miami’s new billionaire class,
A second merchant vessel has been struck while transiting the Strait of Hormuz, underscoring the rapidly deteriorating security situation despite efforts to
By Sara Gharaibeh and Alex Longley Jun 27, 2026 (Bloomberg) –A ship was attacked in the Strait of Hormuz and naval authorities increased the threat
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By Julian Lee and Priyanjana Bengani Jun 26, 2026 (Bloomberg) –Saudi Arabia is boosting crude shipments, opening up its Persian Gulf ports that were
By Mark Burton Jun 26, 2026 (Bloomberg) –Vitol Group has shipped a stranded cargo of aluminum out of the Strait of Hormuz, in an early sign of
The world’s merchant fleet is getting older, and according to Allianz Commercial, that trend is creating mounting safety risks as shipowners struggle to
The Strait of Hormuz has about 80 mines in its historic shipping lanes, the UN’s International Maritime Organization estimated Friday, showing how difficult
ehran reasserted its right on Friday to control shipping in the Strait of Hormuz and warned Gulf states against siding with the U.S., a day after an attack on
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