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IEA Approves Record Strategic Oil Release to Stabilize Global Energy Shipping
Global oil markets received emergency support after the International Energy Agency approved the largest coordinated release of strateg...
COSCO Alters Container Service Rotation and Exits Balboa Port Call
COSCO Shipping Lines has removed the Port of Balboa in Panama from one of its container shipping rotations, signaling another adjustmen...
Chubb Steps Forward as Lead U.S. Marine Insurer for Gulf Shipping During Iran Conflict
Marine insurance markets are rapidly adjusting to rising security risks in the Middle East as the war involving Iran disrupts shipping ...
U.S. Strategic Petroleum Reserve Release Aims to Stabilize Oil Markets
The United States will release 172 million barrels of crude oil from the Strategic Petroleum Reserve starting next week. The decision f...
Australia Bars Chinese Bulk Carrier After Crew Wage Dispute
Australian maritime authorities have banned the bulk carrier Ocean Bright from entering the country’s ports after inspectors discovered...
U.S. Maritime Regulator Signals Scrutiny of Hormuz Related Shipping Fees
Ocean carriers introducing new crisis related charges linked to tensions around the Strait of Hormuz could face regulatory review in th...
OOCL Container Ship Loses Cargo During Heavy Weather in the North Pacific
A large container vessel operated by Orient Overseas Container Line lost cargo containers overboard while crossing the North Pacific, h...
Asia Marine Fuel Premiums Surge as Gulf Conflict Disrupts Bunker Supply
Marine fuel markets across Asia are facing sharp disruption as geopolitical tensions in the Middle East push bunker premiums to record ...
Maersk Introduces Emergency Bunker Surcharge as Hormuz Tensions Disrupt Fuel Supply
Container shipping giant A.P. Moller - Maersk plans to introduce a temporary Emergency Bunker Surcharge after tightening marine fuel su...
IEA Plans Record Strategic Oil Release to Stabilize Global Energy Shipping Markets
Governments belonging to the International Energy Agency are preparing what could become the largest coordinated release of strategic p...