Hapag-Lloyd Profit Falls As Hormuz Disruption Costs Six Hundred Million
Hapag-Lloyd's second-quarter profit fell to 71 million euros from 306 million a year earlier as the carrier absorbed roughly 600 million dollars of additional costs arising from the conflict in the Middle East.
Two More Tankers Attacked In The Strait Of Hormuz
Two further tankers have been attacked in the Strait of Hormuz, extending a campaign against merchant shipping in the waterway that carries a substantial share of the world's seaborne crude.
Iran's New Security Chief Hardens Line On Hormuz Arrangement
Iran's new national security chief has hardened the country's position on transit arrangements through the Strait of Hormuz.
Thai Owner Receives 11 Million Dollar War Risk Payout For Hormuz Casualty
A Thai owner has received a war risk payout of about eleven million dollars after one of its bulk carriers was attacked in the Strait of Hormuz.
Iranian Bill To Bar US And Israeli Ships From Hormuz Lifts Oil Prices
Oil prices rose more than three dollars a barrel after reports that an Iranian parliament committee is reviewing a bill to bar American and Israeli vessels from the Strait of Hormuz.
Iran And Oman Reach Preliminary Understanding On Hormuz Route
Iran and Oman have reached a preliminary understanding on the coordinates of a proposed shipping route through the Strait of Hormuz, as Tehran seeks a formal role in managing traffic.
Iran's Main Oil Terminal Falls Silent While Gulf Crude Still Moves Through Hormuz
Satellite imagery shows every berth empty at Iran's main crude export terminal with no loading since 31 July, while four to five million barrels a day still pass through the Strait of Hormuz.
Clarksons posts record first half as Hormuz disruption drives volatility
Shipbroker Clarksons has reported a record first half, with revenue of 413.5 million pounds for the six months to the end of June, up 39 percent year on year.
Crewmember missing after bulk carrier struck in Strait of Hormuz
A seafarer is missing after a Greek-managed bulk carrier was hit by an unidentified projectile while transiting the Strait of Hormuz northbound.
LNG carrier disabled off Oman as Hormuz threats multiply
Merchant shipping remains exposed at both ends of the Strait of Hormuz, with fresh threats and explosions reported even as Washington claims another round of negotiations with Iran is getting underway.
Idle fleet in the Gulf raises invasive species risk
More than 1,500 ships lying idle in the Persian Gulf could spread invasive marine species worldwide once traffic through Hormuz resumes.
Hormuz and Bab el-Mandeb transits collapse as Gulf energy flows dry up
Transits through Hormuz are down 90% and crude leaving the Gulf has fallen from 15m to about 1m barrels a day, lifting tanker earnings sharply.
US and UK convene London meeting on protecting Hormuz shipping
The United States and United Kingdom are preparing a London meeting next week on forming a coalition to protect shipping in the Strait of Hormuz.
Tanker reported destroyed by mine in Strait of Hormuz
An oil tanker is reported to have exploded in the Strait of Hormuz after striking a naval mine outside the corridor designated by Iran.
Iran rejects Omani plan to share management of Hormuz
Iran has rejected an Omani proposal to share management of the Strait of Hormuz and is demanding control of the entire inbound lane.
Washington sanctions Iranian insurance scheme for Hormuz transits
Washington has sanctioned two Iranian companies selling mandatory insurance to ships transiting the Strait of Hormuz, along with eight tankers.
Marine insurers move to ban payments to Iran for Hormuz transits
Underwriters at Lloyd's Market Association have introduced a new clause allowing insurers to cancel cover for ships found to have made payments to Iran for safe passage through the Strait of Hormuz.
Tanker attacked near Hormuz towed into Iranian custody after crew rescue
The crew of the oil tanker Kavomaleas was safely rescued after an attack and fire near the Strait of Hormuz, but the vessel was subsequently towed into Iranian custody, raising fresh tension in the waterway.
QatarEnergy prepares to extend LNG force majeure into mid-October
QatarEnergy is reportedly readying an extension of force majeure on its LNG shipments through mid-October, as vessel traffic through the Strait of Hormuz remains severely disrupted.
Newly delivered VLCC reportedly struck near Hormuz within weeks of entering service
A VLCC delivered only last month has reportedly been hit while transiting near the Strait of Hormuz, one of several tankers linked to the same manager attacked within a matter of days.
CMA CGM imposes emergency bunker surcharge as Hormuz tensions reignite
CMA CGM will apply an emergency fuel surcharge from 1 August after renewed fighting around the Strait of Hormuz pushed bunker costs sharply higher.
Washington weighs major escalation against Iran as Gulf shipping risk deepens
The shipping crisis spanning the Strait of Hormuz and the Red Sea has entered a more dangerous phase, with Washington reportedly weighing a major escalation against Iran.
Hormuz tanker traffic sinks to fresh lows as attacks mount
Tanker traffic through the Strait of Hormuz has fallen sharply after a further wave of Iranian attacks, even as a sanctioned crude tanker deteriorates on rocks off Oman's protected Hallaniyat Islands.
Rotterdam handles more crude as Hormuz disruption reshapes flows
The Port of Rotterdam handled more crude and oil products in the first half as Hormuz disruption redirected flows.
DP World plans two east-coast UAE terminals beyond Hormuz
DP World has confirmed plans for two terminals on the UAE's east coast, creating cargo capacity outside the Strait of Hormuz.
Tanker owners eye the US Gulf Coast as Hormuz tensions squeeze Gulf flows
Tanker owners are eyeing the US Gulf Coast as Hormuz tensions threaten to disrupt Persian Gulf crude flows.
Pakistan pays record sums for spot LNG as Qatar supply falters
Pakistan is paying record spot LNG prices as Hormuz disruption and stranded Qatari cargoes force it onto the market.
Iran's Revolutionary Guard says ships were hit after taking an unsafe route through Hormuz
Iran's Revolutionary Guard says two ships were hit after taking an unsafe route through the Strait of Hormuz.
US says it redirected six ships and disabled one under an Iran naval blockade
The US military says it redirected six commercial ships and disabled one enforcing a naval blockade on Iran.
Sinokor offers crews six months' extra pay for Hormuz round-trips
A leading tanker owner has offered crews six months' extra pay for a round trip through the Strait of Hormuz.
India orders its seafarers off ships transiting the Strait of Hormuz
India has directed shipowners not to deploy its seafarers on vessels transiting the Strait of Hormuz amid heightened risks.
US tells Iran to declare Hormuz open and halt ship attacks
The United States has told Iran it must publicly declare the Strait of Hormuz open and pledge to stop attacks on commercial vessels.
Hormuz transits claw back in June as ships pile into the Red Sea
Shipping through the Strait of Hormuz recovered in June from May's lows but remained a fraction of a year earlier, as owners rerouted crude and boxes through the Red Sea.
Hormuz traffic collapses as Trump declares ceasefire over
Traffic through the Strait of Hormuz has nearly halted after a second day of US strikes on Iran, with President Trump declaring the ceasefire over.
Hormuz back in crisis mode as tanker attacks trigger US strikes
Shipping around the Strait of Hormuz has been thrown back into crisis after three vessel attacks in a day triggered US strikes on Iran and a sharp escalation across the Gulf.
Hormuz standoff shifts from access to control
Talks between Washington and Tehran remain stuck over control of the Strait of Hormuz, with Iran pushing joint sovereignty and passage fees while a grounded containership is used to press its case.
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