Shipping Industry News

While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.

The Joint Maritime Information Center (JMIC) has reported that regional threat levels remain SIGNIFICANT amid ongoing strikes between Iran and Israel, with maritime threat levels ELEVATED due to potential impacts...

Indian authorities have launched criminal case against the owner, master, and crew of the Singapore-flagged container vessel Wan Hai 503 following a major fire and explosion incident that left four...

Iran’s oil exports have jumped since the nation came under attack from Israel on Friday, according to a firm that specializes in monitoring clandestine shipping. The Islamic Republic exported an average of 2.33 million barrels a day since June 13, according to data from TankerTrackers.com. That’s an increase off 44% compared with the year through June 12. The lion’s share of that oil comes from Kharg Island, home to a cluster of storage tanks that are critical infrastructure for Iran.

The Port of Long Beach experienced a significant 8.2% decline in cargo throughput in May, processing 639,160 TEUs as tariffs continue to impact global trade flows. The neighboring Port of...

The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9:40 a.m. shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.

War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday.

Oil-shipping rates for Middle Eastern routes have spiked after some tanker owners and managers paused offering vessels as they assess risks from Israel’s conflict with Iran, fueling concerns over flows from the region.

The United Kingdom has announced a significant maritime sanctions package targeting Russia’s shadow fleet, with 20 oil tankers now under restrictions as part of broader economic measures announced at the...

Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries' escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries.

The European Union’s proposed ban on all Russian gas by the end of 2027 sets the stage for heated debate, with some member states nervous it will boost energy prices and cost companies millions of euros in legal fees.

A VLCC supertanker and a Suezmax tanker collided in the Gulf of Oman early Tuesday morning, resulting in fires aboard both vessels but no reported injuries or pollution, according to...