Saudis considering state-backed insurance to increase Middle East shipping
Riyadh is considering a state-backed war-and-political-risk insurance scheme to cover ships operating in the region. It recently held…
US military made secret path through Hormuz, 10 million oil barrels pass daily
The US military is conducting a stealth operation to transport oil through the Strait of Hormuz, sources with…
Gas tanker explosion at Egyptian port reportedly Iranian drone attack
The explosion of a US tanker at Egypt’s Mediterranean port of Damietta on Wednesday was the result of…
Strait of Hormuz ship traffic plunges after Iran closes waterway again
The number of ships that passed through the Strait of Hormuz fell sharply on Sunday after Iran announced…
Israel’s ZIM Shareholders Approve Hapag-Lloyd Takeover Deal
Alphaliner says ZIM is currently the 10th largest container shipping firm. Image Credit: ZIM
Shareholders of…
Yemen says oil tanker hijacked off Shabwa coast, heads towards Somali waters
Yemen’s coast guard said on Saturday that the M/T EUREKA oil tanker had been hijacked off the coast…
Iran’s threat to burn ships is choking off Persian Gulf oil flow to world
BEIRUT — When Iran’s Islamic Revolutionary Guard Corps warned this week that ships traversing the Strait of Hormuz would be…