Red Sea War Risk Coverage Area Expanded Under Revised P&I Clause A significant change to war risk insurance coverage in the Red Sea and surrounding waters has been announced following a notice received by the Association from its reinsurers. The change expands the geographical area covered by the designated Red […]
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Greek-Interest Tanker Reportedly Struck by Drone While Loading Oil Off Novorossiysk A Greek-interest crude oil tanker was reportedly struck by an aerial drone on 16 August 2026 while loading oil offshore from Novorossiysk, Russia, in the Black Sea, according to a maritime security update. The vessel has been identified as […]
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Northern Sea Route attracts new container services as carriers look beyond the Cape of Good Hope The Northern Sea Route (NSR) is gaining fresh attention from container shipping companies as carriers explore the Russian Arctic as a seasonal alternative for moving cargo between North Asia and North Europe. With the […]
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Oil exports are recovering across the Arabian Gulf as alternative pipelines and export facilities help offset continued disruption in the Strait of Hormuz. However, vessel movements through the strategic waterway remain far below normal levels. Oil flows from the Persian Gulf region have reportedly recovered to approximately 15 million barrels […]
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A small containership approaching the Iranian blockade line in the Gulf of Oman was reportedly struck by U.S. forces on August 10, in a significant escalation of the ongoing confrontation surrounding Iranian shipping and the Strait of Hormuz. According to The Wall Street Journal, U.S. forces opened fire on the […]
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Engine-room fire aboard the vehicle carrier Min Jiang Kou triggers an emergency evacuation in the Pacific, with nearby merchant vessels responding to rescue all 22 crew members. A major maritime rescue operation unfolded in the Pacific after an engine-room fire aboard the vehicle carrier Min Jiang Kou forced all 22 […]
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The possibility of restoring normal shipping through the Strait of Hormuz is facing another setback after U.S. President Donald Trump demanded compensation from Iran for deaths and damages that Washington attributes to Tehran. Trump’s demand comes just as Iran and Oman were working toward an agreement to establish new shipping […]
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A U.S. federal court has sentenced the captain of the tanker Bella 1, later renamed Marinera, to 10 months in prison followed by deportation after he pleaded guilty to refusing an order from the U.S. Coast Guard to stop his vessel. On August 7, the U.S. District Court sentenced 47-year-old […]
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SeaLead Shipping, once one of the world’s fastest-growing container carriers, is heading into liquidation following a series of US sanctions that severely disrupted its global operations. The Singapore-headquartered liner operator has reportedly moved into liquidation after the US Treasury’s Office of Foreign Assets Control (OFAC) imposed sweeping sanctions in July, […]
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Oil prices moved higher on Friday as uncertainty surrounding the reopening and future operating conditions of the Strait of Hormuz continued to unsettle energy markets. The latest market reaction follows proposals from Iran, reportedly being discussed with Oman, that could introduce strict conditions on vessels seeking to transit the strategic […]
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