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Ocean Transportation: Page 10

India Condemns U.S. Strikes on Three Ships That Killed Sailors

Three foreign-flagged vessels carrying Indian crew have recently been attacked by the U.S. Navy.

Vessels anchored in the Strait of Hormuz, near Khasab, Oman, in May. Source: AFP/Getty Images

Oil Crunch Is Stoking Asia’s Demand for Coal, Shipping CEO Says

The effective closure of the Strait of Hormuz in early March has driven Asian buyers to look for alternative sources to replace disrupted Persian Gulf barrels.

Photo: iStock.com/Andrzej Rostek

Cuba Poised for Biggest U.S. Fuel Shipment Since Cold War Embargo

The Trump administration is pushing to bring about political and economic reforms to the island via a combination of sanctions, cutting off its access to energy supplies.

Photo: iStock / BirgitKorber

Giant Oil Supertanker Orders Eclipse Record Set in 2008

The tankers boom, and the potential for it to seed the next downturn, was a constant talking point at the industry’s biennial Posidonia gathering in Athens, June 1-5.

A ship under construction in a ship-building yard in Dalian, China. Photographer: Qilai Shen/Bloomberg

Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea

While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.

A ship transits the Suez Canal towards the Red Sea in 2024. Photographer: Sayed Hassan/Getty Images

Xeneta: Massive Freight Rate Increases Driven by War and Energy Crisis Fears

If shippers look to frontload imports, then carriers will look to push rates higher and higher, so the market may yet be far from its peak, warns the analyst.

Container ships and bulk carriers offshore from Singapore. Photographer: SeongJoon Cho/Bloomberg

First Oil Supertanker Moors at Kharg Island in Almost a Month

The blockade is depriving Tehran of petroleum revenue and the market of millions of barrels of supply.

Image: iStock/PeterHermesFurian

Panama Canal Considers Water Limits to Thwart El Niño Impacts

The authority overseeing the Central American waterway is revisiting lessons learned from Panama’s 2023-24 drought in the face of what's predicted to be a “super El Niño.”

A container ship passes through the Miraflores Locks as it transits the Panama Canal. Photographer: Justin Sullivan/Getty Images

Hormuz Gauntlet Runner Says Trump Has Been Good for Shipping

The company has managed to send at least eight oil tankers through Hormuz during the war, far more than any other independent owner.

Photo: Bloomberg

IRGC Attacks MSC Containership in Gulf

The Islamic Revolutionary Guards Corps claimed responsibility for the attack, saying it acted in response to U.S. strikes on an Iranian vessel.

Photo: iStock/eyewave

Japan’s Takaichi Urges Passage of Vessels in Call With Iran

Japanese shipowners are typically conservative, and few Japan-linked vessels have passed through the Strait of Hormuz since Tehran effectively closed off the waterway.

Sanae Takaichi Photographer: Kiyoshi Ota/Bloomberg

Strait of Hormuz Ship Transits Are Rising Thanks to U.S. Help

Some of the ships that have crossed belong to companies that hadn’t transited Hormuz since the war began.

A U.S. service member watches a ship transit the Arabian Sea. Source: U.S. Navy

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