Oil tanker operators are reaping record profits after nearly doubling the hire cost of vessels going through the Strait of Hormuz and wider Gulf region this week on rising demand as traffic through the waterway slowly picks up, according to shipping da…
Gulf Tanker Rates Nearly Double as Middle East Exports Ramp Up Read More »
Oman and Iran agreed on Tuesday to press on with discussions about the future administration of navigation in the Strait of Hormuz, including maritime services in the strategic waterway and the costs associated with them.In a joint statement issued aft…
Oman, Iran Discuss Managing Strait of Hormuz Navigation Read More »
Three stranded supertankers passed through the Strait of Hormuz on Tuesday, while seven empty Qatar-linked liquefied natural gas tankers have entered in recent weeks in an early sign Gulf gas shipping may be resuming, ship-tracking data showed.Iranian…
More Vessels Pass Through Hormuz, Empty LNG Tankers Return Read More »
An evacuation plan to enable hundreds of ships with some 11,000 seafarers stranded in the Gulf to sail through the Strait of Hormuz is underway after Iran and the U.S.
Evacuation Plan Underway for Vessel Stranded in Strait of Hormuz Read More »
UN shipping regulator releases details of gradual and controlled passage of vessels through the Strait of Hormuz
Ships told to wait in line as IMO reveals Middle East evacuation plan Read More »