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Keywords: Shipping industry
Oil tanker crews operating in the Gulf are reportedly being offered exceptionally high salaries and risk bonuses to navigate the Strait of Hormuz, as growing security threats make one of the world’s most important energy routes increasingly dangerous. Reports cited by the Financial Times indicate......
Shipping activity through the Strait of Hormuz has fallen to one of its lowest levels in recent months as heightened security concerns continue to weigh on maritime traffic in the strategically important waterway. Data from shipping intelligence company Kpler showed that only seven cargo vessels passed......
Global fuel oil markets are facing the prospect of a significant supply shortage in the third quarter as disruptions linked to the war in the Middle East encourage refineries to prioritize higher-demand products such as diesel, gasoline and jet fuel. Energy consultancy Energy Aspects estimates that......
A tanker was struck by three projectiles while leaving the Strait of Hormuz, the British maritime security agency reported on Tuesday. No injuries or pollution have been reported, but the incident raises concerns about the safety of this strategic waterway in the Middle East. A new incident has disrupted......
The Vasco da Gama terminal project in Sines must now contend with a profoundly transformed maritime landscape. The rise of Tanger Med and the development of Nador West Med are intensifying competition in transshipment and logistics, at a time when Portugal is preparing to revive a project valued at 700......
QatarEnergy is adapting its commercial strategy in response to the deteriorating navigation conditions in the Strait of Hormuz. The Qatari energy group launched a new tender this week to sell al-Shaheen and Qatar Marine crude with ship-to-ship (STS) transfers conducted outside the strait, according to......
A new regular container shipping service linking China and Europe through the Northern Sea Route is expected to begin operations this week, marking another step in the development of an alternative maritime corridor between Asia and Europe. According to reports by the Financial Times, Chinese shipping......
The escalation of tensions involving Iran is accelerating significant changes in global maritime trade, prompting shipping companies, governments, and energy markets to adapt to a rapidly evolving geopolitical environment. As security risks increase along key maritime corridors, the global shipping industry......
Shipping activity through the Strait of Hormuz has declined significantly this week, highlighting the continued impact of geopolitical tensions on one of the world's most strategically important maritime routes for global energy supplies. Recent maritime tracking data indicate that vessel movements......