Blog
MARAD launches $488 million port infrastructure funding round to strengthen U.S. maritime supply chains
The U.S. Maritime Administration has opened a new $488 million funding round under its port infrastructure development program. The ini...
France seeks international backing for new Strait of Hormuz maritime security mission
France has contacted around 35 countries to assess support for a future maritime security mission in the Strait of Hormuz. The initiati...
Iran moves toward Strait of Hormuz transit tolls, raising pressure on global shipping
Iran is drafting legislation to introduce tolls on vessels transiting the Strait of Hormuz. The move could reshape cost structures acro...
Hapag-Lloyd warns Middle East conflict is adding up to $50 million a week in extra shipping costs
Hapag-Lloyd says the Middle East conflict is adding between $40 million and $50 million in weekly costs. The impact is rising as disrup...
Equinor Advances Brazil Gas Project with Deepwater Drilling Campaign
Offshore drilling begins in Campos Basin
Equinor has launched deepwater drilling offshore Brazil as part of its Raia gas project. The ...
Iran Rejects U.S. Peace Plan as Gulf Shipping Risks Persist
Diplomatic setback raises uncertainty
Iran has rejected a U.S. backed 15 point peace proposal aimed at ending the current conflict, de...
Iran Tightens Control Over Strait of Hormuz Shipping
New clearance rules for vessels
Iran now requires ships to submit crew lists, cargo details, voyage data, and bills of lading before e...
Russian Baltic Port Suspends Crude Loading After Drone Strike Fire
Operations halted at key export terminal
Crude oil loading has stopped at Russia’s Baltic Port of Ust-Luga after a drone strike trigge...
Philippines Allows Higher Sulfur Marine Fuel Use as Middle East Tensions Disrupt Supply
Emergency measure to support shipping and power sectors
The Philippines has temporarily allowed the use of higher sulfur fuel in respo...
Iran Keeps Strait of Hormuz Open but Signals Limits for Some Ships
Key Shipping Route Remains Operational
Iran has confirmed that commercial vessels can still pass through the Strait of Hormuz, but it ...