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June 23, 2025

Iran may decide closure of Strait of Hormuz — putting one-fifth of world’s oil supply at risk

International Shipping, Global Trade, Maritime, Trending News
WASHINGTON : Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows. The move, which could block $1 billion in
June 23, 2025

Yemen’s Houthis say ready to attack Red Sea after US strikes on Iran

International Shipping, Global Trade, Maritime, Trade, Trending News
SANA : Yemen’s rebel government says it supports a vow by its armed wing a day earlier to hit US ships in the Red Sea should Washington launch strikes on Iran. “We affirm the
June 23, 2025

Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages

International Shipping, Export - Import, Marine Insurance, Maritime, MSME, Shipping Line, Trade, Trending News
NEW YORK : Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging 0.2% of the
June 23, 2025

Xeneta Weekly Ocean Container Shipping Market Update

Container, International Shipping, Shipping, Shipping Line, Trade, Trending News
OSLO : Xeneta analyst insight – Transpacific Peter Sand, Xeneta Chief Analyst commented “The market mid-low on the Transpacific trade has dropped 33% since 9 June, meaning some of the more powerful shippers are
June 23, 2025

IMO delivers regional training for Asia-Pacific women auditors

International Shipping, Maritime, Shipping Line, Trade, Trending News
SINGAPORE : Women auditors from across 20 Asia-Pacific countries took part in an intensive regional training course under the IMO Member State Audit Scheme (IMSAS) held in Singapore (11-13 June).   Aside from equipping participants
June 21, 2025

Maersk temporarily pauses Haifa Port calls

International Shipping, Company, Foreign Ports, Global Trade, Trade, Trending News
COPENHAGEN : Container shipping company Maersk, opens new tab said on Friday it had temporarily paused vessel calls at Israel’s Haifa port, amid the country’s escalating conflict with Iran. The Danish company said it had not experienced
June 21, 2025

Iran’s options against Foreign aggression include closing Strait of Hormuz, Lawmaker says

International Shipping, Foreign Ports, Maritime, Maritime Security, Ocean Attack, Shipping Line, Trade, Trending News
LONDON : Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member of parliament said this would only
June 21, 2025

Maritime Safety Committee tackles busy agenda

International Shipping, Global Trade, Maritime, Maritime Security, Ship Collision, Ship Explosion, Shipping Line, Trending News
LONDON : IMO Secretary-General Arsenio Dominguez opened the 110th session of the Maritime Safety Committee this week, highlighting recent maritime casualties as a stark reminder of IMO’s critical role in ensuring safety, security environmental protection of shipping, and
June 21, 2025

Drewry: World Container Index down 7% Last Week

Container, International Shipping, Shipping, Shipping Line, Trade, Trending News
LONDON : For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional visibility/coverage beyond the eight trade lanes
June 21, 2025

Baltic Index logs worst Week in more than two months

International Shipping, Dry Bulk Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight index, which tracks rates for vessels transporting dry commodities, fell on Friday to log its worst week since early-April, weighed down by lower rates for
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