World.
Iran insists it controls Hormuz as rial hits record low and exports dry up
Iran's military insisted it retained full control of Hormuz and the foreign minister said the strait could reopen within seven days if Tehran's conditions were met, after US Treasury Secretary Bessent said Iran had not loaded a single barrel of crude onto tankers in September. Iran insists it controls Hormuz as rial hits record low and exports dry up Iran's military said on Monday it retained…
BIMCO Shipping Number of the Week
Caribbean Basin crude oil and heavy product exports jump 45% “Seaborne exports of crude oil and heavy products from the Caribbean Basin have year-to-date increased by 234 million barrels year-on-year…
xclusiv S&P Report 21th September 2026
Pls find below the [xclusiv] S&P Report 21th September 2026 [xclusiv] 2026_09_21
Marine insurance supply remains stable as geopolitical and technical changes reshape the market, says IUMI President
The global marine insurance market remains in a stable position, with premium growth strongly supported by a weak USD in hull and cargo. Meanwhile the sector is entering a period of significant…
Leghorn TCO Terminal Calata Orlando comes under the control of Neri Group and Nova Marine Carriers
The Leghorn-based TCO (Terminal Calata Orlando) has come under the direct control of the Fratelli Neri and Nova Marine Carriers groups. A majority stake in TCO has been acquired by holding company NR…
The Swedish Club warns Cape Horn should remain ‘Plan C’ for Panama diversions
The Swedish Club has warned that southern passages around South America should remain a third-choice option for shipowners trading between the US East Coast and Asia, rather than a routine…
Hapag-Lloyd strengthens partnership with DP World to support growth in Africa
Hapag-Lloyd to secure long-term terminal capacity across 5 key terminals Committing to new and expanded port infrastructure to accommodate future growth Partnership to strengthen Hapag-Lloyd’s…
COLI Antwerp handles four out-of-gauge shipments across four continents
From a used Liebherr crane bound for an Ivorian mine to a Brazilian metro railcar heading for testing in France; each consignment got its own logistics and equipment. Starting in February and…
Sean M Dalton nominated as next IUMI President
The Nominating Committee of the International Union of Marine Insurance has announced the nomination of Sean M. Dalton as the next President of IUMI. Dalton is the sole nominee for the position and,…
Sarjak Container Lines strengthens Vietnam footprints partners with Vantage Logistics Corporation
Strategic agency partnership enhances nationwide project logistics capabilities across Vietnam for industrial and infrastructure sectors As Vietnam continues to emerge as one of Asia's…
BIMCO Shipping Number of the Week
Dirty tanker loadings drop 62% from Russian ports in the Black Sea and Sea of Azov "During the last two weeks of July, dirty tanker loadings from Russian Black Sea and Sea of Azov ports fell 62%…
Rubico announces acquisition of 3rd Newbuilding MR Tanker and a 24% increase of potential Gross Revenue Backlog to about $379 Million
Rubico, a global provider of shipping transportation services specializing in the ownership of vessels, announced that, pursuant to its previously announced letter of intent (the “LOI”), it has…
‘Last chance’: Bessent says Hormuz deal is in sight after Trump’s warning on Iran talks
Treasury Secretary Scott Bessent has told CNBC a deal to reopen the Strait of Hormuz is in sight, after President Donald Trump warned that the latest round of negotiations with Iran is the “last…
Shipping industry letter to UN officials
Joint open letter in relation to no compulsory tolls or charges being introduced in the Strait of Hormuz Dear Secretaries General, We are writing to you to reiterate our concerns regarding the…
Asian Shipowners’ Association statement on International Straits Passage under International Law
The Asian Shipowners' Association (ASA) calls upon all States to uphold the principles of freedom of navigation and unimpeded transit passage in accordance with international law, in light of the…
Navigator Gas announces signing of $121.8 Million financing for two Newbuild Ammonia Carriers in Navigator Amon joint venture
Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that on July 31, 2026, subsidiaries of Navigator Amon Shipping AS,…
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