oil tankers
Singapore sea freight companies hit with 50% fuel surcharge; war insurance premium also jacking up costs
One firm had to reroute cargo of used car parts to Dubai via India, raising the shipping cost five times
War risk insurance returns to Strait of Hormuz – at a price
Daily charter rates for oil supertankers have quadrupled within a week to nearly US$800,000
Iran not going to close Strait of Hormuz, Iran UN envoy says
IRAN’S UN ambassador said on Thursday Tehran was not going to close the Strait of Hormuz, but added that it was Iran‘s right to preserve the security of the key shipping route.
Surging tanker rates push US crude shippers to use small vessels
They can be secured faster, enabling traders to move barrels despite the tight freight market
Saudi Arabia races to reroute oil as Gulf storage fills up fast
With Hormuz effectively blocked, storage tanks are filling up at refineries and oil fields across the Persian Gulf
Saudi Arabia tries to divert oil to Red Sea amid Iran war, faces reluctant shippers
The Red Sea holds a risk of attacks from Iranian allies in Yemen
Trump says US will escort, insure oil tankers amid Iran war
The administration is also seeking to address high prices for consumers as petrol prices at the pump have already jumped to the highest levels in five months
About 10% of global container fleet caught in Hormuz backup, shipping CEO says
[LONG BEACH, California] Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following US and Israeli attacks on Iran, Jeremy Nixon, CEO of container carr...
Oil supertanker rates soar to record on Middle East conflict
The cost for booking a tanker from the US Gulf Coast to China also hit a record
Oil and gas majors and traders suspend shipments via Hormuz: sources
Vessel traffic through the strait has not completely stopped but disruptions are building rapidly
