Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher
The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on
The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on
Leaders from the United Kingdom, France, Germany, Italy, the Netherlands, and Japan issued a joint statement Thursday condemning Iran’s recent actions in the
President Donald Trump on Wednesday warned of overwhelming U.S. retaliation against Iran if attacks on Qatar’s energy infrastructure continue, following a
A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” after a missile strike, hours after Iran
The White House has approved a 60-day Jones Act waiver, moving forward with a controversial policy that U.S. shipping interests warned just days ago would do
Iran's huge Pars gas field was hit on Wednesday, a major escalation in the U.S.-Israeli war, prompting Tehran to announce it would respond with attacks on oil
By Captain John Konrad (Opinion) – The Strait of Hormuz is twenty-one miles wide. Two shipping channels, each two miles across, separated by a two-mile
LNG bookings average one per day as Canal positions itself as key alternative for disrupted Middle East energy flows By Lori Ann LaRocco – LNG transits
U.S. President Donald J. Trump on Tuesday suggested the United States could step back from securing the Strait of Hormuz, floating the idea of forcing
The U.S. issued a waiver on Wednesday broadly authorizing U.S. companies to do business with Venezuela's state-run oil company PDVSA, a key step that could
Bunker-buster munitions target coastal threats to commercial shipping U.S. forces have struck Iranian coastal missile sites near the Strait of Hormuz,
The United Arab Emirates may join a U.S.-led effort to protect shipping in the Strait of Hormuz after Iran all but shut the vital waterway to ships as
A widening conflict in the Middle East has led to dramatic swings and surges in the price of fuel for ships, prompting distributors in Singapore, the world’s
Crude tanker-owner Capital Tankers Corp.’s shares fell in their Oslo debut on Tuesday, as the closure of the Strait of Hormuz has disrupted global oil
President Donald Trump said Tuesday that NATO allies have refused to support U.S. military operations against Iran, publicly acknowledging growing divisions
New tracking data suggests “permission-based” transits may be reshaping one of the world’s most critical shipping lanes A new routing pattern is emerging
National Counterterrorism Center (NCTC) Director Joe Kent announced his resignation Monday, citing opposition to the ongoing war in Iran and asserting that
The International Maritime Organization (IMO) says roughly 3,200 vessels carrying around 20,000 seafarers are currently confined west of the Strait of Hormuz,
Managers across fuel supply-chain logistics are increasingly concerned that, unless restrictions on oil flows through the Strait of Hormuz ease quickly,
Germany has ruled out participating in any military effort to secure shipping through the Strait of Hormuz, marking one of the clearest rejections yet of U.S.
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