News
Israeli minister publicly opposes Zim and Hapag-Lloyd merger
1+ hour, 9+ min ago (141+ words) Lloyd's List Israeli minister publicly opposes Zim and Hapag-Lloyd merger Shares of the Israeli line dipped more than 6% after the statement by the Ministry of Defense The proposed merger with Hapag-Lloyd did not provide sufficient safeguards for Israel's security interests,…...
IRGC rejects alternative Hormuz evacuation routes not approved by Iran
1+ week, 4+ day ago (675+ words) Iran says ships must use only Tehran-approved Hormuz routes, complicating an IMO-backed evacuation plan via Oman and US coordination IRAN'S Islamic Revolutionary Guard Corps Navy has warned vessels against using any non-Iran-approved transit routes in the Strait of Hormuz, apparently…...
Hormuz reopening to free 300, 000 teu but rate impact still hinges on Red Sea return
2+ week, 6+ day ago (210+ words) Lloyd's List Hormuz reopening to free 300, 000 teu but rate impact still hinges on Red Sea return - The reopening of the Strait of Hormuz will release some 50 containerships, but this represents less than 1% of global fleet capacity - Carriers are prioritising evacuating…...
Stocks soar, but shipping stays cautious as US-Iran deal promises Hormuz reopening
3+ week, 12+ hour ago (225+ words) Lloyd's List Stocks soar, but shipping stays cautious as US-Iran deal promises Hormuz reopening - Chinese shipping stocks surged on news of a US-Iran deal to reopen the Strait of Hormuz, with Cosco Shipping Energy jumping more than 20% in Hong Kong…...
Israel-Iran strikes shatter ceasefire as US navy continues to choke Iranian oil exports
4+ week, 11+ hour ago (204+ words) Lloyd's List Israel-Iran strikes shatter ceasefire as US navy continues to choke Iranian oil exports - Israel and Iran exchanged direct military strikes for the first time since April's ceasefire, with Israel hitting targets in western and central Iran in retaliation…...
US sanctions PGSA after reported new strikes on Iran:
1+ mon, 1+ week ago (549+ words) The new US strikes follow its Monday attacks on Iranian missile sites and boats, putting the already shaky US-Iran peace talks under further strain THE US has sanctioned Iran's Persian Gulf Strait Authority after reportedly carrying out new strikes on…...
Atlantic MR tankers lose all their Hormuz rate gains and more
1+ mon, 1+ week ago (221+ words) Lloyd's List Atlantic MR tankers lose all their Hormuz rate gains and more - US Gulf-Europe MR index is at $10, 695 per day, down 60% vs February, pre-crisis; Europe-US east coast MR rates at just $8, 707 per day, down 8% vs February and down 53% y…...
Cargo war risk buyers receiving raw deal, insurers argue
1+ mon, 3+ week ago (148+ words) Lloyd's List Cargo war risk buyers receiving raw deal, insurers argue - Standard wordings exclude losses from frustration of contract rather than physical attack Marine insurers are warning that Red Sea turmoil is exposing significant gaps in cargo war cover, prompting…...
Demand rebound and Hormuz gridlock fuel container rate hikes
1+ mon, 3+ week ago (166+ words) Lloyd's List Demand rebound and Hormuz gridlock fuel container rate hikes - Asia-Europe and transpacific spot rates spike as demand rebounds and Hormuz closure traps ships - Volume recovery on main lanes seen as seasonal pattern, not fuel-cost fears - Hapag-Lloyd chief says…...
Beijing confirms Chinese crew on vessel attacked near Strait of Hormuz
1+ mon, 4+ week ago (167+ words) Lloyd's List Beijing confirms Chinese crew on vessel attacked near Strait of Hormuz - Beijing confirms Chinese crew aboard tanker attacked near Hormuz; no casualties reported - Details match JV Innovation, a shadow fleet tanker now missing from radar - The attack, reported…...