"So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.
Iran attacked a fully-loaded crude oil tanker at Dubai Port's anchorage on Monday, setting it ablaze and damaging its hull, Kuwait's state news agency reported, citing Kuwait Petroleum Corp, which warned of a possible oil spill.The apparent strike is just the latest in a string of assaults on merchant vessels by missiles or explosive air and sea drones in the Gulf and Strait of Hormuz since the U.
Pakistan said on Sunday it was preparing to host "meaningful talks" to end the conflict over Iran in coming days even though Tehran earlier accused Washington of preparing a land assault while seeking negotiations.Speaking after talks between regional foreign ministers, Pakistan's Foreign Minister Ishaq Dar said they had covered possible ways to bring an early and permanent end to the war in the
Oman's civil defence is working on containing a fire in fuel tanks at the country's Salalah port, Oman's state news agency reported on Wednesday, after drones struck oil storage facilities at the port.The state news agency, citing Oman's civil defence, said that containing the fire "might take time", without providing further details.
A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston, March 23-25.Q: What inspired the creation of the Port of the Future Conference?The idea started in 2019 with Dr.
Israel has attacked Houthi targets in three Yemeni ports and a power plant, the Israeli military said early on Monday, marking the first Israeli attack on Yemen in almost a month.The strikes on Hodeidah, Ras Isa and Salif ports, and Ras Qantib power plant were due to repeated Houthi attacks on Israel, the military added.
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported.With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route between Iran and Oman which handles about a
The Chamber of Shipping of America has recognized 48 Crowley-owned or -managed vessels with 2026 Jones F. Devlin Safety Awards for achieving a combined 427 years of service without a lost-time injury.The Jones F. Devlin Safety Award recognizes merchant vessels that operate for at least two consecutive years without a crew member experiencing a lost-time injury.
An unknown projectile struck a vessel 15 nautical miles north of the United Arab Emirates' Sharjah, the United Kingdom Maritime Trade Operations (UKMTO) said early on Sunday.It said that all crew were reported safe.The UKMTO said in a later statement that the target of the incident could not be conclusively identified and authorities were investigating.
The cost of hiring a supertanker from the Middle East to China exceeded $200,000 a day on Thursday for the first time since 2020 as the threat of U.S. attacks on Iran grows and buyers seek to lock in oil cargoes, according to data and market sources.Iran pledged to show flexibility at indirect talks with Washington on their longstanding nuclear dispute on Thursday
Brunvoll Mar-El has signed a contract with Oma Baatbyggeri as system integrator and provider ofelectrical propulsion systems for a zero-emission catamaran ferry, commissioned by Rødne FjordCruise. The passenger and vehicle vessel will operate in the stunning Lysefjorden, Norway, with delivery set for June 2026.
At least six people died when a migrant boat bound for Spain's Canary Islands capsized off the island of El Hierro as rescuers were escorting it to port, regional emergency services said on Wednesday.The open-topped boat, which according to state broadcaster TVE was laden with around 180 people, went down as it neared La Restinga harbour on El Hierro, the archipelago's smallest island.